If you don't believe my sources, just check the price, which is clearly down on all exchanges from the highs in the $1000s.  Downtrend is confirmed by technical analysis and bad news sources, especially foreign language sources.

Overstock will take it out.

Peter Schiff texted me the other day to help me understand just how bad the Overstock news is.  Combined the government attacks, it clearly spells the end for bitcoin.

In case anyone questions my authority on these matters, you can check out an endorsement here.

Calculations don't matter when we can check the facts from the confirmed sources.  Just read the link I provided.  It's all there in plain Chinese.

Here's some terrible English language bad news.  Summary below:

1.  Overstock.com started accepting bitcoin
2.  They did $100,000+ sales in 24hours

The bad news is that despite this, the bitstamp price is below $1000.  This just demonstrates that bitcoin has reached its saturation point.  Even without governments planning large scale attacks on bitcoin, it would likely die this year anyway.

Please use this thread to only post confirmed news from confirmed sources to help everyone understand what is obvious - bitcoin is in a downtrend to oblivion.  

My latest find comes, of course, from official sources in China and details how the Chinese government is planning a massive 99% attack on the blockchain.  I'll put the main points below, but anyone can check the facts from the source:

1.  Chinese offials delcare bitcoin a global financial virus
2.  Officials from other nations are in agreement with china China, including the US
3.  The Chinese government has millions of petahashes ready to deploy on the blockchain to destroy the protocol
4.  In addition to attacking the blockchian, China will sell all their mined bitcoins on MtGox

It's obvious bitcoin has gone as far as it can go, but any other thoughts about this devastating news?

Just remember, if you're in the US, everytime you execute orders on a market you restart the clock on long term capital gains eligibility.  That's ok, though, because short term capital gains is only like twice as much.

Given all the Chinese language websites on the internet, my guess is this is a bull trap.  Since many of them are about sources that say some things.

No.  We have already confirmed via sources that bitcoin is pretty much done.  Not everyone knows this yet, but as more people become aware of the facts, the price will fall to $0.  Proof ------> 充分證實和真實

Nah, just a wobble on the way down.  Sources have confirmed this.  充分證實和真實

I just can't get excited about this what with all the Chinese language sources confirming so much bad news.

Ya huh!  Look, the price was above $1000 a while ago, now it's in the $800s and likely will be falling more as more Chinese text and links are posted to the forum and reddit.

I clicked the link to the thread in the Service Discussion area.  I don't know what any of this means, but I did see some Chinese text and something about news and sources, so I just sold everything because I'm in the US and I'm using foreign exchanges and want to make sure I have to pay short term capital gains and possibly be subject to some foreign accounts tax or some such.  Just playing it safe, you know.

Interesting interview.  Might be a glitch or something, but my online wallet with like 2000BTCs in it is showing a balance of 0 now.  Weird.

No, I think that's a pretty big issue.  At the very least companies will do what Overstock has done and make a disclaimer about bitcoin refunds being in USD.  I think a better option would be to give bitcoin refunds for up to 48 hours or something like that, and after that it would have to be USD.

Too bad this is basically bitcoin's last year, given all the confirmed bad news we have from sources, especially confirmed non-English sources, especially from China, but also other places.  The HODLERS will hopefully give us all time to get out above $10.

Absolutely agree.  I've read those bad news and stuff and things.  It's really bad and it's all been clearly confirmed.  So, there it is folks, confirmed sources have confirmed via sources that sources say bitcoin is done.

In a meeting with Ben Bernanke and Satoshi right now.  I'll get back to this later tonight.

Ah, blitz, there you are. Would you like to be on the board of our as-yet-unnamed-coin-but-not-called-coin foundation?  We're going to need somebody to represent our project to governments and such.