Hahahaha!! Good one!
I usually just follow this thread and don't post, but this trolling made me laugh so hard, I just had to say that this is the stupidest shit I have read in a long time.
And I mean, really a long, long time.

You are the first one I ever put on ignore. Congrats!

I am so looking forward to the day when this whole Mt Gox odyssey will end.
It will truly be a grand day for bitcoin. Bitcoin, freed of this weight dragging it down, can continue to grow.
I think this might be even better for bitcoin in the long run, than getting rid of silk road.
Mt Gox has become the cancer of bitcoin, its plague if you will, unnecessarily delaying its ultimate triumph.

LTC ON GOX !!! That's one for the btc-e trollbox 

I think it will hit 1000 again sooner than most expect 

Yes, that's true. And most of all, where are all the japanese manga girls with short skirts???
Come on, they have to be somewhere!!! 

Hahaha, the very same thing was said about the people that bought back in April 2013 at 266$. And they could realise some nice profit a few months later.
Yeah do that, wait until bitcoin hits 100$ again, which never will be the case, and watch bitcoin climb to 2000$, 3000$, one day to 10000$, and maybe then
you'll realize that you'd be waiting forever to get your cheap coins.

It's just funny and sad at the same time to see so many people not realize bitcoins potential, and not realize that we're dealing with a groundbreaking technology here, a network, and not a standard asset.
Well, I guess it's indeed better for the bitcoin community if such people leave

Yes, Bitcoinwisdom has been banned by the Reich, it has been confirmed. The Fuhrer himself gave this order, it is said. It is strengstens verboten from now on!
Sorry, this one had to be 
I'm from Germany myself   
Strange enough, for me it works. What might this be?

That's exactly the thing, bitcoin is quite complex for the average Joe to understand, the principles, the working mechanisms are unlike anything there was before in the financial world.
People really cling to old beliefs and old thought patterns. All they do when hearing about bitcoin, is reading two or three news articles, written of course by absolutely clueless reporters who themselves
do not understand anything about technology, then in the end they come to the conclusion that it's just another volatile, high risk asset. They do not understand the revolutionary technology behind it, nor do they care. Until a giant catastrophe won't force them into bitcoin, literally force them to read and learn about what bitcoin really is, they will just repeat the same old lines, the same old beliefs that we alle have heard so often before. Those guys will still cry "ponzi" when bitcoin reaches 100k $, which I strongly believe, it will one day.

Yes, I know that, you know that, but not the average guy unfortunately. But they will be forced to learn it the hard way one day, at the latest during the next financial meltdown  

Guys, it's just the usual cycle of breakthrough technologies.
First they ignore you, then they laugh at you, then they fight you, then you win.
Totally normal process. We're at stage 2-3, somewhere in between.

Max Keiser has as much market prediction capabilities as my grandmother.
Yet, I think we might see 5000$ this year during the next major rally (with a bit of luck).

Ahhh, it's a wonderful feeling  

Why the dumping today from 640ish to 620 ish?
Any specific news or just regular price fluctuation?

Does this thread actually contain any bitcoin specific information at all any more?  
Apart from a half-hearted CCMF here and there, the off-topic discussions seem to have increased by about 10000%.

I dare even say that the only thing that has a larger gain percentage-wise over time thant bitcoin itself, is the amount of off-topic discussion in this thread.
But I even now predict that off-topic discussions are a bubble. They will have a peak, and then crash towards 0 !!!! So better stop it now, before it's too late!  

Agreed, CCMF !

I've got a PhD in theoretical physics and I can tell you guys the following.
As a physicist, it is my desire to understand things on a fundamental level, how the universe works, and create models which make valid predictions, veryfied or falsified by experimental data.

I haven't got a PhD in computer science, however, I came to realize that bitcoin is so fascinating, that one has to be a fool to neglect the consequences
that arise from this technology.
My knowledge of programming and computer science may be limited, but one must be quite narrow minded not to see the broader picture here.

There will always be people who will not see the promise of a new technology, but dismiss it as a scam, that it will never work, etc.

The same arguments again and again.
People said the alternating current principle of Nicola Tesla was inferior to Edison's continuous current. We know how that worked out for Edison.
Similar people said the internet is just a passing phenomenon. Now we certainly know the internet is here to stay.

Every breakthrough technology encounters severe opposition, also from so-called experts.
Those are the ones that are wrong most often, because they cling to old beliefs, which they cannot let go.
Even scientists, yes scientists, who should be rational and validate or devalidate only based on proof and knowledge, even they are only humans.

When Einstein came forth with his theory of relativity, there were many in the scientific community who opposed his theory, even though they were
experts, world renowned scientists.
And Einstein himself, genius as he was, never could accept the fact that quantum physics was a valid theory. He famously said: "God does not play dice."
Because of the probabilistic nature of Quantum mechanics. Even he could not let go of old beliefs. And he was a true genius.

Well, long story short:

People can't let go of old beliefs, they cling to them.

I for one believe that bitcoin is something much grander than we can even comprehend right now.

As humanity makes the transition from a type 0 civilization (the most primitive type of a civilization on the Kardashev scale) to a planetary civilization,
bitcoin could indeed mark a step towards a global economy. Everything becomes globalized and digitalized, so why not currency? Bitcoin is a normal step
towards a digitalized world economy.

Just my two cents on the topic, and now I'll be silent again and leave the debating to others.

P.S: CCMF !!!!!

With these predictions, it is good that you no longer trade BTC 

I'd say that's a pretty realistic scenario. Not too optimistic even, a quite reasonable and normal scenario.
If normal even exists in the bitcoin world.

The banks really start to feel threatened by bitcoin. That's a good sign 

I think deep down in their hearts they already begin to feel that the triumph of bitcoin can't be stopped. It's a battle they're destined to lose.
So they start trolling and spreading misinformation. Classic!

I think one year from now it won't matter much if you bought at 400, 500 or 600. You'll probably be in the deep profit zone anyway  
Of course, if you're not hodling, it does matter.

If the trend channel continues like it did for the last 2-3 years, well, then 5 years from now the current price will feel like 5$/BTC feels for us now.

We're still in the triangle of doom. We must get over 620ish to finally get out of that downtrend that has been lasting for 3 months now.
It will be interesting to see if it shoots up like it did a few weeks ago, when it went from 530 to 710, induced by that whale buy. It could repeat again.

What do you mean by that?

Wow, this rally has ended before it even started. Epic fail!

WTF is going on? Any news that I missed?!?!?  

Damn, that day has more action than the last weeks combined!
This could be an interesting weekend 

Huobi going back up and Stamp at the same time going down?!?!

Aaaaaand we're back to the price we were before this crazy action started 

Today feels a bit like:



 

This bear market could end any second, like in July last year. I don't think we'll dip that low. We are lucky if we'll dip below 500 at all, just watch the historic trendlines.
But if we do, I have fiat waiting on the sidelines, just in case  

Actually it depends on the perspective. It was post-bubble time after the April 2013 bubble. I'd put 200-300 definitely in the bear's dream realm. Except there is
a btc-e style flash crash to that regions, one can never know.

Are we going to break the triangle of doom this time?? Ahhhh...the suspense!!

If TA would allow you to foresee the future, everyone would be rich by now.
Unfortunately, these are just indicators, hence the possible future outcome is still highly non-deterministic.

It is just a little better than throwing dices, yet, it can show you possible outcomes that are more likely than others.
But in bitcoin of course, as we all know, anything can happen 

I think we'll have to go sideways or up a little bit (to the 700-800 range) for the next 2-3 months and then the next bubble can commence.
It will be a spectacle to behold!

Agreed. A prolongued bear market like in 2011 seems pretty unlikely to me. Not with all the new money flowing in the bulding of the bitcoin ecosystem. Adoption is still going up, the number of transactions rises exponentially. New bitcoin startups emerge on a weekly basis, the sentiment already seems quite optimistic to me. There is only one way, and that is up.
See July 2013 for reference.

OMFG, China FUD all over again. When will this shit ever stop?!?
It's so ridiculous, really. The only good thing about it is that I can buy cheap coins everytime.

So basically, this Chinese FUD stuff could potentially go on for months, even years?
I guess people will get accustomed to this, and the impact of the Chinese FUD will decrease over time. At least I hope so.
Also, as other markets gain more significance, I hope that the impact of the Chinese market will decrease somehow.
At least, those are my hopes and dreams. Maybe they'll never be fulfilled, and Bitcoin will become ChineseFUDcoin.

Yes. We just can hope that a new generation of exchanges can fix the trust issue a lot of people have after the gox debacle.
I think that may be part of the reason why no one is buying back. Trustworthy exchanges are a must before we can go to the moon, I think.
But a prolongued bear market, I don't know if that can happen the way it did back in 2011. So much has changed since then, bitcoin is
way stronger than in 2011.

Well, the positive thing is, that all this FUD gives us the opportunity to buy some really really cheap coins.
Because, you know, FUD can only postpone the inevitable, but not wholly undo it. That is that bitcoin will
go to the moon sooner or later. So this FUD represents a really wonderful buying opportunity.

Let's see if that 540 wall holds.

I wonder how low this sucker will go 

We're still above the long term historic support trendline.
It could go as low as the mid 400's until the strong buying support kicks in and we resume the upward trend again:



So everything still within normal parameters.

I think we'll have strong support in the mid 400's, but let's see.
If it goes below 400, we're entering real bearmarket territory. This would be quite nasty.

Only 10x Why so pessimistic  

I totally agree!

Poor weak hands. I think they'll be quite sad in a few months  

Every bear market ends at some point. You just don't know when exactly. Sub 500 coins is a gamble. Could be, could not be.
It's anyones guess I think.

Why is everyone still following Huobi with their goddamn fake volume?

Trader at stamp:
"Oh look, Huobi is going down, I guess I have to click the sell button, fast!!!"

You guys are right, but it's brutal to watch.

I'm looking forward to the day when Huobi et al. will follow Gox into the graveyard of BTC exchanges in the not too distant future.

It will be a wonderful time!

Cheer up man! They cannot ruin bitcoin. Bitcoin had similar, if not worse situations like these before.
The next rally and big jump in price will come, it's just a matter of time.
And the bitcoin network is so much more than just the price. It will survive!

Dost thou utter blasphemic words against our holy and beloved cult?
Heretic! Thou shalt soon feel the wrath of our almighty father bitcoin, who shall smite all those that oppose him!

That looks more correct. It is an exponential trendline, and the support at 400 is very high, because it's the lower exponential bound.
I just can't see bears breaking that support, they already are running out of ammo, and the support forming is very strong.

I set 400 as the lowest limit, just can't see it drop any further.

These sell walls are being eaten steadily. I like that!
Nomnomnomnomnom

Trend reversal always happens when despair is the greatest. Maybe the overall pessimism here is a good indicator for that.
It happens when people really get desperate, bearish sentiment is at its maximum, doomsday prophecies begin pouring in.
And just in that moment, when it is least expected, the bounce comes. You cannot really predict it.

Technical indicators cannot tell you when it will happen. They can only give you small hints.

Interesting theory, could well be. But hey, the day is not over yet, still time for a massive amount of FUD. 

Exactly. And it is only a matter of time until these massive investments into the infrastructure will reflect in the price. It is utterly ridiculous to think that the price will slowly grind down, never to recover again.

People posting we go to 100-300 are most often trolling. No one really believes we're going down that low, but a lot of people still try to convince others that we will.

I think that was meant as a joke. Ah yes, the famed 1w EMA downcross. You do realize that EMA's are a causal result of previous trades, not a precursor to trades that will take place in the future. They do hold as much power over future developments as does drawing random lines. Simple lesson of causality, a basic physical principle of reality.

Hehe! You've got me.
It's interesting reading some of the posts, that's what I'm doing here. There are really some reasonable posts here where
you gain some valuable insight, for example if some major news occured  

A kind of a self-fulfilling prophecy, yes. However, there was a 1w EMA downcross at the end of october 2013. How did that work out?

Yes, you're right. I didn't want to question the use of TA in general, it indeed works in so far as that it gives you an advantage over noobs/sheep. Even if only works 51% of the time instead of exactly 50%, that is a win over random walk.
What I was questioning was the absolute certainty with which some people here seem to "know" what will happen based on some simple technicals.
The probability that something totally unexpected will happen is still brutally high!

Hehehe, yes! I even would go as far as to make the following postulate:

The less bitcoins one has, the higher the likeliness that he keeps posting a lot of senseless crap posts.
A simple, yet maybe universal law.

This guy is a total troll, I would put him into the same category as Fonzie  
The ignore button, friend, can work wonders!

I love buying coins when there is despair in the air and noobs are freaking out. Actually, it is the best indicator to buy as many coins as one can.
Sent two months salaries worth of fiat to stamp today. Yes!!!  

AAAaaannnd it's been pulled  

I'd say they are not so arbitrary.
The exponential resistance and support trendlines are correct, as well as the linear downwards channel from the dec bubble pop.

LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
a) In 2014, price will visit below 100 = 0.1%
b) In 2014, price will visit below 200 = 2%
c) In 2014, price will visit below 300 = 10%
d) In 2014, price will visit below 400 = 40%
e) In 2014, price will visit above 500 =100%
f) In 2014, price will visit above 750 = 95%
g) In 2014, price will visit above 1000 = 80%
h) In 2014, price will visit above 1250 =75%
i) In 2014, price will visit above 2000 = 70%
j) In 2014, price will visit above 3000 = 65%
k) In 2014, price will visit above 4000 = 50%
l) In 2014, price will visit above 5000 = 30%
m) In 2014, price will visit above 7000 = 10%
n) In 2014, price will visit above 10000 = 5%
/LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS

1200 seemed totally crazy and exaggarated in early 2013 when a coin was at 10$/BTC.
If BTC enters a rally, and that is only a question of time, do you really think it will just surpass the previous ATH by a measly 25%?
That's like the last rally ending at 332$ gox price.

If btc starts rallying, it is like a russian locomotive, it won't stop, there's just too much momentum, too much euphoria, hype, it will keep going and
going and going. So 5k/BTC is in no way exaggarated. Perhaps even way less exaggarated than predicting 1200$ ATH in early 2013.

I wouldn't say only namecoin. The alts in general seem to experience a pretty nice surge now.

500 !!! Woooohooooo !!!!

+1
Exactly my thoughts!
Good to read some sane posts from time to time.

We just need to hover around at the 500-520 level for maybe a few more days, the rise to 548 was just too quick.
It's just a correction imho. We're building a base for the next run to the 580 level. Currently, we are quite overbought, so a relaxation with a few dumps is nothing out of the ordinary.

Another round of standard FUD, or just random dumping? What's going on?

I swear to god, if my girlfriend wasn't Chinese, and Chinese food wouldn't taste so good, I'd long have declared war on China.
I would have marched into China, a one man army against billions of them, it would have been an epic fight. Then I would have screamed: "For freedom, for bitcoin, to the death!"
Their cute girls and good food saved them 

1763.42$. After crashing from 5382.19$. Confirmed.
The force has told me so, it can't be wrong!

The market didn't react to that news. Maybe people are getting more resilient towards the same old sh** over and over again?

Edit: Who am I kidding here. Probably they'll start dumping at the slightest new ban rumours XD

The effect of these idiotic "news" matters less and less, you can already see that the dumpage because of those news gets less and less. It's only a matter of time when these so called news don't interest anyone any more. And when China is hopefully completely out of the game soon, it'll be such a massive release that the next rally will begin soon afterwards. Just a little more patience
But I can understand your anger, I'm pissed too. But people are stupid, has been like this for 100.000 years.

These high prices? People said 10$ is much too high. They said the same about 100$.
Actually, when CNY ceases to go into chinese exchanges, something will happen that a lot of people don't expect.
Prices will go up.

And they will go soon ShroomsKit  
Agreed, prices are not high, actually they are DIRT CHEAP right now.
BTC is massively undervalued, yes, you heard me right people, massively UNDERVALUED !!!!

+1

Well said! 

Again a sharp analysis of Risto. People again underestimate the upward potential of good ol' bitcoin 

I'm so sorry for all the bears who really hoped we would visit the lower 300's again.
The really really wished for it so badly, to justify their short position.

Well, sorry guys. Now you'll have to buy in at some point.
On second thought, I'm not sorry at all. Actually I'm laughing my *ss off right now.

I agree with the prognosis of a top anywhere between 3000 and 7000.
I will not start selling below a certain price point, and I don't know how this guy came to the 1356$ ath conclusion, but comparing all the previous trends and bubbles,
there's no way this train will stop so low 

Finally it's fun reading this thread again!
These 5 months of continuous troll and uber bear posts were brutal.

I think we might hit 600 today.
Next week 700. Good times again! CCMF!!!

That willy report is ridiculous. I agree that the November runup could be attributed to some extent to the Willy bot and these fake buy orders, but the Feb-April runup in 2013?
He basically delivers no real evidence for that. The author of this report basically wishes that BTC will just stop bubbling.
Unfortunately, he will be disappointed to see that bubbles are most often caused by mass psychology, e.g sheep panic buying. We haven't seen that last bubbles!

Oh, and what a convenient timing to release that report, after BTC gained like 30% value in a matter of a few days. Nice.

It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.

I would never call the end of some alt too early, those little suckers are full of nasty surprises!  

Agreed, DRK is just another regular hype.

What makes a coin succeed is the infrastructure surrounding it.
Even though privacy may be a factor, no one actually uses darkcoin, or will use it.
Merchants aren't going to accept darkcoin. Litecoin on the other hand, though it may not be technologically different from bitcoin, has a huge
network and infrastructure compared to the other alts.

LTC will be still number 2 when Darkcoin is rotting in the altcoin graveyard where all the other so-called LTC successors are rotting now, Auroracoin, etc.

I predict that LTC, together with the older, more establshed alts, will see a huge price surge in this bubble, BTC-ratio wise.
The older, the more established a coin, the better. Network and infrastructure are the key words here imho.

This is getting ridiculous. This whale puts up one ask wall after another, hehe. And they get bigger every time 

Now that the trolls come out of their hiding again ( I really did enjoy the short period of calmness without these assh**es posting their regular s**t in this subforum (looking at you Jorge, Fonzi, etc), sorry for the drastic words )
I want to kindly remind you of what happened in 2013:



Notice the similarities starting from the July bottom back then to the maximum in early September. Perfect retracement to the first Fibo support level at 115, then a stabilization at around 120-125, then sideways action for a few weeks.

We now might be seeing the same here. Testing suppor at the first Fibo Level, slightly over 600, then recovering to 620-640, then a few weeks of sideways action. I don't think a flashcrash like the SR closure in early October 2013 will happen this time.
And then in early July, the real rally will probably start.

This was an impressive shakeout.
Reminds me of the one in the week of 18th Nov 2013, it crashed down from a top of 800 to 450, everyone was like: "That's it, it's over guys, bubble has popped."
Then it slowly resumed the climb, at some point the sellers had to buy back in, and this baby went from 450 to 1200 

A similar scenario might be unfolding right now.
I think this rally is not over yet.