And then you spend all your coins pre-paying Monarchs from BFL. 

Or, if you opt for staying outside, gather some pals and a backhoe, and start a gang of robbers specialized in digging up and re-selling fully equipped survivalist shelters. 

And don't forget the zombie rottweiler on leash, to keep away the shotgun-loving robbers

Thanks!

(What was that quote, "insanity is doing the same thing over and over..."?  )

What was that?

Why would they stop there?   

AFAIK CNY withdrawals via bank transfer are stil working.  CNY cannot be deposited by bank transfer, but Huobi apparently still has a rechargeable card system, and OKCoin had brokers who could move moey in.  There is no rstriction on BTC deposits or withdrawals.

But my impression, from the last CEO interviews I have seen, is that the long-term situation is not good, and they may lose even those limited CNY input chanels that they still have.  Hence their decision to open "international" branches.

Bots are people, too!

No, the Chinese are not "out of bitcoin" yet.  They may be getting out a bit now, and that may be why the price had a tiny correction over the last week, which you may have noticed.  When the Chinese will really get out of bitcoin, the price will probably drop to 100$ or less.

Every civilized society has felt it necessary to have police, courts of law, and prisons -- and laws that say that fraudsters should be denounced to the police, criminally tried, and sent to jail for a long time.  Will bitcoiners now understand why?

Agreed.  But you cannot assume that the bad image of bitcoin is due to "ignorance".  To believe in its ultimate success one must believe in several premises, that, in most people's exerience, are quite unlikely...

But one cannot hope to understand why the price is falling now without knowing why it went up from 450$ to 650$ on May/20--Jun/10.  So far, this crash is merely undoing that rally.  However, when th eprice goes up everybody says "I don't care why", or "that's bitcoin", or give some TA non-explanation, or engage in wishful thinking that it surely is "the next bubble".

The last bubble was due to the opening of the Chinese market, and most everything that has happened to the price since then is clearly due to events and rumors that are relevant to China.  There will not be another bubble without the opening of anotherm even bigger market; where is it?

There is no obvious explanation however fror the May/20-Jun/10 rally.  That does not mean that there was not an external cause, only that we do not know about it.  From the way price moved, it looks like a few Chinese traders went on buying sprees, one at  a time, mostly in that 20-day period but also in the next 2 months.  My guess is that they got inside information of some future positive development, that prompted them to buy.  But now that expectation has somehow deflated, so they are dumping what they bought. 

Perhaps they expected the international versions of Huobi (BitVC) and OKCoin (OKCoin.com) to start a new bubble (rather disappointing so far).  Perhaps they were XRP owners who heard of Jed McCaleb's plans to sell his billion XRP, expected XRP to crash, and rushed to exchange theirXRP for BTC; only to undo the switch now that Jed struck a deal with Ripple.  Or, conversely, perhaps they were people who wanted to buy Jed's XRP, and stocked up on BTC for that.  os osmething else.

Thanks for the compliment and the advice.  However, if the current crash does stop at ~450, I will find it very hard to keep my ego from spilling over in the other threads.  

Oh well, another day, another post of mine deleted from the official AMT thread:


And bitcointalk.org continues to provide the kind of superb service that scammers have come to expect of it...

I can't know how much that property is worth exactly, but anyway it is a nice architecture and should be great to live in, for the next couple of centuries, when fully restored.

No matter what happens to bitcoin. 

  Yace aquí el hidalgo fuerte
que a tanto estremo llegó
de valiente, que se advierte
que la muerte no triunfó
de su vida con su muerte.

   Tuvo a todo el mundo en poco,
fue el espantajo y el coco
del mundo, en tal coyuntura,
que acreditó su ventura
morir cuerdo y vivir loco.

  Here lies the strong nobleman
who to such extremes reached
of valor, that it is said
that Death did not triumph
on his life with his death.

  He cared little for the world,
he was the scarecrow and the clown
of the world, to such an extent
that he believed it was his good fortune
to die sane and live crazy.

I have not seen any menion of it.  It should be all over the place if he did, I expect.

You mean Japan, where MtGOX so eloquently demonstrated the Power of Bitcoin? 

The rest of Asia had known bitcoin for years.  Why haven't they bought like the Chinese?

Perhaps because they are more tech savy? The few articles who bothered to look for Chinese BTC investors cleimed that they were mostly amateur commodiites speculators. Perhaps in other Asian countries Bitcoin is banned, or people have better options for investment and speculation?

(BTW, someone told me that Singapore had a big role in bitcoin's price history.  Does anyone konw what he may have been alluding to?)

My reading is rather that the "Western" marked defined the price a year ago, but then China took over, so that now the only news that move the market are news that affect the Chinese traders.   

Adoption by western businesses is irrelevant to the Chinese.  (Not to mention that it is BAD news, since it should mainly encourage old holders to sell their coins, through Bitpay/Coinbase, whereas non-bitcoiners should not be impressed by it.)

I have no doubt that the rise from ~130$ to ~1200$ was entirely due to the opening of the Chinese market.  And the Chinese may have been responsible also for the rise from ~15$ to ~130$ in early 2013, that coincided with the hiring of Bobby Lee by BTC-China...

I hope that the Trezor's warranty was carefully written with the help of smart lawyers, so that the company is not held responsible for damages arising from bugs, theft, mishandling by users, hardware and software failures, internet prolems, or problems in the bitcoin network.

As I said before, while keeping your private keys in the Trezor is much safer than keeping them in your laptop, your bitcoins can still be lost or stolen in a number of ways.  Since there is no limit to how much BTC one can store in a Trezor, there is no limit to the amount of BTC one can lose from it.  To forestall potentially disastrous lawsuits, the Trezor management should make sure that clients understand this fact, and that they will have to accept those risks.

FOLKS, you have seen the CEO's "curriculum vitae".  His associates and employees have seen it too, and yet they are still working for him. What do you still expect from them?

Indeed.  Now those of you who are still buying bitcoins will have many more opportunities to pay for the Winlevosses's purchases.