Crash!!

[Jonathan Ryan Owens]

[ineededausername]

After Jon posted his fake Rally!! thread BTCUSD went up about 30%.
Expect a huge crash now.

[Sitarow]

[deltanine]

After Jon posted his fake Rally!! thread BTCUSD went up about 30%.
Expect a huge crash now.

Maybe he is the Manipulator!

[molecular]

[awesome pic]

printing...

[kjlimo]

[awesome pic]

printing...

hung outside my cube wall...

[ElectricMucus]

I get the feeling something is brewing, not enough to bet on it but I get the feeling that the next selloff may only be days away with any potential upside near nil.

I even doubt that we will breach 3.2.
Why? People were made to believe that prices could reach old levels again by the short squeeze and now prices recovered somewhat the real sellers jump in. And they don't seem to care to get out a few more cents by placing orders they dump.

[Jonathan Ryan Owens]

I get the feeling something is brewing, not enough to bet on it but I get the feeling that the next selloff may only be days away with any potential upside near nil.

I even doubt that we will breach 3.2.
Why? People were made to believe that prices could reach old levels again by the short squeeze and now prices recovered somewhat the real sellers jump in. And they don't seem to care to get out a few more cents by placing orders they dump.

[Jonathan Ryan Owens]

(For all you Giorgio Tsoukalos fans)

[proudhon]

Alright, here we go.  Everyone who bought below 2.90, it's time to cash out.  It's funny how similar this scenario is to the New York Bitcoin Conference Rally a few months ago, and look where we are now.

[RyNinDaCleM]

So, is that wall going to get pulled??
Mt. Ask is growing fast.

[Dan The Man]

So, is that wall going to get pulled??
Mt. Ask is growing fast.

It hasn't been touched yet. As soon as that happens I expect it will disappear.

[proudhon]

Did anyone sincerely believe any significant amount of new money was entering this pathetic system?  It's just old money changing hands, and as I've said before, you can't get the price to stick in that kind of scenario.  It'll bounce around after large drops and might recover to nearly the "stable" pre-drop price, but, ultimately, the price will continue going down as long as no new money enters the system; and, again, it's apparent that there isn't really any new money entering the system and there's absolutely no reason for anyone to put money into this sinking ship.

A week or two from now, it'll be painfully obvious that this recent "rally" was just like the New York Conference rally; and the long slow slide will continue.  A month from now we'll probably have made new lows.

[zby]

[16:18:37] <amphipod> Dec03 15:18:21 mtgox       21.0000 @     2.90       USD
[16:18:37] <amphipod> Dec03 15:18:21 mtgox        1.0000 @     2.90       USD
[16:18:38] <amphipod> Dec03 15:18:21 mtgox       20.0000 @     2.90       USD
[16:18:39] <amphipod> Dec03 15:18:21 mtgox        1.5624 @     2.90       USD
[16:18:39] <amphipod> Dec03 15:18:21 mtgox        1.0000 @     2.90       USD
[16:18:40] <amphipod> Dec03 15:18:21 mtgox        2.3500 @     2.90       USD
[16:18:40] <amphipod> Dec03 15:18:21 mtgox       50.0000 @     2.90       USD
[16:18:41] <amphipod> Dec03 15:18:21 mtgox       25.0000 @     2.90       USD
[16:18:42] <amphipod> Dec03 15:18:22 mtgox    1,098.9365 @     2.90       USD
[16:18:55] <amphipod> Dec03 15:18:43 mtgox      310.0000 @     2.90       USD

This is when this wall was sold to.

The bot time is in UTC.

[teflone]

(For all you Giorgio Tsoukalos fans)

Wow..

Are they the same ?  Cant be..cant tell with the makeup..

Its uncanny actually, I love it..

that guy is hilarious.. love the hair..

[teflone]

Did anyone sincerely believe any significant amount of new money was entering this pathetic system?  It's just old money changing hands, and as I've said before, you can't get the price to stick in that kind of scenario.  It'll bounce around after large drops and might recover to nearly the "stable" pre-drop price, but, ultimately, the price will continue going down as long as no new money enters the system; and, again, it's apparent that there isn't really any new money entering the system and there's absolutely no reason for anyone to put money into this sinking ship.

A week or two from now, it'll be painfully obvious that this recent "rally" was just like the New York Conference rally; and the long slow slide will continue.  A month from now we'll probably have made new lows.

How low do you want to buy coins ? 0.01 usd?

We know how much you love bitcoin.. save your breath

[teflone]

http://www.godlikeproductions.com/sm/custom/35c921f89b.jpg

[proudhon]

Did anyone sincerely believe any significant amount of new money was entering this pathetic system?  It's just old money changing hands, and as I've said before, you can't get the price to stick in that kind of scenario.  It'll bounce around after large drops and might recover to nearly the "stable" pre-drop price, but, ultimately, the price will continue going down as long as no new money enters the system; and, again, it's apparent that there isn't really any new money entering the system and there's absolutely no reason for anyone to put money into this sinking ship.

A week or two from now, it'll be painfully obvious that this recent "rally" was just like the New York Conference rally; and the long slow slide will continue.  A month from now we'll probably have made new lows.

How low do you want to buy coins ? 0.01 usd?

We know how much you love bitcoin.. save your breath

I actually want the exchange rate to increase because that would be a sign that people are investing in the project (hopefully some of them not merely as speculative investors but users).  The bitcoin market will need to be many times higher than what it is now for this thing to really stick.  But, it's not going to rise because the credibility of the project has been utterly destroyed and no serious money, certainly not enough of it, is entering the system.  What's essentially going on is the same people are just shuffling money and bitcoins around on the exchanges.  More and more of each are getting collected into fewer and fewer hands.  There is no way, in that scenario, for the price to rise and stick, and that's exactly what we've seen for the past 6 months.  Price drops, then rises to nearly where it was before the drop, then levels off, then gradually declines, then drops.  Repeat.  There is no reason to think this is going to stop happening and I think anyone betting otherwise is a fool.

I'm happy to concede that it's possible to make money in this environment.  But, that's essentially bleeding bitcoin and if this keeps up, as it seems it's going to, then what's going on is going to trade bitcoin into oblivion - It's credibility shattered, it's value in perpetual free fall - until the project will be tossed aside into the waste basket of novel internet experiments.  Bitcoin will be lucky to make it as a footnote in internet history and if it does make it it'll be a case study on human greed.

[teflone]

Did anyone sincerely believe any significant amount of new money was entering this pathetic system?  It's just old money changing hands, and as I've said before, you can't get the price to stick in that kind of scenario.  It'll bounce around after large drops and might recover to nearly the "stable" pre-drop price, but, ultimately, the price will continue going down as long as no new money enters the system; and, again, it's apparent that there isn't really any new money entering the system and there's absolutely no reason for anyone to put money into this sinking ship.

A week or two from now, it'll be painfully obvious that this recent "rally" was just like the New York Conference rally; and the long slow slide will continue.  A month from now we'll probably have made new lows.

How low do you want to buy coins ? 0.01 usd?

We know how much you love bitcoin.. save your breath

I actually want the exchange rate to increase because that would be a sign that people are investing in the project (hopefully some of them not merely as speculative investors but users).  The bitcoin market will need to be many times higher than what it is now for this thing to really stick.  But, it's not going to rise because the credibility of the project has been utterly destroyed and no serious money, certainly not enough of it, is entering the system.  What's essentially going on is the same people are just shuffling money and bitcoins around on the exchanges.  More and more of each are getting collected into fewer and fewer hands.  There is no way, in that scenario, for the price to rise and stick, and that's exactly what we've seen for the past 6 months.  Price drops, then rises to nearly where it was before the drop, then levels off, then gradually declines, then drops.  Repeat.  There is no reason to think this is going to stop happening and I think anyone betting otherwise is a fool.

I'm happy to concede that it's possible to make money in this environment.  But, that's essentially bleeding bitcoin and if this keeps up, as it seems it's going to, then what's going on is going to trade bitcoin into oblivion - It's credibility shattered, it's value in perpetual free fall - until the project will be tossed aside into the waste basket of novel internet experiments.  Bitcoin will be lucky to make it as a footnote in internet history and if it does make it it'll be a case study on human greed.

So what your saying is, your a glass half full kinda guy... lmao.. 

I dont think its nearly as dismal as you see it.  Maybe YOU should start spending them on real world items..

[ineededausername]

Did anyone sincerely believe any significant amount of new money was entering this pathetic system?  It's just old money changing hands, and as I've said before, you can't get the price to stick in that kind of scenario.  It'll bounce around after large drops and might recover to nearly the "stable" pre-drop price, but, ultimately, the price will continue going down as long as no new money enters the system; and, again, it's apparent that there isn't really any new money entering the system and there's absolutely no reason for anyone to put money into this sinking ship.

A week or two from now, it'll be painfully obvious that this recent "rally" was just like the New York Conference rally; and the long slow slide will continue.  A month from now we'll probably have made new lows.

How low do you want to buy coins ? 0.01 usd?

We know how much you love bitcoin.. save your breath

I actually want the exchange rate to increase because that would be a sign that people are investing in the project (hopefully some of them not merely as speculative investors but users).  The bitcoin market will need to be many times higher than what it is now for this thing to really stick.  But, it's not going to rise because the credibility of the project has been utterly destroyed and no serious money, certainly not enough of it, is entering the system.  What's essentially going on is the same people are just shuffling money and bitcoins around on the exchanges.  More and more of each are getting collected into fewer and fewer hands.  There is no way, in that scenario, for the price to rise and stick, and that's exactly what we've seen for the past 6 months.  Price drops, then rises to nearly where it was before the drop, then levels off, then gradually declines, then drops.  Repeat.  There is no reason to think this is going to stop happening and I think anyone betting otherwise is a fool.

I'm happy to concede that it's possible to make money in this environment.  But, that's essentially bleeding bitcoin and if this keeps up, as it seems it's going to, then what's going on is going to trade bitcoin into oblivion - It's credibility shattered, it's value in perpetual free fall - until the project will be tossed aside into the waste basket of novel internet experiments.  Bitcoin will be lucky to make it as a footnote in internet history and if it does make it it'll be a case study on human greed.

How was bitcoin's credibility ever shattered?