It might break past $30, but I'm pretty sure it'll smack down hard not long after that.  We won't be over $30 for very long.

+1

Man, there is seriously a flood of money pouring into the system right now.  There's never been a better time to sell thousands of BTCs if you have that many.

Finally, Half Life 3!!!

The bid side of the MtGox order book has filled back in to $3.5+ million, which means the market can sustain more dumps for large holders who want to cash out, say, above $20.  I expect we'll see more dumps.

Hopefully the sellers can keep things in check for a few months and add some supply volume.  This thing needs to cool off for a while.

Anyone who doubts the futility of the martingale strategy should hop over to BitZino and play roulette.  Using 17BTCs you'll be able to go 15 doublings deep (your account defaults to mBTCs).  That's, what, almost $500 right now.  You will get wiped out eventually.  If you don't believe me, try it.  Or, just go read the BitZino thread.  15 consecutive losses isn't that uncommon.  Ok, so give yourself more room.  Just to be safe allow yourself 20 doublings.  Well, now you're at 524.288BTCs (almost $15k).  That many losses in a row isn't unheard of, and that's an awful lot of money to wager when if you get 21 losses in a row you're completely wiped out.  Hopefully you see where this is going.  You might be able to make some money if you can go 25 deep, but, uh oh, that many BTCs don't even exist right now.  What's worse is that you'll never even be able to go beyond 25 deep with BTCs.  If you use mBTC you can go a little further and μBTC you can go further still, but your gains will be so small compared to how much money you'd need to put in to protect yourself against really unlucky, but possible, losing streaks that it's just silly to even try.

Adam will win.

You rang?

There's a whole lot.  Notice that as tens of thousands of bitcoins were getting sold, total number of BTCs on the sell side of the order book didn't change much at all.  Those BTCs weren't from the standing sell orders, they were from the people keeping their BTCs off the book, and there's a lot more where that came from.

Haha, u2u3 is totally messing with you guys.

I can't watch.

The top, we finally found it!  Yes!? 

That's not what I was referring to.  I'm referring to the fact that making large walls can be useful at manipulating the price one way or another because they're given a lot of attention here.

What's funny is that this thread is part of the reason bitcoin is so easy to manipulate.  Wall watchers watch walls to see if they mean anything, therefore, they mean something.

Yeah, I agree.  I think we've finally seen the top for 2013.  About time.

I'm so scared of the coming correction. 

WTAF?  Stop buying for a minute.

Same.  I woke up this morning completely baffled.

FFS, where is all this money coming from?