He said the other day he sold everything....this is just his wet dream.

 

it is! and maybe now I am wrong, but I was right on every single prediction until now.

All the way back to Wednesday's prices?

It retreats. This is normal. Well "bitcoin-Normal", which is; well... not normal at all...

It is interesting we talk about there being 21 million. But that is in 2140 (I believe). Most of us are not going to be around then and I doubt money exists then the way it does now anyway.

My point really, is that we have an extremely deflationary currency (as demand more than outstrips the new coins) to such a degree, that for all purposes, we can just call this a deflationary currency period (even though it is growing). And BTC will probably grow by leaps and bounds unless a big nation or two attack it. And looking at the condition of banking right now, they better think twice about that.

And the ECB a week ago, lowered rates to America's suicidal level of 2.5% (from .5%). There is no going back. We are officially in Monopoly money territory. Are they so stupid? Evil? Or perhaps a combination of the two. It is just a matter of time now for the Dollar and Euro to have "Bail in" level problems. Which is interesting as the ECB was talking about a bail in of 10% for EU positive net worth people. Perfect timing ECB!

Take your last look at bankers still walking and breathing. (No threat made there, just a prediction). If they take 10% of the net worth from EU citizens, the Italians alone will hang them. 

I'm still hesitant. I don't really see how the bubble can un-pop in 5 days... that would be have to be some sort of record!

I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.

bull$hit ..guess who holds most of the bonds? ...hmmm  

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

BTC dollar worth

That's the other option too, I agree. But I'll consider both of them, 400 is resisting for 4-5 days now and that is interesting with all bullish sentiments around.

Some big buy would need to jump on 400 wall for smaller players to join the party.

To be honest, I'd be pretty bearish at this point if it wasn't to Lucif being bullish. I respect his analysis a lot.

I mean no offence by this, but do you read what you write? How many businesses, how many regulations, shit how many high ranked officials who rely on fiat need to be "reconstructed" in order to adopt it as a national currency?! This is not la la land. If the wrong foot is stepped on before given a peice of the pie it's toodles to btc.

Note though how I did not say crypto currencies... If one falls another will absorb the value! The hard part is knowing which one.

as long as they are the first in bitcoin they don't care about fiat , if they can replace it they wil simply do so
they only worry of officials is riots of chineese locals witch will not happen if they too can invest in a currency not connected to banks , bitcoin is digital gold , and can and will replace fiat infaltables as dollar and euro.

$449 will be the crash.  It's the next prime number.  Big psychological barrier, especially with the nerdier crowd.

+1 And it will happen again after the US decides on its digital currency regulatory policies on the 18th of this month. The news will create more questions than it will provide answers, giving the perfect opportunity to induce some panic into the public.

*edit There HAVE been bubbles in the past, but this likely is not one of them... yet

We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins.

Totally agree. We will never see again cheap bitcoins.

Nothing like this has ever happened in the history of the world.