well, this is bitcoin, so I say new lows.

feeling toppish.

 

yeap, chinese gov unbanned something that got banned like 10 times. 

I would be worried if chinese were moving their $ using bitcoin because those millions of coins got to end somewhere.

the truth is that we are building ponzi (MMM) upon ponzi (OK Coin).

you must be a german.

don't be so superficial and uneducated.

stalinism does not mean socialism, but - stalinism. there are many forms of socialism, yes. think of those various types of it as implementations of communist ideas in a certain area/state. in the authoritarian east you get stalin, yes, but he does not equal socialism.  

also, there is no such thing in the world as a "catholic country", except for vatican city state. also, majority in greece is orthodox.

about christian ethics read niche.

yeah, everybody waiting for 290~300 to short this round means 300 probably won't happen. not to mention that there were no serious corrections in this run up. buyers getting exhausted.

those coins are just hoping and waiting for trillions of dollars to pour into...gemini?

if there were no need to pump, why would these judas swings (20 $ up, 50 down) take place every few months?

institutional investor = more than 20 k of coins. that's not necessarily wall street level. in bitcoin world that's more like mom's basement level.  

yolalanda is right. this story about eur vat is purely a coincidence. I mean bs coincidence. this move like any other in this market was orchestrated by institutional investors, whales.

just few hours before the move a newbie   actually posted here a thread here about price going 5~10 $ up because of it.  

uber-bullish and all, time to open more shorts.

it's a dump fest from 280~282.

I expect a pull back in the next few days to 255.

I didn't say that it will tank to 60 $, just that it did tank to 60 after the first bubble (I think the lowest was 50), but I got in at 60. There is a great support there, btw, and I think that in the worst case scenario that support might get tested again during the final capitulation.

now, about businesses and companies accepting bitcoins, that's actually bearish cause merchants don't keep their coins. I would not worry about that anyway because nobody is actually spending the coins except for early adopters and gamblers. there is no incentive to spend them. and miners, well, they have to pay their electricity bills.

I am pessimistic because I don't see the fundamentals for a new bubble sustainable growth. the ongoing discussion about small vs big blocks shows that not even the devs and early adopters know where to go from this point with the blockchain.

I didn't withdraw my coins for 255 then, just sold and waited for the crash to 60.

Come and visit us again.

Did you buy bitshares?

new chip from bitfury, probably.

https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/


even the first april bubble was fake. do your homework.

volume is now irrelevant thanks to bot trading/china.

did I hear cup and handle? probably will end up like the one in july: mucho pain for the bulls.

I have a better one.

you mean in the only possible and viable direction?