Assuming a burst...at what price point is a far call to delve in?
Predicted low point?
Topic: Looks more and more like a 2011 repeat - page 8. (Read 15010 times)
wow I wish I was around then...
November 2010, yep those where the golden times a Bitcoin costs less than 2 cents. The purchase of a singe pizza doubling the price and Satoshi personally still active on this site. Would't it sometime be nice to turn back time.
In Price, I see no bubble , look at the log-chart
When it comes to the volume, I would say its a bubble, so what ?
When it comes to the volume, I would say its a bubble, so what ?
to me it looks like november 2010
From the time line, two price spike matches perfectly with QE2 (November 2010 - June 2011) and QE3 (September 2012 - now), so when QE3 ends, it will be the time for bitcoin exchange rate to sink again. Historically, bubble always popped when central bank start to tighten the money supply, but this time the housing bubble has kidnaped the whole economy, they have to keep printing money to keep it alive, let's see what FED is going to say tonight
But just like theory of relativity, if you regard bitcoin as a base unit of value, then it means when central bank start to print more money, the USD's value dropped, at mean time, the value of all the goods/services that is valued by USD also dropped, since their exchange rate are all pegged to USD for some strange reason (consensus?)
But just like theory of relativity, if you regard bitcoin as a base unit of value, then it means when central bank start to print more money, the USD's value dropped, at mean time, the value of all the goods/services that is valued by USD also dropped, since their exchange rate are all pegged to USD for some strange reason (consensus?)
Because Bitcoin is different, but human action isn't?
I think this could be the reason.
It will continue to deflate until people think it's bottomed out.
$100 is not a good price.
$20 would be a good price based on the $15 price in January - anything after mid January and a good chunk before it is pure speculation.
Bubbles always pop the same. 
In Price, I see no bubble , look at the log-chart
When it comes to the volume, I would say its a bubble, so what ?
Would you call 2011 a bubble?When it comes to the volume, I would say its a bubble, so what ?
PS: your volume isn't charted log scale.
Yes, because we were at an early stage and fundamentals were not as good as today, there are much better (1000%) than 2011. I call a bubble when the price is unrealistic atm and for mid-term, because of thin good fundamentals and lots of rumors. Only my opion.
In Price, I see no bubble , look at the log-chart
When it comes to the volume, I would say its a bubble, so what ?
Would you call 2011 a bubble?When it comes to the volume, I would say its a bubble, so what ?
PS: your volume isn't charted log scale.
In Price, I see no bubble , look at the log-chart
When it comes to the volume, I would say its a bubble, so what ?
When it comes to the volume, I would say its a bubble, so what ?
We were making higher lows.
Now it's getting very close though...
Now it's getting very close though...
we're in a superbubble. (not a regular bubble.)
In what way is it different from a regular bubble? Do you mean that we are still in a long-term bull-market?
Yes. This is a heretofore unprecedented commodity -- itself representing the invention of a whole new class of commodity -- why would anyone expect it to behave like any other existing financial instrument?
Because Bitcoin is different, but human action isn't?
all bubbles/pump&dump look alike
we're in a superbubble. (not a regular bubble.)
In what way is it different from a regular bubble? Do you mean that we are still in a long-term bull-market?
Yes. This is a heretofore unprecedented commodity -- itself representing the invention of a whole new class of commodity -- why would anyone expect it to behave like any other existing financial instrument?
Agreed that it is a new commodity, I also think we are in a LT bull.
Behaving like any other existing financial instrument --> because of human nature, and its way of doing price discovery.
we're in a superbubble. (not a regular bubble.)
In what way is it different from a regular bubble? Do you mean that we are still in a long-term bull-market?
Yes. This is a heretofore unprecedented commodity -- itself representing the invention of a whole new class of commodity -- why would anyone expect it to behave like any other existing financial instrument?
we're in a superbubble. (not a regular bubble.)
In what way is it different from a regular bubble? Do you mean that we are still in a long-term bull-market?
we're in a superbubble. (not a regular bubble.)
Striking similarity.
I wonder if this time is different?
I wonder if this time is different?
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