No one knows if a bubble is coming this year. it will be late Lol. Two conflicting statements, both intended to piss off holders. Troll. With that said, I still have some hope that there may be a bubble, but it will be late.
Do you have trouble w/ reading comprehension or are you just stupid? no dude it's just you you're stupid |
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Pretty sure I have more btc than you little padawan
nobody believes you, non believer |
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Trusting GHash not to double-spend is like trusting your government not to print more money  |
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Dafar? More like JAFAR!!
GTFO non-believer
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This announcement will likely be the main catalyst for our next bubble.
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I wish TERA would make another illustrated prediction so we can add it to our collections of Goofy Forecasts  |
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Wow. It does look like a valid repeating patterns.
What could be the catalyst? Paypal acceptance? Silkroad coin sold out? ETF?
See below... |
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I could use the RSI to point out some really bearish things too. I'll make a thread on that later.
You're such a giant Bitcoin bear that it makes me wonder why you're ever on these forums. It's one thing to be skeptical or to see/know that there will indeed be bad days for bitcoin (and any other potential investment or hobby out there), but I haven't ever noticed 1 hopeful or positive comment about bitcoin from you ever. Now I haven't gone through and looked at all your posting history, so there may be some in there somewhere, but I'd wager that they are few and far between. With that being said, is bitcoin an investment to you? A hobby? An Interest? And if it is of any interest to you at all, why is it always in a negative light? Do you hate all of your hobbies? I'm not raging on you or anything, just very curious as to your continued negativity and yet persistent activity in regards in bitcoin. I'm not a bear.... You were strongly bearish at $450, $425, $400...and you are bearish now. When is the last time you were strongly Bullish? (medium to short-term) TERA? NEVER The rise of 2013 was much higher than the rise of 2012. Some people keep speaking of the obvious "line" on the log chart. However I am having trouble finding this line and in fact I can draw several lines which would allow btc to go much lower than it is now before going up again. I have plotted a couple for reference.  The low volume and the lack of significant bid depth on mtgox that continues to fail to fill in above 125 seems to confirm my suspicion that it isn't ready to go higher at this point. I think this ordeal with the bid depth was an inflection point for this Jul-Aug rally. My new view of the market:  I wouldn't be suprised to see flat for an entire year. |
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Note that comparative publicized volume is no longer a valid measure of activity post-MtGox for a combination of several reasons:
1. Scams, hacks, insolvencies... The volume coming through public exchanges are a fraction of what they were in the past due to loss of public trust. Even now, Bitstamp with its impossible KYC/AML procedure is being put to the question of whether it is solvent or not.
2. With the advent of services like BitPay and Coinbase, many merchants and customers are finding themselves off-chain.
3. Bitcoin has gotten way more expensive, each bitcoin transacted represent a lot more value now. My observation is that though the volume in terms of BTC has gone down, the aggregate value transacted has gone up.
Bottom line: Don't put too much weight in volume.
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The only thing I'm watching now is how the community respond to the 51% attack (yes, it is an attack). This will determine the fate of bitcoin in my eyes.
All things China and Silk Road are sideshows at this point.
If you have proof of a real and successful 51% attack, please post it, or a link to it. Until then, it's just a remote possibility. If the attack were real, we would see the price entering a death spiral. A 51% attack in my book is when a single entity achieves 51% of the network's security. This isn't even about malicious intention, this is about the vulnerability of the protocol itself. But then again it is about malicious intention... repeat after me: GHash.io has already double-spent
GHash.io has already double-spent
GHash.io has already double-spent |
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The only thing I'm watching now is how the community respond to the 51% attack (yes, it is an attack). This will determine the fate of bitcoin in my eyes.
All things China and Silk Road are sideshows at this point.
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At this point, I would take ten China bans over the 51% damage miners have inflicted upon themselves.
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There was a $620 rebound on Bitfinex several hours ago.  |
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Most obvious factor is GHash.  |
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My most conservative projection:  We're due for a margin cleaner IMO |
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