Quote from: niemivh on June 12, 2011, 01:19:08 AM

This almost sounds like a self-bailout from all the people who just bought in at the latest run up. JK.

Heheh. I haven't risked much. I could lose it all and be out a nice lens or two for my DSLR.

Which, I suppose, brings us to another fundamental point about markets: risk and reward are inextricably linked. You could make a killing here, but you could also lose it all. So make your killing with a reasonable amount of initial capital and be happy with what you get.

Quote from: Gandlaf on June 12, 2011, 01:22:52 AM

I´m sorry, but that statement is just plain wrong and missleading! Yes I do believe that the technology behind Bitcoin is sound. This however does not necessarily mean, that the current implementation will succeed.
Firefox was based on Netscape technology and is quite successful. How did that investment in Netscape work out for you?

Not trying to say that Bitcoin in it´s current form can´t succeed, but the statement you are making is not supported by past experience.

You misunderstood my point, and I agree with you 100%. See the first half of this comment - this is clearly a high risk investment.

Quote from: relative on June 12, 2011, 01:25:09 AM

wow. it is worse than I thought. you don't even try to rationalize.

I have enough experience in financial markets to know that technical analysis is well grounded in human group psychology. The pattern of a chart with strong technicals is nothing more than the pattern of a crowd with growing interest in something. What this chart shows is that investment interest in Bitcoin is steadily growing and shows no sign of slowing down on the larger scale.

When you remove all the bullshit, that's what you're looking for in any investment, and reading the charts is one way to find it.