Did you forget the < $20 to $266 run up that caused the first part of the crash?...You know, when it was growing exponentially and at an insane rate? Do you really not see how following the same pattern would lead to disaster? Really?

You know, being snarky (and pretending not to get my point) doesn't change the reality of the situation.  

Almost doubling in value in less than 2 days isn't exactly inspiring confidence in me right now either.

That would take money off the table that would be better spent buying back into BTC when the price is low enough. The money I have on the exchanges is reserved for trading only, for now (though I have made BTC purchases in the past). I havent moved any USD into the system since my first buy in back in 2011, and I dont plan on moving anymore in now.  

Eventually (once I get bored with BTC), I plan on cashing out into precious metals so I have a momento of my BTC adventures, though.

Uh-huh.

No... you are right, its not possible...BTC price can only go up, uP, UP! Right?  $10,000 coins by tomorrow!!!!  We are all going to be millionaires!!!!


Don't delude yourself, it is entirely possible. If you don't realize that, you are going to be the one left holding the bag. You may think you are a bull, but you aren't.

That's a very big assumption. This bubble may not be done popping, and who knows where it will rest. It is very possible that we will end up with a lower low than 2011.

Its not predicting the crash, though it is mapping how the crash will likely play out (which is amazingly similar to every single speculative bubble graph you see, regardless of investment vehicle).

The run up from < $20 to $266 dollars in less than 4 months is what predicted the crash.  

Well, that would make BTC great for a speculative investment tool, but shitty for a currency or any kind store of value. If BTC is soley a speculative tool, it will not last very long.

My prediction: There are going to be a lot of people who'll wished they'd locked in profits now, because the pigs are going to get slaughtered (again).

To be fair, bear and bull are only outlooks on the current market....not underlying philosophies like people here seem to think.  

When the price was low, I was a bull...at current prices I am a bear. If we hit singles or low double digits, I am likely going to be bullish again. It's not flip-flopping, it's reacting the the market. No one should be a bull or bear all the time (unless they plan on being broke).

Just a side note, a vast majority of the people around here that call themselves bulls are actually pigs.

Stolen from another thread:



There is still money to be made on the upside potentially, but I think the second part of the crash (the second hill on the first graph, or on that speculative bubble graph that get posted here all the time) is coming.

Yup.

Drugs and porn don't justify why the current price is so high...you could buy drugs and porn with btc a couple years ago.

Yeah, bitcoin is well on its way to mainstream acceptance...In fact, I was going to buy gas, groceries, rent, car payment, any basic neccesity of life, drugs, porn, and trinkets with my BTC today!  I guess, I'll just hold onto them though, because the price can only go up,uP,UP!  

Dont fool yourself, this price is only justified by rampant speculation, not because metart or whoever decided to accept BTC.

Current exchange rate is...< a 1 hour tattoo session from me.

Investor confidence seems to be back on the rise, and some people are saying the bottom is in...I don't buy it for a second; I think its just the calm before the storm.

However, if I am wrong, and we start to bubble up again, I think the results will be catastrophic.

Neither situation is good for BTC, IMO...but I think another bubble would be much worse.

Not to add another derail, but sex/gender isn't binary either.

Yes, xx is female, and xy is male; but what about people that carry xxy chromosomes (Klinefelter syndrome), or xxx (triple x syndrome), or xyy (xyy syndrome), or just x without a second pair (turner syndrome), or any other gender identifying chromosome anomaly?  What would you classify them as?  What about people with both xx and xy chromosomes (hermaphrodite/intersex)? Physically they carry both male and female sexual organs, and genetically they are both male and female at the same time.

Sex and gender is not solely defined by male and female.

Nope. Physical characteristics mean nothing, and aren't limited by race. If a black man and white woman have a baby, and that baby comes out with fair (white) skin, freckles, and straight red hair, etc...  does that mean that kids is "white"? Does the lack of any "black" physical characteristics negate that part of his ancestry? No. Physical characteristics are fuzzy; there are no solid lines between the races.   


Bullshit. We are all originally of african decent (Mitachondrial DNA evidence proves this), and people of different races have been fucking each other before africa and asia were "a thing". Put down "mien kampf" and pick up a science book, asshole.
 

50.21

You're either intentionally missing the point, or are increadibly dumb. Right now, I think its a toss up.


Of course there are differences between people and those differences are heritable. But there is no "Black" gene, just like there is no "white" gene, or "asian" gene, or so on. Race is an outdated social construct where people try to group others based on a set of fuzzy traits that don't reflect genetic realty.

If race exists, show me the genetic marker that divides white people and black people. Show me the gene that makes you asian or arab.