This just looks like fairly bullish consolidation to me.

As long as it stays in the 6.4-6.8 range (spikes for an hour or two non withstanding) I'm confident that we're going to see another solid up push. With the speed of the rally up to now, a week or two of cooling/consolidating around 6.6 is really just what the doctor ordered for peeps to readjust their mindsets to the fact that bitcoin is a solid investment (for a list reasons much too long to get into in this post).

Especially taking the market behavior over the last couple of days under consideration. Peeps haven't been pouring tons of coins into downspikes like we've seen so much of from July-November. To me at least this is a sign of strength that the market is behaving a lot more maturely following a shaking out of the weaker hands that pussy out at the drop of 4-5k btc.

However, from my experience from the fall from $30, over months of observing mt. gox prices and bid walls, one thing has come clear. No matter how much I even think that we hit bottom and will not look back, bitcoin has never failed to turn lower and hit new lows.

That's more like begging, but hey; whatever floats your boat!

What part of "the first 10 entries" did you not understand?

I have no problem with this, but the exchange has it's own operationg costs, and every transaction requires processing power, db space, bandwidth...

It sounds reasonable to set a minimum fee amount. But as I said, it is not my problem.

Just set a minimum fee, like every stock exchange in the world. So you can do very small trades but it will cost you.

I honestly don't have big expectations from the TV show. It's a fictional drama that has a viewer base which probably don't understand nor care about Bitcoin even after watching the show. I'm of course interested in the show but expecting the prices to skyrocket because of it is expecting too much. It'll depend on how the show is but to me there is a low possibility of it being very beneficial to Bitcoin. However I could be wrong and I'm happy if that happens to be the case. We'll see.

But this doesn't change the fact that we're going up, maybe not rocketing up but Bitcoin is way too significant and a fundamentally growing technology to ever be stable at single digits. The market cap is simply way too low at these levels, at this point in time.

This year Bitcoin will go to a whole another level, for me it's totally insignificant if it happens next week or 6 months from now. I'm not a trader unless I'm forced to do it, I'm an investor and an enterpreneur. I plan on not selling a single satoshi unless I actually need the money or am forced to start trading due to an apparent downtrend/bubble collapse. The ideal scenario would be that I could hold my BTC for long enough to simply use it directly when I need it, without the need to ever change it into fiat again.

This ideal scenario is of course quite optimistic, I believe we will see a couple of bubbles before I'm able to use BTC for the majority of my purchases. This will mean that at some point I have to hide the bull temporarily, once again. Happy to be a bull on all accounts right now though, expecting it to last for quite a while. The next wave of interest will be hell of a lot bigger than the first big wave because something like this doesn't just come back from the dead if it's nothing, investors will be more interested than ever before.

There is another possibility that I'm considering though and this is that we could go very high without it actually being a bubble, for the most part. A good part of the "Bitcoin collapse" was because there were a good number of serious incidents that basically caused a serious reliability issue for the whole economy. The market was overbought, yes, but without all of those incidents I simply can't believe it would've ever gone as low as $2.

So we will have some kind of a bubble for sure but I think it's very likely that without multiple serious incidents we will never have the type of bubble we had in June and after. It's simply not going to happen. Bitcoin could, and I'm serious about this, simply go up and up, with small and some bigger corrections on the way of course, until it reaches the point where it doesn't see significant growth anymore, from either investments or usage. This could take approximately 5-10 years.

I simply don't think that it's possible for us to see Bitcoin go up 1000% and then lose 90% of its value. Unless a lot of very bad shit happens, just like we saw happen in 2011. So my advice is to look for this bad shit very carefully, if it doesn't come I think it's a good idea to be long on bitcoins, very long in fact.

I knew someone who was mining it lol   Logged into there machine and was intrigued

Well, didn't know what 4chan was until now. Do not want! What has been seen cannot be unseen. Note to self, stop visiting random sites mentioned on random forums.

Sure gambling is a service lol

Just like when i leave for Vegas on Saturday  the casino provides me with gambling services

Good questions.

3.  Isn't bitcoin vulnerable because the developers are few and could be influenced?

I think it is .

Apparently it used to be 50 posts, not 5.