You do realize there will be no stopping it now...right?

[essem]

Most speculators are now either sold and gone (the winners), scared and have no clue what they are doing (the newbies), or left holding the bag and crying in their milk (the losers).  I'm not sure where anyone believes all these new buyers are going to come from and push it back over $200 anytime soon.  Hope is a good thing but, blind faith tends to lead to sad disappointing failure.  Anyone who has experience today saw the fluctuation ($105-$266) and left for the hills.  The writing was all over the wall this week with the run up from Monday till last night.  Huge run up and massive volatility unseen before.  I saw it last night and sold.

or going long even though the price is falling!

lol

[proudhon]

Most speculators are now either sold and gone (the winners), scared and have no clue what they are doing (the newbies), or left holding the bag and crying in their milk (the losers).  I'm not sure where anyone believes all these new buyers are going to come from and push it back over $200 anytime soon.  Hope is a good thing but, blind faith tends to lead to sad disappointing failure.  Anyone who has experience today saw the fluctuation ($105-$266) and left for the hills.  The writing was all over the wall this week with the run up from Monday till last night.  Huge run up and massive volatility unseen before.  I saw it last night and sold.

+1

[muyuu]

Otherwise my coins are not for sale, they are meant to be either saved or spent.

Good strategy. This is what bitcoins are invented for. Where are you going to spend them?

So far, mostly internet services. VPN, hosting, seedboxes, stuff like that. I take my anonymity very seriously and Bitcoin is perfect for that.

I have bought a couple silver coins too, in bitcoin. But at this point they are not great for grocery shopping or paying the rent, so I use fiat directly for that.

[batcoin]

It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

Is there something wrong with that?

[muyuu]

Most speculators are now either sold and gone (the winners), scared and have no clue what they are doing (the newbies), or left holding the bag and crying in their milk (the losers).  I'm not sure where anyone believes all these new buyers are going to come from and push it back over $200 anytime soon.  Hope is a good thing but, blind faith tends to lead to sad disappointing failure.  Anyone who has experience today saw the fluctuation ($105-$266) and left for the hills.  The writing was all over the wall this week with the run up from Monday till last night.  Huge run up and massive volatility unseen before.  I saw it last night and sold.

Most of the winners will keep playing.

Some of the losers will keep playing too.

We are likely to have fewer but more hardcore speculators. Not sure this will be good or bad to be honest.

[rpietila]

Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

[samson]

I will return to this thread in a month to see how it ended.

[BitcoinMillionaire]

the coin will bottom at around $100, we've still got some crashing to do.

[XxionxX]

Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

Have you been watching me!? How did you know I bought my long term gains under 30!? Granted  I broke even today, but I just didn't feel like having my family worry about my buy in anymore.

I wasn't able to make a large buy at ~$50, but the run up made me not care. Now it's all house money, and I am just gonna let it ride. Sucks if I lose it, but it's not like I really lose much after that right?

I don't know if I am in the majority or the minority, but depending on what others like myself need, they might decide that they have made enough profit and just cash out.

[wopwop]

Lol if you bought at 5$ and didn't sell at 200$ then you missed out on a huge chance to quintuple^2 your bitcoin holdings buy buying again when it goes down

so anyone here praising 'longterm holders' as smart winners: they arent, the people that sold are the smart winners

[rpietila]

Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

Have you been watching me!? How did you know I bought my long term gains under 30!? Granted  I broke even today, but I just didn't feel like having my family worry about my buy in anymore.

I wasn't able to make a large buy at ~$50, but the run up made me not care. Now it's all house money, and I am just gonna let it ride. Sucks if I lose it, but it's not like I really lose much after that right?

I don't know if I am in the majority or the minority, but depending on what others like myself need, they might decide that they have made enough profit and just cash out.

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man! 

[Zangelbert Bingledack]

The people that sold a small percentage in the 200s were smart/prudent, not the people who sold everything.

[Zangelbert Bingledack]

Well, you're the rare exception. It would be obvious though, that buying into these rallies is indeed partaking in attempts at profit taking based on speculation.

No, not really.

It is the last stages of the bubble, the final 300% or so, that attracts people like you to participate. Most of the coins are held by long-term investors, who bought them at anything prior to March, 2013, at average prices of $1-$30. If they decide to cash out en masse, and newbies panic, we may easily see $30-$100 again. But no, it will not be an end of the world. During the whole 2012, bitcoin only rose less than 200%.

The reptile knows what's up.

[XxionxX]

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man! 

Sadly I was unable to secure a loan in time for the run up

However I am still doing very well for myself! I can't wait to see where bitcoin takes me in the coming years! I don't really care about the price anymore, I just want to see what happens! This has been the most profitable learning experience I have ever had! I love my bitcoins.

[muyuu]

Lol if you bought at 5$ and didn't sell at 200$ then you missed out on a huge chance to quintuple^2 your bitcoin holdings buy buying again when it goes down

so anyone here praising 'longterm holders' as smart winners: they arent, the people that sold are the smart winners

That works if you can see the future.

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man! 

Sadly I was unable to secure a loan in time for the run up

However I am still doing very well for myself! I can't wait to see where bitcoin takes me in the coming years! I don't really care about the price anymore, I just want to see what happens! This has been the most profitable learning experience I have ever had! I love my bitcoins.

A loan to speculate? I hope you are not serious.

[b!z]

Lol if you bought at 5$ and didn't sell at 200$ then you missed out on a huge chance to quintuple^2 your bitcoin holdings buy buying again when it goes down

so anyone here praising 'longterm holders' as smart winners: they arent, the people that sold are the smart winners

That works if you can see the future.

I was there to help you out in the beginning. So you took the loan, and paid it back in 30 days, and now you're holding (the freebies) for the longest time. Nice poker, man! 

Sadly I was unable to secure a loan in time for the run up

However I am still doing very well for myself! I can't wait to see where bitcoin takes me in the coming years! I don't really care about the price anymore, I just want to see what happens! This has been the most profitable learning experience I have ever had! I love my bitcoins.

A loan to speculate? I hope you are not serious.

The newbies are always serious.