Bitcoin Forum

Disclaimer -
OP is  a long term bull and holder of bitcoins

Op wants the price to keep going up
Op understands we are in an unsustainable bubble right now

what bubble?

The last "bubble" did not last.  The next "bubble" will do the same.  Sure there will be some volatility but over the long run the price will just continue to go up.

the 100 dollar rise in bitcoin value in ten days - generally known as a bubble -

 looks at a two year chart on bitcoin and see the other two instances this occurred, and no this time isn't different. THe price is irrational right now  , however i do believe in longterm value appreciation for bitcoin

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.

When it doubles for the fifth time it will crash to the 3rd double and then even out to the 4th.

The bitcoin economy suddenly grows from a single major (incompetent) exchange to several high volume highly liquid exchanges plus etfs, second market, etc. The price goes up 80% over an entire month  to a level that its already visited during the mtgox era. This is a bubble?

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bubble not found

considering this rally is being led by solely by the chinese, i would call it a bubble

You sir, are racist!  ;)

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

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,-.

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

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

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 ;)

ding ding ding

Then 4% a day it will be  :o

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.

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.

Then I hope you also see this as a huge opportunity.

So many bubbles.

http://i664.photobucket.com/albums/vv10/JimboToronto/suds.jpg (http://s664.photobucket.com/user/JimboToronto/media/suds.jpg.html)

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.

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.

Yes, Bitcoin is not a bubble, it is a foam party, where bubbles are popping all the time, endlessly until the end.

http://rockymountainroll.com/images/Foam%20Party.jpg

log scale people, log scale

nothing to see here

http://bitcoincharts.com/charts/chart.png?width=1080&m=mtgoxUSD&SubmitButton=Draw&r=&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=1&p=0&