We're breaking $35 - new all time high

[Global BTC]

There's lots of talk ot "the bubble bursting" and "exchange rate going down" and "crash" and whatever.

I'd like to point out that we are seeing a new all time high right now, as the price of 1 BTC is breaking through 35 USD.

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[oakpacific]

GBP, EUR, CNY market price all above $35, and even $35.5 now, wait to see what will happen after America wakes up.

[Global BTC]

The SEK market has gone as high as 245 SEK (38 USD) for one BTC, but that was last week (!), and it's a really small market. Anyway, we are both right - we are breaking $35.

[piramida]

still many offers at 32.8 on https://btc-e.com/
if you manage to get usd there...

[Bowjob]

We just broke $35.00

[Grouver (BtcBalance)]

Funny how nobody wants to sell and hoard because they think it will climb even higher.
Because nobody wants to sell.. the sell volume decreases and the price rise and the new media hype the bidding volume increases.
And cause of this effect the price of bitcoin rises all the time.... Funny, if you think about it.

[phatsphere]

We just broke $35.00

uhm no, it's still "touching". broke means, there was a trade at 30+\epsilon with \epsilon > 0

[piramida]

Funny how nobody wants to sell and hoard because they think it will climb even higher.
Because nobody wants to sell.. the sell volume decreases and the price rise and the new media hype the bidding volume increases.
And cause of this effect the price of bitcoin rises all the time.... Funny, if you think about it.

Congratulations, you just uncovered how price grows for *everything* that was ever traded! When demand growth over current supply, and growing price shortens supply even further. Funny if you think about it!

[b!z]

Yay. inb4 btc $40

[oakpacific]

Funny how nobody wants to sell and hoard because they think it will climb even higher.
Because nobody wants to sell.. the sell volume decreases and the price rise and the new media hype the bidding volume increases.
And cause of this effect the price of bitcoin rises all the time.... Funny, if you think about it.

Congratulations, you just uncovered how price grows for *everything* that was ever traded! When demand growth over current supply, and growing price shortens supply even further. Funny if you think about it!

And what is even funnier: had the bears unloaded all the bitcoins they dispensed with in the series of dumps we have seen in one go, they probably would have already created the crash they want to see, now probably they are just out of ammunition.

[Grouver (BtcBalance)]

Funny how nobody wants to sell and hoard because they think it will climb even higher.
Because nobody wants to sell.. the sell volume decreases and the price rise and the new media hype the bidding volume increases.
And cause of this effect the price of bitcoin rises all the time.... Funny, if you think about it.

Congratulations, you just uncovered how price grows for *everything* that was ever traded! When demand growth over current supply, and growing price shortens supply even further. Funny if you think about it!

And what is even funnier: had the bears unloaded all the bitcoins they dispensed with in the series of dumps we have seen in one go, they probably would have already created the crash they want to see, now probably they are just out of ammunition.

Yes, after each sell off you saw the market wanted to climb upwards again and didn't want a crash.
The current upward momentum is pretty sick.

[piramida]

ok, just broken. pat on the back to all the bears, now that's definitely a top

[Puppet]

Funny how nobody wants to sell and hoard because they think it will climb even higher.
Because nobody wants to sell..

Yeah I do. I just did. That doesnt make me a bear, i wouldnt be surprised if kept climbing to over $50, but a 6x increase is good enough for me to lock in some profits.

[whitenight639]

just seen a last trade price of $36 !! whats going on on mt gox today its going crazy

[speeder]

just seen a last trade price of $36 !! whats going on on mt gox today its going crazy

I will explain again in place of MagicalTux before he go to your house with a shotgun tired of explaining this all the time:

the last price reflects the last price in ANY currency in mtgox (converted to USD), so if someone crazy buy 1 BTC for 1000 EUR you will see a last price of 1300 USD

[whitenight639]

just seen a last trade price of $36 !! whats going on on mt gox today its going crazy

I will explain again in place of MagicalTux before he go to your house with a shotgun tired of explaining this all the time:

the last price reflects the last price in ANY currency in mtgox (converted to USD), so if someone crazy buy 1 BTC for 1000 EUR you will see a last price of 1300 USD

I know this, The old saying: something is worth what people are willing to pay for it.

[Herodes]

just seen a last trade price of $36 !! whats going on on mt gox today its going crazy

I will explain again in place of MagicalTux before he go to your house with a shotgun tired of explaining this all the time:

the last price reflects the last price in ANY currency in mtgox (converted to USD), so if someone crazy buy 1 BTC for 1000 EUR you will see a last price of 1300 USD

Haha - so much easier if he could just always put the last price only for USD, since this is the authorative price. Then visitors could have the option of selecting 'any currency' over this if they wanted to. Too bad he doesn't look at this as the most logical thing to do. Nobody would complain about that, as it is now, everybody complains.

[oakpacific]

just seen a last trade price of $36 !! whats going on on mt gox today its going crazy

I will explain again in place of MagicalTux before he go to your house with a shotgun tired of explaining this all the time:

the last price reflects the last price in ANY currency in mtgox (converted to USD), so if someone crazy buy 1 BTC for 1000 EUR you will see a last price of 1300 USD

Haha - so much easier if he could just always put the last price only for USD, since this is the authorative price. Then visitors could have the option of selecting 'any currency' over this if they wanted to. Too bad he doesn't look at this as the most logical thing to do. Nobody would complain about that, as it is now, everybody complains.

Isn't it a bit over the top to call USD the authoritative price? The exchange is in Japan, and it is entirely plausible that someday the market of another currency becomes even larger than that of USD, it's better to trade USD as yet another currency.  Besides, it may be even more useful to display the last price in all currencies-a user may trade in many different currencies.

[Zangelbert Bingledack]

Either way, it should be the same for the last, high, low, and weighted average. It looks ridiculous and illogical to see the Last being higher than the High.

I'd go as far as to say that it damages the image of Mt. Gox for new users. Any investor looks at that and goes, "They can't even get their ticker right??"

[molecular]

Funny how nobody wants to sell and hoard because they think it will climb even higher.
Because nobody wants to sell..

Yeah I do. I just did. That doesnt make me a bear, i wouldnt be surprised if kept climbing to over $50, but a 6x increase is good enough for me to lock in some profits.

I'm sick of reading that shit. You're not locking in any profits... bitcoin is money and in the long run the USD is toilet paper. What are you going to buy when the FIAT currencies of the world hit the fan? Gold? Real estate? Shares in companies? I have a slight suspicion you might buy back at some point.

After cooling down (sorry had to vent this at some point) I can admit that I also sold some of my bitcoins (about 5%) on the way from 12 to 35 and I can understand your fear. I have it, too, but I'm resisting pretty well so far.