Quote from: billyjoeallen on July 06, 2011, 10:05:56 PM

Quote from: 5grainsilver on July 06, 2011, 09:39:37 PM

If this was tradeable I would short below 14.50 looking for a retest of the recent 11 low. Should break by the end of the day. 14.50 that is.

Your ignorant wild-assed guess is as likely to be correct as any other. I actually hope you're right as my damn Dwolla deposit hasn't dropped yet.

Gretzky said the secret to his success was not in skating to where the puck was, but to where it was going to be. Bitcoin entrepreneurs make assumptions about future demand for Bitcoins. We communicate these assumptions in our purchase and sale decisions. When those assumtions turn out to be useful information conveyed in the form of prices, then we get paid. When we provide inaccurate information, we get penalized.

Bitcoin will become valuable because the problems are fixable and being fixed. If I waited until they were already fixed, I would have to pay more.

You could very well be correct. I hope it works out for you.