MtGox broke volume exchange record yesterday with 36672.7 bitcoins. That's a lot!

The possibility of a volume record breaking is high now with 42669 bitcoins.

100% agree

you're right.

Mtgox has become the market leader and on all other exchanges volumes are ridiculously low.

Just jumped over .08, So does anyone have thoughts on what is happening here?

> 30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.

No it doesn't. they can trade immediately. they just can't withdraw.

Sorry for my misunderstanding.

It been at 0.06 for a really long time for like 2-3 weeks? In any case, the market seem to practically ignore the fact of monetary inflation.

Today is a historic day for me. For the first time in my life I have made a profit trading a currency - a whopping 30 dollar cents.  

Now I am going to reveal my secret trading strategy, ingenious in its simplicity:

1) Buy Bitcoins whenenver you can afford to lose the USD (or EUR in my case).
2) Never sell Bitcoins for less than you bought them. Ever.

I think the price movement is solely due to the Bitcoin article which is still on the front page of www.fsdaily.com

This created a small extra demand at MtGox, plus a bigger extra demand from existing Bitcoin users who speculated by buying some extra coins before the fsdaily users arrived.