Quote from: T.Stuart on January 08, 2014, 01:00:19 PM

Still doing fine thanks!

It is a genuine point: there is a big difference in the situation now when compared with previous bubbles.

Don't know if you noticed but I'm enjoying researching what's going on and comparing what is happening with what some analysts are saying. I'm having a lot of fun! Don't read my stuff if it annoys you.

Shit!

I thought you bought in at $500 during previous crash. What price did you actually pay for your Bitcoin holdings on average? So when I suggested to to you yesterday that you take some profits (at prices $100 higher than they are just now), had you sold some Bitcoins, you would have actually realised nominal losses? If so, that kind of explains your increasing Bitcoin evangelicalism.

btw, you stopped 'researching' quite some time ago. What you are doing is colouring in your rose tainted picture. Bitcoin may go to 5 figures, but it could just as easily be destroyed and with it, all your wealth. you would do well to be aware of that. Little more than 1 month ago, we reading reports of Chinese state sponsored documentaries promoting Bitcoin, it was common knowledge that Bitcoin was ok with China, cos:

It helps fight their inflation (surplus CNY) problem.
It gives their citizens something of value to invest in.
China produces all the Mining gear
Chinese government is probably doing all the mining, after-all, only large scale operations are now capable of serious Bitcoin mining.
All China's top companies were getting on board.

One month later, we have a perceived Chinese Bitcoin ban 3 weeks around the corner cos:

Bitcoin facilitates capital flight from CNY into global currencies (with hindsight, were The Peoples Republic of 'pegged to the Dollar' ever going to allow this shit to spread unabated?)
It allows China's citizens to operate off the financial radar
All China's top companies are dropping it like a shit covered brick
Government is telling top retail websites to stop selling Mining Equipment

We have had two brutal corrections and are half way through the third (and perhaps final?) correction. We still have this China thing hanging over Bitcoin's head like the sword of Damocles, yet the only response the Bitcoin bulltard can muster to this issue is to either dismiss China's relevance (majority of global Bitcoin trades) or cling either further to more positive media stories.

Either you come to your senses and at least acknowledge that there are two side to the coin or prepare to either miss huge investment opportunities (sell high, buy much lower) or in the worst case scenario, watch in disbelief and crippling self-denial as your wealth turns to vapour.

Bitcoin's fate is NOT a foregone rosy conclusion!

Bitcoin has gotten too much heat early on. Now, its future lies in the hands of the authorities and financial powers that Bitcoin was meant to 'smash'. If the The Man gives Bitcoin the thumbs down, then Bitcoin is fk'd, at least as far as recent 3 and 4 figure valuations are concerned which is by now, all that any Bitcoiner really cares about. Bitcoiner is now relying on The Man, and The Man will only approve or allow Bitcoin if it is in his interest's to do so. If The Man can't control it, then he will kill it.