Looks like its about to happen.

[...]

Unfortunately, price bubbles are by their nature unpredictable. You can safely make a general prediction that the bubble will burst, but it is difficult to predict exactly when and at which price it will happen.

My personal guess is that the bubble will burst within days, but I have to admit that it is only a guess and that I cannot preclude that the price will go up to $200 first.

In retrospect my "personal guess" was pretty good. The bubble did burst within three days. It actually did go up to $200 and beyond even within these few days, but fell back steeply, as expected.

It is good to check one's predictions later to hone the predictive skills, something every successful speculator probably does.

Quote from: hgmichna on March 07, 2013, 02:36:43 PM

Quote from: barbstap on March 07, 2013, 02:14:56 AM

currently rates are too much fluctuating
what you suggest personally
as i don't have inner knowledge of btc
so i am not sure to hold btc or sell them?

Right now? Sell.

What we just saw and are still seeing is the second big bitcoin price bubble. It is now in the process of bursting, so we will see the bitcoin price essentially shrink over the next couple of months.
[...]

Cough. Price ~$40. Tongue