Every time I hear that of the "Bitcoin Elite" I remember 'Loaded' and his 40.000+ BTC. I know he was already rich enough before investing in Bitcoin, but I tend to assume that, at this moment, it is his Bitcoin investment what has grown enough to now be the majority of his net worth... And at this rate he may be soon to reach the status of Bitcoin Billionaire.

I am finding some similarities in Bitcoin vs the early 20th century oil boom.

Well, one more pump and they won't have to worry anymore.

The few short positions that remain are probably quite close to be margin called. And that will be our next well deserved spike.

Yep.

Some people think that spreading their bitcoins on several exchanges minimizes the risk of loss and while that is true in part, it does nothing against helping prevent fractional banking.

Also some people think that paperwallets are good enough and don't want to take a look onto hardware wallets for some reason or another. But they don't realize that hardware wallets are not only more convenient (less cumbersome) than paperwallets but also more secure as they avoid the necesary step of introducing the private key onto a computer when then time to retrieve the funds come.

A hardware wallet is a MUST for anyone with more than one single BTC. Maybe even for someone with less than that as I am almost sure that once he experiences the great usability it offers he will be encouraged to buy more BTC

Once hardware wallets become more mainstream the price will skyrocket.

Yep: https://en.wikipedia.org/wiki/Lingam

Kamasutra is full of references to that denomination.

So... Bullish?

Ok, $1400 on Bitstamp broken, I am gonna call that a valid ATH.

Let the rally begin!

Now it is very a good moment to use a ridiculous part of the profits to buy a hardware wallet anyone that doesn't already have one.

I will never cease to insist on the importance of this issue. Even if you are already using paperwallets you need to try hardware wallets if you haven't already done so. Really. You will thank me later.

I have the idea that the more people "invest" in hardware wallets the better for the price as it has some additional impact on how many Bitcoins are withdraw from the exchanges. Less supply on the exchanges is good and also makes additional pressure on exchanges not incurring in shady fractional banking with user's Bitcoin deposits.

* I am in no way affiliated with any of the manufacturers. Trezor or Ledger Nano S will both serve you well.

In fact, if you think about it, every sale at any price was lousy one.

I do agree. But again, all this does is give "legitimacy" to the PREVIOUS ATH. Also it is starting to consolidate as new bottom/support.

But I won't be calling NEW ATH until it is clearly above ($100+ more would make it) the previous one. That is what would signal to me that a new rally has started. It is also what I am expecting for this week.

Another? Nahhh... It's almost the SAME ATH of the last time. We need to start considering something like $100 from previous ATH to really call it an ATH. Maybe very soon though.

I do totally agree that Bitcoin needs scaling to really grow. In current situation I think the probability of Bitcoin solving the scaling thing by activating Segwit in the near future (maybe even before end of year) is going higher (not talking about CURRENT signaling, thats BUllshit).

In the meantime, it can perfectly reach 1500-2000.

And it needs way more than 50TPS to really grow as intended. Fortunately that is solved with Segwit+LN.

2013 volatility equivalent would be a rally from $1300 straight to $6000 in a couple months and another from $6000 to $20.000 before end of year. That was 2013.

Of course we cannot expect that... but a first little step to 1500-2000 would be reasonable before starting with the moon/rockets pics.

We don't need no more stinking ATH, we need a RALLY.

Bitcoin is way undervalued in comparison to altcoins. That's what changed.

It looks like some people are starting to get positions before the rally.

This may turn interesting faster than I thought.

If everything goes according to the plan, once ETH dumps the current pump it will flow into next ETC and LTC pumps and, after that is done, everything will flow back to BTC for the next rally.

Next week is critical

And that's where you are completely wrong, because almost anything is a "store of value". Gold is, silver is, currencies are, marble is, copper is, steel is, FIAT is, collectibles are, wood is.... everything.

Once we have agreed upon that, we could discuss how some things are worse or better as store of value.

And at the moment, cryptocurrencies have some very interesting qualities as store of value.

Old news. Now go to bed, adam. Tomorrow will be a shiny new day in Bitcoinland.

Has anything special happenned at all?

Digital crash?!?! What digital crash are you talking about troll?!?!?! Everything is going ok. Slow and steady.

WTF? Are you high or something? Did you just wake up having a dream of Bitcoin rallying nonstop to $9000?

What happens? We are still going sideways, on the upper side, but sideways....

Noone knows what will have the better outcome between keep waiting for a big correction or go all in just now or on next small dip. The only thing I can tell you is, if you already have the funds on an exchange which in fact means you are already accepting some minor risk (unless it is Bitfinex, in which case the risk is way above MY threshold level of acceptable risk), you can do some "hedging" on your going in.

For example, you can go buying in small quantities and depending on evolution of the price decide what to do next. If it goes down, you can either increase your funds "in" or wait for a deeper bottom, if it goes up you can also keep increasing the ammount and setting some stop losses, etc etc....

Just an idea.... But in the end what matters the most is if you are investing on a bull market or a bear market (long term).