Quote from: cypherdoc on October 22, 2011, 03:39:05 PM

just to reiterate and update Fridays action in the REAL economy of stocks, commods, and bonds which i'm sure most of you here don't follow as closely as i do:

1. stocks rallied big and broke up and out of a bear flag and look to rally for months.
2. US Treasury bonds continue to be sold off unleashing HUGES sums of USD's looking for a new home.
3. commodities like oil, gold, silver, and miners took off as well.
4. the USD took a big dump meaning leverage has returned to the markets in general. IOW, speculators are borrowing or shorting USD's to bid up investments of all kinds.

what professionals call this is the return of RISK ON. which means all speculative investments like Bitcoin go back on the table and are targets of speculative froth. its not surprising to me that we're seeing this 50% rally right now. it makes total sense. if you believe in Bitcoin, you should buy it now b/c there are plenty of others right behind you. and they don't just come from the smallish Bitcoin community that we have here and that most of you assume are the only players in this space.

that huge bid wall thats following the price up is REAL.

I seriously doubt enough people will be attracted to bitcoin to sustain any kind of a rally, not to say anything of reaching new highs (or even $5, and certainly not $10 again), now that the project has been sufficiently humiliated. It's just not going to happen.