Quote from: NotHatinJustTrollin on March 01, 2015, 10:39:03 AM

Quote from: molecular on March 01, 2015, 10:36:24 AM

Quote from: JorgeStolfi on March 01, 2015, 09:15:16 AM

Quote from: rolling on March 01, 2015, 08:59:56 AM

1. I am not advocating buying at the top of the rally, I am advocating buying right now. When it goes past $500, you are probably too late.
2. $10 million is nothing to hedge funds, retirement funds, etc. There will be be buying pressure right after the auction and long after.
3. People are going to be sick that they missed out on buying bitcoin at these prices. My advice is to buy what you can afford or forever regret. You are lucky to even know what it is at this point.

Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$. The latter think that the changes of it being worth more than 1300$ anytime in the next few years are much less than 20%.

You're forgetting the large group of people who do not think about Bitcoin price at all.

Like the folks on r/bitcoin who scream "to the moon" during pumps but argue that "price doesn't matter" during dumps?

No, the people that are just not interested enough to care about Bitcoin at this point.