BTC closed 2013 at $880, up 6,636% from $13.26 at the close of 2012. I don't think this can possibly be beaten unless 2014 closes higher than $58,400.

What? He didn't send any miner fee. That bastard!

Is it using gox price?

New paradigm: btc to test ATH after only 6 weeks consolidation.

Does anyone notice a trend where people (mostly btce trollbox) get really excited whenever gox moves, as if gox confirms everything and is still market leader? Meanwhile the volume at gox is 3 times less than that of other exchanges, and nobody mentions the trading at other exchanges including their own exchange with three times the magnitude as that of gox. It doesn't make any sense. When will we decouple from gox?

So bullish long term but bearish short term because the current btc price is a float lockdown play.

I'm just saying people seem overexuberant about the initial number as if it may indicate every day in the future. The CEO even used the term "wow". Will he be adding dogecoin too?

Stop making arguments as if everyone is a long term investor trying to get the most out of a single trade - some of us like to trade the huge volatility swings also. I personally intend to have MUCH more than a 350% gain (to your 3000) by the end of the 2014.

This trend will hold itself in a weak way for another few days probably. Especially with all the news, it could be weeks, or until China takes a shit again (which can always be tomorrow).

Sometimes people (or automated services) need to buy and sell large amounts of coin. Why is that hard to understand? Why is everything a scheme?

This number doesn't really have that much significance. Obviously every bitcoin user is going to rush and make an order the first day to test out the system (or inflate the numbers). But what does it say about sales over a whole year? Or how many new users it'll attract?

Most of the price rise from $110 is due to China. There have been many news items as well but we don't know their effect in relation to China. We do not know what the true increase is if you take China out. Also, Overstock news already caused a price increase in the past, and we are simply finding out now that they have gone live ahead of schedule. So Overstock is already at least halfway priced in already before today's rise.

Because nobody knows what the price is without China. China is responsible for the entire rise from $110. The silk road crash ended when China started buying. There are people who think even that the silk road crash would have continued lower without China, below $110, maybe all the way back to $60. Then China brought the price all the way up to $1250. For the past 3 months every exchange has simply followed the Chinese price like a slave. Now every time there is bad news the price just drops like a rock without any resistance. Then the price recovers because China started buying again - every time. People think "oh now China news has been factored in" but it hasn't. I STILL observe all exchanges following every movement of China like a salve - it is wired into all the bots and the strategies of all the traders - like an automated process. Anyone who thinks China isn't still leading is fooling themselves. So what happens if China is removed from the equation completely? Nobody knows where the drop would end, where real support on other exchanges would kick in, and what the true value is without China. It is some variable anywhere from $90 to $900. It is a mystery. Sure the news adds value but from what basis? Let's say overstock adds $50. $900 + $50 = $950. But also $90 + $50 = $140. Nobody knows so they are cautious.

The positive news right now is like trying to move a train (choo choo). In these images I'll point out how the trend prior to the news was broken and how it resembled the trend in may prior to final capitulation.

The market right now is in a state where it weak, low-volume, manipulated, and spring loaded for capitulation. It takes good news and good news just to keep the price afloat at this unnatural level but every time there is a negative news, the manipulation breaks.

I'm just pointing out a flaw in drawing arbitrary lines on arbitrary scales with no explanation.

So according to this chart we reach $100,000 before 2015?

Try using a chart of any exchange besides gox and see how badly this trend was violated.

Lame. I miss April/May  "2 buys of with a combined volume of 40,000..."