[hnolable]

Waiting for tokenadult to repost his Bitcoin comment: https://www.google.com/search?q=site%3Anews.ycombinator.com+...

In all seriousness though, there is one interesting thing that is different now from last time. Last time being the previous frenzied Bitcoin price hype bubble that peaked at 31$. No one fears that Bitcoin will crash to 0/pennies anymore once the price stops climbing, at least not due to standard market forces. It's pretty well established now that there is some baseline demand that will form a price bottom (assuming no large network attack occurs). What effect that will have on this bubble (if one forms) is hard to say but it should be interesting and not a repeat of last time.

[SlipperySlope]

Sure many say that now. But what if public greed takes over again and prices rapidly approach say $60, then the price rise would be hyperbolic and crash back to somewhere below here.

... just along for the ride with the bitcoins I mined and am hoarding.

[btbuildem]

Well, you sell high, and buy back low, presumably.

[pygy_]

When you look at it in log scale, you also realise that the current growth rate is pretty tame compared to what occurred in the spring of 2011.

http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zvzl

[loeg]

I sold at $17 and don't regret it (bought at $14-15 earlier that week). But my typical use is of bitcoin is a as barter currency (where the other party only cares about dollar value), I'm no speculator.

[uncoder0]

Similar story here. Bought and mined about ~100BTC when it was around 5$/BTC and sold @ 10-15. I converted some to physical coins from https://www.casascius.com/ and keep those on my desk. I guess I should put them somewhere less obvious. Haha

[loeg]

Oh, for me it was more like 2-3 BTC. So not a big risk to me either way ;-).

[chii]

wow thats a really neat gift/toy idea!