Topic: Bubble 3 starts now - page 2. (Read 3866 times)

Yeah, that's how markets move 

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

It's like the price will only rise once the fakeout is complete. The market always has to surprise people. It will wait out our optimism and only jump when we're sick of waiting and decide to get bearish

And by saying this I'm just making it worse, so I'll shut up now. Or better yet, SELL! SELL! SELL!!!

I totally agree.

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.

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.

Ask sum on MtGox hit he new low since August 2012 lately, while bids are climbing. Sure, that probably has much to do with inability to withdraw fiat from MtGox, but still shows that buy pressure is tremendous. Almost no one wants to sell. Thus I agree with OP, we're definitely going up from here. Where to? To the moon .

This is going to be a nice big bubble. In last days many major (online) newspapers published something about bitcoin (silk road, bitcoin atm, norwegian guy) and all articles were positive.

http://stats.grok.se/en/201310/bitcoin

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.

lets convince the world bitcoin is the future, make it a reality and then dump back into USD and say "AH HA fooled you!"

lol no.

big money is investing not speculating

Based on this, I'm sure it will go down exactly as you say.  

I did notice the shift in attitude from the media, although there is still a long way to go. I think it's because they finally learn and understand the principle of Bitcoin now. After popping up so many times they got to learn about it.

Has anyone noticed that the mainstream media has suddenly turned pro-Bitcoin?  I read the major mainstream articles about Bitcoin every day, and the shift was sudden and dramatic.  My theory is that the rich are planning to create a third major Bitcoin bubble, and the run up is starting now.

If I were super rich, ruthless, and in control of the mainstream media, here's how I would execute such a plan:

Phase I.  Accumulate a large position while keeping the price low.  A major component of my strategy would be to use negative press and occasional artificial flash crashes to discourage other investors from buying.  That phase may be ending now.

Phase II.  Get others to buy and drive up the price.  The dialogue in the MSM has recently switched to venture capitalists and hedge funds investing in Bitcoin, Bitcoin going mainstream, and Bitcoin being an innovative technology worthy of notice.  If this keeps up, we might start seeing a huge price increase from here, perhaps to $2000 or more.

Phase III.  Cash out.  Probably fast, causing a huge crash, accompanied by a lot of press about the final collapse of the Bitcoin bubble.  Perhaps they buy back in at the bottom and sell again when it semi-recovers.

It probably leaves Bitcoin's reputation bruised and bleeding in a ditch, which is exactly what they want.

Questions.  Has anyone else noticed the shift?  Are there better explanations for it?  Can we stop it?  How can we profit from it if we don't know where the top will be?  Is there any way to protect Bitcoin's reputation from the effects of the crash?