[Poll] Assuming its a bubble, when will it pop?

dree12

legendary

Activity: 1246

Merit: 1077

Quote from: Elwar on March 28, 2013, 03:07:20 PM

Quote from: dree12 on January 22, 2013, 09:19:20 PM

It is in fact highly unlikely that the price will both reach an all-time high and not retrace significantly. Bitcoin's history (albeit short) does not allow for this phenomenon:

So how long before Bitcoin passes $32 based on this chart?

I highly doubt we'll see $32 in the near future. If you look closely at the chart, there isn't yet a case where the retrace takes one below the second-last high. I don't even think the retrace has started yet.

Amitabh S

legendary

Activity: 1001

Merit: 1005

This entire universe is a bubble. We are living in a "false vacuum" that can collapse anytime.

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: Realpra on March 28, 2013, 03:37:23 PM

People in the past are always so stupid

or what about aftertiming being the greatest science of man ?

Realpra

hero member

Activity: 815

Merit: 1000

People in the past are always so stupid

yokosan

hero member

Activity: 700

Merit: 500

Quote from: Elwar on March 28, 2013, 03:07:20 PM

Quote from: dree12 on January 22, 2013, 09:19:20 PM

It is in fact highly unlikely that the price will both reach an all-time high and not retrace significantly. Bitcoin's history (albeit short) does not allow for this phenomenon:

So how long before Bitcoin passes $32 based on this chart?

Just goes to show how shit TA is, and I am speaking as somebody that has tried Undecided

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: dree12 on January 22, 2013, 09:19:20 PM

It is in fact highly unlikely that the price will both reach an all-time high and not retrace significantly. Bitcoin's history (albeit short) does not allow for this phenomenon:

So how long before Bitcoin passes $32 based on this chart?

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: BitPirate on March 19, 2013, 08:37:07 AM

Quote from: jubalix on March 19, 2013, 08:30:55 AM

Quote from: BitPirate on March 19, 2013, 08:24:23 AM

Exactly... Sometimes things don't pop.

I've witnessed the China real estate "bubble". People made fortunes while many stood at the sidelines shouting "bubble". It wasn't. Immature markets inflate quickly. When we look back, we realise how cheap things were.

This I was in china Shanghai in 2005

I looked at real estate prices and could not believe how cheap it was considering the infrastructure level

I was right

Yeah me too... since '99.... from cheap-as-chips houses and empty nightclubs to London prices (and Lamborghinis on the streets) in a decade. And no big pop at the end of it -- just a market levelling out.

Dead right

the only problem is security of tenure for foreign owner and how to buy....its quite a nightmare....and they can easily kick a Westerner out for a million reasons

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: jubalix on March 19, 2013, 08:30:55 AM

Quote from: BitPirate on March 19, 2013, 08:24:23 AM

Exactly... Sometimes things don't pop.

I've witnessed the China real estate "bubble". People made fortunes while many stood at the sidelines shouting "bubble". It wasn't. Immature markets inflate quickly. When we look back, we realise how cheap things were.

This I was in china Shanghai in 2005

I looked at real estate prices and could not believe how cheap it was considering the infrastructure level

I was right

Yeah me too... since '99.... from cheap-as-chips houses and empty nightclubs to London prices (and Lamborghinis on the streets) in a decade. And no big pop at the end of it -- just a market levelling out.

Vladimir

hero member

Activity: 812

Merit: 1001

-

The poll is rigged! I do not see 100 000$ and 1 000 000$ option. Not even 100$ and 500$. Roll Eyes

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: BitPirate on March 19, 2013, 08:24:23 AM

Exactly... Sometimes things don't pop.

I've witnessed the China real estate "bubble". People made fortunes while many stood at the sidelines shouting "bubble". It wasn't. Immature markets inflate quickly. When we look back, we realise how cheap things were.

This I was in china Shanghai in 2005

I looked at real estate prices and could not believe how cheap it was considering the infrastructure level

I was right

Akka

legendary

Activity: 1232

Merit: 1001

THX for Bumping this.

Amazing, I voted 18 Roll Eyes

.

Good thing I don't speculate, or I would kick myself in the Ass, now.

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Exactly... Sometimes things don't pop.

I've witnessed the China real estate "bubble". People made fortunes while many stood at the sidelines shouting "bubble". It wasn't. Immature markets inflate quickly. When we look back, we realise how cheap things were.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Looks like everyone was wrong except the $40+ people! adam didn't have the foresight to have options for $60, $100, etc Tongue

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: jl2012 on January 23, 2013, 04:35:22 AM

Very interesting. But do you see the lows after retrace are always higher than the last all-time high? If this is correct, then we will never go below $31.9 again after the next all-time-high

And $31 is an interesting level because the 365-day average spot (London fix) silver price is $31.15

Expect news headlines when one bitcoin buys more than 1oz of silver.

dree12

legendary

Activity: 1246

Merit: 1077

Quote from: jl2012 on January 23, 2013, 04:35:22 AM

Quote from: dree12 on January 22, 2013, 09:19:20 PM

It is in fact highly unlikely that the price will both reach an all-time high and not retrace significantly. Bitcoin's history (albeit short) does not allow for this phenomenon:

Very interesting. But do you see the lows after retrace are always higher than the last all-time high? If this is correct, then we will never go below $31.9 again after the next all-time-high

And don't forget, by definition, retrace is the ONLY possible event immediately following an "all-time high", or that won't be called an all-time high.

I'm saying that with new highs comes departing stability. If we do reach a new high, we will not be plateauing there—up and down but not sideways.

jl2012

legendary

Activity: 1792

Merit: 1111

Quote from: dree12 on January 22, 2013, 09:19:20 PM

It is in fact highly unlikely that the price will both reach an all-time high and not retrace significantly. Bitcoin's history (albeit short) does not allow for this phenomenon:

Very interesting. But do you see the lows after retrace are always higher than the last all-time high? If this is correct, then we will never go below $31.9 again after the next all-time-high

And don't forget, by definition, retrace is the ONLY possible event immediately following an "all-time high", or that won't be called an all-time high.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

The last time the price was in this range it would go haywire whenever the price hit $20.

Stable stable stable...$20...rollercoaster ride...stable stable stable...$20...insanity

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Quote from: Third Way on January 22, 2013, 09:11:46 PM

Who's Gavin?

https://bitcointalksearch.org/user/gavin-andresen-224

dree12

legendary

Activity: 1246

Merit: 1077

It is in fact highly unlikely that the price will both reach an all-time high and not retrace significantly. Bitcoin's history (albeit short) does not allow for this phenomenon:

Third Way

full member

Activity: 238

Merit: 100

Who's Gavin?

Topic: [Poll] Assuming its a bubble, when will it pop? (Read 2572 times)