I see a lot of talk about the "dead cat bounce". This has never happened in the history of bitcoin. A DCB is when a STOCK that is spiraling down to dissolution finds a little support for a little while. It is still going to go to zero, but bounces up a bit before bottoming out. Bitcoin is nothing like a stock. Stocks are issued by a central authority to take in needed money. A business that is unsuccessful at selling it's stock could collapse and become valueless.
Guess what. Bitcoin does not need your money, it's a computer program and works just fine no matter what the price is. That means it will not drop to zero (unless it becomes broken, of course). It can go down and up a million times but is not going to die. What many here like to call a DCB is actually just a boring market correction.

Good points! also cars, drums, and pills are not backed by anything. lol

They are not promoting it? They are reporting what they have been told by exchanges.

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Looks like somebody sold at $220. 

Hey OP, here is a pro-tip for you. Try spreading FUD during a downtrend. 

"sausage running mate" is the phrase that activates my assassination mode! Must find Ben Bernanke.  Must find Ben!!
Whoa, snap out of it! Gavin has taken control of my mind. And I just found MY RECEIVING ADDRESS in Gavin's blockchain. MY ADDRESS!!!! Who does he think he is?

As a side note... Firearms are legal for Americans to sell in the U.S. Although if it is a handgun, machine gun, etc. You will need to go through an FFL.

The answer to your question is that no one here has a god-damn clue what is going to happen next. Speculation is guessing. Don't become deluded into thinking someone somewhere knows the answers.

Oh crap, it's worse than I thought. I ALSO HAVE A COPY ON MY COMPUTER!!!! WTF???
I must be some kind of "Manchurian candidate".

I think this will change. Kinda like the early internet. I remember when you had to type in everything to just connect. Then you had to guess domain names since there were no search engines. And even before that I used to have to war dial to find computers. It was really only for the most dedicated computer geeks. Now Grandma uses the internet. 

I wish there were a global conspiracy to control the world. Frankly it would be comforting compared to the truth, which is that the no one is able to control anything anymore and our modern world is starting to fall apart.
 

Could it be the "stress test" that someone here is launching? Basically they are DDOSing the blockchain today.

Why would the Cato institute know anything about bitcoin? The only one of them I have met that understands bitcoin at all left them to go into bitcoin.

Well there is some evidence of it.

http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

OMG, I just realized how serious this is. Did you guys know that Agent Gavin has a copy OF EVERY SINGLE BITCOIN Tx you have ever made! 

There are several options you may be interested in. First, getting your coins...
You will need to have a "wallet" for receiving BTC. That wallet is associated with "receiving addresses" that you give to a person who wants to send you money (BTC). There are various wallet options, this may help you decide. ( https://bitcoin.org/en/choose-your-wallet ) The main factor is whether or not you control the "private keys" for your wallet. You may never see them using bitcoin, and you should not show them to anyone. Hosted wallets are easy to use and great for a smart phone, however you are sharing your key and must trust the hosting website. I use an online wallet for convenience, but I keep only about $100 in it. Once you have a wallet set up and have provided a receiving address you can have your funds in mins.

If you want to sell them you are going to want to set up an account at an exchange in your country. There are a great many of them now. Look for a a legally registered business that practices KYC and AML. If they don't all you know for sure is that you are dealing with criminals and it could go very wrong. Exchanges can be linked to your bank account and make it super easy to convert to fiat. However, you may find it cheaper to just spend your coins. It saves a step and saves on fees. Over 100,000 places take BTC now and I only use bitcoin online and never "sell" it. You can buy anything now and it keeps growing every day.

The taxation on bitcoin is tax on "capitol gains". You pay a percentage on the appreciation in value, if any. You may also claim a loss if the price is lower than when you received them. So for example you get your bitcoin at a value of $220 but the price jumps to $260 when you go to sell them. Your then paying tax on the $40 you made. The rate varies from 0% to perhaps 15%. You will have to do your taxes to find out, but let's say it's 10%. You then have a tax burden of $4 to pay.

Hope this helps!
 

WTF? Why am I not listed as Illuminati? I'm one also. I represent the even more secret 14th.blood line. We secretly control the other blood lines without them knowing.  

I don't know guys. Someone with a 0 activity in another thread assures me that bitcoin is about to drop to sub zero values.... So....

 

How did a two year old get an account anyway.    ...

Agreed. The first time was a cute trick. But if this is your new hobby then you should be testing on the "test net". Perhaps you can glean it's use from the name "TEST NET".

Gay marriage has always been accepted by me. Glad to see an official recognition.