I sold everything at $158/159 this morning

[psybits]

Is the OP even still here?

Man you should have sold 50% and kept 50%

Never know it could be a good thing as whenever there's a parabolic rise in the underlying security there's room to correction.  I believe we are in a cyclical bull market for btc barring any "black swan" event like a major hack.  Its generally agreed hacking btc is difficult if not impossible but I learned in life--never say never and forever is a long time, cheers.   

But the last correction in 2011 was caused by a "black swan" hacking, not a bubble. BTC is still in its earliest of days, the bubble, when it comes, may be a while off

[1714882601]

1714882601

[1714882601]

1714882601

[jorov]

Strategy for April:

1. BUY
2. Wait for the price to double.
3. Sell 60 % so yo're a bit ahead.
4. Withdraw fiat and coins. Spend fiat, hold coins !

[jackl526]

How can everyone be sure it will rise to $500/BTC-$5000/BTC? These are just random numbers people think of. Where's the research to back those projections? If you're long, you're long. Plain and simple. Everyone's getting on the OP's case because the price of BTC has gone up since he posted a sell post. How could anyone have predicted whether or not it would have gone up or down $10-20 that day? Everyone seems like trolls the way they blindly support a long position on BTC. BTC will never reach $5,000USD and if it does it'll be a result of a professional pump-and-dump done by big banks and governments.

BTC isn't tamper-proof. What would happen if i placed a buy order for as many BTC as possible? The price would increase due to a greater demand. What if I sold all the BTC I just bought after making a small profit? Could that create a panic-sell across the boards? How confident would everyone here be if the market crashed down to $25 a coin? Everyone buying now and expecting a price of $1,000 in a few months will be slaughtered and forced to realize a dramatic loss.

The wolves of the world will fleece the sheep trying to roam the same pasture.

[DropZite]

How can everyone be sure it will rise to $500/BTC-$5000/BTC? These are just random numbers people think of. Where's the research to back those projections?

So far all of this are just pure speculations right now..

[winnate]

what a bummer.  gotta hold strong!

[wormbog]

How can everyone be sure it will rise to $500/BTC-$5000/BTC? These are just random numbers people think of. Where's the research to back those projections? If you're long, you're long. Plain and simple. Everyone's getting on the OP's case because the price of BTC has gone up since he posted a sell post. How could anyone have predicted whether or not it would have gone up or down $10-20 that day? Everyone seems like trolls the way they blindly support a long position on BTC. BTC will never reach $5,000USD and if it does it'll be a result of a professional pump-and-dump done by big banks and governments.

BTC isn't tamper-proof. What would happen if i placed a buy order for as many BTC as possible? The price would increase due to a greater demand. What if I sold all the BTC I just bought after making a small profit? Could that create a panic-sell across the boards? How confident would everyone here be if the market crashed down to $25 a coin? Everyone buying now and expecting a price of $1,000 in a few months will be slaughtered and forced to realize a dramatic loss.

The wolves of the world will fleece the sheep trying to roam the same pasture.

Everyone's ragging on the OP because he sets himself up as an expert who knows better because he's been trading commodities for 15 years.

NEWSFLASH: BITCOINS ARE NOT THE SAME AS SOYBEANS.

[trdiablo]

Also OP, read this http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/#

[Minor Miner]

Since the OP is NOT a good trader and probably never will be, I will give him a joke about a great trader.

T Boone Pickens was out for a walk in DC and bumped into Obama who was having a smoke and walking a dog.  T Boone said, "Mr. President that is a nice looking dog you got there".   Obama replied "Thanks his name is Bo, I got him for Michelle".   T Boone quickly replied "GOOD TRADE" and walked on.

[psybits]

When Bitcoin hits 1K (few months to one year most likely), I think the OP is going to have a meltdown.

OP: go to BTC-e and buy some cheap BTC before you regret it!

EDIT: I take no responsiblity for any actions anyone takes from my advice, this is just my opinion.

[Capitalist]

EDIT: I take no responsiblity for any actions anyone takes from my advice, this is just my opinion.

You're lucky you put that in. I was just about to call my lawyer. 

[b!z]

See you at $2000.

[ferda2mx]

Also OP, read this http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/#

I agree with the article, it makes sence.

[cly]

How can everyone be sure it will rise to $500/BTC-$5000/BTC? These are just random numbers people think of. Where's the research to back those projections?

So far all of this are just pure speculations right now..

I agree with the article linked above.

By 70 trillion USD/year World market, Bitcoin would be somewhere between 1 Mio and 10 Mio USD.

I do not believe in a 100%...so 1% makes 10k USD...

Also i do not believe it takes more than a year to hit 1-5k USD - so looking forward.

Money is about belief - and the belief is strong here.

[andr3w321]

Or $0 one of the two.

[BlackBison]

good luck to all the future bitcoin millionaires :-)

I think you are the one who is going to need the luck (a flash crash or something) to get a fill at $35..

The trend is your our friend 

[BCB]

Two Words OP

O U C H!

[salihno71]

How can everyone be sure it will rise to $500/BTC-$5000/BTC? These are just random numbers people think of. Where's the research to back those projections? If you're long, you're long. Plain and simple. Everyone's getting on the OP's case because the price of BTC has gone up since he posted a sell post. How could anyone have predicted whether or not it would have gone up or down $10-20 that day? Everyone seems like trolls the way they blindly support a long position on BTC. BTC will never reach $5,000USD and if it does it'll be a result of a professional pump-and-dump done by big banks and governments.

BTC isn't tamper-proof. What would happen if i placed a buy order for as many BTC as possible? The price would increase due to a greater demand. What if I sold all the BTC I just bought after making a small profit? Could that create a panic-sell across the boards? How confident would everyone here be if the market crashed down to $25 a coin? Everyone buying now and expecting a price of $1,000 in a few months will be slaughtered and forced to realize a dramatic loss.

The wolves of the world will fleece the sheep trying to roam the same pasture.

I think it mostly depends on the amount of things you'll be able to buy with bitcoin. If demand goes really up it's possible that the price will be MUCH higher than today because there is a limited amount of BTC that can be produced. I can imagine price going to +1k or even +10k.

[btcminer021]

Nice job! Take the cash and run!

[andrewattheu]

it hit $200 today

[deathcode]

it hit $200 today

you mean $217?

yes!