Lol @ BlackSpidy, can only imagine his embarrassment and shame.

What the hell? So crazy.

Okcoin daily low of 720. 10-15 mins later, complete blow up the other direction to daily high of 770.

This is madness !

I don't think China was a big a part of it as you say.  It's a little hazy, but for that bubble China wasn't nearly as much of the trading volume, I mean, huboi and okcoin were just getting started, there volume looking back on the charts were pretty low.

Hmmm sell my last few bitcoin at 750 or hold? Hrmmm..... damn I love trading bitcoin.

Panic sold at 730, I'll take it 

Wow, hardly any BTC available for sale on OKcoin up to 720.

Just bought at 700 on okcoin.

All time high on okcoin.

Feels good !

My reasoning was that it was completely dumb ass and illogical to buy right now, and my experience in bitcoin has taught me to do this opposite of which I think is a reasonable and logical investment move.

[golf clap]

Well done, OP.  With BTC, it will always reach a new ATH some day, but not many have the fortitude to hang in there that long buying near the ATH of that big boom.

I'm a bit bummed.  Changed my strategy from holding 'til over 600 to trying to play the 'buy the dip' game over the last week of hovering around 580. Decide to change my strategy and literally 6 hours later boom. Ah well. Bitcoin is awesome. 650 again blows my mind.

Prepare for lift-off.

Just bought back in myself.

Just looking at how little BTC is even on the books to sell at the moment, on my current exchange, okcoin, and I'm feeling pretty bullish. Yeah buying at a 2 year ATH sounds really dumb, but this is bitcoin we are talking about, logic doesn't apply!

Gee, can't believe how boring trading bitcoin is these days. Yup, a real yawn-fest.

Yup, daily variance is $10 - $15 USD I'd say.  I wouldn't even really say a 'move' is a 'move' unless you see something over a 5% change (about $25 USD).

728  will be my optimistic guess.

DAO nutshell:  it's almost more of an idea than a new coin.  It is a concept of an semi-autonomous corporation that is powered by ETH.  People buying into DAO control policy through voting (votes=number of DAO you have).  It had a whopping 130 million US of funding and locked up a whopping 13% of all ETH.

DAO as it relates to trading:  they did a dumb thing imho with initial coin offering. The ICO period was 30 days. For the first two weeks, 1 ETH got you 100 DAO.  The next two weeks, it went up to 1.5ETH to a 100 DAO.  This caused the totally foreseeable situation  of all those people who bought in the first week dumping immediatly when it went on sale today to secure the 50% profit against the late comers. Also, as you can exchange DAO for ETH, the two prices are now locked, and should always be around the same 1:100 ration (1 DA0 is 1/100th price of 1 ETH). This is causing huge downwards pressure on ETH and ETH holders see this so are pushing money into BTC to protect their wealth. This is feeding upon itself as this Bitcoin price boom continues.

Figured this all out over an hour or two of research last night. But I figure its sound. BTC is looking VERY bullish right now with this move away from ETH and the halving next month really I don't think we'll drop below <500 until the halving now, much more likely we'll see 600 this [long] weekend.

These are the magic days in trading you always look back fondly on (if you don't get hosed).

Yeehaw bitcoin!

[insert funny meme here]

Captain hindsight:  so it looks like what happened was DAO , with their dumb multi-tier ICO eth to dao ratio caused everyone to dump DAO when it first went up, causing huge downward pressure on ETH, so everyone wanted to get out of ETH and into BTC.

Thanks DAO!

Tomorrow is going to be really interesting!

Hasn't ever been a launch like this. With DAO being a concept primarily, built on ETH.

I'm really curious how it'll affect the price of ETH, as folks can trade DAO for ETH and there is no set limit of the amount of DAO created I think it could lead to some downward pressure on ETH but it's a crapshoot. It'll certainly be neat to see it unfold.  Wonder what price it'll be at first on the markets.

As I just posted in another thread, I don't see how ETH  can be selling for 0.027 right now. Anything over 0.015 blows my mind to be honest. I think there is going to be remarkable ETH crash and I don't get why there is such a frenzy for it. But who knows, there may be no reason to it.

ETH has a lot of good things going for it and is a really cool coin -- err, token. Internet fuel, or whatever.

That being said I think the prices it has been going for are pure crazy.  1 eth should not be selling for 0.027 btc right now, it's totally wild. 

I think a reasonable price would be somewhere around 0.006-0.009 .  That being said, even after its last big dip, it went right back up to high 0.02's so I guess that's just the going market rate for such high demand and promises. 

Personally, I've been unloading ETH as soon as I get it. Besides regretting the 30 or 50 or so I sold at 0.015, I've been happy to sell it as soon as I get it.

(That's fine if you don't agree with me, just my two cents.)

Any ideas on why anyone would do this? What could possibly be gained for these asshats? I don't get it.

We aren't going down that far, I think. I think we've already seen the low.

I know for me personally, there is no way in hell I'd sell less than 450 right now.  I bought last at 442 and feeling really comfortable at that. In fact I think the last 24 hour low is going to be the lowest low we'll have for a pretty big stretch.