Quote from: zby on October 27, 2016, 07:36:52 AM

On the other hand remember that the markets can be irrational longer then you can stay solvent and that this irrationality happens in both ways.

I tend to follow the advice from Soros - "When I see a bubble forming I rush in to buy, adding fuel to the fire. That is not irrational."

How is a 30 degree upward slope for the past 1.25 years irrational?

Quote from: iamnotback on October 27, 2016, 06:36:04 AM

The bubble ensues next and it curves up higher slope to rocket to ATHs after surpassing the cup & handle at $800ish.

We may get some resistance at $800 and so maybe not until next year for the ATHs. I am nearly certain we will push to high $700s before Xmas.

Remember Bitcoin is another way for wealthy Chinese to get their money out of their debt crisis and country. A liquid diversification.

See any familiarity with the above chart and the typical one for new investments: