Head and Shoulder formation in BTC

On the plus side, Gox's price is now in sync with the rest of the exchanges... Maybe that's what caused the selloff, somebody selling a shitload on Gox....
 
Hoi said:
It's just an technical reaction on some bad news from Gox and Russia... nothing fundamental: all the nice prospects of Bitcoin (currency and protocol) are still valid for a bright future :)
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Russia banning bitcoin isn't fundamental? I think you're in the wrong business buddy. Take your blinders off.

BTC is beginning to turn into a crazy cult. You guys and Heaven's Gate are beginning to show some scary similarities.
 
athlonmank8 said:
Russia banning bitcoin isn't fundamental? I think you're in the wrong business buddy..
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Yes, indeed: that isn't fundamental, as it doesn't change Anything about the sunny prospects of Bitcoin's invention: It's protocol {a decentralized P2P Ledger with decentralized Faith}. Meaning that it isn't stoppable by centralized organizations (like governments).

Sure: for traders, who stepped in to get a quick buck without understanding anything about Bitcoins-protocol....well yes: banning will have a temporally negative effect on it's price. But most of us investors (not traders), who done their homework, understand very well, how great this invention is and how this will be worth a lot.

You "buddy" have yet no idea were I'm talking about but in time you will learn as well. Just as many naysayers before you are turning one by one. This website for instance "The Motley fool" published quite a number of anti-Bitcoin writings, but slowly they seem to see the light in this last piece:
http://www.fool.com/investing/gener...nging-uses-for-bitcoin-that-have-nothing.aspx
 
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