Warning: Bubble about to pop.

[BrewMaster]

The sentiment of people on this forum and other places where people speculate about prices are great for trading.

Majority of people say Bitcoin is dying with no evidence?  Time to buy.

Majority of people say Bitcoin is going to the moon with no evidence?  Time to sell Spend.

If there isn't a clear winner you just look at which ones are the most ridiculous, like this one.

I like your logic. But I did modify one thing. If you spend it on something you were going to buy anyway, you will not only save fees but strengthen the bitcoin economy. So if you can, consider spending.

Good point.  Unfortunately, a lot of the merchants who accept Bitcoin are going to sell it straight afterwards for the stability, but it's still better to spend as it makes it appealing for more merchants to start accepting it.

why do you even care what merchants do with what they receive
i read somewhere that according to bitpay many of them receive bitcoin from their service not the fiat value. of course bitpay provides receiving fiat and many of them do.
and by the way, coins that are sold have no effect on the market price.

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[Yuuto]

Some of the delusional minds here think that a cup and handle is forming or double shoulders making for crazy future prices.

I would like to remind everybody that this is not the case. This is a pure bubble that's on extreme tension.

The 2013 peak was caused by a hack, a bot at MtGox, not by real market trading. It is a false indicator and should be completely ignored in any TA.

This craze can't go on much longer before we crash hard again to $800-$1000.

You are warned.

it would seem that your warning isn't very creditable. thanks for the effort to try and warn of incoming doom, but the apocalypse ain't here yet hobo so go back to sleep in your dumpster. hint... just because bitcoin price/value goes up... doesn't mean its gonna go right back down. quite being willfully ignorant and trying to spread panic. its not your place and it wont end up making you any friends... or giving you a life.
things that influence bitcoin value negatively include dumping, media negativity, and governments/ organizations/ companies trying to bend bitcoin to there own will. positive affects on bitcoin include more new bitcoin users, media positive hype, and a wider base of acceptance.