Quote from: Patel on September 19, 2013, 10:24:58 PM

Quote from: vps15 on September 19, 2013, 06:50:59 PM

so who thinks we are heading for a correction or another bear trap now?

To be honest, looks like a bear trap.

If its not, then Bitstamp will probably dip down to the 110's because their is no buying power after that wall up.

usually when it is hard to tell i turn to fundamentals, i came to the conclusion that the rise in price was in part driven by asic demand in the 1st half of the year, people holding off on selling so they could put in their orders for asics and people putting more money into the system to put in orders.

internet was getting swamped with BFL ads

anyway i'm not going to go into my thoughts on this further, but people gotta get an roi at some point to pay for all that hardware they've been waiting up to 1 year for