why no harder crash ?

[piramida]

Right now, bitcoin price is driven 100% by speculation, greed, and blind "belief" that it is worth something.

How is that different from any other currency!? i.e. US Dollar.

any other currency has it's value set by central issuer bank.

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[traderCJ]

Right now, bitcoin price is driven 100% by speculation, greed, and blind "belief" that it is worth something.

How is that different from any other currency!? i.e. US Dollar.

You forgot Bitcoin is also being heavily driven by entrepreneurs offering new business and consumer services, that If become faster, more efficient and convenient than current methods whether it be paypal, or western union or whatever then Bitcoins value will be cemmented into the minds of people for the long term.

People just need to see the value of Bitcoin and it's uses, it's a superior method of payment than anything else out there, it's only a matter of time...

Well the sheeple like it when daddy says "yes, your paper will always be honored".

[Vandroiy]

Prices hardly ever just go straight down. It doesn't work like that.

It's called a bust. Look at gold in the last two years -- it got on a down-trend at some point, but was just moving randomly for quite a while after an initial crash. From an all-out, giant speculation mania, it usually takes a year or two. The Nikkei took a decade of repeatedly swinging about but ultimately dropping.

If this is going bust, it'll be a slow and painful process.

[Salivan]

Prices hardly ever just go straight down. It doesn't work like that.

It's called a bust. Look at gold in the last two years -- it got on a down-trend at some point, but was just moving randomly for quite a while after an initial crash. From an all-out, giant speculation mania, it usually takes a year or two. The Nikkei took a decade of repeatedly swinging about but ultimately dropping.

If this is going bust, it'll be a slow and painful process.

before it goes  boost it has to rise first, till now it was child play

[Holdaaja]

There you go

[Dragonkiller]

Was that hard enough for you?

[MatTheCat]

Pretty biased bearish choice of options.

Why didn't you include the obvious?

- This isn't a crash, just an adjustment.

- This dip was based on misinterpreted news and people are smartening up.

- Panickers ran out of coins to dump.

Sorry, but doing this to all the posters who have pi§§ed me off over the last few days, contributing towards blurring my judgement......


AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

yo FOOOOL!

[600watt]

Was that hard enough for you?

shit, kinda asked for it, didn´t i ? 

[wachtwoord]

Was that hard enough for you?

shit, kinda asked for it, didn´t i ? 

The question now is: was that it? Congrats to those that were able to buy sub-$400

[EuroTrash]

Here my day:

1. wake up early and hungover
2. see ticker on the phone "wtf this is too quick"
3. fire up tablet, read charts, read about Bobby Lee saying not to worry. Worry.
4. get out of bed, unlock cold storage, send a heavy load of coins to stamp and make a guess for the bottom
5. get ready to go to work
6. market sell order from phone
7. arrive to work
8. dollar cost averaging all the way from 15 dollars lower than current price to my guessed bottom.
9. wait.

Result: almost all my orders got filled. Rest bought below 500 when I saw signals of the tide turning. 13% more coins in my pocket.
Now I just need to convince myself to put the coins back in cold storage and NOT try to do that "one more trade" to profit from the inevitable suckers' rally.

[OleOle]

It's forcing out short-term traders and weak-hands. It will make BTC stronger. Just hold on to your bitcoins until Jan'2014!

I heard this kind of 'forcing out weak hands' crap from the silver rampers all the way down from $50 to $18 or whatever it is now.

Yeah, makes me laugh. Those who thought they had strong hands and refused to sell at over $1000 have now lost half the value of their holdings. Hopefully they are comforted by the thought that they are strong hands. I'm content that I sold out at $1000, it really was a freak show with all the circus heads trying to make themselves believe that coins would rally in the short term to $10000, talk about uber delusional. And now folks are trying to blame the Chinese for their losses rather than themselves... gimme a break.

Keep selling folks, it's going to go much lower and I'd like to see more blood on the streets before I buy back in with a grin.

 


-----

*raises a glass*

"To the Moon!"



Muahahahahahahahahahahahahaha!!!!!!!!!!!!!  

[wobber]

It's forcing out short-term traders and weak-hands. It will make BTC stronger. Just hold on to your bitcoins until Jan'2014!

I heard this kind of 'forcing out weak hands' crap from the silver rampers all the way down from $50 to $18 or whatever it is now.

Yeah, makes me laugh. Those who thought they had strong hands and refused to sell at over $1000 have now lost half the value of their holdings. Hopefully they are comforted by the thought that they are strong hands. I'm content that I sold out at $1000, it really was a freak show with all the circus heads trying to make themselves believe that coins would rally in the short term to $10000, talk about uber delusional. And now folks are trying to blame the Chinese for their losses rather than themselves... gimme a break.

Keep selling folks, it's going to go much lower and I'd like to see more blood on the streets before I buy back in with a grin.

 


-----

*raises a glass*

"To the Moon!"



Muahahahahahahahahahahahahaha!!!!!!!!!!!!!  

True, but one doesn't really loose until they sell. I for one have a clear target and won't sell even if it goes 100

[novymivo]

Here my day:

1. wake up early and hungover
2. see ticker on the phone "wtf this is too quick"
3. fire up tablet, read charts, read about Bobby Lee saying not to worry. Worry.
4. get out of bed, unlock cold storage, send a heavy load of coins to stamp and make a guess for the bottom
5. get ready to go to work
6. market sell order from phone
7. arrive to work
8. dollar cost averaging all the way from 15 dollars lower than current price to my guessed bottom.
9. wait.

Result: almost all my orders got filled. Rest bought below 500 when I saw signals of the tide turning. 13% more coins in my pocket.
Now I just need to convince myself to put the coins back in cold storage and NOT try to do that "one more trade" to profit from the inevitable suckers' rally.

well done

[MatTheCat]

The question now is: was that it? Congrats to those that were able to buy sub-$400

But only if they are smart enough to sell before it goes back below $400.

Which I, at this moment it time, believe it will.

Bitcoin = not to be played with for time being.

[EuroTrash]

The question now is: was that it? Congrats to those that were able to buy sub-$400

But only if they are smart enough to sell before it goes back below $400.

Which I, at this moment it time, believe it will.

Bitcoin = not to be played with for time being.

It is a possibility, like it's also a possibility that you missed the train.

[wachtwoord]

The question now is: was that it? Congrats to those that were able to buy sub-$400

But only if they are smart enough to sell before it goes back below $400.

Which I, at this moment it time, believe it will.

Bitcoin = not to be played with for time being.

No, that's nonsense. Just hold. Who cares if it goes back down again? Just an opportunity to buy more.

[johnyj]

The truth is: During each rally, some part of the coins were spread to new adopters, the coin supply are getting less and less each passing day, it will never crash too much, since there are just not enough coins for sell