Bitcoin Forum

The bitcoin price has gone up at a nice even rate since November 10th. Back then the price was around $325 at the gox. Since then it has gone up to 500 in 7 days making it an average increase of $25 per day.

One could say that we've had a nice even progression upward since November 3rd with the exception of a correction on November 8-9.

I like this type of market. No wild swings, just a nice return on my bitcoin.

Well, to get the balance, all positive things has their negative side...w'll know it soon enough

It seems inevitable that there will be a correction of some sort. I'm just glad we don't have the wild swings at this point.

Why does there need to be a crash?
Why does there need to be a correction?

Bitcoin is not a stock.

As long as it continued to go viral, and adoption increases, its value will as well.

This is why all the smartypants fiancial guys I know who told me I was an idiot for not selling at $150 currently have their feet in their mouth.

Bitcoin does not behave like anything we have seen before.

Its something completely new.

haha yes +1

I don't believe there has to be a crash but I do believe there will be a correction. The reason I believe that is because the bitcoin price follows some of the same principles as the stock market, most notably supply and demand.

Stock prices are like a rubber band. When they go far in one direction they snap back in the other direction. This doesn't mean that the general direction has to change though. But if there is too much interest in one direction there is the perception that the commodity is either overbought or oversold and people invest accordingly which takes the price to the other side.

There will be no crash...the demand is too high now, it will catch up every crash. The only way is up now...