Market Doesn't Look to Hold Above $6,000

[Torque]

I'm just waiting for someone to post a log graph dating back to mid 2010 to show we're still in a bull market today...

Yeah, and look just how ignorant this guy's post turned out to be.  According to current 2014 log graphs we're still in a bull market today.

This is the reason I completely ignore bears and trolls on this sub, and will continue to do so for years into the future.

Bitcoin crashed from 7 to 2 USD between September '11 and November '11. So, technically he did not make a bad call. There's nothing wrong with being temporarily bearish on bitcoin.

Dalmar, that wasn't just a slight bearish remark about a temporary setback.  Cluster2k's comment was a condescending troll remark that was basically saying "You all are absolute fools if you think that bitcoin is still in a long term exponential bull trend from it's beginning."  It was so wrong then, and is so wrong today, that it's almost criminal.  It's the attitude that just about every bear on this board has today.

[DieJohnny]

I'm just waiting for someone to post a log graph dating back to mid 2010 to show we're still in a bull market today...

Yeah, and look just how ignorant this guy's post turned out to be.  According to current 2014 log graphs we're still in a bull market today.

This is the reason I completely ignore bears and trolls on this sub, and will continue to do so for years into the future.

Bitcoin crashed from 7 to 2 USD between September '11 and November '11. So, technically he did not make a bad call. There's nothing wrong with being temporarily bearish on bitcoin.

Dalmar, that wasn't just a slight bearish remark about a temporary setback.  Cluster2k's comment was a condescending troll remark that was basically saying "You all are absolute fools if you think that bitcoin is still in a long term exponential bull trend from it's beginning."  It was so wrong then, and is so wrong today, that it's almost criminal.  It's the attitude that just about every bear on this board has today.

someone needs to edit thread to say $600 not $6.00

[smoothie]

Holy necro! Smoothie was a bear and Proudhon rather bullish back then. 

I have my moments. Looks like I was right in the short term.

Bullish now. Bearish waaaaay back then.

[smoothie]

I'm just waiting for someone to post a log graph dating back to mid 2010 to show we're still in a bull market today...

Yeah, and look just how ignorant this guy's post turned out to be.  According to current 2014 log graphs we're still in a bull market today.

This is the reason I completely ignore bears and trolls on this sub, and will continue to do so for years into the future.

Bitcoin crashed from 7 to 2 USD between September '11 and November '11. So, technically he did not make a bad call. There's nothing wrong with being temporarily bearish on bitcoin.

Dalmar, that wasn't just a slight bearish remark about a temporary setback.  Cluster2k's comment was a condescending troll remark that was basically saying "You all are absolute fools if you think that bitcoin is still in a long term exponential bull trend from it's beginning."  It was so wrong then, and is so wrong today, that it's almost criminal.  It's the attitude that just about every bear on this board has today.

someone needs to edit thread to say $600 not $6.00

Done. 

[painlord2k]

People do not understanding the fundamentals can easily misinterpret technical analysis.

Technical analysis is about emotion of the market participants, fundamental analysis is about hard truths.
Both are needed and useful.

(fixed)

[600watt]

Who is still hodling?

lol, i didn´t catch the "today" in your post and was kinda surprised that "hodling" was used in 2011   

[CMMPro]

I'm just waiting for someone to post a log graph dating back to mid 2010 to show we're still in a bull market today...

Yeah, and look just how ignorant this guy's post turned out to be.  According to current 2014 log graphs we're still in a bull market today.

This is the reason I completely ignore bears and trolls on this sub, and will continue to do so for years into the future.

Bitcoin crashed from 7 to 2 USD between September '11 and November '11. So, technically he did not make a bad call. There's nothing wrong with being temporarily bearish on bitcoin.

Dalmar, that wasn't just a slight bearish remark about a temporary setback.  Cluster2k's comment was a condescending troll remark that was basically saying "You all are absolute fools if you think that bitcoin is still in a long term exponential bull trend from it's beginning."  It was so wrong then, and is so wrong today, that it's almost criminal.  It's the attitude that just about every bear on this board has today.

someone needs to edit thread to say $600 not $6.00

Nah...if you just leave it alone it will be correct in a few weeks.

[Taras]

I love what you did there smoothie

[tinof]

What is the time frame for the 6k price call?

[wobber]

What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

[cinder]

What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

Hard to see it going back to 1000 when the price is at 620.

Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.

[blatchcorn]

What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

Hard to see it going back to 1000 when the price is at 620.

Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.

Look at the logarithmic charts:
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1

[wobber]

What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

Hard to see it going back to 1000 when the price is at 620.

Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.

Look at the logarithmic charts:
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1

So according to this graph, I buy $200 worth of bitcoin today and wait to the end of 2015 to get at least 30,000 in return. Nice. Why isn't everyone rushing into this?

Poor people should buy $6 worth of Bitcoin, at the end of 2015 they'll have 1,000

Below-average income people should buy $60 worth of bicoin, return of 10,000

Good-income people should buy a Bitcoin, return of 100,000 by 2015.

Carlos Slim should buy 6000 BTC, he'll have 600,000,000

Satoshi could have 1,000,000,000,000.

[Torque]

What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

Hard to see it going back to 1000 when the price is at 620.

Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.

Look at the logarithmic charts:
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1

So according to this graph, I buy $200 worth of bitcoin today and wait to the end of 2015 to get at least 30,000 in return. Nice. Why isn't everyone rushing into this?

Poor people should buy $6 worth of Bitcoin, at the end of 2015 they'll have 1,000

Below-average income people should buy $60 worth of bicoin, return of 10,000

Good-income people should buy a Bitcoin, return of 100,000 by 2015.

Carlos Slim should buy 6000 BTC, he'll have 600,000,000

Satoshi could have 1,000,000,000,000.

Because the average Joe six-pack has no knowledge of how exponential growth works.  At all, period.  All they can see is what is happening today, and maybe tomorrow.  That's it.  Hell, most didn't even pass rudimentary math in high school.

Most people that knew of bitcoin 2-3 years ago had the same lack of knowledge and vision.  They never thought that bitcoin would get beyond $10, even in 5 years.  They weren't able to extrapolate shit.  So they didn't buy any.

Tim Draper didn't buy $27M worth of bitcoin, hoping it would be worth only $28M in 5-10 years.  Or even double at $54M.  If that is all the potential that bitcoin has, it would be the absolute worst investment of his entire VC career.

Wobber, you really need to quit trying to insult the intelligence of those who have bought bitcoin and understand exponential growth.  You're just making yourself look more like a fool.

[Taras]

What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

Hard to see it going back to 1000 when the price is at 620.

Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.

Well, it was also hard for me to see it going back to 250 from 100. But it did

[Benjig]

What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

Hard to see it going back to 1000 when the price is at 620.

Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.

Well, it was also hard for me to see it going back to 250 from 100. But it did

Yeah only the first time its hard, later you will be used to see this price swings in bitcoin until it reaches a big market cap.

[painlord2k]

Well, it was also hard for me to see it going back to 250 from 100. But it did

Yeah only the first time its hard, later you will be used to see this price swings in bitcoin until it reaches a big market cap.

In reality, these swings are pretty common if you are accustomed to financial markets.

Banking shares, in Italy, went down 90%  in a couple of years.
So, if someone had shorted these shares, they would have a 10x return in just a couple of years.
But people need to know what they are doing, see what others do not see, and bet against known popular fallacies.

[elux]

SELL

Man, Blitz is such a Perma-Blitz.

[btcbeliever]

Look at the logarithmic charts:
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1

I really like your chart there.  Nicely done.

[smoothie]

What is the time frame for the 6k price call?

There never was a 6k call.

I made my 5k call to be by the end of 2014.

We will see if I am right.