No reason to believe anything this guy says.

Anyone who publicly shows off about their money and influence can usually be safely ignored.

"I have an NYT journalist"..? Bullshit.

That sends the cost of mining BTC up, as the supply rate does not change.

More people will be invested in ASIC, will barely be able to break even, and will want good prices for their BTC.

Yes we will hit $1000.

Don't confuse cause and effect here...

Cause: people rushing to buy

Effect: mt gox lags and the price drops as buyers can't put in effective bids.

Why does everyone keep yammering on about $30? The train has left that station long ago.

Now (the pull-back) looks like a great time to buy.

Unless you need to realise profits, selling more than a fraction of your holdings is risky and a bit pointless.

But ultimately you've got to thank the day traders. Their sold bitcoins are in my wallet now.

Zyphus and inbox (who appear to be the same poster), posted a bunch of false stories with misinformation. A few posts in this thread were deleted as a result.

A few people have mentioned in other threads that they are constructing sell walls for the sole purpose of preventing a price hike. Whether this is di*k-waving or not, I don't know... but they think they are doing us all a favour by suppressing prices. I've seen a few attempted break-outs by the bulls. Eventually the capital in the sell walls will be gone.

At least it's easy to keep buying these days...

The triangles correspond to two completely unrelated events.

Fundamentally you're looking at two strong rebounds followed by a calm market that is trying to break through but is held back by an artificially manipulated selling wall.

"Serious Correction"? there's nothing magic about a triangle; you can't divorce the charts from the fundamentals.

There won't be a big sell-off. I'm still expecting a breakthrough to $50 once the "sell-wallers" realise that -- actually -- a manipulated market is far less appealing to investors than a naturally volatile one.

Agree. A lot of discussions along these lines already in the speculation sub-forum.

The demand for btc is very strong. The chain fork occurring right after an all-time high just provided a great opportunity for more to buy in.

$ is about to drop further. :-)

Thanks, I'm keen to buy, but it's a birthday present, so I'll have to think about it...

Hi,

I'm in China and was considering doing the same thing... glad to see you are proceeding. I often visit your site.

On your above point, you want people to trust you. Copying other businesses' names is a really scummy thing to do. Yes, it's not illegal in China, and lots of companies do it. But that doesn't make it right. Your customers are web-savvy and won't like you copying names or likenesses.

Stand on your own two feet and show the world you can compete properly, not on the shoulders of others.

Hi,

I'd be interested, sounds good... but, a few questions:

- Why are these so much cheaper than the casascius website? What's your relationship there?
- Can you do any gift wrapping? If not, what does the package look like?

Zyphus, just so you know -- I reported your original post to a moderator, as it was a lie.

The aim wasn't censorship, it was because you were trying to spread panic with lies.

Check out the rules for that forum -- anything goes, apart from that.

J

This is just random fear-mongering.

Right now, people in China will buy bitcoins on Mt Gox at any price, because they can reliably sell them in China for a profit. If there are any locals looking to dump coins, they sure as hell won't do it on Gox, when they can make a much higher margin elsewhere.

BitCoin is just beginning to get traction now in China, beginning to make a big splash on Weibo. It is only natural that there is more interest.

Of course there are occasional spikes -- the bloody ASICs are being built here. People are beginning to have a vested interest in the Bitcoin economy.

All of these three facts are *good* things, *positive* signs.

Look, you may have made some sort of ridiculous short gamble somewhere, but your first lesson will be sucking it up and moving on.

You mean, you posted some lies and fabricated links?

Stop it!

If you've got nothing to lose, stop fabricating stories. I read the Chinese sites too, so you'll have to do better than that.

Yep, that's the way to make money.  

Zyphus, I'm a member on that site, and that link is fabricated -- a phpBB link with crap appended.

Random asinine speculation with no basis seems to be fine here, but I'm pretty sure that outright lies are disallowed.

If people bought in recently, at relative highs (and it looks like a great many have done), why would they be weak hands? Newbies != idiots. If you buy in high, you sure as hell don't sell low. I don't think you give people enough credit.

^This. Money inbound to Mt Gox.