There's been a LOT of capitulation that's already happened after this recent correction.  There hasn't been much profit to take since by dumping, and there certainly hasn't been any exponential growth since.


Seems logical that someone would buy 1,000 bitcoins, at any price, if they believed the price would be climbing higher in the near future.  The actual price is arbitrary.  "Surely come down if they just wait" is not so "sure".  If it were, the price would have already collapsed (certainly if it were as obvious as you make it sound).


Everyday about 10 people allude to how far the price could collapse, during upward movement, due to a large market sale and slippage.  They seem to not even consider that most people would put up a sell wall instead of dumping, unless they liked throwing money away.  When does a dump become more profitable?  Perhaps when there's an obvious bubble and fear that someone else will dump before your ask wall gets eaten into (like last weeks exponential growth).  Right now, and with China's buying pressure, it would seem a state of borderline retardation to dump a huge market sell with significant slippage.  But that's just me..

Glad to see one bear still standing

Bitstamp now again over $200.

This is becoming a nightmare.

Been watching with unbelief since price rebounded from $85 only 3 weeks back.

Tempted to panic buy.

end of the month is coming

the typical pattern at least the pattern that i see is down in the first couple days of the month

Yup

I'm not going all in until that breaks upward.

Have a look at 4h and 1d also...

I'm starting to feel this way. Any Eliot Wave folks around here? I remember notme posting that the $233 peak was the start of an ABC corrective wave downward -- would love to see some pictures. 

I hate to break it to you, but everyone loves their money.

Don't be racist

You bears are going to be pissed pretty soon (probably already).  

10$ to 100$ in a few months and we hear nothing.  Now 100$ to 200$ over 6 months, with new investors and positive news, and that's unsustainable..  

Going from 1$ to 100$ isn't even questioned, but a double up over 6 months and everyone is shitting their pants.  Do you realize how tiny this market still is?  2 billion market cap, lol.

That's just it. For the tiny "market" bitcoin actually services at this very moment, the 2 billion cap is grossly overvalued.

Undervalued like hell though when you look at the potential of this thing and the scope of things to come. So it's just people speculating for a profit right now. Greed at work.