$12!!!!!!

[Mageant]

OMG we just hit $12 and we didn't even notice because of the $1 Billion glitch.
 

[Kluge]

It seems the same error as before caused the $12.80 jump. Disappearing sell orders.

[elux]

Asks disappeared, price shot to $12.888. Trading promptly stopped.

[SaintFlow]

if you ask me the ask should disappear a lot more often

[Mageant]

Now the high is down to $11.98998, sooo close!

[elux]

Now the high is down to $11.98998, sooo close!

I sold a bunch at 11.95, and some at 11.97.
Bought back the next minute around 11.60.

My coins were intact after trading resumed.

Current depth to 33.00000 is 11280 BTC.
Trading today could go very well or very badly.

[cloon]

it sucks that gox interrupted this panic buying again!
but buying pressure will come soon again... this spike was not a invalid trade

[cloon]

boah look at btcnCNY:

[Mageant]

It seems we hit $12 for real now!

[hamdi]

go for $13

[fcmatt]

mining is fun again! ;-)

[tvbcof]

mining is fun again! ;-)

As is speculation!  $12/BTC happens to mark roughly the point where I've doubled my speculative investment (were I to cash out at least...and I've zero inclination to do so.)

FWIW, $60/BTC is where I declare victory on my gamble.  At around $100/BTC is where I sell a little to recoup the funds I input.  In the $1000's/BTC I start spending them for things I want.

I continue to consider the most likely outcome for my speculative investment in Bitcoin to be total loss, but less and less so as time goes by.

[goxed]

mining is fun again! ;-)

As is speculation!  $12/BTC happens to mark roughly the point where I've doubled my speculative investment (were I to cash out at least...and I've zero inclination to do so.)

FWIW, $60/BTC is where I declare victory on my gamble.  At around $100/BTC is where I sell a little to recoup the funds I input.  In the $1000's/BTC I start spending them for things I want.

I continue to consider the most likely outcome for my speculative investment in Bitcoin to be total loss, but less and less so as time goes by.

Almost 40KBTC was sold into the spike and nearby trades today.

[papaminer]

niceeeeeee

there goes gpu miners

[420]

niceeeeeee

there goes gpu miners

what do you mean?

[ElectricMucus]

[dopamine]

Bump we hit 12 again

[Gyrsur]

Bump we hit 12 again

pirateat40?

[FreeMoney]

Bump we hit 12 again

pirateat40?

Totally, he's using all those coins to buy bitcoins.............

[Gyrsur]

Bump we hit 12 again

pirateat40?

Totally, he's using all those coins to buy bitcoins.............

nope, to sell at peak and by them back at a cheaper price.

EDIT: peak 12.00 -> sell coins --> by them back at 11.85 --> peak 12.10 -> sell coins -> by them back at 11.95 -> peak 12.35 and so on... would call it "surfing the wave"