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[Manticore]

The first sell of was in 2011 and teh big  one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

All the local people contacting me to buy bitcoins seem to think differently.  And this is rural West Virginia, where 98% of people are still stuck 30 years in the past.  MtGox isn't that important.

That's even scarier and more consistent with a bubble.

[jubalix]

Since everybody is so fond of this picture on downturns.

nope.jpg

institutional investors have not even touched BTC nor would they at this point

[arepo]

this may be true, but if so the time scale is quite large and so there is a large risk of the model breaking down due to complications (rise of another crypto, federal action, protocol exploit). if anything perturbs the bitcoin ecosystem, it will not look like this. if infrastructure scales properly and everything else goes right, this could be the decade-view.

[Rampion]

we're going to fly right past 'normal' and overcorrect back into misery again. we've probably already departed from sustainable prices, at this rate.

Exactly.

Press releases, hoarding, and, Mt Gox (who IMO does everything they can to 'cool down' any natural sell-off then blames it on dark forces because Bitcoin apparently never goes down unless there is a nefarious scheme), will produce bubble after bubble until people finally lose interest.

There is no normal. If any of you really love Bitcoin, you don't want it to go up like this day after day......

THIS +1000

[DoomDumas]

With argentina and china people rushing to BTC, (Hyperinflation in Argentina, Q-Coin person to person trading stopped by chineese govt, and soon after, Chineese every-day folks discovering BTC..

EUR not fixed at all, then europe still going BTC at faster rate..

Soon american will understand that, in fact, they are (economicaly speaking) much more fucked up than Europe, and will ruch the remains to BTC too. 

TradeHill and CoinLab+Silicon Valey Bank giving acess to BIG Pocket to invest in BTC via funds..

MtGox fiat money inputs (In-Out) constantly growing (+14M U$ / day),

Volume of exchanges that are well over year moving average,
MtGox's volume share begins to split among competition.

Mass media attention that BTC got last weeks, now more than 1% world population are aware of BTC and start acting accordingly.

Many things comming up, Western Union/MoneyGram, PayPal, others.. 

Watch out for BTC priced at more than 1k U$ before 12 month from now..


Put you money where your mouth is, like me !
Agree or not, bet on the statement in my signature !

[ruski]

With argentina and china people rushing to BTC, (Hyperinflation in Argentina, Q-Coin person to person trading stopped by chineese govt, and soon after, Chineese every-day folks discovering BTC..statement in my signature ![/u]

Aren't every day chinese people still discovering production lines and agriculture?

[DoomDumas]

Nice Sig Rampion :
The block size is an intentionally limited economic resource, just like the 21,000,000-bitcoin limit. Changing that vastly degrades the economics surrounding bitcoin, creating many negative incentives. Jeff Garzik
I tend to agree with this Garzik quote..  Very toughtfull !

[UltimateReaper]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

[DoomDumas]

With argentina and china people rushing to BTC, (Hyperinflation in Argentina, Q-Coin person to person trading stopped by chineese govt, and soon after, Chineese every-day folks discovering BTC..statement in my signature ![/u]

Aren't every day chinese people still discovering production lines and agriculture?

I mean that Chineese tends to be gamblers, and gamers, they have more guts than most other culture, and they are very intensive at what they do.. After all, from wich country came the fisrt commercially availlable ASIC miner.. They are very efficient at what they do, diligent worker and passionate poeples.. and now, they seem to have a growing interest about BTC... Watch out

[ruski]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

You must not be reading the same forum as I, there's plenty of naysayers. Mostly of the "I WANT TO BUY LOWER" variety.

[ruski]

With argentina and china people rushing to BTC, (Hyperinflation in Argentina, Q-Coin person to person trading stopped by chineese govt, and soon after, Chineese every-day folks discovering BTC..statement in my signature ![/u]

Aren't every day chinese people still discovering production lines and agriculture?

I mean that Chineese tends to be gamblers, and gamers, they have more guts than most other culture, and they are very intensive at what they do.. After all, from wich country came the fisrt commercially availlable ASIC miner.. They are very efficient at what they do, diligent worker and passionate poeples.. and now, they seem to have a growing interest about BTC... Watch out

I know, that was a cheap racist laugh coming from an Aussie with chinamen as far as the eye can see. Good on the Chinese if they get into it.

[notme]

The first sell of was in 2011 and teh big  one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

All the local people contacting me to buy bitcoins seem to think differently.  And this is rural West Virginia, where 98% of people are still stuck 30 years in the past.  MtGox isn't that important.

That's even scarier and more consistent with a bubble.

Then why are they still looking to buy after it "popped"?

To be fair, I do live near WVU and a few other schools, so my 98% estimation is probably a bit high for this particular region.  It is more representative of the area I lived in during high school.

[DoomDumas]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

I've always been positive, since my first trade (BTC for Fiat) when they traded at 0.15$/BTC.. I've bought and sold a lot since then, never regrets a transaction, alway been positive..

The history tends/seems to always repeat itself..

Indeed, the rate of echange can fall, maybe in the 2 digits, but BTC are quite unusual, by it nature, nothing comares, so I've bet on the rise, and I'm just looking for more opportunity to get more involved, asap !

[UltimateReaper]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

You must not be reading the same forum as I, there's plenty of naysayers. Mostly of the "I WANT TO BUY LOWER" variety.

Really? I'm not sure. Everyone seems to be saying it's going to rise and be wonderful... but I've never trusted the masses... maybe it's just my latent narcissism speaking, but I feel like this would be the perfect moment to deal a crippling blow to bitcoin.

Ah. Maybe I'll just take a break and see how things pan out over the course of a week. I'm pretty new to this so the more I can learn the better. I'm not exactly rolling in dough either so it's not like I'll miss out on much.

[batcoin]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

You must not be reading the same forum as I, there's plenty of naysayers. Mostly of the "I WANT TO BUY LOWER" variety.

Really? I'm not sure. Everyone seems to be saying it's going to rise and be wonderful... but I've never trusted the masses... maybe it's just my latent narcissism speaking, but I feel like this would be the perfect moment to deal a crippling blow to bitcoin.

Ah. Maybe I'll just take a break and see how things pan out over the course of a week. I'm pretty new to this so the more I can learn the better. I'm not exactly rolling in dough either so it's not like I'll miss out on much.

I know where you are coming from. The thing to keep in mind is that we are not the masses. We are currently the tiny minority. You and I (and many others on this forum) are grouped together due to like-mindedness so that gives the impression of being in the masses. The masses bought facebook stock. The masses are not yet buying bitcoin.

[UltimateReaper]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

I've always been positive, since my first trade (BTC for Fiat) when they traded at 0.15$/BTC.. I've bought and sold a lot since then, never regrets a transaction, alway been positive..

The history tends/seems to always repeat itself..

Indeed, the rate of echange can fall, maybe in the 2 digits, but BTC are quite unusual, by it nature, nothing comares, so I've bet on the rise, and I'm just looking for more opportunity to get more involved, asap !

I actually agree with the sentiments of the more seasoned investors, traders, buyers and sellers here, but I have a problem you see.

I am poor.

Because I am new to this I've missed every dip and smart decision that would have multiplied me some hefty (at least for me) gains. I don't want to make the same mistake again so soon. So I'm just going to see how the current market trend pans out over the next week or so.

[notme]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

I've always been positive, since my first trade (BTC for Fiat) when they traded at 0.15$/BTC.. I've bought and sold a lot since then, never regrets a transaction, alway been positive..

The history tends/seems to always repeat itself..

Indeed, the rate of echange can fall, maybe in the 2 digits, but BTC are quite unusual, by it nature, nothing comares, so I've bet on the rise, and I'm just looking for more opportunity to get more involved, asap !

I actually agree with the sentiments of the more seasoned investors, traders, buyers and sellers here, but I have a problem you see.

I am poor.

Because I am new to this I've missed every dip and smart decision that would have multiplied me some hefty (at least for me) gains. I don't want to make the same mistake again so soon. So I'm just going to see how the current market trend pans out over the next week or so.

Dollar cost average.

Every pay check put $X into bitcoin.  You will buy more when it is cheaper and less when it is more expensive, giving you a good average price.  Since most fees are percentage based and not flat fees, it doesn't make a difference if X is $1000 or $5..

[UltimateReaper]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

You must not be reading the same forum as I, there's plenty of naysayers. Mostly of the "I WANT TO BUY LOWER" variety.

Really? I'm not sure. Everyone seems to be saying it's going to rise and be wonderful... but I've never trusted the masses... maybe it's just my latent narcissism speaking, but I feel like this would be the perfect moment to deal a crippling blow to bitcoin.

Ah. Maybe I'll just take a break and see how things pan out over the course of a week. I'm pretty new to this so the more I can learn the better. I'm not exactly rolling in dough either so it's not like I'll miss out on much.

I know where you are coming from. The thing to keep in mind is that we are not the masses. We are currently the tiny minority. You and I (and many others on this forum) are grouped together due to like-mindedness so that gives the impression of being in the masses. The masses bought facebook stock. The masses are not yet buying bitcoin.

Hm. I see. I was mostly referring to the "majority" of people buying and selling bitcoin. I do not believe it is likely or possible that most of the poeple on this forum are making gains and feel like at least half are taking losses. Even though I made a bunch of mistakes I still came out with tiny gains but learned a lot of tough lessons.

If people are greedy and not afraid than it makes me afraid.

I mean... all it's going to take is one major unexpected technical error or great even to send the value of bitcoin plummeting to oblivion.

I mean logically, bitcoin just reached it's highest peak and crash ever. If another large blow were dealt to bitcoin so soon... its possible we may hit rock bottem for a time.

Long term I'm sure things will skyrocket, but right now I just can't help but wonder.

[UltimateReaper]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

I've always been positive, since my first trade (BTC for Fiat) when they traded at 0.15$/BTC.. I've bought and sold a lot since then, never regrets a transaction, alway been positive..

The history tends/seems to always repeat itself..

Indeed, the rate of echange can fall, maybe in the 2 digits, but BTC are quite unusual, by it nature, nothing comares, so I've bet on the rise, and I'm just looking for more opportunity to get more involved, asap !

I actually agree with the sentiments of the more seasoned investors, traders, buyers and sellers here, but I have a problem you see.

I am poor.

Because I am new to this I've missed every dip and smart decision that would have multiplied me some hefty (at least for me) gains. I don't want to make the same mistake again so soon. So I'm just going to see how the current market trend pans out over the next week or so.

Dollar cost average.

Every pay check put $X into bitcoin.  You will buy more when it is cheaper and less when it is more expensive, giving you a good average price.  Since most fees are percentage based and not flat fees, it doesn't make a difference if X is $1000 or $5..

Thank you for the advice. That makes a lot of sense and I hadn't even considered it. In fact that is a beautiful strategy. I thank you for your insight.

Now all I need is a job! All hail America! All hail inflation and unsustainable trillions in debt that seems to be rising after some of the worst financial decisions in U.S. history created monstrous financial corporations into supreme power furthering the degradation of capitalism and death of the American dream!

Ah... I miss work.... working 7 days a week.... making less than a part time worker.... what a beautiful world. 

[notme]

The reason I'm afraid to buy back right now and not on a dip is how overwhelmingly positive and optimistic everyone is at the moment.

Clearly this cannot be a good sign.

I've always been positive, since my first trade (BTC for Fiat) when they traded at 0.15$/BTC.. I've bought and sold a lot since then, never regrets a transaction, alway been positive..

The history tends/seems to always repeat itself..

Indeed, the rate of echange can fall, maybe in the 2 digits, but BTC are quite unusual, by it nature, nothing comares, so I've bet on the rise, and I'm just looking for more opportunity to get more involved, asap !

I actually agree with the sentiments of the more seasoned investors, traders, buyers and sellers here, but I have a problem you see.

I am poor.

Because I am new to this I've missed every dip and smart decision that would have multiplied me some hefty (at least for me) gains. I don't want to make the same mistake again so soon. So I'm just going to see how the current market trend pans out over the next week or so.

Dollar cost average.

Every pay check put $X into bitcoin.  You will buy more when it is cheaper and less when it is more expensive, giving you a good average price.  Since most fees are percentage based and not flat fees, it doesn't make a difference if X is $1000 or $5..

Thank you for the advice. That makes a lot of sense and I hadn't even considered it. In fact that is a beautiful strategy. I thank you for your insight.

Now all I need is a job! All hail America! All hail inflation and unsustainable trillions in debt that seems to be rising after some of the worst financial decisions in U.S. history created monstrous financial corporations into supreme power furthering the degradation of capitalism and death of the American dream!

Ah... I miss work.... working 7 days a week.... making less than a part time worker.... what a beautiful world. 

Employment has been higher than average the past few years here in West Virginia and there are plenty of companies looking for workers.  Sure, you have to give up living on top of your neighbors, but there is work available in America.