We're WAY too CONFIDENT about the current BTC Price. See picture in topic.

[maursader]

Here's the char for the last running 12 months... ending with this month so far:

I'd like to point out the bubble that burst back in april. It didn't just fall from $266 to $200... it literally tanked. Now I'd like to draw your attention to the right side of this chart... see something similar?



Yep. If you're dealt with bitcoins for a long time, you'll know that history has repeated itself in the past with bitcoin (Remember the first time it hit $28?? haha.. yeah we were all shocked.)

Anyway, be very very very careful.

[maursader]

Same chart, with red circles:

[smoothie]

Same chart, with red circles:

One circle is is on the left and one on the right...

Gotcha! 

[maursader]

Haha yeah, had to point the obvious since I'm sure people will look at it and not see the pattern. But did you notice my point?

[derpinheimer]

Haha yeah, had to point the obvious since I'm sure people will look at it and not see the pattern. But did you notice my point?

Yup, hard to say though. There is an actual reason for the price rising, now. The Trust, and China.

Thats a lot of coins off the market. And price rise -> hype -> price rise.

[maursader]

True. It may be too soon to say, but, I sold today at $360 and it's dropped to about ~$339 soon after.

[papaminer]

Here is a much better CIRCLE



notice the blue circle?

notice the 2 blue circles?

notice the 2 blue circles INSIDE THE RED CIRCLES?

lol

[firstlast]

Lucky sell? I'm looking at the red circles but I still don't see any similarities besides the obvious.

[superduh]

you do know that those charts mean nothing if they aren't logarithmic. i hope you know what those are.

[piramida]

volume? Draw the same for BtcCNY you'll be surprised. MtGox is exactly half the volume of the last run up, but bitstamp has the missing half, and chinese one adds at least 50k per day. so no, the volume is there. large spikes which test the load tolerance of exchanges is yet to come during the crash, but so far it's a steady rise.

[pera]

you do know that those charts mean nothing if they aren't logarithmic. i hope you know what those are.

going parabolic in log = madness

[derpinheimer]

you do know that those charts mean nothing if they aren't logarithmic. i hope you know what those are.

going parabolic in log = madness

lmao, it looks even worse in log..

[superduh]

you do know that those charts mean nothing if they aren't logarithmic. i hope you know what those are.

going parabolic in log = madness

"starting to" like when btc went from 10 to 250+ we are at the 30 stage now

[theonewhowaskazu]

you do know that those charts mean nothing if they aren't logarithmic. i hope you know what those are.

going parabolic in log = madness

Madness? This is bitcoin!

[calian]

True. It may be too soon to say, but, I sold today at $360 and it's dropped to about ~$339 soon after.

So you sold on gox? I was wondering who still did that.

[firstlast]

Hope you bought back in. BTW that last green candle is pretty freakin' tall.

[maursader]

True. It may be too soon to say, but, I sold today at $360 and it's dropped to about ~$339 soon after.

So you sold on gox? I was wondering who still did that.

No, I'm using gox's chart as a standard. I use Cavirtex.com to trade.

[Kazimir]

Lots of people are still WAY too confident in the current value of the US Dollar. Being air funded and all, having Ben Bernanke screwing up beyond belief, I say it's an accident waiting tot happen.

Current USD value is still very high, it may easily fall below 0.001 BTC.

[F-bernanke]

Lots of people are still WAY too confident in the current value of the US Dollar. Being air funded and all, having Ben Bernanke screwing up beyond belief, I say it's an accident waiting tot happen.

Current USD value is still very high, it may easily fall below 0.001 BTC.

Right on, Fuck Bernanke (see my username)! Also Yellen will continue to leech the people all around the world. Thats why I love the phrase "bitcoin is a human rights organisation".

[Kluge]

True. It may be too soon to say, but, I sold today at $360 and it's dropped to about ~$339 soon after.

So you sold on gox? I was wondering who still did that.

Hehe, I decided to try a couple days ago, to double-check that they're as bad as I've been suggesting. I only had Dwolla linked, was AML-verified ages ago, so tried to link new bank account for wire AFTER selling BTC.

"Hello Kludge,

We regret to inform you that the Withdrawal Centre method you created for CP FCU on Fri 08 Nov 2013 05:27:51 PM GMT was rejected by our validation system, for the following reason :

To have your bank account verified you should first fill in the identity form associated to your Mt.Gox account(write in your name, DOB, address etc).

In order you can do that, we have to downgrade your account. Once you filled the form, your account will be upgraded to "verified" status again.

When your account is downgraded you will not be able to complete trades or do any transactions, so we suggest you to finish all activities on your account, tell us that you are ready, we will downgrade your account, you will fill in the form and let us know asap that you are done so that your account can be returned to verified status quickly."

fuuuuuuuuuuuuck! Pretty confident in a crash, so just going to wait it out, convert to BTC, sell half on BFX, hold the rest.