While the bubble up to $266 ended in a horrific fireball of a crash, it gave Bitcoin a boat load of exposure. Some of that translated into growth. In a two month span, we had more new users to the forum, more google searches, more client downloads, coverage all over the world (plenty in China). The highs are getting lower, the lows are getting higher. We're finding some balance and things are starting to stabilize a little.

Anyone talking about $30-$40-$50 coins just wants to buy back in on the cheap. It's become wishful thinking by people on the sidelines with pockets full of fiat. I'm sorry they missed the boat, but you can always just go buy a ticket. It's a little more expensive then when you sold, but that's how it works sometimes.  

Everyone check their cereal for a decoder ring. We need to crack this code.

Aren't you the same retarded who posted this?

https://bitcointalk.org/index.php?topic=173558.msg1806423#msg1806423

At least now you're not using secret messages to make your predictions. Keep us updated on your car purchases though.

But the bottom has gone from $50, to $79, to $98. If the bubble is over, why can't we have an uptrend or growth on a more realistic scale?

This is probably THE place to discuss the devil. At least any conversation involving Fiat.

"Responsibility to the Responsible" - everyone must experience the consequences of his own actions—for good or ill.

Will be interesting to see where that money goes. Anything that helps the Bitcoin infrastructure is sorely needed. Great news.

Not to mention stability removes panic from the market. Volatility adds it. For someone to create this stability then try to dump the price doesn't make much sense. Lots of good news this week, more coming I'm sure, going to be hard to generate a lot of panic and crash the price. I'd be extremely surprised to see sub $100 this week.

The longer the price stays here, the harder it is to "dump". That's why you "pump" then "dump". You push the price up to a level where people believe it's higher then it should be. Making it easier to push back down (people panic sell, people take profit).

The bid side is well within normal ranges, when you factor in the low volume. Speaking of the volume, 150k coins traded is less then normal. I looked at the times the bid orders were placed, I don't see a spike in bid orders in a small timeframe.

I have my doubts the "stability n dump" strategy is going on, or would even work very well.

I find it interesting that the market suddenly got very stable a week before the conference. Seeing as Coinbase just got 5M, there's likely to be some VC money floating around. I'd imagine 10-30% swings in the price would be counterproductive to people trying to legitimize/sell BTC as a whole. All of the big players in Bitcoin stand to benefit from a nice stable price and it wouldn't be all that hard to artificially stabilize things. A single person is propping up LTC, so it's not like it would take some kind of elaborate scheme.

Trying to sell your idea, sell your business, partner with non-Bitcoin businesses, having the market drop 10-20% would generate some skeptical questions. Any news about the exchanges brings up questions about MtGox which I’m sure everyone at the conference would love to avoid.
A quick scan through the speakers, probably 60-100M of fiat tied up in BTC, they’ll make sure it survives the weekend. Along with 50k of BTC bids between $100-$117, people expecting good news from the conference, probably a bad time to dump 60-80k coins on the market driving it sub $100.

Makes sense for all the big players to keep it stable and makes sense for any big sell offs to wait for a conference bump. I don’t see it going down, if anything a few mini rallies leading up and from any good news. Next week, probably gets a little bumpy.  

Check his post history. He says that 5-6 times a day for the last 2 weeks. He sold and now wants back in at a lower price point. Just click ignore he's nothing more then a spammer.

Sweet Jesus it brings a tear to my eye to see weak bears leave.

That's like saying, “I used to invest $5,000 in BTC when it got me 65 coins, but now it only buys me 40 coins, that sucks!”. If you’re investing in BTC, that’s a good thing. It means they’re worth more. Lets say you take $10,000 to invest on NASDAQ. Hmm, Google, $880? Fuck that. Groupon, $6? Much better.  But wait, you could buy penny stocks and own 50,000 shares! Holy shit ballz!

BTC has been over $100 most of the last 2 months. People didn’t have a problem when we had plenty of volatility. People don’t like it now, because woops, the volatility didn’t bail you out. So you’re faced with buying back at a higher price point and having fewer coins. Then you’d have to deal with the realization you shouldn’t have sold. Instead of facing that fact, you’d rather go trade another Cryptocoin. I could use $5000 to buy 44 BTC, or I could buy 1,500 Litecoins! FUCK YAH IMMA MAKE IT RAIN LITECOINS!

If that 44 vs 1,500 makes it look like a better deal, heading to litecoins is probably a good idea. However I’d suggest instead of $5,000, drop your investment pool down to like $5. Emotionally that’s a much easier number to deal with when trading.

This is how I imagine weak bears moving to other markets to trade because triple digit BTC rocks their world.

We were at $165 post crash.

So the biggest risk to the market is everyone who bought in at $200-$260, who are just waiting to dump everything and exit? So wait, they rode out the biggest BTC crash in history, wait 3 months, just to sell at a loss when the price is getting back up to where they bought in? That seems like poor financial planning.

They dump coins, leave the market, people buy them up, it's not really that big of a deal. It's been going on daily for the last 2 months.

People are quick to dismiss the run to 266 as a bubble. Which is was. However the exposure, Bitcoin press, spike in searches, downloads, growth globally, lots of very positive side affects. The old saying that there's no such thing as bad publicity, turned out to be true for Bitcoin. While you can discount the rapid price surge up to 266, a lot of legitimate value was indeed created. Whether that's 5%, %15, 30%, that's up for debate.

Take our growth line, add in a bump for the 266 bubble, landing at $105-$125 sounds about right. Days of sideways action. Where's the panic sellers? Where's the panic buyers? Panic has left the building. The people on the sidelines are praying for a crash so they can jump back in. When a bubble collapses, people flee the market. You have panic selling. We had an epic crash. The idea that people are "slowly" fleeing the market and "slowly" panic selling and that it's just an extended collapse is turning into a bad punchline. The only people left saying that are people trying to get back in at a discount.

Highs are getting lower. Lows are getting higher. And we're settling down right on top of our historical growth line. That crazy market, it knew the truth the entire time.

Agreed. It was a bumpy road, but I'm glad we're finally here. 

He seems to recover very quickly and start riding again. So yeah, pretty accurate.  

*lol* Truer words were never spoken.

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.

The problem is, they're all at $40-$60-$80 hoping for cheap coins. As Goat has said, it's not until $125 where people will let go of the notion cheap coins are just around the corner. Once sub-$100 isn't likely in the short term, those people will buy back in and we should have a nice rally. But for now they're sitting on the sideline praying to whatever pagan God causes markets to crash.

Edit: And in a volatile market, periods of sideways action are generally considered bullish. While boring, it's good for the market and Bitcoin.