Maybe bitcoin should move to the satoshi.. in order that people can feel like they are tipping big..... and say... I liked you so much, I just tipped you 1,036,000 satoshi.

Where?

I must have been sleeping during this part.   HOW big of a wall was it?  How many BTC?  10,000?  or 5,000?  NOT a bad time to be in BTC... in my thinking.... even though it is possible that we will see a little more downward movement... if we get in the lower $600s, I may buy a little more...

YEAH... s/he (mellowyellow) ran out of BTC from engaging in stupid-ass trades....   like the one just predicted.  The prediction is possible, yet highly unlikely and based on zero backup in the real world.

If I had stolen coins that I wanted to rid and make good cash out of them, (what a hypothetical?), I would continuously be selling at whatever rate the market could bear.  And, low volume would mean probably only being able to sell at 10 to 20 BTC at a time.  or maybe even breaking up into smaller amounts.  One of the problems is thereafter converting to fiat, so it would be better to find items to buy in the market, like Teslas, even though that would likely draw too much attention... since there are NOT too many big ticket items to buy, and likely any big ticket items will receive some scrutiny.. since BTC is such a novelty.. So really, I would NOT know what to do.

with a volatile asset it could go to zero... but it could go to $10,000 or more, as well.  Could lose 100% or could gain 1000% or more.    

Accordingly, it would be worth the gamble to put some assets into BTC.  OH.. by the way, BTC probably has a better chance to gain value than to lose value at this point.. and going to zero seems really unlikely.. though it may lower in value... that is possible.

Seems as if we are making very similar comments, just using different phrases.

Just the opposite.  Seems like a good time to invest in bitcoin, especially for some rich person who wants to diversify his/her investment portfolio.

Yeah... these straight lines of predictive pricing make very little sense to me.

You keep repeating this speculation as if it were true, merely b/c it is possible.  Yes, it is possible that 10% of bitcoins are in the hands of criminals.  However, under the scenario that you paint, it is highly unlikely.  Why would criminals want to hoard bitcoins?  They may clean them first before hoarding them, but likely they would cash out of some of them, if it were true that "criminals" were holding 10% of bitcoins. 

Also, you are NOT even clear with your definition, exactly, what is a criminal.  I am gathering that you are defining a criminal as someone who has taken someone else's bitcoin.

If it is a small group of people, then is their plot to hold bitcoin in order to sabotage bitcoin in one way or another.  I doubt it.  Usually, thieves are NOT that ideological nor that sophisticated.  Usually, thieves are inclined to steal in order to reap the benefits of the theft (and accordingly to cash out).  Since dollars are more liquid than bitcoins, it is likely that a lot of these 10%, if they were to exist, are in dollars, and NOT in bitcoins... .. so, therefore, your theory about 10% of bitcoins being in the hands of thieves is NOT only highly unlikely but also highly implausible in terms of its speculative value.

The more you attempt to defend this line of logic, the more ridiculous it begins to seem. 

I am fairly certain that each dollar that has been in existence for more than a couple of years, has passed through the hands of at least 10 criminals.  NOW certainly, the newly printed dollars may NOT yet had opportunities to pass through the hands of more than one or two criminals b/c those dollars are going straight to the banking criminals who are hoarding those dollars.. .or perhaps investing them in some off shore location.. such as china or germany, where they can get greater return than they perceive to be able to get if they were to invest those dollars in the US of A...

this is a very good point    LMGTFY.    I appreciate a lot of the contributions of Jorge b/c frequently he seems to be providing facts along with his various opinions; however, every once in a while we get these zingers of logical leaps  that are very misleading....   And really, I believe that Jorge is smarter than that... and who the fuck is going to conclude that the whole bitcoin community thinks one thing or another based on what a few in the community may be saying.... or even if some kind of dominant theme seems to exist...

I would NOT let what some bitcoin users say signify the whole of the bitcoin community.  Surely, there is NO consensus concerning the impact of Gox and the extent to which the GOX findings are going to continue to influence bitcoin beyond GOX... surely some bitcoiners are wishing that GOX would go away... but so what?    There are going to continue to be aspect s of the Gox matter that will ripple into the bitcoin space b/c of the extent of it and b/c the story is still lacking in clarity... and accordingly evolving. 

NONETHELESS, I have the sense that a lot of the major and uncertainty aspects of the GOX situation is contained, and the worst of the GOX situation has already been absorbed into bitcoin prices.... and maybe that is why we are getting stagnation and seemingly slow upward movement rather than getting an upward spike in BTC prices.

I really doubt that it would be fruitful to follow the angel that bitcoin is supposedly driven by students.. and that their spring break affects trading volume.  It seems too big of a logical stretch.... or an attempt to look for the zebra when the explanation is a horse.

I figured that we would be finding out some information like this b/c once Gox knew that it did NOT have the BTC, that may have triggered some kind of obligation for them to either stop doing business completely or to disclose that they did NOT have BTC - otherwise, fraud allegations could likely be successfully proven.

Regarding the anticipated Bloomberg TV announcement and then the occurrence of the TV announcement.  The rally seemed to occur about 24 hours prior to the TV announcement - before we knew what was the announcement, we got a BTC price rise; however, once the announcement occurred, we receive nearly immediate decline.    Whether the anticipation caused the upward price rally and the disappointment caused the decline in price, that would be for someone other than me to argue such b/c I am unclear about whether something else may have been occurring at that same time to cause those price movements.

Let us say for example that the lull were to be followed by more lull?   Then when the more lull is over, you would describe the situation that the lull was "followed by" ___(choose one: "Increase" or "decrease"), and "more lull" would NOT be one of the options that you provide... right?

I would feel really badly, if I were entrusted to hold someone's BTC, and then I had put all of them on MT GOX....     If a person wants to sue such a person, the standard would be, reasonable person standard.  Was it reasonable for a trustee to store the BTC on GOX?    The arguments could go either way, and hindsight is 20/20.....

I think that overall, anyone knowledgeable of the BTC world should have diversified out of GOX  - especially if that person was a trustee over the custody of someone else's coins...  - though I could see why it may have been attractive to have some of the BTC in GOX... just NOT 100%..... ...   

All in all, I do NOT blame the victims for having some faith in GOX.... //// and a lot of people have hope that there is a possibility that in due course, they will be reimbursed for a percentage of their GOX holdings.... If I were a gambling man, I am NOT sure exactly where I would put the odds... maybe 50% chance that investors will be reimburse 20% of the value of their Gox holdings...   

I had heard (on one of the bitcoin podcasts) that there is a GOX coin under development (something other than bitcoin builder) that is going to provide the public with a market value in order that investor's can make such a bet through such a coin.  Will be interesting to see the progress and value of such a coin, once it comes out.

YES... I see from where you are coming..... an irresistible urge to write something in this thread, when mostly all we see is a series of chart buddy posts.    

Also, I am of a similar sense that we are going to get an upward breaking of BTC prices and even an upward trending at some point.... (despite our 3.5 months of downward trending)...    

In current times, though, I am becoming more and more reluctant to put specifics to my projection and my feelings about BTC.... and I get my sense of upward BTC price pressure from the continuing building of BTC infrastructure...  and the increasing awareness of the public of BTC, and surely some people are putting their money into alt cryptos b/c they believe those alts are more affordable than BTC and a better speculative investment, but in the end... the gravitational movement in the totality of the crypto scene is going to be mostly with BTC, with maybe a few of the alts tagging along for an upward ride.

In that sense, the BTC and crypto space expansion seems to greatly outnumber any retractions that simultaneously may be occurring... ..

  Regarding our current poll in this thread:   there does seem to be a fairly even divide concerning whether posters believe that the BTC settling point will be below 600... NONETHELESS, I get the sense that if we are going to settle somewhere with these BTC prices, then we are going to be settling in the $750-$850 range... maybe for a few months before we continue our upward trajectory....  

And, yeah, all of us seem to be guessing..... whether we are using graph lines or using thumb to the wind or using alignment of stars....

In any event, BTC fundamentals seem to be shaping up very well and as good as can be expected... at least for an upward trajectory into the next few years...... even with a few governmental naysayers who want to regulate, here and there, there seems to be quite a bit of acceptance of BTC and cryptos, overall... or if we may NOT call that BTC acceptance, we may call it a growing governmental tolerance of BTC.... still considerable amount of confusion about BTC remains...   and likely there are going to be various kinds of regulations that may stifle BTC in various respects... and maybe causing some delays in the upward trajectory.. or cause some suppression of BTC prices.   

Who can predict details beyond various speculations to where this bad girl is gonna go and to give a specific timeline for such movements? .. ... I'm thinking the I should plan for the best, yet prepare for the worst.... a kind of hedging of bets...  Prepared to lose all that i have invested, but becoming increasingly confident that losing everything is becoming less and less likely....   NONETHELESS, I remain TOO chicken to go all into BTC..... though going all in would bring a greater chance of becoming BTC wealthy..

OK>>>>> I will bite... who are your sources?