I wish I was here for the run up to $266, because I would love to know how long traders on here were predicting the top before it actually came.
A lot of people are saying the top is soon and a crash is coming. But, it feels like we are not quite at that epic stage yet.
It feels like either we go down a bit and consolidate for another sustainable run or we keep running at break neck pace until we crash. But that seems like something around or north of $500 at least. Something that just gets wild.
The thing that is throwing me off is China. They are in such a growth curve that either they are pouring massive amounts of liquidity into that market in far excess to what the other exchanges can compete with, or they are going to hit hard and harder a lot faster.
If China continues to widen its lead, if it does have a hard snap back, I wonder if the other exchanges will actually react that strongly to it?
It seems like the exchanges are starting to operate separate from each other.
Agreed. Just so much bullish news, in general, and a much better state of affairs than during March/April. Keep in mind that all this time people continue to buy in to the SecondMarket "Trust". That's interesting for (2) reasons, in particular:
(1)
This is amounting to 10k+ coins being purchased by the trust every few weeks (maybe even every week now)(2)
These coins can only be bought, and not sold (not till the fund goes liquid, at least)I actually think Barry at SecondMarket is a bit of a genius with what he's done with this Fund. He was pretty confident he'd get investors, and the money from those investors was almost sure to help drive the price up, and only further support any rally. The more the price goes up, the more his other "sophisticated investors" catch wind and want to jump in... the more we climb. Barry is also a true believer in Bitcoin, and definitely knows that an increasing market cap will only create more incentive for start ups to jump into the space, only draw more media attention, etc.... it all feeds off itself, and helps Bitcoin reach critical mass.
) will continue to gap so far behind Gox. $20 gap I can understand, but $30+ is inexplicable. 
