C'mon, you all knew it was coming.

This is too easy

Easy call

Easy call.

[bitcoin will be below $10k sometime in 2021]

If you're familiar with good math and science and have done the work to confirm using good sources, then you know bitcoin will be below $10k sometime in 2021 <---fact. How soon do you think it will be below $10k and by how much? Interested in your scientific opinions.

My original calculations were a little off and I did not expect fake news to push bitcoin's last bull run as high as ~$58k $60.4k $61.8k $63.2k $63.7k $63.8k $63.9k $64.5k $64.9k $67.0k $67.8k $68.5k $69k. The power of fake news is powerful. So there it is, the highest price bitcoin will ever see -- ~$58k $60.4k $61.8k $63.2k $63.7k $63.8k $63.9k $64.5k $64.9k $67.0k $67.8k $68.5k $69k. The next decade will be the story of the unwinding of bitcoin and all the chaos that will unfold as that process plays out. Congrats to anyone who sold at ~$58k $60.4k $61.8k $63.2k $63.7k $63.8k $63.9k $64.5k $64.9k $67.0k $67.8k $68.5k $69k, and good luck to the rest. I hope everyone is able to find an exit soon enough not to lose everything. Cheers, everyone. It's been a fun experiment, but this is the official, confirmed end.

For example, I think the price of bitcoin will be higher than it is now by the end of 2019.

Share your thoughts here. All are welcome.

I'm being serious. This drop is different. The number of people involved is enormous (e.g. cryptomoms). Bitcoin (and ultimately all cryptos) will not recover from this one. Too many people will be burned here for the market to sustain itself. We're finally (finally!) at the beginning of the end. I've confirmed this with multiple sources.

Anyone want to sell me a copy?

[confirmed]

I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study.

The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below:

https://i.imgur.com/cQ8G7MN.jpg
https://i.imgur.com/ZRJofhv.png
https://i.imgur.com/NveJpUE.jpg
https://i.imgur.com/VjgnSlu.jpg
https://i.imgur.com/HsUhGNe.jpg
http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html
https://www.cbr.ru/ckki/

So, almost exactly 3 years ago a lot of us were euphorically watching as bitcoin blew through the $20 range and into the $30s.  Not long after reaching nearly $33, there was a series of relatively large sell-offs into pretty thin bids, and that ultimately bottomed out around $10.

The price "recovered" to around $17 and then we were all epically goxxed with an insane hackcrash from $17 to, basically, $0.  It was gut-wrenching.  I was on my way to the gym when it happened and casually opened the price app on my phone to see the price was under $10.  I was a little disturbed, but it's bitcoin.  At another stop light I checked again and the price was under $5.  That's when I called my wife and frantically attempted to explain to her how to log on to MtGox and put in a sell order...by the time she logged in the price was $0.25 and I said, "well, shit, it's pretty much all gone..."

Share your story.

I'm not convinced we are there yet.  Myself and lots of other people have been around here for years and have been through this numerous times.  I think this is my 6th, but I've lost track.  I've developed a sense for the point of maximum pain and have profited pretty handsomely by being able to recognize it.  Granted, the market could be mature enough that these sorts of things are becoming somewhat less painful, but it doesn't quite feel like we're there yet.  In any event, I'm watching and waiting, because I'm going to try to be there (again) when many of you are feeling that pain.  Sorry, and thanks.

[in order to help people]

With so much bad news, as documented here and here, and so much more to come, combined with the fact that bitcoin's utility has been exhausted and its market share is saturated, it's pretty clear that the only way from here is down, in virtually all time frames (definitely medium to long term, it might bounce up just a little, but it will only be a temporary wobble on the way down).  Many of us around here know this, and we post about it often in order to help people.

This thread is a place to discuss the best ways to SHOTR bitcoin for maximum profit.  Post you tips and best successes here.

[bitcoin is in a downtrend to oblivion]

Please use this thread to only post confirmed news from confirmed sources to help everyone understand what is obvious - bitcoin is in a downtrend to oblivion.  

My latest find comes, of course, from official sources in China and details how the Chinese government is planning a massive 99% attack on the blockchain.  I'll put the main points below, but anyone can check the facts from the source:

1.  Chinese offials delcare bitcoin a global financial virus
2.  Officials from other nations are in agreement with china China, including the US
3.  The Chinese government has millions of petahashes ready to deploy on the blockchain to destroy the protocol
4.  In addition to attacking the blockchian, China will sell all their mined bitcoins on MtGox

It's obvious bitcoin has gone as far as it can go, but any other thoughts about this devastating news?

My last thread demonstrated my point beautifully, but I just want to be absolutely clear here:  This forum (and r/bitcoin) is being trolled by a horde of new accounts posting essentially the same things and linking to the same obscure "sources".  Somebody or some group is taking advantage of the language barrier between the East and West.  It worked.

What's happened around here is similar to the SA mob in 2011, just applied to market manipulation instead of merely to troll.

[Bitcoin]

We all know that some really awful news has been fully confirmed here by the Chinese Ministry of Source Confirmation at the PBOC.   Officially, the facts are as follows (I'll provide with sources where possible, google the rest for proof):

(1) Bitcoin cannot be bought and sold.  This is absolutely true in China as of 48 hours ago.  See the section titled "壞事嚇得互聯網賺錢"
(2) China plans an international committee to prevent all banks, worldwide, from interacting with the word "bitcoin".  This was also confirmed by some twitters.  Unfortunately, they were quickly deleted, but the head of Paypal confirmed this 2 hours ago here.
(3) Satoshi appears to have been captured.
(4) China has plans to shut bitcoin off, not just in China, but worldwide.  I can't find the link for this one, but it's a chinese website called "Sinai" or "Sinu" or "Sina" or something like that.  Just google it, you'll find solid proof.

It looks like this is the end of bitcoin.  If you can sell and get your money out, you probably should.  Quarkcoin is probably a safe investment for now.

I'm probably going to be off Monday, and I'm toying with the idea of taking a trip to DC for the hearing.  Anyone else going?

Here's the thing - I really like bitcoin.  Every time I actually use the system, I'm instantly reminded of why I thought this thing was so cool in the first place.  In a way, I've become a victim of my own trolling, just as some of you have suggested.  Here's my story.

I found out about bitcoin in late February/early March 2011.  A few weeks after investigating the idea I decided to start mining.  My decision to mine instead of buy outright was motivated by the fact that I was in the market for a new gaming PC anyway, and so mining was a sort of hedge against the market working against me.  I turned my machine off a few months after the 2011 crash.  I also bought a fair number of bitcoins before May 2011.

I was enthusiastic about bitcoin and new to markets and trading.  The 2011 crash was depressing and it changed me.  This, despite that I was lucky to more than double the number of bitcoins I mined and bought before the crash.  The project began to look like the sort of thing that was being torn apart inside an out.  I became a vicious troll, because, in a perverse way, I wanted to help what seemed like the project's inevitable end.

At some point my awful trollishness became too much and I issued an apology for my tone, but not my content.  I trolled on, just with less vitriol.  As the project recovered I began to fight with myself.  My trollish character had sort of developed a mind of its own, even as I began to appreciate bitcoin's innovation and value again.  I developed a sense of obligation to the community to post as Proudhon The Toll because of a community expectation and, in a way, to balance out over-zealousness with the same thing in the other direction.

When I switched gears and began posting bullishly not long after this most recent crash I was playing to the joke that I had become a sort of contrary indicator.  "Playing" the character of a more even-headed optimist made me realize that, well, that's not really a character, because I am actually optimistic about bitcoin, even if cautiously.

This is sort of a good-bye to the speculation forum, though I might stick around and respond here for a little while.  I intend to spend more time discussing bitcoin, and cryptocurrency in general, in political/economic/and philosophical contexts, and so you'll find me posting on bitcointalk.org and other places in areas more suitable for those sorts of discussions.  It's been extremely educational, depressing, exciting, frustrating, and fun around here.  I think I've ultimately learned what I needed to learn from the speculation forum - I'm not a bitcoin trader, I'm an investor and a user.  And yes, my paper wallets are safe and sound.

Not sure how I feel about this.  It's neat that it'll be talked about in that forum, but I'm not sure most bitcoin services are prepared for the kinds of loads that things like Colbert can bring.