I can sympathize, I've fallen to similar nonsense in 2011. The news don't matter, even the china hype was there back then, nothing ever came of it.
Also, I don't see it crashing, it's actually looking like the bears are rather weak in contrast to bulls atm. I'm more betting on a long, slow slide with occasional bull traps/false signals.
I was hoping for a quick crash, but the damn bulls keep coming back... Slow and horrible down slide it is.  |
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What an incredible rally this was. Moved back to $104 with a powerful volume of ~5k coins. I can feel the bullish market.  |
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we should stop metioning "Bitcoin" in the media and instead using "x-bit" as currency:
XBT is the semi-official abbreviation of bitcoin (check xe.com)
BTC is the semi-official abbreviation of Bitcoin. Check everywhere else. and to solve the problem of buying fractional bitcoins, we should use 1 BTC = 1000000 XBT
No, we should use the metric system. 1 BTC = 1000 mBTC |
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Well well well... sellers are back. Edit: and gone again.  |
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While I'm still in bear mode, I would gladly welcome a return to an upward trend.
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What grows faster than 1000% per year?
Puts in the stock market for the coming months.  Yes maybe, I see a major bull developing there... but not 1000%, plus most of the yearly gains have been had already, so you need to look somewhere else for this year. You understood the complete reverse of what I was trying to say... https://en.wikipedia.org/wiki/Put_option |
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4.5k wall on $100. My guess is it's mostly a single order. Anyone wants to test it?  |
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Eh, I might have developed a hype resistance after too much exposure.
I need a withdrawal period.
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Just FYI, the Financial Times is one of the world's leading business news and information organisations. Your grandma might not have heard of it, but anyone with money or influence has, which is why this might be a good thing for Bitcoin (so far I think it's fair to say the FT has been negative on Bitcoin, but it's only a matter of time). http://en.wikipedia.org/wiki/Financial_TimesOh, and The Economist is 50% owned by the FT. Again, how many do you think will "discover" Bitcoin with FT? If they have money and influence, my guess is that they already know what it is. |
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This recent talk made me think - how many of people in this topic, who hold BTC are at loss from their average entry point?
i would imagine very few people are sitting on a loss So it's after majority will sit on loss we will be finished with the bubble  yes and gold will drop to 100$ an oz for the same reasons Meh, I'm waiting for ~$300 before buying back gold  |
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So how long before the price manipulators start selling? Next couple of hours, right? This time he will pump the price upward, just to surprise us and make maximum profit. |
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 You mean Financial Times might get more publicity from US? Or their "magazine" weekly edition. You do know what FT is, right? Nope, never saw it before. Which is my point. While Bitcoin has been constantly on Techcrunch, Hacker News, Bloomberg, Yahoo Finance, The Economist, Forbes, Mises Institute, 4chan, Radio ads, and national TV news in many countries. Oh, and special 30 minutes reports on China's national TV. My coworkers and my parents' coworkers have heard of Bitcoin. Even my grandparents heard of Bitcoin! We aren't a year ago anymore... How much readers are now seeing FT through this forum, reddit, or other affiliated Bitcoin platforms, compared to the number of readers who are just discovering Bitcoin with FT? |
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What grows faster than 1000% per year?
Puts in the stock market for the coming months. |
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Like I said, you are just trading potential profits for risk management.
Nothing wrong with that, but that's not a "superior" method either.
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I'm happy to see that even with all the "bearish" talk, most of you still have your BTCs. This means we can go much, much lower. |
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This is a funny thing... capital gain tax on a number (private key). I wonder when they will tax the alphabet.  |
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How do you deal with capital gains? Ignore it?
I would have some... but I lost most of my private keys in an unfortunate boat accident. Also, not everyone lives in the US. Some have special retirement accounts protected from taxation. Other can deduct borrowed money when it's paid back. I might have earned them with my business which accept Bitcoin and paid income tax then. Really, taxation is a complicated game. And as usual, those with the less money are those who will pay more. |
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Oh wait, no... I think I have some Bitbills laying around. I just don't want to destroy them to get the private keys. |
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i bought again Again I'll ask: Are you all in yet? I think the more interesting question is, are you all out? Sure I am. I even short when I can. Yesterday made me a nice profit. As Proudhon would say, 2011 profoundly changed me. |
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