Some posts:
choo choo
If this bubble can reach $1k, will it promptly create a crash from all of the sellers at that price point? Or will it begin much sooner ($500)?
Here's a "back of the envelope" theory:
Base to Peak ratios
Bubble 1: $1 to $30 (30x)
Bubble 2: $13 to $260 (20x)
Bubble 3: $120 to $1,200 (10x)
Bubble 3: $120 to $1,680 (14x)
Actually they are not Bubbles, technically they were a run on the Bitcoin Bank, and what we have today is a lineup to deposit into the Bitcoin Bank. (given we don't charge interest, there is a market based enter fee for depositors, given the utility and limited supply.)
Bubbles pop, and mismanaged banks go bankrupt and there "customers" panic.
Bitcoin looks as strong as a bull and like it's here to stay
I'm starting to freak out a little bit... Take a look at the asks in all markets, a few K's until 300, then NOTHING.
This means that if we break 300 and NO new BIG whales appear there is no support at the top, we could repeat what happened in april, more than doubling in one day (from 300) and then...
and then...
Either some early adopter coins come out of cold storage and appear on the exchanges, or else we enter a phase where the only coins available for purchase every day come from the newly-mined coins that miners choose to sell.
Somebody is trolling...
[16:37:47] is it true mt gox ran out of both fiat and btc?
[16:38:01] <+SarahCoinBit> mtgox646: We are not having any type of funding issue. The coins are there in limbo
[16:38:20] <+SarahCoinBit> chaang-noi: We have not ran out of anything, nor is this a cold storage issue
who run out of what now?
lol
Can't take out FIAT, nooo BUY BUY BUY !!!
Can't withdraw BTC, ahhh SELL SELL SELL !!!
Being Goxed both ways ...
This is getting absurd. I don't mean to say that Bitcoin shouldn't be going up, but what I'm seeing goes something roughly like this:
Step 1: OH SHIT GOX IS RETARDED! (*Dip/crash*)
Step 2: Why did we sell when we can only withdraw coins! (*Huge Rally on Gox*)
Step 3: Woo, I'm on Bitstamp, gox is rallying, better buy before we follow! (*Huge rally on other exchanges*)
Step 4: Yay, other exchanges are now roughly equal to gox, Gox must have fixed! Yay! BUY! (*Slow buys happen*)
Step 5: OH SHIT GOX IS RETARDED!
if people weren't damn weird, we should be permanently on Step 4. ~.~