The trend overnight seems overall bullish, at least technically.

The wall at $150 was reduced by almost $1M.
The new $100 seems to be $120, there is a ton of support at those levels.
It looks like we're in a wedge, looking only in the very short term. Following this trend we should be due for a breakout Monday.
Gox seems to have got its act together somewht.

+3.59 (2.67%)
Thats fine too.

I agree that the $130s seem pretty stable, and will probably be the trading range for the next few weeks. However, you've got to take into account the weekly dip (every single week bitcoin 'crashes') and the fact that the wall at $150 has shrunk by almost $1M overnight.

INB4 bond bubble.

It went up 2.19% today which i consider a good large increase but not alarm bell large.

+2.94 (2.19%)

2.19%, I really like the number. It would be great if this kind of growth kept on going for a couple of months.

To the "its a bubble" people: "2.19 growth is fine for an emerging technology."
To the "I want to make money fast" people: Look at how much it increased a couple of months ago!
To the smart people: Look into how Bitcoin actually works!

Everybody has a reason to be happy.

Agreed.

I have a really hard time believing that.

Take technology. The inflation in CPU power easily outweighs the inflation of the USD, and any phone you could buy today you could buy tomorrow for cheaper. But people buy things today anyhow, because people like things NOW, not in a week from now.

Best thing ever.

An example of a zoomed out chart showing that the pattern I noticed continues.

\

Huge wall at $150, gentle slope from there up to $200, and flat from there on out

Compared with

45%-ish slope from $133 all the way into the $40s with a mini-wall at $100.

Even if its hard to get fiat for your BTC its  better than losing your fiat period. If worst comes to worst, you still have your $100k in the bank for the short term and a nice little BTC nest egg for the future.

The fact of the matter is you'd be stupid to have more than $100k in a Canada bank in the future. Even if you don't believe in Bitcoins, go and buy gold, or move it to Cyprus, or something, ASAP.

Just saying, this looks pretty ridiculous.

This article at least isn't blatantly biased.

I agree that we vastly need to simplify the UI & usability though. I know tons of people out there that the extent of technology they have ever been exposed to is their iphone, a Web Browser and a word processing program. For god's sake, I have a friend that panics whenever he can't find a document he wrote in his recent documents menu in word.

I think they write these articles just so they can get a whole bunch of views from people in the Bitcoin community while not endorsing it.

1) If they don't write about Bitcoin at all, they are losing viewers.
2) If they don't take a stance on Bitcoin but write about it, they'll have to actually do some research which apparently is too hard, or else they won't have anything to write.
3) If they take a positive stance toward Bitcoin, they'll be portrayed as "radical" by the rest of the media, much of which is controlled by banksters (see CNBC).
4) The only option left is to take an extreme negative stance on bitcoin.

So, does anybody know where the 32 trillion came from?

LOL, that sounds like an awesome strategy for the ultra-rich. (Until somebody a couple times richer than you decides to come in and screw you over).

And I never said I'd sell. If anything a relative stability between $100 and $150 (which still gives me a 30% of value range to trade in) means that businesses can easily accept BTC.

Of all those people controlling that fund, if just one out of 100 people decided maybe its a good time to put just 1% of his or her money into bitcoins, there isn't enough Bitcoins on Mt. Gox to satisfy the demand.

It doesn't seem completely radical to think that might happen.

Well, I mean, not to be pessimistic, but its sort of a $3.5 MILLION dollar wall. I understand the one at $100 is even more humongous, but still. I can see us bouncing around between $100 and $150 a while before somebody decides to put in a monumental buy order or something.

Whats weird is though, the wall before $200, which you'd think would be much bigger, is virtually nonexistent. Going from $133 to $150 costs almost double what it costs to go all the way from $150 to $200, and above $200 there is basically no sell orders. On the bight side, I suppose that last big buy order right on the edge of $149.8 could take us zooming a really long way

Thank you. Now go send this to the government asap.

No seriously, what exactly does it take to "maintain" bitcoins. About the same amount of effort it takes to "maintain" your Word Documents or any other thing thats on the hard disk, potentially less because you can use cloud services like blockchain.info. You don't see everybody running around with typewriters because Word Documents are so hard to maintain.