Have you looked into master coins ( see my signature), what do you think of it?
I haven't made my mind yet. I am not early adaptor type, but when I buy, I buy big
Topic: When will October's bubble burst? (Read 11026 times)
Have you looked into master coins ( see my signature), what do you think of it?
I haven't made my mind yet. I am not early adaptor type, but when I buy, I buy big
Since the rise was quite fast, there is room for a drop. I believe we are in a mid-trend Fibonacci correction mode, which should take us to revisit $150-$155 before 7 days have passed. Once this is consummated, we will take the old ATH.
The moving averages are now higher than ever. The April top of $266 was so sharp that the exact figure does not matter too much. The current hurdle is for overcoming the ATH.
After clearing it, I would not be surprised to see a double to $500 before the next small correction. At any rate, our think tank estimate is that Bitcoin will reach $2000 in maximum 8 months.
Any correction less than 35% can be a mid-move shakeout. Never sell low. I exhort to just buy and not sell, until you can drop from work and start living with your bitcoins.
The moving averages are now higher than ever. The April top of $266 was so sharp that the exact figure does not matter too much. The current hurdle is for overcoming the ATH.
After clearing it, I would not be surprised to see a double to $500 before the next small correction. At any rate, our think tank estimate is that Bitcoin will reach $2000 in maximum 8 months.
Any correction less than 35% can be a mid-move shakeout. Never sell low. I exhort to just buy and not sell, until you can drop from work and start living with your bitcoins.
Sounds great.
We are hoping to pick up a few more coins in the next week hopefully but would love to buy at $150 or even $160. Sounds high now but I guess that it might be a great price in the big scheme of things.I love all your posts BTW! You have such great insight and seem to be able to remove emotion and have a logical and methodical outlook on it all.
The bubble will burst when people realize this -- https://bitcointalksearch.org/topic/why-bitcoin-isnt-currency-318046
Bitcoin is not currency or money!
Bitcoin is not currency or money!
This isn't a bubble, just a increase in price...
I would be interested in mathematical formulae/methods used or generated by this think tank.
At any rate, our think tank estimate is that Bitcoin will reach $2000 in maximum 8 months.
My own analysis (e.g. drawing a line on a log chart based off historical numbers) resulted in $1400, 1 year from today. I like your optimism though
At any rate, our think tank estimate is that Bitcoin will reach $2000 in maximum 8 months.
Well that sure would be nice! If that happens, I'll be sure to come back to note and praise the accuracy of your optimistic prediction!
Since the rise was quite fast, there is room for a drop. I believe we are in a mid-trend Fibonacci correction mode, which should take us to revisit $150-$155 before 7 days have passed. Once this is consummated, we will take the old ATH.
The moving averages are now higher than ever. The April top of $266 was so sharp that the exact figure does not matter too much. The current hurdle is for overcoming the ATH.
After clearing it, I would not be surprised to see a double to $500 before the next small correction. At any rate, our think tank estimate is that Bitcoin will reach $2000 in maximum 8 months.
Any correction less than 35% can be a mid-move shakeout. Never sell low. I exhort to just buy and not sell, until you can drop from work and start living with your bitcoins.
The moving averages are now higher than ever. The April top of $266 was so sharp that the exact figure does not matter too much. The current hurdle is for overcoming the ATH.
After clearing it, I would not be surprised to see a double to $500 before the next small correction. At any rate, our think tank estimate is that Bitcoin will reach $2000 in maximum 8 months.
Any correction less than 35% can be a mid-move shakeout. Never sell low. I exhort to just buy and not sell, until you can drop from work and start living with your bitcoins.
There are groups of people trying to spook the market. They sell in increments of btc and someone else buys it up, then it spooks the rest of the market into selling more. Like a snowball running down a hill. Then that person uses this cash to buy up the btc at a far lower price. They are doing to this to make significant profit fast.
Not sure if the market is big enough for that. Finally it works only if the snowball starts rolling else they just loose money. And the Bitcoin seems to be quite stabil even after news like Silkroad shutdown.
There are groups of people trying to spook the market. They sell in increments of btc and someone else buys it up, then it spooks the rest of the market into selling more. Like a snowball running down a hill. Then that person uses this cash to buy up the btc at a far lower price. They are doing to this to make significant profit fast.
If someone would want to sell 100k we'd see a huge drop. This is just normal market behavior, with rather low seller pressure (for now, it may pick up).
I'm getting the impression someone is needing to offload about 100,000btc and is doing it somewhat carefully.
This low volume is boring me to death.
Drum rolls for phase 3.
Drum rolls for phase 3.
Phase 3 of the drop started, as predicted, but has yet not gained momentum.
Low volume, due to low seller pressure. Phase 3 could take another day at this rate. And then we go up again.
STOP POPPING THIS BUBBLE WHEN I AM SLEEPING!!! Lemme buy some popped bubbles ehhhh??? 
will dripped down in the next few days or may go down pretty quick, just a matter of days.
This low volume is boring me to death.
Drum rolls for phase 3.
Drum rolls for phase 3.
Which "bubble" is the OP refering to here?
The Oct 2013 bubble to $200
The Oct 2014 bubble to $800
The Oct 2016 bubble to $10K
or the Oct 2020 bubble to $1M
can you be more precise in the question?
The Oct 2013 bubble to $200
The Oct 2014 bubble to $800
The Oct 2016 bubble to $10K
or the Oct 2020 bubble to $1M
can you be more precise in the question?
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
The GDP of Cyprus is $23 billion. There are about 11 million Bitcoin in circulation. So if the Bitcoin economy ever approached the scale of a small bankrupt island in the Mediterranean, each Bitcoin would be worth well over $2000.
That is an invalid comparison. You are comparing total volume traded (gdp) with total monetary supply. You should instead focus on the monetary supply in Cyprus compared to the 11 million bitcoins, or find the total transactional volume of bitcoins and compare that to the GDP.
Back on topic: I do not think this is a bubble, just like we were not in a bubble when we hit 25 earlier this year. We are just in the next step up in price.
So how does one know if a trader's success is due superior skill or just plain old luck?
According to every serious study that has been done on this topic: there is no such thing as skill - just illusions created by our inability to understand randomness accurately.The only way to consistently beat the market is to cheat.
So are you cheating when you buy BTC which outperforms the S&P 500?
My guess is he meant that those who have performed well (managing mutual funds and hedge funds) benefitted from trading on illegal inside information (hence, cheating). I also think there's a difference between being long BTC (as I am, and that's how I read your statement) and actively trading in-and-out on trends.
Wish I was awake last night, I probably would have bought some BTC on Coinbase (since Dwolla shut to BTC, I haven't funded any exchange accounts to place limit orders). I'm not a trader, but being long BTC, I will buy on what appear to be dips.
oh my god it crashed to 136 
eh.. wait... to 136 € ?
lol
eh.. wait... to 136 € ?
lol
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