About ATH: breaking it in one year and a half seems too optimist to me. I won't be surprised if the next bubble doesn't happen for 2/3 more years.
...and the ATH was broken in less than 4 months  Anyway, what is clear from this thread is how hopelessly wrong people are when trying to time the market (not talking about you specifically Rampion). It doesn't matter if you lived through 2011 and April 2013 bubbles and you think you know the markets inside out. You might get lucky and catch a falling knife (or call the top) successfully, but that's just gambling. That was quite a fail indeed  I do think that 2011 won't happen again. Things changed, people knows BTC is here to stay for good while in 2011 Bitcoin could have very well disappeared. The sentiment and the level of awareness are completely different than in 2013. |
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Have we officially gone now from correction to full blown bubble collapse?
Not yet, there's seem to be nice support at $400, but the recent mania was so crazy that this might be the moment in which we will revisit and test the all time exponential trend line (which now sits around $370). For the "that will not ever happen crowd": just remind that the price is bound to be 50% of the time above the trend line, and 50% below it. It's math. Place your bids and take the buying opportunity if it happens. If not, be happy and remember to realize some fiat profits at some point, preferably when we are way above the exponential trend line (above $670 it was a no brainer to secure some fiat profits especially for those who bought at double digits). |
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Gallipi u screwed the market
Oh come on, he did okay. He did OK for 95% of the talk, but he screwed up at the very end by crapping his pants with the last question. Let's be serious: this charade at the Capitol is totally irrelevant, its pure entertainment, and the finale was bad. The markets are eager to take a direction, they wait in tension till the very end to decide where to go, and if you just take a crap on their head well, that's not cool and they go down  |
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Gallipi u screwed the market
Gallippi is doomed, the ghost of the big crash of November, 19th will follow him forever. He popped the bubble all by himself!! |
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Gallipi just tanked the price... He crapped his pants and did not answer to the last question, what a fail, Shasky and the indian lady yesterday have kicked everybody's butt what was the last question? i thought he did answer it. the essence of the question was "give me concrete examples of what we have to do to make sure that things as the Silk Road won't happen". There's no need to crap your pants on that, as the fincen lady said paper cash is a much greater tool for fraud/crime etc., just follow the same rules and move on. |
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Gallipi just tanked the price... He crapped his pants and did not answer to the last question, what a fail, Shasky and the indian lady yesterday have kicked everybody's butt Much better to reply with a better answer that you have had time to reflect on, than a rushed one. Man, he should have been prepared for that question. If you know BTC you have thought about that. You know that cash is very much harder to follow/track than BTC, you can reply that you can just apply the same rules you use for cash which is what the FinCen lady (or the indian lady that came yesterday) would have answered to that. |
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Gallipi just tanked the price... He crapped his pants and did not answer to the last question, what a fail, Shasky and the indian lady yesterday have kicked everybody's butt |
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heidi is crapping her pants, she knows there's no turning back
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red lady is loaded of XRP
FAIL.
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red lady striking back. What an epic fail |
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jeff garzik would like to kill the red lady, just look at his face |
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the red lady is failing hard.
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Shasky is loaded, no doubt about it.
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Sturle, what's happening with BTC transfers? Is Gox overwhelming the BTC network with its huge volume, just as they did with the traditional financial system? Maybe the blockchain is just unable to keep up with Gox's thriving activity?
Please let us know.
/irony off
I'm glad I bailed out for good a few months ago. Shit is hitting the fan. Sturle, please explain us again how a +$10M hole is nothing for Gox as they do a lot of millions in trading fees and they can just cover any hit they get because they are super-mega-liquid.
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Don't have time for the 3hr hearing? Here it is in 2 lines:
Senate to regulators: What's up with digital currency, you guys need any laws?
Regulators and Law Enforcement reply: Nah, we are good. Didn't you hear about eGold, Liberty Reserve, Silk road and all our child porn busts? We got this.
Exactly THIS. Oh, and Satoshi being Al Gore is a recurrent joke among the big guys in DC. |
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Big volume divergence, technicals are screaming "down we go"... And hard. On the other side, we all know BTC doesn't give a shit about technicals, at least most of the times. Placing some bids around $330/350 on Stamp seems reasonable, "just in case" |
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Still nothing. It won't even load now. There's going to be such a massive panic sell when they get back online...
"if" they get back online... ever Plus, complete silence from their side for many hours. Bad PR move from an exchange managing millions of USD which belong to their customers. Either they are in deep shit and don't know what to do/say, either they just don't give a shit about their customers - both things are bad. |
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Page down, "banking software" problems that delay withdrawals... Well, we could expect hazek/Nejc to come by and give us an explanation on what's going on.
Especially the "banking software problems" sound like a bunch of crap. I hope we won't be Goxxxed by Stamp.
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