Anyone that is buying in to this rally are now facing two very big enemies. The inflation (from the Bitcoin framework) and the manipulators that are starting to understand fundamentals. The manipulators are taking over this market. And they will probably soon understand that they also can make money by taking it down as well, before that they were super super optimists and just saw stable or up-trends in the price. But greed and power corrupts so maybe they are seeing the opportunities both ways now. Lets say that they also have inside information from Mt.Gox, then this market is totally corrupt. Good luck trading successfully.

The same Goldman Sachs that helped Greece to misreport their deficit / spending and had bets on their default?

Can I subscribe to your newsletter to find out when you're occupied?

Right, and a typical corrective pattern would see another drop to about $2.6 as we saw 4 Dec, before continuing the upward trend.

Right, and a typical corrective pattern would see another drop to about $2.6 as we saw 4 Dec, before continuing the upward trend.

Thanks for the pointer - I hadn't seen that one.
I don't think that thread explored the ramifications or the possibilities though.

Sure - they couldn't just use this blacklist to stop silk road in it's tracks, because they don't know their addresses,
but they could make it risky to do deals with various 'shady' outfits - because your coins could be tainted and thus taxed.

Stolen coins would be the obvious addresses to add to the list.

Also, a seized wallet from one criminal could provide a bunch of other addresses they could apply taint to.
Honeypot systems could also taint your change.

You are right now investing in Bitcoins. As an idea I think this is a good one, you will probably make some kind of good return on it within 2-5 years, but what you are missing is that you guys are in a hurry, don't forget the high inflation environment. You have put in your buying orders at least 6 months to early, we are still printing 7200 bitcoins/day, so you are buying to high to soon, it is a classic beginners mistake and you will pay it by forced liquidation (if you buy through Bitcoinica with leverage) or you have to wait maybe up to several years to get a good return. Let the market do what it is best at doing, giving what is traded the right value, knowing that we are printing 7200 BTC/day will let everyone that is interested get in to BTC at fair levels, and that level isn't 3 USD, it is much lower.

The market will do this with "force", meaning people will do all what it takes to tackle the high inflation environment (and losing a lot of money doing so), or we can just get to a good fair value as soon as possible and start building up the Bitcoin community and price.

To compare it, it is like the Economy in the real world, the central banks tries in every way keep the bubble intact, what is necessary is to let the bubble burst all the way as soon as possible (like 1929-1932 great depression), and after that start building it up again.

This is my point of view, lets see which one the market will choose.

...

Now imagine a distant future where your salary is paid in bitcoins and your utility bill is due in bitcoin and most of your wealth is stored in bitcoins. If bitcoin value is rising sharply or you expect it to, then you might be very reluctant to spend your coins as you have no way to "replenish" them. That is when hoarding might become a real issue, but thats still decades away IMO.