We are also sitting on "support" to an extent from April 18 and May 4.

But rising up slightly on lower and lower volume (3 days) is alarming.

The catch is, what if that buyer that supported us on the weekend comes back?

I'm at a conflict, is this a bear trap, bull trap, or a bit of both...

That definitely crossed my mind and I know I mentioned it as a possibility somewhere. That trade I mentioned above, that many talked about on the wall thread in this forum, is just too fishy.
We'll see what happens next weekend...

I'm at a crossroads, bear trap or bull trap... or a bit of both? 

Logically, I say yes, we correct at some point. But there are unknowns here. For starters the weekend hits but the last was met with a 15k buy that was a bad business decision in that whoever bought them didn't have to do it the way they did.

We don'T know if forces want it going up, down, or sideways. This is a small market, easily manipulated and when you think it is involved, or is, monetary reform... oh boy...

Regarding the person(s) who moved the price all the way back up to $110 or so, what are the chances that there are people who have a vested interest in the price not dropping to low?

What happens to Bitcoins adoption at a price of over $100? I'd say it slows things down. Would someone purchase BTC to keep the price from dropping for that reason?

Not saying this is the answer at all, but why would a person buy 15k BTC's at market, with so much slippage, instead of letting the price fall further and just picking it up slowly or put
in a market order?

It is worrying because two weekends in a row we had these "weird" sell offs. I say weird because there are better times to sell. Much has been mentioned of this being manipulative.
The larger buy in a sense, also was...

I mean the Raspberry Pi is 3 watts (I read). It makes using it as a control center a no brainer. It helps the environment, lowers costs, increases profits, etc.

That thought has crossed my mind often since the last weekend dump. I'm sure it is on everyones mind (scary Bitcoin thought...)

I saw you mention the sigma thing yesterday and looked it up but still don't really understand it. Basically, a simple definition of a Black Swan is something that comes along (e.g. internet) that most people just don't see coming. It is hard to predict to most. But once it gets a foothold most people look at it and say "Yeah, that was easy to see coming" - as it just makes so much sense - like the internet and like what Bitcoin can and is. I chopped that definition up, but think you get the point.

Regarding a high IQ, not to knock it, but we worship it in the West because it can help to make one a lot of money. But in the grand scheme of things, I would say something more in the direction of emotional intelligence, is more a sign of intelligence. Intelligence should involve many facets, - smarts, compassion, etc. Things that prolong the species and help us to better get along. As it is, IQ tests are self serving to a capitalistic mentality. I'm not knocking you, I love reading your posts, but I'm just saying... To measure a Human Being based on an IQ test, well it's sort of the antithesis of how one should be measured...

The scariest thing about the BTC market is how EASILY it can be manipulated. I wonder if there are significant forces out there that want the price to go up, stay constant or go down... and why?

You have definitely help me to put some "protection" up due to a price drop. The volume has always bothered me.

But what do you (and others) make of that last statement? I am still scratching my head at why that guy bought so much on drop at market, and the slippage was HUGE. It was poor business, if that is what it was.

I think similar things were said in the early days of the internet. We are 4 years into the worlds largest social experiment and you know the answer?

Businesses want to make money. You said you are a capitalist, right. Well, if you could drop visa, mastercard, etc. and increase some of your sales profits by 2%-4%, why would you "snub" that?

From a purely economical point of view (no worries about government intervention), Bitcoin is GREAT for business. Adoption is another matter...

Here is the depth I mentioned above. It looks good within that range and gets a bit worse out of it, but nothing outside of what has been the norm.

I just don't see it in the market depth on Gox. Where are you getting your numbers from?

For example, just looking at the sum of buys and sells within $8 of the current price of 109, I see Asks at 10k and bids at 9k. That has been getting better the last few days.

Now, I'm not saying we don't go down, but that is what the depth is saying (and easily manipulatable I know).

Another thing to consider, on many of our minds, is that 15k order on Sunday that stopped the downward movement. I wonder who would do that as they could have bought in slower and gotten a better price.
Is it going too far to say a lower price of Bitcoin would increase adoption? There has been evidence that a higher price keeps people away. Funny, perhaps some people want to keep the price up for
that reason. We don't know, but something to consider.

Ah, I misunderstood. Was the point that the original Jalapeno's be powered by the USB hub, being that they are only 3 watts or so? I guess a computer would have no problem with that?

I like 8 and 10. I think it would be nice to have a shirt with visual that captured what BTC does, maybe in a symbolic way or the like.

But note - I am a bit of a dreamer/visionary and inspired by BTC.
[/quote]

Brand recognition is an important aspect of marketing so I have chosen to mimic existing logos/slogans as a way of getting Bitcoin noticed.

I think people doing a double-take and then realising what the shirt actually says is a good way of promoting curiosity in Bitcoin among people and maybe asking the wearer questions.

It's up to the person wearing it then to seize the moment and convert them.



Anyway, why don't you come up with a design of your own
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I can see having the BTC symbol being on the shirt, of course - it is recognition. My point was there was just to much of it (FOR ME).

Are you being sarcastic with that last statement? If not, my apologies. But if you are, I just answered the original question and didn't realize if I disliked it I'd have to design my own shirt.   

Well, like BFL, that argument is null and void when they start shipping. You said they are just in the design stage???

Null and void... 

I noticed the message was just on one page. As new content went up, the message disappeared. But, when I went to the prior page it appeared again. Clearly one of his links had something that got picked up.

I know, for 2 days now, the site is down. Anybody know what is up?

I knew I saw the powered hub thing mentioned before. Taken from: http://minepeon.com/index.php/Main_Page#Images

I like 8 and 10. I think it would be nice to have a shirt with visual that captured what BTC does, maybe in a symbolic way or the like.

But note - I am a bit of a dreamer/visionary and inspired by BTC.

Yes and when I saw the "upgraded" message I thought "What are the chances this happens right now?" I mean I checked it for 20 seconds today - right then...

Perhaps it was other shirts I've seen with $ on them. Then relay that to BTC. It is a similar symbol in the sense of "money". Don't get me wrong, I love Bitcoin and perhaps I'm being too critical and in the minority, but the symbology associate with the BTC and the $ are kind of... similar. I just see it as so much more, but perhaps that is hard to capture...

In plain English, and not to sound too hard, but it is "cheapening" things down to just the level of money. But point taken that it is over all the world. A couple of $ or Euro symbols on their side, or sinking, might have made me felt better (kidding).