Are we back in a bull market?

[windjc]

The government of the most powerful country in the world just basically shut down the largest Bitcoin exchange in the world and this is it? We are back? Amusing.

We are going a long way down now. This seems to be just the start of government regulation.

+1

See you guys sub $10 in 2014.

Ok Porc. See you in regret land.

LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin.

Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014.

 

Lol. You are praising a falling star (crashing would be more accuarte).

The US is the biggest debtor of them all. Huge liabilities, big government mentality, anti free market philosophy is on the rise and Obama is a socialist in office. The FED is printing like there is no tomorrow. Americans are consume (debt financed) and produce nothing.

China on the other hand is one of the largest creditors, is liberating its markets (as it has been burned by communism), and is actually moving away from the dollar (China has been propping up US consumption and living standards). Once the yuan is free floating (not pegged to the dollar) and once the dollar crashes, you will hopefully wake up! The Chinese save (one of the highest saving rates in the world) and produce!

China is the future.

Even bigger LOL at you thinking that the US government will be more friendly to bitcoin, if it feels threatened by it (dollar monopoly=power remember?).

Yeah, yeah, yeah. Been hearing this for years.

Guess what, a communist country with few allies will never be a world "leader." America's military industrial complex is the backbone of the 1st world nations' security.

The dollar is going to $0. Ok, let me know when that happens.

Meanwhile, while you waiting for the zombie apocalypse, the rest of us will be waving at you from $2000 in 2014.

[TERA]

The dollar is going to $0. Ok, let me know when that happens.

You're right. I don't see the dollar over going to $0. Historically it's stayed flat at exactly $1.

[windjc]

The dollar is going to $0. Ok, let me know when that happens.

You're right. I don't see the dollar over going to $0. Historically it's stayed flat at exactly $1.

Good historical observation. lol

I meant 0 Yen. 

[notig]

The government of the most powerful country in the world just basically shut down the largest Bitcoin exchange in the world and this is it? We are back? Amusing.

We are going a long way down now. This seems to be just the start of government regulation.

+1

See you guys sub $10 in 2014.

Ok Porc. See you in regret land.

LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin.

Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014.

 

Lol. You are praising a falling star (crashing would be more accuarte).

The US is the biggest debtor of them all. Huge liabilities, big government mentality, anti free market philosophy is on the rise and Obama is a socialist in office. The FED is printing like there is no tomorrow. Americans are consume (debt financed) and produce nothing.

China on the other hand is one of the largest creditors, is liberating its markets (as it has been burned by communism), and is actually moving away from the dollar (China has been propping up US consumption and living standards). Once the yuan is free floating (not pegged to the dollar) and once the dollar crashes, you will hopefully wake up! The Chinese save (one of the highest saving rates in the world) and produce!

China is the future.

Even bigger LOL at you thinking that the US government will be more friendly to bitcoin, if it feels threatened by it (dollar monopoly=power remember?).

we americans produced twerking....

[Xiaoxiao]

We are in a fool's market that's for sure!

[outofservice]

All I know is I bought my first 5 BTC on Monday at $700. I then found myself sitting in front of the computer early Wednesday morning in horror at the price at $429. I refused to look at the price again until my coins arrived in Coinbase this morning, and was very surprised and relieved to see $699. I couldn't hit the sell button fast enough. I guess I'm going to have to wait 30 days for my next purchase, that 4 day wait is brutal.

Once your btc post to your Coinbase account move it to one of these for immediate trades where funds are kept on site:
These 3 are immediate exchange once your sign up
Camp BX
Bitfinex
BTC-E
.....Not sure but maybe Mt. Gox also

Bitstamp (You need to verify your account before moving coin there with a couple diff docs)

[U1TRA_L0RD]

if the price wasn't still following btcchina so much

The exchange rate has been going up for about 24 hours straight.

BTCChina has had the lowest exchange rate during that entire period (Gox, Stamp, BTC-e, BTCChina).

How does that translate into, "The price is following BTCChina"?

Yes, I see that Mtgox prices when up to over $800, I want to see it go past $1,000 again.

[Honeypot]

People bitching about 'fall of america' will slink back to their little holes when their exports hit a snag and all of a sudden their currency is worth 15% less than a month ago.....lol

US: We print money, you take the hit for inflation.

Global economics in post modern age is a funny thing eh?

People have been preaching about 'fall of America since its independence, doing all it can to believe they are not as flawed. Every contender, challenger, etc. etc.

US doesn't give a fuck

[segeln]

The topic is:
Are we back in a bull market ?
My answer is: we have never been out of a bull market since 2011

This  longterm- chart is imho the most important chart I ever have seen.
Note the slowly ascending line, which got 5 to 6 supporting points where the BTC Price touched this line.
But never got under the line.
So, every "chrash" of the BTC-Price happened to be inside the 2 ascending lines.
We have a very stable bullish trend. even a 90 % (!!!) dip won`t harm  BTC.
Interpretation of the professional chartanalyst of Godmode-trader.de by 18/11/2013

A Rally acceleration is going on which could push up the Price up to the potential trendchannel top at about 2.400 to 2.600 Dollar.
From there could start a correction which might be finished in the bullish Version in a few month at an high Level.
After that another Rally acceleration is possible.
Prices up to 15.000 or 100.00 Dollar seem to be utopic at this time but from the chart-analytic Point of view they are possible without any Problems.
The amount would be not more than the first Rally from 2010 to mid 2011.

[cr1776]

The topic is:
Are we back in a bull market ?
My answer is: we have never been out of a bull market since 2011

This  longterm- chart is imho the most important chart I ever have seen.
Note the slowly ascending line, which got 5 to 6 supporting oints where the BTC Price touched this line.
But never got under the line.
So, every "chrash" of the BTC-Price happend to be inside the 2 ascending lines.
We have a very stable bullish trend. even a 90 % (!!!) dip won`t harm  BTC.

Exactly.  And given the investments (in companies and btc itself) coming in 2014, it seems unlikely it won't continue.

[bonecoin]

I have been observing the market only for the last 1-2 months and I have started to understand the psychology of the price movements. There was a bubble caused by the Chinese where the price hit 1200. It went up too fast so at the first hint of negative news it came down hard. Since the low of 450 a new floor of 600 has been established and we have not seen the price below 700 in a week despite occasional negative news items from China and India. This shows that the market is more resilient and has established a more permanent value.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.

[T.Stuart]

I have been observing the market only for the last 1-2 months and I have started to understand the psychology of the price movements. There was a bubble caused by the Chinese where the price hit 1200. It went up too fast so at the first hint of negative news it came down hard. Since the low of 450 a new floor of 600 has been established and we have not seen the price below 700 in a week despite occasional negative news items from China and India. This shows that the market is more resilient and has established a more permanent value.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.

I think you are more or less right in your predictions, although I believe growth will be a bit steeper.

[U1TRA_L0RD]

I have been observing the market only for the last 1-2 months and I have started to understand the psychology of the price movements. There was a bubble caused by the Chinese where the price hit 1200. It went up too fast so at the first hint of negative news it came down hard. Since the low of 450 a new floor of 600 has been established and we have not seen the price below 700 in a week despite occasional negative news items from China and India. This shows that the market is more resilient and has established a more permanent value.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.

I think you are more or less right in your predictions, although I believe growth will be a bit steeper.

Although im not good at math, I do want to say that we are back in a bull market.

[T.Stuart]

Although im not good at math, I do want to say that we are back in a bull market.

So at least we have some things in common!

[U1TRA_L0RD]

Although im not good at math, I do want to say that we are back in a bull market.

So at least we have some things in common!

Maybe the markets will crash this year. hahaha, BTC is so unstable now becaue of MtGox bunch if losers.

[Jcw188]

We can't say we are back in a bull market until the all time high is broken.  Otherwise it could be headed to new lows.  Only time will tell.  I like that chart showing the channel and we can go down here and still be in the channel and still be in a bull market. Nothing says we have to break out above the channel, it iwll still keep going up.

[Lethn]

Never buy during a sudden price spike, ever, I'm looking at the PPC/BTC price now and that looks like a total bull trap as well, it's always better to buy at extreme lows when the market has settled down from what I've found.

[giarc]

I have my own model I trade with and based on that it is a bull trap, my model could well be wrong however.

My prediction is that we will hit a minima of of around $360 USD as the market moves into panic mode, those with long term investment in mind will be able to enjoy this cheap period before the market corrects and the cycle starts again.

[giarc]

$360 gox price or stamp price?

gox

Might try applying my model to bitstamp in the future but would take a while.

[doingdoing3000]

you all dont know what you are talking about. you are trying to see the future from your knowlage from the past. (sorry for my bad english, writing from berlin, germany) . all you are writing is wishful thinking, nothing else. the u.s. governerment  still HAS NO IDEA what to do with bitcoin. its still possible to bring it down, if someone sees a threat in btc. think of it.