And it's back!
The very few bulls still left can't fight the massive selling pressure anymore, we'll continue this slippery slope for a few weeks i think (-3% to -5% daily) until the pressure is too much they can't even reduce the decline to that level and it will plummet towards $100 within minutes to stay there for at least 2-3 months.

We will be under $100 way before 1st of July..
Pressure is building up really strong.. upcoming crash is going to be devastating.

Yea i fail totally.. being right about this thing sinking hard all along...
We are dropping a steady 3-4% per day and it's only accelerating.
The past few days have clearly shown there isn't even a small chance of recovery.

Drug addicts are bad, but bitcoiners are a whole new level of denial and cognitive dissonance.

Stop trying to put the blame on somebody or find excuses.
It's simple. Nobody wants to use bitcoin, it got exposed as a ponzi scheme and now people are panicking to get rid of their new crypto beanie babies.

There is no use for bitcoin, it is flawed in pretty much every technical and economical aspect, it has no real value. THAT is why it's crashing, not because of some sophisticated reason.

lol no it's not, pay attention to the charts.
Support is already extremely low and getting noticeably lower by the hour.
This 'support' is both fake and not enough to hold back all the incoming dumps.
We will see sub 100 within weeks now.

You heard it here first.
There is some serious panic going on in relevant channels.
You want to get out at this point, maybe get back in slightly under 200 for a small bounce.

Ok, jokes are over.

Analyzing the charts and order books today i noticed how we will fall straight down to $160 if we break $230.
Chances are around 93% that we break $230 within the upcoming 2 week period.

This will be the start of the crash I've been talking about! Fasten your seat belts for the drop of your or get out while you can!

Very interesting. I didn't expect this bounce so quickly
$250 already and going strong!..

Now that we've hit the 2 month low. The price will rally back up to 245!

Happy April fools day!

It doesn't take much to cause the price to go up, that's true, the concept remains great and its highly undervalued for that specially on a global economic scale. Problem is people don't care for that, they care for beer and football. Oh yea and many dollars to get that latest big 4d vision TV.
The people are the biggest obstacle to bitcoins success on several levels.


Not much seems to be going on to spread the idea of bitcoin by current bitcoiners either. Possibly because it sounds like a ponzi to most people when you tell them about it.

Yes, bitcoiners vare very smart, losing money every day.
If you think bitcoiners are here for the technology and principles, you're dead wrong.
They are here in an pathetic attempt to make dollars.

I told you so...


Also look at what people are searching for... Exactly, the value.
People don't care for bitcoin as a technology, people care to make quick money in fiat with it.
As I've said before, even though bitcoin may have some technical points that have to be addressed, it's really the people that are destroying it at an ever increasing rate.

This makes me very sad though. It goes to show the level of economic and social awareness and motivation of the average human being.


I have talked about bitcoin to so many people in the past, how it challenges established standards, nope, that's not what they wanted to know.

Considering all things..
Market being taken over by superior altcoins.
Governments banning and regulating bitcoin.
Hack and scam after hack and scam.

Demand has never been so low. On bitstamp a 6k dump brings us instantly to $0! You read that right, the entire order book is 6k btc deep! (sure bring up bitfinex because bitstamp isn't big enoug, fine, you'll get 10k depth..)
From a few simple calculations we did yesterday there are around 200k stolen coins from the past year that have we haven't been able to confirm dumped on the market. That is a potential 200k dump incoming any moment! If one party starts dumping (if there are more, we suspect there is one big party behind most of the big hacks), others will immediately follow in order to not lose their profit, causing even more panic from other regular parties. Miners will call quits at double or single digits, the network stagnates, people panic, value remains $0.

This my friends is the near future of btc.
Get out of the ponzi while you can!

Double spending still takes considerable eff and money to pull off. People are not going to double spend on small amounts. I assume you can wait for a few confirmations when you're buying a car or anything of considerable value...

Lol what support?
It's like a sinking and burning ship with people on it screaming everything is fine, don't worry.

Upcoming weeks target is around 170-180, stabilize there for a few days up to a week, then hard down to around 100 where we will face some serious resistance that may cause a small dead cat bounce. After that cat dies, bitcoin will likely sink into the forgotten depths to double And single digits to be laughed at in the future.

You don't get why people don't want to use funny fantasy internet money? Okay...
There is a real life out there you know, with real problems and solutions that go far beyond the crazy utopian fantasies of a bunch of crazy nerds.

Yea, cause nobody knew that was coming...
Nonsense.
It just shows how strong, or rather weak, the support at this price level really is.
It took 3 weeks to get from this level to the peak, just 2 dumps with regular day volume to bring it all the way down again.
Time to wake up and sell before you lose everything.

It's actually much worse than that.
The supply is infinite as it requires only a soft fork to increase the number of digits. Now its 8 but it could as well be made 10 or 20 or 1000. This makes the whole concept flawed by design and  one of the big reasons why any value above a few cents is total bullsht.

Because when it goes up it's just a dead cat... I've shown this time and time again.