The market is clueless, that's why it's relatively predictable. Smart individuals take advantage of this.
Coming from someone who is constantly wrong.
He isn't stating that he's the one taking advantage of this
.
Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.
What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.
qft
Looking at the graphs I think i don't understand bitcoins anymore
I am unable to add to cancel sell/buy orders @bitstamp, might be the reason the lack behind in this upward trend.
You can cancel sell/buy order, the display is just lagging behind. But the moment you press cancel your order is gone. I have tested this.
You're right, after a few minutes my orders (dis)appeared.
It says it right on the bar: 'fine gold'.
I think what is important for lay people to understand is there are no obvious flaws in bitcoin. If they think they see an obvious flaw or some way in which it won't work, it is important that they understand that they don't understand it yet. This is difficult without insulting peoples intelligence, but I find if you let them 'save face' by explaining the underlying system is only really understood by cryptologists and mathematicians, they dont feel so dumb and resistant to something they don't get straight away. This gives them the time to absorb it.
qft
Still nothing spectacular going on.
Gox down, stamp up - arbitraging kicking in?
China down almost 500 CNY
Bitstamp is not really catching on yet, China right on Gox' tale.
ATH on almost every exchange right now. Finally some action!
The trend isn't very positive the last few days. Not sure it will hold or correct itself.
Of course we are going down. That's why I don't buy the "technical" issue at bitstamp.
WHAT?
technical issue?
I am so glad that I am all fiat right now.
