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Topic: When will October's bubble burst? - page 4. (Read 11068 times)

sr. member
Activity: 330
Merit: 252
NEIN, ICH BIN DER BITCOIN!
October 21, 2013, 11:44:54 PM
#92
Whenever we get near 200 its like the ghost of the flash crash is up there lurking and creating this panicky crash energy where a whole bunch of asks show up and bids are hit hard and deep. This is twice that gox and btce have dropped 15 in the bat of an eye (bit stamp 10). I fear its only going to going to get worse as we go higher. And this is without any whales even capitulating. How do you guys handle this with your nerves or get any sleep? I've tried shorting these movements a few times only to lose tiny fractions of my position and waste an entire weekend. But the one time I don't bother will probably be when the whales finally capitulate.

This market historically has seen around 1000% per year increase.  Do you really think you're a good enough trader to beat 1000% a year?
I made almost 1000% during the two weeks of the April crash alone. A better trader probably could have made 10,000% It would torture to have been stuck in a position from 266 waiting an entire 6 months or a year just for the price recover to where I was at instead of being able to trade the massive volatility.

Congratz for that! I bought, and hold hold hold da bitcoins, and bought and started mining. With the price increase the mining is hopefully turning out a nice ROI.....i bought my btc at an average of 65$ and i'll keep em as long as i could.....
hero member
Activity: 728
Merit: 500
October 21, 2013, 10:58:38 AM
#91
Whenever we get near 200 its like the ghost of the flash crash is up there lurking and creating this panicky crash energy where a whole bunch of asks show up and bids are hit hard and deep. This is twice that gox and btce have dropped 15 in the bat of an eye (bit stamp 10). I fear its only going to going to get worse as we go higher. And this is without any whales even capitulating. How do you guys handle this with your nerves or get any sleep? I've tried shorting these movements a few times only to lose tiny fractions of my position and waste an entire weekend. But the one time I don't bother will probably be when the whales finally capitulate.

This market historically has seen around 1000% per year increase.  Do you really think you're a good enough trader to beat 1000% a year?
I made almost 1000% during the two weeks of the April crash alone. A better trader probably could have made 10,000% It would torture to have been stuck in a position from 266 waiting an entire 6 months or a year just for the price recover to where I was at instead of being able to trade the massive volatility.
hero member
Activity: 709
Merit: 503
October 21, 2013, 10:24:27 AM
#90
I took in the first stake I wanted and could afford to lose altogether.  There is no going in and out for me.  It's all the way to the top or bottom.  The more events Bitcoin survives, e.g. SR, and the longer it goes without serious flaws being detected the happier I am.  Eventually I will bring in my second stake.  One day I really should get around to buying something with Bitcoin.  Hmm, I know, I'll give them to my wife; she's much better at spending than I am.
legendary
Activity: 896
Merit: 1000
October 21, 2013, 10:21:08 AM
#89
Whenever we get near 200 its like the ghost of the flash crash is up there lurking and creating this panicky crash energy where a whole bunch of asks show up and bids are hit hard and deep. This is twice that gox and btce have dropped 15 in the bat of an eye (bit stamp 10). I fear its only going to going to get worse as we go higher. And this is without any whales even capitulating. How do you guys handle this with your nerves or get any sleep? I've tried shorting these movements a few times only to lose tiny fractions of my position and waste an entire weekend. But the one time I don't bother will probably be when the whales finally capitulate.

There isnt enough depth to market sell. Unless something bad happens [not just "omg booobblee"], it shouldnt drop to sharply without a rebound.

I mean, 10k sell brings price down $20. 20k, $43; 30k, $60.

You'd need some real panic for people to sell in that kind of depth. If you see an ask wall, then panic Tongue

Whenever we get near 200 its like the ghost of the flash crash is up there lurking and creating this panicky crash energy where a whole bunch of asks show up and bids are hit hard and deep. This is twice that gox and btce have dropped 15 in the bat of an eye (bit stamp 10). I fear its only going to going to get worse as we go higher. And this is without any whales even capitulating. How do you guys handle this with your nerves or get any sleep? I've tried shorting these movements a few times only to lose tiny fractions of my position and waste an entire weekend. But the one time I don't bother will probably be when the whales finally capitulate.

This market historically has seen around 1000% per year increase.  Do you really think you're a good enough trader to beat 1000% a year?

Hm, no. But do I think bitcoin will grow 1000% a year? No.
legendary
Activity: 1904
Merit: 1002
October 21, 2013, 10:17:46 AM
#88
Whenever we get near 200 its like the ghost of the flash crash is up there lurking and creating this panicky crash energy where a whole bunch of asks show up and bids are hit hard and deep. This is twice that gox and btce have dropped 15 in the bat of an eye (bit stamp 10). I fear its only going to going to get worse as we go higher. And this is without any whales even capitulating. How do you guys handle this with your nerves or get any sleep? I've tried shorting these movements a few times only to lose tiny fractions of my position and waste an entire weekend. But the one time I don't bother will probably be when the whales finally capitulate.

This market historically has seen around 1000% per year increase.  Do you really think you're a good enough trader to beat 1000% a year?
hero member
Activity: 728
Merit: 500
October 21, 2013, 10:03:09 AM
#87
Whenever we get near 200 its like the ghost of the flash crash is up there lurking and creating this panicky crash energy where a whole bunch of asks show up and bids are hit hard and deep. This is twice that gox and btce have dropped 15 in the bat of an eye (bit stamp 10). I fear its only going to going to get worse as we go higher. And this is without any whales even capitulating. How do you guys handle this with your nerves or get any sleep? I've tried shorting these movements a few times only to lose tiny fractions of my position and waste an entire weekend. But the one time I don't bother will probably be when the whales finally capitulate.
sr. member
Activity: 448
Merit: 250
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October 21, 2013, 09:51:57 AM
#86
April:
7th - BTC rose $20
8th - BTC rose $24
9th - BTC rose $44
10th - CRASH!

October:
17th - BTC rose $6
18th - BTC rose $20
19th - Trading hasn't finished, but it's looking like another $20 day.

This rapid rise is accelerating at an unsustainable rate.  When will this bubble burst?

I expect we will see 100$ a day price increases  before we have another mid-term correction..



That's very optimistic, I like you're thinking if serious.
full member
Activity: 309
Merit: 100
October 21, 2013, 09:21:38 AM
#85
You know Tesla? Great company, great products, but this can happen every day also to bitcoin:

sr. member
Activity: 272
Merit: 250
October 21, 2013, 09:08:03 AM
#84
I am sat biting my nails wondering whether to sell now and wipe out some £££ debt or whether to hold and see if it continues to rise. I remember being in this same situation earlier in the year with the last big rise and it burst just as I was about to pull the trigger...

Dude, think seriously. With debd you're on minus. It's better a thousand times to be at 0 and have nothing.

Debt the chain every man should struggle to break. Then you can go back gathering, hunting or whatever our ancestors did.

I hate debt.

As Robert Kiosaki says, theres good debt and bad debt.

If you go into debt to buy a new car or tv or something that is bad debt.
If you go into debt to buy investments which yield more than the interest on the debt, that is good debt

This debt is for a loan for home improvements, I had the choice of paying part of it off or investing it in BTC. So far the BTC investment is paying off nicely as I'm up about 100% at the moment Smiley Now I'm at the point where I could cash in and clear off that fiat debt, or hold and see if I can pay off that and a chunk of mortgage as I'm aiming to be mortgage free within 5 years, currently at 10 years left.
sr. member
Activity: 448
Merit: 250
October 21, 2013, 08:59:06 AM
#83
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... 
full member
Activity: 309
Merit: 100
October 21, 2013, 08:57:37 AM
#82
I am sat biting my nails wondering whether to sell now and wipe out some £££ debt or whether to hold and see if it continues to rise. I remember being in this same situation earlier in the year with the last big rise and it burst just as I was about to pull the trigger...

Dude, think seriously. With debd you're on minus. It's better a thousand times to be at 0 and have nothing.

Debt the chain every man should struggle to break. Then you can go back gathering, hunting or whatever our ancestors did.

I hate debt.

As Robert Kiosaki says, theres good debt and bad debt.

If you go into debt to buy a new car or tv or something that is bad debt.
If you go into debt to buy investments which yield more than the interest on the debt, that is good debt

Sorry, but Bitcoin is still risky, don't tell someone he/she should get a loan to buy BTC. That's still verry stupid. Just buy BTC with money you are willing to loose...
legendary
Activity: 1002
Merit: 1000
Bitcoin
October 21, 2013, 08:53:51 AM
#81
this isn't a bubble, but a permanent rise, this is the start of Bitcoin rise

Bought all in at 194 so prepare for a sharp and violent decline anytime from now and 20 minutes from now.

LOL. I feel ya' brother

i think i´m plagued by the same disease  Cry


exactly why I stop trading and become a buy and hold bitcoiner.. im very long in BTC, dont plan to sell more than 20% at 1000$ !
sr. member
Activity: 420
Merit: 250
October 21, 2013, 08:51:32 AM
#80
I am sat biting my nails wondering whether to sell now and wipe out some £££ debt or whether to hold and see if it continues to rise. I remember being in this same situation earlier in the year with the last big rise and it burst just as I was about to pull the trigger...

Dude, think seriously. With debd you're on minus. It's better a thousand times to be at 0 and have nothing.

Debt the chain every man should struggle to break. Then you can go back gathering, hunting or whatever our ancestors did.

I hate debt.

As Robert Kiosaki says, theres good debt and bad debt.

If you go into debt to buy a new car or tv or something that is bad debt.
If you go into debt to buy investments which yield more than the interest on the debt, that is good debt

What if you go into debt to play at a mtgox/bitstamp casino?

Your yield is negative, so its a bad debt Smiley
legendary
Activity: 2170
Merit: 1094
October 21, 2013, 08:40:49 AM
#79
This would make sense if the buyer waits for the end of the crash (after the peak) to buy.
Buying now with money that one can't afford to lose is crazy IMO.
sr. member
Activity: 252
Merit: 250
October 21, 2013, 08:37:21 AM
#78
I am sat biting my nails wondering whether to sell now and wipe out some £££ debt or whether to hold and see if it continues to rise. I remember being in this same situation earlier in the year with the last big rise and it burst just as I was about to pull the trigger...

Dude, think seriously. With debd you're on minus. It's better a thousand times to be at 0 and have nothing.

Debt the chain every man should struggle to break. Then you can go back gathering, hunting or whatever our ancestors did.

I hate debt.

As Robert Kiosaki says, theres good debt and bad debt.

If you go into debt to buy a new car or tv or something that is bad debt.
If you go into debt to buy investments which yield more than the interest on the debt, that is good debt

What if you go into debt to play at a mtgox/bitstamp casino?
legendary
Activity: 2101
Merit: 1061
October 21, 2013, 08:11:19 AM
#77
I am sat biting my nails wondering whether to sell now and wipe out some £££ debt or whether to hold and see if it continues to rise. I remember being in this same situation earlier in the year with the last big rise and it burst just as I was about to pull the trigger...

Dude, think seriously. With debd you're on minus. It's better a thousand times to be at 0 and have nothing.

Debt the chain every man should struggle to break. Then you can go back gathering, hunting or whatever our ancestors did.

I hate debt.

As Robert Kiosaki says, theres good debt and bad debt.

If you go into debt to buy a new car or tv or something that is bad debt.
If you go into debt to buy investments which yield more than the interest on the debt, that is good debt
legendary
Activity: 2101
Merit: 1061
October 21, 2013, 08:09:10 AM
#76
We're due a correction as bitcoins is looking a little overbought in the short term. But this is no were near a bubble yet. Does feel like it has potential to go back into bubble territory though..
hero member
Activity: 616
Merit: 500
October 21, 2013, 08:07:24 AM
#75
Dude, think seriously. With debd you're on minus. It's better a thousand times to be at 0 and have nothing.

Debt the chain every man should struggle to break. Then you can go back gathering, hunting or whatever our ancestors did.

I hate debt.
methinks it's good to have debt. As long as your wealth exceeds it. As long as you don't take more debt than you have weath you're technically above 0
sr. member
Activity: 420
Merit: 250
October 21, 2013, 08:06:15 AM
#74
Its going to go burst soon, i can feel it. Everyone sell all ur bitcoins.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
October 21, 2013, 08:01:57 AM
#73
this isn't a bubble, but a permanent rise, this is the start of Bitcoin rise

Bought all in at 194 so prepare for a sharp and violent decline anytime from now and 20 minutes from now.
Well, then I am selling - but wait...then it will go to 1000!  Tongue

Just work in steps and you will have less regrets. Sell some, keep some.
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