[even higher]

It's sad to see the bubble exploding again and crashing violently. As it's sad to see so much speculation, ICO scams and all. But is part of the game. Seen many bubbles, lost a lot, won a lot, and I'm not impressed anymore. I've seen what Bitcoin can do and I still trust it. No alt-coins, no ICOs, no stocks. Just Bitcoin.

Every new price surge has 2 features: goes high as fuck, goes down abruptly and after some stagnation period, goes even higher.

A price of more than $10,000 might be even closer than you possibly imagine.


That's not hard to reach and will be reached eventually, and then even higher. Hard is to play the game without sweaty palms.

https://imgur.com/JMAuPJN

Somehow it doesn't. Thanks for all who said good words for me. It helped me a lot. Thank you.

I need to disclose something:

Romanian Intelligente Service is actively pursuing many bitcoin users. Check my older posts to see when they got knowledge on bitcoin. Sad thing is that there is no LEGAL case against bitcoin phenomenon. It's not regulated. Romanian Fiscal Authority cannot do anything. But Romanian Intelligence Service can. And they fucking document any user they can from localbitcoins.com

Sad.

These were nice years, but unfortunately all things come to an end. It is time to say "Goodbye". I still think bitcoin is a brilliant invention which brings immense power to the masses but the human element was more agile and found ways to almost destroy it. It's wounded, but not by a security flaw, not by a design flaw, just by misuse and abuse. Nobody can tell what will happen in the future but one thing is certain: nothing goes up indefinitely and all markets are cyclic.

Bitcoin was a chance to learn on economics, markets, psychology and technology. A great ROI. I would recommend anyone here to buy whatever amount one can loose in  the next 5 minutes and put it aside until 2017-01-17, along with the same amount in USD. I am very curious which will have more value then.

Good bye.

No, really.

Smells like MtGox all over. I hope Bitstamp and all shitty exchanges die ASAP. I hope Karpeles gets a long term in the jail.

Anyhow, breaking this low brings a huge opportunity which many will fail to see. The only problem is one buy's now and price gets to $80, there will be more time involved until it gets back to 190 and again to over 500. But it will.

Many will fail to see that. And please stop the 'free market' bullshit. When you have an 'audience' of 90% sheeps and a few shitty exchanges, with no transparency, you cannot call it free market. This is bullshit.

PS: I was terribly wrong, I was thinking that 250-270 would be the bottom.

Centralized exchanges as we know them will die or change. This is a good thing. Exchanges along with their by-product, the 'speculator', shall die now. RIP.

Decentralized systems or multisig operations will take over.

Not sorry for being so blunt...

You trusted your bitcoins to any other 3rd party? You lost. You kept your coins in any other place than your wallet? You risked your money for nothing.

You daytraded? You helped the price to go down. I for one, sold only when I needed cash, only because I could not pay for much in BTC. Because if I could... I would had 0 fiat currency.

Remember that when you see the price so low it hurts. We had full power as a community to make bitcoin the 8th wonder of the world. But kinda failed.

This is big event. We just began 2015 with a massive down movement. And it seems is not gonna change soon.
I really wonder where the price will stop. 255? 200? 100?

5 times lower... is a shame.

I'll be there for you, to listen and give you some advice, as much as I can.

During our conversations you'll be the most important thing. If you have any personal troubles and feel deserted, lonely and hopeless I'll be there for you. Just PM me and remember that if you feel alone, you're not alone.

I'm invested 100% in Bitcoin, not really investment because never bought any, all generated in the early days. I saw this drop coming but never sold because I really trust the system. And because I really hate banks and current fiat system, I'd rather die poor with a few bitcoins in my pocket than selling my soul to the paper money scammers.

But now the price is really low and I can't survive much longer like this. Not just because of the money but because my health deteriorated fast in the last 2 years. Smoking and drinking put a definitive mark on me.  Then depression came. I've hurt some people and now I pay the price. I've hurt my ex-wife, who was dedicated entirely to me, took care of me and was so in-love with me that she'd suffer great pain if I suffered anything. She had access to my cold wallet but never took anything. And after I lost her, when she was left with about nothing to eat, I just gave back some.

Since my lungs are fucked up big time, I don't have much time. I guess I won't see the 10,000 per coin. But bitcoin was one of the best things ever in my life. Aside from the baby I'm waiting. I have used a big chunk of my bitcoins to give to others, mainly family and friends and if you never had the chance feed someone with bitcoin, I think you're doing something wrong.

Of course, I saved some for the child, maybe he/she will use it someday. But remember this: when you go, you don't take anything with you.

That's my bet. We're going to revisit 270s on what it should be a double-bottom. The real double bottom. Afterwards I think price will increase again. Doesn't matter how much, there's some bucks to be made selling now, buying lower and then selling again when price goes up.

Just thinking... We are in a bearish market for almost a year now. Can we sustain another 10x price increase in 2015? Or are those days gone forever?

I can't see anything good in the market right now. All good news have no effect on the price, which stagnates for about 2 weeks.

Do you plan to get out of bitcoin in the next 3 months with at least 70% of your holdings if you see no price increase?

Doesn't matter when the next rally will be, 2015, 2017 or 2020, it's almost a certainty there will be one.

Let's assume for the moment that Bitstamp was breached by hackers and at least all hot storage coins are lost. What do you think it would happen to the price? What do you think it will happen with all those sad fellows that lost the coins? And what do you think it will happen to the Bitcoin image?

I guess the price won't be affected too much at least few days.

I guess most of those that lost their coins will never come back to bitcoin again.

And I guess the media will be all over the bad news and Bitcoin's image will suffer the most.

Anyway, it happened before, it will happen again. That's the price for using CENTRALIZED EXCHANGES.

I suggest we hang out in here and leave the guys with rockets, spaceships and trains play alone. So far everybody that said we're NOT GOING to the moon and WE'RE NOT GOING TO RALLY but just downwards with some bounces, was right.

Delusional permabulls were wrong. Back into the 380s area soon.

Just make sure not to post in bullish treads to give arguments on why we won't go higher anytime soon. It's futile, they won't understand.

Seems too strange for me. I don't trust this rully until it goes to 500.

What if price really takes off and in the next 30 day's we'll see:

- new ATH on 26th of november
- 28 nov: surpasses Gold. Media covers this incident extensively.
- 30 nov: even more obscure media covers bitcoin almost daily, regular people hear the 'bitcoin' word almost daily both in negative and positive news.
- 1 dec: by this time Bitcoin is heavly criticized in talk shows as not being money and trustworthy because 'nobody controls it'.
- 9 dec: temporary stabilization at about 2300 USD. CNN makes special reports daily on the price of Bitcoin.
- 10 dec: Russia and China are confronted with huge demand from the people and oligarchs, lifting all bans (if any) on BTC. Some regulation will be enforced though.
- 11 dec: price continues to climb towards 3000.
- 12 dec: 3000 is reached, small crash to 2700.
- 13 dec: we see a recovery.
- 18 dec: price has gone up again and it's even more aggressive. As EUR and USD are dropping, people flee to this safe heaven.
- 22 dec: WMF and other goverments ask people to be careful trading bitcoin and try to stop buying as this affects stock markets.
- 24 dec: DJIA and other stock market crashes, gold is at low 1163. Bitcoin is at a staggering 7813.
- 2 jan: price surpasses 9999.99.
- 3 jan: big crash to ~3000 USD. Then crash to 800.
- 5 jan: we get close to 250 USD. People jump off buildings.

We had a minor price increase and everyone believes this is it. What do you say?

Simple question:

Would you trust me to send me 0.1 BTC if I'd say I'd pay it back immediately to the address that sent it?

Post 'Yes' or 'No', and if you feel brave, send 0.1 BTC and see what happens.

19CpjPLBB1YYhtjXwNpVJJyEi2eQtdV6wD

So now, officially, no uber-bull can counterargument that even if price is higher than 1,3,6,8 months ago, overall BTC is doing great.

No, it's not doing great. It's actually doing very badly. Lots of people lost money with it and lots of bad publicity was cast over Bitcoin (deep web use, FBI's arrests, miner scandals).

PS> Don't sell because of bearish posts also. You will just push the price lower.