The fact that:

OP has yet to reveal the secret message
OP has posted bearish sentiments
Price has continued to go up

means that OP is an idiot.

set sell orders at key gain points. divide your btc holdings into 5 groups:
+33% gain
+50%
+100%
+200%
+500%

or however you want depending on how bullish you feel. Place the sell orders, and come check on things in 4-6 months.

Fewer exchanges = bottleneck on supply = less supply per unit of demand = higher prices ? (just speculating here)


Also, the bubble/crash may not have been nearly as severe if it wasn't coupled with rampant DDoSing of MtGox and other exchanges--it may not have popped at all, we'll never know.

In my own case, I bought in during the previous rally at 57, and didnt sell before the pop. I bought at 57 with the hope of a 500-1000USD bitcoin. So to me, seeing the bubble go to 266 as rapidly as it did, drop to 50ish, and then continue on up to 120 (now) is to me a bullish sign. It shows me that I'm still in for a reasonable low, and it shows me that the entirety of the bubble wasn't just a pump prior to a dump...people are very willing to pay 100+ values for a bitcoin, and are making money doing so (if they have sells set in on the way up, as i do this time considering i didn't sell before the crash).

I'm pretty sure everyone and their brother and their grandmother will be dumping as much money as they can muster into BTC if it goes even a cent under $50. Sorry mate, you missed your low buy-in. Better luck after the next bubble pop.

Here's a fundamental problem with the "classic bubble" chart: It depicts the entrance of fundamental investors as the second phase in the process, but did we ever really see that? I mean, you could define people who entered in the $2 to $32 range as "fundamental investors" based on the timeliness of their buy-in, but REAL fundamental investors have only started entering, based on reports of that Spanish hedge fund for example.

So if we are just entering the fundamental investor stage recently, that means we are looking at the wrong side of the chart, and the bubble peak will actually be over $5000 USD

Episking- will sell ya 4000 BTC for a cash to bank deposit at 4% above gox-last in OTC market without having to wait a month+ to be verified at gox

Perhaps the company itself would use bitcoin as a tool to transfer funds internationally, and as a result cut down on their overhead so they can put more money in their own pockets while charging customers the same fees?

http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/

aaaaaand....speculate!


http://mashable.com/2013/04/02/western-union-bitcoin/

http://online.wsj.com/article/SB10001424127887324493704578431000719258048.html

A circle on a graph saying a rally is short term memory and greed, and you insisting that we are in a bear market, does not create the reality that we are in a bear market. The price went down into the 50s and met an incredibly strong support, and that support has followed the price all the way up into the 90s. People saw that bitcoin has the potential to be $200+, they saw that is has crashed in the past and recovered. The mindset now is get in cheap because whether it goes up tomorrow or a month from now, its going up. Sorry you missed the cheap buy-in point, but its not too late to get in for you

buy low and sell high. learn how to do that and you can just day trade like the rest of us, without stealing people's money for nothing

Mr. Goxachev, tear down this wall!

OP: thanks for buying my expensive coins, and thanks again for selling me your cheap coins. always appreciated!

buy low, sell high

why so angry?

nice list of points. it should be noted that the wall at 70, which I believe is currently holding up the current price, is the work of a handful of people (all of those buy orders appeared together over a few minutes), and when that person/people log off for the day where ever they are (canceling their buy orders if they dont actually want them filled, and I believe they dont or there'd be a lot more volume via market buys), then the price will drop back into 60s range.

in my opinion, bitcoin prices are currently at the top of the barrel and bottom of the basket. we will see price go from out in right field to the midst of the crowd very shortly. more longterm, look for a reproducing whale with a speech impediment, its a very swedish sign and could mark the end of intraday vulnerability.

the "price" of BTC is determined by exchanges that all combined might see 400k/day on panic days. there are over 11m BTC in circulation. ie, these folks have no idea what theyre talking about. i will sell them expensive coins and buy their cheap coins and thank them kindly.

i have buy orders spread from here to china. and sell orders spread from there back. i am eBrluaBl (an exact and equal mix of Bear and Bull, in no particular order)

I am up 1200% since yesterday by following arepo's posts

i have never sold my btc for fiat, only ever bought goods and services.