nothing to see here
Topic: When will the bubble pop? (Read 2519 times)
log scale people, log scale
nothing to see here
nothing to see here
So many bubbles.
Yes, Bitcoin is not a bubble, it is a foam party, where bubbles are popping all the time, endlessly until the end.
Bubbles pop when there is no one left to get long and everyone is sure it will keep going up forever. I think we are a long way from that at the moment, but I would expect some big pullbacks along the way.
considering this rally is being led by solely by the chinese, i would call it a bubble
No, that is just increasing adoption. More people join the fun, and there will be more to come. This growth it just the rapid but natural growth of a new thing being embraced by many people.
It makes sense that is should occur in bursts, as we are seeing now.
Ofourse, we'll overshoot a bit and then settle down at a new temporary stable value, my guess it will be in the $300-500 range.
Yes, but this is being driven by a relative handful of Chinese, a really really tiny fraction of the Chinese population... if this is the spark that "ignites" the Chinese market, we're in for a hell of a firestorm.
Seriously, I've tried running some "What if" calculations and the numbers just go into orbit, past the moon, intergalactic and halfway to the edge of the freaking cosmos... everything comes out completely unbelievable. It would be "nice" if something would tell me that we're only going to a thousand or two, I can comprehend that.
So many bubbles.
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
i'm not new to bitcoin, i've seen 4% rise a day before, and i've seen the outcome
Then I hope you also see this as a huge opportunity.
considering this rally is being led by solely by the chinese, i would call it a bubble
No, that is just increasing adoption. More people join the fun, and there will be more to come. This growth it just the rapid but natural growth of a new thing being embraced by many people.
It makes sense that is should occur in bursts, as we are seeing now.
Ofourse, we'll overshoot a bit and then settle down at a new temporary stable value, my guess it will be in the $300-500 range.
I think to have a real bubble it must pop and never recover, so a price correction would probably be a better term. If ever bitcoin goes to below $1, that will be a bubble pop! (imho)
If it goes to $10 it's not a bubble? Or to $50? Or to $100?
It'd say everything retracing more than 33% is a bubble.
What I meant to say usually you don't recover from a bubble. Judging on the drop to $64 a few months ago, and the current recovery, that was not a bubble.
I think to have a real bubble it must pop and never recover, so a price correction would probably be a better term. If ever bitcoin goes to below $1, that will be a bubble pop! (imho)
If it goes to $10 it's not a bubble? Or to $50? Or to $100?
It'd say everything retracing more than 33% is a bubble.
I think to have a real bubble it must pop and never recover, so a price correction would probably be a better term. If ever bitcoin goes to below $1, that will be a bubble pop! (imho)
Then 4% a day it will be 
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
i'm not new to bitcoin, i've seen 4% rise a day before, and i've seen the outcome
Yeah, after about a month they eventually gave way to 10% a day gains
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
i'm not new to bitcoin, i've seen 4% rise a day before, and i've seen the outcome
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
this
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
The only "bubbles" with bitcoin have been rapid > 10x price movements. The first in 2011 from 0.01 to ~30 and the second in 2013 from ~10 to 266.
Going from ~130ish to 266 is not a bubble by this metric.
We will be in bubble land if the price rapidly moves to >1,500. Until then this is a stable rise.
What characterize bubble is fast price increase, near the bubble pop is often even higher price increase.
Im pretty sure we are in a bubble now, only question of time when the bubble pop
I'm sure it will decrease in price again, but no one knows when. And, when the price has fallen a bit, it will increase again. This pattern keeps coming back in my opinion. Allthough I don't think it will decrease to a price less than $200,-.
bubble would be if we went to 400 tomorrow and 720 on an intraday spike the following day
there will be a correction, I am sure, but the current price is close to long term trends
there will be a correction, I am sure, but the current price is close to long term trends
considering this rally is being led by solely by the chinese, i would call it a bubble
You sir, are racist!
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