Irrational exuberance is going to dry up

[pretendo]

once those people spend themselves out of the market. The price is going to fall back to around ~$34

[zoinky]

That's like your opinion man.

[Junko]

Sure, keep telling yourself that.

[ajk]

lol i like the bullish/bearishness

crazy though, i was expecting movement but in the other direction!!!, at this point I think the amount of new money coming in is very high, also the demo that bitcoin is after is pretty deep pockets so seeing predictions in the 50-100 dollar range may definitely be reachable especially at this rate of growth,

shit is going to be going nuts if we start seeing hedge funds and people buying and selling millions at a time if there ever so happens to be a time like this in the foreseeable future

[Piper67]

lol i like the bullish/bearishness

crazy though, i was expecting movement but in the other direction!!!, at this point I think the amount of new money coming in is very high, also the demo that bitcoin is after is pretty deep pockets so seeing predictions in the 50-100 dollar range may definitely be reachable especially at this rate of growth,

shit is going to be going nuts if we start seeing hedge funds and people buying and selling millions at a time if there ever so happens to be a time like this in the foreseeable future

The thing is, for hedge funds to start moving millions into BTC each BTC has to be worth a lot more than it is today... kind of like a self feeding cycle of frenzy, really 

[ryanAC]

There are some hormone treatments that might help with the dryness problem?

[blackreplica]

You're absolutely wrong. It will fall back to $34.72. So there

[ajk]

I hope it does and I hope they will

[Skrivitor]

How do you feel about the Coinlabs/bitcoin deal? http://bitcoinmagazine.com/coinlab-bringing-bitcoin-to-wall-street-with-mtgox-deal/

The market exuberance is partially due to mining speculation, I am sure Avalon-ASIC taking BTC payments has bumped the trend.

There is a wildcard with the Chinese, they are very close to a bubble burst/economic meltdown from their real estate sector.  I am really curious about acceptance of Bitcoin in the Asian market.  This is totally speculative, but Bitcoin would be an attractive place for savings savvy Chinese to store wealth; so far the returns far exceed inflation.  Bitcoin will also have the advantage of being very fluid in a market driven by export and manufacturing.  Once one site starts accepting Bitcoin on the Chinese mainland it could cause a resurgence.  Probably what is holding back the flood gates is Chinese offshore investment laws.

lol i like the bullish/bearishness

crazy though, i was expecting movement but in the other direction!!!, at this point I think the amount of new money coming in is very high, also the demo that bitcoin is after is pretty deep pockets so seeing predictions in the 50-100 dollar range may definitely be reachable especially at this rate of growth,

shit is going to be going nuts if we start seeing hedge funds and people buying and selling millions at a time if there ever so happens to be a time like this in the foreseeable future

Again, China.

[ajk]

GO CHINA GOOOOOO

[pretendo]

Better mining equipment isn't a reason to believe in stable high prices.

And I am not bearish at all. I want bitcoins to continue to skyrocket forever, since I own some. Look through my post history; if this prediction is wrong, it will be the first wrong prediction I have posted here.

[humanitee]

The Coinlabs/Gox deal (will create)/(has created) secret rocket conditions.

[ajk]

I said bearish/bullish for a reason sir..

Reason being is because even if we went down to 34 that is not really bad at all.. if anything probably would set us up to get even higher with the way things have been going

i also hold bitcoins and am long forever if you want to waste your time and read through my posts im definitely going to read yours(SARCASM)

and also why not?

at this point any news that isnt bad is good for bitcoin, everyone wants them and the price is probably going to be 100 USD within the year

[RodeoX]

That's like your opinion man.

+1
I lost count at about 1 million, But a lot of people come here and make bold statements about the future. Yet no one in history has be able to predict the future. So, what you have is a guess, not a logical fact.

[waspoza]

No charts with lines? I'm disapointed, OP.

[lebing]

That's like your opinion man.

We should make a sticky with just this statement in this subforum.

[Bit_Happy]

once those people spend themselves out of the market. The price is going to fall back to around ~$34

Ha, learn from history:
More like $70 to $80 then back to $15 

[molecular]

once those people spend themselves out of the market. The price is going to fall back to around ~$34

I agree. Don't know if yet, but if the last 2 months are an indication we'll see a healthy pullback of 2-3$. Hopefully it will be equally quickly digested as in the previous instances.

[molecular]

You're absolutely wrong. It will fall back to $34.72. So there

Doesn't seem so scary to me. That was roughly the all-time high just a few hours ago.

[humanitee]

You're absolutely wrong. It will fall back to $34.72. So there

Doesn't seem so scary to me. That was roughly the all-time high just a few hours ago.

Plus tomorrow is TUESDAY.
AH YEAH