Gold collapsing. Bitcoin UP.

[shields]

listen to David Seaman's despair and anger.  this is called Capitulation.  sad, but this is no market for the naive and weak minded:

http://davidseaman.libsyn.com/bitcoin-crash-analysis

WTF, this guy's been on TV doing interviews about Bitcoin in the past, and now he thinks it's finished because of a moderate (in the grand scheme of things) short-term drop in price.

Yup. Bitcoin up 21% since he recorded that aka capitulated.

 Most ppl investing in cryptocurrencies are going to lose money-cypherdoc

David is no exception.

He needs a friend to take him to a dive bar and get drunk with him, David can tell him how he thought BTC was the one and now he'll never love again. At the end of the night he'll whip out his phone and buy some slutty alt-coin as a rebound trade. He'll have a hell of hangover, but he'll wake up feeling better, check the price, see it's not the end of the world and be eventually be ready to start a new relationship with crypto.

[chriswilmer]

Can someone help me understand at what point we should expect to see a cascading short squeeze? It hasn't happened yet right? Most of the short positions on BFX are still open right?

[cypherdoc]

I told you, no mo selling pressure.

Pantera Capital is out.

[FNG]

Pantera Capital is out.

?

[cypherdoc]

Pantera Capital is out.

?

Did you not read the last several pages surrounding my Pantera conspiracy theory?

[cypherdoc]

Can someone help me understand at what point we should expect to see a cascading short squeeze? It hasn't happened yet right? Most of the short positions on BFX are still open right?

See that little green lin?  Is already starting:

[FNG]

Pantera Capital is out.

?

Did you not read the last several pages surrounding my Pantera conspiracy theory?

I'm used to only having to catch up on a page when I sleep. Looks like I missed a lot.  Decent theory. I'm of the opinion that someone with deep pockets was driving down the market as well. Whenever things started looking good it got pounded instead of walls popping up to get chewed through.

This means it's time to rocket as they've (whoever it may be) have probably gotten their fill. combine this with the VC's renewed strong  interest and positive news coverage, plus the fact that everyone knows where we've been so a quick move upwards will grab a lot of attention and we're probably going to rocket these next couple of months and close the year at above our last peak.

When people ask bitcoiners how to buy quickly now we direct them to circle and they have their first taste in minutes.

[cypherdoc]

Pantera Capital is out.

?

Did you not read the last several pages surrounding my Pantera conspiracy theory?

I'm used to only having to catch up on a page when I sleep. Looks like I missed a lot.  Decent theory. I'm of the opinion that someone with deep pockets was driving down the market as well. Whenever things started looking good it got pounded instead of walls popping up to get chewed through.

This means it's time to rocket as they've (whoever it may be) have probably gotten their fill. combine this with the VC's renewed strong  interest and positive news coverage, plus the fact that everyone knows where we've been so a quick move upwards will grab a lot of attention and we're probably going to rocket these next couple of months and close the year at above our last peak.

When people ask bitcoiners how to buy quickly now we direct them to circle and they have their first taste in minutes.

This is Bitcoin.

One does not sleep.

[cypherdoc]

Almost 13k BTC short swaps.

Moon.

[Dalmar]

listen to David Seaman's despair and anger.  this is called Capitulation.  sad, but this is no market for the naive and weak minded:

http://davidseaman.libsyn.com/bitcoin-crash-analysis

I lol'ed when he started comparing bitcoin to Obama.

Nice capitulation moment. 

[kodtycoon]

listen to David Seaman's despair and anger.  this is called Capitulation.  sad, but this is no market for the naive and weak minded:

http://davidseaman.libsyn.com/bitcoin-crash-analysis

WTF, this guy's been on TV doing interviews about Bitcoin in the past, and now he thinks it's finished because of a moderate (in the grand scheme of things) short-term drop in price.

Yup. Bitcoin up 21% since he recorded that aka capitulated.

 Most ppl investing in cryptocurrencies are going to lose money-cypherdoc

David is no exception.

have you ever seen any statistics on this? id be interested to read it if you have..

[cypherdoc]

listen to David Seaman's despair and anger.  this is called Capitulation.  sad, but this is no market for the naive and weak minded:

http://davidseaman.libsyn.com/bitcoin-crash-analysis

WTF, this guy's been on TV doing interviews about Bitcoin in the past, and now he thinks it's finished because of a moderate (in the grand scheme of things) short-term drop in price.

Yup. Bitcoin up 21% since he recorded that aka capitulated.

 Most ppl investing in cryptocurrencies are going to lose money-cypherdoc

David is no exception.

have you ever seen any statistics on this? id be interested to read it if you have..

Nah, it's just a catch phrase from my stock trading experience.

It's true though. People are just stupid. They get chopped up, chewed up, and spit out like a piece of meat.

You know, kinda like how you had to ask. 

[kodtycoon]

listen to David Seaman's despair and anger.  this is called Capitulation.  sad, but this is no market for the naive and weak minded:

http://davidseaman.libsyn.com/bitcoin-crash-analysis

WTF, this guy's been on TV doing interviews about Bitcoin in the past, and now he thinks it's finished because of a moderate (in the grand scheme of things) short-term drop in price.

Yup. Bitcoin up 21% since he recorded that aka capitulated.

 Most ppl investing in cryptocurrencies are going to lose money-cypherdoc

David is no exception.

have you ever seen any statistics on this? id be interested to read it if you have..

Nah, it's just a catch phrase from my stock trading experience.

It's true though. People are just stupid. They get chopped up, chewed up, and spit out like a piece of meat.

You know, kinda like how you had to ask. 

what you mean? you think cos i asked that i fit into the category you mentioned above? lol

[dEBRUYNE]

I told you, no mo selling pressure.

Pantera Capital is out.

Looks pretty obvious, only 2k coins to 400 now. When we were @ 385 in the downtrend there were about 5k coins to 4000.

[600watt]

go bullstamp, go !   

[zeetubes]

Andreas talking to a committee of Canadian senators: http://senparlvu.parl.gc.ca/Guide.aspx?viewmode=4&categoryid=-1&eventid=9692&Language=E#

Just wow, I thought this went very well.

Yes, an amazing performance. He rocked it! Very bull.  

Agreed. I thought I would watch the first 10 minutes or so but I ended up watching the whole thing. I wonder if Ben Lawsky will also watch it and what his reaction will be.

[cypherdoc]

Andreas talking to a committee of Canadian senators: http://senparlvu.parl.gc.ca/Guide.aspx?viewmode=4&categoryid=-1&eventid=9692&Language=E#

Just wow, I thought this went very well.

Yes, an amazing performance. He rocked it! Very bull.  

Agreed. I thought I would watch the first 10 minutes or so but I ended up watching the whole thing. I wonder if Ben Lawsky will also watch it and what his reaction will be.

Meet him at the border with a Swat team and a bunch of reporters.

[cypherdoc]

And Wall Street had the audacity to call Bitcoin volatile?

Jeez, - 272, +272, -102. Up down up down. 

[STT]

Ironic but lack of volatility can count for inacurracy.  If say a price rises for every day over many months, the chance of it being inaccurate is greater I think.  Where as constant shift between buyers and sellers shows an active marketplace I think.  Bitcoin has declined before, price alone does not show health

Value durability counts for alot in the context of this :



Some countries are growing and it may not apply but dollar is a national currency used globally, if that trend were to reverse at all then its a far harsher swing possible then shown here
If bitcoin does have durability at all then its longterm value is more assured ?

[nanobrain]

Wow, just some incredible posts the last few pages; I'm seriously wondering if I've taken a wrong turn with crypto.  Some of this conspiracy stuff about "the manipulator" is just plain ludicrous, I'm going to stop myself because I don't won't get into either a discussion/argument nor offend anyone.

I seriously believe a lot of you need to take a break from monitors and charts and analysis; take a walk in the woods, dance, talk to people face to face, visit another country.  Find some balance.