I am still waiting for someone to say "permanently high plateau".....

LOL, pathetic bearish trolls patting each other's back to get a bit of comfort.

The Chinese Gov may crackdown on Bitcoin purchase, but look at how well did that work out with the VPN fire-wall trespassing industry, which they have been waging a war against for years? The Taobao merchants could simply change the names of the virtual goods for sale to whatever that can elude the authorities, as long as you can't shutdown Taobao(which is impossible because it's solely responsible for the creation of tens of millions of jobs), I predict we will see an army of Bitcoin selling agents willing to take over the job of exchanges in China.

They can put on monetary control has well, but they have also cracked down on "illegal fund-raising" for years, even meting out death penalties sometimes, but the usury business is as prosperous as well,  investors in China are just desperate for investment options, not to say practically anyone with power in this nation can be bribed.

The commies may eventually be successful in shutting down mining operations or blocking their connection with the network at large, it will have hardly any influence on how Chinese purchase Bitcoins. And it's entirely workable to just outsource the mining work to the legions of Chinese living overseas.

It's difficult to get USD into Russia.

I argue exactly against the original author: you indeed can't buy some goods in USD which you can buy in Bitcoin. There are a lot of things you want which are simply not available locally in a nation, and it's a well known fact that global corporations price their products vastly different in different nations, in combination with a freight forwarder, Bitcoin avails you to buy things you couldn't buy, this is not just a theoretical possibility, it's something immediately practicable after a bit of investigation.

That  is pure fantasy disguised as truth, I can't buy most goods sold in China with U.S currency, your visa/master cards just don't work there, and vice versa. While with bitcoins, I can signup and charge any local payment system as long as there are local people willing to exchange for bitcoins.

After reading this thread I conclude that we have two kinds of speculators here: bulls, and ultrabulls.

If you are even as careless as someone who leaves his real-name E-mail address on a public website, then yes....

The U.S Constitution has historically worked generally well, but people living 200 years ago can't just predict everything, when it comes to Bitcoin it is starting to show signs of failure at least.(I am talking about U.S Constitution because it has been long considered to be the model of constitutions, but the conclusion should apply in many other nations as well)

The election system is based on the assumption that people with a common local interest, be they live in the same county or state, could send a delegate to the national or local Congress, elect local administrators, who will create and promulgate laws that reflect the influence of such local interests. Everything you seriously care about is supposed to happen locally, you can always try to find some local people who share a particular concern, and those who want to get elected may try to get your votes by promising to address him to your concern once he is elected, democracy is thus accomplished.

But now is the age of the internet, we form communities online, it's entirely possible that many people share more common interests with those in the same online community, than their neighbours. Yet this was out of the scope of the U.S Constitution:the number of a online community could be as much as the population of a state, but at the same time have little influence whatsoever on the government policies because without geographical concentration their votes simply don't matter. This wasn't an issue in the beginning, as the majority of people use internet for obtaining information and to procure services from particular internet companies, any issue originating from such uses of internet are unlikely to turn political, as long as the freedom of speech is protected and there is enough market competition, if Google screws up their customers, one competitor will raise to replace it, hardly anything to do with the government.

The decentralized P2P distribution network and BitTorrent changed things a bit, record and movie industries have got big backings, the "anti-priacy" issue didn't become part of local political debates for many years, which gives the industries' agents in the Hill much leeway to push through some very harsh bills to go after the supposed "pirates". The sheer number of "pirated" music users is too large (who doesn't like free music anyway?) however, eventually, some of the harshest measures are not implemented(SOPA, PIPA, etc).

Bitcoin is something entirely different. It's a direct challenge to the long taking for granted government monopoly on currency, and the whole financial industry backing it, yet on the hand there is very little chance for Bitcoin supporters to change the system from inisde: we are entirely linked together by the internet, geographically sparse and far apart, many of us remain anonymous, our votes simply don't count, I am expecting a uphill battle to be fought against the government/governments, if we win over them in the end, it would be a entirely new way for people to approach the governments.

To stall the market for a while, the down volume should at least be larger than the daily up volume of the previous run-up, now it's only at around 50%.....I expect at least 100K BTCs, so far there has been no more than 20K.

In my three years following this market I have never seen such a unimpressive dump, period.

For something started at $0, yet immensely useful, of course!

Had Google/Facebook/Twitter's IPO prices being $0, we would have seen the same kind of crazy ride, just much more volatile.

The banks are doing everything to hit their own feet, a really effective way to kill bitcoin would have been improving the speed they process their transactions, rendering Bitcoin's advantages useless, instead they have been trying to block fiat transfers more arbitrarily.

Like...for the last 5 years?

BTCChina is not down in China, the only place matters.

Come out, all broken clocks, it's the day of your life!

Test with a Chinese and a UK IP, both working.

If this is all that the bears can achieve on a SUnday, I could say our hope of buying more at a cheaper price is pretty dim.

I haven't really read his book, but the leftist side seems to dislike him a lot for his supposedly "imperialistic" views.

Oh yeah, Satoshi should really have started an IPO and sold Bitcoins at an initial price of $45/BTC, like what Twitter just did, he shouldn't have allowed the early adopters to get them nearly for free, right.

Large DD=lots of coins which have been put in cold storage are being moved=something big about to happen.