Well, maybe by 2017, bitcoins are gonna be worth $20,000! ^{$900 is my real guess for 2017}

Wow, price was really stable today, comparatively to recent history. $3 range, it seems. And the trolls are nowhere to be seen/heard. Perfect.

I see this as a calm before the "storm" that I guess march (and maybe april) is gonna be. It's gonna be fun seeing what happens.
Edit: and the price is creeping upwards! Hooray!

Delete it!? But it's brand new!
Nah, I'll keep this account going for a while.

Quick question:
Why is that line important at all? It's not like "it's ether an uptrend at this rate or a downtrend", it's been going up a while. It may go down further, though I think it won't go below 220 for a while. We're in for some sideways action.

Normally: "BITCOINERS ARE SO AND SO!"
When called out about it: "I wasnt talking about you".
Why waste time on trolls and people prone on making bullshit generalizations and are only here to say "bitcoins be total failure"?

Crying? Heh. Why would I?  
A bitcoin is a bitcoin, no matter what the exchange. Sure, I'm always hoping for the price to be up, and bitcoin's volatility is a huge issue with the digital currency... and yet, bitcoin works as a currency. People exchange goods and services for this digital curiosity.
As a currency, it is a success. As a mainstream currency... not (yet). I'm not fond of "bitcoin is due to fail, and it's shit. Heh, bitcoiners and their BTCeanies" comments. That is all.

  Best. Post. Ever.
There's still the risk that we crash and burn, but losing my $50 invested in bitcoin (now, $53  ) is worth what I've learned so far. This ride is gonna be really, really fun.

18 months... That's the halving, right? I'm excited to see first hand how these markets behave then. And, boy, the trolls are gonna have a field day fear mongering then.

Lets see <Unignore>. Yep still just mad ramblings saying bitcoin is a failure and bitcoiners are so and so. <ignore> God, I love this option. As for the price, I dont think its gonna go under 210, at least for the next two or three months.

First entry for "degenerate bitcoiners" in google search:
https://bitcointalk.org/index.php?topic=178336.195495;wap2

Steady grow upwards, at a stable price.
We're in for $6-$8 drop at about  $250 (in three or four days), I think.

Learned from the best 

It's probably gonna be one or two months until we break through $400. Then, one more month for $500. ^{I guess.}

I hope you realize that the endgame is to increase one's amount of purchased bitcoins for when they are worth more, right...

Yeah, We'll probably see $240+ all day tomorrow. Hopefully pushing past $250, and maybe $260 ($270?) the following days. 2015 is th year of [Insert animal that represents slow growth and lots of sideways motion).

In this case, I would like to hope the people hoping for cheap bitcoins are like the people hoping for cheap apple stock in 1982. Sure, this strange new thing (apple/bitcoin) is unstable, nobody know for sure if it will end up on top... but the potential it has? Woah.

Damn, now I have to set one up...
OK, how about:
Jun 2015   BTC0.1793
Dec 2015  BTC0.1972
Jun 2016   BTC0.2170
Dec 2016  BTC0.2387
Jun 2017   BTC0.2625
Dec 2017  BTC0.2888
Jun 2018   BTC0.3177
Dec 2018  BTC0.3812
Jun 2019   BTC0.4574
Dec 2019  BTC0.5489
?

Month, Year, BTC Owned (by me)

I'm never gonna retire. I want to always have at least a part time job when I graduate (hopefully next year).

Well, OBVIOUSLY, if bitcoins are below their all time high price... it is a complete and utter failure.

OK, I suppose this is the season of the fat crab. I foresee lots of sideways for us.

there are a few nuggets of info here and there...

I find it eerie that  We've stayed between $232 and $249.30 for the last 9 days. It feels like lots might be awaiting to see what the auction's effect on the price is. I think this may be a calm before the storm. "Storm" meaning perhaps violent fluctuations...

a $3 decrease looks like a break down to you? You must be new to bitcoin.

The guy won't make it through march without panic selling, if a $4 range (that's the range for the latest 24 hours) scares him.

Har, har. Let me guess the joke "bitcoin went down in price constantly for about a year". Yeah, that got real real old real fast. LambChop wore it out 100 pages ago.

Holy shit. I remember saying that we would reach 250 today, but not like this. ^{Not like this!!} But wow, that just shot up like the past few days never happened.

new bottom is gonna be 240 for a while, then moon... hopefully

Lol, k.

Then, when the price goes to $250 (from this $260-$270 pump), they're gonna be like "we told you so, now it's gonna drop to $50".

High five! My prediction came true as well. I predicted a run up to 250 and a drop in about $10 a few days ago. Now, If only I would have acted on it...

Now, at the risk of being too optimistic:

I think we're gonna be going to the moon when e break through $300. I think it's gonna be a sluggish rise (like what we saw in Feb.) until we get to $300.

So, something's weight is directly correlated to it's value? Just because something's density is cero kg/m³, doesnt meant it's without value. Care to explain why mercury and gold are differently priced? Why is lead and gold differently priced? Seems like an arbitrary choice made by society that we all just accept for convenience. Could something digital get to that status?

hmm...

hmm...


See any similarities?
(Also, how do you make an image smaller?) Nevermind. Thanks, empowering!

Duh, I mean... can you make it smaller directly here through format code alone? I'm gonna guess no, based on your answer.
Thanks, I got it!

You're describing a double spend attack, right? Ether that, or something completely idiotic.
Imma go ahead and call bullshit. There's no way you can pre-mine a blockchain, you're racing against the entire network to solve the hash. The hash of the previous block is included into the hashing process of the next. You'd have to start out solving the latest block on the chain, and the consecutively solve... how many blocks do propose, exactly? Not only that, but pre-mine ahead of the network. The most consecutive blocks mined are six, by the largest pool in the entire network. This isnt a "any kid can do it at home with his laptop" scenario.
Then, just copy over the wallet to some other computer and spend the coins twice... What?
You obviously have not idea what you're talking about.

I'll bet you all my coins (0.107) that you (you consider yourself superior to "any kid with a laptop", right) definitely CANNOT duplicate any bitcoin through the method you described.

Guys, I just found out a gold deposit got "hacked" (http://abcnews.go.com/US/wireStory/million-gold-stolen-truck-north-carolina-29329470), that means all paper money is doomed to fail, right?

Also, I predict that we're gonna get to $280 before the auction, then we ether drop to $250-$260, or stay steadily (with fluctuations) creeping up to $300 by next Wednesday.

TIL, trolls make all sorts of crazy conspiracy theories when it comes to bitcoin.
For example Jorge Solfo(something something) said "any kid with a laptop" can duplicate their bitcoin by mining a duplicate blockchain (somehow), and some manipulation of private keys... yet he is unable to present a proof of concept. Because any kid with a laptop can mine a blockchain parallel to the one we use... somehow creating "bitcoin b".

Interesting...



How did one chane the image size? Damn it, I have it written here somewhere!
Yay, found it!

“Chaos isn’t a pit. Chaos is a ladder. Many who try to climb it fail, and never get to try again. The fall breaks them. And some are given a chance to climb, but refuse. They cling to the realm, or love, or the gods…illusions. Only the ladder is real. The climb is all there is. But they’ll never know this. Not until it’s too late.”

I wouldnt count on it. I say the high for 2016 is... $900? Maybe $800? I dont know, I just pulled a pair of numbers out of the good old derriere.

I was confused there, for half a second.

I we keep going up at the average rate for these two months, ^{times the percentage... Carry the one...} We're gonna be at about $600 by may 9th. I hope that's not wishful thinking, but I feel it is.

Where do you think this next top is?

I'm calling it, we've got less than a week under $300 left. Why I dont know, that's just how I  ... feel the price is gonna go, I dont think we're gonna pierce $330 in any permanent way this month.

I know, right? Oh, well. Another account on the ignore bin.

Looks like it may be picking up again. Maybe by the time I wake up tomorrow, we'll be at $297 again, caressing the $300 barrier. We'll break through between now and next week, definitely. Just wait and see.

All I could think about when I was watching that video was "duuur, perty". But yeah, bitcoin is not dead. Saying that bitcoin is dead because of the bubble burst that happened last year... it's like declaring a toddler dead the first time he falls of his bike and scrapes his knee.

I wonder how many employees bitstamp has, and how they pay them. Other than employees and hosting, I doubt their expenses are higher than any small business...

.-. ¿¡ʇɐɥʍ

Is it always like this? Never mind that less than a month ago, we were between 250 and 230. Nevermind the obvious uptrend, one day dictates that bitcoin is dying. I'm not celebrating ignition just jet, this rocket's half built. If we keep this uptrend till may, I'm pretty sure the rest of the year will be a ride past $300, $400, and maybe $500.

Honestly, I have no idea. I predicted we'd break $300 this week, but I don't think that's gonna happen now. I hope it stays between $280 and $290... though below $100 would encourage me to buy. This strange little thing called bitcoin is stronger than lots of government backed coins. I live in a place where one unit of currency is 1/7 of a dollar. We dont make pennies anymore, the're too expensive. So, that makes the smallest trade-able fiat (5 cents) worth... 2,000 satoshi. If we still made pennies, they'd be worth 400 satoshi.
I live in what could be considered a third world country, yet some people here are wealthy. I am convinced that the poor live in the past, and the wealthy in the future. How did society look like 1000 years ago? Go to a poor place, you'll see (a little tainted by modernity, of course). The wealthy here have heard of bitcoin. Some are excited. I believe bitcoin has a guaranteed future. I dont know what price it will have, but I believe it's use will be widespread.

And I want to look to my friends and say "see? I told you so  ".
I dont care if I lose the money, I think I wont (I bought BTC0.13 at $270)... but if I do, I am sure it will never be worth $0.

damn it, why does the pseudo-intellectual FUD troll have to share my name!?
Anyways, one doesnt really have to be a tech technician to know how to use bitcoin. One only has to a simple set of rules:
a) encrypt and back up your wallet (it's really easy to do in bitcoin core, IDK about other wallets)
b) always be careful who you send to always check the address more than once.
c) always be careful how much you send always check the amount more than once!
d) always use escrow (there's a ton of websites that are cheap and easy to use for this service).
e) ALWAYS check the reputation of the person/business you're giving your coins to.
f) follow any rule applicant to money.
^{g) paper wallets are safest, so long as they remain unspent. Never use the same paper wallet twice (paper wallet tutorials are super easy).}

But since "any kid with a laptop can duplicate their bitcoin". That's no problem at all.

Funny how Jorge talks about "most people" like he has any kind of data. Meanwhile, I'm still waiting for a demonstration of "any kid with a laptop can double the bitcoins in circulation".

How are miners disincentivized from including lots of transactions? The amount of transactions has not effect on how hard a block is to solve. They are incentivized to pack the block with as many transactions with fees as they can. That could be an issue, as (I read once in /r/bitcoin) a transaction with little to no fees (I remember the fee being like, 100 satoshi) can take hours to confirm.
Another small nugget of truth buried under that guy's bullshit is the centralization of resources. We humans are team workers, we pool together resources to pull a team through. ^Pool That can add up, and like the huge corporations that handle very specific things, and have created local monopolies, bitcoin may see a few mega-sized creatures that seek control and wealth disregarding what people want/need. There is no easy way to solve this. But this is not a problem central to bitcoin, it is a problem we've seen arise in oil, telecommunications (phone, cable & internet), banks, etc.

Huh, $270. Shit, we were so close to breaking the year long downtrend. No $300 this week, maybe next month.

Stolfi likes making senseless arguments to FUD. Come on, Jorge, I'm still waiting for a demostration for your claim!

So now, it's happened before. Care to back up your claim? Or are you just gonna repeat it to "demonstrate" that what you're saying is true?
I would love to be able to just make claims, and merely saying "well, it's happened" be the demonstration.You're obviously not her for any real type of conversation, rather, you're here to make baseless bullshit claims. I dont know why you're so keen to FUD, but I know that you willfully make bogus claims.
Is it just me, or does "hard fork" always come up when the 21 million limit is disputed? "Well, you just hard fork here and there, and poof 21 million more bitcoin".

Ouch. Like I said, $300 is postponed til next month.

We're better off than we were two/three weeks ago. That looks like a win to me. I hope we don't dip below $230. Though I am secretly hoping buy some bitcoins at $200... and have it come back to $298.

$260. Will we hit $270 tomorrow? what about the day after? and after that!? I'm excited!

Hey, tarmi. How many newbie posts in the last 3 pages? One? Two? How many in the last seven? Exactly.

Bitcoin is never over. It has just begun. We have seen much better and much worse prices. We live another day to say "what a ride". And to see the next peaks and valleys.

Get ready for it, you guys ^{and gals}.
LOL.

I just imagine that bitcoin is a new nation's currency. Is the indonesia rupiah a ponzi scheme because it's been dropping in value for 4 years (https://www.google.com.gt/search?q=indonesian+rupiah#q=1 IDR to USD)? Or are there a bunch of complicated economic factors that have harmed this currency over time? I've said it before, and I'll say it again. Bitcoin is already "stronger" than many government-backed coins. All it needs is a little stability and it'll be comparable to the old monetary systems. For now, we have to see bitcoin stumble and get up several times as it finds it's way in the world. How unstable was trade back in the 1500s?

A chicken (and maybe some grains) may have been worth a pig, but five pigs can get you a cow, and a cow might get you ten chickens. So much is a cow really worth!? Obviously, cows are a ponzi, because their trade value varies over time due to traders having different needs, trading their cows for different goods.

PS: Money doesnt create any value ether. Imagine that argument being used when the first dollars were being printed "As an investment, I believe that it is fairly well illustrated by that gold-making circle on my newspaper.  The paper money system does not create any real wealth (food, homes, cars, boat rides, haircuts...)  Unlike [insert time-appropriate equivalent... maybe "hard work"?], any proft that one can make from 'paper money', wether[sic] by short-term trading or long-term 'hodling', will be someone else's loss." I repeat, Jorge is only here to FUD in a pseudo-intellectual manner, pretending t know exactly how bitcoins work, and how the system is just another ponzi scheme.

PSS: I'm still waiting for proof on your claims about the bitcoin clone that would double the bitcoins in existence. So far, only claims with no evidence to stand on.

You made claims 3 times. Got any evidence of bitcoin clones resulting in more bitcoins being on the market? I'm still waiting for proof that (and I quote)

Hm... I dont know. I guess repeating "you're full of shit" would be a less classy way to say that... though you could say I'm curious to see what claim he will say counts as evidence/proof of what he said to be true.
Most of what he says in response can be summed up to "hard fork here, hard fork there, poof! Magic!", so I guess I should stop.

 
And here I thought we'd be discussing the price.
-sigh-

While that was loading, I was half expecting it to blow up, lol.

Nah, a golden cat. Bought with bitcoin. Dressed with dollar bills.
It would be poetic.

Does that mean I get bonus "street" ^{(well, most of this forum is indoors, I guess)} cred?

Huraay!

Hey, guys. Found Lambchop.

I'm nominating $280 for april fool's. Though I have been wrong before. I predicted $310 by this week. Let's hope this time I undershoot  .

Holy shit, trolls coming out full force just because we're back at the $240 range. We were here last month, and there was much less FUDing then. Oh, well, I guess a (sharp? could 8% in one day be considered sharp?) decline to $240 makes them harder (or moistens them up more) than a steady uptrend to $240.
Bears have their days, bulls have their days (funny how the beartrolls are much more vile), I'm just gonna sit on my bitcoins and see what happens.

So if I understand the four punch raiders thing... this should be the short squeeze, right?

Why? what's up with that d00d?

God damn it. Governments can't be trusted. Urgh. I'm so sick and tired of the shit they get away with. It's days like this when I wonder... Is ignorance bliss? I mean, am I really that less vulnerable by knowing what they can do?

I start feeling that I care less and less about the daily changes in bitcoin price... I feel as though it won't matter in two years, because my coins (well, my 1/6th of a coin) will be worth at least twice what I bought them at ($280-ish). Now, I'm watching the market with not a care in the world. I feel a bit liberated. Time will tell if I'm wrong.

I still remember that day NLC had her 8 accounts spamming this place, urgh.

... For no reason? I'm here because I like reading about bitecoin on the internets.

wow, and entire year in the $200s? I'm not entirely sure how to feel about that.

OK, now is when I think we'll see ether a continuation of the downtrend or a stabilization/reversion... based on the last year, I guess.

Yeah, I think I've seen two of these such occasions.

Wow, computers were really useless back then, comparatively speaking. I can hardly think about running all my games, storing all my files, etc. on that computer. I have over a terabyte worth of TV series, movies and anime. How much would it have cost me to get that kind of storage 25 years ago? I am excited about what technology will be able to do 25 years from now.

How widespread was computer usage 25 years ago? What about today? How widespread is bitcoin usage today? I'm confident it will be used worldwide. Hell, it already is, in small pockets.

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Look at me.
I am the avatar now.



They lived, but their lives were hollow caricatures of what you and I call "life".

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Look at me.
I am the avatar now.


Early 20th century calculators are the bases for computers, right?

I lent out some of my bitcoins in bitbond. Now that the price is going down, I could get more bitcoins because the payment (in bitcoin) is calculated in USD. I dont know if this is a continuation of the year-long downtrend since the ATH. I still have faith in this new technology, and I believe despite- no, because of all the bitcoin-like services (altcoins), that this thing will thrive. I think of it like social media. There are tons of websites, all with their own charm, but there will always be one giant that rakes hard cash (millions, possibly). Bitcoin will be that giant for at least my lifetime, I believe.

Having said that, I'm kind of glad the price went down.

Alright guys, here's the deal. I need the price to stay this low ^{undervalued, actually} for a week. Let's hold off the massive green candles until after the fifth, OK?

I'm confident that there will always be miners. Regardless of reward/fees. Why? Look at torrents. There's always seeders if what you're looking for is popular enough. And I'm pretty sure bitcoin will remain very popular.

It's still early days. We're gonna see some awesome things in 2016. 2015 is the calm before the storm. I know that bitcoin (and maybe some altcoins, who knows?) is destined to play a big part in the future. It's too damn easy to use and convenient. Only crazy people think it's a complete failure.

Looks like we're bouncing back up. Back to $235? maybe $236. Then we're gonna spend another 4 days going up and down a $2 range.

Well, at least Superman, Spiderman, Captain America, Poison Ivy, Harley Quinn, Robin and Reed Richards seem to be having a good time.

Bitcoin will be done for when the Mexican peso is done for or when the Canadian dollar is done for, or when the Guatemalan quetzal is done for... ^{I think El Salvador uses the US dollar, and I dont know what Honduras uses.} The point is that bitcoin already has a following, and sure, it's value has gone down, but so long as any (small as the group may be) people are willing to trade it for goods and services, it will carry on.

PS: Turns out the Honduran coin is Lempira, and it's been suffering a bit from inflation. It's lost about 15% of it's value relative to the US dollar in the last 4 years.

Yeah, that's probably it, devaluation.  Thanks.

I think even they fell asleep.

Heh, that actually got a chuckle out of me. You gonna show us that article, or is it another "me telling you so is proof" shit you usually go with when asked to demonstrate something?

Stolfi, I was asking for the "Major Bitcoin News website" that confused one European nation with another. Sounds vague and made up to me. But I guess it doesnt matter now.

I have a bit more free time, and now I keep checking the price. I'm getting suspenseful. Any time, now some movement's gonna happen. I'm excited to see which way.

Well, about 75% voted buy or hold...

+1. I get the feeling that bitcoin will start to go higher and higher, like the vocalist's tone.

And trolls be like "You are on your way to destruction. You have no chance to survive, make your time. Hahaha."

Nah, not worth the effort. Dump them all to 1bHPh41CeaBqPqT8zqzjgwcXmyKL67khe. The poor bastard wont know what hit him.

I have an image from that game waiting in my image folder for when this stability turns into a big uptrend.

OMGs! Is this the weekend crash all the bears were talking about!? Meh.

When it's volatile, it has no future, because its use will not be widespread. When it's stable, all the sudden, it's stagnated. You bears are never happy.

I could only get like, BTC0.04 on local bitcoin. $270 isnt that bad, right? right!?

Hey guys, I was wondering... how would a bitcoin miner perform at distilling alcohol from fermented fruits/vegetables?

People are never happy. I think that's a fact. Sometime it's a bad thing (constant complaining). Sometimes it's a good thing (every single technological advance ever). I'ma glass half full kinda guy.

I'd like this new stability if it had the price slowly going up. But it looks like we've been in a downtrend since we moved from $242 to $235. Well, at least we've moved up a few cents since the beginning of June.

Hopefully, we'll be back to 225 tomorrow. Then we'll have a bunch of trolls calling it a dead cat bounce.

No, the crash was during the weekend! Now, its the dead cat bounce, before it crashes down another $2. Hell, maybe it'll decrease $5 in value!

I'd love to see it go to $235 today, and close at $2 40 tomorrow. What we really need is to break through $300 this month. And I think we will.

chmod755, there is a very fundamental flaw in your "middleman diagram". You include where the people got the bitcoin into the "middlemen" that hande transaction of bitcoin between the network users. You failed to include the employer, the mode of payment the employer uses (it usually involves a bank), and the impossibility of sending cash to people 2,000 miles away in 60 minute's time in the cash part of the diagram.

It fails to include P2P transactions for goods, where (if you ignore the middle men of obtaining the bitcoin, as you do with cash) it not only performs the same, but above cash, due to the reliable 60-minute waiting time (at the moment, with a $0.0001 fee) one must wait for bitcoin to "arrive" (multiple confirmations of the transaction), regardless of where in the world you are sending bitcoin to. Not to mention that you never need to worry about change.

Majority!? You named three transaction types. Bitcoin alone has several scenarios you failed to mention solely for the misrepresentation of the cryptocurrency in order to (wrongly) assert that it has many more middlemen than fiat transactions.

Bitcoin
Purchasing bitcoin using fiat in exchange:      Bob → Bank → Bitcoin exchange → Alice (selling is the same, backwards)
Purchasing bitcoin using fiat:                       Bob → Alice or (more recommended) Bob → escrow → Alice
Exchanging bitcoins for goods personally:      Bob → Alice
Exchanging bitcoins for goods at a distance:   Bob → Alice or Bob → escrow → Alice

[Well, seems Elux put it better than me]

Exactly, that is my point. Bitcoin has as many, if not fewer middlemen. Bitcoin is easier to use than a bank (though, they are somewhat required to obtain bitcoin). Bitcoin has as few middlemen as you'd like (like what the other guy said).

... and it looks like were back in flatland. I feel good seeing the price go sideways, even though it gets boring after a while. Lets move up soon.

Now, we wait. I, personally, think that we'll be seeing small pops up, followed by flatness. Slowly getting back to $240.

I see us breaking through the ATH downtrend this late August, or early September. The logarithmic one, anyways. I think we already broke the lineal downtrend. Chartbuddy, I leave the mic to you.

Here's how I've felt for the las week or so when it comes to the bitcoin price:

And then, nothing happens.

The one day I stay mostly offline... well, we're up a bit. ^{Maybe I should stay offline more often.} Closer to breaking the downtrend from the ATH. We'll be above it july, but we might not be able to definitely stay above it until early august... because reasons.

I can't wait to see what happens tomorrow. I'm hoping for a $20 hop upwards.

All bears will be EXTERMINATED!
 

I just noticed that (at least on the bitstamp chart) the price just barely went above the log downtrend line yesterday. I drew some more lines (pulled directly out of my ass), and predict that we're definitely getting out of this downtrend by late July, early august, rising from somewhere between $230 and $240. I dont think we'll be seeing $220 again this year.

We're really close to breaking the log downtrend, and I expect to see a few days in $310+ when we definitely break out of it.

To be honest, I have no idea how we will break it. The thing is that when we broke the ^{(I dont know if this is really a thing)} lineal downtrend, sometime in feb 26 with $240-something, we spiked up for a few days, then went back to the weak uptrend we've been having since the dead cat bounce of this January. Sometime between now and august (we'll be above the log downtrend), I think we're going to spike upwards above $310, stay there for a week, then drop back down to whatever the price was before that rise. We'll be at $250-something, move up to $310+, then drop back down to $240, to slowly rise up to $260-$270. Then it's a steady rise until the early 2016 pre-halving mini-bubble.
We've going to end 2015 somewhere between $280 and $320.

... and that's what my gut tells me

Are there any official news on the fork yet?

Definitely not in June, though. Possibly sometime July, most definitely by mid August.

I was looking at the entire bitcoin price chart, kindly provided by some posts here, and I realized... there are two ways one can present it or look at it.

As a failure...                                                                            or success.



I chose to see success.

Guys, let's say it how it is. Nobody is lining up to buy bitcoin... because with bitcoin there is no need to. It's so much more convenient than cash.

I love that comic. I love it so much. Because it works so well in a different context. Can you guess the context of the following image? (hint: 2008)

We ether stay in low $250s, high $240s, or punch right through the downtrend log line... or kiss it, and settle back down to $240s. We'll see within 48 hours.

I'm totally talking out of my ass, as I know very little about encryption, but can't you encrypt something and have the key be some biological feature unique to you? Like... the code to an image of your fingerprint, or your entire genome (just to be safe)?

The movie Wizard of Oz was about bitcoin all along. "follow the yellow brick road?" the bitcoin logo is predominantly yellow. The wizard lives in the emerald city, his power is held by a man that keeps his power through lies and making it out to seem he is more threatening than he really is. Both the wizard and the witch are green when they're "bad guys", just like how the US is bad when it's green (cash).

...or I'm reading too much into it.

We'll be over $310 and then drop back to sub-300. To somewhere between $260 and $280. Then we'll be moving sideways again.

Damn, and I just changed my LTC to bitcoin about 6 weeks ago. Well, I'm waiting for this to settle back down to $3... see what happens. Good news is, we're probably going to see a similar (albeit, flatter) uptrend for bitcoin a few months before the halving. I LTC is any indication, get ready for $450+ by april 2016!

Alternatively, any noob deterred by that FUD does not deserve bitcoin. I am convinced that bitcoin are an excellent long-term investment opportunity (hence my 4-step plan: Buy bitcoin, wait 600 days, ?, profit!). If you can't handle the risk, and are too scared by the price history (the 18 month downtrend), that is your loss. The rest of us are going to laugh all the way back to $1180 and beyond.

And if we're going down, I'm fairly certain we will bounce off of $240.

We're ending the bear trend from $1170. We're barely above the log downtrend line from then. Give Bitcoin a few weeks. We will go over $300 in July.

Nope, we just pushed past the log downtrend line with a $4 pump. Now we're testing my "we're going $320+ then back to somewhere between $260 and $280 and slowly rise from there" prediction. So exciting.

We broke $260, log downtrend is now (for the short term) support. We're going up, up, up; and when we come down, we're bouncing off of $253. That is, if we go below $260 after this week.

And the moon baby sees us.


Now, if you look to your right, you'll see the moon baby.
Our pilots changed the course just so that we could get
a glimpse at him before we land on the moon.

$260+ holding up quite nicely. I think we'll see the price move upwards to past $320 in the next two or three weeks.

Making decisions on the fly can be fun. And is often followed by the rewarding feeling of triumph. But it can just as easily be followed by the sour taste of failure. So far, most of my trading is 50-50, though I dont do it often.

Did... did we just bounce off of the log downtrend? Cool. Now, if we can stay above $230 until July 12th, we're going to go into a fullblown bullmarket. Why the 12th? because that's when we (currently hugging the log downtrend line) intersect with what I like to call...

"the little uptrend that could".

I already bought my bitcoin at $240 (well, technically, $265. Ugh, localbitcoin. I'll get confirmed somewhere soon). So I'm just sitting here, enjoying the uptrend, waiting for the proper time to buy something for myself with my BTC.

PS: back at $260, I'm going to sleep now. When I wake up, I want $290+. Come on, we can do it!

We don't need people to lose faith in fiat. We need people to know about bitcoin, then trust bitcoin. That alone would be huge step. Bitcoin is not that well known, and quite a few that know of it dont know about it, or are sitting in the sidelines. I dont think that bitcoin will be in the eye of the mainstream (other than the occasional mention once in a while) and/or day-to-day public consciousness until after 2017.

Anyone that buys in before then is an early adopter.

PS:  ZZZZ^ZZZzzz
 Z

We're going to stay above the log downtrend line, but we're not going too far away from it in a while. I give it a week, and no price below $240 for liftoff.

Dump3r expecting new ATH. Bullish.

Nah, it was a joke. He said something like "we'll see lower lows before a new ATH", meaning that the first is more likely than the second. I mischaracterized it as sequential prediction.

I think we are headed to $32,000 per bitcoin by 2021. We'll see. Maybe that guy holding 100 bitcoin will be a millionaire by 2020. Just like how someone that held BTC5,000 since 2010 (I believe someone from this very forum got a pizza for twice as much that same year) is a millionaire nowadays. That's why I dont believe the FUD trolls. Someone 5 years ago was perfectly comfortable exchanging 2 million dollar's worth of bitcoin (today's value) with a pizza. What will our bitcoins be worth 5 years from now? Extrapolating from that 5-year-change, $32,000 by 2020 is a reasonable goal.

It just looks like just a fancy way to compare what the miners/buyers would expect as return (in USD) for "investing" into bitcoin. Seems odd, is all I'm saying. Why not just declare a loss if one has been hodling between November 5th 2014 and now? I mean, if you bought/mined bitcoin between then and the first day of this year, your bitcoins are definitely worth less than what you bought/mined them at.

So, this "debt" looks like a way to exaggerate the now-dying downtrend.

$280, here we go!!

I'm just confident we'll have a new ATH by May or June of 2016. So I'm relaxed and optimistic when looking at they dying downtrend. I think it will not die in a whimper. But with a bang. We'll be seeing $320+ soon.

Guys, I think this move above $260 (if held above that) might be triggering another move in Litecoin. It's gonna get really interesting when we punch through $270 (hopefully tonight/today, depending where you are at the moment).

Deshi Basara. Basara! (rise)

https://www.youtube.com/watch?v=DjffIi2Pl7M&t=2m16s

Come on, bitcoin!

I totally know what a "no" vote means, but just for those too embarrassed to ask, what would it mean?

I'm watching it here: http://www.theguardian.com/world/ng-interactive/2015/jul/05/live-results-greek-referendum. It's reporting 14.59% of the votes, with 60.24% pointing to "NO".

Yeah, let's just divide that by 100, so that it's realistic. I mean come on.

PS:     $$$$
$270! Fuck yeah!

To quote what someone insanely wise said a long, long time ago:

Funny how those images never show an interval larger than 3 hours. Almost as if they were meaningless! Oh, well. We'll see $280 tomorrow.

Just press 1d in the wisdom charts. It's about 14 months of bitcoin prices.

PS: right back at $270. I got a feeling that we're going to mirror the price drop of the past year and a half into a rise unto $1160 in the next 7 months.

What is it with lou ferrigno and bears? Is he a bitcoiner? Maybe he's the one pumping up the price! 

Here's the video in case the GIF is too crappy.
https://www.youtube.com/watch?v=GOJoLaxokzM

So, that means 53% of all valid votes is "no". "No" confirmed.

I think the images mean that we're definitely going to the moon, because we already saw that we're definitely staying above $200 in may.

Fascinating. So many new people coming to say that we're going to the moon, and never going back to under $300... in pictographs.

Yeah, milibitcoins are usually what I talk about with my friends. It helps the self esteem when I say "I got 200+ milibitcoins!" I think that's the way the community is going.

Yeah, I've been thinking for a few days "this just has to come down at some point" when looking at the LTC price. I got 2 lucky trades in, getting a minuscule boost to my BTC stash, and I'm waiting to see how far it goes. If I had to guess, I'd say it goes to $5, maybe $6 tops. Then whatever happens after its halving happens. I got 0.06 LTC I'm holding on to just in case. I'm waiting for the LTC price to go to BTC0.02 to trade it in, if it doesnt reach that, I guess I'm letting it ride. We'll see in about 50 days.

Don't worry. My brother and I have a loan/repay cycle that we're both pretty comfortable with. I'm sure he can cover me while I get back to my feet if this backfires.

I remember I dismissed it as a dead crypto back in March, when I exchanged some bitcoin to it, and then changed back at a loss about a week after. Now look at it, revived (more or less). Bitcoin and Litecoin have at a positive-thinking feedback loop "just wait and see what Bitcoin's halving will do" a little voice in the back of my head says. "Wait and see". It might be the reason for me to leap into the job's market, just s I can buy some cheap sub-$400 BTC.

Always be sure to do your own analysis rather than base what you do on what other people say. I decided to get into bitcoin sometime February because I was convinced that we had seen the bottom, followed by a dead cat bounce. I thought to myself "put in a bit of cash into this, maybe it pays off". It's definitely paid off, with knowledge alone. Now I know that not only it has paid off in personal growth, but with monetary profit as well. For that, I am forever grateful to whoever "Satoshi" is.

Bitcoin quintupled (wow, that's actually a word? typing it, I thought it wouldnt be) in a month (from about $200 in October 28th of 2013 to $1000+ by November 28th of the same year), before this "opposite of win big" bitcoin went through. Would it have been wise to cash out $600 dollar bitcoins November 20th? I would say "yes". If someone holding LTC from sometime between January and May cashes out now, it's a wise idea.

heh, yeah. The name of the game is "turning hindsight into foresight". That's what I've been playing at since 3 years old, anyways.

PS: Aww, bitcoins giving a goodbye hug to 260s. It makes sense, it might be the last time we see the $210-$269 range. $260s, you dont gotta go home, but you can't stay here.

Next stop, $284.

Get ready to bounce off of $270 or $269.
Get your cheap coins while you can.

See? Told ya we'd bounce off of $270. Next stop, $284.

Hmm, guys... I suspect we're never seeing $230 or below ever again. We'll see 60 days from now.

PS: nice to see $260 holding across exchanges. I was hoping we'd see the price hold at $270 today, and go to $280+ tomorrow.

Donald Trump is like any other hypocrite, liar, etc. etc. I just hope that when (not if, when) bitcoin makes me rich, my character wont be deteriorated  

To be honest, I havent heard about him since he said he would accept bitcoin for his campaign donations.

PS: bitcoin's not performing? Are we looking at the same charts? It's gone up 14% in price in a month. Just a few more jolts upwards, above $320, and we'll be on our way up-up-up. Also, we may have broken above the log downtrend line, but we havent broken away from it. For that, we need to go past $280.

Well, I just accidentally bought 0.8 LTC now... What do I do!?

When do you think the transactions are going to clear up?

I haven't had much experience, so I ask: is it common for services to let you determine the transaction fee when withdrawing? Because I've only seen that option in one of the... three bitcoin-related services I've used.

Looks like a $0.05 fee should be enough to get a transaction through in a pair of blocks. According to Blockchain.info, we're at about half as many unconfirmed transactions as today, and yesterday, somebody recommended a 10 cent fee.

I've been waiting for my accidental LTC purchase to go through since yesterday. Patience. Worst case scenario, it goes through 2 days from now.

Just give BTC 10 more months. $500, here we come!

I don't think crypto is even close to taking center stage. Not enough people know of bitcoin, not enough people understand bitcoin, and we won't see widespread adoption until we've solved a few issues. How many users does the entirety of cryptocurrency have? Do we even go into the million? I think bitcoin is going to be widely recognized by 2020, widely used and understood by 2030.

Bitcoin is not cash. It's so much more...

NO! I still need to buy bitcoins! Give me until friday!

Time for $300 and beyond!
Go, bitcoin ^$$ GO!! <sup>$$


 I was going to repost my mario gif, but the carpet was the wrong color</sup>

Holy shit, that first one translates to $6,709,344! No, we won't see 6 million dollar bitcoins until 2030 or 2040.

I'm waiting for $320 to start aiming for $400.

$300 across all ^important exchanges! Yeah!



Sorry, BTC-e

No, logarithmic!

Dumb math jokes aside, after this weekend pump (will we see $320 before monday?) I think we're going to cool down during the week, unless something big happens.

We're in for $500 within one or two months. Three months, tops.

I'm glad to see that we're holding above $300. We even saw $310+! I'm excited for what the next year has to offer. We're headed back to $500 before the pre-halving pump, then god knows what will happen... I'm fairly certain the price will increase [insert number between two and four here]-fold.

I was expecting to see a battle to stay above $300! But we've stayed above all day today, mostly above $305. We even set an ATH for 2015 ^{so far}! Great day to be in bitcoin, great time to get into bitcoin.

Yes, we're seeing bitcoin making a comeback. After a year and a half of not doing so well, it's showing signs of rising. Back to you, Ben.

I'm very satisfied with the leaps and bounds bitcoin has done in the last 3 months. April 12th, we saw the price dip below $220. In three months, we won't see it dip below $380.

Looks like $286-$295 is going to be where the price is at for a while. Let's see how long it is before we spend time above $300 again.

This is the dip! Get ready for $300+ real soon.
 

Damn it, I want to believe! But I'm just not feeling it at the moment. Maybe next week. We'll see. I need $340, so if the universe wants to deliver that this weekend... that would be cool.

Damn it, I want green dildos or the hellfire the beartrolls keep telling us about! So far, it's only been small fart-fire. I am very disappointed, and slightly amused at the bears.

It's a good thing we got a halving coming up next year. By November 2016, god knows what price bitcoins are going to at. Me, I think it's going to be about $1300.

Wow, I just noticed the BTC-e dump. Wow, I'm really surprised that it didnt have a larger effect on the price (I have o idea how many Bitcoin were dumped). I really wish I could have gotten some BTC (or fraction of) for $150. Really, I'm optimistic. I hope we're not in for another week of boredom.

Wow, and BTC-e is already back up at $270. Someone might have tried to start a crash (can that been done with 5000 coins?), but we're soldering through!

I'm sticking to my flawless bitcoin strategy. 1) Buy bitcoin 2) wait 600 days 3)?? 4)Profit!
Works every time. Or would have worked every time since August 2011. I'm just trying it now, (well, since Feb. this year) so we'll see.

I think the halving is far enough away to not really affect the price, but close enough to to be taken into consideration. I agree with Inca, no smart investor will let go of their Bitcoin until ether after the 2016 halving. Unless, one chooses to cash in part of their BTC at certain price goals.

Banks laugh a bitcoin because first they ignore you, then they mock you, then they fight you... then you win. Bitcoin will win, it's already winning. It's slowly making it's way into the public consciousness, and slowly, people are hearing about it, and understanding it. There are no big news stories about bitcoin because its not a hot new thing. And that's good, because it's going to become as mundane and commonplace as bills... and when was the last time you hear big news about paper currency? Someday, we wont be waiting for news, because we wont need news. Bitcoin is an expanding market, and like the lightbulb, it will still be spreading through earth long after its creator's death. It will be a light in the darkness.

You can't ban bitcoin. You cannot restrict bitcoin to any geological location. That is what makes it so much better than all currencies, and soon the sleeping giant will rise again. Above and beyond the previous, tiny ATH.

PS: what's up with BTC-e always being behind the other exchanges on the way up? We're already averaging above $280, and BTC-e is lagging behind at $276... Well, I'm excited for tomorrow.

What happens when people die and nobody can un-encrypt their wallets? Sad day for whoever's next of kin. That's not a problem with bitcoin, that is the problem of one idiot user not taking his own mortality into account when handling his money. A nationwide wildfire could theoretically destroy an entire nation's fiat, you know how common nation-wide EMP blasts are? As common as nation-wide fires. And last time I checked EMPs DO NO DAMAGE TO PAPER WALLETS. How dare you call yourself a miner when displaying such blatant ignorance!? Back up your shit, and it's good against the destruction of the backed-up material. If you have bitcoin and two neurons to rub together, you have several backups in several forms and storage means.

Yeah, at the time, 32K seems excessive. I think we'll be at 10K by 2020, tops.

Sure, any other and more widely accepted crypto has a chance at being as (or more) popular and widely used than bitcoin. And we can sit here and type for days about the millions of hypothetical scenarios where bitcoin ends below the competition (be it fiat or altcoins). One bitcoin is 1 billion satoshi. There will be 21 million billion satoshi by the time all bitcoin are mined. Even if 90% of that is lost, we will have 2.1 million billion satoshi... are those not enough to circulate? There are $5 trillion in printed cash in the world. There is (the equivalent) of 500 trillion pennies in cash in the world at the moment (according to this: http://gizmodo.com/5995301/how-much-money-is-there-on-earth). Are 2,000 trillion satoshi _{(10% of total bitcoin that there will ever be)} not enough to be used as cash!? "Eventually, it will not be enough!" what a dishonest argument. We won't have to worry about that. Our children won't have to worry about that. Our children's children might ponder that someday there might not be enough satoshi to use bitcoin as fiat... I doubt that the hypothetical scenario of having to re-start block rewards will happen this century.

No form of value exchange is intrinsically backed by anything. Gold? Just pretty looking metal, arbitrarily chosen to be valuable. Fiat? Backed by politic stability, look at what happened to the Euro over the Greek drama. Crypto? Arbitrarily chose bits and bytes to represent value. So long as it's good to exchange for goods and services, I dont care what arbitrary, human-created token we use.

First, digital coin replace money. Later, robot replace man! Stop bitcoin before is too late!
                                                                              ^{Am I FUDing right?}

I see us going back to to above $300 within a week. Give or take a few days. We need to hold over it for a few weeks to say bye to the $200s once and for all. Aztecminer saw this coming and sold his account to a FUD troll. Here's to seeing ya, kid.
Last call, last call! All aboard the moon train!

What's the next goal, guys? $340? I feel $340 between now and mid August is a realistic goal. We might (might? what the fuck is wrong with me!?) will be indefinitely going over $300 soon enough.

Hey! We insomniacs try, but trading 24/7 is really, really hard!

The bears arent nervous, theyre gone. The bear market is over.

Broke as in really broke, or rich-broke, where you're still a millionaire in total net value?

$300 dollar bitcoins, incoming, yawn. Wake me up when we're over $330.

We're going to a huge teacup. We'll look back and say "of course!". We'll see the pre-halving pump/dump form the teacup pattern with the (then, previous) ATH, then launching up above and beyond. I am not concerned about the next year of bitcoin at all. I am completely relaxed and content with where we're going.

Man, I'd be delighted to get some cheap(er) coins at $250! But alas, the price stays consistently above $280.
PS: the FUD trolls are getting less ambitious by the day! That is, if they show up at all. Whatever happened to that guy that said there would be double-digit bitcoin on the way!? Oh, well.

I'm gonna miss you when you disappear, like tarmi did. The bear market is over. You can say anything you want, but your lowly words won't move the market against the cyclical tide it's been going at. We have not seen anything below $200 for the last 6 months except for freak occurrences. Give me your FUD troll prediction for July 2016, I want to be able to assure a good laugh on our way up, leading to the next halving.

Oh! You're they guy that posted that about 3 times! Hey! So it's been five months? Wow, it feels so long ago. Now I know so much more, I've gained so much from just dicking around here. I am convinced that I will be a millionaire (or hundred-thousandaire) thanks to you guys. Pizza party at my place in 2040!

We might be revisiting $270s, I'm really anxious to buy $275 bitcoin. With the upcoming halving, you never know when it's the last time we'll see these prices. 220s to 240s already made their farewell tours, I think. We'll see.

Almost back to over $280 in most (important) exchanges ^{sorry, BTC-e}. Not a surprise, but damn it, I was really hoping to buy bitcoins at $275! Next time... if there is a next time.

How many people would like to instantly send money from the any country to Mexico? The answer is Lots, at least 280 million dollar's worth a year. Imagine sending $100,00 to anywhere in the world, and only needing to place a $0.40 fee. Gee, looks a lot more convenient than your FUD-troll ass makes it out to be.

Obviously, you sell all your bitcoin and thank the brave soul that dared to defy the bitcoiners, and free you from their evil, evile influence.
Or buy more bitcoin. That's what I try to do.

Short term, it would fuck up your finances severely. But long term... nobody knows. I would guess you would do great. But I've been very, very wrong before.

I just really hope I manage to get some BTC below $300. So, guys, prepare to go past $320. God knows whenever I want cheap coins, the price goes up  

Yeah, guys. Come on, wait for me! I just need a few more weeks to get this exchange thing verified and completely figured out.

I really dont think that there is an excuse not to scale up. Hell, it should be an automated process by now. The community will grow and we're going to need the larger blocks. I dont see how making the block, say... 8MB would cause any trouble. At all. Personally, I dont think this most recent crash back to $220s is merely because of the blocksize debate, but it's not helping. Bitcoins are good for me at $1000 or $100, it's just too useful to not use. Much more useful than some other methods of transferring money. If we let Bitcoin stall behind, we have hundreds of other cryptocurrencies lining up to be the face of cryptocurrencies.

Bitcoin will live on, ether in scaled-up core or XT. Meanwhile, there will be more "bitcoin is dead" headlines to add to that one webpage.

As of right now, I have a few loans going on at bitbond.com (getting better interests than I would at a bank) and I have made a few purchases using purse.io (making a few savings, compared to the local stores, which have ridiculous profit margins), and occasionally helping my friends buy stuff online. Using bitcoin is too easy and convenient (compared to the old and obsolete systems we use here) for me to give up. Regardless of price, I'm almost always looking for more bitcoin.

Personally, I'm hoping the bargain price remains until about next month, September 26th. Until then, I'm very happy to see low prices. I'm saving money to place an order, soon. I'll be adding another 0.4 BTC to my wallet, maybe. Yes, I am that poor  but I'm doing fine, putting a little into bitcoin at a time.

I've said it before and I'll say it again. There is no excuse to allow the block size to be arbitrarily set whenever the devs feel like. I think it should be an automated process, Satoshi might have been justified in not setting a block size increase like he did with the supply decrease, but we have enough data now. We have enough data to make a reliable model based on empirical data, in order to periodically increase the block size. I think it would have been reasonable to increase the block size to 8mb. Maybe they should have just set it at 4mb and be done with it ^{until the next time we need a block size increase.}

I mean, we had 30+ mb block size limit, and we had not big issues then, right?

Cant think of a better way to represent bitcoin, a weeping angel. The Doctor Who fans in this thread know exactly what happens when you blink and a weeping angel is out to get you. You simply cannot declare bitcoin dead, you cannot take your eyes away from it, you cant blink.

Bitcoin has the phone box. It's a creature from another world. It's static only when you see it... the lonely assassin, they used to call it...
Dont turn around, dont look away and dont blink.

@Cconvert2G36, just another "bitcoin is dead" going on since a few years ago. What's with the tiny "theyre gonna get us!" message? Bitcoin will never die, I think cryptocurrencies are as good as currency. They're already doing better than some. And to update, yeah, I did repay the $2 loan with interest. I plan on making a few other ones.

I would rather see 10 MB blocks, to be honest. And a reliable, automatic block size increase that is based on facts and maths and stuff.
And to whoever is posting with the noob accounts, bitcoin has died over 70 times*! And all it ever does is come back harder, better, faster, stronger.



*(http://bitcoinobituaries.com/)

I'm thinking to buy, I'm just waiting up on some money... and even lower bargain prices. Man, people are gonna regret selling 8 months from now.

Bitcoin is perpetually resurrecting, so I see no problem.
http://bitcoinobituaries.com/

Exactly! Bitcoin was made to overthrow the old systems, where money was arbitrarily printed at the government's discretion! Now we're facing a similar issue with the block size. That is the among what is holding bitcoin behind, no scheduled block size increase. We have the math, we can figure out an automatic block size limit increase! Man, this debate should have been solved long ago.

So, how long do you guys think we'll last below $250? Do you think we can hold on to somewhere between $240 and $260 until sometime October? This range does definitely seem great for buying and HOLDING purposes.

Hey, do you know where these are going to be uploaded later on? I'd like to see all of it later, maybe share it with my friends.

As much as I hate to agree with the professor... but Wikipedia (https://en.wikipedia.org/wiki/History_of_economic_thought) says that the history of economic sciences stretches back to 500 BC. So at least there were at least proto-economists as far back as before the time of Jebus.

Hey, anything interesting happening or coming up? Man, I'm starting to get real frustrated t the fact we're remaining mostly between $224-$231. Where is the bitcoin we all know and love to hate to love!?

Liftoff in T: - 48 hours? That's what I'm counting on, anyways. I'm going to sleep. And when I wake up, the price better have stayed at about $240!

This looks great! Halving year coming up in less than 3 months. I am very, very excited.

Heh, I sold some of mine at $399, now I'm just waiting for that dip to buy back. I hope I haven't made the wrong choice. Remember when $350 was an ambitious goal? Man, two months ago seems so far back now.

I'm confident that I'll be able to buy back in somewhere in $380s. I don't really stress out about the market, even though it may seem that way to the people that see me check the price every 20 minutes. Right now, I'm just playing with some spare money, and even though it hurts when I lose money... I'm glad to have been part of it. The experience is what really matters to me ^{(and the money, that matters about as much)}

I always forget about it because it's boring. Sideways really sucks, not as exciting as the other two.

Typical double top. Get ready for $2 bitcoins again! Lol. I bet we'll see $1000 again before 2016. No, not 2016, I meant before 2017.

She's going to have to find one of the earlier versions, I guess. Guys, I'm scared. I'm staring to doubt that I'll have an opportunity to buy cheap coins before the pre-halving boom.

I can change it for you... for a price 

From what I can tell from the bitcoinwisdom charts, we've risen a bit faster. We haven't seen pullbacks (followed by a swift bounce?) of the same magnitude yet. If I were to guess, we're going to see $370 (or maybe a bit lower, depending where we go from here) again in... maybe a week or two.

Wow! Whenever I think we're going to face some significant resistance, china just blows it up. I can't get any new bitcoin, as I'm accumulating fiat for when we're done with... whatever this is (I hope I have the opportunity to buy below $400 by January). I just finished setting up my beartraps for today, let's see how many of them click. Good luck, everyone.

It's bounced a four times already! Stupid cat. I want it out of the way, there isnt enough space in this market for more than one animal. On other news, I just bought some bitcoins at $520! and I think it's worth it. Man, I wish there was a central-american exchange so that I didnt have to buy at such a higher price. Considering I'm currently in a place where roads are a bit of a luxury, I think I'm doing pretty well.

Localbitcoin. I just sent this guy a moneygram order, and I'll be getting my bitcoins soon. There is a local seller here offering $600 bitcoin (his offers are always 40% above market prices), but I dont think anybody buys from the guy. I've managed to find a few local ones at under a %25 premium at times.

Bringing the future into poor places is a pretty lucrative business.

Hey, don't worry about me. Bitcoin could be $10 tomorrow, and I wouldnt care. Bitcoin is so much more useful than the money I paid to get it. I am happy to pay a premium for it meanwhile I get an account where I can buy without much hassle.

From what I can tell of the bitcoinwisdom charts, there were a few significant drops in prices. For example, there was one drop from $340 to $260 between November 8th ad 9th; similarly, the 17th closed at $669 but the 18th say a low of $378. I'm counting on a re-visit to $380 within the next week. We're just warming up for the bubble preceding the halving.

[CITATION NEEDED]

Also, I dont care if people buy drugs with bitcoin. Lots of governments have needlessly made a multibillion dollar industry illegal, it's only a testament to how useful bitcoin is that the drug salespeople have gone to it as their currency of choice. Bitcoin is a powerful monetary tool (and a currency itself), and just like any monetary tool (bank accounts, checks, bank transfers, remittances, cash), criminals are going to use it. I don't care that a "dirty" part of society was the first to adopt that technology.

Bitcoin sure is something else, and the next 10 years will be a testament to its success.

Lol, Buttertroll thinks selling forum accounts is against the law. Man, sometimes I feel sad ignoring newbies, but some of that nonsense is just not worth spending even three second skiing through.
First bear trap triggered, two more to go! I'm a bit worried that we might not see a rebound from this, but at least it was a good demonstration of how far we can go in this ending (ended?) bear/flat market.

Remember, guys 1 bitcoin will always be equal to one bitcoin, and I'm glad that this very powerful tool is seeing some action price-wise.

I'm starting to like these insta-profit flash "crashes". One moment, your buy order at $415 is getting filled, the next, your bitcoin are worth $430!

No, but there's one bitcoin-themed one called "the bear's profits". Yeah, I know it's a stupid name, but I just love this GIF and wanted an excuse to use it.

I dont even have ONE bitcoin. I've been trading with under $200 this whole time, with a little bit of profit from it. Though, now that you mention it... Anybody got BTC9.5 to spare?  As for 500BTC being enough to manipulate the market, I know of a certain mexican exchange that has about 40BTC of daily volume, so I think that if used wisely, you can definitely move the market in some very specific conditions.

Like I've said before, even if this rally fails, I will be very happy with how bitcoin performed these last couple of weeks. Aaaand looks like $400 didnt hold up.

PS: bring back noobie jail ^{whatever that is.}

$380 looks like a pretty solid floor, now if china could pull the USD exchanges into one more attempt at $500+... that would be great.

... holy shit! I didn't see that orderbook. Wow, goes to show how fast the orderbook can change.

Error $404, bear not found.

I would argue that each sale has had a lesser and lesser effect on the market. I wonder how we'll do after the 5th. I'm excited.  

You know what's really eerie? Bitstamp tradeview showed me $200 right after I read that comment. That thing goes crazy whenever there are a lot of transactions going on.

Dear china, I've been a good boy this year. I know Christmas is far away, but you've been giving out a bit nowadays, so I thought I'd ask. You see, I want to sell some ^{fraction of} bitcoin. I already set the sell order. I would just love to be able to sell them at about $515. Then... wreck havoc, or whatever. Later, I'll see how many I can get around the 400s and 300s. I'm also setting up for a few bargain prices that pop up from time to time. Thank you for your time, China, I really appreciate it.

P.S. Also, good night everyone! May the long be with you.

Urm, did you even manage to go to sleep?

A bit of a rebound off of $254 on Bitstamp, but I don't think it's going to be enough. We'll definitely see $340 in th next 10 hours, me thinks.

Woops! Thanks for catching that one, natewelt. That "definitely" just snuck in there.

Nope, just myself... at $520. But that's a small loss I feel comfortable with.

Man, I really hope that is the case. We've been bouncing around in $360-$370 for a bit now. I think that whatever happens tonight (within the next 10 hours or so, I mean) will illustrate clearly where we go from here. Whether or not above $300 is the new norm. I'm all ready for a nice bounce off of whereever, I'm excited for tomorrow.

So you're saying that we'll end up right where we were? Sounds OK to me. Though, going up would be great.

The price has been solidly above $350 for a while, looks like $290 is the new $190. Never to be seen again except for freak occasions.

One month ago, everyone would have lost their shit over $378. Now, everyone's bored. So am I... I feel kind of spoiled now. And it's times like these that the bitcoin market seems notorious for kicking your ass. That is, according to some comments I've seen here. I got all my orders set up for the night, so I'm going to sleep. Wish me luck 

At first I started to freak out, but then I decided "I wanna try to catch that falling knife", and bought. Now, I'm waiting for that sweet, sweet rebound. That is, if it comes at all, but I'm confident it'll come.

So, $350 didn't hold on bitstamp... Woops. Imma hodl on to wherever this goes.

So, turns out there goes the $10 bounce I was looking for. $30 dollars below what I bought in at. Today I learned I'm not that good a trader, who would have known!? $330 is holding at the moment, We've making history here. I'm glad to be part of a more active market.

X-Men!? Ugh. Well, it's something. Good news is, most of my bitcoin are still there (I want to say... 90%). I'l wait and see where we're going from here.

PS:

Huh, it is starting to kind of look like the Eiffel Tower.
Statistically speaking, it's very likely that we will spend a significant amount of what's left of the year below $300. But that's nothing to worry about.   I hope everyone learned something these last two weeks and apply those lessons to the coming pre-halving bubble coming late of next year's first quarter (or late the second quarter).

Personally, I don't think the USD is evil. Just that it's a shitty financial tool, compared to bitcoin. Any fiat is, really. Hence why bitcoin is worth so much more (300+ times, at the moment). One of such advantages is a one-cent transaction fee to send any amount of money anywhere in the world (so long as there is Internet and electricity there)... In less than an hour. So, it's safer to have your life savings in usd, but you should have some percentage of your investment money in bitcoin (and tesla, their 2017 model will do great, I reckon).

First, a disclaimer: I have absolutely no idea what I'm talking about.
OK, so I think there's a person (or several wealthy-like people) that want bitcoin above $330. Because that's what these periodic-seeming large buys look like, maybe somebody wants the post-mini-bubble market to settle at these ranges. Effectively making $320 the new $220 for whatever's left of 2015. If this even merits something, I wonder if it strengthens our stay here or somewhat jeopardizes our stay above $320, as it was pushed up here with these sudden buys.
I'm curious as to what anyone more experienced than I thinks about it.

What if they find my brainwallet!? Shit, I gotta get rid of it somehow!

So, I'm not really all that worried about the hard fork. Seems quite a few people are looking to instill as much panic as possible, and we've just barely dropped to high $300s. It's kind of funny, really.

OK, so I'm not really up to date with the block size thing. So, I'm just sitting on my ass, hodling waiting for this to blow over and the pre-halving FOMO kicks in...

... Shit. Just when I decide to try out margin trading, the BTC decides to take a $20 plunge (guess what I am now). Seeing as how I live in a fucking third world country, I'm going to have to buy bitcoin at a premium to inject into my margin wallet to prevent being margin called. Good thing is, liq price is set at $200... Hope we dont flashcrash under that between now and tomorrow.

I really recent the fact that people selling bitcoin though international means charge such a large margin above price. Whatever. The drawbacks of living in a broke-ass failed state will be over soon.

Anyone know where I can short hashrate difficulty?

Man, and I was hoping to open a margin long at 399.99, oh well. I have a feeling that this was the last dip. Everyone strap in for a pre-halving bubble, beginning within the next 3 months.

Gah! Fucking bitstamp. You just had to bounce off of $382, not $380. Well, at least I managed to move that money to buy at $391. We'll see how that plays out. I think that's the last of this weekend's dump. My guess is that we'll be back on $410 soon enough.

I managed to catch that on bitfinex. So, how long did it take to confirm the transaction with a 2 cent fee?

Yawn. Waiting for the pre-halving bubble got boring. Not that I think it's guaranteed to happen, but I?m confident it will. T minus 4 months.

I don't even have a full bitcoin. I'm just a college kid, sitting on 0.85BTC, trading what he can to increase his holdings. Maybe next halving, I'll be there. Meanwhile, my halving party will be a box of pizza, a few friends and (hopefully) a girlfriend.

They don't fit in the block anymore.

I shorted dogecoin once, the latest time it was worth 110 satoshi each. It was the easiest quickest, (and under that category) least risky 10% gain I've made. Went in with 0.01 BTC, made it out with 0.011, its not much, but it was definitely awesome.

So, Adam's got one last message, it seems:

Dont worry, bitcoin will move on to larger and better development teams. All they're doing is relinquishing their power over the network by sheer incompetence.

Ether isn't really going anywhere. In fact, I still can't find a decent-looking price chart for it! I was going to go short it a poloniex, but after not being able to log in for 5 minutes, I decided not to.

Thinking about buying Ether?



This message was brought to you by the BPS, the Bagholder Prevention Society.

So, I just made 9% shorting ETH. I managed to short the day before yesterday and I got me 2 whole mBTC. It was awesome. First Doge, then ETH... I think I have a talent for calling tops on alts.

We still got about a week left before we move up significantly.

Thanks!  . I really enjoy being around, and goofing online. It's my favorite passtime, after trading bitcoin.

We've been bouncing aroun $380 and $460 since December last year. But we've been playing inside a triangle, I think it'll resolve up not far from now. Why one week? I got one week's worth of fiat to pay interest on my long So ether something cools happens then, or I'll be forced to close it at a small profit.

I find that it's really hard to lose money when investing bitcoin. All you gotta do is be a bit patient and not let yourself get lost to your emotions when trading. Even rough, quick and dirty noob TA does wonders in this market! That, paired with the market's history within context of its struggles and achievements really paint a positive picture.

I'm working under the assumption that Bitcoin is digital gold. And looking at the last 100 years of gold... I'm ecstatic. That chart set to not adjusted for inflation looks a bit like bitcoin's price chart, right?

So you're the stick in the mud that wants to go home come 4am. No, this party's going until sunrise, like it or not!

On the one hand, this could be a testing of the $404-$400 support, and we will ether bounce off or move sideways-up from here... or it could be part of a relentless campaign that will push us back to $390, $380 and the sort. I for one, moved my buy orders up a bit (filled now), and am hodling on for dear life, hoping my long(s)'s interests won't start consuming my bitcoin stash. I just need $415 before the 25th  .

I'm so close to having 0.9BTC, I can taste it! Tastes... mediocre.

Maybe it's because I've been gradually inching at it, but the fact is that I don't really feel satisfied with a fraction of a bitcoin. I know I'm close, but I'm holding off my partying enthusiasm until I have 1.0001 bitcoin.


I'm actually playing with small numbers, no more than 0.1 at a time. I'm a bit reluctant to enter too large a position. I dont want interests cutting into my bitcoin stash. There's also the possibility I might get margin called, so I have most of my trading stash as collateral... so I get a very difficult-to-reach liquidation price. Currently, it's $168. I don't plan on selling or anything until the next bubble. That's the place between $500 and $760, possibly beyond. That's when I'm going to have some real fun.

Meanwhile, I scrape small profits, I wait... I hold out hope for the pre-halving bubble. Be ready, everyone 

Holy shit, that whole thread reads like a public support section for a scam. "Yeah, we totally paid for [insert scam object here]. We didn't pocket the money, it's not our fault [insert unverifiable excuse here]. I have a [prototype/sample] right here with me. What's that? No, sorry. I can't share any proof of it! The sample you have is shit? Stop trolling!" Disgusting.

Fuck, am I glad that nobody's trusting Theymos with anything more substantial than one or two bitcoin forums, eh?

Don't worry, it's one of the many exciting new functions present in the million-dollar forum software that's been in development since January 2014. The one that's going to be out "when it's ready", according to the most recent staff declaration. You can check out the beta!... Which is behind a Bad Gateway error indefinitely.

Bitcoin can handle a scale-up to 2Mb. It's obvious.

The funny thing is that there is a hard drive that can store 9 year's worth of full 2Mb blocks for 9 years. For $85!
The countries with lower average internet speeds than 2 Mb/s (according to the Akamai ratings of 2015) are the likes of Bolivia, Venezuela and Paraguay. We're talking ranks 119, 71 and 112 in the Human Development Index, respectively.

I don't know about you, but I think that the third world is as ready for bitcoin as it was for the internet in the 1980s.
Right now, we shouldn't hold bitcoin back in fear that some people won't have the storage or internet speed to run nodes/mine. But still, it's a phony excuse.

Here's a pretty easy way to increase block size.


There's 5.5% of the nodes that already support that, with the Core dev team backing that change, I'm sure 95% (that being Theymo's threshold for "consensus") can get behind it pretty quickly. I'll let the miners decide...

Edit: Woops, no. I checked. 5.5% of the latest 1000 blocks mined back up that solution. 31.39% of nodes already compatible with that simple and stylish solution. I don't know why the simpler, and less buggy solution isn't getting taken by the Core dev team.

Theymos once said "consensus" is 95%. Or so I hear. I think we're looking forward towards the day he says "well... given as how Classic is 25% of the mined blocks... 'consensus' is now 75%! Activate Segwit unilaterally on the behalf of Bitcoin Core development team!". That way he can't bitch when 75% of the hashing network decides to implement larger block limits despite the Bitcoin Core development team.


I, for one, don't trust the more buggy and complicated solution. The core dev team is free to release Segwit whenever they want. It's up to the community to adopt or not. I don't know what game they're playing... given how they've decided not to take the simple solution that I just showed. The solution that about a third of nodes would already recognize as valid? Yeah. I'm holding out for that one, and as the mined blocks increases to 75%, I will be behind it every step of the way.

It's already hard enough to explain to my friends what a blockchain is. Now I'm going to have to explain Segwit. Great.

Did I read wrongly that Segwit had bugs that needed work on from the dev team? Because that's one con on it's column, while a simple block size increase is a much more speedy (and currently, less buggy) way to provide room for growth in both transactions and volume. Sure, Segwit can be looked at as an elegant way of providing more room, but it looks like building several jetpacks in order to get around building a bridge. Sure, jetpacks are cool and all... but maybe we set a working bridge while the jetpacks are being developed and demonstrated to be safe?

Right now, I oppose Segwit while it hasn't been implemented and shown to work properly. Hey, maybe the jetpack project gets done before the bridge. Cool. I, frankly, oppose it right now, mostly to see what Theymos will do with less than 95% consensus (hopefully, by the time it's rolled out, 75% consensus). Is he going to pull one of those [insert whatever we're calling 75% mining power backed change today]? I don't know. I'm interested to see how the dominant dev team act when they are not as dominant as they were 2 months ago, when bitcoin classic had cero nodes and 0% of hash power behind it. Enough to push back Segwit a bit.

JayJuanGee says that it's (seemingly) the consensus that it's not an emergency. We can afford to do this little test, right?
I show my opinion in the network by running a certain node. I think it'll be part of 51% of nodes and hash power (measured by the latest 1000 blocks) by... July? We'll see 

I'm as curious about theymos' response to those circumstances as I am about your response to this comment. Would you say I have an obsession with your opinion? You're just one person not representative of the bitcoin ecosystem, yet here I am. Talking to you through the internet. As of right now, any unilateral change to bitcoin on behalf of the Bitcoin Core development team has no consensus, according to the 95% guideline he provided. I'm telling you I'm curious about his response to a growing Classic blocks and nodes not being of the Core variety, specifically, when time comes for changes on behalf of the Bitcon Core dev team.

I don't remember the source, but I remember reading from the dev team that there were bugs being removed from Segwit, recently. Must be part of the reason why its not out yet. I don't know who's been using it since when. It's not on the bitcoin network, it hasn't run the real world testing. My opinion is a bit of "Yeah, I'm gonna step away from this" until I see how well/poorly it performs.

Here's how that sequence goes: Implementation without 95% consensus, I observe how some proponents of it justify the change with a consensus below that benchmark (theymos being one of them [the most known one]), I observe how it goes and form a revised opinion based on how it's doing. Seems like a reasonable course of action that you're making a big fuss about. Well, to me, anyways.

Hmm, well... funny thing about reddit, people share links there too. One comment led me directly into Theymos' response about the 95% BIP9 standard being possibly lowered. Made me wonder. "what standard is he using? Seems it's only because it comes from Bitcoin Core development team. I wonder what he'd say if it goes through with less than 75.001% hash power. How will the community respond? What would those who back that decision say then?". I abbreviated that whole thought into just mentioning the person that brought up that possibility.

Sorry, I thought it was something I cleared up when I said "I observe how some proponents of it justify the change with a consensus below that benchmark (theymos being one of them [the most known one])". But seems like you needed me to give you the step-by-step playthrough.


Really? I would love to see when and where those Core devs expressed the views you said they expressed in that bolded section there.
I wonder why Segwit gets a consideration of lowering the threshold by 15%... Oh, well ¯\_(ツ)_/¯ it's a mystery for the ages.

So, I made it out of this rally with the same USD amount my stash was worth when this started... but I kept 45% of my btc stash. That was great.

Urm... I did keep my BTC. That thread was a parody on this one (Bitcoin will never reach $20 again). Come on.

No way to tell, really. I've got a small margin short (base price $760) that I have small sell orders for, going all the way up to $900. I think we're over-bought, we can test the ATH, but not punch through it (for long?). Ether way, the top of this rally is soon approaching. The next test of support might go into even the low $600s, in the coming two months. Good luck, everyone.

Well, any single-topic forum will get kind of same-y after half a decade of people discussing that one thing. That's why I only come here from time to time. Man, I think last time I was here was when I was talking about my pre-halving plan. That worked out OK, until I lost 40%-50% of my profit in the bitfinex hack. Everyone in reddit is like that ghost in Dead Space 2.



It's really insane to look back and think this crazy journey started a year and a half ago...
So, I'm confident saying that the market will soon recover from the Bitfinex hack. Getting back above $600 decisively might take one or two months that might feel like an eternity, but after that... It's back to recovering onto (and past) the ATH set in the 2013 MtGox bubble. Oh, boy. I'll be sure to be here to celebrate with you guys & gals.

I devoured everything, but I'm still hungry. I like bringing up that quote from time to time.


Heh heh. Thanks. "You win some, you lose some", in this case... both! I find it kind of funny. Like when you've just had a meal an you feel a lingering feeling of hunger for just one moment. Then you smile. Yeah, I was a bit angry that what I lost was replaced with an IOU that might be worthless soon. I'll just hodl on for dear life and hope for the best. My totes-legit-math-numberizer machine says this is a temporary setback. So I'm just going to sit back, relax... and see what happens.

Hehehe, yeah. Still, taking a loss in never feels good. Even if I'm still green from the last time I put money into bitcoin trading. But still, I think I've taken proper advantage of this opportunity. I think we're oversold at the moment.

People have been trolling here since the price was $230. The people saying bitcoin is useless or claiming that there's doom lurking around every corner for bitcoin are just people that have whatever broken life that leads to dedicated trolling.
I bought my first bitcoin ^fraction at $280 in 2015 and I though it was expensive. Now I know better than to distrust  bitcoin's inherent deflationary nature (and how well it retains value compared to the USD due to that attribute). So, with this simple rule of thumb, I avoid being a bagholder. "No buying bitcoin for 16 months after bitcoin increases value above 80 times in the span of one calendar year. No buying for 3 months after the price doubles in the span of two months".
Plus, there's the undeniable fact that if started January 1st 2013, setting a time (monthly or yearly) to buy a set amount of bitcoin (an amount you're comfortable losing), it would have resulted in profit. Running the numbers, I get an 900%, 16%, 46% and 10% increase on initial investment if a yearly purchase strategy was deployed (every Jan 1st staring 2013, 2014, 2016 & 2016 respectively). That is, using the current price of $560 to value those bitcoin.

Trolls are as obsessed with the ATH as the bulls, and they say that since we're under it, bitcoin must be a failure. But I just checked, and the price was over $900 a total of 13 days (not in a row). So I'm sitting here thinking that if the price remains above $900 for 13 days in a row, we can consider the market completely recovered from MtGox and any other temporary setback its seen.

BUT, I am considering buying bitcoin this weekend, so be ready to have bitcoin go to $530 a few minutes after I buy.

obviously the market has recovered from the bitstamp hack that happened a year and a half ago. The market looks good enough for me to say that it's probably recovered from the bitfinex hack (even though bitfinex itself has not recovered). It's only a matter of time to secure a full recovery from the MtGox fraud and/or hack.

Edit: I think we'll see a bit of a repeat of 2015. $750+ will be a pain in the ass resistance... Until it's not anymore.

And I need it to stay that way for just one more week.

2016 in one GIF:

So, we're right at the door of a rally. Bitcoin is stable, people are regaining confidence in purchasing the thing as an investment and I'm as ready as I can get with my minuscule trading budget. So, to commemorate this day, I made a chart. I haven't had any formal teaching of forex/exchange/commodity market markets and finance, but I think it paints a good picture. An accurate picture. I have seen people trying to draw trend lines from the bottom up. I thought to myself "what if I draw from the top down? This is basically what I came up with. I hope it's at least somewhat entertaining/informative.

I'm using bitfinex, because that's what I'm using nowadays. I wanted the "wishful thinking" part to have the two peaks closer, time-wise... but I had already written "Enter the bull" and was too lazy to move it. Good luck, everyone. It's been a wild (almost) two years, I look forward to spending another two years here.

Gah, you guys talk too much. There's just no keeping up. I'm a firm believer in the motto "buy when there's blood in the streets, sell at the sound of trumpets" problem with bitcoin is that if you time the sound of trumpets wrong, you ether miss out or you get wrecked with a losing short. We're doing great, market cap is the highest it's ever been, soon to be followed by the price. I think the market cap indicates that the market has finally recovered from MtGox, three years ago. And I'm amazed at how quickly our little asset that could has bounced off of a bubble where the price increased 100 times initial value in a year and a few months. Bitcoin has seen price increase every single year except 2014. The closing price of bitcoin in 2011 saw it at a 1,100% increase over its opening price that year. 2012 saw a 116% increase, 2013 saw an incredible and bubble-tastic 6,053% yearly price increase. 2014 saw a 60% drop in price, 2015 saw a 49% increase in price and 2016 is shaping up to hold a 100+% increase.

I got in 2015, when the nay-saying was at its maximum. I wanted to check bitcoin instead of relying on internet sources. I was hopeful. My first post here was that of hope. February 18th, 2015... I said we'd reach $900 by 2017. And, well... what else is there to say? Be careful, dont over-leverage, and don't get cocky. Best of luck, everyone.

I think that exchanges adding diversity to their options is a double-edged sword. On one hand, it can give legitimacy to bitcoin as part of an investment group, a digital currency type and the like. On the other, Altcoins that are not as solid as bitcoin could drag down bitcoin's reputation in case of something going wrong. I think dogecoin did that to some extent, what went wrong is that it is completely useless. That digital currency was a joke that got some people in the door, but turned others away from the ecosystem... Like if you wanted to open an account in a bank and found a birthday party for a 6-year-old, clowns and all.

All in all, it's a mixed bag. And I think it signals progress, but not without risk. I think bitcoin is still in its infancy, which is why people mock bitcoin.

I've been hanging around reddit too much, all I can read from that image is "On the But on one hand, the other I need to lose hand Weight Donut."

Jesus, I haven't been here in ages. I changed my harddrive and next thing I know, I lost access to my hotmail account (good riddance, honestly), my FanFiction.net account  ( ) and this account. But I'M BACK. And I'm happy to see familiar faces. Now that I'm taking a look at my account, I wanna humble-brag about this one comment I made (https://bitcointalk.org/index.php?topic=178336.msg10495527#msg10495527). "From the mouth of babes comes truth", I believe the saying goes? God, I wish I would have sincerely believed my own words. But there's no point in crying over lost opportunity. One must use it as a learning experience, to not miss out on future ones.

Could it be that a more unstable, newer market could give off an illusion of a "faster" market? I'm no econologist, but if I had the know-how, I'd probably try to look at tech startups and try to see if I could find something similar. See if bitcoin is truly a faster market rather than a noisier market, you know? Interesting topic... that I'm just completely unqualified to contribute to, heheheh.

Oh! I remember this! You mean like this?


That sure looks silly now that we're at $8500, huh?

brb, deleting all my posts.

I don't think it would be that bad, to be honest, but what do I know?  ¯\_(ツ)_/¯

If you rent out a bot that you don't have full control over, you face the same risks that you do sending your bitcoin over to an exchange. Same as entering a margin position, same as providing funding in an exchange.

It's up to each of us to assess the risk. That's what the free market is about, isn't it?

Remember: Reduce, reuse, recycle.

Here's a video I made when we first breached $9000 https://www.youtube.com/watch?v=D-ZRcMy765E

There's a difference between Being a FUDster and recognizing a downtrend. This year's gonna be bearish or flat. I doubt we'll see prices over $18K this year. I doubt we see prices below $5k this year, or ever again to be honest.

JJG, you make a great point. However, I'm not here to say that the sky is falling down. I really believe in bitcoin, but it looks like we're in one of those times when the price is not likely to rally to ridiculous and delicious new heights. And there will a time we bitcoiners will dance victorious. It's just my opinion that 2018 is just not it.

Tell you what. Let's make a game out of this prediction of mine, what do you propose?

You pass the butter

Hmm, I must not be seeing what you're seeing, JJG.

Something important that you said is that one can refer to previous periods as general frames of how the market will behave in the immediate future, and I think a lot of people misunderstand that. I'm glad to see you explaining that in such a great way. The price discovery near $13,000 is not sufficiently done, and I think that it will take more than a year to reach back over the heights of last year.

I can't think of anything fun ether. I was hoping to come up with some fun "I told you so", but... yeah. I guess we just wait and see.

I've commented on page 20001 of Wall Observer. My life is complete.

I couldhave sworn that happened in 2016... I must be remembering wrong.

Yup, that's my preferred method of collecting tears and Bitcoin. Lovely way to do it.

I'm looking for those $7800 bitcoin 

Heheheh. Let me show you my source: