I've been wondering, too.

Attempts to trigger stops? Attempts to stop downward trend?

I don't know. comments?

not gonna happen. look at that mini-bull! see his strong trendline! the train stopped briefly but is quickly departing again.. toot

Tomorrow. And it is unlikely to be Rally Monday. Be prepared for the Black Monday.

Quoted for tomorrow.

I am ready either way. Bring it on.

far too much demand, at this point... deflation is kicking in.

Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable.

And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin?

I don't think it will drop much further right now. I think people are beginning to learn their lesson...

Also read the professionals (rpietella,) comments here carefully;

Not affecting it immediately and clearly perhaps but you can be sure it does affect it.

As dull as it is, we need a period of nothing, calm, stability, no panics.

If we manage that for a week or so we can skip the whole slow demise we saw in 2011.

If we stay at the current price for a week don't we break the trendlines ?

The further the price drops from the blue trendline, the more that trader sentiment is drawn to the trendline of 2012 as the underlying trend. I will be looking for signs of that divergence widening in future versions of this well designed infographic chart.

http://gigaom.com/2013/05/14/google-ventures-invests-in-opencoin-the-firm-behind-bitcoin-exchange-ripple/

Is this a good news or bad news to Bitcoin?
Google Ventures has decided to invest in Ripple.
It is a good news because Ripple facilitates conversion between bitcoins and traditional currencies, which should aid mass adoption of Bitcoins.
Bad news because many people believe Ripple is Bitcoin 2.0 and threatens the existence of Bitcoin.

comes courtesy of Google Ventures (who we hear put in less than $200,000)

Bitcoin rule #73:
A bad news never comes alone.


I wonder what else we'll learn shortly.

As of close, yesterday:



Drop the blue trendline down a bit and we are still on it.

Subconsciously or otherwise, that line is in people's heads and is affecting their long-term plans.

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.

I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of.

BMOT just created. VC's throwing in money. We have seen the rise of speculative interest go all the way to $266, wait 'till you see demand. Christmas 2013? 7 months? In Bitcoin time? Please.

Can you tell me where this "Bitcoin time" was when the price topped out June 2011 for nearly 2 years and lost ~94% of its value within 5 months?

Speaking of the devil: my XRPs' BTC value has appreciated more than 20% in last two days.
Don't shoot me...

EDIT: before you call me names, I hold both BTC and XRP. And I ain't selling any.

Bears/manipulators/etc: Congratulations guys, you're getting your cheap coins.

Shame (for you) that now, none of us want to buy back in any more.

Enjoy those cheap coins!

Not really -- any hopes of recovery up until 2 weeks ago were pretty much ruined by manipulators aiming for "cheaper coins". It removed all steam from the market, and has cheapened the value of bitcoin. Now we're seeing the result -- the cash-out.

They wanted cheaper coins, they got them. It's time now for people to fully reconcile the phrase "cheap coins" with reality.

Yes, sure. Wouldn't that be SIMPLY WONDERFUL?

Cheap coins!!!

When it finally reaches the bottom, surely everyone will FLOOD IN to buy them.

"SHUT UP AND TAKE MY MONEY", all the noobs will shout as they are desperate to buy into BTC. Banks will be awash with wires to Mt Gox.

VCs will be falling over themselves to get a piece of the action.

I mean, why wouldn't they?

I am 100% back in fiat awaiting further collapse of the bubble.

I bought back in at $131 after $125 was finally surpassed on the upside. I sold some back at $112 and then the rest at $99 in the past hour. My volume was large enough for slippage so I sliced it and waited for bids.

At the end of the day there are those of us who are invested in Bitcoin -- not only in terms of money, but also time and effort. Then there are people along for the free ride. But the sort with no hope are people like coinseeker, who really just seem to be here to troll. He must value his time the least of any of us.

And we touched $89.00 - more lows to come

You read 100% correct. There is no Bitcoin economy. (except for silkroad of course) I hope you are not another of hippies preaching that.

The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public. I'm repeating myself but I enjoy seeing idealists try to desperately justify their opinion.

Lucas, I dont read this thread much but when I do I come in here and read something and its always you making some statement when you have absolutely 0 to back it up. Have you even heard of bitpay? Do you know how much they are processing alone? All the way back in march (before the peak of the bubble even) they were adding thousands of new merchants a month and processing over 5 million in orders... per month. http://blog.bitpay.com/2013/04/bitpay-eclipses-silk-road-in-bitcoin.html This is only one payment processor (theres no way to actually gauge the total, but you can be sure its far higher than that when you consider its only one processor among thousands of others.

TLDR. Less typing out of your ass, more reading.

What has Bitpay got anything to do with Avalon sales?  Avalon sales just accept bitcoin payment directly.. there is no need for bitpay to be in the equation at all.

Bit-Pay was Avalons bitcoin processor for batch1: $1200x300= 360k
Walletbit for batch2: $1500x600= 900k

If i recall correctly, batch 3 was 600 units @ 5k each (3M)

Sold some at 98ish, sold some at the bottomish around $90 (as usual).

IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.

I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.

However, $50 coins may bankrupt you if the market never recovers.

That all you got?

Just look at the Top 20 Richest Wallet Listing (if you have archive that list previously).   The list will calm you down.  If these wealthy people aren't worry about the recent price fluatuation, neither should you

See, that's the problem with this guy.
If that's the case he could just say that. Instead he makes it look like yet another very weird event.
So he is either making things up or he is trolling.

- I am located in a closed mental institution run by the City of Helsinki

Oh man, you are so young, all your forum time I have spent in this ward! 

There is also an upper bound I have told, and it is 35 million mBTC. I have said I have never since the beginning of 2012 had access to more than that or less than 2,4 million. So I am a Prince at least, perhaps a Duke but definitely not one of the highest echelon.

Please don't let me need to repeat that every day as I have needed to do recently.

To answer the question, this is a closed unit, so you either take the pills, or they make you take them.

This is not about the Bitcoin reaching 300K this year, or the infrastructure capability etc. It's the simple evaluation of his reasoning to get to the 300K figure in 2013-valued US Dollars (so the 300K might become 310K in 2014 USD with inflation, etc). He's basically postulating that if everyone were to use Bitcoin, it's value would reach 300K.

To not believe in $300k this year is a denial of the facts. Only a technical flaw in the algorithm or a superstealthfast adoption of a superior altcoin currently not existing, or an all-out wiping away of all mankind can keep USD/BTC from exploding this year. Already everyone who has any position in this world knows about Bitcoin. Just post any nugget of actual facts that can contradict my $300k this year or cease replying to me with nothing material, thank you.

Yes, still more in development too -- I've seen 3 or 4 others bubbling up. Quite competitive.

Bear in mind that they all use instant payment methods too -- no wire transfers....

LOL, it's just a matter of time.

Even without the latest fuckup by MtGox it was only a matter of time anyway

Event 2 is not so correct.
 "People realize they bought based upon nothing" What has changed? What would they realize now?  That Gox is not a professionally run exchange?They will just move to other exchanges.
Coins can flow and already flown to bitstamp.
We will still be in a bear market until economic crisis deepens or other good news for the coin pop up.  

Right but price won't collapse as you put it, panic and double digits are common place.

You'll be fine. Just don't panic sell before it goes to Gox. People will try to take the price down so they can buy cheap before it goes up again. It WILL go up because of Gox eventually.

I have a theory:

People keep dumping because the price doesn't go up and the price doesn't go up because people keep dumping.
I think you can apply this to the last month at least.

Isn't it kinda stupid?

I don't sell. Ever.

What I mean is, the market is oversold. There's only a limited amount that can be sold, unless there is extreme pessimistic pressure. Eventually enough of it will go into long term hoarding/investing that the market will have no choice but to rise. Usually this is kind of market is marked by slow gradual falls that is very lethargic.

Let the games begin.

big wall? Now 200BTC is a big wall?

Jeez, what about Wallzilla's 20,000BTC walls, then?

Most Germans have their BTC's in Germany or Europe, not on Gox.

I disagree. The Germans really like security, stability and such. They are on bitcoin.de and perhaps bitstamp...
We could put a poll on the German forum. But don't mention my stereotype statement. 

Bitcoin really is gold 2.0 

When the exodus of coins from MtGox started after the Dwolla situation, many in here said that fiat was following too, but that it would have taken time as it slower to move. Well, absolute maximum fiat on Bitstamp after Dwolla was $1.1m, and now is less than half of it. Fiat is really leaving Bitcoin for good, as expected.

You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long? Look around you, does it seem that world is changing fast or superfast? Bitcoin will die or it will go to the moon and it will not take years (it's possible, but not even close to likely).

USD withdrawal lock on MtGox is causing the 'dysfunctional' behaviour of the market right now, there's not much more to it than that really

If its going down then the winning strategy is to buy more. Thats the difference between the winners and the losers. The losers buy high and sell low, the winners do it exactly the other way around.

His predictions are simply completely ridiculous and based on nothing. He's is spreading fud for whatever reason. Probably trying to get the price lower to buy some more coins. Sad.

Look at all those juicy bids.

In your opinion how far down are we goin.

We've had 4 years of buying oppertunities. Let's get over it and make money by Bitcoin going up instead of going down.

yup.

You can't all end up with more coins, for any person that ends up with more coins there is someone else who ends up with less. You may be on the lucky side, but I prefer not to dance around the chairs hoping I'm able to sit down in time when the music stops. I will just keep sitting firmly on my chair and gather as many chairs as I can while the rest keeps on dancing nervously around me waiting for the music to stop.

stop reading the thread for a few weeks (june 7th till now...) and there's 300 pages of posts... bloody hell guys.

to catch up: what's the word on WHY the price is dipping below 100 lately? anything major happen?

Looks like bears are getting ready to assault $92.2 and kill it for good, next stop $88. IMO bulls already know they lost the battle for $88, but it may bounce a little.

Here's something to think about. $99 coins are expensive, $101 coins are cheap.

http://thegenesisblock.com/bitcoin-market-testing-critical-supports-with-downward-pressure

"Bitcoin Market Testing Signals of Declining Investor Sentiment"

Some people are waking up.

*enters the room wild-eyed, clothes ripped and gasping for air*

Did you not hear my cries for help?! I was stuck in that damn BTC-e trollbox for 4 weeks. 4 whole weeks dammit!

I felt like Stephen Hawking in a classroom full of prepubescent windowlickers, all of them trying to stab each other in the back for a $20 profit.

No amount of money is worth suffering that again, I'll trade LTC once it hits Gox and not a moment sooner.

My sanity, oh my precious sanity.

Oh, I like what you've done with the furniture...

*wanders off*

Bids still very juicy, eventually someone will strike and extract a couple million USD out of that book and into their account balance.

Cash is king.

Unbelievably, there are still a few morons doing 100+ buys right now.

How stupid can you be?

Cant wait to see them get burnt.

Funny people who thought we had enough momentum to break 100.

What happened with http://www.youtube.com/watch?v=NG1qooBzE2w ? 

It's obvious that guy shouldn't be a mod here.

For the bulls who have been criticising me, here's a serious post with fundamental analysis I made over two months ago on the bearish outlook (price was in the 130s at the time): https://bitcointalk.org/index.php?topic=188829.msg1957530#msg1957530

Maybe that will help you guys understand my way of thinking.

I really don't think long time Bitcoin backers should publicly be happy about it, it's an awful thing to read by some noob who's considering going into cryptocurrency.

Kinda lame but I guess that's how it is..

Trolling bearish stuff twice an hour to spread that bearish sentiment even more to rebuy again rather sooner than later is another pair of gloves.

One thing I've learned over the past few years here is that some will continue to discard everything as FUD, even when it's looking them straight in the eyes.

it's an IQ test. Bitcoin is anonymous, untaxed (for now) and quite liquid in and of its own right despite all the complexities of a cryptocurrency. A bitcoin ETF is taxed, has fees, may or may not be liquid at all. So, this is really a test: do you want to facilitate the exit of the Winkelvii from an investment at inflated levels which they will soon be taxed upon or do you want to sit this hand out?

I can feel the dump approaching...
http://i.imgur.com/FEIloiy.png
http://www.blockchained.com/depth_mtgox_15d.png

Bitstamp and CampBX trading higher than MTGox. Oversold?

Something doesn't seem right. Market depth is so heavily in favour of buy with 1k moving us down 1 dollar or up 5 dollars.

I'm holding, as usual  

Cool story bro.

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

Thanks.


So since a week ago, you can now short Bitcoin on their account. 

I doubt it, there's a long way down to go still. We broke through the two previous lows 88 and 79 like it was nothing, I just don't believe it's going to stop here. $50 might be the bottom, or $20-30 even. Real panic and despair is going to break out soon. I know I had a different opinion before, but after seeing 79 break like that you can't just expect sentiment to change now. The 2011 self-fulfilling prophecy is here and theres no stopping it. No more denial, the game is on now.

Even a bitcoin crash is not a straight downward movement. We had a retrace from 82 to 89 just a day ago (bitstamp). Didn't keep the price to crashing down again afterwards, but if you see a chance to catch that upward movement, why not take it?  

Oh I'm still holding coins long term, I never said I was selling did I?

But I am going to buy a lot of new coins soon.

no

we're hitting a key support, post count on this thread is crazy high, all bearish comments ...expect me...   time to buy guys its trend reversal 

Jaro needs to buy in. This is the market low... PLEASE GOD LET IT BE THE LOW!!

Do you really want to be a part of this "smart money"?

Frozenlock/Blitz/Rampion right now (seen from ShroomsKits perspective) :

The whole point of this downtrend is to break support at 50 and have the market be depressed so thousands and thousands and thousands of coins can be bought to pay off on the mega as $100+ is approached again. None of the big players, especially large miners, benefit from a long-term sub-$100 price, so the market will always be pushed back up.

Coins are coming out of the woodwork.

"Extremely limited supply" they said. 

Thanks for the comment. Gives me something to really think about. I notice I follow volume allot with candlesticks, so perhaps you are on to something.

Which types of TA do you find the most accurate?

IAS

Following a rally is easier than taking the knife..And i consider my net profit of $1500 to be a win, you don't win until you sell 

Don't forget to pay capital gains on your fiat profit. By the sound of it (assuming you sold $100+) that's going to be quite a dollar extraction from your wallet to the state.

Do you really want to be a part of this "smart money"?

BTW, how many coins do they have?

Do you really want to be a part of this "smart money"?

100->65->100 flushed out all the "weak hands"

And someone just made 200k...

I wouldn't go that far. I'd say it's something of the future. But for now, it's premature.

why the heck are all big movements happening when I'm heading to bed or already sleeping 

That's a big profit for 180$ sale 

BTC8.83 in the last 25 minutes to be exact.

That explains how "the traditional banking system is unable to keep up with the demands of a growing Bitcoin economy", poor Gox whose load is crashing the Mizuho bank, which has a yearly revenue of +1 billion

BTW, do you know if Bitstamp worked with LR at some point? It seems that Citibank is using that excuse to bounce Gox's wires.

The strong hands are accumulating, the longer we're at this point, the more likely it is we are to rise.

This is similar to what it was like at around 120, before it began rising to a high of 136.

I really don't mind if the majority of my money can't be withdrawn to a bank any time soon, it's there for longterm investment/trading anyway.
But a company that in all likelyhood lies to customers in order to manage perceptions, that doesn't sit right with me..

Indeed. I'm not worried about Gox going belly up. But I am concerned about the perception of prospective depositors. Coming from the online poker realm... the market nosedived when ewallets were cut out, wires became almost non-existent, WU/MG unavailable or with high fees and very low transfer allowances, and companies started taking 8+ weeks to send checks that would bounce on you. Sites couldn't pay out in reasonable time frames with reasonable fees, and new blood became no more. Nothing ever recovers; the US market just perpetually shrinks and the larger networks more exposed to payment processing problems continually lose market share. My experience is that depositors want to go where liquidity is, and are inherently distrustful of companies with small market share. Often the big sites are viewed as the only options.

The other thing that I learned from that experience, and from the last time this happened -- if Gox can't pay out its customers due to payment processing issues, $1 Gox < $1... propping up BTC.

SatoshiDice is being sold, in full, to a new company that will take over all ownership, operations, and management.  The total sale price is 126,315 BTC, or 0.00126315 BTC per share.

According to the MPEX Agreement, MPEX holders are entitled to receive 0.00126315 BTC per share, alongside other private owners. However, for the good of the MPEX holders and for the sake of the general Bitcoin community, which the site always has intended to support and nurture, SatoshiDice has arranged to pay MPEX holders an additional .00223685 BTC per share bringing the total to 0.0035 BTC per share.

Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice.  That's 1% of all current bitcoins for a concept that anybody can copy 

Yes, there will probably be some dip, but not enough to say goodbye to $100 for more than a few days.

look at that.. price goes down 3% OMG OMG OMG sell off..
price goes up 3% nothing.
people like to make a lot of noise when things drop. we'll see triple digits this year 100%.

this is nothing. once mtgox clears up their whole banking issues prices will set over $200+

Bloody troll!

How much have you shorted and @ what price?

looks like eric's 125k satoshi dice coins are hitting the market pretty quick ... last one out's a beggar?

This is the speculation subforum and we are speculating. So much hate for the "bears" is amusing.

Why is it the bears shout loudest *after* a drop, and the bulls shout loudest *after* a rise?

In my mind, the more certain and arrogant a prediction is, the better off you will be by ignoring it.

(Frozenlock is OK; Rampion: variable; Blitz: pastel-coloured FUD machine)

When will people realize that we had very good news for the last weeks, but still the price goes down because price is driven by price action itself?

Twice that idiot said no more triple digits in 2013 and both times we had triple digits a few days later.

And i don't think anything. I have no clue what Bitcoin will do. Neither do you, Blitz or anyone else.

ok.... noob here....
why this difference in rate Bitstamp vs MtGox ??

Blitz, you are a long term bear, aren't you?

First everyone ran for Gox and now all people want to get out again. Always everyone at the same time. No patience, but want to make 1000% profit.

All the money was uploaded from January to mid-April and it will take at least several month to download it again. There is no Dwolla, no OKPAY, no more Liberty Reserve.

It gives them time to get their software and processes in order.

what'd you mean by dollar extraction, was this in regards to bitcoin or the macroeconomy? both?

sell, sell, sell

i have received a rather large box addressed to "Mr.Bitcoin" 

price will rise sharply soon!

Are you... dare I say it.. bullish?

Are there any other bullish news?

ShroomsKit is kind of cute.

Is the withdrawal problem still not resolved at gox?

There was a thread that was suggesting gox has been spending depositors' money and doesn't have funds to pay out all withdrawals.  Is this generally considered to be conspiracy theory type paranoia or is there a reasonable chance gox could be in trouble?

Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.

looks more like 2000 to me.

The tell will actually be depth. As long as there is plenty of dry powder on Gox it can move the market.

I must be the only person on earth right now who contemplates beginning to trade on/sending fiat to mtgox

You again?!?!? Broken record.

Nice to see daily volume over 100,000 again 

Why does being an Aryan supremacist warrant supermax?

You equate bigotry to murder and rape?

Is it not possible for an Aryan supremacist to be a nonviolent noncriminal?

Why wouldn't he?  Unless he's really stupid then those bitcoins are only part of his stash and he's got more in another account that the feds don't know about.

a form of share dealing in which individuals buy and sell shares over the Internet over a period of a single day’s trading, with the intention of profiting from small price fluctuations.

Can we stop quoting BTC/GoxBux please?

so if nothing else, mtGox' incompetence results in volatility? I think they might actually have a good business model there.

It depends, risk of losing money is the highest in first, but risk of missing out a once in a life time opportunity to become a billionaire is highest in second.

Am I the only one screaming in agony over this?

Well that's one way to buy in I guess.

Or they will sell the bitcoins and essentially remove $28.5 million from the bitcoin population and insert into the US government. The only way this could be a good thing is if they destroy all the coins, not gonna happen.

Mt Gox: $232.80
Coinbase: $226.17
Bitcoinaverage.com: $222.62
Bitstamp: $218.93

Coinbase is now closer to Mt Gox pricing than Bitstamp pricing.

Gox under 20k asks.

it is getting instabil now, one 1k sell and it will crash heavy.

This time is different?

are you expecting a massive drop?

there is a good chance that bitcoin will spike to 1K+ 

Don't worry. Plenty of coins for sale at $273. LOL.

I like the uptrend but why today?

Ahh NOOOOOOO!! You SOLD your trading stash didn't you!!!! We are going to be subjected to another 3 months of bearish comments... kill me now  

WOW! Look at those walls all in the 260s now, this guy is really trying to push it down to load up on more coins! HAHA LAME.

At what point do the gox fiat holders freak out at the diminishing bitcoin orderbook and just panic buy to get out? Time to put some gas on this fire.

This means that if we break 300 and NO new BIG whales appear there is no support at the top, we could repeat what happened in april, more than doubling in one day (from 300) and then...

This is fucking insane.

Bought big today.

Now I can't sleep... For every $1 above $300, I will shotgun 1 beer tonight.

311! Have another beer 

Goxxed out.

I think new coins will be brought in quickly by customers.

I find myself agreeing with Pietilä, which feels awkward indeed

it's just so different [than pre-april bubble!]

I'm of the opinion that the time elapsed between each bubble will be shorter and shorter, each will be more 'violent' and price will go up/down more drastically until we reach the 'climax' or real price discovery.

Thus, in another 2.5 years, there will be somewhere between 10^8 and 10^10 users. Since there aren’t even 10^10 people on the planet, we may estimate that adoption will be ubiquitous in approximately three years.

Just curious Blitz, since you said there would be no more triple digits in 2013. Did you follow your own advice?

I have to take off my hat to BTCChina, it's a weekend and how do they process 200 million CNY? They must have immense clout.

Well I'm glad no-one is panicking. Other exchanges holding their price.

Hypothesis: MtGox never gets out from DDoS and another trade is never executed leaving the price at 371 forever.  Enough people are too stupid to use their brains and continue to look at Gox for the price.  BTC is stuck at 371 foooooooreveeeeeeeeeer.

where was that weekend dip now ?

CoinValidation is long-term bullish, the NWO wants to make Bitcoin their currency of choice.

Happening on 5$ or 50$ is different thing than on 500$.

The last few weeks we're increasing at rates that have not happened since early 2011.

I smell 2011.

All you smell are cheap coins. Delicious Juicy Cheap Coins!

We're gonna have a nice, controlled rally today, right fellas? Right?

Heh. Senator Moran: "Earlier today, I posted on Reddit, asking people what I should know..."

I'd have been *much* more impressed if he'd said "earlier today, I posted on BitcoinTalk..."  

Did you miss US Senators talking about Bitcoins today?

Doesn't seem much like 2011.

What's your strategy for bubbles, typically?

This is as much the fault of traders who continue to return to Gox.

yep, thank god that we have stamp and china, otherwise this would be like april

I smell 2011.

thats not fair to say. We should know better then most that the system is designed to keep people impoverished.

I'm sure you deserved your fortune.

+1
I, for one, gotta say thanks for this comment, Blitz. I'm new to this forum but really appreciate your comments here-- I know that I certainly have ridiculously risky appetite, despite a fairly good knowledge (for a non-pro trader) of position sizing and risk allocation. Do I properly size my positions, do I use a trailing stop, do I take profits appropriately, and cut losses every time? Certainly, I feel like these are my weakest areas. Finding BTC is probably the hard part. Now that I'm here, I should really exert those controls and be patient.

Do you have any more suggestions on/about BTC risk management? (excuse me, as I haven't read back through the last 20 pps)

Cheers!

Yes you're so smart Blitz you were there back in 2011 and you know exactly how history will repeat itself right now in November 2013. Even though you thought the same thing after the April 2013 crash, but this time it will really really be just like 2011. It has to be. 

That would be amazing. I still have some BTC but not like I used too. I sold all the way up but I kept a few here and there. Plus I still have a good chunk of casasius coins (for sale see link in signature, lol). I just want to see it succeed and I feel like these kinds of swings do more damage. That's why I'd rather see it crash back down sooner than later on these crazy rides.

Stop being so full of yourself. Nobody is made at you. People just think you are a total clown. That's all.

You are absolutely clueless. And apparently not just about Bitcoin.

Golden chance to get fiat out of gox.

i wonder how long the bear market will last.

I think we're looking at it the wrong way. Maybe bitcoin isn't destined to become a currency, but something else. It's deflationary, has no consumer protection, transfers are irrevocable and no identities are tied to the addresses. How can this ever become a currency?

Bitcoin is super silver.

Mortgage the house and buy some back.  Or get a second loan and buy some back.  You will eventually be able to pay of the second loan and still have some coins in case (which there is a decent chance) we get to $100,000 and beyond.

But still, everybody knows that Bitcoin is the real thing, and the rest just clones and scamcoins.

Staggering all the way down to $100, with increasing buy amounts on the way down.  Time to take some money.

Here is something that could en(b)lighten people sticking to their Litecoin: The current LTC/BTC price is 0.0155. The eventual supply of LTC is 4x the supply of BTC, ie 84 million. Do you really think Litecoin is worth over 6% of Bitcoin?

Now this is not addressing people who are merely mining or trading them to gain BTC, merely those who are stuck in their delusion. Hopefully, there aren't too many of them here.

Well, I see healthy profit taking and weak hands shaken.

I wouldn't bet a significant amount on it going down significantly, but maybe I'm biased and just euphoric

Blitz, say with me: no 2011 ever again

Big money doesn't buy 10% below the ATH.

This is crazy! Does people think that <900 was expensive but >900 is cheap?