What the hell is going on with the price?

[smoothie]

I think people are buying for many reasons:

1. To hoard.
2. To buy things with it.
3. To test it out.
4. To pay off investors  
5. To buy drugs....

[cypherdoc]

The number one question I get is how do I buy bitcoins?

i spent last week pounding Fred Wilson's VC Blog and you're exactly right.  that was the first question.  for a bunch of supposedly wealthy ppl, i didn't find the level of economic intelligence over there very high.

[smoothie]

The number one question I get is how do I buy bitcoins?

Need to make more youtube videos and write more articles for those with that question.

[tvbcof]

My take is that some party or parties with significant capital want to vacuum up BTC and ...

yes but how long will this party going to keep doing this?

once they stop buy, will they sell some? ...

WHY are they buying?

do they want to own the market, so they can manipulate us into buying or selling when they want?

I may simply be projecting, but I assume that said theoretical party/parties have some of the same motivations as I.  That is, they consider the Bitcoin solution have a very high potential value and see BTC as hugely undervalued at this time.

If this is the case, they, like I, would mostly cash out if they sense an imminent collapse of the solution or if the value starts to approach the theorized peak.  Probably also like I, such parties don't really need the funds they've speculated in Bitcoin and can absorb a 100% loss (and consider it the most likely outcome.)  So I would expect selling to be more muted than it might otherwise be.

[majamalu]

"How to get bitcoins" (Cómo obtener bitcoins) is by far the most searched post on my blog.

http://elbitcoin.org/bitcoin-para-principiantes-como-obtener-bitcoins/

[RodeoX]

OMG the stock market is going up and down also!!! What could it mean?

[tvbcof]

This thing is starting to look like a run-away train to me.

My theory of large cap parties managing a controlled increase to maximize their BTC acquisition has another side.  That is that if there are multiple parties which are not coordinating with one another, they will end up eating one another's lunch.  The best strategy for these players in that case is to just go ahead and buy with both hands.  If such a thing were to happen it could be quite explosive.

[cypherdoc]

the beauty of this whole thing is that it's literally a world-wide phenomenon.  it's actually quite complicated to buy stocks on foreign exchanges.  i once looked into it and it was totally impractical if not impossible.  yes, you can buy country specific ETF's but that's not the same thing.

with Bitcoin we have ppl piling in from all over the world.  and countries big developed countries, like Japan, are just getting started.

[cheat_2_win]

the beauty of this whole thing is that it's literally a world-wide phenomenon.  it's actually quite complicated to buy stocks on foreign exchanges.  i once looked into it and it was totally impractical if not impossible.  yes, you can buy country specific ETF's but that's not the same thing.

with Bitcoin we have ppl piling in from all over the world.  and countries big developed countries, like Japan, are just getting started.

Such a global reach coupled with its ambiguous nature, (is it commodity, currency, stock, or just plain bitcoin?) makes analysis of bitcoin very intriguing and interesting.

[cypherdoc]

the beauty of this whole thing is that it's literally a world-wide phenomenon.  it's actually quite complicated to buy stocks on foreign exchanges.  i once looked into it and it was totally impractical if not impossible.  yes, you can buy country specific ETF's but that's not the same thing.

with Bitcoin we have ppl piling in from all over the world.  and countries big developed countries, like Japan, are just getting started.

Such a global reach coupled with its ambiguous nature, (is it commodity, currency, stock, or just plain bitcoin?) makes analysis of bitcoin very intriguing and interesting.

6 mo ago that was a negative, lol! 

[pekv2]

nuts 12.86 *facepalm*

[fcmatt]

nuts 12.86 *facepalm*

tis great. miners just keep selling into this upswing. averaging out is awesome.
win win win.

[cheat_2_win]

nuts 12.86 *facepalm*

tis great. miners just keep selling into this upswing. averaging out is awesome.
win win win.

IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate.

[cypherdoc]

nuts 12.86 *facepalm*

tis great. miners just keep selling into this upswing. averaging out is awesome.
win win win.

IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate.

yes.  thank you fcmatt.

[Carlton Banks]

Every time exchange rate rises I take out my calculator and and multiply amount of bitcoins I have, feels good

Let me break the news for you: it's only numbers on your calculator. Unless you sell your coins, you've got zero dollars/euros/dinars/whatever.

Zero monopoly money

I'd be using your calculator to figure out how many bitcoins you can get for you stash of USD

not the other way around 

a bit of awkward paraphrasing for you: obvious bear is obvious

[smoothie]

Every time exchange rate rises I take out my calculator and and multiply amount of bitcoins I have, feels good

Let me break the news for you: it's only numbers on your calculator. Unless you sell your coins, you've got zero dollars/euros/dinars/whatever.

Zero monopoly money

I'd be using your calculator to figure out how many bitcoins you can get for you stash of USD

not the other way around 

a bit of awkward paraphrasing for you: obvious bear is obvious

Where is Will Smith when you need him?

[fcmatt]

nuts 12.86 *facepalm*

tis great. miners just keep selling into this upswing. averaging out is awesome.
win win win.

IMO, we all need to thank miners for mining and selling at the beginning. Otherwise, we would not have bitcoin to trade and speculate.

yes.  thank you fcmatt.

oh no problem at all. hopefully the btc i mine next week will be for 20 a pop. :-)

[Fray]

OMG the stock market is going up and down also!!! What could it mean?

ROFL 

[ruski]

the beauty of this whole thing is that it's literally a world-wide phenomenon.  it's actually quite complicated to buy stocks on foreign exchanges.  i once looked into it and it was totally impractical if not impossible.  yes, you can buy country specific ETF's but that's not the same thing.

with Bitcoin we have ppl piling in from all over the world.  and countries big developed countries, like Japan, are just getting started.

It's not that impractical if you're good at it. I managed to make a great return trading on the US market during the financial meltdown, from Australia. Profit margins are lower and costs are higher, that's all. Playing in the big sandbox even at a disadvantage is still going to net you more than the little one.