How long will we continue to push new highs?

[Tomatocage]

Seriously. I've stopped measuring Bitcoins value in dollars and just go by how many times I yell JESUS FUCKING CHRIST at my screen.

[shkiser]

I think it will push atleast $50.. Very anxious to see how fast! Also I believe it will level off around $50-$55 but I think it will surpass this mark first perhaps near $100/Btc before settling around $50

[theymos]

I think it'll start going down soon.

[marhjan]

I think it'll start going down soon.

It HAS to right??  Eventually?  Still calling the 2013 low around $8USD, but my confidence has admittedly waned a bit over the past month

[RodeoX]

We are up 2 Jesus F#<K!nq CHRIST's since last night! It has to cool off soon, right?

[Roger_Murdock]

My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

[GIANNAT]

Push it to the limit

[baggyp]

My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

fucking lol

[adamstgBit]

I think it'll start going down soon.

+1 it really should have some kind of downward move soon...

bitcoin is NOT highly distributed, and their are people that hold   1/4 a million or even millions of bitcoins, one of these days the price will stop going up and start heading back down, because of these people.

[Wekkel]

I don't see kids buying BTC at $100 just for fun, and ordinary folks neither. For that, BTC needs a killer app.

Oops, did I just say 'will not cross $100'? 

[Jaw3bmasters]

I think it'll start going down soon.

+1 it really should have some kind of downward move soon...

bitcoin is NOT highly distributed, and their are people that hold   1/4 a million or even millions of bitcoins, one of these days the price will stop going up and start heading back down, because of these people.

Nonsense.

[humanitee]

My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

Best prediction I've ever read.

I lost it at the SWEET / AWW HELL YEAH pattern, lmfao.

Technical bronalysis

[Technomage]

$100 is a major psychological threshold, that is for sure. I can't see the rally going past that, there will be a correction before we go over it.

We are on our way to a billion dollar market cap though. It's almost inevitable. I just don't think it will go straight from $400M to $1B, there will be a correction somewhere in between.

[Rygon]

Everyone should note that the climb is steady, but on an exponential axis. These 10% moves in a day just look more dramatic when we are at $40 than when we were at $20.

[keewee]

Seriously. I've stopped measuring Bitcoins value in dollars and just go by how many times I yell JESUS FUCKING CHRIST at my screen.

My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

lmao this is hilarious, and one of the more believable predictions 

[Spaceman_Spiff]

Everyone should note that the climb is steady, but on an exponential axis. These 10% moves in a day just look more dramatic when we are at $40 than when we were at $20.

Nah, I was blown away by the rocket towards (and from) $16, despite being very bullish at that time.

[Zangelbert Bingledack]

Everyone should note that the climb is steady, but on an exponential axis. These 10% moves in a day just look more dramatic when we are at $40 than when we were at $20.

Yup. All the recent price action looks yawnworthy on a log-scale chart.

[lampshad3]

I am watching it but not very closely, sold enough of my coins to get back all my initial investments, still have a few left over so anything from here on out is profit, IF it rises a bunch, good i will make some more money, if it drops a lot, well at least i already got my seed money out! 

[Bit_Happy]

How do you define smart money around here?

[humanitee]

How do you define smart money around here?

smart money
See Bitcoin. 

[BlackLilac Jordan]

Wordpress, reddit, now namecheap. The mainstream dominos are starting to fall, within 6 months Bitcoin will be standard, which means potentially exponential growth. My estimation is that it will level off around $3000 USD by Jan 1st, 2014.

[zoinky]

Wordpress, reddit, now namecheap. The mainstream dominos are starting to fall, within 6 months Bitcoin will be standard, which means potentially exponential growth. My estimation is that it will level off around $3000 USD by Jan 1st, 2014.

Quite an estimation... I'd be surprised & happy to see even $100/BTC by the end of the year.

[mccorvic]

It'll keep going up as long as bears like Adam and Proudhun keep trying to tell people to sell because they have "foreseen it" or whatever silly bear logic  they can come up with.

[Bit_Happy]

If the blow-off top was only one day this time, then it is over already.
If not, then you are watching a dramatic mutli-day medium-term high.
If you think this is "a new type of economy that always goes up", then you should invest in the 2001 dot-com bubble.

[steamboat]

We will continue to push new highs until the market finds equilibrium. Such is the way of the free market economy.


Vague, supercilious answer aside, given the current adoption, transaction and exchange volume, and publicity, I'm putting my money on $117.17 by August 17th, 2013.

[sublime5447]

My customers are not buyers at this point. I say any day we crash

[phantastisch]

I saw a thread where proudhon advised to sell. So no correction coming any time soon. 

[BitcoinTate]

My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

Best prediction yet! lol

[steamboat]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

[adamstgBit]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

[steamboat]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

Hey Adam, I know a really great place to buy cheap coins when the market crashes...

[piramida]

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

his customers were not buying at 20 as well, so that gives a perspective my guess is these are imaginary customers.

[sublime5447]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

+1 people  Some people enjoy being told the truth. I could lie to them and do what is done around here. buybuybuybuy it is a great deal buy, but that is not my style. I tell the truth as i see it..always. You know what you are getting with me.

I have found that honest is truly the best policy. Some people call me brutally honest, because i tell people the truth even if I know they dont what to here it.. So ladies dont ask me if you look fat in that dress! 

[steamboat]

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

his customers were not buying at 20 as well, so that gives a perspective my guess is these are imaginary customers.

He has sold a few coins on bitcoinfriends, roughly .5 seconds worth of trades on gox in the last month.

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

+1 people  Some people enjoy being told the truth. I could lie to them and do what is done around here. buybuybuybuy it is a great deal buy, but that is not my style. I tell the truth as i see it..always. You know what you are getting with me.

I have found that honest is truly the best policy. Some people call me brutally honest, because i tell people the truth even if I know they dont what to here it.. So ladies dont ask me if you look fat in that dress!  

The truth is not subjective. What you spew is subjective FUD you refuse to back up with any logical analysis when questioned on the reasoning used when reaching your "conclusions".  Honesty IS the best policy. Traipsing around pretending to have done any kind of methodical research about the market you claim to be "heavily involved" in does not an honest man make.

If you want to be taken seriously, stop pretending to understand what's going on, READ the incredibly valuable information found here and on the wiki, and think about what you post instead of spamming the forums with nonsensical garbage.

Everyone seems like an elitist asshole to you because you don't know what you're talking about.  There are plenty of bears here who do not get razed nearly as much as you because, while misguided and most often wrong, they attempt to think logically about their argument and present their findings in a clear and concise manner. Try it sometime. You'll be surprised how quickly others reactions to you change.

[piramida]

He has sold a few coins on bitcoinfriends, roughly .5 seconds worth of trades on gox in the last month.

Ok I see. A rather pointless service, given localbitcoins where you can get your one coin in an hour without becoming a trusted friend on facebook But whatever tickles. For someone who tries to promote an idea of bitcoin, he did an amazingly shitty job with useless rants on "This market is bullshit" instead of trying to educate himself and his "friends". I like how bitcoin shakes off weaklings. It may be cruel, but we have enough adoption as it is, don't need people spreading unfounded FUD.

[tvbcof]

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.

[Odalv]

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.

This is Bitcoin the raw capitalism.

[wormbog]

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.

This would certainly explain the recent price movement.

I'll probably sell a few when we hit $4000.

[tvbcof]

I'll probably sell a few when we hit $4000.

I'm getting pretty close to the point where I'll want to recoup my initial outlay.  Most of the remainder of my BTC I'll likely sit on for many years irrespective of what happens to the price.  Unless I see a looming terminal fracture of the system of course, or some other system evolves which I would prefer to support.

[rpietila]

I'll probably sell a few when we hit $4000.

I'm getting pretty close to the point where I'll want to recoup my initial outlay.

My plan was to sell 1/5 when that would have recouped my investment. That day is long overdue and I haven't sold a satoshi. Why? There is not much to buy in the market.

It would feel kinda stupid to sell for fiat, and I already have loads of silver and enough gold.

Besides I just today enabled for some of the owners in Silverbank (www.silverbank.net) the opportunity to switch from silver to bitcoins. There is $4M worth of silver there and we believe about 10% would do the switch in 2 months.

Another 3 days of bitcoin supply gobbled up from the market...

[tvbcof]

I'll probably sell a few when we hit $4000.

I'm getting pretty close to the point where I'll want to recoup my initial outlay.

My plan was to sell 1/5 when that would have recouped my investment. That day is long overdue and I haven't sold a satoshi. Why? There is not much to buy in the market.

It would feel kinda stupid to sell for fiat, and I already have loads of silver and enough gold.

...

My target had been 1/10, but the questions about block size through in enough concern in my mind to shift it down some.  I still would rather see closer to $60 than todays $40.  I wrote off the money as I put it into Bitcoin so it won't be the end of the world if I don't proceed with this adventure.

I'm in the same boat wrt PM's.  I'm happy to have USD and there are some projects I have which could absorb them in a hurry.  My big hang-up is that I don't wish to give any of the exchanges scans of my identification documentation.  Hopefully the Coinlab/SVB goings-on can provide me a way to get over that little hurdle.  Or I can just find someone to do a Person2Person transaction with.

[Richy_T]

friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

[tvbcof]

friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

Ya, well this forum was full of sage advice from 6/2011 to 11/2011 about how it was stupid to pump money into a falling market.  With very limited exceptions (particularly ~cypherdoc) most people were on death watch.

I tried to assess what a solution such as Bitcoin _could_ be worth and came up with a high number.  Much higher than we see even today in fact.  So I did my own thing and have never regretted it.

[Tomatocage]

friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

That's what people were saying at $20.

[tvbcof]

Just now watching ClarkMoody (my having no television.)  There's a hungry hungry hippo out there.

[Gatekeeper]

great to watch isn't it? about 5k coins bought.

[Tomatocage]

JESUS FUCKING CHRIST

[seldon]

I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning

[deadweasel]

I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning

it doesn't matter.  sell when you can get your investment out -- whatever left, play with it.  It's all just gambling anyway.

If you are all in, reset to state that is not going to break you.

[DoomDumas]

I don't see kids buying BTC at $100 just for fun, and ordinary folks neither. For that, BTC needs a killer app.

Oops, did I just say 'will not cross $100'? 

Kids will buy mBTC or Satoshi, dont matter if 1 BTC is priced @ 10k$

[Richy_T]

friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

That's what people were saying at $20.

It was true then too. I'm still considering buying more bitcoin but it's because I'm convinced of the long-term strengths, not because I see it shooting up.

[usagi]

JESUS FUCKING CHRIST

$45

hot shit!

[smoothie]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

Well you're not much of a friend if you told people not to buy at $33 lol... fail logic.

[TooCasual]

The answer to this post is the same answer to this question:

How long is a piece of rope? 

TC

[keewee]

JESUS FUCKING CHRIST

lmao 

[seldon]

I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning

it doesn't matter.  sell when you can get your investment out -- whatever left, play with it.  It's all just gambling anyway.

If you are all in, reset to state that is not going to break you.

Got up again - for another WTF morning

Thanks for your kind advice! Wenn I started this whole thing (mining and then buying about 2 years ago) I decided that all money I spent is something I can afford to loose completely.

[Tirapon]

The answer to this post is the same answer to this question:

How long is a piece of rope? 

TC

6 months?

[Dargo]

If the price action seems scary and has you stressed, go to weekly chart, log scale, data all the way back to 09. Makes the recent run look relatively benign compared to the moves in 2010 and 2011. Then take a Valium...no worries. 

[justusranvier]

If the price action seems scary and has you stressed, go to weekly chart, log scale, data all the way back to 09. Makes the recent run look relatively benign compared to the moves in 2010 and 2011. Then take a Valium...no worries. 

Make sure to switch to displaying volume in currency. It makes the recent run look a lot stronger than 2011.

[Richy_T]

Well you're not much of a friend if you told people not to buy at $33 lol... fail logic.

Like when you tell a friend not to drive home drunk but he still makes it home OK anyway?

[piramida]

like when you tell a friend to not buy a lottery ticket, then you bought it yourself and it turned out to be worth millions

[Richy_T]

Yeah, actually, I guess it means if it does crash, you can buy all their btc from them at a discount rate

[dancupid]

The international interest is worth looking at - especially in China:

http://bitcoincharts.com/charts/btcnCNY#igWeeklyzm1g10zm2g25zvzcv

[Roger_Murdock]

JESUS FUCKING CHRIST

OH SHIT, OH SHIT, OH SHIT

[Tirapon]

JESUS FUCKING CHRIST

OH SHIT, OH SHIT, OH SHIT

...PHEW. Here we go again...  

[Stormalong]

Have to resurrect this thread, because it seems appropriate right now and because of how much the OP made me laugh back then.

[favelle75]

Have to resurrect this thread, because it seems appropriate right now and because of how much the OP made me laugh back then.

He makes me laugh LESS than the people claiming $450 was the peak and that we should all sell....where are those guys now? Still waiting on the sidelines to get back in?