To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).
if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159
you just need to look at the naivete of the posts on this board to know this is a sucker rally.
"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."
good luck to all the future bitcoin millionaires :-)
I know the guy is arrogant but he is right, I hopped out at $137 on the way up (no lag on the Gox at that stage). Guys, a few of you are gonna learn some harsh lessons but trust me it is better long term that you do. I do think this has a future as a currency but I am not interested in trading it long term to be honest. For a start, as a few have pointed out, the trading platforms are useless.
I just lucked into this rally cause I only use bitcoin for 1 purpose and had a few stocked up so I didnt have to keep depositing all the time ... then ... kaboom!! ... fortunately for me I have been in equities for about 7 years so I recognised the pattern straight away.