Quote from: Anduril on October 12, 2011, 03:15:05 AM

Quote from: GoWest on October 11, 2011, 11:27:26 PM

Something is in the air, and of course this is just speculation, but I think we're about to leave the $3.xx price for a good long time, if not forever.

$19: We're about to break 20 again, expect a rally soon.

$15: The rally back to 30 and beyond is about to happen.

$14: It's been steady at 14 for weeks, rally should be coming.

$12: It cannot go any lower.

$10: BUY, BUY, BUY

$9: We should hover back to 12 soon, and then rally back up.

$6: This is the point where people will start buying, expect it to got to hundreds within weeks/months

$5: It cannot drop lower.

$4: Many miners have shut down their rigs, expect a rally.

$3.90: It will go up soon...

I keep lurking here because this is really a lesson in self-deception,. Before you say anything, no, I'm not trolling, I've been here for a while, I rarely post, and I'm truly very interested in BTC for various reasons. Yet, I'm just baffled by the almost religious bullishness.

I wouldn't go as far as to say religious bullishness. There have been many times BTC was poised to raise in value and just about every time there is something negative to stop it (i.e. hacks, massive sell-off, thieves, supposed ripoffs, bunk exchanges, or just general FUD). Even now one of the first things you see when you search is the Allinvain post (which I still do not believe BTW). Value started to drop right after the supposed Allinvain theft and continued down after the Mt.Gox hack, every time it starts to stabilize something else happens.

BTC has its value in many ways...I don't think the USD value accurately represents that. Many are looking for something exactly like this but because of difficulty buying (cannot purchase by standard means i.e. paypal, credit card...the fact that you have to do a bank transfer scares a lot away) or because they read some horrible article they get scared away. I am not typically a conspiracy type person but I do believe in this case there are entities which do not want BTC to succeed. They have every reason to be scared, BTC has valid uses which cause them to lose money. I would never think BTC will replace any currency (USD or otherwise) but credit card companies and those who collect exchange fees could lose money for sure if use became widespread. Those who control the transactions do not want another parallel method of payment reducing their income. Not only that but the banking system and US govt. have been working very hard to track and verify every bank transaction. If you deposit/withdraw more than a couple thousand cash your bank is required to file a report to the govt., if you deposit more than 5k you have to fill out paperwork. This is to stop drugs/terrorism/money laundering, just like every other freedom you have lost it has been brought about by FUD.

They are working very hard to get rid of cash in general...why would they allow BTC to succeed. Best to destroy it before it gets a foothold.

Just today for instance there is a PopSci article about Bitcoin (actually about tracking Satoshi)...it appears on the frontpage but when you click the link it is gone. Just like everything else related to BTC as soon as there is a possibility for promotion it disappears.
(edit: I emailed the author and he explained it was a bad link and it is fixed)