$5.5 today!?

[dree12]

told you.

Still $5.479...
Edit: Now $5.502. So we did reach $5.5 again, how long till $6?

[1715053571]

1715053571

[1715053571]

1715053571

[cypherdoc]

told you.

Still $5.479...

sure about that?

[dree12]

told you.

Still $5.479...

sure about that?

$5.6 now, we're skyrocketing aren't we?

[cypherdoc]

told you.

Still $5.479...

sure about that?

$5.6 now, we're skyrocketing aren't we?

 

[proudhon]

told you.

Still $5.479...

sure about that?

$5.6 now, we're skyrocketing aren't we?

I wouldn't call this skyrocketing.  The price is bouncing all over the place.

[Sitarow]

Get them while their HOT HOT!

[Serge]

Last year's April, this year's January )

[cypherdoc]

Bitcoin Sentiment Indicator hits All Time High!

[Sitarow]

Bitcoin Sentiment Indicator hits All Time High!

Well I fully expect that the tide will keep going out for the foreseeable future.

This volcanic eruption of new adoption and optimism has put Bitcoin valuations back up. However can this maintain the critical mass needed to keep bitcoins value above the previous lows?

[cypherdoc]

Bitcoin Sentiment Indicator hits All Time High!

Well I fully expect that the tide will keep going out for the foreseeable future.

This volcanic eruption of new adoption and optimism has put Bitcoin valuations back up. However can this maintain the critical mass needed to keep bitcoins value above the previous lows?

Answer:  Yes.

we were down there for months and we did a classic double/triple bottom testing $2.  i was there and i can tell you there was huge support @$2.

the overshoot to the downside was assisted by shorting on Bitcoinica which came online in September.  the sentiment was highly negative.

as long as there is no break in the code we will never see those lows again.

[evoorhees]

as long as there is no break in the code we will never see those lows again.

I don't think that's an outlandish statement.

[cypherdoc]

oh my, the Dow is breaking up hard.  its up and out of the long term consolidation channel for good this time.

the major Funds on Wall St. are reallocating back into stocks and out of UST's.

Bitcoin will be one of those reallocations.

[cypherdoc]

ppl around here need to listen to Jim Rickards and his theory of Currency Wars.

in a nutshell, every country will take turns devaluing their currency to try and keep exports alive.  aka printing.

its now the Feds turn to take the USD back down since its rise since May has been causing all sorts of havoc in financial markets.  we are now seeing the $DXY topping out and it will begin a long term decline which will drive risk assets.  "they" HAVE to do this or see the financial system implode.

today you're seeing alot of money flowing out of UST's and silver into stocks and Bitcoin is benefitting from this. 

[evoorhees]

in a nutshell, every country will take turns devaluing their currency to try and keep exports alive.  aka printing.

Cypherdoc is absolutely right about that... here's hedge fund badass Kyle Bass on this topic:

http://dont-tread-on.me/?p=11919

[cypherdoc]

in a nutshell, every country will take turns devaluing their currency to try and keep exports alive.  aka printing.

Cypherdoc is absolutely right about that... here's hedge fund badass Kyle Bass on this topic:

http://dont-tread-on.me/?p=11919

yes, i admire Kyle Bass.

whats interesting about the devaluation strategy is that while the central banks try to keep everyone elses currency stable, the ONE currency that can keep going down w/o imploding the economy is the USD.

and its b/c we indeed are the strongest economy in the world; forget China.

so, I THINK, the USD will continue its long term downtrend thus boosting everyone else in the meantime.  we've seen this for 100 years.

Bitcoin anyone?

[kjj]

in a nutshell, every country will take turns devaluing their currency to try and keep exports alive.  aka printing.

Cypherdoc is absolutely right about that... here's hedge fund badass Kyle Bass on this topic:

http://dont-tread-on.me/?p=11919

yes, i admire Kyle Bass.

whats interesting about the devaluation strategy is that while the central banks try to keep everyone elses currency stable, the ONE currency that can keep going down w/o imploding the economy is the USD.

and its b/c we indeed are the strongest economy in the world; forget China.

so, I THINK, the USD will continue its long term downtrend thus boosting everyone else in the meantime.  we've seen this for 100 years.

Bitcoin anyone?

Isn't international finance fun?  I've long been of the opinion that the rest of the world should be lined up around the block to suck our dicks as a thank you for picking the painful side of Triffen's Dilemma and keeping the world afloat.  Everyone loves to party, but they hate to clean up.