If you honestly think this behaviour is going to repeat forever, you're basically admitting that you're clueless.

It's only going to go like that as long as the general trend is down and it's easier to manipulate the price down than up. Once the price is low enough, there is a reversal and the exact same behaviour starts happening in reverse. For a confirmation of a reversal we would need $4 to break though.

So far $2 has been extremely solid as a bottom, we've seen nothing like it after the peak. This (third) time it's unlikely that we'll even see another test of $2 because the support strength of $2 is so massive. If we did see one, it would probably melt quickly and result in a massive crash. But I'm personally starting to favor the triple bottom scenario more than that.

The blood is dried and the corpses are decomposing and stinky.

On bitcoincharts you can tick "volume in currency", that is what you mean, right?

slightly ot, but I just stumbled over a quote I'd like to share:


dont know if this applies here, but I like the sound of it

Ever since I read somewhere that what people think the prices will do is often the opposite of what they really will do, I don't know how to vote any more. There's an urge to invert my vote.

I'm guessing some people at the bitcoin conference decided to invest a little money. They triggered EUR transfers to mtgox on monday and now the money is available to spend on BTC. That's why we cracked 3. Makes sense?

Conference, radio show, Europe getting messed up, and on longer scale the ongoing occupy wallstreet and US liquidity issues. Did I miss anything?

Things I think will have less influence at this moment: Bitcoinica UI change, Bitcoin client 0.5, MtGox countdown.

Try to rationilze why you were dead wrong all you like. How does the egg feel on your face?

I'm with cypherdocs sentiment.

I'm not sure why this song popped into my head: http://www.youtube.com/watch?v=0irL1M15DH8

Whats so funny about a Magical Tux? Its deadly serious!