Quote from: humanitee on March 24, 2013, 06:03:34 PM

Quote from: Ploo on March 24, 2013, 05:56:26 PM

Quote from: humanitee on March 24, 2013, 05:53:42 PM

People who sold in the $50's = grade A morons.

When will this panic selling trend end? You'd think people will have learnt by now yet it keeps happening. Rapid dip down, rapid rebound as people close their short positions while there's still ridiculously cheap coins available. It's always the same.

I don't know. I'm as surprised as you. I was busy as hell yesterday and only saw the graph shortly after the $52 mark was hit and I told my friend who immediately went on Coinbase and bought.

Quote from: Herodes on March 24, 2013, 05:58:48 PM

Quote from: humanitee on March 24, 2013, 05:53:42 PM

People who sold in the $50's = grade A morons.

Would you've said the same if we were now trading in the low 40's ? Aftertiming is after all the biggest science of man. Although everything looks good, there's no guarantee that we in fact will have a big sellout, that will trigger more sales, and lead to a state were people seriously think we're having a crash, and thus acellerating said crash. Although, it admittedly seems that as of right now, there will always be buyers if the price goes low enough. All indicators are pointing up.

When I saw the price yesterday I told my friend and girlfriend those people are fucking idiots. I even said last week I could see us hitting $50 because of how overextended the bid side was, but there was no way in hell we were going lower. Volume has been epic up to this point. Every person who bought all the way up from $17 is gonna be defending these prices so long as the demand remains high. Did you not see every foreign Bitcoin exchange going above $80 last week? That's what makes me comfortable with these prices. People are willing to pay much, much more, in increasingly larger volume.
"LOL Sell coins at $50 when others are paying $80"

How dense are people?

edit: Just saw the number of Mt. Gox tickets:

And this quote from tux: "Just checked the queue, there are 5500 accounts pending verification at this very moment."

Now I'm thoroughly convinced they are grade A morons.

Its hard to get June 2011 and August 2012 out of the heads. Also, Bitcoin is a high risk asset, it can trigger stop loss orders extremly fast. Hard fork? NSA playing satoshi dice until the network collapses? A lot of questions. How much profit since the beginning of the year? Shit. Volatility? fuck. A currency? lol, maybe tomorrow. Insiders? Open your eyes. This bull run can go on for years, no problem with that. Don't be suprised when your savings are cut in half or worse. We probably can't react in time, in case of protocol failure or major attack. Until then, we can all insult proudhon^^ And make bull petting cypherdawgy-style^^

Fundamentals are very different compared to last year. bla bla bla
I go for $100/BTC within a month.

(I have no glue, if my english works here )