There is absolutely NO WAY an international trading market would settle in sideways EXACTLY @ $500 price point on its own.  Absolutely no way.

Only way is colluding whales could stick it there.

I think the Chartbuddy bot is a cool project.  But may I ask of those who didn't create it, what value does Chartbuddy really add that cannot be found on a site like bitcoinity or bitcoinwisdom?

There is nothing wrong with owning a house.  Just buy an inexpensive one with low upkeep, and as work hard and as fast as possible to own it outright.  Just like 6-7 year financial loans for cars are pure evil, so are 30-year mortgages.  It doesn't matter what great interest rate you get from the bank, they and the rest of life OWNS you if you are locked into high debt.  The first 10-15 yrs of a mortgage is pretty much all interest paid back to the bank first, and nowadays most people don't stay in their first or even second home nearly that long.  Not to mention all the "upgrades" and sunk/hidden costs that they never recoupe.

I would take a condo that I owned outright, over a financed house that was owning ME any day.

Hounter?  Haunter?

It amazes me that there are people out there who throw away their hard-earned money on daily and weekly lotteries for years/decades, but scoff at the idea of buying and holding bitcoin for at least 12 months.  Bitcoin is about a 1M : 1 chance of a return over a jackpot lottery ticket.

I guess it's the same mentality though, wanting just to get rich quick or not at all.

Adam, I'm starting to wonder exactly how old you are.  Because if you have lived life long enough (to at least age 40-ish), and have spent some amount of time in an "expensive" house, you would understand the realized absurdity of that statement.  When you experience it for yourself, you'll finally "get it".

Traders are trying to bounce as high away from 480 as possible, to make it seem like 480 was the bottom.  That strategy doesn't seem to be working.

The problem with a long slide down is, you don't know where the slide ends.   

I disagree about trading up to 700-750 range and then back down again.  If we get anywhere near 750 on rising volume then a new rally is in the works for sure.

That's why if you're a long investor and still on the fence about buying more, now is a good time to buy in the scheme of things.  Don't wait for the pre-rally period or you'll be panic buying at much higher prices along with everyone else.

Hence sellers that dump.

Where are the buyers that are supposed to take us to moon? 

So... did ya hear the Bitstamp customers are trying to withdrawal their bitcoins but can't?

http://www.reddit.com/r/BitcoinMarkets/comments/2ea4f0/bitstamp_bitcoin_withdrawals_are_currently/

_{(trololololololol)}

Let's talk about Adam and pretend he can't hear what we're saying.

Yeah, but leveraged longs can rush back into the market at any time.  There's nothing to stop them if they start to see upward volume movement.

It's not like leveraging long was a one time thing.

^^^^
Thanks for the info! So at what price do you see silver to likely bottom out, and when?  Just curious.

Exactly.  There is no such thing as a "healthy" correction.  Is holding bitcoin in hopes that it will rise, unhealthy?  If so, then we are all in trouble.

The only thing that changed was many holders' near term expectations.  People rushed back into the market in April, and were holding for 5 months all through the summer, betting on a rally at the end of it that never came.  Because silly TA charts, graphs, and lines told them so.

Bitcoin is Honey Badger; it doesn't give an f-- about silly charts, graphs, and lines.  

Keep in mind too, that probably 90% of buyers that get "stopped at the door" with that irritating Coinbase message get turned off, and just decide to buy later.  Or many not at all, if the price has started to top out in the charts.

People want to buy when they decide the price looks good, not when Coinbase decides.  Their business model sucks.

Very few take a gamble that the market price will be the same or lower several days later, as no one can predict that.

What spawned the silver rally in 2011?  And where do you see the silver price by end of 2014?