The question is when will it collapse in a catastrophic way ? (if it doesn't evolve smoothly into something better).


Some meatspace gold dealers accept bitcoins. If yours doesn't, they shouldn't be hard to convince.

I feel for all the wannabe traders who thought they could short bitcoin. I've learned my lesson a long time ago and have never been so happy to hodl and buy all the way down.

I still think it's a bull trap and we will see $400 again though.
Disclosure: i'm hodling so I couldn't care less about my own predictions.

Mervyn_Pumpkinhead...
Pumpkinhead...

He must be trolling. Don't feed him... and don't tell me you are trying to educate him.

Woke up, looked at the price and thought "fucking whales".

Is it really free-speech if what you perceive as trolls and impertinent persons cannot express themselves freely via this communication medium ?

Unfortunately I don't feel any pain because I'm ready to lose everything. I would not sell even if it goes to 0 (if it's based on FUD or political news).
I can only listen to my instinct to buy and want more. So... I'll buy when I feel that it is worth going all in with all the fiat I have left in the world. I can't put a price on this yet.

It's just awesome to see all the weak hands leaving the market.
I didn't think we would see more of it, but just looking at reddit and around here you can tell that more and more people are getting desperate.

And thanks for the analysis cosmofly, it confirms that I should wait a little longer before buying moar

Thank god people vote against moderation (which often leads to censorship).
Faith restored!

And imo, for the average joe who buys small quantities, websites like localbitcoins are much more efficient than exchanges anyway (if they're not interested in day trading). The "black market" will just explode.

xiexie zhangweiwu!

Really, thank you for all the information you give us.
It makes a lot of sense and means the dip we saw today might just be the beginning.
It reinforces my thoughts that China will try to cripple bitcoin to avoid capital flight.

That's what Chinese do. They squat in the street to take a phone call or smoke a cigarette and it looks like they are taking a dump.

Would be nice to have the error margin projected on the graph!

I don't even have to read what they believe to know that they are retarded because in my book anyone who values humanity or society in terms of economic output and employment rate is fucking retarded, no matter what theory they believe in.

With bitcoins I can at least encrypt my wallets / priv-keys and copy them on papers, usb keys, disks, cloud storage, emails or even on decentralized systems like freenet.
It's easy to send copies to my family and friends and also receive theirs. I am happy with this level of redundancy and security.

Thanks for your answer because somehow it's good too know that most holders seem to be in the same boat when it comes to precious metals; a boat that can sink at any moment.
I'll do what I did for bitcoin then, hold what I feel comfortable holding and potentially losing by taking the intrinsic risk into account.



When I think about bitcoin, I see where the value is, but when I think about gold, I really don't see it. So I, for one, do not overestimate its value.
I only buy precious metals because even though it's obsolete, I don't believe people will start discarding it anytime soon. It will take a while before it is replaced in the industry and in jewelry and stuff.
It's stupid but it's been considered precious for so many years (thousands!) that it must now be hardcoded in our brains. That will take time to erase.
So for now, I think it's still a good way to hedge again inflation (as long as the global monetary policy doesn't change radically).

I'm new to precious metals trading holding and there's a few things that bother me. I'd love to hear solutions from you guys.

My first concern is storage. Where do you guys keep your stash ?
It's important not to keep all coins in one place of course, but I don't know of even one safe place to keep them.
Home is fine for small quantities only, safe deposit boxes are too expensive (and I don't trust them), in the wild under a rock is inconvenient, etc.

My other concern is with traveling.
I don't have a home country and travel constantly so now that I have coins I don't really know what I'll do when I have to move abroad.
Selling everything for bitcoins and buying again is a pain and would increase the likelihood of getting scammed.
Exchanging all my silver for gold would make the stash much smaller which would be easy to smuggle.
But if I ever get caught they'll still think I'm a freaking mafioso...

Also, right now my stash is small because of these issues I foresee, but I would love to see it grow to $50K (to give you an idea of what I'd travel with (1kg of gold...)).

Thanks for you help


P.S. Could we have a poll on what would be a good price to by Gold (then another for Silver) ?

would be nice if the poll closed *before* the end date. At least by one day.
Also, 500-600 range. Wild guess: $555 on bitstamp.

"China's central bank reportedly has issued a document on March 18, April 15 asked to stop all Bitcoin transactions. So far the central bank noncommittal on the news." (Original text: 据传中国央行已在3月18日发文，要求4月15日前停止一切比特币交易。迄今央行对这一消息不置可否。)
http://live.sina.com.cn/zt/l/v/finance/globalnews1/

April 15 rings a bell.

Anyway, it's most likely FUD.
1) use of "reportedly"
2) says "the central bank [is] noncommittal on the news"

EDIT: Aaaand it's gone (news removed from sina.com.cn) https://twitter.com/ruima/status/446981681606447104

The polls here are completely useless (like most discussions, see: +1, +2, +3, ...).
I would like to see serious polls with answers that make sense.

I would expect a small breakout to $630. Probably today or tomorrow.
Disclaimer: i'm all btc and holding so I don't really care about my own predictions.

Don't forget to offline some.