Bitcoin Forum

It is normal growth. We are back on normal route.

http://www7.pic-upload.de/01.09.13/ul8yak61pvc.png

See that pimple-bubble in June 2011? Well maybe the April 2013 bubble is a pimple-bubble in the foothills of godzilla-bubble!  :)

please press on the "logarithmic" checkbox. then come back and enlighten us, where the bubble is supposed to be … ?

this very technical graph that you make could be on bloomberg also  :D ;D !

People can't get dollars out of Gox, so they buy bitcoins.

What about EUR.

I can't get the image out of my head, you know the one (posted by Adamstgbit I think) of bears in denial, huddled in a corner, rocking back and forth, repeatedly murmuring "getting money out of Gox".

 ;D

we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

Define "crash" please.

$434? Why that number?

I figure it gets closer to triple digits before crashing down to a couple of hundred.

We are out of bubble territory. This is normal grwoth.
Just take a look at this chart:
http://imageshack.us/a/img855/4141/9eaf.png

In the previous bubble, the number of new members was stable when the bubble was over. And what do we see now? Stable number of new members :)

Once the price reaches 260$ all those losers, who bought for 260$, will dump their coins.

And then the price will jump to 600...! LOL!

Everyone seems quite convinced we're going to to 200+... I wouldn't be surprised to see it fall back to 100-120 next week. It went up too fast again... it needs to happen more gradual.

Someone pumping 2.5m usd into the market will only make the price go up for a short time. It is not sustainable unless there is a lot of new interest or ground breaking news.

It can go up to 200 usd before people start understanding that the recent increase in price was manipulated.
If the price keeps increasing, why would people sell now?

it makes perfect sense that bitcoin is shooting up in value at this time.


think about it...

hahahaha ı love you guys

I don't know.  People are not that patient in general.  I think many that purchased above $200 were upset when they did not make a quick profit and then sold at a loss.  Maybe they are even buying now that it is rising again?  It is hard to say.  I think many of us have been buying all along though.  I have purchased but not sold any.  I don't have a huge amount by any means, but I just like have some as a way to diversify investments.

Look at the bottom after the huge bubble. Bulls went to war at $50 pumping $100 million(?) into bitcoin. Then again we came to retest that number at about $60ish and we rebounded. If there ever has been a solid foundation for bitcoin it's been set. Even if it were to try and break lower those with massive investment could easily manipulate the market higher to defend/escape their position.

i think the next real bubble should burst after $1.5k so I'm confident buying right now.

+1

maybe even a little higher, right around 2k...

I agree, but the currect run up was too fast... We are not yet ready for a new bubble.

We will see people selling of a little but because they were burned when they bought above 100 USD.

I gues we will see a drop to 110 USD in the near future

Yup, Bitcoin is probably the most manipulated market in the world right now
So much for Currency 2.0 ... it's just the same shit, different masters, except in this case the bulk of the wealth is held by an even smaller number of people. If they would like to identify themsleves and their agendas (other than getting 'rich') I might be more inclined to support it
As it is I just see a bunch of sharks preying on fear and trying to profit from suffering
Good luck to you ...

Any technical analysis will fail because of Gox...


http://s2.postimg.org/bm746cevd/btctrends.png

it will go normal now for few days and then again one burst but not very soon

Who's to say it was even a bubble at all?

I feel it was just uncertainty that led to the rapid decline, people are still unfamiliar with Bitcoin.

I'm not an experienced trader, but this post expresses exactly my feeling about bitcoin.

Ingenuity of its design when it comes to decentralization and cryptography is not questionable. But I think more thought should have been put into the rules about wealth distribution. The new crypto-owner class are way below even the infamous 1%. I think this will be the biggest obstacle for wide adoption of btc.

in other words. if bitcoins WORK it's way undervalued. so to the moon we go. get your rocket ready

I dont believe this bubble will go above 200

It went to $266 already. What you are seeing now is a retrace. Nothing is a bubble until it zooms 5 or 10x higher than anything seen before, at least.

Really? Why 5 or 10? Why not 42 or 3.731?

Yep 42 or 3.1415926535 or anything like that, but not 0.55 of previous high

Actually the run-up is a lot slower than it was during the March-April surge. Then, it went from 70 to 140 in only a few days. This time, it took the best part of two months. It feels a lot less mad this time around.  

August was like January. The next two months will be fun  :D

btc almost doubled since the first week of july. if it keeps rising like this...

beginning of november: 280,- $
beginning of january: more then 500,- $

i would buy if i had funds  :)

This is how I would see it playing out generally over the next 5 months.

Where you get the numbers from?

exponential increase given a steady growth

out of my arse. :-* i was just sayin that IF it keeps rising like the last 60 days it will reach those figures.

I'm feeling giddy too about the coming months. This sudden increase in price because of Goxs problems has created a very high jump off point.


I don't think this is a bubble though, more like a steady rise.

Even kids know that Bitcoin is a snowball.

Please be more precise in future. These vague numbers are hard to plug into my abacus.

I speculate it will get to $435.59807.  Does that help? ;)

"I speculate it will get to $4355980.7.  Does that help? ;)"

For ACCURACY I moved the decimal point to the proper position. Hope this helps.

4 mio ???? wow. i save this for the later world wondering about this incredibly detailed forecast.

Sorry, that's several bubbles away. For this mini-bubble, $435 is pretty close. But next year's bubble should peak at around $2903, IIRC. ATTENTION, BY ORDER OF THE TIME POLICE, ALL WHO HAVE READ THIS THREAD ARE ORDERED TO TAKE THE PLAID SUPPOSITORY WITHOUT DELAY.

the thing is that the price was only at ~$260 for a very short time, so very few people were able to actually buy many coins at that price. the mistake many will make will be selling at $260 when the price will most likely surpass that record high.

Based upon how it blasted past the previous peak of $31 and never looked back, I suspect that the same will happen at $266 (on the way to $400?  :))

This time is the normal adjustment, I feel the price should be stand on $150 for a long time.

Was it was a "mistake" for people to sell at $100 when they bought at $50, or sold at $200 when they bought at $100?  I guess if they bought back in low they were the really smart ones.  Personally I have only bought and not sold any.  I think that if people sell some at $260 that the price will still have ups and downs and they can probably buy back lower at some point.  The real question is how volatile is Bitcoin going to be in the future?  Will there be major drops as time goes on?  If so, it would be nice to take advantage of those drops if possible.  Easier said then done, as many a speculation thread has been written on this.

Quite unlikely considering how the Bitcoin price fluctuates in the past, but it would be nice change

bitcoin fun is still coming and its have some time for this don't worry about this suddenly up and downs