One year ago...

[dnaleor]

Time to think back to the good old times...
Soon the current exchange rate will be lower than one year ago.

I invite you to post some quotes from exactly one year ago.

***

One year ago...

BTC was at 283.32 USD (Bitstamp VWAP)

[dnaleor]

Some posts:

choo choo

If this bubble can reach $1k, will it promptly create a crash from all of the sellers at that price point?  Or will it begin much sooner ($500)?

Here's a "back of the envelope" theory:

Base to Peak ratios
Bubble 1:    $1 to $30 (30x)
Bubble 2:  $13 to $260 (20x)
Bubble 3: $120 to $1,200 (10x)

Bubble 3: $120 to $1,680 (14x)

Actually they are not Bubbles, technically they were a run on the Bitcoin Bank, and what we have today is a lineup to deposit into the Bitcoin Bank.  (given we don't charge interest, there is a market based enter fee for depositors, given the utility and limited supply.)

Bubbles pop, and mismanaged banks go bankrupt and there "customers" panic.  

Bitcoin looks as strong as a bull and like it's here to stay

I'm starting to freak out a little bit... Take a look at the asks in all markets, a few K's until 300, then NOTHING.
This means that if we break 300 and NO new BIG whales appear there is no support at the top, we could repeat what happened in april, more than doubling in one day (from 300) and then...

and then...

Either some early adopter coins come out of cold storage and appear on the exchanges, or else we enter a phase where the only coins available for purchase every day come from the newly-mined coins that miners choose to sell.

Somebody is trolling...

[16:37:47] <chaang-noi> is it true mt gox ran out of both fiat and btc?
[16:38:01] <+SarahCoinBit> mtgox646: We are not having any type of funding issue.  The coins are there in limbo
[16:38:20] <+SarahCoinBit> chaang-noi: We have not ran out of anything, nor is this a cold storage issue

who run out of what now?  

lol  

Can't take out FIAT, nooo BUY BUY BUY !!!

Can't withdraw BTC, ahhh SELL SELL SELL !!!

Being Goxed both ways ...

This is getting absurd. I don't mean to say that Bitcoin shouldn't be going up, but what I'm seeing goes something roughly like this:

Step 1: OH SHIT GOX IS RETARDED! (*Dip/crash*)
Step 2: Why did we sell when we can only withdraw coins! (*Huge Rally on Gox*)
Step 3: Woo, I'm on Bitstamp, gox is rallying, better buy before we follow! (*Huge rally on other exchanges*)
Step 4: Yay, other exchanges are now roughly equal to gox, Gox must have fixed! Yay! BUY! (*Slow buys happen*)
Step 5: OH SHIT GOX IS RETARDED!

if people weren't damn weird, we should be permanently on Step 4. ~.~

[bitkilo]

One year ago, i just found out about bitcoins.

[galdur]

Woo, for a moment I thought BTC had tanked 60 bucks. 

[okthen]

This thread is just too sad

[dnaleor]

I'll keep posting the chart in this topic each day until the current bitcoin exchange rate will be higher than one year ago
(yeah, i know I started a few days early, but I didn't want to miss to queot the fun posts at the start of the rally)

Going to sleep now, in 6 hours I'll look inside my posts of a year ago

Keep posting them.

[dnaleor]

I found this post of my own

people will initially start buying Litcoin, because it is cheap. But they will realise after a while that they just need to buy fractions of a BTC, no problem

So Im bullish on litecoin for the moment

(and it is already happening)

[dnaleor]

One year ago...

BTC was at 317.94 USD (Bitstamp VWAP)

edit:

the amazing rally continued. Current exchange rate is now close to the closing price on Bitstamp...

[dnaleor]

some posts:

Mt Gox is running out of coins!!!

whoa.. is this real life?  

No, this is Bitcoin.

It's better than real life.

any word on withdrawing btc?

[17:17:07] <SarahCoinBit> Thank you everyone for being patient and sorry for any inconvienience
[17:20:03] <joesmoe> 48 hours i've been waiting now
[17:20:37] <SarahCoinBit> joesmoe: For a btc withdrawal?
[17:20:38] <yerp> go away joe u crybaby
[17:21:05] <joesmoe> SarahCoinBit yes
[17:21:55] <joesmoe> 2013/11/07
[17:21:55] <joesmoe> 01:41:54
[17:21:56] <joesmoe> withdraw      120.00000000 BTC   0.75259713 BTC
[17:21:57] <joesmoe> Bitcoin withdraw to 1J5bpFfpHavNyyJtVu4AqRqjZSQjA5dxKD
[17:22:00] <SarahCoinBit> joesmoe: We are trying to resolve it as fast as possible, sorry for the delay
[17:22:15] <joesmoe> also have other transfers missing as well, but thats the oldest and
[17:22:18] <joesmoe> biggest thats missing
[17:22:44] <SarahCoinBit> joesmoe: Sorry, they are going through but it's taking time to fix each one
[17:23:14] PaulB0 [~PaulB0@gateway.genevasi.com] has quit IRC: Read error: Connection reset by peer
[17:23:39] Anduck [~Anduck@unaffiliated/anduck] has quit IRC: Ping timeout: 264 seconds
[17:23:57] <joesmoe> maybe they could fix them in priority of size?
[17:24:08] <Xialla> no
[17:24:12] <joesmoe> would be most logical in my opinion to take care of the more profitable traders before the less profitable ones
[17:24:18] <Xialla> no
[17:24:47] <joesmoe> obviously a dev's time is limited, and fixing things for larger transactions thus is more profitable in the long run fox gox
[17:24:59] <joesmoe> Should have to wait days for a 120 BTC transactions
[17:25:14] <joesmoe> should not*
[17:25:19] <joesmoe> Xialla: How long u been waiting?
[17:25:43] <SarahCoinBit> joesmoe: We are not showing any favoutism.  It is in our best interest to get them all fixed as soon as possible.  Cherrypicking which ones to fix would take much longer
[17:26:09] <joesmoe> funny because i notice most of the others who were waiting for multiple hundred BTC withdraws are no longer waiting, yet here I am...
[17:26:14] <SarahCoinBit> joesmoe: I'm very sorry you have had to wait

Woah..I thought only fiat having the problem. Not in this case BTC withdrawal. I leaving gox after 3 months my fiat withdrawal still not process by them. Why people still playing there?!

[dnaleor]

One year ago...

BTC was at 338.71 USD (Bitstamp VWAP)

The rally continued, but some volatility entered the market.
It is possible the current exchange rate will dip below the rate of exactly one year ago in the next 24h...

[dnaleor]

some posts:

mtgox @ 362 and climbing... do I hear 400 tomorrow?

Did that wall on our exchange at $335 just get eaten or was it moved? 

You tell us hazek

Nočna izmena a?

Ma ne, sej grem spat zdle.

I think china is about to explode, I think its about to explode everywhere! BUY BUY BUY!

HOLY HELL I LOVE BITCOIN!!!!  

Hey! Bitcoinity! Very funny!

Ok, so I usually have MtGox and Bitstamp on my first two tabs when suddenly I see this:


Too bad it was only a 502 server error

I like these new crashes.  Much less anxiety.

Went from 348 -> 300 in stamp so i sold 1/6 of my coins in first rebound at 330. I had 100% of all my wealth in coins (i don't have any loan). Lets see what happens next.

took more losses and bought some more back!  

My last sale was at 375. My next sell is for 400.

thats the best way to do it, sell little bits slowly as its rising.

no, it stinks. I always do this and it inevitably turns out that simply holding would've been better.

It's not at all similar to this spring, or we would have crashed deeply with volume of more than 100k BTCs already.  

I am completely speechless with the tenacity of this price fly-up, it simply refuses to go down, several crash attempts are just easily absorbed, each time countered a powerful buy wave.

Truth.

+1

When comparing April with today, the current run up seems much more impressive.

We had the "Silk Road down" correction... (but I'm with you, it's going too fast)

[Brewins]

TLDR: one year ago people talked about 10k or 100k coins by now, because year after year the price must goes up at least 10x due some unknown natural law.

Can't say it was unfair

[Malin Keshar]

one year ago: we are going nowhere but to the moon. Bitcoin will take over the world.

now: "we are going nowhere but down" (fallling)

A few words can say more than 1000 pictures

[TinaK]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

[BitcoinAddicts]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

[ask]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

There is still way how you can get some more of them:

Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!

[JessicaSe]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

There is still way how you can get some more of them:

Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!

Leverage is risky, advice not to use it...

[ask]

Bitcoins? Buy! Buy! Buy! Without Hesitation!

Already bought all the bitcoin I want, actually bought too early ...

There is still way how you can get some more of them:

Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!

Leverage is risky, advice not to use it...

Also life is risky. Don't use it

[mmortal03]

One year ago...

BTC was at 338.71 USD (Bitstamp VWAP)

The rally continued, but some volatility entered the market.
It is possible the current exchange rate will dip below the rate of exactly one year ago in the next 24h...

We'll now stay above where we were 365 days ago for only about 48 hours, then we'll drop below it indefinitely, until a major rally occurs.

[Wekkel]

One year later and beany bean is still no less than 1/4th of peak price. I am impressed.