Why do you guys so vehemently commit to buy and hold, only to blow it when it's at the very bottom and sell?

If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.

Hookers and cocaine!

Because everyone thinks Bitcoin is a currency, yet they find they cant buy anything* with it


(*you cant eat a VPN or live in a bag of cocaine)

how many times do I have to explain, this was not chosen as a template word? In a real Ponzi scheme, no one wins. That's why the United States is in deep trouble.

I suggest you getting to know Abraham Lincoln's or Thomas Jeffersons's opinion on that matter, sir.


Amen to that. Besides a few interesting points, it has grown into terrible totality in last couple of years. And it's not getting better. But here in Europe, we are going to deep shit as well…

Um, that link takes me to the homepage of Forbes. Can you give us the link of the article you were thinking of?

but that's not at all what we're doing. a ponzi scheme is exactly what the United States is, actually, not just the US dollar. who is benefiting from the current system? it aligns exactly with the definition of a ponzi scheme. there is one guy at the top of the pyramid, Obama, and everyone else is below him. tell me what part I'm not understanding. you have all the time and digital writing space you need to explain.

While I agree with most of what you said (I live in the us), the perception that allot of people actually believe in the garbage that is spewed via the media outlets is simply untrue. The retards that believe in that crap are the vocal minority which grows smaller and weaker as the years progress.

America the land of the free, we take all comers, even the retards...

I only agree with part of what you said. But then again what you said about the NSA fiasco is true. I don't understand how people don't care that their 4th amendment rights are being infringed without the knowledge of the public! At least with the gun control, people are aware that it might happen. Then again, I never believed that a private citizen should have an assault weapon. Who the hell needs an assault rifle?!? And don't tell me it's for self defense!
But what you said about likening the current situation to the fall of the roman empire is false IMHO. Such a superpower can't just live for only a few centuries except for a few circumstances ie a world apocalypse. 

I like how boy scouts apply term "ponzi scheme" to everything they don't understand dislike.

Isn't China doing this? Lending USA money which they will spend on chinese goods which will boost chineese economy? Both dollar and chineese economy are bigger and bigger buble. When it will finaly splash on full (and not like last time when US government printed trilion dollars and said crysis is over), it will be HUGE.

Do people like being poor, oppressed and stupid? and what does the leader of the "free world" have to lose by keeping them dumb and addicted to the unsustainable pyramid scheme?

This current bearish trend isn't going to stop until the price falls to the point that the market regains its previously reasonable trading volume. Most of May was characterized by no-volume "stability", with the price only floating 110+ because of systematic large buys by major players coupled with bot action producing an illusion of trading volume during periods of no-volume. The roll to 135 was nothing like the roll from 110-165 in post-crash April, where volume was high, there was constant trading, and Gox still had a deep verification queue with millions in fiat being wired while almost nothing got withdrawn.

This fall will have a lot of bull traps with people feeling that lower lows are cheap coins.

BTC was absolutely not post-bubble "stable" 110+ amidst no trading volume after trading for the rest of its existence sub $50. It's just currently an incredibly manipulated market where anyone with a few mega can have a huge short-term influence that produces illusions for smaller positions and makes money for their own.

Well, if the US is really after MtGox, Japan isn't the best country to be seated in. It's almost like they are one of the states of America.

Isn't Mark attending bitcoin2013 ? It's located in the US, so that would be a good time to arrest him wouldn't it? Not that Japan wouldn't extradite him. But this sounds like a good opportunity to bring him to "justice" quickly.

I really really hope Mark never visits the US. But who knows.

Maybe they are 'ddos-ing' themselves, trying to induce some panic volume.  Gox is the only real loser when it comes to these low volumes.

Some people think that I cannot predict the long term (which I do: with 50+% certainty bitcoin is going to $100k+ in 3 years). Suckers are wrong on both.