Quote from: CMMPro on March 22, 2014, 04:35:44 PM

Quote from: adamstgBit on March 22, 2014, 03:19:41 PM

Quote from: billyjoeallen on March 22, 2014, 02:58:20 PM

Quote from: wetroof on March 22, 2014, 02:34:46 PM

objectively we are in a b*** market.

Horse shit. Objectively we are 40% up from the low less than a month ago, >100% up from where were were 4 and a half months agoince then we've added millions of wallets, features, upgrades, merchants, and ATMs.

ya but we are like 60% down from the ATH and appear to be continuing to drop.

it doesn't scare me, but its depressing...
i just don't get why people are selling!
even with the current infrastructure i believe bitcoin should be 10K
We can spend them very easily on anything, big shit too, you can pay your rent in bitcoins, you can buy F'ing mammoth tusks FFS, mtgox and other bad exchanges have been weeded out, and now we hear talk of "wall street grade" exchanges coming online. Shit is growing & getting better at a phenomenal rate, it doesn't make any sense to me... we should be at 10K already. this is why i'm a buyer, if you told me last year i'd be buying 600$ bitcoin i'd lol hard and say that i would be a seller at 600$ but here i am buying at 600$, because wow.

Adam, you of all people know we have to hit total despair before it will turn around...after the crash in April it didn't turn around until I basically said to myself "screw it, it's probably going to be worth nothing but I'm going to ride it into the fucking ground regardless", it was the epitome of despair, totally giving in the the fact that almost all of my investment was lost....and I was willing to throw it all away because I still believed in it...rather than sell at such a low value.

Until we hit the point where no one gives a shit if it goes lower, it won't go back up.
I think we are starting to see this in terms of no volume on the markets.

I think we are nearing that point in time (not sure about the price though) too. Besides your low volume observation, another thing that pops in my mind is the number of pages I have to read to keep up with this thread, which is down by more than 50% of what it was 1-2 months ago, even during the 800s price stability. So interest level is definitely decreasing, even for the uber-bulls that we all are (even fonzie, jorge is the exception that confirms the rule).

This is my first bubble, so I lack past experience, but I think most of the seasoned users here just got used to the bubble pattern and learned not to panic at this stage, because nothing has changed in the fundamentals of bitcoin and the adoption rate is growing steadily. Instead, they just take time off because speculation is simply not as profitable as during other periods, and invest their energy into something else. They'll soon be back though, and so will the 30 pages of Wall Observer spam filled with pics of burning trains and Dorian memes.