Looks like a new bubble is coming | Bitcointalksearch.org

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: XXthetimeisnowXX on July 31, 2013, 11:05:36 AM

dropping like a rock. im out, ill wait for it to stabilize around 101? then get back in.

curious thing, if the cause of the rise was related to fears of gox USD insolvency, why would people sell back into gox? i think this is just a normal retracement after jumping up to 111 from being below 100 for so long

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

dropping like a rock. im out, ill wait for it to stabilize around 101? then get back in.

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: Raize on July 31, 2013, 09:42:53 AM

Quote from: franky1 on July 31, 2013, 07:15:27 AM

miners are now seeing difficulty jumps and beginnng to hoard or atleast rethink a fair value for their coins.

For myself, this is pretty much spot on.

Since there really is nothing that newsworthy that would be causing the bump right now from what it appears, this seems the most likely cause.

Raize

donator

Activity: 1419

Merit: 1015

Quote from: franky1 on July 31, 2013, 07:15:27 AM

miners are now seeing difficulty jumps and beginnng to hoard or atleast rethink a fair value for their coins.

For myself, this is pretty much spot on.

lonestranger

member

Activity: 115

Merit: 11

I like long walks on the beach, shaving my head...

Jbanna,
could you give more detail on the conference? Presentations? Conversations? Attendees?

Jbanna

full member

Activity: 151

Merit: 100

Quote from: Itcher on July 31, 2013, 05:26:20 AM

Inside Bitcoin Conference yesterday?

i was there. wasn't that interesting.
if anything it made price rise slower than it would have.
lol

franky1

legendary

Activity: 4424

Merit: 4794

also to add while ASIC miners were selling off their 1.6BTC a day mining income for $90/btc($144) quite happily, knowing they are getting an income higher then national minimum wage per week.

miners are now seeing difficulty jumps and beginning to hoard or at least rethink a fair value for their coins. along with the remaining GPU farmers and those eager investors in spring time that got coins for over $200, they will all start to put a minimal sale price in mind of $120 upwards.

.............possibly

speculation can be anything if it sounds plausible

AceCoin

full member

Activity: 167

Merit: 100

maybe is for this:

29 july 2013

http://www.rte.ie/news/business/2013/0729/465281-cyprus-deposits/

"depositors at the country's largest bank will lose 47.5% of their savings over the €100,000 insurance limit"

"Restrictions on money withdrawals and transfers were imposed for all banks to head off a run on the institutions"

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: AceCoin on July 31, 2013, 05:14:49 AM

but this time i don't understand to what is related this growth

Making a move on news just helps non-traders think it's organic. "News," for the most part, is inconsequential, and there's so much news, if you really want an "explanation," you could find just about anything and point to it. The movement itself is the real news, and it doesn't really matter whether or not it was triggered by one guy making a big bet, because now everyone's diverting their attention to Bitcoin trading.

Unconfirmed reports of two men spitting fire on Ben Yehuda St. O look, it's a sign from God! It's the apocalypse!
Unconfirmed reports of Thailand Central Bank declaring Bitcoin outlawed. O look, it's a sign from Gox! It's the apocalypse!

Itcher

full member

Activity: 364

Merit: 100

Inside Bitcoin Conference yesterday?

Serge

legendary

Activity: 1050

Merit: 1000

Quote from: AceCoin on July 31, 2013, 05:14:49 AM

but this time i don't understand to what is related this growth

venture capital, more serious interest and of course drama over small unknown Thai exchange and their interpretation of BoT advisement to them, oh yeah and the pirate ponzi case

and asic miners i would think less forward selling their coins right away

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

observes but very possibly it could occur upward

No_2

hero member

Activity: 906

Merit: 1034

BTC: the beginning of stake-based public resources

Quote from: AceCoin on July 31, 2013, 05:14:49 AM

but this time i don't understand to what is related this growth

Could be the Cyprus crisis is back in the headlights:

https://bitcointalksearch.org/topic/2013-07-29-bitcoin-magazine-cyprus-depositor-bail-in-set-at-475-264247

AceCoin

full member

Activity: 167

Merit: 100

but this time i don't understand to what is related this growth

Serge

legendary

Activity: 1050

Merit: 1000

are you suggesting that it's going to pop some time soon?

Kluge

donator

Activity: 1218

Merit: 1015

All-in long on this one.

Go yellow!

AceCoin

full member

Activity: 167

Merit: 100

Kazimir

legendary

Activity: 1176

Merit: 1011

Nope, looks like a new correction is coming. Upwards, that is. And yes I'm ready. Still got way too many euros on my hands that I need to get rid of, now that they're still priced high (like 0.0125BTC each or something).

wopwop

sr. member

Activity: 252

Merit: 250

Are you guys ready ??

Topic: Looks like a new bubble is coming (Read 1640 times)