Quote from: Vycid on November 20, 2013, 04:25:41 AM

Quote from: CryptStorm on November 20, 2013, 04:18:08 AM

Quote from: BitPirate on November 20, 2013, 02:55:26 AM

Quote from: Vycid on November 20, 2013, 02:52:09 AM

Quote from: zero3112 on November 20, 2013, 02:50:56 AM

Quote from: NewLiberty on November 20, 2013, 02:44:30 AM

I think Goat called it when he observed that the bull run isn't over, it is just being throttled by fiat constraints.

So lots of people are waiting on bank transfers which is creating a huge influx of money?

I think this is an oversimplified view of things. More money is coming in, but people are also getting nervous and jumping ship the longer this thing takes to get moving again.

Furthermore, a lot of people who sent their money in to exchanges may change their mind now that the rally is over and things are slipping.

I'd be pleased to see another move upward but I have no expectation of that.

Agreed, it's not this simple. Of course the bubble didn't run out due to lack of fiat! People need to have logical consistency. During the rise everyone was proclaiming "We can't crash, there are too many exchanges, they can't all fail!". Now the same group of people are shouting "All the exchanges are out of fiat!". It doesn't make any sense.

Look at China: Fiat to the exchanges in under 5 minutes, but buying is subdued. The crash isn't because of "lack of fiat", it's because "areyoumotherfuckinginsaneitjustrose1700%"!

Boring period incoming. Thank Bitcoin -- chance to focus on your family over Christmas instead of checking the price every 20 seconds.

This is it guys. ^^^^

I've been saying that since we reached the old ATH (266) we were at DEFCON 1, DEFCON 2 started at 2X, and DEFCON 3 was when the whale thumped 900 in our faces, and it still plays out into the blood on the street, that, really, is only *just* beginning. I studied the shit out of the trades in April, knew the patterns, and slept *very* little in the last several days, sometimes getting multiple texts at 2, 3, and 4, and was up by 5 the last 2 days. I've probably checked the prices, on average, every 6 minutes of being awake. DEFCON 3 is only 3 or 4 days, and the whole parabolic cycle (20-40 days) is just exhausting.

What did I learn-- that trading is fucking tough; yeah, I made some money, but I could have done a lot better... wait for it... if I had just bought and held. Perhaps, I, too, will pass through the circle of fire that is n00b.

I made 0.5% total.

It was not worth it.

Never again. I'm a firm believer in buy-and-hold now. My position has gotten big enough that I am unlikely to have cash to significantly add to my bitcoin position in the future, but I'm not looking to sell.

This is how it is: I've got a lottery ticket that matches up with everything but the powerball, and it's coming down the chute.

I could sell now and retire a couple years earlier, or I can grow some balls and get my shot at total independence. If it doesn't work out I'll be no worse off than I was last year.

I'm in for the long haul. My dream house is bought in Bitcoin or not at all.

Yeah, I hear ya. And, we aren't dummies...

Still, I believe that the real ticket is if we can contribute to this ecosphere, actually DO something in Bitcoin, work for or start a BTC company, stay active, etc. (holy crap down to 526 while im typing...)