I'm about to capitulate - WTF is going on?

[phr0stbyt3]

The BTC price has been pretty gag inducing for the last several weeks; peeking above $700 a few times, hovering around $600 most of the time with some dips into the $500s. Without saying stupid shit like "Don't invest more than you can afford to lose!" can anyone give me some sound advice? I've been hodling ever since I missed the last all time high. I laughed when bitcoin got valuated at $1300 each but now I feel like maybe it wasn't that funy.

I'm sure the recent dip below $500 is because of this Mtgox shit (which shouldn't really be a surprise to anyone TBH) but what's really going on here?

Big stacks of bitcoins staggering their dump on us?

Market manipulation?

Ghostbusters 3 was announced?

[btc4ever]

maybe you should look at the all time logarithmic chart and consider what it would have looked like if you had bought just after one of the peaks.

[Riffed]

The BTC price has been pretty gag inducing for the last several weeks; peeking above $700 a few times, hovering around $600 most of the time with some dips into the $500s. Without saying stupid shit like "Don't invest more than you can afford to lose!" can anyone give me some sound advice? I've been hodling ever since I missed the last all time high. I laughed when bitcoin got valuated at $1300 each but now I feel like maybe it wasn't that funy.

I'm sure the recent dip below $500 is because of this Mtgox shit (which shouldn't really be a surprise to anyone TBH) but what's really going on here?

Big stacks of bitcoins staggering their dump on us?

Market manipulation?

Ghostbusters 3 was announced?

1. Go to www.bitcoinwisdom.com
2. Select Bitstamp (or MtGox if you ignore this month), 1 week interval, and choose Logarithmic in Settings.
3. See if you can detect a pattern beginning in 2011...

While past performance is no indication of future results, patterns often repeat.

[phr0stbyt3]

The BTC price has been pretty gag inducing for the last several weeks; peeking above $700 a few times, hovering around $600 most of the time with some dips into the $500s. Without saying stupid shit like "Don't invest more than you can afford to lose!" can anyone give me some sound advice? I've been hodling ever since I missed the last all time high. I laughed when bitcoin got valuated at $1300 each but now I feel like maybe it wasn't that funy.

I'm sure the recent dip below $500 is because of this Mtgox shit (which shouldn't really be a surprise to anyone TBH) but what's really going on here?

Big stacks of bitcoins staggering their dump on us?

Market manipulation?

Ghostbusters 3 was announced?

1. Go to www.bitcoinwisdom.com
2. Select Bitstamp (or MtGox if you ignore this month), 1 week interval, and choose Logarithmic in Settings.
3. See if you can detect a pattern beginning in 2011...

While past performance is no indication of future results, patterns often repeat.

Holy shit they're almost identical.

[TrailingComet]

The market is spooked because of the MtGox situation which is kinda overshadowing all else

My sense is that most of the selling is not by early guys but by folks who bought in post- May 2013

While the path for BTC remains promising, it is clear now that this is not a get rich quick scheme but requires a long time horizon

It is perhaps not helpful to check prices everyday as the vol is likely to confuse further

If you don't have the stomach for the long game, you should get out

[kashish948]

is this just bcoz of GOX or some other bad news came in?

[phr0stbyt3]

[marcus_of_augustus]

You, and hundreds of thousands others like you, just got goxxxxed.

It has been happening since June-2011 with regularity.

[DjPxH]

http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-Strategy-Draft

[nirom]

No doubt it will got much lower in the next fews days if Gox is to completely dissapear. I think it's a nice time for a bargain. 

[Riffed]

maybe you should look at the all time logarithmic chart and consider what it would have looked like if you had bought just after one of the peaks.

Lol sorry - didn't see your post when I wrote mine

[TrailingComet]

Think market will settle in the 300's

Overall a buying iopportunity

[YipYip]

Think market will settle in the 300's

Overall a buying iopportunity

nup its all good ...market is now happy ...and certainty has entered ...

Watch it go upz

[Mythul]

I guess this is the end of Bitcoin....on GOX.