Topic: Gold collapsing. Bitcoin UP. - page 896. (Read 2032266 times)

... your handlers...

You guys have to try harder. This temporary pullback is nothing compared to this one:
https://bitcointalksearch.org/topic/warning-how-many-of-you-bears-have-ever-been-a-victim-of-a-short-squeeze-48850

Can you imagine the pressure back then after 32 to 1.98? And I was the only one fighting off bears like you. Lol!

This is one big yawn. 

Cypherdoc.  The sooner you come to terms with being a lolcow, the sooner you can begin your recovery.
But I doubt you ever will.
You'll just keep making up more wacky conspiracy theories to explain away this fail.
Here, let me lend you a hand...
Let me lend you a helping hand.

LOL!  you trolls think you're so smart.

It's going great. All you're providing for me is cheap coins. Keep 'em coming!

lol   

I was also visiting this thread to see how the permabull will twist and twirl

Mornin', cypherdoc!  How's it goin'?

Mornin', cypherdoc!  How's it goin'?

the whole equation has been special.  especially to the USD.

New article from Paul Krugman titled "The Long Cryptocon"

http://krugman.blogs.nytimes.com/2014/10/04/the-long-cryptocon/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Opinion&action=Click&pgtype=Blogs®ion=Body

He has no agenda of course...

^
Sorta.  Had a few luls.  Your thread topic always gives me a giggle, but today...  Today was special.

Good day my friends.  The problem with this crash is that it still hasn't shaken my optimism.  Perhaps that means we're going lower. 

Riffing on what Adrian and Melbustus said, my entry into bitcoin was similar although one growth-spurt later.  I bought my first coin at $49 in March 2013 after reading Satoshi's white paper and realizing the brilliance of this innovation.  I have a mathematical/science background, but had been an armchair economist and hard-money enthusiast for years, so the combination of math, technology, and a new better form of money was highly appealing to me.  For two weeks I didn't do any work, instead reading everything I could on bitcoin. 

I did the calculation that probably many of you did, projecting the potential market-cap of bitcoin, and concluded that its value was mid 4-figures simply as a hedge that it might succeed.  I couldn't build a position fast enough as the price climbed in late March and early April, I still didn't know if I was securing my coins properly, and I half-suspected cavirtex to be a scam (which it's clearly not).  I felt that I must have discovered this great new thing at the same time as the entire world.

The crash of April 2013 turned out to be a very good thing in hindsight.  I continued to build a position over the summer--fairly disinterested in the price and only paying peripheral attention to this forum.  I probably only checked the price every second day at that point in time.  During the dip in July back to $60, I began to think that bitcoin might fade away but I continued to dollar-cost average in anyways.  It was the recovery from the July dip, and the strength through August and September that really made me confident. It's hard to explain it, but something changed inside my head and I knew that bitcoin was legitimate.  I actually made my largest purchases at a price significantly higher than the July 2013 low, six months after my first bitcoin purchase.

So, I suspect there's a new cohort of people very similar to me who've discovered bitcoin during the November 2013 growth spurt.  They're most certainly underwater (like I was), but I also suspect they hold less coins than they'd prefer and are are probably tepidly purchasing right now, uncertain about what the future holds.  Should we stabilize and rebound higher, and stay there for a while, the confidence of many new users will be rebuilt (who might also be at a small gain at that time).  If another growth spurt emerges, I think it will be catalyzed by additional purchases from this cohort of users who actually learned about bitcoin during the November media blitz.