Great piece! Is the financial press starting to take BTC seriously?

Probably not (yet)

http://en.wikipedia.org/wiki/Stock_market_crash

A dip perhaps - not a crash

Yes it does look thin though. Amazed it hasn't happened already but we know it will simply be a buying opp for those not already all-in 

I love the first comment: "Only the greedy are buying now"

Seeing the Germans come to terms with the New World Order will be amusing.

As of today, I've increased my holding x4, given up trading. Have most of my BTC away from MtGox to avoid the temptation of a knee-jerk reaction. I'm long. I'm verified so on any big dips I'll scoop up some more. I can stand to lose what I've invested so far.

Wake me at $1,000

Did I mention I was long?

Indeed BTCBUDDY1 that was one of the many things I've read and digested about Bitcoin and I've not read anything before or after that compares to the optimism of that article!

I countered it by reading a couple of articles about how Bitcoin will crash based on (mostly false) comparisons with traditional stocks and shares.

The truth is somewhere in the vast chasm of the middle-ground but won't it be fun finding out?

It should be read by everyone interested in Bitcoin but is DEFINITELY NOT the last word!

The REALLY great thing about Bitcoin is there NO experts.

The established financial media (Economist, New Statesman et al) are all calling BTC's exponential growth a bubble - a crash waiting to happen. This may or may not be true. Bitcoin is not a stock.

Seasoned traders are all calling the top way too early and getting back in when BTC bounces back and carries on where it left off. Bitcoin is not like any other currency.

The clever people were those who bought and held, through the 2011 crash, through the flash crashes of the last few weeks and who continue to hold.

There are those who are trading and saying they are trading well but in my humble experience an upwards market will reward everyone. If you've lost money on BTC any time this year you truly are a bad trader!

This is all new territory. Whether the US government tries to stamp it out of existence or whether it becomes a fiat currency, no-one can be sure.

We can only point to analogies and guess.

Buy what you can spare, forget about it and enjoy the ride, that's my advice

I cashed out on the way down and just failed to get a buy filled at 53.7 then watched it bounce back above my exit point

My own fault! I'm leaving a stash in another wallet long-term and using what I have on MtGox just to trade.

Which I do badly, mostly. But it's fun

Although frustrating (I'm itching to join in on the Wall Observer) I do think this is a good idea. I'm sure the forum would otherwise be flooded with spammy "Buy Bitcoins cheap here NOW" posts.

Hi all, I've been reading EVERYTHING on the Wall Observer thread - very informative and sometime entertaining too