Semi-rational exuberance anyone?

[Bit_Happy]

Wow, nice move today (just now) someone didn't learn we need kinder, gentler rallies.   

Greed and Fear rule the markets!
Won't people ever learn to calm down?





<Original Post Starts Here>
Last Price: 3.86 High:3.937 Low: 3.64 Volume: 16826

The next few days should be pretty exciting.  

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[BookLover]

           !!!!!!! ditto.

[ryepdx]

Glad I bought that Bitcoin bond!   

[goatpig]

If it wasn't for the attack on Gox we would have stayed at +$4 for the previous week

[gigabytecoin]

If it wasn't for the attack on Gox we would have stayed at +$4 for the previous week

Thank god they have made enough money by now to mitigate the DDOS attacks. Those things aren't cheap.

I unfortunately imagine that DDOS attacks will become one of the massive barriers to entry of any bitcoin service provider.

[goatpig]

If it wasn't for the attack on Gox we would have stayed at +$4 for the previous week

Thank god they have made enough money by now to mitigate the DDOS attacks. Those things aren't cheap.

I unfortunately imagine that DDOS attacks will become one of the massive barriers to entry of any bitcoin service provider.

Indeed a huge pain in the ass. I wonder if Bitcoin will manage to get huge without some sort of p2p exchange

[Bit_Happy]

New High: $6.065/BTC
My "slam-dunk" of a prediction came true, new record highs two days in a row!  
...and I get this excited without owning a single whole Bitcoin.

[Bit_Happy]

If it wasn't for the attack on Gox we would have stayed at +$4 for the previous week

Thank god they have made enough money by now to mitigate the DDOS attacks. Those things aren't cheap.

I unfortunately imagine that DDOS attacks will become one of the massive barriers to entry of any bitcoin service provider.

Indeed a huge pain in the ass. I wonder if Bitcoin will manage to get huge without some sort of p2p exchange

The incentive for more exchanges is going every day now.

Just made it to '$8'!!!
New high   Last Price: 7.7 High:7.99 Low: 5.32 Volume: 49530

[meefozio]

Every time I go to Mt Gox to see that the price has significantly risen from the previous day, I say to myself, "this is insane." 

[thisisharsh]

How sustainable is this though?  Are there any analyses out there about this crazy rise in bitcoin value?

I would like to hear some good arguments to persuade me this isn't a self-reinforcing bubble with nothing at the end of it except a loud 'pop'...

[tomcollins]

Every time I go to Mt Gox to see that the price has significantly risen from the previous day, I say to myself, "this is insane." 

Every time I go there, I think "why does it take so long to move money into Mt Gox?"

[mewantsbitcoins]

How sustainable is this though?  Are there any analyses out there about this crazy rise in bitcoin value?

I would like to hear some good arguments to persuade me this isn't a self-reinforcing bubble with nothing at the end of it except a loud 'pop'...

http://bitcointalk.org/index.php?topic=1493.0

[ChaosFox]

$10/BTC by the end of the month.

I'm calling it.

[mewantsbitcoins]

I say $10 before the end of next week

[N12]

12$ by tonight.

[AtlasONo]

$10 frightens me  

[mewantsbitcoins]

12$ by tonight.

I bet 1BTC against it

[xf2_org]

How sustainable is this though?  Are there any analyses out there about this crazy rise in bitcoin value?

Nobody knows -- or can know -- until after the fact.

The price rise is attributable to a large increase in the number of people hearing about bitcoin for the first time, and wanting to get ahold of a few bitbucks.  If you're a trader or investor for whom 50k or 100k is play money, how many bitcoins would you buy after first hearing about it?

It is entirely possible that bitcoin value will rocket up -- and then stick at the new level, simply because that is the new equilibrium where supply has matched demand.

Or value might plummet right back down.  I don't think it will fall back to $1.

There are only 6,000,000+ bitcoins, and plenty of individuals out there wanting them.  Constrained supply == high price.

[Justsomeforumuser]

If you're a trader or investor for whom 50k or 100k is play money, how many bitcoins would you buy after first hearing about it?

Considering that said traders/investors would have gotten there by being smart, my guess is 0$.  
(We have zero liquidity for a $100k cash-out)

only 6,000,000+ bitcoins, and plenty of individuals out there wanting them.  

I've yet to figure out why they do.
But glod bless their charitable souls of giving me money for having my PC on.

I'm so bringing the pop-corn for when this all does pop.

Firmly hope that the "true believers" will outnumber the supply for quite a while longer though, would love to have some more months of third-party paid-for electricity (anything roughly over 2$ makes for a zero-sum game of free PC time while it lasts).
Shame that we have a coin amount ceiling, but the closer we get, the more frenzy might work it's way in...ho-humm..should be fun to watch.

[pcwizdan]

It's weird, because I started mining when it was $3 a coin, and that was so recently...

Hope this means a solid $7.5/btc for the weeks to come, right guys?