The bubble is already gone and we are heading into the depths of hell (not yet) down. I guess price will touch $370 within 4-6 days.
lol quoted for reference. I'll stop back in 6 days and we'll see if you're correct. 
Topic: The local bubble is about to burst (Read 2650 times)
The bubble is already gone and we are heading into the depths of hell (not yet) down. I guess price will touch $370 within 4-6 days.
just voted for a double top event. This current price rise was too fast and too close to the recent top. I am simply not convinced we have enough steam left. I expect we go back to $350 before the year end.
Just before it hit $500 as proven yesterday.
That was awesome.
When does it stop being a rally and start to become a bubble? I'm interested to know the difference.
OP was somewhat correct with his prediction. He have indicated dump after crossing 450 in chart and same thing happen at today morning price crashes to around 400. I don't know how he predict this but i may follow him in his next prediction. 
someone may have just cashed out , may not be a proper dump. Its the weekend so trading will probably be slow anyways.
Looks like the bubble may have already started to pop.
There has been NO positive news for Bitcoin since the announcement about the Chinese exchanges being able to take Fiat currency directly, which makes it seem very likely that most of the price movements since then have been about Chinese traders getting to play with Bitcoin easily again.
I'm still looking for $300 sometime, not sure if it will get there before the end of the year though.
There has been NO positive news for Bitcoin since the announcement about the Chinese exchanges being able to take Fiat currency directly, which makes it seem very likely that most of the price movements since then have been about Chinese traders getting to play with Bitcoin easily again.
I'm still looking for $300 sometime, not sure if it will get there before the end of the year though.
Burst has begun!
It was just a minor retrace.
Brace yourself for the next push upwards. The next target will be $500+ (hopefully sometime in 2015 itself)
...
..You should also understard that no one is interested in buying bitcoin anymore. This pump is doomed.
..You should also understard that no one is interested in buying bitcoin anymore. This pump is doomed.
Are you suggesting the rally is doomed by -Greed- ?
If "no one is interested in buying bitcoin anymore", then how did the price get above $450 a few hours ago?
Stupid ass TA
You got that right, but you try telling all the techies here. Honestly, I'd love to know how much money the technical analysis devotees on this forum have made as a result of being able to predict the price of bitcoin. I say it can't be done.Agreed, can't be done.
Burst has begun!
Newsflash, TC. EVERYTHING is a local bubble, it just depends on your scope.
As Bubble Boy Alan Greenspan correctly noted, a bubble can only be discerned in retrospect.
Is gold in a bubble? It's up significantly from its early-00s lows.
Is gold in a bubble? It's up significantly from its early-00s lows.
Stupid ass TA
You got that right, but you try telling all the techies here. Honestly, I'd love to know how much money the technical analysis devotees on this forum have made as a result of being able to predict the price of bitcoin. I say it can't be done.Maybe it can't be done but I'm quietly pleased with when I accumulated more bitcoin
Im thinking no bubble just normal rising, Saying that i wont be surprised if there is a massive dump.
Stupid ass TA
You got that right, but you try telling all the techies here. Honestly, I'd love to know how much money the technical analysis devotees on this forum have made as a result of being able to predict the price of bitcoin. I say it can't be done.
All I see it's two months of upward pressure that doesn't cease to exist! Now maybe we are not looking the same charts here!
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