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Topic: When will October's bubble burst? - page 3. (Read 11026 times)

legendary
Activity: 2156
Merit: 1070
October 23, 2013, 02:07:18 AM
The shape now looks (to my untrained eye) quite similar to the crash
shape in april.

Misread. Sorry.
full member
Activity: 196
Merit: 100
October 23, 2013, 02:01:25 AM
The shape now looks (to my untrained eye) quite similar to the crash
shape in april.
hero member
Activity: 728
Merit: 500
October 23, 2013, 01:50:22 AM
You understand that 10,000% means that for every 1 bitcoin you started out with in the beginning of that two week period, you ended up with the equivalent of 100 BTC (USD equiv)?  

I doubt that you did this and I doubt it was possible.
Read again. I only said I made 1,000%, and that it might have been possible for someone else (superman) to make 10,000%
legendary
Activity: 2156
Merit: 1070
October 23, 2013, 01:39:25 AM
You understand that 10,000% means that for every 1 bitcoin you started out with in the beginning of that two week period, you ended up with the equivalent of 100 BTC (USD equiv)? 

I doubt that you did this and I doubt it was possible.
hero member
Activity: 728
Merit: 500
October 23, 2013, 01:33:59 AM
I made almost 1000% during the two weeks of the April crash alone. A better trader probably could have made 10,000%.

I'm curious, please elaborate: how could one have traded two weeks within April to gain 10,000 %? Wink
By trading very short-term waves very skillfully.

I leave you with this:



And this:

http://www.youtube.com/watch?v=onMq0NHEEpo

Of course for the 10,000% it would probably have to be a small player starting with 20btc or less to have enough liquidity to make all of the trades.
full member
Activity: 196
Merit: 100
October 23, 2013, 01:23:00 AM
Could you please supply further information?
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
October 23, 2013, 01:02:56 AM
Chinese investors have a big amount of money, I think this time the rally will last for a long term, months..., ha?
legendary
Activity: 1106
Merit: 1024
October 22, 2013, 11:30:04 PM
I made almost 1000% during the two weeks of the April crash alone. A better trader probably could have made 10,000%.

I'm curious, please elaborate: how could one have traded two weeks within April to gain 10,000 %? Wink
legendary
Activity: 1064
Merit: 1001
October 22, 2013, 09:22:19 PM
Do you think the run-up/niche filling came to an end, stabilizing now?


Or are we experiencing the fist signs of a bubble popping?
full member
Activity: 196
Merit: 100
October 22, 2013, 07:00:01 PM
Do you think the run-up/niche filling came to an end, stabilizing now?
full member
Activity: 154
Merit: 100
Johnny Bitcoinseed
October 22, 2013, 04:58:47 AM
One good thing about the run-up, and very important, is that it puts Bitcoin into the mainstream media spotlight once again.

Whether it rises or falls, if you are still holding your coins you have lost or gained nothing.  Just numbers on a screen you are looking at.  It is only when you exchange them for goods or services or another currency that any real profit or loss takes place.
legendary
Activity: 1792
Merit: 1047
October 22, 2013, 04:29:21 AM
seriously, i find it crazy that i can't put stop losses

bitfinex.com

cavirtex.com
legendary
Activity: 1834
Merit: 1019
October 22, 2013, 02:39:05 AM
seriously, i find it crazy that i can't put stop losses

bitfinex.com
legendary
Activity: 1036
Merit: 1000
October 22, 2013, 02:37:27 AM
#99
I think the problem is that Chinese bitcoin speculators didn't get bit hard by the last two bubble bursts so they can run this up who knows how high before it pops.  It will eventually pop because there's no sane reason for it to constantly be going up other than that people see the price going up and are thus buying lots of bitcoins to try and ride it up.  Who knows how long this will run but I'm more curious where it'll end up.
I'm pretty sad though since I got rid of most of my holdings a while back to buy something in bitcoin and now I've apparently paid 50% more in fiat.  =(
Oh god, imagine a 2011-style bubble in China. Bigger and faster than the 2013 bubble (which is now looking more like an exponential upward correction).
hero member
Activity: 686
Merit: 500
October 22, 2013, 02:13:38 AM
#98
seriously, i find it crazy that i can't put stop losses
hero member
Activity: 608
Merit: 500
October 22, 2013, 02:10:28 AM
#97
I think the problem is that Chinese bitcoin speculators didn't get bit hard by the last two bubble bursts so they can run this up who knows how high before it pops.  It will eventually pop because there's no sane reason for it to constantly be going up other than that people see the price going up and are thus buying lots of bitcoins to try and ride it up.  Who knows how long this will run but I'm more curious where it'll end up.
I'm pretty sad though since I got rid of most of my holdings a while back to buy something in bitcoin and now I've apparently paid 50% more in fiat.  =(
hero member
Activity: 728
Merit: 500
October 22, 2013, 02:03:38 AM
#96
Guys we need solutions for this sleep issue. It isn't healthy. Like phone apps with alarms that aware us when certain TA indicators are met and exchanges with advanced type of orders like stop loss / trailing stop loss. Maybe someone has written a bot that can detect and sell a crash?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
October 22, 2013, 01:55:21 AM
#95
I love how easily everyone falls for psychological digit barriers and is unable to think in log scale.

The $32 bubble, well, price went up over 1000%. It crashed to below where it started. And after a while we recovered and now $32 is ancient history.
The $13-$266, well, price went up over 1000%. And we never even hit the start point during the crash! Heck, we stayed almost 400% above the start point at all times! And now, not even a year later, all but the folks who bought in at the very top are seeing gains. What a bubble.

Now we've gone up, what, 40% from pre-SR-news price... and everyone's convinced that this is the worst possible time to buy into the "bubble" and it must end soon... will pop as soon as it gets over $200..

It might end right after we cross $200. But then again, we may just see another 1000%. Don't underestimate the market (or overestimate, for that matter.) Remember when a whole bunch of people were convinced $29 was the top in early 2013... 


So...sell at $1250...gotcha.
hero member
Activity: 686
Merit: 500
October 22, 2013, 01:54:55 AM
#94
I don't see it going much past 300 again before another epic burst. sorry everybody
i agree, i think we'll lose steam before then even, but we'll see! still all in obviously...... just not sleeping anymore in case of crash.
legendary
Activity: 1611
Merit: 1001
October 22, 2013, 12:51:41 AM
#93
I don't see it going much past 300 again before another epic burst. sorry everybody
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