Worst thing about it?

It's you guys who keep responding to every single thread bumping it consistently to the very top, ensuring that he is successful. Some even have decided to mirror fallling and copypaste their own spam in every single one of his threads.

Congrats!

Agree with Wanderer. Guy is a megalomaniac who thinks he is in some heroic battle or something.

Meanwhile, Shroomsy's preferred asset is still in a 3 year bear market and on the verge of making new lows.

Agreed. I'd like to nominate fonzie here, I like his style.

PS: Not only do we have cheap Bitcoins, but we also have cheap silver coins (hope you're happy with your pump and dump silver, Shroomsy).

CHEAP COINS!

Soon: Instead of Russians fleeing to BTC, we'll have Bitcoiners fleeing to Ruble.

As for pure technical analysis, no real clue, sorry, I don't think there is a reasonable way to tell beforehand. It's one of those things where you've got to see it playing out, anything else will just lead to pouring your bias into the prediction.

But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high.

Oh, as for what happens should we decisively break this level, I would definitely expect a flash crash at that point. Where that flash crash leads is extremely difficult to predict beforehand (that's the nature of a flash crash after all), but sub 200 is not out of the realm of possibility. It also really depends on the particular exchange in a super volatile environment.

316 fell, next horizontal support would be 275.

Getting closer to 1 billion market cap.

😈

I still agree with this post, just got to have some fun in the meantime.

For over a year now I've been warning that bear markets can occur with TONS of positive news and people will chase the bull traps associated with them. I actually think that bear markets and lulls are the time when there's the highest productivity and most progress in Bitcoin.

Nope, that's only your flawed view. When generally safe things crash, people will not move to risky things, they will move to safer things such as gold, or solid currencies like USD or EUR to protect what they still have.

Next time, go for Beanie Babies.

I just had a flashback to this flashback. Difficulty is set to decrease again in 32 blocks.

Don't worry, there's always a next auction with tens and hundreds of thousands of stolen BTC. The ultimate finale will be MtGox.

Regardless of how much I hate Cripple, I have to concede that it's the only digital asset I've seen that isn't strictly correlated with Bitcoin, at least during this last period. And if this trend continued such that XRP price climbs beyond all time highs which were set long ago (priced in BTC), then it would actually become a danger for Bitcoin as an asset.

Thinking about all the people who "diversified" into other altcoins thinking it's a hedge, and I have to laugh.

I am always skeptical about magic solutions, but why would you infer that the paramaters are "faulty" for producing one bad signal? Is that not within the realm of possibility of it working satisfactorily?

Unless you backfitted the thing to purely produce the best fitting picture on the past charts (no idea if you did), that's obviously a bad idea.

Probably too busy selling behind our backs and at the same time spreading Hopium in the media so it doesn't crash too quickly I'm afraid.

But I agree, there should be a fund dedicated to reinstalling Willy. Thinking about it, maybe they've implemented a reverse Willy, a Ylliw, in order to buy cheap coins?

Cheap coins are pretty nice though.

Rust, communism, coke, santa, strawberries, cherries, fire, evening sun, crab.

This is ladies.

cypher, I just converted the Rubel price (on btc-e) to USD and found out it's nearly 10% lower than on the USD exchanges. What sort of arbitrage are you talking about?

Hopefully now people will come to understand that this sort of "adoption" doesn't mean shit to create demand for BTC. It actually makes it worse by having Bitpay and Coinbase increase BTC sells.

Next time, listen to FUD (Facts U Dislike), not Hopium.

For people like you who leverage 20x and take loans to buy BTC chasing their Hopium? Yes. For investors and traders, not so much IMO.

If you want a casino, you should go to an actual casino, or maybe try Ripple I guess.

But I am questioning his execution (methods) primarily. He was unsophisticated on that front. Thus, I infer from his trading inexperience that the most likely reason for his rush was just panic. And of course when you act on emotional signals, you have a good chance of picking a bad time to sell, like he did. If the price goes double digits, it'll still have been bad execution and bad timing at that point in time. Maybe you disagree. Then I agree to disagree.