Good idea. It's been harder and harder to wade through this forum.

FYI BTCChina has TEMPORARILY suspended fiat deposits. Key word temporarily.

Sell if you think it's going lower and want to take the risk, but don't let fear take hold. It leads to the Dark Side.

Catch a falling star and put it in your pocket....

Works the same in the US, retirees spending their Social Security checks (borrowed from future generations of course and actively taken from productive workers) to gamble away at Indian casinos. Ever been to one? It's old people pulling levers like drones. You're welcome, Grandpa Grunt. Hope you win big!

Jim Cramer admits to doing it in his famous video clip.

Buy up all the bids, then crank the price down. Maybe call a friend and release a negative press release or two. He implies other hedge fund managers do it too, because, well it's incredibly profitable, doesn't take much money and they don't get caught.

Not saying it doesn't happen on the way up, but everyone's making money on the way up.

Edit: http://youtu.be/GOS8QgAQO-k

Bullish. But it depends on how many sheeple believe him. Or if he's (or they) are intentionally driving down the price before good news.

Bitcoiners never share. They tend to hack, ddos, FUD and scam.

Well-timed, large sells every time price threatens to break upwards... I wonder if someone knows something we don't.

Nice try guys.

You've been very outspoken against ragin, yet I don't remember you being in the group buy.

Ragin posted John's email a few pages back. Before the last round of refunds I was able to get a hold of him via that address. He should be done with school by now, hopefully he gets back here soon and wraps things up.

The four and six hour charts look much less menacing.

Hope you all have your gambling shoes on.

You absolutely do. Which means no one should be listening to your advice if they want to keep their coins.

I do like your pink Mary Kay car though

I find it hard to believe that you were around during single-digit BTC prices and are not retired on an island somewhere.

May be similar to the Cypress bail-in news, which was fairly significant.

Great read indeed. He actually exchanged emails with Satoshi. Amazing.

And you can use Safari to log onto Coinbase, Bitstamp, or whatever exchange you need. Their mobile sites are quite good.

They are not eager to create their own cryptocurrency when they are dependent on central banks for money creation and bailout needs. Besides it would take them 6+ months. They are stuck in an old paradigm.

I think the resistance (walls) before 900 (Stamp) are significant to calm the earlier flash rally. But "we" don't want to crash again. Profits have been taken, coins have been distributed to stronger hands. We may sit tight for awhile before more money (or news) causes an accumulation cycle to begin again.

Isn't this how all markets work, since, like forever?

Financial instruments don't create wealth either, they represent value and are a tool to distribute it among willing investors seeking profit. Bitcoin's valuation is representative of its potential and infrastructure behind it. It's both a currency and financial tool to speculate on its underlying value. Speculators are necessary for price discovery. Some are greedier than others.

If everyone cashed out Apple stock at the same time after learning iOS 8 steals your identity and takes out a mortgage in your name, you'd get the same effect. And yes it could happen with Bitcoin with the right "perfect storm" of catastrophic news--that's the risk we take. Until then, not all investors will seek to cash out simultaneously. It's the same way with insurance companies: Their business model is dependent on everyone NOT getting in a car accident at the same time

Traders like oda.krell have years of market experience and are much better equipped to time these price swings than the average bear. I'd listen to his advice way before Captain Hindsight here.

Put your money where your mouth is, JayB. Will the price break $1000 in the next 48 hours or is this a dead cat bounce? Let's see this mind in action.