Unless Mark Karpeles is lying, there's already much, much more than that waiting at Mt.Gox, off the book.

I believe he stated that MtGox was receiving $5M to $20M per day as of early April. (Reuters Interview)

They have more than 215 000 brand new customers Q1 2013 + the first half of April alone.

We're may have to start talking in terms of mBTC μBTC much sooner than I would have expected only a few weeks/months ago.

Your point has serious problem - I was late yesterday to buy at 121 at first crash, if I had put my order 10-15 seconds before, I could make hundreds of dollars in 2 minutes. Then again do it 2-3 times til today in some longer periods. I did bought them in low 120s again and sold in 130s but I've missed 2 earlier opportunities - one because I was late, 2nd because I was not in the state to rationally try to analyze the market so I just decided to miss it.

Your point completely takes those possible profits out and suggests I should buy now at 136, eventually sleep through it's dipping to 120 and wait if it goes up above my entry point to make some profit. It's not only pretty nonsense system,  it's boring too, I'd rather sell socks on the street

I'm here to grow my small group of coins or lose them all. I don't care what price of btc would be in 5 years if I have them as many as I do now.

Any updates on the Coinlab integration? Their website is still stuck with the March 21 update.

http://coinlab.com/transition

They updated it it May 6th awhile ago.

Who said I'm holding my bloody fiat, lol. Have you read my posts at all?

I'm holding fiat when I, and I'll repeat it when I, think it's the best thing to do. I might and have been wrong many times but I'm taking full responsibility for that as it's my money, not anyone's else. And it's Me who is going to do things with it, not anyones else wishes. I'm perfectly ready to research stuff and take advice from people I believe are worthy of that but on the end it's Me who is making decisions, nobody else.

As soon as I feel, and I repeat when I feel, that it's better to hold coins, I hold them.

And neither of those tow means holding as putting it when sun doesn't shine, it can mean I'm holding any of them for hour, two, 5, day, two or 5 until I feel it's better to hold other one.

What exactly has happened to make the fundamentals stronger? People don't care about DDos as much as they used to anymore, but even then the last time Mt got Ddos'ed for more than an hour the price shot down - and then quickly up.

Exchanges are really weak at this point. 4 of them have been shut in one week because banks closed their accounts. What happens if mt's account is closed? We go from 137 to 5.

Until we get a robust exchange which is likely within a few months, I think the price is hugely overvalued. It might in the very short term go up to 160 again, but the trendline is down for a bit because it is just too risky to invest at 140 and those that might buy would be very jumpy.

Moreover, the press attention reaches a saturation point. Most people have herd about bitcoins now. Most certainly everyone that works in finance has herd about them but even your mom and dad has herd about them with bitcoins having been mentioned in the news all over. Whoever has wanted to buy has done so or will finish doing so this month or next.

Institutional investors might think of getting on board, but stocks give good returns, are certain to be worth at least half their price and are safe for the investment manager to invest in. On the other hand, bitcoins is of the highest risk, the price has no stability so the investment would need to be actively managed which is quite expensive and the market is quite small for big money so it is even more difficult to buy the thing which is quite a big consideration considering how difficult it is to buy even for the avarage joe.

For these reasons, unless we get some big good news, the bear has killed the cat.

That said though, we got this mini crash probably because of all the recent problems with Silk Road. By Monday we might be racing to 200 again.

What about all the merchants; isn't that one of the main goals for bitcoin? I've seen more new merchants accepting in the past week than ever.

There's more than 1500 coins in asks in 1 dollar range from current marketplace and nobody's biting for some time.

That's pretty much my guess. Most of the action will be in how the bids and asks fill in. Support at $120 is getting stronger each time I look