How nervous are you about another crash?

[TERA]

Youre expecting a 20x bubble 6 months after a 20x bubble?

[BitAddict]

Not scared at all. Going up and down is part of the game  

But I'm excited to see what happens!

[sgbett]

Youre expecting a 20x bubble 6 months after a 20x bubble?

At some point, people are going to have to stop calling April 2013 a bubble, and start calling it a correction.

It was a deep correction - as to be expected following such a big run up, but the price didn't collapse so much as it bounced along, as you would expect during a correction. Then, as you point out, 6 months later we are back in the same region again.

Looks very much to me like we are just getting back on trend. Only this time we have a floor in the region of $80-100 instead of the ~$5 we had at the start of the previous run up.

Other than some nervous hesitation around the $266 mark, I don't think there is going to much resistance to the upside. 5-10 fold increase likely. 20 not out of the question though.

(Long. If you hadn't guessed)

[phillipsjk]

Youre expecting a 20x bubble 6 months after a 20x bubble?

No, I am expecting a 10x bubble within a year of a 10x bubble.

It has happened before.

The price rose from ~$0.07 USD to $0.40 USD in October-November 2010. (OK, only a 5x increase, price "crashed" at ~ $0.30)
In June of 2011, the value peaked at about $30 (100x rise) before "crashing" to about $15, then slowly sliding to $5-$3 over the next year (Bitcoin was dead!).

All of September, I was waiting for a dip to $80 USD which never came. A few days before the Silk Road news, I told my dad we would never see $80 coins again. Sure enough, the dip (that I missed because it was so short) stopped just shy of $80USD. This tells me there is some fundamental strength in the price. It also shows that it is not all drug sales propping up the price (though it could still be speculation).

TL:DR: any price in the range of $150-300 is probably a good investment.

[silvergoldandbitcoin]

It would appear I can predict trends in the BTC price xD

I feared a price drop... the price is headed down... maybe I should develop a phobia of unbelievably huge price increases...

[1Pakis]

My trading robot takes advantage of this situations 

[bitcryptonit]

I'm also not nervous at all. I wasn't expecting to be a billionaire in a month. I'm holding my amount of bitcoins and didn't lost anything and i'm sorry for people who sold and lost because of this.

[silvergoldandbitcoin]

My trading robot takes advantage of this situations 

Which bot are you using, if you don't mind me asking?

[jehst]

Looking forward to another crash. I've got some fiat ready. But the problem is that everyone wants the chance to get some $50 btc again, so I'm afraid it just won't get there.

[1Pakis]

Rebalancing portfolio
from https://cryptotrader.org/

[boioioing]

WTF

Just saw an order on bitstamp for about 1200 coins bo buy at 210$. Price was auround 187$.
It rose in 2-3 miutes to 205 and then crashed back to this niveau.

Who does things like this?

Edit:
When you place a buy order far above market price, will then the effective buy price be that high price or the actual market price? This question is about bitstamp.

[1Pakis]

Will buy anything up to that price.

[Buster]

Edit:
When you place a buy order far above market price, will then the effective buy price be that high price or the actual market price? This question is about bitstamp.

The orders will be filled starting at the lowest ask order price and continues across the ask orders all the way up to the last coin requested, with a maximum spend of $210 per coin. So the ~2000 coins were probably mostly filled at around $184 to $200.

Maybe we'll see a dump of those coins when they can be sold above $200.

[Mitchell]

The price crashed already from €150+ to €132

[boioioing]

Thx for the answer.

I'm just sitting this out now as the market reacts crazy at the moment. I also tend to buy and hold now, as you can never tell how the price moves. Watching the price all the time is also money consuming.