Duble Digit Belieber's Club:

[BitcoinAshley]

Hey double digit believers,

In case you haven't noticed, there's been a concerted effort lately to keep the price AT OR AS CLOSE TO $100 AS POSSIBLE.

Somebody (Or group of somebodies) wants BTCUSD to be $100 for a while.

This person is REALLY GOOD at what they are doing, and have been VERY successful.

So, please, the second price goes from $101 to $99, that does not give you the license to FUD around "OMG back to double digits, no media attention, low volume, public losing interest, we're fucked, get out while you can." 'Specially when it touches $100 again within 10 minutes of you posting.

Look at the price history the past couple weeks, and observe the "deep pockets at work." Price-fixing is easy with low volume. Now, look at price history the past couple months. Highs are getting lower but lows are getting higher. We're in a high/low wedge of epic proportions and pressure is building. What happens next? Well, ask yourself how much faith you have in fiat currencies.
What do the nuts say? Deflation of USD first, then hyperinflation due to CB response and ongoing market frailty. Assbackwardation, free fall, fixed prices, hey, Venezuela actually has a toilet paper shortage, did you know that? So hold on to your bitcoins. Unlike fiat, they do not have intrinsic value as toilet paper so you might want to hold onto some Fiat as well incase the local Kruger's runs out of Scotties Thuper-Thenthitive. 

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[Frozenlock]

I'm all out.

You're all in?

[BitcoinAshley]

Now why would I disclose my position? That would spoil the fun   

[Bitcoin BEAR]

http://www.youtube.com/watch?v=QyAgWQqL-bE

[notme]

I beliebe!

[notme]

The last time it tipped up was May 16th, 2012.

It it was also very stable for much longer.  However, this time we don't have any pirates trying to peg it.... or do we.

[N12]

It's about triple digit believers now. The last believer (MtGox) has lost faith.

[MAbtc]

Proud member

Some of these threads will be great bumps.

[smoothie]

I guess Justin Bieber (Beiber?) should join this club!

lol 

[blackreplica]

As bullish as I am about bitcoin it is really hard to believe some benevolent market stabiliser is out there pulling puppet strings keeping the price at or about 100usd per.

It's also a dangerous thing to accept without strong evidence as it could lead to some bad decisions made further down the line.

My take is as long as we don't break new lows, we're still ok. Below $88, even a little, and we're fucked

Bottom feeders will set buys above this price but if one whale decides to cash out and it punches through the walls i see long term prices stabilising around 50-80

[samson]

As bullish as I am about bitcoin it is really hard to believe some benevolent market stabiliser is out there pulling puppet strings keeping the price at or about 100usd per.

There's nothing benevolent about it. People want to unload millions of dollars of BTC to anyone who will buy it for as much as possible.

[Jaroslaw]

im single digits fan

[blackreplica]

As bullish as I am about bitcoin it is really hard to believe some benevolent market stabiliser is out there pulling puppet strings keeping the price at or about 100usd per.

There's nothing benevolent about it. People want to unload millions of dollars of BTC to anyone who will buy it for as much as possible.

If that were true then there would be no reason for the manipulator to buy back in to keep the price at 100. He would be better off selling incrementally into the market price without moving it in either direction

[notme]

As bullish as I am about bitcoin it is really hard to believe some benevolent market stabiliser is out there pulling puppet strings keeping the price at or about 100usd per.

There's nothing benevolent about it. People want to unload millions of dollars of BTC to anyone who will buy it for as much as possible.

If that were true then there would be no reason for the manipulator to buy back in to keep the price at 100. He would be better off selling incrementally into the market price without moving it in either direction

No, he would not.  This would show up in the charts and technical analysts would start to front run him.  It is better to trade around your target than trade all on one side.

[Rampion]

My take is as long as we don't break new lows, we're still ok. Below $88, even a little, and we're fucked

No, we are not fucked. We are cool. The cheaper the coins are, the more you can buy.

Obviously you need a handful of fiat for that. I have it prepared, do you?

[bitleif]

In case you haven't noticed, there's been a concerted effort lately to keep the price AT OR AS CLOSE TO $100 AS POSSIBLE.

[...]

This person is REALLY GOOD at what they are doing, and have been VERY successful.

Yes, this person is called the market.

[MAbtc]

Hey double digit believers,

In case you haven't noticed, there's been a concerted effort lately to keep the price AT OR AS CLOSE TO $100 AS POSSIBLE.

Somebody (Or group of somebodies) wants BTCUSD to be $100 for a while.

This person is REALLY GOOD at what they are doing, and have been VERY successful.

So, please, the second price goes from $101 to $99, that does not give you the license to FUD around "OMG back to double digits, no media attention, low volume, public losing interest, we're fucked, get out while you can." 'Specially when it touches $100 again within 10 minutes of you posting.

FYI, 17 hours later, we have dropped to a low of 92.25 with virtually no bounce (certainly nowhere near 100). Awesome theory.

[samson]

We are definitely in double digit territory now

[BitSmile]

im single digits fan

You are an internet troll.

[blackreplica]

My take is as long as we don't break new lows, we're still ok. Below $88, even a little, and we're fucked

No, we are not fucked. We are cool. The cheaper the coins are, the more you can buy.

Obviously you need a handful of fiat for that. I have it prepared, do you?

I bought my stack at $10. Have fun with your fiat