Yet another analyst :)

[myself]

@ Siu, Ryn, WA and lucif dont talk to food make money and move on, you dont need validation

[lucif]

@ Siu, Ryn, WA and lucif dont talk to food make money and move on, you dont need validation

I just entertaining here =) Seems there are no other reasons for this topic rather I bored during trading.

I don't have other interest in this show and I already got 45 ignores lol

[BrightAnarchist]

Quite a breakdown today.

[N12]

The Great Dollar Extraction.

[lucif]

[b!z]

Colored Bitcoins (almost same as bitcoins) can be used for $ transfers.

a) to make your bitcoin colored, you have to deposit $10,000/BTC (in special account)
b) if you have Colored Bitcoin then you can anytime withdraw $10,000/BTC (from special account) and make them an ordinary bitcoins.

question: how to build bank account where you can deposit money and NOBODY can seize it ?

Offshore banking or OTC transfers

[siulynot]

Almost done with the pullback, ready for the big drop??? >

[Dalib]

Almost done with the pullback, ready for the big drop??? >

it looks like it

[samson]

Almost done with the pullback, ready for the big drop??? >

Well it doesn't look like it's about to rally.

Considering coins are now meant to be cheap I don't see people rushing to buy them.

I'm eagerly awaiting the large down movement Lucif predicted a long time ago.

[cloon]

here's a very bearish count:

[lucif]

One of daily candidates

[BrightAnarchist]

Nice charts lucif.

BTW although Wave C has *finally* brought some recognition among bitcoiners that we've been in a bear market since the ATH, there's absolutely no dearth of perma-bulls, and therefore this bear still has a long way to go - please observe the responses to the following post (important psychological statements in bold):

I am seriously considering getting out of this game. Give some strength bros!

EDIT: I sold some of my Bitcoins but I will still hold fairly good amount of BTC for the longest time.

Note that he's "considering" but hasn't acted yet, which is the crucial part. Also, the responses are amazing:

I won't give any strength, but I'll give you some USD for some cheap BTC.

I've been buying like crazy.

Hang on tight. Don't lose faith. This is time to buy up more coins while we go through this period of slow down.

I am seriously considering getting out of this game. Give some strength bros!

I'm still holding. Looking at the bubbles the last 2 years, the price will recover and go higher than before. If you are so damn sure it will go low, you can sell your coins and try to buy in lower but it's a big risk.
I'm holding out for sure until Winklevoss IPO hits which values coins at $100 each. Lets see if the institutional investors like Bitcoin, easy to purchase a stake in.

Chill out man, worst case scenario, hold your bitcoins for a year and make a massive profit.

People will NOT be talking like this at the next major bottom.

[Frozenlock]

What I don't understand is the number of 2011 survivors that still don't see it. 

[Viceroy]

 Poll
Question:    One bitcoin will be worth more than $10,000 before the year
2014    18 (5.8%)
2015    57 (18.2%)
2020    95 (30.4%)
2025    21 (6.7%)
2030    11 (3.5%)
2035    4 (1.3%)
2040    27 (8.6%)
never    80 (25.6%)

Total Voters: 313

https://bitcointalk.org/index.php?topic=245816.0

75% of poll takers BELIEVE btc is going to $10,000

[Jozzaboy]

Nice charts lucif.

BTW although Wave C has *finally* brought some recognition among bitcoiners that we've been in a bear market since the ATH, there's absolutely no dearth of perma-bulls, and therefore this bear still has a long way to go - please observe the responses to the following post (important psychological statements in bold):

I am seriously considering getting out of this game. Give some strength bros!

EDIT: I sold some of my Bitcoins but I will still hold fairly good amount of BTC for the longest time.

Note that he's "considering" but hasn't acted yet, which is the crucial part. Also, the responses are amazing:

I won't give any strength, but I'll give you some USD for some cheap BTC.

I've been buying like crazy.

Hang on tight. Don't lose faith. This is time to buy up more coins while we go through this period of slow down.

I am seriously considering getting out of this game. Give some strength bros!

I'm still holding. Looking at the bubbles the last 2 years, the price will recover and go higher than before. If you are so damn sure it will go low, you can sell your coins and try to buy in lower but it's a big risk.
I'm holding out for sure until Winklevoss IPO hits which values coins at $100 each. Lets see if the institutional investors like Bitcoin, easy to purchase a stake in.

Chill out man, worst case scenario, hold your bitcoins for a year and make a massive profit.

People will NOT be talking like this at the next major bottom.

Oh I am just watching history. You make it seem like Bitcoin has never had a bubble before. This will capitulate somewhere and it will rise again. Time just moves ever so quickly with Bitcoin...

[samson]

What I don't understand is the number of 2011 survivors that still don't see it. 

I wasn't around Bitcoin in 2011 but selling all my Bitcoins in the $160's was a good move at the end of April.

After the crash from $266 first started I found it hard to believe in any of the rises although I did buy into and profit from a couple of them, they're all just bounces on the way down as far as I'm concerned.

I'm still waiting for lower prices.

I find Lucif's charts useful and always have.

[zby]

...

Oh I am just watching history. You make it seem like Bitcoin has never had a bubble before. This will capitulate somewhere and it will rise again. Time just moves ever so quickly with Bitcoin...

My theory is that now it can take longer than in 2011 - there is more money in the market and more BTC, the mass will move slower.

[Rampion]

...

Oh I am just watching history. You make it seem like Bitcoin has never had a bubble before. This will capitulate somewhere and it will rise again. Time just moves ever so quickly with Bitcoin...

My theory is that now it can take longer than in 2011 - there is more money in the market and more BTC, the mass will move slower.

Yeah, it looks like that. Now everybody is aware that BTC already survived a massive bubble deflation, so there are not so many "Bitcoin is a scam" believers. That and the bigger USD volume thrown at BTC during this bubble will make perma-bulls to live in a longer denial, thus lengthening their own suffering.

Still a couple of epic traps to go before despair and capitulation. I still don't think that the bear will last for multiple years as Birght Anarchist says, for sure many months to come, but 2/3 years seems a bit too much for BTC standards. Anyhow, BrightAnarchist got it right so far, let's grab some popcorn and see how this plays out.

[Jozzaboy]

...

Oh I am just watching history. You make it seem like Bitcoin has never had a bubble before. This will capitulate somewhere and it will rise again. Time just moves ever so quickly with Bitcoin...

My theory is that now it can take longer than in 2011 - there is more money in the market and more BTC, the mass will move slower.

Yeah, it looks like that. Now everybody is aware that BTC already survived a massive bubble deflation, so there are not so many "Bitcoin is a scam" believers. That and the bigger USD volume thrown at BTC during this bubble will make perma-bulls to live in a longer denial, thus lengthening their own suffering.

Still a couple of epic traps to go before despair and capitulation. I still don't think that the bear will last for multiple years as Birght Anarchist says, for sure many months to come, but 2/3 years seems a bit too much for BTC standards. Anyhow, BrightAnarchist got it right so far, let's grab some popcorn and see how this plays out.

The more traps the better. I can multiply my holdings. This is an excellent example right..... now.

[axefrog]

The more traps the better. I can multiply my holdings. This is an excellent example right..... now.

How do you identify a bear trap though? The market can go either way for a variety of reasons. Are you just guessing based on experience and a gut feeling?