Bitcoin Forum

There seems to be a push to the up. Could be because of many pro factors.

However the real question should be, how many of us "early" adopters will ride out the wave to the new plateau before hedging their "bets"?

What are your thoughts on this?

not many

and these are the professional strong hands that won't be shaken off the Bull as easily as the kid geeks.

I will. I'll be riding it all the way to the top. =)

a few days ago someone dooming & glooming about the prospects for bitcoinica was predicted that the really big bad super manipulators would be soon arriving on the scene & sniffing around it's skirts looking for big kills, killing it included, well if so first they'll need to build up a hefty war chest of Btc - maybe $500,000 worth I'm guessing so to expect price goodness until they have amassed enough to launch an all out Bitchaos & I expect that there's more than one mega player who's joined the table since xmas/new years party networking & the volatility once they start to spar may be extreme, I doubt though that they'll be able to get fully loaded without first pushing the price up to about $9

That's a very good thing if it's true.

The act of buying up all available resources is a tried, tested, and true strategy.

At first the seller is left with optimism “Wicked let’s buy back at lower rates”. Rinse repeat, Right?

This is because the “buy low sell high” strategy works well if you do not have to contend with "new blood” entering the market.

However if new players have deep pockets and a need to acquire some traction on their reserves, those that "cashed in" their winnings, will find it costly to get back in at a later time.

I just hope that these new players are introducing a new startup services that will primarily use Bitcoins for their transactions.

Perhaps this recent uptrend is a precursor to the padding of their Bitcoin reserves. This in turn will help mitigate the potential flood of demand that their new enterprise will bring.

Really you shouldn't worry about how much of my investment so far I'll hold on to, but how much value I (and others to a much larger extent) are going to produce and lock up as coins.

I'll sell enough at around $120/BTC to pay off my initial outlay.

The remainder would be a nice number (in a Bitcoin-ish way) which I will sit on until I need the capital...likely for decades.  Possibly a suitable investment opportunity for my stash in BTC form will materialize (e.g., lending for shorting operations or backing more user-friendly and politically palatable crypto-currency solutions) in which case I may put my stash to work.

I retain a certain amount of USD at my exchange.  If/when I choose to patronize a merchant using BTC or make donations to an organization accepting them, I'll convert as needed.