Topic: The next bubble could well surprise even the early traders... (Read 5729 times)
We go a power of ten every time so I'd expect $10k-$90k for round 5
Then again if 1 bitcoin hits $10,000 instead of a mass sell off people could be thinking - Wow $1 gets me 10,000 Satoshi's!
Likely as prices rise people will start to price things in terms of Satoshi's relative to other currencies, and less so in terms of a whole Bitcoin.
Likely as prices rise people will start to price things in terms of Satoshi's relative to other currencies, and less so in terms of a whole Bitcoin.
with that price fees could start to be seen as expensive and faucets should change their reward for sure
but it would not be a bubble of few days, the time for adapting will be abundant, for when we can attain such value
Perhaps the fee's will simply collapse down further decimal places. So with the hypothetical of $1 dollar equaling 10,000 Satoshi's you could still collapse the fee down to a single Satoshi as the smallest unit still allowing the cost of transferring $1 dollar to be as little as $.0001 dollars.
Now that's still extremely low a fee to transfer value. Of course for such a hypothetical mining would become a much larger economic expenditure and common activity worldwide.
Then again if 1 bitcoin hits $10,000 instead of a mass sell off people could be thinking - Wow $1 gets me 10,000 Satoshi's!
Likely as prices rise people will start to price things in terms of Satoshi's relative to other currencies, and less so in terms of a whole Bitcoin.
Likely as prices rise people will start to price things in terms of Satoshi's relative to other currencies, and less so in terms of a whole Bitcoin.
with that price fees could start to be seen as expensive and faucets should change their reward for sure
but it would not be a bubble of few days, the time for adapting will be abundant, for when we can attain such value
Then again if 1 bitcoin hits $10,000 instead of a mass sell off people could be thinking - Wow $1 gets me 10,000 Satoshi's!
Likely as prices rise people will start to price things in terms of Satoshi's relative to other currencies, and less so in terms of a whole Bitcoin.
Likely as prices rise people will start to price things in terms of Satoshi's relative to other currencies, and less so in terms of a whole Bitcoin.
The bottom is in at 152$, trust me. At least 2 people have confirmed it as this number appeared in their dreams prior to the actual manifestation of the bottom itself.
Beautiful.
The introduction of shorting may have helped stabilize bitcoin. May 2014 would've probably turned into a bubble in the long-only days.
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the last two bubbles
They were false and caused by willy bot...Damn straight. Bitcoin market manipulation may have happened in the past, but never again; ergo, no more bubbles. Q.E.D. Regulation has begun to kick in -- thank goodness for that -- and regulation definitely eliminates manipulation. Another few years of mainstreaming and the bitcoin indices will be as trustworthy and squeaky clean as, ummm, Libor .... errr, wait a minute ...
I would not say a bubble will NEVER occur again. It is more unlikely but would never say never. IF something bizarre happens again or very huge news comes out its possible (for example listed on US stock exchange). I doubt the bubble would be as big as $1000 but you never know.
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the last two bubbles
They were false and caused by willy bot...Damn straight. Bitcoin market manipulation may have happened in the past, but never again; ergo, no more bubbles. Q.E.D. Regulation has begun to kick in -- thank goodness for that -- and regulation definitely eliminates manipulation. Another few years of mainstreaming and the bitcoin indices will be as trustworthy and squeaky clean as, ummm, Libor .... errr, wait a minute ...
Unfortunately, there is no guarantee that Bitcoin will indeed have another bubble. I believe that it is possible for Bitcoin to have another bubble and I personally hope that it does. But, no one knows for sure.
If you believe it will rise and more people adopting it will happen, a resulting bubble is borderline inevitable. That's just how human psychology works with something of this nature.
A steady stairway upwards is better for everyone and everything but if there's demand, hype and not that much to go around there'll continue to be violent spikes.
Having said that, the landscape post Gox is now so much more widely distributed it'll be interesting to see what shape any type of bubble would take.
Unfortunately, there is no guarantee that Bitcoin will indeed have another bubble. I believe that it is possible for Bitcoin to have another bubble and I personally hope that it does. But, no one knows for sure.
How come this thread has no charts??
If this is to turn out real, this will show the limits of how speculation can turn out into reality...
Will need to buy some coins as if this really happens, we also need to have some coins already on hands in order to be something at that time, as just talks won't get us anywhere I guess...
Will need to buy some coins as if this really happens, we also need to have some coins already on hands in order to be something at that time, as just talks won't get us anywhere I guess...
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the last two bubbles
They were false and caused by willy bot...there were two bubbles caused by willy? i'm only aware of one, the other in 2011 with x25/x30 increased wasn't certainly caused by any bills
another little bubble was the one in april 2013, when the price rised x2.3, and again it wasn't billy at all
He's trolling and you're falling for it. Unless you really believe any Bitcoin pump was caused by a bot
I thought it was common knowledge that the one in December 2013 was caused by Chinese markets. People were moving money out of the country and as a result their government banned Bitcoin in Spring 2014.
no one said that willy bot wasn't a chinese bot, so the point stand, maybe he was trolling but i don't think he certainly know if there weren't other big bot in the past that caused a rally
i was curious to find this out...
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the last two bubbles
They were false and caused by willy bot...there were two bubbles caused by willy? i'm only aware of one, the other in 2011 with x25/x30 increased wasn't certainly caused by any bills
another little bubble was the one in april 2013, when the price rised x2.3, and again it wasn't billy at all
He's trolling and you're falling for it. Unless you really believe any Bitcoin pump was caused by a bot
I thought it was common knowledge that the one in December 2013 was caused by Chinese markets. People were moving money out of the country and as a result their government banned Bitcoin in Spring 2014.
What could trigger the next bubble? I mean for it to increase 10x etc it'll need huge amounts to be bought up. Something massive needs to happen. Some black swan event........... Or ETF
Quote
the last two bubbles
They were false and caused by willy bot...there were two bubbles caused by willy? i'm only aware of one, the other in 2011 with x25/x30 increased wasn't certainly caused by any bills
another little bubble was the one in april 2013, when the price rised x2.3, and again it wasn't billy at all
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the last two bubbles
They were false and caused by willy bot... 
If Luc is right,
then OP could very well be on to something.
3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
then OP could very well be on to something.
Do I need to mention he said "in the coming years"? He'll come back in 2020 when the price is at $1000 again and say "i told you so"
It won't stop at 1000$. If this is a "real" wave 3, and the run-up from wave 1 ended at 1200$, then we will see numbers of over 100k$ and the bull market will continue till +2020.
Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...
It is a beautiful cycle, in its own way. People get attracted to bitcoin as the price rises and quickly invest in it, giving it even more rise. This rise keeps happening as trade expands and people seem to use bitcoin adopting the currency. The trend reversal takes place and a lot of money is poured in, the hype is important. The constant hype bitcoin gets, the better it grows, the bigger it expands!
Your whole post is complaining about pressure from miners selling.
I'm here to tell you only a portion of them do and surely the current price is not a result of miners' selling pressure.
Take it how you want it but I'm just saying you're barking at the wrong door.
I'm here to tell you only a portion of them do and surely the current price is not a result of miners' selling pressure.
Take it how you want it but I'm just saying you're barking at the wrong door.
The only one complaining is your mom. Surely the current price is the result of the miners' selling pressure because if miners didn't sell or didn't receive a single coin the price would be higher. Now you probably want to say that miners are not the only factor and I agree but you must admit that mining still generates a lot of coins out of thin air and we can never say for sure where they end up.
3600 BTC get dumped every day? Who says that this is actually true? Don't you think that at least a considerable amount of those coins are *not* liquidated? What about people buying BTC in bulk from miners, in order not to push the price up (long term acquiring phase)?
Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.
You need to have people selling some bitcoin ("dumping"), else there would be no volume.. Would you rather have one big green candle pointing at 1000 USD because there are no sellers between 260 and 1000 USD?
If Luc is right,
then OP could very well be on to something.
3 (Weekly sma20)
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
2 (Daily sma200)
1 (Log trendline)
... and lift off, Bitcoin the worlds first digital currency starts to its historical wave three to be in next comming years!
then OP could very well be on to something.
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