It looks like $700 is the new $150

[papaminer]

remember those days with $150 strong hold?

here comes the $700

[jamesc760]

600 will be tested and may be breached today or tomorroe.

[bitbeg]

Because it has hovered around $700 for half a day?

[wanttolearn]

i think the price will move between 600-800 now.

[beaconpcguru]

Because it has hovered around $700 for half a day?

Because the amount of volume that was required for this drop was much lower than normal due to lack of moral around false news brigades, now that we hit 50% of the price the volume didn't match the amount of the 900 -450 drop until all the buys back in.  Its going back up, people try to compare this to April where we had MtGox go down, Lag for 4 hours (with no GoxLoop™) and the blockchain forked.  Of course its different this time, not for no reason but for those reasons.  Don't get caught up in the greed train..

[papaminer]

when it was $150stronghold + CHINA rally + Senate Meeting = price shoots up $1000+


now that it is on $700stronghold + (I dnt know yet) +  (I dnt know yet) = New PRICE HERE....


let's not forget that the $1000+mark caused a lot of "MORE ATTENTION" than the first $100+mark... when bitcoin got to $100... it got around 1400%+ increase in mining difficulty... which means more people are mining + ASICs coming in...

[Okurkabinladin]

remember those days with $150 strong hold?

here comes the $700

You are around for only two months?

[papaminer]

remember those days with $150 strong hold?

here comes the $700

You are around for only two months?

my profile says:
Date Registered:    August 04, 2012, 05:36:20 PM

so yeah I think you're right?

[Edward50]

I still find it had to believe that bitcoins are sustainable even at $700 range. I just don't see enough buyers willing to cash out all the people holding coins and I think if the price holds around here for long there will start to be more and more selling pressure.

Probably just a short term hold around here as people still think it is cheap. Will probably hold around here for a few days and then start to head lower. The first bubble went down in steps like this also and it looked like it had hit the bottom many times.  

[BitcoinBarrel]

Things aren't always what they seem 

[beaconpcguru]

Or 570 is the new 57

[bitcoin44me]

Or 570 is the new 57

I don't think so

[Equus]

I remember the price bouncing from $260 to $60 to $150, and then gradually falling down to $60 again.  Yes, I think that $700 is the new $150.

Also, like $150, I think that in six months people will be thinking: "Wait, I could have bought a whole bitcoin for only $700???"  

[dopamine]

panic buying just because you sold to buy lower this will be back to 800

[PenAndPaper]

The senate meeting barely had any impact on the price. It was news from china + more news from china that brought the price that high.

[T.Stuart]

The senate meeting barely had any impact on the price. It was news from china + more news from china that brought the price that high.

Disagree. The senate meeting played a significant role in the rise from the low hundreds to over one thousand.

[beaconpcguru]

I remember the price bouncing from $260 to $60 to $150, and then gradually falling down to $60 again.  Yes, I think that $700 is the new $150.

Also, like $150, I think that in six months people will be thinking: "Wait, I could have bought a whole bitcoin for only $700???"  

Apparently you also don't remember that the blockchain had forked, MtGox couldnt be logged into for 8 hours prior to 8 hours of lag and a 12 hours shutdown and panic was induced.  This panic was induced with sheer brute force of running up fear and then dropping 5000 coins into a GoxLoop™ followed by another 5,000 coin drop while everyone re-grouped and this induced a pain and natural correction and crash that resulted in a 50% drop.  The comparisons to April are slim, no forks, no outages and it was in need of a small community based correction.  Sorry you decided to say "Faq BTC" at 100$ and threw your cash away, if you were noting comparisons you would also note that the run down in April still finished 5 times higher than where it started ie (12$ - 60$) so start at 109$ x 5 = 545 would be the new 57.  Good luck with your 200$ bids though,  I wish you the best on encouraging others to donate to you

[papaminer]

Dnt forget..

LACK OF BITCOINS is the root of all EVIL....

thats why CHINESE GOV is spreading FUD...

so they can BUY BITCOINS CHEAP!...

when CHINESE GOVs have enough bitcoins... they'll say...

(chinese accent) OWKIE WE ACCEPT BITCOINS

[PenAndPaper]

The senate meeting barely had any impact on the price. It was news from china + more news from china that brought the price that high.

Disagree. The senate meeting played a significant role in the rise from the low hundreds to over one thousand.

Because the chinese gave a single fuck about the senate hearing? It was the chinese driving the price all the way.

[papaminer]

Dnt forget..

LACK OF BITCOINS is the root of all EVIL....

thats why CHINESE GOV is spreading FUD...

so they can BUY BITCOINS CHEAP!...

when CHINESE GOVs have enough bitcoins... they'll say...

(chinese accent) OWKIE WE ACCEPT BITCOINS

It could be a possibility, chinese are masters at manipulation. But even if it is the case, they will bring the price way lower to buy.

they do not want it to be VERY OBVIOUS...