You're drawing the line in the wrong place like everyone else who makes graphs on this site. End the numbers in late 2012 before the bubble started when it was around 10

And that forgets that bitcoin doesn't just go up magically because you whisper "bitcoin" in someone's ear. It gains investor confidence as more sites and companies start accepting it as a form of payment.

Unless you're serious about your belief that the total bitcoin economy will be worth 3 trillion dollars in just 3 years. In that case there's probably no point discussing it with you.

Exactly, all I'm saying is we have no idea right now if there actually was a DDOS. We do know that when attempting to trade more than 37 or so trades per second on Mt Gox, the symptoms would be the same as what they called a DDOS.

I've done a lot of IT security work, while you cant trace "who" is doing a DDOS, its very easy and common practice for companies to publish details on the type/vector of DDOS attack. None of the exchanges have done this.

Usually the scammers tend not to be shifty types. You always see the quote from the victim on tv "he was such a nice young fellow, he talked so passionately about his investments"

Too early to judge, but in all seriousness, have you seen the sheer amount of hacked sites holding bitcoins in the last couple years. It's statistically impossible that that many people are that retarded when it comes to security.

If you start at the bottom of your list, and work your way up, skipping step 2 and 1, it's a sound investment plan.

As it is you're basically gambling with your money. Why not go to vegas and have more fun doing it?

You guys are so gullible. Make an exchange or bank, wait a while till its full of BTC. Take everyone's BTC. Say you got hacked. Refund a little bit to show you care. Stash your anonymous fortune.

I still haven't seen any details from any exchange to show that they actually suffered a proper DDOS.

Looking at MtGox, their server could only support <40 trades per second, so whenever it went above that, it lagged to hell and they called it a DDOS. You guys just ate it up.

No you should not be able to. You should either save it (let the bank invest it), or invest it yourself in a very diversified portfolio. If you hide it under the mattress or in gold silver or bitcoins, you deserve to lose it since you're basically making a bet that society is gonna fail, yet too dumb to realize all these items will also be worthless in that case.

Having a very small portion of your net worth in bitcoins or precious metals is reasonable, as long as you're prepared to lose it all. Anyone who bought-to-hold or sold bitcoin in the last 4 months has done nothing to contribute to the future of bitcoin, sorry but its true.

I know this investor called pirate or something that is looking for more bright confident young folks like yourself!

Correct, MtGox can handle around 35-37 trades per second on current hardware. Once they get their new servers with the database on fast disks, this should go up to thousands. Either their exchange software is really terrible, or they have very slow/few disks at the moment for a db server

Don't be greedy. Today is probably your last chance to get out at over 70 for the next few years

Thank you!

Scammers still trying to get you to buy their coins based on starting their graphs based in 2013. Draw the line through the charts starting in Jan 2012 and you'll see what's what.

The man is a goddam genius. Once you learn to read his charts, and get a feel for his advanced analytics skill, you'll make some major profits!

Buying now is known in the bubble world as "trying to catch a falling knife" for good reason.

Nope, sanity is prevailing, and Gox is even holding up for once

I think BluesBrother is my favorite poster here. Common sense is hard to come by in these crazy unstable times both in BTC and outside of it. What up bear buddy!

Basically all investments are shite at the moment. Panic commodities (Gold, Silver, BTC) bounce around like crazy mofos, bonds of all type pay around the same as inflation, banks basically just bend you over and have their way with you if you keep it in savings. My money's mainly in index based stock and real estate equities all over the world, with a very small part in precious metal based equities, which I regret daily. At least my excess money is contributing to the economies, and surely they cant all crash at once! If they do, you'll want ammo, not Gold or bitcoins.

The bigger the font size, the bigger the loss. Poor smoothie

Smart people who've held for a while and wanted to cash out would have sold at 40-50. Anything past that is basically just gambling or blind ideology

If you "read the market" correctly, you take money from someone else. If incorrect, someone takes money from you. This is why I don't really like commodity speculation; if you win it just means you're a coercive asshole

You also gotta remember that 100% of people on this board think they're smart enough to be on the 50% side who come out ahead. 50% of them will be wrong, and probably not be willing to admit in here on the forums.

The only way you can 100% make money is to have mined coins yourself, the older the better. Then you can sell to newer people at the bottom of the pyramid.

As a currency, bitcoin is just brilliant, revolutionary even, and I love to use it. As a commodity it has way too much in common with a Ponzi for me to touch it at this late point years after inception

Cmon man, I've got this sell order for $120 that I need filled... err I mean the fundamentals point towards up up up! Buy now or be priced out forever!

All bubbles pop differently, there can be multiple bear traps, bubbles within bubbles, etc.

Markets are like Schrödinger's cat, if you observe them they will change state and not behave how you predicted. I own 0.10 bitcoin and have never sold any, so I'm just watching interestedly.