Agree on that. I did well with LTC (up 10x) but it was just dumb luck and I only threw $500 into it. I sold out a while back and I think it's significantly overvalued now.

Jaroslaw where are you? oh i forgot you dumped all your coins @ $70.

That would be terrible.  however very basic technical analysis says that won't be the case.  Below $800 on gox within the next 24 hours.  before further drops is what I see.

Perfect storm approaching: Obvious manipulation on Houbi. All China exchanges getting shut down by end of Jan. China's eBay just banned sales of miners. FBI knows something we don't and has lost faith in bitcoin.

The end is near.

Keep dreaming

Yes. The FBI plans on crashing the price to single digits within weeks.

you mean sub 80?

I expect a rally, China was just scaring us away from the cheap coins...

Thanks.
These kind of posts really just amaze me.

I think this time China will counterbalance new Gox FUD since their banks open on monday.

The stupidity of the Gox traders is overwhelming. How these morons can be selling in the 300s right now is a testiment to how stupid a wide swath of bitcoiners are.  The conspiracy theorist and worst casers and the lemmings who listen to them are all a basket of crazy.

I have not for one instant believed that Gox would do anything other than fix the issue and go back to business as usual.

These traders really take the cake. First, they choose to use an exchange that has the highest fees, worst customer service and fewest withdrawal possibilities. Then they pay a 20% premium on their bitcoin for literally weeks. And now they sell their bitcoin for 50% on the dollar despite very limited fiat withdrawal options.

These people deserve every damn thing that is coming to them. The stupidity is off the charts.

Good point. The ignore button is our friend.

We're just stuck, wait for it to snap. Like so:

I think it will hit 1000 again sooner than most expect 

Jeez, I can't believe people think this will actually kill Bitcoin. Have they not learned anything from the last 3 years.

btc-e whales having fun with ltc, putting up 42k ltc wall @9.97

Btw judging by the trollbox, lots of people sold @bottom or near it, tons of desperation and hoping that this is a "obvious bull trap"

Meh. A single whale made one market buy.

Rpietila, was that you?

fuckin' dead-cat-bitch

Oh no Bitcoin is dead!!!1!

i agree, $1635 is my prediction too

 

So we will see change in the first of July, new month, new price fight. How much bidders has entered to the FBI auction?

Did anyone notice that LTC/BTC skyrocketed while LTC/USD tanked (and by a much larger factor?)

wtfff

So you sold at 0.0145. Did you manage to buy back way cheaper by going through USD?

This is not over - tread lightly 

I'm thinking he might of screwed up. He took it down to the previous ATH when he should have just plowed through it while there was no buy support around it. Maybe he was hoping the market was going to take over. Now it's filling in and going to be more difficult to get it down there.

Not to say... he doesn't have the BTC to still do it or anything like that.

Draper, time to average down. I suggest wiring 10 million to Bitstamp and buy him up.

ok ladies and gentlemen, im officially out and done with all of this. if the rocket was going anywhere it would have already blasted off. no blast off means we are still going down. rip in piece xbt. should have known, to good to be true. i shall remember my bits fondly.

i have come to the realization that it's time to cut my losses. my hard earned money wont be losing any more value when it is sitting safe and sound inside my bank account at chase National Bank, in fact it will be earning interest!

i strongly recommend you all do the same, put your money in the bank where it belongs, or else the whales, banksters, and corrupt governments will end up with all the value of your coins, and you will be left with worthless digits on your computer, you will be forever ridiculed by family and friends about magic beans and ponzi schemes, and you will eventually be forced to join the military and fight and die in wars you don't understand and definitely don't agree with, or find yourself locked in a prison making license plates for twenty cents an hour.

Former owner of the 30k BTC wall. 

I think the bearwhale just outsourced some more trolls. I wonder what the going rate is to act like a tool on the internet.

If we stay at this level for a couple of days it will form a cup and handle. Do honeybadgers give a shit about stuff like that?

Ask side on Stamp looks flat as ball room floor. I can only imagine what happens if we really should see a bigger short squeeze! That train won't be able to stop anymore!!!

It's incoming in my opinion.    

Let it happen!

and this is why regular people won't touch this market.

the market could go up say a few % a week, slow and steady, but instead we continue to get 30%+ swings over the course of a few days.

so that momentum traders can make a living

dude i have been following btc since it hit $1... i know


Yes I know. But there are good chances they will be in gain in a few months.

but the people that bought at $1000... well....

Who are you referring to

go baby go...I need to make $$ back from alts to btc on my NO ROI NO Refund Titan (not my best move by the by)

so it is not 'baby needs a new pair of shoes" more like 'Searing needs price to rise to salvage ego' (live an learn)

It's funny because her name is dumbwoman 

@NotLambchop

Most people purchase Bitcoins in the speculative hope they can later profit by selling them at a higher price to other market participants. As it's mathematically impossible for this to continue ad infinitum it's foolish to think you can continue to make money at the expense of other market participants (of which you yourselves are among) beyond the peak of adoption.

Once adoption rates have peaked, which they more than likely did last year, there's little left but a massive downside caused by an imbalance of those wishing to cash out vs new money coming in from those wishing to speculate on further price rises.  As the imbalance becomes more apparent new adopters are likely to become fewer and fewer thus escalating the downside.

As more people start to realize risk/reward is a bad bet and that the coins are gradually becoming worth less vs USD, a cash grab situation is likely to arise in which people will become aware coins are actually only backed by buy orders amounting to about 0.01% of the arbitrary market capitalization. This situation could be immensely profitable for those buying into the next round of folly.

All those who have become rich from Bitcoin have simply done so at the expense of later market participants, many of whom are likely to realize large losses on the flip side at some point. Hence why it's reasonably comparable to a giant ponzi scheme.

at being a complete dickhead 

Sorry I don't get that joke, you winning at being a complete dickhead confirms who I am, what does that mean exactly? and I'm 32 so don't know why you keep writing boy? are you trying to patronize me or do you have some sort of personality disorder?

Anyone else have problems with Bitcoinwisdom glitching?  

Anyway I just wanted to say how good the charts are looking and what a nice steady, predictable bull market this has been.   I am really looking forward to more smooth sailing in 2018.   At our current growth rate, maybe we could hit $15k by mid year.  After that, anything is possible.