600 taken out at Mt. Gox!

[btcprice]

Who would have thought we would have seen 500 AND 600 both exceeded within one day? The day started out at 485. When will we see 1000?

We live in interesting times.

[jasonjm]

no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.

[eindbaas]

time to drop the bomb fella's

[Davyd05]

no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.

quite normal when it's pre-adoption and still cutting edge, witha populace yet to fully grasp of its utility and application purposes.

Still here people discussing it being used...mainly as a drug barter tool lol... tell that to probably 1 trillion usd floating around the cartels and terrorists.

hell if we could reach that market share bitcoins are currently hugely undervalued.

[bitcon]

at this rate 1000 by thanksgiving.

[Paladin69]

What the hell is going on?  Somebody is manipulating the hell out of this.

[gjgjg]

But why isnt bitstamp rising as high...?
$70 difference is too suspicious

[SgtSpike]

But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

[bitcon]

But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

or gox is artificially & fraudulently manipulating the exchange rate way above what it should be to sketchy and profit.

[bitbob82]

why does it have to go up so fast? i cannot sleep, please stop a while and rest

[gjgjg]

But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

hope so, or the big financial players are using gox and they have a heads up on the hearings today!
last thing i want to see is waking up to a bitstamp hack or similar.
also...if i just move my coins to gox ill get 70$ profit per coin. shame the withdraw time is slow

[sickpig]

why does it have to go up so fast? i cannot sleep, please stop a while and rest

place a stop loss order and go to bed

[sickpig]

But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

or gox is artificially & fraudulently manipulating the exchange rate way above what it should be to sketchy and profit.

now @BTCChina: $652.21/ ¥3977

[Rupture]

It's climbing too fast, there has to be a correction soon...

[cambda]

no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.

The fast price rise doesnt smell right, seems we will see correction very soon. But how low, that is a question.

[sickpig]

But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

or gox is artificially & fraudulently manipulating the exchange rate way above what it should be to sketchy and profit.

now @BTCChina: $652.21/ ¥3977

and more to the point the arbitrage between btc-e and gox is a lot smaller than the one between bitstamp and gox. maybe it's just a bstamp problem.  

[gjgjg]

no worries, its normal for financial instruments to rise over 30% in a single weekend. Amazing.

The fast price rise doesnt smell right, seems we will see correction very soon. But how low, that is a question.

grab an metatrader4 demo account from btc-e: shows some nice price bounce points. the current ones are at $500, then 480, 450, 440 and the biggest one at 320 (all btc-e prices). i started it last week with some basic fx graph templates; going over previous drops in price, it bounced off them very nicely. ill try post a pic...


edit: as i wrote this, the price literally just bounced off 480 on btc-e: the 'previous day low/prev week high' bounce point L0L!

[PrymeTyme]

time to drop the bomb fella's

it dropped.. .. time to buy !! again

[SgtSpike]

But why isnt bitstamp rising as high...?
$70 difference is too suspicious

Takes time to put new money in.  Either people in gox already had USD sitting on the sidelines, or there are less people on gox willing to sell than there are on bitstamp.

or gox is artificially & fraudulently manipulating the exchange rate way above what it should be to sketchy and profit.

now @BTCChina: $652.21/ ¥3977

Now $710 at BTCChina.

I'd still say China is driving this rally, and it really doesn't have much to do with Gox.

[Mirsad]

BTC China FTW!