Quote from: San1ty on November 14, 2013, 05:54:47 PM

Quote from: Nightowlace on November 14, 2013, 05:47:06 PM

Quote from: NamelessOne on November 14, 2013, 05:37:18 PM

Quote from: Nightowlace on November 14, 2013, 05:19:14 PM

Quote from: Pruden on November 14, 2013, 05:06:53 PM

Quote from: Nightowlace on November 14, 2013, 05:00:07 PM

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

Ok

I'm sorry for speculating. I forgot right now this board is just for high fiving and reiterating the media hype. Now it definitely feels like March/April

Lol, butthurt much? He just made a valid point and you immediately get all defensive.
You are blatantly wrong in your comparison, it might correct severely anyway but this isn't like April at all.

Now cheer up, silly bear!

I think if CoinValidation gets any kind if support, which hopefully it won't, it would take Bitcoin value down by a few hundred.