We've seen volatility... but at this point I see no good reason for it to go down.

The crisis is over!

Sure it's overvalued. I actually believe it's overvalued right now to what it's worth (right now), but so what!

Long term it's a great bet if it even takes on a small portion of internet payments then it is drastically undervalued at the current rates.

After the socialising that the currency has been given due to the bubble.. People will want to use it

There's no where left to go long term but up!

So I was talking about bitcoin many months ago when I invested.

Now everyone's coming back to me because they've seen it on the news and they're hooked!

This is why I still bought in at $95 cause it makes me think there's pressure for it to go up.

Especially now it looks like it's reached bottom.

Seen some huge purchases lately.

If we break through 100 I imagine a wall is going to form somewhere around 90, but I know that's a big if..

It really baffles me that there is a wall at 100.

Psychological barrier no doubt, but why put up a wall at 100, if you wanted to cash out rich.. why put a wall up?

Why not just dump it at 95?

I think that wall has got to come down..

There's lots of buy pressure now. If I put my sell order at 100, I'd have either sold by now, cause I thought it was going to fizzle out or would be pulling it to ride the wave.

There will be a wave.. So many people have come to me in the last couple days telling me how excited they are about bitcoin...

This was months after I told them about it!

Only now after the bubble are they interested!!

will we make it?

At least you would've made a profit. I went to sleep with old buy orders open during the crash. Freaking Mt. Shocks wouldn't let me cancel them.

How do I find out if they returned anything?

I contacted Mt. Gox support but they say bitcoin transactions are irreversible and to contact satoshi dice.

No idea how to contact them there's no email on the site

yeah I know what it is... just don't know what will happen to them

Any chance I'll can get it back if I win?

Ooops sorry.. You're right, I should've left it unbounded... Don't think I can do anything about it now.

So with the price drop, there must be a few people who've lost a lot of money.

It'd be interesting to see how much money people have actually put into this thing. Perhaps we could calculate a value of the coin based on all the $ that have been pumped in, vs those that have been pumped out.

Not an accurate value obviously.. Just a guess at how much people can afford it to go down

Well if it's supposed to be a currency there wouldn't be much point in speculating with it.

In reality, I think we're all just gamblers!

If anything the price is like a pyramid scheme... Early people get paid, late adopters get shafted

Well if history is anything to go by, the price usually rises after a weekend dip.

Will we see the same pattern this week now that the correction looks to be over?

Haha... this market is crazy.

Wait though, the weekend is nearly over. If history serves, price will rise soon

I think market forces have finally found a stable price for the coin.

Over the next few weeks we'll probably see a slow climb, but it's not going to be anywhere near as dramatic as before.

This is great! The market has made its correction.

Now what will make all the difference long term is what happens in the actual bitcoin economy.

Time to stop speculating, hold your coins, and build the market.

Time to make bitcoin paypals worst nightmare!!

I suspect we'll see a sharp dip, as all those people waiting to sell at 100 say fuck it, and sell at market without fees.

Then a gradual rise as trading improves.

Then again.. Who knows might be the opposite. A sharp rise would cost less. I just figure a few people would want to jump boat but there's more people trying to scoop

Hey so when Gox gets into this laggy mode, what's the deal?

How do orders get executed. Is it completely sequential By the time they were put in?

Does it make any difference if I do a market order?

Will that execute only after all the other orders I put in have executed or not?

Put it this way. I put in a limit order to sell a while ago, what would happen if I followed that up with a market order just to make sure. Would the market order execute only if the limit order failed?

+1

The price seems stuck at 110.. and unlikely to rise too high for a while.

There is a huge buy wall, so if you had a lot of coin, I'm thinking maybe it'd be a good opportunity to dump at price.

Sure it could/will go up but there's a lot of resistance for the price rising too high. I think a few people are looking to make their profits.

So why not dump now?

The risk adverse people must be thinking that. Another panic and the opportunity to sell out so easy won't be around for a while

Oh yeah... I reckon we've already seen the bottom now.

It'd take some serious fear to send the price lower now.

Nobody want's to sell at a loss, so they're going to hold.

Even the early investors aren't going to want to miss the ride up.

Haha... I think you only need to look at that spike to see how much momentum there will be for a recovery.

True, people panicked, but the currency dipped to 1/4 of its pre crash value, and interest is higher than ever.

People are now used to the gox outages, and they'll be fixed eventually. Anyone watching can see there is a perfect opportunity to scoop!