$473 on bitstamp? WTH!

[Cassius]

Don't feed the trolls, especially igorr, whose trolling is so tediously predictable.

[Denton]

Hopefully US investors will fill the gap left by the Chinese.

[EvilPanda]

Don't feed the trolls, especially igorr, whose trolling is so tediously predictable.

Obvious troll is obvious His graph is worth printing on toilet paper.

[igorr]

What's happening?

These are normal happenings, we enter the fifth month of constant decline in prices,
Check Trend line from decembar 2013 year !

Trend and price before 1 month:


Trend and price today:


See you again within a month with trend lines and current price.

seem possible according to your graph
so must i sell at $500 right now and buy again in $300?

yes, sell at $500, and buy again in $300,
then
sell at 400 and buy again in $200
Then
sell at 300  and buy again in $100

But I do not want to risk it, and I still hold the sell position from $1100, and I will take profit at $250.
And after that, Bitcoin I will never see, my profit for 1 year will be about $500k usd

[Cassius]

What's happening?

These are normal happenings, we enter the fifth month of constant decline in prices,
Check Trend line from decembar 2013 year !

Trend and price before 1 month:


Trend and price today:


See you again within a month with trend lines and current price.

seem possible according to your graph
so must i sell at $500 right now and buy again in $300?

yes, sell at $500, and buy again in $300,
then
sell at 400 and buy again in $200
Then
sell at 300  and buy again in $100

But I do not want to risk it, and I still hold the sell position from $1100, and I will take profit at $250.
And after that, Bitcoin I will never see, my profit for 1 year will be about $500k usd

Quoted.

[segeln]

What's happening?

These are normal happenings, we enter the fifth month of constant decline in prices,
Check Trend line from decembar 2013 year !

Trend and price before 1 month:


Trend and price today:


See you again within a month with trend lines and current price.

What a nice bullish flag

[arepo]

What a nice bullish flag

descending triangles are more bearish than symmetrical triangles and ascending triangles. also, by my count, we've already broken down out of it.

[Bit_Happy]

Hopefully US investors will fill the gap left by the Chinese.

Denmark too.
They can now buy BTC and legally pay no taxes on profits.
Huge story is HUGE.

[Cassius]

Hopefully US investors will fill the gap left by the Chinese.

Denmark too.
They can now buy BTC and legally pay no taxes on profits.
Huge story is HUGE.

No income tax or capital gains? Nice. And they have outstanding TV drama. And bacon.
I'm going to live in Denmark.
Every time I see some TA indication that makes me think bear I have to remind myself of the fundamentals.
 

[KrakenB]

I'm not a Bitcoin maniac, so I'm not gonna say I hate to say it, but I did predict this on March 8th when BTC traded at $620:

I'm quite bearish on Bitcoin's short-term price.

Admit it, the current media coverage is quite negative. And there is no outsight of this changing. Quite the contrary, it's only a matter of time until another exchange gets hacked and BTC makes another dive.

Furthermore, we're on the brink of more regulations. And what do you think will happen when, as rumored, part of Mt. Gox coins are released and everyone jumps to the exit?

If there was a valid way to short BTC, buy put options or even buy a CDS on a BTC index, I'd be all over it right now.

We haven't hit rock bottom yet. Bitcoin is doomed. Mark my words.

We got a clairvoyant here! Quickly, sell your bitcoins! Why? Because Mr. Newbie said it's doomsday, mark his words!
http://img3.wikia.nocookie.net/__cb20060822062047/uncyclopedia/images/c/c7/PWNWAR_NUKE.jpg

I hope you listened to Mr. Newbie. If you didn't, get the fuck out now, price is only going down.

[serenitys]

For the record, China bans on btc aren't necessarily going to doom anything or stop Chinese from continuing to buy, sell and trade btc. They're a cagey, industrious lot who could and probably will easily take full advantage of a myriad of virtual world platforms and games with built in economies, buy into the in world economy, convert to btc and back again from btc to in world currency to real world currency - back in business.

They're the ones mining all those WOW, EQ, and other games. And then there are the p2p sites that trade btc but don't need the exchanges and banks. China Daddy might be snorting but China Babies won't fall in line so readily.

[dropt]

I hope you listened to Mr. Newbie. If you didn't, get the fuck out now, price is only going down.

Guys like you are a dime a dozen.