Quote from: gustav on December 18, 2014, 06:57:00 AM

Quote from: Serge on December 18, 2014, 06:52:52 AM

bitcoin has been pronounced dead so many times back in 2011 and yet we are all still here somehow.. why would it be different this time, Gustav?

has been pronounced dead by whom? Not me in 2011 ... Who was the sender of the message? Sceptics.

Who is the sender this time of the message? People who have been activel using and trading it for more than 1 year, so not the sceptics this time.

Again: not saying it certainly does this or that but i see a problem with that line breaking and others will too and that's when it gets potentially hairy - once the super-longterm-trend is broken you are in mid air and have no idea if it's zero the next morning so i think it's more likely to actually go to zero once the line breaks.

~~Actually if we are below that line for 14days+ i'd be ready to make big bets on a total fail within this decade.~~

Actually below the line there is a lot of unease, panic, selling and more selling.
No way to get new investors in or a bullmarket going at that point.

Crypto is not backed by anything - this makes it possible to rise like crazy but also to go to nothing very fast because it's not tied to anything other than the liquidity in the markets. And the liquidity is what potentially goes away if the growthtrend is broken. Because why hold it if it doesn't grow and just becomes more risky?

Only a suicidal person would buy coins below the break of that line. Not catching a falling knife there, bro.

It can break the line briefly - no problem but if this shit breaks lower and stays lower i am out the door and others too.

you're thinking only in terms of speculation, there are many supporters of Bitcoin, that why it has any value in the first place, because people realize how brilliant and independent this first of a kind digital exchange value system is. in my opinion, zero is simply impossible, no broken trend line will make me think otherwise.

all i'm seeing now are speculators taking advantage of down pressure caused by widening merchant adoption, nothing else. - and that's a good thing, bitcoin at bargain prices, thank you santa