Bitcoin Price Update

[anaconda]

$785.00

https://coinbase.com/charts

 

[fatjohn]

so in mid 2011 there was a 2 month rally where the price went from 0.9 to over 30. Approx. x34.
this spring the price rallied from 15 to 255. Approx. x17.
Now from 140 to 1150? Approx. x8.5?

Not too bad, only if I had believed myself. was still stuck with a third during this ride down panicked and sold at 650 now 820 fuck! Hope it crashes....

Ah well 1 month and a half with bitcoins. averaged out at +320%. Was nice, waiting for a crash to buy and hold for a long long time now.

 

[anaconda]

$810.59

https://coinbase.com/charts

 

[anaconda]

It's 8:14 P.M. Saturday in China right now. When America wakes up in a few hours will there be a sell off (grateful that the losses they expected when they went to sleep didn't materialize) OR will they think that the price will continue rising and eagerly purchase more (bidding the price further upward)?

 

[anaconda]

Down again:

$764.19

https://coinbase.com/charts

 

[fatjohn]

What I learned with following these markets is that a sunday is often a bad day. I got out low in a panic but I'm glad not to be in this market anymore.
Now I'm just not gonna check the price action for a while. Hope its going to be dramatically lower in a few days.

 

[anaconda]

$825.74

https://coinbase.com/charts

 

[anaconda]

What I learned with following these markets is that a sunday is often a bad day.

Not too bad so far on this particular Sunday.

 

[anaconda]

$878.87

https://coinbase.com/charts

 

[oyarde]

I'm starting to find this all very amusing.

Myself as well , I actually bought a tiny bit just for the entertainment .

 

[anaconda]

$902.95

https://coinbase.com/charts

 

[Neil Desmond]

It has gone as high as $980 within the past hour.

 

[anaconda]

It has gone as high as $980 within the past hour.

Is that a Mt.Gox price?

 

[anaconda]

Moments later, down to $870.09

https://coinbase.com/charts

 

[Neil Desmond]

Is that a Mt.Gox price?

Yep; it was a momentary peak.

 

[muh_roads]

Bitstamp is boring today.

 

[anaconda]

Bitstamp is boring today.

Looks like things have settled for a moment. BTC seems to have "plateaued" at just under $900. I've just started looking at LTC as of yesterday.

 

[anaconda]

$927.55

https://coinbase.com/charts

 

[UtahApocalypse]

I finally got my bank account set up and purchased 0.05btc

 

[anaconda]

I finally got my bank account set up and purchased 0.05btc

Which exchange did you set yourself up on? I am discouraged with how poorly prepared Coinbase seems to be. Their website is messed in various ways and their customer support seems to be going down in flames. But I do have confidence in their ability to trade bitcoins effectively, so I suppose that is the most important thing at present, and I imagine their priority. I'm sure they are overwhelmed and trying to use their funding efficiently.