Topic: I am going crazy, or is there some serious pumping going on? (Read 1191 times)

It's a mix of speculation and newcomers seeing litecoin as the cheap bitcoin 

Yes, but it is hard to get money on BTC-e to buy cheap BTC and sell elsewhere

speculating bubbles and crashes is no different to me than sports/futures gambling. that's why so far i've managed to mostly avoid doing it. i have to be honest though, sometimes it's just really really tempting.

Although trading seems easy way to increase your BTC stack when looking at historical graphs, many traders loose part of their BTCs, but only few admit it.

So kudos to you

Mt.Gox's price is seriously inflated. You can even buy much cheaper on Coinbase.

Not sure what the deal is at Gox since I use BTC-e, but I suspect there is some serious pumping going on at Gox.

The 2 days I waited might sound like buying in "so quickly" to you, but trust me, when you've traded all your bitcoin just as the rocketship is taking off, every second that passes is an hour of anguish.

Friend just be happy you've got BTC23.5. I've only got 3, but am open to all offers to top up my count. 

that's all but certain to me. there's good news about BTC, it explodes, and then all of a sudden LTC follows suit with no relative news on their end.. that's pure speculation. it still might become fruitful some time in the near future though.

I think that some serious pumping is going on litecoin instead 

it turns out that you made a mistake, but at least you had the balls ato admit it.. i don't know if i would have bought back in so quickly, as i'd feel really bitter about it.

the good side is that you still have 23.5 BTC 

Wanted to give y'all an update.
So I bought back in on Mt.Gox, at $1146/btc. Thankfully, it looks like I had the good fortune to buy in at the bottom of the lull. In doing so, I went from 30.2 btc originally to 23.5 btc currently.

This harrowing experience taught me a few things I'd like to share:

-When you're a bitcoin believer, trading your seat on the BTC rocketship for USD is akin to selling your first born child. It hurts, it's nerve raking, and you only want it back as soon as it's gone
-Don't day trade with a commodity constantly rising in value, the more time that passes, the farther you'll be left behind
-Don't sell your whole stash, the pain just ain't worth the gain

I might never seen those darn 7 btc again, but this lesson might just be worth it. I sure won't be forgetting it.  

As for the status of bitcoin being pumped or not, I am not certain, but I do have a fair degree of confidence that it was during the rise. If past experience is any indicator, I suspect pumpers capitalize on real world events to trigger their inflation. I recall the similar bitcoin price behavior during the last U.S. Gov Shutdown, and the more recent U.S. Senate Hearings. Thanks for the kind words from the rest of you, I was in such a tormented state without my bitcoin, reading your responses helped.  

If you think that some serious pumping is going on bitcoin wait until you see litecoin...   

It's pretty amazing how much every cryptocurrency has increased the past few days. Will this bubble pop if there is big media attention bringing in more people or will it just continue to rise?

I have faith in BTC, will prob take a few hits on the way though but it'll break through.

Now all i need is a few coins :p

hint hint
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I think there is something more going on for the BTC/USD rates to be going up this much.

Gator-hex, thanks for video!

Chill and watch his video, we're all venture capitalists, for once we were allowed into the game early.

Bitcoin 101 Blackboard - Why Bitcoin's Growth is Normal & The S-Curves you don't normally get to see.
http://www.youtube.com/watch?v=qHUPPYzzZrI

I'm in a long term hold position. It's too volatile to speculate. For me anyway.

Never sell everything, it is noob trader mistake 

But Im suspicious of bull trap now, the yesterday big dump corrected so fast convincied me I might be right

Wow 30BTC....

I think you did the right thing, the bubble will burst and when it does buy back in and it will inflate again... Its going up way t fast at the minute