Yeah, because Bitcoin is sooooooo static.
By next summer the bitcoin-eco system is going to be 10x what it is today. There are so many big projects being worked on right now. I truely believe we will have a "killer app" or two by then amongst other innovations.
The price won't be $500. And no one will be complaining.
Let's see, if 2014 can do what 2013 did then we will be at 100k a BTC next November.
10-->1000
1000-->100000
Math's right, yes?
I wish I had another $500k to invest in bitcoin right now.
This next leg up is going to be epic. Hopefully we bounce around for another week or so before it breaks out.
This next leg up is going to be epic. Hopefully we bounce around for another week or so before it breaks out.
Burn the bear! Burn the bear! (LOL

i'm really curious on what happend to this windjc that I knew of

What has made you gone so bearish?
He was overly enthusiastic and now he's overly pessimistic. One day our little grasshopper will learn

I'm overly pessimistic?
I closed all my shorts today. I'm waiting. I would call that short term neutral.
I actually think we are at a psychological crossroads. Much sentiment, including yours, is bullish. Mostly of this is based on the assumption 340 was the low. And that assumption is based on charts from 2013 (I'm still trying to understand how that matters as this is 2014).
I concede that on the bullish side there is support - or, rather, at least a strong desire to pick bottoms.
But I cannot get past the damage left to be done by the killing off of the chinese market, which hasnt capitulated yet.
Also, and just as importantly, is the continued absence of fresh fiat.
I don't see a lot of support between here and 340. There is some on bitstamp. There is none on Bitfinex (where the margin traders are).
If we continue to cut through 420, 400, 380 - we may see the devastation of bullishness. That would be nice.