Tired of 140$

[maursader]

Silk Road had a very small impact on the overall direction of the bitcoin market. After all, Silk Road came to existence because of bitcoin, not the other way around. I agree with derpinheimer.

[Erdogan]

150: Not so tired anymore, feeling fresh and recreated. Thank you, bitcoin.

[Ashitank]

150: Not so tired anymore, feeling fresh and recreated. Thank you, bitcoin.

I am already tired of 150 man !

[Tzupy]

After such a large price increase, IMO we can expect a crash within 3 - 4 days.

[600watt]

After such a large price increase, IMO we can expect a crash within 3 - 4 days.

as long as we don´t end up in the 140ies again...

[jubalix]

600000 BTC just went out of circualtion, this has to do something to price. thats 2.5 - 5$%, 140 there fore that should go up by  $4 - 7 just on that

[Tzupy]

Yes, I was thinking about this too, should explain why the price rise is so high (compared with my expectations and previous rallys).
My question is, will the sub-trend due to the SR coins seizure (removed from market) become the dominant one within the overall trend?

[600watt]

600000 BTC just went out of circualtion, this has to do something to price. thats 2.5 - 5$%, 140 there fore that should go up by  $4 - 7 just on that

i thgink this is inconsistent.
first, you assume that dpr has collected all the money he ever made with sr. highly unlikely since he had to cover costs and the price of btc was most of the times single or double digits, so lots of the 600 k gone. if you assume he all kept it, then they were "out of circulation" before now.

second, if he kept it all, how did he manage to keep them "in circulation" ?

[Tzupy]

After more thinking about the SR seized coins influence on the price, IMO there is no direct influence on the price at MtGox.
There is already an upward trend at Bitstamp, due to the new demand for coins. IMO the MtGox market has factored in the
expected future price increase, which will happen mostly on Bitstamp (and others), maybe even closing the price gap with MtGox.
So IMO the fundamentals on MtGox won't support this price level for too long and a downward correction should happen.

[mp420]

The market will correct downwards. This rally has no substance, price is rising too fast on too little volume.

[Erdogan]

The market will correct downwards. This rally has no substance, price is rising too fast on too little volume.

The volume thing again. Did you discuss the velocity of money over lunch with Krugmann lately?

[maursader]

After such a large price increase, IMO we can expect a crash within 3 - 4 days.

I wouldn't be so sure, we've seen bubbles like this. What we clearly see is a very strong bullish trend happening, which will eventually hit a peak. Once it hits that peak, get your fiat ready.

600000 BTC just went out of circulation, this has to do something to price. thats 2.5 - 5$%, 140 there fore that should go up by  $4 - 7 just on that

It's good to know, but where are you getting this information from? An article? Directly from block chain? I wouldn't be so quick to call it out on the price. Just a little doubtage here.

After more thinking about the SR seized coins influence on the price, IMO there is no direct influence on the price at MtGox.
There is already an upward trend at Bitstamp, due to the new demand for coins. IMO the MtGox market has factored in the
expected future price increase, which will happen mostly on Bitstamp (and others), maybe even closing the price gap with MtGox.
So IMO the fundamentals on MtGox won't support this price level for too long and a downward correction should happen.

This is true, there are ways where external events can impact the price at MtGox and other exchanges, however; that impact is only large enough to reflect the size and nature of the event that happened, similar to a stock exchange and the worldly events that occur (ie: US Government Shutdown). Other factors that affect MtGox could be the way it operates itself, losing investor confidence, and of course, the US government seizing its funding/ law suits going on.

The market will correct downwards. This rally has no substance, price is rising too fast on too little volume.

I agree with half of that. The market will correct itself, and nobody will know when.

As for volume, you could relate it to supply and demand. When supply is abundant, and demand is low, the price reflects that scenario, and goes down; and vice versa.

[molecular]

After such a large price increase, IMO we can expect a crash within 3 - 4 days.

I can't wait for you to do an "Adam 180"

[theonewhowaskazu]

Tired of $150. Either go to $100 so I can double my BTC holdings again, or go to $200 so I can feel rich.

[maursader]

Yeah, still gonna bubble up then crash

[cypherdoc]

OP be tired no more.

[BittBurger]

Soooooooooooo tired of $150 already.

$140 was torture.   Weeks ... and weeks.   But it made my financial advisor shut up about volatility.   Almost worth the price of admission there.

But yes im ready for $160.  lol ..

[Birdy]

$140 here we are again....oh wait that's Bitstamp not Gox

[yogi]

This market is perverse.

There are lots of small sells, but large and infrequent buys, what going on?

Oh yes, and, $160 here we come.

[ehoffman]

Big movement in the last few minutes...  Almost 160 now!