I am wrong a lot, but wow, did I get my sell at $560 wrong on Bitcoins last week. I apologize for calling the lunatics, lunatics.
Since my post last week, Bitcoins have almost doubled in price again. Here is a sexy chart:
In fairness to the bulls, a logarithmic chart tells a less bubblicious story. I might have been well served to have used this chart which shows much less price extension, my main reason for selling. Bitcoins have digested the hyperbolic moves in the past.
The markets have always been opportunity machines, but once again in 2013 we are witnessing the mobile, social web bringing life changing, non correlated wealth changing platforms and products to the masses in rapid succession.
I apologize to the people that sold on my opinion last week. I owe you a few winners.