Sounds good to me! This price is like the Energizer Bunny: "Still going!"
Thanks for the great research.
I was a part of the runup in 2011 and failed to sell when it dropped. Hopefully I'm more the wiser.
Topic: November 2013 Bubble Analysis - page 5. (Read 11425 times)
I agree there will be another drop sometime before the end of the year, though how high will it go in the mean time is what I am wondering. I may not be able to buy bitcoin at these prices again even with a drop.
Here are my thoughts regarding the November 2013 bitcoin bubble.
To the extent that comparing the two previous bubbles with this one is useful, here is a comparison with regard to price doubling times, using MtGox USD data.
**** Bitcoin Bubble 1 peak occurred June 8, 2011 ****
The way up ...
0.498 January 31, 2011
0.997 April 15 2011 - doubling time 74 days
1.99 April 28, 2011 - doubling time 13 days
3.98 May 10, 2011 - doubling time 12 days
7.97 May 13, 2011 - doubling time 3 days
15.95 June 4, 2011 - doubling time 22 days
31.90 The high on Wednesday, June 8, 2011 - doubling time 4 days
**** Bitcoin Bubble 2 peak occurred April 10, 2013 ****
The way up ...
4.16 December 19, 2011
8.31 July 16, 2012 - doubling time 210 days
16.62 January 21, 2013 - doubling time 189 days
33.25 March 1, 2013 - doubling time 59 days
66.50 March 25, 2013 - doubling time 24 days
133.00 April 3, 2013 - doubling time 9 days
266.00 Wednesday, April 10, 2013 - doubling time 7 days
**** Current Bitcoin Bubble 3 ****
The way up ...
65.42 July 4, 2013
130.84 August 29, 2013 - doubling time 56 days
261.68 November 5, 2013 - doubling time 68 days
523.36 November 16, 2013 - doubling time 11 days
If the pattern of the two previous bubbles holds, we might expect one more doubling with the peak very roughly around $1000. Likewise we might expect to see the peak next week, doubling from 523.36 in perhaps only 7 days.
Major posts in this thread ...
Your thoughts?
To the extent that comparing the two previous bubbles with this one is useful, here is a comparison with regard to price doubling times, using MtGox USD data.
**** Bitcoin Bubble 1 peak occurred June 8, 2011 ****
The way up ...
0.498 January 31, 2011
0.997 April 15 2011 - doubling time 74 days
1.99 April 28, 2011 - doubling time 13 days
3.98 May 10, 2011 - doubling time 12 days
7.97 May 13, 2011 - doubling time 3 days
15.95 June 4, 2011 - doubling time 22 days
31.90 The high on Wednesday, June 8, 2011 - doubling time 4 days
**** Bitcoin Bubble 2 peak occurred April 10, 2013 ****
The way up ...
4.16 December 19, 2011
8.31 July 16, 2012 - doubling time 210 days
16.62 January 21, 2013 - doubling time 189 days
33.25 March 1, 2013 - doubling time 59 days
66.50 March 25, 2013 - doubling time 24 days
133.00 April 3, 2013 - doubling time 9 days
266.00 Wednesday, April 10, 2013 - doubling time 7 days
**** Current Bitcoin Bubble 3 ****
The way up ...
65.42 July 4, 2013
130.84 August 29, 2013 - doubling time 56 days
261.68 November 5, 2013 - doubling time 68 days
523.36 November 16, 2013 - doubling time 11 days
If the pattern of the two previous bubbles holds, we might expect one more doubling with the peak very roughly around $1000. Likewise we might expect to see the peak next week, doubling from 523.36 in perhaps only 7 days.
Major posts in this thread ...
- Countdown to the peak - Monday.
- Countdown to the peak - China doubling faster.
- Looks like 901 was the peak on MtGox, Monday, November 18.
- Recall that we waited 6 days for the bottom in the April bubble.
- Onward to a new peak.
Your thoughts?
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