To everyone selling:

Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.

To the whales:

Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.

Newegg just ran an ad in Diggs daily email - 10% anything (up to $100) on Newegg if you use bitcoin!

http://promotions.newegg.com/nepro/14-3631/index.html?cm_mmc=BAC-Digg-Bitcoin-Promotion-_-NA-_-NA-_-NA&nm_mc=ExtBanner

Even if I hated bitcoin or didn't know anything about it, 10% off would get me motivated to use it. Anyone selling right now is crazy.

Overflow of people wanting to buy bitcoin to use on newegg. Very bullish.

- Absolutely the most fundamentally positive position bitcoin has ever been in - Check

- Weak hands sold low for no reason what-so-ever, and willing to panic buy in at a higher price - Check

- Price suppressed well under actual value by weeks of manipulation, making people lose faith in bitcoin for no reason - Check

- Price recovering quickly and stabilizing after a dirty market dump, proving no more people actually want to sell - Check

Hash rate increasing, fear in the global financial markets growing, Circle/Xapo/ETF's about to come online, MatTheCat comes back as a bear just in time...

Hope you all have your tickets.

I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).

An insider that is trying to get out of BTC would hopefully want to maximize their fiat by selling a little slower.

If I had to guess, I would say it is either someone trying to keep price low in order to accumulate, or to collect interest on BFX longs, or to create a BFX long squeeze.

Lift off over in China now

Haha I feel the same way. So... was this good or bad? Looks alright to me

We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard.

These bears that always begin selling every time price stalls out will be choked out of any profits and eradicated as we ascend to the moon faster and faster.

To everyone who sold, hoping to buy back in at a lower price:

You feel that? That is the fear of missing out on the biggest wealth redistribution ever. You know this feeling, you've been here before. You've panic sold and re-bought in at a higher price several times before. You keep waiting for lower prices, but deep down, you know they aren't coming. You look back at the lower prices, and realized you made a huge mistake. You keep waiting, thinking you are an expert trader that will just wait out the rise. It continues rising, growing until your ego can't hold you back anymore. You panic buy. Welcome to bitcoin.

Debt growth has continued and remains huge. Everything will look ok if you look at it from an exponentially devaluing dollar... but this isn't sustainable and it will end.

No time to explain... Its over man, get your fiat and run

Bitcoin hodler astronauts launching to the moon

Herp derp, where is the buying pressure guys? Clearly no one wants to buy at these prices

Huobi goin hard. $598 and pushing

Whelp, time to load my BFX account up again with every coin I've ever earned, go max leverage long again, and make my easy million. This margin doesn't run.

Panic buy

I don't know if we've had enough blood yet... I think it needs to go low enough to where all the bulls are in the bathroom throwing up, before we can continue the long term trend.

This drop is a blessing in disguise... Let's be honest: The current infrastructure is horrible. It's embarrassing whenever I convince someone bitcoin is amazing, and then they ask how to buy them, and I struggle to tell them it takes 4 days to set up an account with coinbase... We didn't have a proper phone wallet up until a couple months ago, and it still has errors. We are still waiting for crypto hardware or easy multisig wallets to be released so that the general public can feel safe using bitcoin... Relax.

This gives us more time to perfect everything before we step up to the main stage. We know bitcoin isn't going anywhere now, it is far past the tipping point. There are amazing innovations popping up everywhere. Let's all just take a second to breathe, and give the developers a little bit of time to bring their projects online! This is the most disruptive tech the world has ever seen, its gonna take more than a couple months to change the world (and get rich...)!

haha thats what it feels like when all my family is saying "you lost 25% in one week?"

Confirmed. Going max long

Everyone's getting really excited? Sigh, time to sell I guess. If everyone could act depressed as the price goes up, maybe we could sustain a rally.

Lube it up guys, this might be the final crash that is gonna hurt

200 coin asks on BFX at 510, 511, 512, 513, 514, and 515. At least this guy has the sense of humor to make a nice piece of artwork out of the order book while he holds us down...