Quote from: arepo on January 05, 2014, 03:23:47 PM

Quote from: JimboToronto on January 05, 2014, 03:20:11 PM

Quote from: DieJohnny on January 05, 2014, 03:01:26 PM

I am not sure we have even seen full bear capitulation yet.... it is coming

This reminds me of last July when some bears clung to their hopes of $30-50 coins (or even cheaper) and predicted "no triple digits for 2013" as the price moved steadily upwards after capitulation at $66.

Get over it. Capitulation was at $455 this time around. It's time to move on.

Sure there will be dips and panics (like the Satoshi Dice sale or Silk Road bust) but the uptrend is on.

this is simply false. there is a window of opportunity based on the classic bubble pattern about 3 weeks after the period of low volume right before the upwards correction. we saw the consolidation with low volume, and now we're seeing the upwards correction. the greed of short-term-memory-impaired traders will drive us to some ridiculous high (but fall short of a new ATH), the trend will exhaust, and the failure to break up towards a new ATH will spark a short, sudden, high-volume capitulation. where, in terms of price, this will take us is a much harder question but the fact remains that the price environment is begging for it.

--arepo

Like i said we haven't seen full bear capitulation yet. Arepo and others will eventually spend all their fiat, my guess it will be when we go past 1250 to 1350 in a single day.