Topic: Warning: bubble #2 might be forming (Read 4276 times)
yep, bitcoin definitely resembles an oscillator if we look at some peaks a year back. So prepare for a bigger "bubble", or wave...
I've already "acted upon it" by purchasing some more bitcoins. We now have further information that this is going to be a bubble, because the "correction" has now outpaced the previous bubble pop. The threads which have called for a major correction to the rally have all proven false. This is further assertion that when this rally pops, it will "pop all the way" (Nagle terminology).
No sign of an impending top yet... At this rate, we might be in double digits before the pop. Of course, the bubble will be avoided if a correction occurs immediately, but thus far there is no sign of that happening
.
No sign of an impending top yet... At this rate, we might be in double digits before the pop. Of course, the bubble will be avoided if a correction occurs immediately, but thus far there is no sign of that happening
. 
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
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
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
RIP ElectricMucus.
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.
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.
the bad thing about him and several of the other bears, was that he was volatile and quite disrespectful as well.
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Gee, thanks for the 'warning'.
proudhon, i see your avatar has changed..
everything else fine?
greets
everything else fine?
greets
Yep. All in all things are going well. I am, as you can imagine, surprised by the movement today. Sold a little during the past few days, so that's sort of a bummer, but I'm content to wait it out. I don't think buying back in now is the right move.
zhouthonged?
happend do me also once^
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
RIP ElectricMucus.
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.
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.
proudhon, i see your avatar has changed..
everything else fine?
greets
everything else fine?
greets
Yep. All in all things are going well. I am, as you can imagine, surprised by the movement today. Sold a little during the past few days, so that's sort of a bummer, but I'm content to wait it out. I don't think buying back in now is the right move.
look at the big picture: up, down, up. all long periods of time.
proudhon, i see your avatar has changed..
everything else fine?
greets
everything else fine?
greets
Yep. All in all things are going well. I am, as you can imagine, surprised by the movement today. Sold a little during the past few days, so that's sort of a bummer, but I'm content to wait it out. I don't think buying back in now is the right move.
au contraire. most of the large geek holders of btc already coughed up all their btc on the way down not understanding the fundamental dynamics of what they had created. these have now moved into more strategic non techie investors who will not be shaken out of their positions easily on the way up.
Hehe. You're hoping for a bubble, aren't you? Keep hoping...
Non techie investors. Love it. Who else but a geek would involve themselves with bitcoin, even now?
Even many of us 'smart' folk still are failing to understand what we have created, so what hope is there for the meatheads?
It's the same people with the same money and the same coins (plus some new ones that have yet to hit the markets).
In the day, I'm a financial professional working in a very conservative asset management company.
In the night, I'm buying bitcoin.
I'm not geeky.
Do you know of any other financial professionals messing around in the bitcoin market?
i see you haven't been paying attention.
proudhon, i see your avatar has changed..
everything else fine?
greets
everything else fine?
greets
au contraire. most of the large geek holders of btc already coughed up all their btc on the way down not understanding the fundamental dynamics of what they had created. these have now moved into more strategic non techie investors who will not be shaken out of their positions easily on the way up.
Hehe. You're hoping for a bubble, aren't you? Keep hoping...
Non techie investors. Love it. Who else but a geek would involve themselves with bitcoin, even now?
Even many of us 'smart' folk still are failing to understand what we have created, so what hope is there for the meatheads?
It's the same people with the same money and the same coins (plus some new ones that have yet to hit the markets).
In the day, I'm a financial professional working in a very conservative asset management company.
In the night, I'm buying bitcoin.
I'm not geeky.
Do you know of any other financial professionals messing around in the bitcoin market?
au contraire. most of the large geek holders of btc already coughed up all their btc on the way down not understanding the fundamental dynamics of what they had created. these have now moved into more strategic non techie investors who will not be shaken out of their positions easily on the way up.
Hehe. You're hoping for a bubble, aren't you? Keep hoping...
Non techie investors. Love it. Who else but a geek would involve themselves with bitcoin, even now?
Even many of us 'smart' folk still are failing to understand what we have created, so what hope is there for the meatheads?
It's the same people with the same money and the same coins (plus some new ones that have yet to hit the markets).
In the day, I'm a financial professional working in a very conservative asset management company.
In the night, I'm buying bitcoin.
I'm not geeky.
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.
I confess, I sold …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.
… only to buy more cheaper (the capitulation sells were always good for at least short term greens).
Agree with your attitude. I will not sell as long as Bitcoin has such a ridiculously low market cap, except when I’m certain I can buy more lower.
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.
Oh no! Two million dollars! (too bad you can't see my Dr. Evil gesture right now) :-)
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.
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.
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.
It's a good thing, another bubble is not what bitcoin need, it will only hurt it once it explode
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.
Call me when bitcoin reach 30 again
buy when high, sell when low!
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