Bitcoin Forum

Is it coming? Should I start another "never 30" again thread?

Seems like a standard combination of weekend dip and one of numerous corrections we've already had during this uptrend.

I just had déjà vu reading the 2 posts above this...

What happen?

we are testing 29 right now (not 30).

OK, still looks just like the weekend dip that everyone expected

Lets burn this sucker down! ;D

http://blog.lawinfo.com/wp-content/uploads/2012/02/House-Fire.jpg

Guys can we have another Valentine's Day rally please? :'(

obligatory thread

 ;D ;D ;D

that will be next year, of course

why?? :D

What did you expect? Another unsupported, uninhibited rise to >30?

We're headed back down now into the oversold zone before coming back up. No amount of "it's just a minor correction" will fix that.

On what time frame?  We're already oversold on the hourly, not even close on the daily.

If history will repeat itself, on the daily. Only after we left oversold did the price move back up.

Edit: Though I must admit, we won't crash as far this time. We didn't go up as high because some speculators remembered, and we won't go as low either for the same reason.

LOL... after you prolly sold a few hundred BTC at 31+ and now you want more BTC... I see right through ya!

Deceiver! HAHA.  ;D

TC

We'll hit $30 back again.

still very low volume:

https://i.imgur.com/q94K9Oq.png

So we can see slow sustainable growth.   I want the bubble to pop hard so the economy can grow at a more "natural" rate.





Close...I closed my last trade in the high twenties.  But yes, I will buy in if the price drops low enough.

Bear!Bear!Bear!  :P

Nah we don't have bears anymore, just some bulls who are far behind the herd, waiting for the price to come down to the level below where they sold off to jump back on. That is the reason it won't go as far as most of them hope, though :)

lol natural in quotes...so not natural at all????

Plus, what's unnatural about the current growth, with exponentially increasing user base, media attention and merchants starting to accept BTC?

Natural is in quotes, because I am referring to my own feeling of what the natural growth rate should be (as opposed to any actual metric).

I've gone over this before, but I dont think any of that is driving the price...yes more merchants, better usability, etc are great things for BTC, but the price right now (in my opinion) is being driven by pure speculation (and fueled by over optimism), not usability.

it would have to ~double twice, so once a year.

At the current rate of doubling every half a year, we get to 100bil capitalization in about 4 years. Sounds about right to me.

Why doubling every half year is about right?

This is what past reality teach us. :-)

yes, bitcoins minimum price has doubled every 6 months so far since the first exchange opened - for the last 3 years, started at 10 cents per bitcoin (sweet times and that's also about when I first heard of bitcoin but stupidly decided to try mining instead of investing), so extrapolating. of course, it can break the pattern and grow faster... or stop growing... we'll see.

I am curious what the "IPO" price is? Then seems according to your estimation, the IPO price is about 0.1dollar sth, is that true?

Only my pesimistic estimation based on this chart https://bitcointalk.org/index.php?topic=145973.0 (https://bitcointalk.org/index.php?topic=145973.0)