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I'm willing to bet a large chunk of Cypriots interested in moving money out of the country are already in another country themselves. North and East London have massive Cypriot communities, most of them with local businesses and hence money in the 'old country'.
Also, Geo-locating IPs is becoming less reliable as IP4 addresses dry up.
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The No.1 sh*ttiest article about Bitcoin appeared yesterday. The author starts off thinking Bitcoin is a bizarre payment system and only learns as he is writing it that it is a currency first and foremost. Then he boasts about being an expert programmer. Read it if you can stomach it...
Ow, that was so badly written regardless of any validity of his claims. His English hurts my brain. "Bust" our bubble WTF? |
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The Internet is a part of the "real world"  That's what I keep trying to tell people but they won't listen! |
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I actually recently recommended this to all my friends and family. Just buy 1, and then sit on it for several years. So far as I know no one took my advice.  Snap! I've been telling them to buy since $30. Just one sodding Bitcoin. No interest. |
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Yes it is quiet, people are probably out in the "real world" doing "real stuff" whatever that is  Consider also that a lot of new Bitcoin owners are less nerdy than the old-guard and won't be checking the price all the time. I quite like these sideways movements with a few minutes of less than 1% volatility. If this ever makes it big time that is the kind of deviation in price you can expect over a whole day at most. Until then, a bunch of dogs chasing a football is bound to be the kind of action we'll observe  |
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You forgot the parabolic one  My uneducated guess would be a straight line that's a mix of the two upper ones, which would go to around mid 2014 early 2015 until it goes parabolic and we'll see 10000$ bitcoins by 2016 *Crossing fingers* :b Yep. My thinking is the middle line would provide a very good return compared to stocks and might be the general direction it heads allowing for flash crashes and cashouts. I'd be happy with that - anything above that would be life-changing |
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 Larger version here: http://tonycoleby.com/shared/bitcoin-april2013-3trends.pngQuick projection of what I see as the 3 major trends of Bitcoin so far this year and their projections over 2 years (or less in the extremely bullish case). Merely a visualisation exercise - I'm no expert, I just did this for my own benefit and thought I'd share. Of course the fact that we've seen 3 different large trends since December show the flaw in trying to project them, and the last trend has been exponential growth and not linear and and and, bubble, slowing of growth etc. Do you what you like with it |
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A bubble pops. It doesn't reform almost immediately.
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* and the vindictive glee of some bears. They seem to have gone quiet again now though!
This. |
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If I wasn't all-in I'd put in a buy at 76.30...
Note to self: listen to your own advice... |
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 Looks like an easy climb back to $90. |
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THIS JUST IN: The hamster that replaced the hamster that ran the MtGox servers is also dead. Hamsters from remote regions of France are being flown in as we speak.
Hopefully by the time they arrive, the lag will have dissolved. Or they could have arrived 7 minutes ago for all we know... |
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 Seriously? Is everyone seeing this lag? |
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The lag on MtGox was just 422 secs! It's really not up to the task  |
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If I wasn't all-in I'd put in a buy at 76.30.
Let it bounce - it's overdue.
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It's dumpin' time.
Sorry - posting at the same time but yes, same price, same sentiment :p
What's this about? Sorry I screwed up the quote, edited now :p |
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It's dumpin' time.
Sorry - posting at the same time but yes, same price, same sentiment :p |
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 Looks like the bears have gone to shit in the woods. Bye bears. See you after Easter. |
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The linear projection (Jan and Feb of this year) ignoring the exponential growth since the start of March suggests (to me at least) a target of around $300-$400 in 2 years time.
How bearish! If Bitcoin only gets to $400 by 2015 I would be deeply disappointed. I am aware of the massive risk of sounding incredibly silly in case Bitcoin somehow doesn't make it, but currently I would say the chance of that happening is well below 10%. If Bitcoin does succeed though, a total value of all coins of $5 billion is insignificant. We will reach that point much sooner. Haha, yes I suppose on this thread it makes me a bear, definitely not a bear troll though Seriously, I've made (and lost) large sums before, I will consider that a "win". |
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I'm fairly new here and haven't fed the troll so I shan't just yet :p
However: I believe there will be NO 'crash' to zero. I myself would buy up as much as I could lay my hands on long before that, I'm sure there are tens of thousands of others who would do the same.
Also, looking at the wall (as much as this thread is about just that) is becoming less reliable. I'm simply all-in with no stop-loss. I don't need the money I have invested in BTC right now and am happy to let it bounce from whatever bottom it may find itself at back to whatever the market value is.
You simply cannot compare Bitcoin now with what it was in previous years, it has become something else. The highs and lows we've seen recently are a big indicator of how people are playing this market now. Ignore the actual numbers and see the general psychology of the market behind them.
The linear projection (Jan and Feb of this year) ignoring the exponential growth since the start of March suggests (to me at least) a target of around $300-$400 in 2 years time. This is the current underlying trend on top of which the exponential growth is happening, this is the only trendline I'm looking in detail at the moment.
I will of course take anything above this as a bonus.
Take all of this with a pinch of salt of course, I don't profess to be anything other than an interested partaker in the saga of the Bitcoin!
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