On the weekly chart we are just now starting to see the kind of growth that characterized mid to late March. (33% now vs 35%-46% then)
If things play out the same way now that they did then, we've got about 3 weeks left before some major exchange melts down and causes a panic.
In March, we went +55% in 4 days from 47$ to 73$ :If things play out the same way now that they did then, we've got about 3 weeks left before some major exchange melts down and causes a panic.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2013-03-18zeg2013-03-21ztgSzm1g10zm2g25zvzp
In the last 4 days, we went +59% from 169€ to 269€.
Wow, you may be right, maybe this bubble WON'T pop! (right now) I should have checked previous bitcoin increases more thoroughly...
Well, I guess in that case I'll just diversify into gold and silver with those "useless" € I just got trying to sell at the top...
Add to my math, but keeping it simple. If we do 266(top)/73 = 3.64
Then we can say X/269=3.64... X= $980
Is that our top?
I have to say that's the top I have in my mind. My initial plan is to realize some profits at $700, and some more at $970. I mean... x30 profit on average is good enough to cash in some fiat for me. But I will keep most of my BTC stash for the long run
Brother Rampion, hope you are well!
You bring up a great point. I really wonder about selling some at 700 ish (to make up for my initial investment, or maybe 1/2 of it). Then just watch the next 5 years unfold.
Now, when BTC goes to 10,000 dollars, that is when we need to start giving away BTC's to organizations to change the world. Just think of what Satoshi could do there...
Remember, this is a disruptive technology, let's disrupt.
IAS
ps - Yes, the mining investments were bad for me too. But, we will still make our money back at higher prices, so just look at it as a hobby that pays for itself.
Like the perspective you put things in. Im proud of being part of this.
Lets disrupt. GO black swan
There are for sure smart investors here. But the basis of what BTC is, is about what Satoshi said. The banking system is corrupt. They profit from: war (killing), from the drug trade (Wachovia and HSBC laundered pretty close to a TRILLION I believe), from the drug war, imprisoning people with debt, etc.
Many BTC'ers represent what BTC itself represents, naturally. Good news for planet Earth.
BTC stands for something and those of you out there who have lots, I really hope you help to change the place. We have that power, just need a bit more time.
And the Universe just loves those that take chances on life. It opens doors for you. (Think Terrence McKenna said something like that before.)
IAS
===OMEGA POINT=====
Hello, BTCwall at /\$512ish in my BTCitcoin camp!
Eye drool
