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Topic: Bubble 3 starts now (Read 3891 times)

legendary
Activity: 1064
Merit: 1001
November 03, 2013, 09:24:46 PM
#32
Next bubble will start on approximatly 18 december Wink



Maybe this new bubble will head us to 300 at least.
at least towards 1000 USD, probably higher (2000-2500 USD)

I like it how the same guys will scream "going to bite the dust!!" when bubblepop time will come.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
November 03, 2013, 10:05:58 AM
#31
Next bubble will start on approximatly 18 december Wink



Maybe this new bubble will head us to 300 at least.
at least towards 1000 USD, probably higher (2000-2500 USD)
full member
Activity: 154
Merit: 100
November 03, 2013, 10:03:32 AM
#30
Why do you think that it's bubble now? I doesn't look like that. Even price is steady for 2 days, no rush buy...
legendary
Activity: 1582
Merit: 1001
November 03, 2013, 09:53:40 AM
#29
This is no bubble. This is smart money buying up as many bitcoins as they can shake from the tree..  just try to pick up scraps when the big players pull the branch down
full member
Activity: 145
Merit: 100
November 03, 2013, 06:15:51 AM
#28
Maybe this new bubble will head us to 300 at least.
legendary
Activity: 1582
Merit: 1001
November 02, 2013, 06:33:58 PM
#27
I am throwing caution to the wind

no more buying and selling until I see 1 k per BTC
then I will just sell enough to cover my investment and hold for 10k
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
November 02, 2013, 06:18:22 PM
#26
I expect resistance at $266, then a pull back to $158ish before the next leg up to $317. But then again it it might just blow straight through and form another bubble.




sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
November 02, 2013, 06:05:13 PM
#25
I expect the price to dip before we see it surge past 300
hero member
Activity: 532
Merit: 500
November 02, 2013, 09:11:54 AM
#24
I usually check Google trends to see if there is any correlation and it seems to be coming mainly from the chinese exchanges.
hero member
Activity: 784
Merit: 500
November 02, 2013, 08:56:47 AM
#23
Nope, I don't see any bubble, the price is increasing fast Smiley
member
Activity: 80
Merit: 10
November 02, 2013, 07:49:01 AM
#22
So, just going to cross post here but the OP is a little late since I asked this question October 3: https://bitcointalksearch.org/topic/will-silkroad-launch-another-bubble-308317

legendary
Activity: 1330
Merit: 1000
November 01, 2013, 08:00:53 PM
#21
Of course it's totally orchestrated.  The US media has plenty of experience creating speculative bubbles for their paymasters.
legendary
Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
November 01, 2013, 10:59:58 AM
#20
bubble are fun... when you know when to pop it...
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
November 01, 2013, 10:57:44 AM
#19
The funny thing is that 10 days ago every body was saying "damn the price jump too fast... a correction would be soooo healthy".
And now that we have our correction and a one week consolidation, people begin to doubt.

Yeah, that's how markets move  Wink





 Wink

Nice one  Cheesy

On a serious note, a pull back and consolidation is a healthy sign in a bull market. The time to get worried is when it goes up parabolically without any pull back.
legendary
Activity: 2338
Merit: 2106
November 01, 2013, 10:34:45 AM
#18
The funny thing is that 10 days ago every body was saying "damn the price jump too fast... a correction would be soooo healthy".
And now that we have our correction and a one week consolidation, people begin to doubt.

Yeah, that's how markets move  Wink





 Wink
sr. member
Activity: 448
Merit: 250
November 01, 2013, 09:27:24 AM
#17
Yes, because everything has to be a giant conspiracy theory  Grin

OTOH,

If someone had such a plan, then to me he would be really stupid. Investing in bitcoin already gives you chance to be rich without dirty tricks. There is simply no need to.
And if someone is thinking to have even more billions then my question is what for? Look at Bill Gates. Even if he could he can't spend such amount of money he owns in reasonable way and you won't take that money to your grave too.


It has nothing to do with getting rich or even greed. The point for those who are addicted to wealth and power is not just to get rich, it's to screw over everyone else in the process. Rich is relative. A million dollars isn't rich if everyone has a million dollars. But if you can keep it so that statistically, most people only have $10,000 dollars and you have a million dollars, you get your "fix" of wealth and power. And then you do it some more so that now most people have $1,000 dollars and you have one billion. Etc etc. They are attached to wealth and power so they hurt others in an effort to extract even more wealth and power from them (many ways to do this - currency debasement, centralized food production starting with grain agriculture, regulation & market controls, etc)
newbie
Activity: 27
Merit: 0
November 01, 2013, 08:43:37 AM
#16
If someone had such a plan, then to me he would be really stupid. Investing in bitcoin already gives you chance to be rich without dirty tricks. There is simply no need to.
And if someone is thinking to have even more billions then my question is what for? Look at Bill Gates. Even if he could he can't spend such amount of money he owns in reasonable way and you won't take that money to your grave too.

However right I think you are in my eyes, I think you underestimate the level of greed some individuals are capable of.
legendary
Activity: 1036
Merit: 1000
November 01, 2013, 08:03:01 AM
#15
I would read the ratio with extreme caution. In my experience, it's useful to a) look at the norm. ratio on bitstamp vs. that of mtgox to look for divergences (up or down) and b) concentrate on the short term only -- how the ratio developed over the past few days. Anything longer than that, as far as I can tell, is noise. Additionally, the ratio both leads price occasionally, but also follows it pretty often, perhaps more often in fact. I only use it as one of many pieces in analysing the price, but it's not completely useless IMO. Example: Both bitstamp and mtgox show a very nice divergence in the ratio before the recent correction from 200+, starting a few days earlier. This could (should) have been a warning sign for those who thought the run-up would continue uninterrupted. (not that it ever does Cheesy)

Sounds sound. I had noticed that the ratio sometimes seemed to lead the price, so it was like a "secret" kind of early signal of what would happen, but of course it often follows instead. I also came to the conclusion that it was mildly useful.
legendary
Activity: 1470
Merit: 1007
November 01, 2013, 07:49:26 AM
#14
I would read the ratio with extreme caution. In my experience, it's useful to a) look at the norm. ratio on bitstamp vs. that of mtgox to look for divergences (up or down) and b) concentrate on the short term only -- how the ratio developed over the past few days. Anything longer than that, as far as I can tell, is noise. Additionally, the ratio both leads price occasionally, but also follows it pretty often, perhaps more often in fact. I only use it as one of many pieces in analysing the price, but it's not completely useless IMO. Example: Both bitstamp and mtgox show a very nice divergence in the ratio before the recent correction from 200+, starting a few days earlier. This could (should) have been a warning sign for those who thought the run-up would continue uninterrupted. (not that it ever does :D)
legendary
Activity: 1036
Merit: 1000
November 01, 2013, 07:23:00 AM
#13
The relevant figure isn't the bid depth or ask depth, or even the bid/ask depth, but rather the bid/ask depth divided by the price. I wish blockchained.com would show that, though you can sort of eyeball it.

Anyway, enough blabbering: we are indeed on a rocketship to Mars. It's funny though, we have this circus atmosphere and almost no price movement. It almost makes me wonder if we will go down instead, but no, if I imagine looking back on this time as right before a major crash it seems silly. If I imagine looking back on this time as just before an incredible rally, it seems totally obvious.

http://www.coinorama.net/ --> Settings --> 'Normalize bid/ask ratio'

Hmm...doesn't look so bullish. Though I'm not sure I'm reading it right.

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