Since you're still reading this, I gotta ask...
Do you plan to get back in when you spot the next bottom? Also, I noticed your call of $2 was actually off by a month. You posted that in October 2011 but Bitcoin didn't hit $2 till mid-November.
Bitcoin seems, to me, to be traded like a commodity. We know exactly how many Bitcoin there are, so selling out of everything and trying to call the bottom with certainty is a fool's errand. Granted you've done it before, and
I see you noticed this as well, but don't you potentially see that happening again? Someone with millions or perhaps billions wanting to stockpile such an easily-manipulated currency?
Theoretically, yes, we know how many bitcoin there are supposed to be. But I challenge you to prove to me that there is not, or cannot be, a shadow blockchain where a hidden cahce of bitcoin exist that can be shuttled on and off the "real" blockchain. Doesnt MT Gox expose the prevalence of bots manipulating BTC price and volume with shadow/imaginary USD already? Just a thought.
Satoshi Nakamoto was not a lone gunman, he is a front for the leading edge of cryptography, which is a science funded by government intelligence agencies. If youre in crypto, your job is paid by government grants, thats a fact. Whoever started this whole thing was not independent of the NSA and the other usual suspects.
They tricked us with the internet (though we almost won it away from them - until the United States Agency of Google stole it back), and they are duping us with this ridiculous meme that some Japanese hermit spontaneously birthed the blockchain, and nobody knew about its significance until the early adopters magically got rich. Since the genesis block, the network is being carefully nurtured (and diligently pruned) by hidden hands, and those hidden hands know that whoever controls hashing power controls bitcoin, and therefore it has to be under the purview of the NSA.
Conspiracy theories aside, I am highly skeptical that fake BTC do not exist somewhere in an underground shadow network with 100x the processing power of the rest of the world combined, processing power paid for by USD being printed faster now than even scamcoins are proliferating.
wow. Wasn't expecting to read this kind of stuff in 2014.
You have some reading to do mate.