December 2011
crazy bubble only a few weeks behind, hacks left and right, extreme skepticism
The conditions were ripe.
really?
The speculators of the day certainly thought so.
Call me when bitcoin reach 30 again
As others have pointed out, getting to those numbers is going to be much, much more difficult than before. There's going to be more selling pressure on the way up in addition to there being more standing orders on the order book this time around. It'd take ~$2,000,000 to move the price that high right now. In reality it's going to take several times that amount as people actively sell.
I think it’ll be easier as Bitcoin now has a wider reach and proven that it will stay. The peak volume we had at the top was ridiculous, so it won’t be too hard to surpass that. I’m expecting people to get euphoric and withdraw/put their asks much higher at some point.
Call me when bitcoin reach 30 again
As others have pointed out, getting to those numbers is going to be much, much more difficult than before. There's going to be more selling pressure on the way up in addition to there being more standing orders on the order book this time around. It'd take ~$2,000,000 to move the price that high right now. In reality it's going to take several times that amount as people actively sell.
I think it’ll be easier as Bitcoin now has a wider reach and proven that it will stay. The peak volume we had at the top was ridiculous, so it won’t be too hard to surpass that. I’m expecting people to get euphoric and withdraw/put their asks much higher at some point.
yes, as usual Proudhon has it backwards.
i never sold as we tanked. in fact, i accumulated more. and i certainly will NOT sell on the way back up to 32 as i'm expecting it to go way beyond that to at least gold parity.
the gold bubble is over and all that money is going to come here.
ElectricMucus has unfortunately been away ("RIP Bitcoin") but his posts still speak. As I recall, he was a huge bear.
Even he says there is a possible market reversal
Revised Nagle™ Chart
We broke through the short term accelerating downtrend and are about to challenge the overall downtrend. It's a 45 period exponential, added a 90 version to indicate possible market reversal.
RIP ElectricMucus.
definitely bubble #2
Since predictions made by btc-economists and btc-traders vary so widely that they cover the whole range of possible outcomes (major correction incoming!! major bubble in progress!! etc), I have no shame in making my very own pseudo-science prediction: I predict damped oscillation
yep, bitcoin definitely resembles an oscillator if we look at some peaks a year back. So prepare for a bigger "bubble", or wave...
Also, if I may, few hacks occurred around December. See the list I compiled here:
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794.
