Quote from: BitPirate on November 25, 2013, 10:29:01 AM

Quote from: gandhibt on November 25, 2013, 10:25:46 AM

Quote from: BitPirate on November 25, 2013, 10:17:47 AM

Quote from: Coinseeker on November 25, 2013, 10:10:36 AM

Quote from: MahaRamana on November 25, 2013, 09:54:10 AM

Quote from: Coinseeker on November 25, 2013, 09:41:56 AM

Quote from: MahaRamana on November 25, 2013, 09:31:57 AM

They said : "bitcoin went too high too fast, big bubble danger, stay away"

That's pretty bearish, especially if you believe China has been leading this huge rally to near $1k. Hmm...not going to say it's time to sell but this certainly isn't a good entry point.

Bitcoin is currently not sustained by people who are influenced by mainstream media. Even in China. So I don't see this as bearish, it only reflects where we are at right now. The media is right to warn people, but the intelligent person knows that the media more or less doesn't have a clue.

Is this a serious comment? Where do you think new money learns about Bitcoin? This certainly isn't your earliest adopters buying BTC up to $900. Roll Eyes

The vast majority of our friends (not techies or by any means "early adopters") were not interested in investing at $60, they were bored of us and our Bitcoin rambling.

Now that we're at $800 and Bitcoin is in the media, they are desperate to buy. If they all do, we will shoot up to $2000 or $3000 -- I absolutely agree with the bulls. However, be careful what you wish for. We may well crash in a blaze of glory, and most will be burned. TBH I have much higher hopes for bitcoin. Something that appreciates more sensibly year-on-year is much more valuable to all of us. $3000+ by the end of next year, for example would be very exciting. $500 and restrictive BTC regulation in China -- not so much.

Don't you see how you confuse your hopes with your predicts of future? Lets first decide where the price might go and then talk is't a good or bad thing for bitcoin. These two are clearly different things.

Sure, $3000 then $50. Most will cash out at the latter.

Or should we paint an alternative picture?

Remember, the pictures are painted by the big holders, not (only) the new money coming in.

How about 50$ and then 3000$.
With me buying at 50 and selling at 3000.
I'm offering you 1btc if the picture is oil based.