Repeat of History Parabolic Bubbles | Bitcointalksearch.org

Xiaoma

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Quote from: tutkarz on April 16, 2013, 04:21:42 AM

People are selling huge amounts of gold now. They lowered bitcoin price so they can make pretty amaizing amount of money by buying that cheap.

Gold and Bitcoin are both being manipulated down. This will be a vulnerability as long as the majority of trades are handled by a small number of exchanges, stay away from gox.

As many other say, we need a distributed exchange system that cannot easily be manipulated.
I'm sure that could technically be possible, but not sure about the legal issues.

Operatr

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I await the rise to $500 Grin

tutkarz

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People are selling huge amounts of gold now. They lowered bitcoin price so they can make pretty amaizing amount of money by buying that cheap.

empoweoqwj

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Quote from: yocko06 on April 16, 2013, 02:37:26 AM

Yeah your right I think. Bitcoin has always done this in the past. This drop is small compared to the drop we had in 2011 from $30. To $3. If you look at the percentages. I wish I had free money right now so I could buy up even more bitcoins.
1 thing bitcoin has always done and there is no reason it won't keep doing is rise fast fall faster then grow to the last high point and keep going. The cycle repeats itself with bitcoin reaching new highs every time. Unless someone has a real reason why this is different now I am convinced it will keep to the pattern.

Not sure the drop is small. We reached about $266, so divide that by ten, and you get $26.6. Sure, we aren't there yet, but if support at $50 disappears today, it could easily happen in then next 24 hrs.

But I agree on the general thesis. These crashes lead to sustained growth beyond the last crash point. 3 steps forward, 2 steps back, not the other way round thankfully.

yocko06

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Yeah your right I think. Bitcoin has always done this in the past. This drop is small compared to the drop we had in 2011 from $30. To $3. If you look at the percentages. I wish I had free money right now so I could buy up even more bitcoins.
1 thing bitcoin has always done and there is no reason it won't keep doing is rise fast fall faster then grow to the last high point and keep going. The cycle repeats itself with bitcoin reaching new highs every time. Unless someone has a real reason why this is different now I am convinced it will keep to the pattern.

freedomno1

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Learning the troll avoidance button :)

Looking back at the bitcoin history their have been quite a few drops with significant plummets in price before a strong recovery
With the media hype I speculate more people will come back to bitcoin later on just from the sheer attention
My speculation is a drop down to a touch point at $30-50 range before a slow climb-back up over lets say a 3 week duration
So End of April Beginning of May (Parabolic bubble losing last 20% after pop assuming normal statistcal curve)
Assuming we hit the bounceback at that point before dropping again to the new level 30-50 to 70 then back to 20 then strong growth
http://www.munknee.com/2013/01/past-bubble-movements-suggests-a-parabolic-peak-price-of-9000-for-gold-250-for-silver-is-not-unreasonable-take-a-look/
http://www.sfgate.com/technology/businessinsider/article/The-Winklevoss-Twins-Say-They-Own-1-Of-All-4427874.php
http://dealbook.nytimes.com/2013/04/11/as-big-investors-emerge-bitcoin-gets-ready-for-its-close-up/

Topic: Repeat of History Parabolic Bubbles (Read 1179 times)