$6 today?!

[proudhon]

The ask depth is looking a little scary right now.  I really hope it fills back in.

Scary for you

Scary for a lot of people.  I'm worried that if we snowball into the same sort of behavior we saw last April through June we're likely to see the same sort of long term reversal.  I don't think the integrity of the project can handle that a second time.

[ineededausername]

6.4 please

4.6 please

(not done stocking up yet, haha)

Someone got left behind by the rally train!  We have to go back for them!

seriously. i'm actually proud of you to have changed your position from bearish to bullish so quickly.  thats the sign of a good trader.  so many others refused to do so and now look at them...

Permabears are in deep shit right now, that's for sure.  I know people who shorted at $2, and when it went up they didn't cut their losses... oops.

[cypherdoc]

The ask depth is looking a little scary right now.  I really hope it fills back in.

Scary for you

Scary for a lot of people.  I'm worried that if we snowball into the same sort of behavior we saw last April through June we're likely to see the same sort of long term reversal.  I don't think the integrity of the project can handle that a second time.

i don't think you can handle another rally like last time.

[ineededausername]

The ask depth is looking a little scary right now.  I really hope it fills back in.

Scary for you

Scary for a lot of people.  I'm worried that if we snowball into the same sort of behavior we saw last April through June we're likely to see the same sort of long term reversal.  I don't think the integrity of the project can handle that a second time.

I'm worried that if tech stocks keep going up, we could see the same sort of behavior we saw in '00 and '01.  I don't think the internet can handle that a second time.

[Serge]

950k USD on the bid side of mtgox 

the USD just keep piling up on the bid side, 970k now

[payb.tc]

6.4 please

4.6 please

(not done stocking up yet, haha)

Someone got left behind by the rally train!  We have to go back for them!

seriously. i'm actually proud of you to have changed your position from bearish to bullish so quickly.  thats the sign of a good trader.  so many others refused to do so and now look at them...

Permabears are in deep shit right now, that's for sure.  I know people who shorted at $2, and when it went up they didn't cut their losses... oops.

i've always been long-term bullish.

previously, i was bullish and got excited whenever the price went up.

currently, i'm bullish, but want the price to go down (and stay down for 3 to 6 months while i inject more fiat)

[ineededausername]

The price is going parabolic and has spiked 3 times today, which is unprecedented, I think. 

Warning to the bears: there are 2 askwalls and a mound between the bulls and the 0-asks zone.  Here it comes.  (I know asks will fill in, but they fill in less and less these days...)

[proudhon]

The price is going parabolic and has spiked 3 times today, which is unprecedented, I think. 

Warning to the bears: there are 2 askwalls and a mound between the bulls and the 0-asks zone.  Here it comes.  (I know asks will fill in, but they fill in less and less these days...)

Things are already starting to slowly fill in.  When I wake up in the morning I expect to see that somebody with a lot of BTC has cashed out and depth to $7 has almost doubled.

[Mark Oates]

what happens when we reach that 6.60 wall?  

[Serge]

what happens when we reach that 6.60 wall?  

dump a little and resume

[ineededausername]

what happens when we reach that 6.60 wall?  

dump a little and resume

And then omnomnom

[Patrick||Rodgers]

don't jinx it.

[cypherdoc]

6.4 please

4.6 please

(not done stocking up yet, haha)

Someone got left behind by the rally train!  We have to go back for them!

seriously. i'm actually proud of you to have changed your position from bearish to bullish so quickly.  thats the sign of a good trader.  so many others refused to do so and now look at them...

Permabears are in deep shit right now, that's for sure.  I know people who shorted at $2, and when it went up they didn't cut their losses... oops.

i've always been long-term bullish.

previously, i was bullish and got excited whenever the price went up.

currently, i'm bullish, but want the price to go down (and stay down for 3 to 6 months while i inject more fiat)

you won't get that chance i promise you.

[Mark Oates]

what happens when we reach that 6.60 wall?  

dump a little and resume

And then omnomnom

[miscreanity]

Growth is ~8.6% per week, even after the bubble. If this is reversion to that mean, we could see the previous highs met by February and the $50+ range by March. I'm not sure a swing high would see $100 this year, but the way the world is going it could happen.

I'm a little cautious with the dailies now that the weekly advance is >1 standard deviation above the prior week's, but the high $7 range is the real weekly danger zone. It'd be nice to see consolidation through the weekend above $5.40 and be able to nibble in the $4.80-5.40 area.



The system only needs USD inflow of ~$300,000 per week to maintain the current price level. Almost 10x that pouring in during the past week alone. From the November low, weekly USD inflows have averaged above $1mm, so a fairly stable price could realistically be in excess of $20/BTC. With the most recent week showing $2.5mm, that's reaching $50/BTC.

I'm just curious as to long these flows will be sustainable, and where they're coming from.

[byronbb]

An amazing 5 day run. Bid walls are spoofs to setup foolish shorts for a raping. Maybe.

[cypherdoc]

i love the smell of Napalm.

or is that burning Bears?

[Mark Oates]

drama! 

[proudhon]

back to 6

I'm sure we'll be under $6 any minute now.

Edit:  And as I posted that, there it went.

[Tuxavant]

Notice to service providers: Please batten down the hatches so this run doesn't suffer any further setbacks!