The $500+ Bitcoin Is Back ... (HAPPY?)

[Armis]

Well this is what you were looking for, now that it's here are you about to sink a ton into it, or wait for it to drop further into the low $500+s; perhaps even eyeing for the $400+ range?

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[DGulari]

Well this is what you were looking for, now that it's here are you about to sink a ton into it, or wait for it to drop further into the low $500+s; perhaps even eyeing for the $400+ range?

Hodl!!

[ChuckBuck]

All it means is a good buying opportunity.  

It'll bounce back over $600 very soon.

[sudoku]

I'm firmly in the waiting camp. 

[reactor]

I'm firmly in the waiting camp. 

Yup, cause if everyone sells then the pyramid falls.

[MrBea]

I'm a buyer

[Dalmar]

There is a 99.99% chance that we will see $400s bitcoin in 2014 once more. No need to rush.

[koryu]

looks like we are still in correction of the ATH

[mooncake]

If CIO of Legg Mason is buying, shall we buy?
http://www.bloomberg.com/video/potential-return-for-bitcoin-is-huge-miller-4vvq72kCTrOGvs4FjaFxRw.html

[Beef Supreme]

Bouying!

[leopard2]

well, he is saying it cleary: gold = 8 trillion $, btc = 7 billion, so the upside potential is huge

I think $400 is a real possibility, but if you sell at 590 in order to re-buy at 400, you take a risk that this isn't happening and then what? then you have sold your coins and watch them go WAY up

right now you can lose 590 but gain 1400 or more, both is equally realistic.  

[the joint]

There is a 99.99% certainty that we will see $400s bitcoin in 2014 once more. No need to rush.

The baselessness of your proposed probability increases the absurdity of your statement by 84%.

[Dalmar]

well, he is saying it cleary: gold = 8 trillion $, btc = 7 billion, so the upside potential is huge

I think $400 is a real possibility, but if you sell at 590 in order to re-buy at 400, you take a risk that this isn't happening and then what? then you have sold your coins and watch them go WAY up

right now you can lose 590 but gain 1400 or more, both is equally realistic.  

Selling now for cheap coins is stupid. Only people who sold over 700-800 should risk waiting for $400s bitcoins, imo.

[povlhp]

Price is down because of the block chain.info issues.
Will soon correct itself. I see 10%+ upside over the next month.

[bl0ckchain]

Well this is what you were looking for, now that it's here are you about to sink a ton into it, or wait for it to drop further into the low $500+s; perhaps even eyeing for the $400+ range?

If you compare the underlying fundamentals of various coins, you will see large price differences between those having similar coding foundations.

In my search for the most undervalued cryptocurrency, I discovered a coin called Goldcoin (GLD) that appears to have the perfect balance of innovation and community support to make it an authentic contender. So while bitcoin might be cheap at these levels, I think the really huge opportunity lies in altcoins like GLD.

[Armis]

If CIO of Legg Mason is buying, shall we buy?
http://www.bloomberg.com/video/potential-return-for-bitcoin-is-huge-miller-4vvq72kCTrOGvs4FjaFxRw.html

sweet interview, NOTICE when he got into bitcoin only a month now

Price is down because of the block chain.info issues.
Will soon correct itself. I see 10%+ upside over the next month.

huh, if it's a block chain issue, how will it correct itself?

[BitCoinsLOL]

 I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

[Armis]

I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

... one man's trash ...

[Rygon]

huh, if it's a block chain issue, how will it correct itself?

The blockchain.info service/website is having issues. The Blockchain itself is fine..

[Beef Supreme]

I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

Yeah, but the beauty of BTC is that person can't just turn around and print more of it to replenish what was spent.

[ravenjt]

Hello

Perhaps the reason for the current general price stability, with a gradual decline in prices over time, is that scammers are trying to sell 700,000 BTC gradually, without damaging the market too much. This would explain the huge bulk of Ask orders between 600-700.

The result, presumably, is that the USD price will gradually decline, but not markedly so, over the next few months until all of this is cleared.

Then the true strength of demand for BTC will be revealed again, and prices will rocket, perhaps in May or June?

But before then, I will be waiting a bit for further price declines. The 700,000 BTC cannot have possibly cleared yet, so further falls are likely. Why not wait for a lower price?

[Armis]

I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

Yeah, but the beauty of BTC is that person can't just turn around and print more of it to replenish what was spent.

BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.

Alternatively, one could always create their own coin.  soooo many options


easy peezy 

[GreedyBoy]

Doesn't it confirm that bitcoin is volatile ! And this is not a surprise to anyone who has at least basci knowledges about BTC!

[Beef Supreme]

I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

Yeah, but the beauty of BTC is that person can't just turn around and print more of it to replenish what was spent.

BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.

Alternatively, one could always create their own coin.  soooo many options


easy peezy 

The value would nosedive if they do anything of the sort.  I for one, wouldn't be interested.  It would be no better than fiat paper.

[Mad Scientist]

you guys sound like all those delusional aura and maza coin bagholders.

bitcoin is a shitcoin that needs to be cleaned out.

obviously.

[UnDerDoG81]

We are almost there where we were before that whale bought 10k coins. In the normal range. Probably it will go more down but I dont see a reason to go up at the moment.

[Beef Supreme]

you guys sound like all those delusional aura and maza coin bagholders.

bitcoin is a shitcoin that needs to be cleaned out.

obviously.

BTC is crap?  WTF are you even on this board?

[Armis]

Doesn't it confirm that bitcoin is volatile ! And this is not a surprise to anyone who has at least basci knowledges about BTC!

In my book BTC isn't volatile, it's just unstable -- a lower degree of volatility. 

When I refer to volatility for a cryptocurrency I envision the CC's performance chart looking like an EKG scan when the person being monitored is excited.

[Cyberlight]

you guys sound like all those delusional aura and maza coin bagholders.

bitcoin is a shitcoin that needs to be cleaned out.

obviously.

BTC is crap?  WTF are you even on this board?

Don't feed the troll.

[Armis]

I read in bloomberg news someone purchased a 800,000 villa in BTC maybe they're dumping the coins  .

Yeah, but the beauty of BTC is that person can't just turn around and print more of it to replenish what was spent.

BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.

Alternatively, one could always create their own coin.  soooo many options


easy peezy  

The value would nosedive if they do anything of the sort.  I for one, wouldn't be interested.  It would be no better than fiat paper.

eh, uhm, the value HAS nosedived, and the nose dive is directly related to the irresponsible manor in which the whole Gox matter is being handled internally (within the BTC community).  

Every time an exchange is robbed if we have the tools, via the blockchain, to not only remove the value of the stolen funds but also to catch the thief that is a responsible thing to do.  That is the proper way to maintain a cryptocurrency system.  Not to simply allow the thief to get away with the spoils and 'decentralize' the loss by spreading it to everyone else by way of diminished value.

The BTC rate didn't go down in any fast way, it was measured, which means it is real, not a negative response to media hype.

Those who steal must be stopped and punished internally, that deincentives bad deeds, when you take responsible drastic actions to correct wrongs it stabilizes the environment.

Stability is what brings about reliability, without security even a perfect plan has no chance.

BTC is controlled by consensus, meaning if the community decided to make more then more could be made, if the community decided to fork the funds that left gox and let all of the holders of said funds account for how they got it then be reincluded then that too could be done.

Nobody could "forks the funds that left gox" because nobody knows what funds left Gox and when. And nobody even knows IF funds left Gox ...

ABSOLUTELY incorrect, we found much of the funds:  https://bitcointalk.org/index.php?topic=492776.0;topicseen

[JimboToronto]

you guys sound like all those delusional aura and maza coin bagholders.

bitcoin is a shitcoin that needs to be cleaned out.

obviously.

BTC is crap?  WTF are you even on this board?

Don't feed the troll.

Amen.