How long to break through 150

[massivebitman]

I honestly believe this news is a game changer.

http://www.reuters.com/video/2013/04/23/an-exclusive-peek-into-the-worlds-bigges?videoId=242413486&videoChannel=5

Up to 19Mil net in a day, that's got to be a bull market waiting to happen.

Could it happen today?

[massivebitman]

I reckon that wall will come down too..

It's such a flat run up if it does. We saw 130 collapse in a matter of minutes, that relatively speaking was a similar height

[mp420]

I honestly believe this news is a game changer.

http://www.reuters.com/video/2013/04/23/an-exclusive-peek-into-the-worlds-bigges?videoId=242413486&videoChannel=5

Up to 19Mil net in a day, that's got to be a bull market waiting to happen.

Could it happen today?

No idea. The price might just touch $150 but it's coming down. There's only so much dumb money in the western world. Current price is not sustainable at all.

[Hawker]

I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

[notme]

I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

Strong emotions.

[UltimateReaper]

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

[bonker]

Within two weeks. Peoples brains are slow to realize how physically useful BTC will be.

BTC is presently early stage insanely undervalued. $1000 = 1BTC this year.

[XXthetimeisnowXX]

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. 

[w00t]

Within two weeks. Peoples brains are slow to realize how physically useful BTC will be.

BTC is presently early stage insanely undervalued. $1000 = 1BTC this year.

This ^

I guess we will get at 1 BTC per 150 USD on 4th May 2013

Or maybe sooner based on the Reuters video above.

[notme]

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. 

I don't think he sold out... just took some profits:

I'm going to cash out at a nice chunk of gain

Nothing wrong with lowering your exposure when your bitcoins become more valuable than anything else you own .

If he did sell out completely, that's unfortunate.

[awakening]

If he did sell out completely, that's unfortunate.

Yeah, It's a big mistake if you have faith into the bitcoins. I had to learn the hardway.. 

[w00t]

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. 

Yeah he might end up like this:
http://en.wikipedia.org/wiki/Roy_Raymond_%28businessman%29

[UltimateReaper]

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. 

I wish I had a cat. No. I'm watching market. Everyday. I've already learned some lessons. By cashing out at a profit now, I'm looking at a roughly 75% return. Not bad for a complete amateur. I'm in this for the long run, and I'm looking for annual return rates of at least 10%. This is reasonable, and as my investment amount increases, so does that annual 10%. Greed is the bane of loss. If I see the market growing sustainably to 1000. I'll reinvest at higher prices, but for now it's far too early tell. Especially with the dramatic increases.

[Miz4r]

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

Isn't selling an indication of greed? If you hold without thinking about selling any time soon then that means you have confidence in bitcoin and you don't worry about short term losses or gains. In other words, you aren't greedy nor fearful.

[UltimateReaper]

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

Isn't selling an indication of greed? If you hold without thinking about selling any time soon then that means you have confidence in bitcoin and you don't worry about short term losses or gains. In other words, you aren't greedy nor fearful.

Well, it can go both ways right? By holding and hoping for larger and larger gains that can be considered greedy. In retrospect, earning gains can also be a sign of confidence. Ergo, this isn't cash in and cash out for me, it's continuous returns over a long long period of time. Right now I'm attempting annual returns of 10-30% per month. Not 4058873% per week.

I believe in bitcoin. I'm in this for the long run, but in order to truly rally for my belief I need more fiat, and the only way to do that is to increase my supply so I can invest more. By selling now I insure this. I'll hold onto a little of course, but this is my philosophy for now.

[Qoheleth]

My read is that if it doesn't happen in the next week, it won't happen in the next month either. But then, I've never been very good at this game.

I reckon that wall will come down too..

It's such a flat run up if it does. We saw 130 collapse in a matter of minutes, that relatively speaking was a similar height

When walls were knocked down on the way up to $230, new ones were generally put up right away. No reason to think it won't be the same this time.

[arepo]

My read is that if it doesn't happen in the next week, it'll be at least a month. But then, I've never been very good at this game.

+1

we've got a beautiful bullish triangle formation right now though, so i'm leaning towards 'within a week' 

[superduh]

by the weekend

[bitcon]

I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room. 

I wish I had a cat. No. I'm watching market. Everyday. I've already learned some lessons. By cashing out at a profit now, I'm looking at a roughly 75% return. Not bad for a complete amateur. I'm in this for the long run, and I'm looking for annual return rates of at least 10%. This is reasonable, and as my investment amount increases, so does that annual 10%. Greed is the bane of loss. If I see the market growing sustainably to 1000. I'll reinvest at higher prices, but for now it's far too early tell. Especially with the dramatic increases.

good to see somone who will be willing to buy $1000 bitcoins.

[jubalix]

did i hear right he think 1000, to 20/30K....in a year???