Has BTC entered the parabolic stage?

[Alty]

I've never seen it rocket like this before.

In one day my 21.5 BTCs have increased nearly $2000 in value.

I love what you are capable of BTC  

[Paleus]

'This time is different' syndrome.

I believe it is currently in a bubble and is being fueled by greed and ignorance. People are buying it to make $ and they have little knowledge of how bitcoin actually works. A crash will come similiarly to April's, the only question is when.

Regardless, it is a def buy for the long term.

Bitcoin to the moon!

[kellrobinson]

Arithmetically scaled price charts are very misleading when the price scales over orders magnitude, as it does in this case.  Totally distorts the price movements.
Look at the price on a log scale.  Go to bitcoincharts, look at one year of data from Mt Gox or Bitstamp, and click on log scale.  Now compare the current run-up to the one that preceded the April crash.
A crash is a possibility, but I don't think we're at the cliff quite yet.
And I agree, it's a long-term buy.  Especially if it crashes, whereupon it will be time to jump in with both feet.  But if you want to invest in bitcoin, I'm not sure I would recommend waiting for such a crash.

[btcprice]

Arithmetically scaled price charts are very misleading when the price scales over orders magnitude, as it does in this case.  Totally distorts the price movements.
Look at the price on a log scale.  Go to bitcoincharts, look at one year of data from Mt Gox or Bitstamp, and click on log scale.  Now compare the current run-up to the one that preceded the April crash.
A crash is a possibility, but I don't think we're at the cliff quite yet.
And I agree, it's a long-term buy.  Especially if it crashes, whereupon it will be time to jump in with both feet.  But if you want to invest in bitcoin, I'm not sure I would recommend waiting for such a crash.

Even on the logarithmic one-year scale we have gone parabolic.

[farfiman]

This will be just a small "blip" on the long term graph..   try looking for the 32$ bubble.... not even visible...

[defaced]

Its definitely making me regret selling so early. Maybe i'll get to jump back in at my sell price.

[ThatDGuy]

Its definitely making me regret selling so early. Maybe i'll get to jump back in at my sell price.

What was your sell price?

[kellrobinson]

Its definitely making me regret selling so early. Maybe i'll get to jump back in at my sell price.

The market doesn't care about something you did yesterday or last year.  Think harder.

[GeniuSxBoY]

I don't know many initial investors that are still in the game without rebuying in.