A real whale.

Just pray for him cashing out slowly and gently, he controls almost 1% of the coins that will EVER exist.

This made me LOL so fucking hard i almost peed my pants.

Funny, I wrote this before seeing the ATH. Fasten your seal bets gents.

We can finally agree that 2013 is no 2011?

In other news, I hope Risto tell us when he will hit the stop loss button and buy back.

Not for long.

They did already decide that we would have seen $300k by this year, and we all know how that played out so far

While $300k per coin in such a short time frame is plain and simply delusional (neither the infrastructure nor human psychology can support that kind of flash-growth), calling a bear market now is quite a risky move too. I'd say the truth is definitely in the middle: we won't see $300k per coin in the next few months, but we won't see either a bear market now that BTC has really attracted the interest of the real pro speculators and finance world.

This is no 2011, and the reason is simple: this time big money wants in, for real.

This thread looks very oversold, do we agree on that?

Nonsense. Gold is "expensive" too, but still people buys it and use the denomination it best suits them.

I was one of the "we need exchanges to switch to mBTC" crew when I entered this game and I saw the rise from single digits to $266. Then I realized it's nonsense. People will naturally move to mBTC when it's convenient to price things in mBTC. The recurrent topic "we need to swith to mBTC" (really, search these forums: it's recurrent indeed) it's usually started by newcomers, and the only reasoning behind this demand is "because people will feel the coins are cheaper and they will buy more".

Having gone through that I can now say that it is a sentiment linked to having witnessed the price raising very quickly one or more orders of magnitude. We just cannot  accept that people will keep buying these "expensive" coins that grew in price so fast and so much...

But they will. Believe me.

I was just trying to troll a bit and be a contrarian Blitz, but I guess you are right and I'm spamming to much nonsense, sorry for that.

Poor bears....

Better buy back at a loss now.

LOL

this has been said forever.

BTC went up SO quick since its inception, that it always has been "too expensive" for everybody that does not understand that it definitely has the potential to go to +$100k per coin.

In 2012 and early-Jan 2013, $12 was "too expensive" because its price was $2 a few months before

In Summer 2013, when the bubble popped, $100 was "too expensive" because the price was $12 just a few months before

Now, $800 is "too expensive" because the price was $130 a few weeks ago.

WAKE UP, the "problem" is how fast it grows, "expensive" is a RELATIVE and not an absolute term. Your family thinks its TOO EXPENSIVE because they know it went up many orders of magnitude very quickly, and thus they automatically assume now its "expensive". Switching to mBTC won't fix that. To fix that you need to educate them so they understand what BTC could mean in the future.

Well, is not going down neither - in fact it went up since you sold your coins.

it looks like people has learnt nothing by the massive fuck up organized by the OP.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

You have to explain us how you did it because there is currently a 10 units limit per customer, at least for me (I tried too).

And when do you expect to get them?

That q1/q2 thing is really killing me. A 6 months time-window seem a tad too much for me.

Freebird, your point is valid from a certain point of view, because perception matters indeed - but you need to realize that this talk has been going on sice we first broke $10. At $10, a lot of people said that "internet magic money" that costed $10 "felt too expensive", as we just hit a psychological barrier - so the denomination should change to allow further growth. Same thing happened at $100, just use the seatch function on this forum: you will find many many posts as yours written when we hit $100, and those posts said that $100 was definitely a psychological barrier and "nobody" was going to want to buy a virtual coin for 100 hard earned dollars.

Well.... What happened then?

While I think that the psychological factor has its importance, I'm pretty sure that you are overestimating that importance. Denomination really needs to be something based on convenience - people will naturally switch to mBTC because it will be much more convenient to price items in mBTC... But there's really no need for exchanges to list the price in mBTC, that "psychological barrier" is something that noobs feel when they bought in recently and saw how fast the price rised, so they think that the denomination need to change for the people to keep buying... And that's just a fallacy that has been refuted by history.

What its not serious is to say that there is a lack of bids $700+ when he is an old timer and perfectly knows that having +30% of the total bids concentrated in the spread between $850 and $700 (which is LESS than a 20% spread) is extremely bullish and quite uncommon in the BTC market.

If you look at the depth we had months ago, usually 50% of the bids were 50% below the price - now only 25% are below 50% of the current price, and 75% are above.

This is one of the most bullish market depth scenarios we have seen in BTC, ever.

Always bank, getting rid of your BTC has historically been a mistake.

Guys, you are already paying the miners... But really, what's the delivery date? Q1/Q2? So you are signing up to a miner that could be delivered in June (Q2) and be ok with it? Or am I missing something?

Agreed that Gox has historically been the most trustworthy Exchange - but this does not change the fact that they are extremely illiquid and the situation is not improving... Occam's would say that they are running out of cash, which doesn't mean they are scammers - but is a call for problems.

BTW: Bitstamp has been pretty reliable too since August 2011. That's quite something in Bitcoin-land.