What's going to happen when Coinlab opens in the US? Super spike up?

[jonwaller]

When hundreds (thousands?) of US MtGox users are told at the end of this month "You must sign this to transfer your account to Coinlab, or withdraw everything now", perhaps there will be a huge amount of people buying bitcoins to keep themselves off the US's books. This will cause a super spike in bitcoin prices. Agree?

[Brushan]

It's possible. I believe prices will be stagnant for a couple more days and then they'll start to rise because of US citizens on Mt.Gox converting USD into BTC and because of wealthy US citizens starting to invest big amounts of money through CoinLab. I'm very optimistic about BTC value for the next couple of weeks.

[Bitcoin BEAR]

Wealthy people are usually smart, and smart money is already in. Smart money doesn't buy in at the top, they sell.

[Brushan]

Wealthy people are usually smart, and smart money is already in. Smart money doesn't buy in at the top, they sell.

Who says that we have reached the top?

[phatsphere]

Who says that we have reached the top?

the bitcoin bear

[CurbsideProphet]

Wealthy people are usually smart, and smart money is already in. Smart money doesn't buy in at the top, they sell.

The truly wealthy accumulate assets.  Income earning assets that either provide positive cash flow or increase in valuation.  The 0.1% of the population account for almost 50% of long term capital gains.  The wealthy do not day trade or look for tops, they accumulate "stuff" that passively puts more "stuff" in their pockets. 

[BitPirate]

Wealthy people are usually smart, and smart money is already in. Smart money doesn't buy in at the top, they sell.

The truly wealthy accumulate assets.  Income earning assets that either provide positive cash flow or increase in valuation.  The 0.1% of the population account for almost 50% of long term capital gains.  The wealthy do not day trade or look for tops, they accumulate "stuff" that passively puts more "stuff" in their pockets. 

^ this

This forum is too full of people jittering with uncertainty about their get rich quick scheme.