Are people getting greedy again so soon??

[Peleus]

Personally I think that we're seeing a lot of people with Fiat transferred in from the delayed MtGox queues. They held off after the crash began because they didn't want to buy in not knowing where the bottom was. Since it's "stabalised" we're seeing a lot of these new people jump onto the bandwagon at "low" prices of 50-100 because that's all they've ever known. I'm expecting it to go up to around 130-150 before we have another correction.

[Cluster2k]

I'm 50/50 on whether this is new buyers popping up and shoving money into the market or just a dead cat bounce after the bubble inevitably popped.  If it's the former than it's time to cautiously buy, if it's the latter it's a very good idea to sit out a few months and let others get burned.

[freedomno1]

Its a bounce just wait for it to go back down

[humanitee]

I'm 50/50 on whether this is new buyers popping up and shoving money into the market or just a dead cat bounce after the bubble inevitably popped.  If it's the former than it's time to cautiously buy, if it's the latter it's a very good idea to sit out a few months and let others get burned.

Without a doubt it's new money. Go look at the total volume for the last 11 days in USD. It is massive. The order book is at an ATH as well.

It feels crazy, doesn't it?

[NamelessOne]

Its a bounce just wait for it to go back down

I imagine it will go down somewhat, enough for permabears to shout beartrap 1000 times, but when/if it becomes clear that it is only a correction from this movement that kind of talk will start to fade.

[botlove]

the part that bothers me a is that the total volume of coins for sale today is 1/3 what it was yesterday (on Gox).  That either means that 'Joe the plumber' owns 2/3 of the bitcoins now (could be a good thing in the long run as they get familiar with market making skills)  or more than likely, the price is being pumped in preparation for the next dump.  I probably shouldn't point out how easy it is to tell that there is an unrestricted rise at the moment.  But they didn't pay me to stay quiet.  =)   So, it's a cautious buy from me for today, but no higher than 115 for today, which means I either go to the bank tonight for deposit, or sit this price out and wait for the market to cool down.

[awakening]

I have sells at 140$ and buys at 50$      Dispersed, but like 50% is in these two points.

[jubalix]

"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful."
― Warren Buffett

I used to be a huge bull up until the crash. I am no longer trading due to personal circumstances. But in general, I think that to be successful you have to know when to adjust your views. Those who are stubborn get burned.

This is how I see it:

The previous crash 17 to 2 or there abouts was much larger, a crash of the same size would have seen this go to about 9$...

It tried to break through $50....twice if not more....

I wish it went to a few $ then I could buy

[MatTheCat]

Note: this isn't to say one should be bullish on the price change in the short term.  That is a different debate.  However Bitcoin isn't going to be any more stable if it declines another 80%.  It is going to be just as volatile at $20 USD:BTC as it is at $100 USD:BTC.

When I bought my first Bitcoins for Silk Road purchases (nearly all my Bitcoins have gone there), it cost me around 3 GBP, about 8-9 months down the line, Bitcoins were costing about 5-6 GBP. Now this is almost a 100% move in less than a year. But you know what, traders and people doing business with Bitcoin can deal with this. They cant deal with what has happened between March and April 2013.

If the coin ranges around 100 - 150 USD for the next 6 months, in the world of Bitcoin, that is stable and individuals who are likely to make economic transactions using the currency will be able to deal with this, thus a "stable base" will have been found. But I dont believe that this will turn out to be the stabilised price. I think that there is still a shit load of speculative hot money that will seek to leave Bitcoin as soon as it realises that for now, the parasite party is over.

[awakening]

When I bought my first Bitcoins for Silk Road purchases (nearly all my Bitcoins have gone there), it cost me around 3 GBP, about 8-9 months down the line, Bitcoins were costing about 5-6 GBP. Now this is almost a 100% move in less than a year. But you know what, traders and people doing business with Bitcoin can deal with this. They cant deal with what has happened between March and April 2013.

If the coin ranges around 100 - 150 USD for the next 6 months, in the world of Bitcoin, that is stable and individuals who are likely to make economic transactions using the currency will be able to deal with this, thus a "stable base" will have been found. But I dont believe that this will turn out to be the stabilised price. I think that there is still a shit load of speculative hot money that will seek to leave Bitcoin as soon as it realises that for now, the parasite party is over.

Many SilkRoad sellers have won more money by now from selling some of the stack in the bubble than from selling drugs. I'm sure.
Almost all my coins went to SilkRoad or other shops also.   

[Tril]

Western Union and Moneygram article link for the lazy:
https://bitcointalk.org/index.php?topic=179943.0

IMHO the recent "bubble" as it's been called, was from Venture Capital and other wealthy investors and they got a bit hyper. Since crash was caused by MtGox lag, they did what any reasonable person would do: wait a week and see if MtGox lag recurs. Lag is fixed, so it's back to normal slow steady rise.  If we are at 140 by April 26 that's a doubling every month.  Any faster and I expect more corrections.

[freedomno1]

Its a bounce just wait for it to go back down

I imagine it will go down somewhat, enough for permabears to shout beartrap 1000 times, but when/if it becomes clear that it is only a correction from this movement that kind of talk will start to fade.

Well O'Leary and some major investment firms may be putting some money in right now to acquire some positions which would explain the higher trade volumes but using standard parabolic bubble data theirs usually a corrective bounce known as the deadcat before we start to see real price changes so depends

[Peter Lambert]

I'm 50/50 on whether this is new buyers popping up and shoving money into the market or just a dead cat bounce after the bubble inevitably popped.  If it's the former than it's time to cautiously buy, if it's the latter it's a very good idea to sit out a few months and let others get burned.

Bitcoins were featured on Colbert Report yesterday. This is all the current users getting in before the millions who were just exposed get a chance to buy some.

[Birdy]

I'm 50/50 on whether this is new buyers popping up and shoving money into the market or just a dead cat bounce after the bubble inevitably popped.  If it's the former than it's time to cautiously buy, if it's the latter it's a very good idea to sit out a few months and let others get burned.

Bitcoins were featured on Colbert Report yesterday. This is all the current users getting in before the millions who were just exposed get a chance to buy some.

It takes a while until the new users are able to use the system, verification of account or new funds take days.
And at least some of the new users will buy, so it's not a bad idea.

[rbgrish]

Hell yes there is new moneYcomming into the bitcoin mkt. I read and watched btc for two years, until the spike I really didnt take it seriously, now I have been waiting 8 days to get verifieD  mtgox and am still 8756 back in the que.
All the things everyone is talking about, you should be rejocing about if seing btc evolve into what, I thought you wanted it to become, a true altenative currency that does not inflate every ear to a lower value.
Anyone who looks at the dffrerence in the high price and where it is now is not seeing what I see, what I look at is the price it was in january 2012 compared to wher it is now.
I am a financial advisor full time, and if this were a stock with the exact same chart and I still saw the number of new buyers begging to get in (as I am) I would mortguage my house to buy more of that stock.

to smooth out the volatility just keep some of your money in fiat and some in bitcoin for now. Remember if one is down the other is up. dont spend your btc when it is down use fiat then.

BE HAPPY!  BITCOIN HAS GONE MAINSTREAM!!!!!!!!!!!!!!!!!!!!!

[freedomno1]

Hmm I would like to change my opinion well Colbert has a big base and with the investment firms will cancel the deadcat bounce a bit and say this may be a second rally instead  if not == true go to opinion B XD

[Peleus]

I've learnt one thing from all this.

Fuck daytrading.

Haven't lost money - but I've got NFI what's going on.

[MOB]

I've learnt one thing from all this.

Fuck daytrading.

Haven't lost money - but I've got NFI what's going on.

QFT

I hitched my wagon to it, but I have no idea how or why this is happening.

[freedomno1]

I hitched my wagon to it, but I have no idea how or why this is happening.

I have as well, for better or worse. I have some idea why this is happening. I would call it monetary revolution. I wouldn't dare try to predict the price though. I'm just happy to have been exposed to all of this to watch it go down.

What will they be saying about Bitcoin in 50 years? I hope I'm still around to find out.

Probably the next evolution of the internet before we get VISR's and can enter real Virtual reality and the first decent reform of currency that lead to more fancy things we haven't thought up yet in some book or a footnote lol.
Virtual worlds 1st major currency traded online
But I also want to live to see what will happen

[DoomDumas]

Just more and more peoples catching on the beauty and the genuis of bitcoin, this can bull to over 200..

Let see if the trend still intact by the end of next week.