This is why if LTC or any other alt-coin actually gains ground, even temporarily, all that will happen is completely undo BTC and all cryptocoin all together.  One of the major, if not THE major, advancement and promises of bitcoin is that it is resistant to inflation due to the hard cap of 21million. If, it turns out, any two-bit script kiddie with 5 friends can effectively do so by creating a sperg-coin or what have you then people will be fully capable of extrapolating and realize the whole experiment is a bust.

That said, I also think this is the exact reason that any alt-coin won't gain ground.  Enough people are smart enough to realize this and not fall for it.

My totally unsubstantiated theory: We're going to start seeing more "normal" trading with an upward trend.  The days of one or a handful of people completely messing up the price for weeks at a time are over.  Anyone trying to "play the game" like they did in 2012 are going to find themselves ineffective and at a loss of both USD and BTC.  I do believe that the potential of bitcoin still hasn't been discovered by 99% of the world and, as they begin to adopt it, this will increase demand.

Maybe a weekend dip, maybe not. I'm toats not expecting any weekend crash though.

UPDATE: Someone is trying to make me look da foo'!

Just pretend you are one week in the future and the price has just dipped to to $34.85 from...oh, I dunno...$40.  It's a deal and you'd be stupid to say no!

But I do know all about it brother.  That's what I'm sayin'.

I can handle that your wrong, and it's not even that I care that you're wrong. I don't even care that much actually.  It all seems a bit out of context today as the big bump is (maybe?) over, but seeing 10 threads start each with an OP that has a some TA chart and some doom-gloom sentiment is a bit over the top.  Like the tarot card guy, I don't think I posted in his thread at all mostly because he had one thread and he updated it and the title was something designed to inspire fear/flame posts/whatever even though I think tarot reading is jsut as effective as TA.

I'm not aiming to tell you how to post, but I'm just sayin' if you post multiple threads with titles like YAWN and CRASH COMING EVERYONE'S GONNA DIE! (one of the two is an exaggeration) I'm going to probably show up and throw it back at ya.  I don't do the same for bullish TA posts mostly because they seem less serious in the first place to me, but I do have the same opinion of them.

Sir, I fear you have just started something very dangerous for me.

I wouldn't bother if you guys didn't post 15 thousand threads every time upload a picture and proclaim that TEH CRASH IZ COMING! DA LINEZ SHOW IT!  That's why you don't see me in the long running TA threads.

This is funny to me.

Ah man, I hadn't realized that I had missed the BTC/Pizza singularity moment. Now I'm totally bummed out.

Sure. 90, meeehhhh. But 9? Sure.

And I like how you even went with weekly candles.  You just zoomed out until you found a metric you didn't like and decided, "Yup! There's mah proofs!"  Way to cherry pick.

It'll be fun when we can officially say that BTC = 1 Jay-Z

And thus, the Jay-Z index was born.

I don't think he meant you couldn't, but probably it shouldn't be the first thing you go up to strangers and use to explain bitcoin.  I mean, maybe if you really know the person but as a general tool, prob not.

It isn't easy to get people onto bitcoin.  I've been talkin' it up to my family/friends for years, have bought goods (not silk road!) with BTC, bought things FOR them with BTC, shown them the increase in value....and they still think it's some kind of weird pyramid scheme or something.  The biggest facepalm moment was when I bought my dad something for his birthday off bitcoinstore.com and explained how I got a sweet deal for it because BTC is more efficient and all I got was a "Yea, because it fell off the back of the truck heh heh heh."

The best thing you can do is just play it cool, don't sperg out, and just keep at it.

Though, getting someone to sell YOU something for BTC is really good too.  I have gotten a few peeps to at least take it seriously once I paid them some coinage.

I think this sort of sentiment is part of the problem too, actually.  You don't need to be libertarian to enjoy and use bitcoin and insisting so is ridiculous.  I am not a libertarian nor will be.  To me, the value of bitcoin is being able to use/send money over the Internet to anyone/anywhere without exposing any more personal information online than I want and without paying out the butt to a handful of middlemen.

I do agree with you, however, that the early focus on "mining" by the community didn't do us any favors.  If someone wants to know how the system works, explain it broadly and go into more detail as they ask.  A lot of the early information out there about BTC really goes into the "print your own money!" and is still partly trumpted by the likes of all the alt-coins out there. 

The best thing to do is calmly and simply directly explaining their concerns about bitcoins.  For example, the guy who posted about everyone printing bitcoins and gpu mining making BTC inflation crazy I would respond with "There will only be a hard cap of 21million bitcoins and it will be impossible for there to ever be more than that".  Simple. 

Ah man, you were so close to actually being right and then you got to that last sentence...

Non-believers are keeping the page count below 600! Jokes on them, for they cannot hold back the secret page rocket.

Posting in another "Because of X then bubble".

Though, to be honest, this one isn't even that creative.  I shall spot you a few free ones that may lead to more interesting conversation:

McCorvic is posting more than once a day, therefore bubble.

The price of bitcoin is almost to $37, which is a prime number, therefore bubble.

My shoe has become untied, therefore bubble.

My mom let me on the computer again, therefore bubble.

Feel free to use any of the above.  Any more will cost you some extra BTC therefore bubble

No, if you make assumptions without any evidence/support/ect then you are a terrible poster. Watch, I'll demonstrate.

The market will reach $10000 per BTC this afternoon with the assumption someone is going to spend a billion dollars on BTC.  I will now proceed to get all butt-hurt if anyone says this assumption is dumb.

Why? Why the hell would I assume that?!

BTC is actually the tool of the Lizard Alien Race from the largest moon of Jupiter to control all humanity, with the assumption that the Lizard Alien Race wants to control all humanity.

See! I did it again.

Heh, fair enough.

I agree. Especially since there would be absolutely no way this feature could be abused.  

I picked 35-40 because I dunno.  Despite the last two months, I still think it'd be crazy to assume we'd go up 10+ dollars in a month, but I won't be mad if we do.

And, to be fair, I think I guessed somewhere that the 2013 high would be around $18 so....

Dang, you caught me.  I'm actually hoarding my posts and will post more once we hit 500 pages.