I got into BTC at the start of January and did a little buying and selling but only rode the train a little ways into this huge move the past month and a half. I get some bad sensations looking at this chart: http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zvzcv

Does anyone else see a bubble? I've only been reading off and on the past few weeks as I don't invest too much time into BTC (I see it as a curiousity) but I follow the price everyday on my phone. I am wondering what everyone thinks of this latest move, where is all the demand coming from?

It's already on its way to 17

I think that is why Forex has such high leverage, at times almost 100x. That is necessary because of the very small price movements, making leverage a must just to earn any substantial amount. With Bitcoin, I imagine such high leverage is not as necessary or advantageous with the high volatility and relatively low liquidity. It would be interesting though to see if a lower amount of leverage could work with someone attempting arbitrage.

In regard to mjc, it would be interesting if such an app could monitor the prices between exchanges and notify you once a trading opportunity arose.

I myself am still trying to get a good grasp of what moves the Bitcoin market. This article listed a few theories but nothing definitive. http://bitcoinmagazine.com/bitcoin-price-breaks-15-4-august-2012-high/

I'm still very new to Bitcoin but my own small little investment has gone up over 10% since I bought in last week. I imagine also that the amount of liquidity or rather lack there of in comparison to other currencies has something to do with it. I'm going to observe the market more closely for a while longer before making any moves, there seems to be lots of volatility.

Hello all, I have been interested in Bitcoin for over a year, but recently just put some money in and hope to explore the different possiblities with this unique currency. I found this forum through links from other websites and it seems it is one of the major hubs of social activity in the Bitcoin world. I'm always interested in new business and investment opportunities and hope to become more involved in various aspects of the Bitcoin economy. Feel free to PM if you'd like to talk shop or bounce business ideas off each other. I look forward to meeting new people and forging new relationships, business and personal, in this community.



~Tim