What will happen when we get above 31.91 $, June 2011 high ?

[notme]

I know the assassination market comment up there near the top was in some if not most ways a joke, but I just had a rather chilling thought about the boom the assassination market worldwide stands to have as the market cap of bitcoin rises. *shudder*

If you give a stranger an irreversible, pseudoanonymous payment method to kill someone, you are being scammed.  People who actually do shit like that don't deal with strangers.

[oakpacific]

Many bears will be liquidated.

it's called "being Zhoutonged":  https://bitcointalk.org/index.php?topic=49445.msg588749#msg588749

Yeah, I know, but I prefer the word "liquidate" for two reasons:

1. Over time bitcoin will become a more "liquid" currency than fiats
2.Over time that part of shithole history of bitcoin should become relevant no more.

[oakpacific]

The high is a huge emotional pain point for many early adopters. We could see some serious pullbacks each time the battering ram swings toward $32, but the more heaves and hoes we see, the greater the gush of euphoria is going to be once we bust through that psychological wall.

Long term (over the next few weeks/months) it should all even out as we continue the organic exponential growth path of 2013.

I would think the pain would be "Damn why did I sell?"... Those people should already be sold out.

Yeah, I'm sure that plenty of people who thought we were near the top of the "bubble" and were planning on selling at $32 were just fine with selling at $29 or $28 when it dipped.

It's acutally somehow provable, look at that steep peak in June 2011: http://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Too bad I couldn't find the days destroyed script, if we replace the "unspent time" factor with its power function, we could have a better idea of the early adopters' cashout activities.