I'm not sure that bitcoin needs saving (or rather, the value of people's wallets needs saving).  If bitcoin can't stand on its own two feet and resist selling pressure then maybe it should go under.  Survival of the fittest.  Pure Libertarian values.  No public declarations for not selling required.

Someone who got burned at $200+ created a rather nice story after the fact. 

If the upcoming Slovenian bank holiday is anything like the Cypriot bank holiday then the smart money with the largest bank accounts will withdraw cash from the banks even during the holiday.  The 'mom & pop' account holders will be cleaned out and I'm not sure they know about bitcoin.  Slovenia's banking system has been circling the drain for quite a while now so they don't have much time.

There's only so many times the popular media is going to report 'Bitcoin hits new highs!' and 'Bitcoin crashes!'.  About once is enough unless we go way below $100.

I'm not sure if I buy this whole deliberate DDoS theory.  We only have MtGox's word to go on, with no independent auditing and no detailed logs.  What would happen if one large seller decided 'this is as good as it gets' and dumped, which caused all the algos watching the price to also try and dump at the same time.  Same thing.  A wild spamming of HFT orders and more lag as the price goes down. 

The price was $180+ earlier today, and now back to $145.  Are people still blaming a conspiracy?  Why wouldn't the conspirators wait for it to inch back over $200+ before trying again?

$145 (and falling) to $1k in 2 days?  This will be exciting to watch.  Are you long bitcoin?

Correct.  I can't pay off my loan in gold, silver or rhodium either.  The bank simply won't take it.  Need the local currency.

Even shops that sell items priced in bitcoins almost without exception obtain those items in their local government's currency, or another government's currency if the item is imported.


Taking out a loan in BTC to be repaid in BTC would guarantee bankruptcy.  The lender is hardly going to lend out BTC if the value in USD$ will increase without charging a hefty amount of interest, and how do you pay back a loan in BTC when the commodity is being hoarded in the hopes its value will go higher?  More people will be chasing a dwindling supply of new bitcoins to pay back loans.  Would be fun to watch however.

Why would BFL be advertising for these positions now, when presumably they are right at the end of the whole ASIC design and testing process?  Aren't the chips ready to be assembled on boards and they're just fine tuning power requirements?

BFL's new promise is to ship ready products to end users in the second half of April 2013.  The second half starts in 4 days time.  Are they ready?

Who pulled it off?  We did.  The speculators and investors.  The price cannot grow so fast, so high, without a correction or complete reversal.  It been written here for weeks that anything that climbs so high, so fast, is a bubble that must pop.  History teaches us that all bubbles like this pop without exception.

I hope people managed to lock in profits over the past few weeks and didn't expect the price to keep climbing to $1k and beyond by the end of the month.  That's just silly.

The price should go higher now that popular media (for normal people) have put bitcoin on the front page due to its rapidly rising price.  That will bring more than a few 'get rich quick' types who think it'll head to $1000.  There's a few more people with gambling money to go.

It went all the way back to just over $2.  You're looking at a selectively small time period if you're saying the bubble burst and it fell to just $17.

There's plenty of hard drinking going on by the speculators pushing the price up.  They'll have headaches soon too  


You're watching history in the making.

4 days to $400
6 days to $800
7 days to $1600
7 days 12 hours to $3200
7 days 18 hours to $6400
7 days 21 hours days to $12800

XKCD time:  http://xkcd.com/605/

Imagine how much money Pirateat40 has, assuming he didn't sell his 500k or so bitcoins that people gave to him expecting 1% per day payouts.

I think it would be exciting to see bitcoin at $1k.  I would love to see it at $100k.  It would be something the world has never seen at $100k.  Good luck.

The internet has a price?  Where can I buy a share?  Can you quantify it and trade it like a commodity or currency?  Perhaps people are forgetting the dotcom bubble and where madness and mania based on nothing can lead. 

Martingale, all the way.

Watch anyone play anything at a casino long enough and you'll see their excitement turn to despair when they inevitably lose.

I have zero bitcoins at the moment, so a rising price doesn't concern me.  I am concerned about a pop in the bubble.  It's rare, extremely rare to see an exponential rise in the price of anything and then a soft gentle plateau at the end.  People tend to get the 'this is as good as it gets, dump!' feeling when that happens.

Will bitcoin survive?  Sure.  Bitcoin has already made headlines around the world due to its soaring price.  It's far too late to worry about it now.  Enjoy the party and be sure to grab some popcorn when it all falls into a heap and people join this forum to whinge about losses.

If it's a 90% drop like the last bubble we'll still be at $20.  All good.

"Now stop watching and get to work, next cool GIFs at $1000"

You heard Bitconity, get to work!  Money Makes The World Go Round played at $200.   $1k!  Mush!

$200!  The excitment is building in my pants.