Speculators like nothing more than times like this.
Then why don't you pile in and go long Bitcoin, Herr Speculator?
This past few days I observed gox hit rock bottom at 300 and reverse. that's what it looks like, and that's what it looked like in july with 66. when its just smashed against the same level for 3 days with a slowly increasing support and theres one guy dumping relentlessly on high volume and another guy using a stealth pattern to accumulate an unlimited amount of coins. I have no idea what this means for the rest of the market trading at 650 though.
Leave MtGox to one side. It is a silly place.
On Bitstamp in July 2013, there were 6 days when Bitcoin could have been had for less than $70, and it looked and behaved undeniably shit for around 2 months prior to that.
On Bistamp on Feb 8th and Feb 12th, there was a 2 minute period, and then perhaps a total of 60-90 minutes, where Bitcoin could be got for around $570 or less. Outwith those flash crashes, Bitcoin has been in either $700s or $600s. Bitcoin also behaved undeniably shit for just about 10 days prior to the first of these flash crashes, when $765 support was breached and break-down from wedge confirmed (you could argue that the whole $765 support wedge was Bitcoin behaving shit, but plenty people here 'expected' break out from there.....not me of course).
These two bottoms, are two very different kinds of bottom, that much is clear. The recent double bottom, which has lots of bullish indications about it if not for the time in the market phase when it occurred has shown far too much buy pressure and far too much resistance to sell at these lows which resulted in the buying pressure pushing the price dramatically northwards and shows that there is probably still too much positivity left in the market for $540 to be the double bottom of the bear trend reversal. In July 2013, there was a huge amount of volume relative to the time, yet the price remained relatively stable around the bottomed out price range over a (in Bitcoin terms) long period of time.
How rich for someone who thought same and sold his Bitcoins at 10$ piece.
I wasn't speculating in Bitcoins back then. To me, Bitcoins were a form of online currency, that I used to make purchases with. I was using $10 BTC, and considerably cheaper than $10 BTC in the market place, helping to provide Bitcoin with an economic backbone and thus enabling parasite leech fucks like you to get in nice and early on the Bitcoin pyramid scheme hoarding game. Providing nothing of value but just sitting there sucking up the wealth of the later arrivals.
Back then, I subscribed to the gold bug fight the bankers paradigm and would have held even if Gold hit $5000 and Silver hit $500, like all the internet gold bugs and silver stackers were assuring everyone that they would. It took a long time into the metal's bear trend for me to stop believing in all the bullshit stories and finally admit to myself that I was only going to lose value on these investments. I have learned my lesson from allowing myself to become emotionally attached to investment vehicles. You haven't and one day you will be punished for it. Indeed, you have already been punished. You are already down around 50% of your net worth compared to Dec 2013, but you have much harder lessons to come yet.
. And you just keep talking your theories, that will send you very far 
