Bubble burst?

[xf2_org]

Two standard observations:

1. Corrections are good.  They put a brake on irrational exuberance.

2. During the weekend, some exchanges are processing fewer incoming xfers, and early entry traders/VCs are not as often playing.  So, a thin market is even thinner on the weekend.

[JohnDoe]

sold at $8.40. bought again at $6. like a boss

Damn! So jelly...

[goatpig]

Keep in mind everyone also thought the bubble was bursting when it hit a high of $4.15 and then dropped to around $2.50. What happened was it went back to the 3s and stayed there a few days before the current rally.

That's when Gox was getting DDoS'd

[TheSocialHermit]

http://26.media.tumblr.com/tumblr_l1hyhjBOSq1qa9armo1_500.jpg

This is a rule of life! And honestly when looking at how the market has been moving I'm just going to guess that this is just a simple pop that happens in all markets that increase this rapidly. I'm really just starting and I look at this as a way to study how markets move, so it's a good learning experience!

[Jaime Frontero]

eh.  so what?

ten bucks is the issue, i believe - quite an important and psychologically daunting barrier.  there's nothing as noticeable as a zero...

when it gets close to $100, it'll flirt up and down even more.