Quote from: okthen on March 10, 2015, 07:11:36 PM

Quote from: billyjoeallen on March 10, 2015, 05:16:20 PM

Quote from: cypherdoc on March 10, 2015, 04:12:52 PM

Quote from: RodeoX on March 10, 2015, 03:58:22 PM

It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.

Or maybe you have another strategy? Do tell.

i think that's a bad idea given that the historical ramps have been on the order of 10x.

+1 ^^this^^

it's understandable that people have forgotten how crazy high it can get after a 14 month bear market. Remember all it takes is 0.2%of world population to decide they want just one bitcoin each, and it would be impossible even at $1 million/bitcoin.

I think what's strange is the fact that it's happening so fast and right after capitulation, thought we'd go sideways for a while first

I'm thinking this is because the correction down from $1200 -> $200 was too much, and the market is oversold. BTC's value after everything that improved in the infrastructure since summer 2013 means it probably belongs at a value quite a bit above $200.