Quote from: crazy_rabbit on April 12, 2013, 12:10:14 AM

Quote from: thoughtfan on April 12, 2013, 12:06:29 AM

Quote from: DougTanner on April 11, 2013, 11:49:59 PM

Quote from: yokosan on April 11, 2013, 11:45:25 PM

Quote from: BitcoinAshley on April 11, 2013, 11:40:47 PM

Quote from: DougTanner on April 11, 2013, 11:34:12 PM

Quote from: thoughtfan on April 11, 2013, 11:28:43 PM

Quote from: DougTanner on April 11, 2013, 11:25:09 PM

What the hell is suddenly causing all the exchanges to rise?!

I totally missed it because btccharts was down for like 30 minutes before I noticed.

That there wasn't really a fundamental cause for the price to fall so far in the first place?

Seriously, people selling coins at $50 was a bit out there.

I concur. Once the idiots realized they were just being panicky idiots, they started buying again... only problem is, once you've sold at $50, it's a little too late Grin

It'll be a while before they see gains again.

Please stop living in 1 hour timeframes, this is an obvious bull trap. When Gox opens we are going sub $50 for at least 3 days, give or take some wild volatility.

I'd be reluctant to assume too much on that front. $90 to $120 is by normal standards a massive jump to expect to happen in an hour and if it does happen it's not a very solid basis for a bull run. I have to conclude I have no idea what is going to happen in the next few hours - but I have no plans of going to bed for some time (it being 1am in London)!!

I'm not so sure, the price was going up from $120 before Gox pulled the plug. And the other exchanges are now recovering that the most-panic-y people have sold.

If the other exchanges are back to $120 when Gox opens, it's going up from there IMHO.

What does everyone else think?

The truth is people panicked because there are a lot of new users who were in for a quick profit and don't think of the long run. The rest of us sold because we thought "Oh crap, it goes down and I will buy in more!".

I went out for beers with $50 buy orders and I come home to find they have been filled. Weak hands to strong hands indeed.

Yeah, I sold at $225/$170. Just filled a $50 buy order myself on Bitstamp earlier.

I was expecting to wait a few months for it to get to that level.