Well.. that went down quickly.

I think.. After current pump and dump scheme we will drop slightly below 200 and enter a slippery slope again towards 160-130 for the foreseeable future.

Hahaha good thing i didn't warn anyone about this huh? Roflmao

Sheer fact that it's going up way too fast again is a near perfect indicator of a very big crash.

If it would gradually rise to 500-600 range again and stay there for a significant time i could be changing my view, for now this just looks like a pump and dump and a major crash event is building.

Don't worry, within a few days this thing will come crashing down 10x harder than it went up.

Lol this is hilarious look at you guys... biggest pump and dump ever playing out and you're holding a party for your future losses?

Which will never happen. No investor with a SaneBrain would even consider investing in outdated unscaleable technology.

Very representative of society.

Most people that i know don't care about bitcoin, worse,  they laugh at it and make jokes about anyone involved.
Not saying this is representative but at least i have a bigger sample size.

"... and the person who set it up committed suicide."

If anything, this short quote perfectly represents what Monckton is all about.
A lot of nonsense and sophistry about things he heard or read somewhere, or in his words "peer-reviewed" (where he seems to not know the meaning of that term...).

Sure he makes some good arguments here and there (don't we all?), but that's not his original and/or intelligent perspective on things, that's hear and repeat.

[offtopic]
@iCEBREAKER
Would you agree that atmospheric CO2 levels correlate directly to global temperature?
If so i'd love to get some feedback on this short visualization https://www.youtube.com/watch?v=bbgUE04Y-Xg
[/offtopic]

Well... that didn't last long... xD
Hope you guys sold at the top.

I doubt it. It will look totally ridiculous.

The greeks have other priorities than buying funny internet money right now.
Even if they wanted to, most of them couldn't.

Plus bitcoin couldn't even scale if the greeks were to start using it for real.

One of the major problems why bitcoin fundamentally can't work or be worth the thousands of dollars you all imagine it to be. It's built into the protocol.

You can point out that bitcoin will keep on crashing all you want. These people will just ignore smart investing and lose more money all the way to zero.
At least your chart clearly shows the downtrend is still strong.

Lol fallling wasn't wrong at all. Look how badly bitcoin is struggling to stay even above $250.  That price isn't even remotely reasonable if bitcoin was succesful.

A few people pumping it and everybody becomes hype again, meanwhile people are panicselling their bags to new bagholders.

You don't have to take my word for it, just look at the chart..

What can i say...

i'd say i recommended or talked about bitcoin to roughly 30 friends, of which half has a technical/IT background, only 1 accepted the idea and is using it. Others are just complaining how it's overpriced and dumb to buy something so overpriced and without 'real' value.