Crazy times indeed
Topic: New paradigm - the bubble that never pop? - page 3. (Read 7374 times)
The MTGOX bid-sum increased by $7,000,000 today. It went from $28million to $35million. That's largest single day jump I've ever seen and $35 million is a new bid-sum record too.
Crazy times indeed
Crazy times indeed
The difference is the speed and the grow in volume: now we are going almost two times faster but the volume didn't changed much since that period (and this considering btcchina volume as real)
This happened before.
A quick pic from march of this year, guess where we went after that...
A quick pic from march of this year, guess where we went after that...
Yep, and based on that chart we have about 8-9 days before we break $1000. Which seems about right. We have a lot of resistance to go through.
However, we also have SO much more new fiat going into the exchanges, so it very well might take less time than that.
Now the fun part: Draw a trend "line" on the log chart, one time at the former, then try to do the same on the latter.
And where we are today.
This happened before.
A quick pic from march of this year, guess where we went after that...
A quick pic from march of this year, guess where we went after that...
There's no new paradigm, there also isn't actually a real bubble (yet). We went parabolic for a short while and then had a pretty sizable correction pretty much all the way back to where the parabolic rise had started. This is perfectly normal and not a crash or 'bubblepop' like some would claim. Bitcoin is getting really popular right now and lots of new money is arriving at the exchanges wanting to buy so the correction will be kinda shortlived I think. This correction may not yet completely be over though, but I do think we have already seen the bottom. The top of this 'bubble' will in my opinion be somewhere between $2000 and $3000, after which the hype subsides a bit and we go back to $1000 or so (either in a dramatic crash or a painfully long bear market, or both 
). If bitcoin infrastructure grows well and it becomes more noob friendly in the future then the sky really will be the limit, but we're not that far yet. 
). If bitcoin infrastructure grows well and it becomes more noob friendly in the future then the sky really will be the limit, but we're not that far yet. 100% with you.
There's no new paradigm, there also isn't actually a real bubble (yet). We went parabolic for a short while and then had a pretty sizable correction pretty much all the way back to where the parabolic rise had started. This is perfectly normal and not a crash or 'bubblepop' like some would claim. Bitcoin is getting really popular right now and lots of new money is arriving at the exchanges wanting to buy so the correction will be kinda shortlived I think. This correction may not yet completely be over though, but I do think we have already seen the bottom. The top of this 'bubble' will in my opinion be somewhere between $2000 and $3000, after which the hype subsides a bit and we go back to $1000 or so (either in a dramatic crash or a painfully long bear market, or both ). If bitcoin infrastructure grows well and it becomes more noob friendly in the future then the sky really will be the limit, but we're not that far yet.
). If bitcoin infrastructure grows well and it becomes more noob friendly in the future then the sky really will be the limit, but we're not that far yet.
You can also enroll on an University with bitcoin
http://www.latimes.com/business/money/la-fi-mo-cyprus-university-bitcoin-20131120,0,3194094.story#axzz2lKbZwlS1
http://www.latimes.com/business/money/la-fi-mo-cyprus-university-bitcoin-20131120,0,3194094.story#axzz2lKbZwlS1
Yep, new paradigm in effect. Some around the forum are advising others to take mortgages on their houses to buy bitcoins. Lunacy.
New paradigm!!!
New paradigm!!!
+1 on the Lunacy......and my old lady would leave me......
The latest rebound is a bit overextended, I agree (I thought 670 would be the top). There is a good chance for a solid double top with mighty bearish consequences.
Unless it goes above 900$ I wouldnt call it unusual. Other bubbles in history have exhibited similar behaviour. IF we make a new ATH with in week I will start to believe the new paradigm.
Unless it goes above 900$ I wouldnt call it unusual. Other bubbles in history have exhibited similar behaviour. IF we make a new ATH with in week I will start to believe the new paradigm.
The fact is that Bitcoin solves a multi trillion dollar need for a way to transfer funds. It isn't there yet though. Right now it's providing maybe a few tens of millions in value and the rest of the price is due to hoarding.
It is true current exchanges have very few millions available in buy orders, Bitcoin will be less volatile and more useable when it is traded at wall street
I'm sure the thread title was chosen on purpose.
this thread is such a bearish indicator it hurts.
Sell some when Bitcoin is this high and rebuy when cheeper. I think its gonna get stable somewhere between 500 and 600 ...
I've figured out a valuation theory of Bitcoin. It may turn out to be wrong but it is completely okay with the current state of affairs.
In a nutshell we are looking at the result of people hoarding coin. The price is inflated for the value its providing now but it's still not up to the value it can provide eventually.
The fact is that Bitcoin solves a multi trillion dollar need for a way to transfer funds. It isn't there yet though. Right now it's providing maybe a few tens of millions in value and the rest of the price is due to hoarding.
In a nutshell we are looking at the result of people hoarding coin. The price is inflated for the value its providing now but it's still not up to the value it can provide eventually.
The fact is that Bitcoin solves a multi trillion dollar need for a way to transfer funds. It isn't there yet though. Right now it's providing maybe a few tens of millions in value and the rest of the price is due to hoarding.
Yep, new paradigm in effect. Some around the forum are advising others to take mortgages on their houses to buy bitcoins. Lunacy.
New paradigm!!!
New paradigm!!!
Selling one's kidney, maybe ?
Remember we can go 100x higher, but you can only lost max 1x.
With lottery tickets we can go 10.000.000x, but you can only lose max 1x.
Better all hoard lottery tickets.
Lottery tickets odds are always much against you, bitcoin odds growth was historical always greatly on your side and paid off and potential could be seen as high even today if not year ago.
it's unreal how fast it's growing.
whats the big deal? someone had enough and sold off. maybe its shaken the market for a few days, but nothing detrimental. spineless noobs are selling now, but as confidence comes back the upward motion will overtake this weakness and it will finally be time to eat 1000
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