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Title: Another Bubble about to Burst Post by: Opsamk on November 28, 2013, 03:06:18 PM I've been around during the last 3 bubble bursts. Seeing the current state of the bitcoin economy today, it looks like the bubble is about to burst, probably around $2k is when it seems ridiculous and then everybody starts to sell off in the next couple weeks. Some of you may not be able to smell the smoke, but I do.
Title: Re: Another Bubble about to Burst Post by: Zendata on November 28, 2013, 03:11:26 PM Yeah this one looks rough, and the road may be too tough to swallow for now. Euphoria.
Title: Re: Another Bubble about to Burst Post by: NUFCrichard on November 28, 2013, 03:18:43 PM maybe it will have a massive blowoff top....... $5k perhaps That would be crazy, and bitcoin loves crazy! Title: Re: Another Bubble about to Burst Post by: sgbett on November 28, 2013, 03:38:12 PM The deep correction when we first hit $900 makes me feel this has a way to go yet. During previous run-ups, any correction has ended up looking fairly insignificant once the true magnitude of the exponential curve is revealed.
However, as with every run up before, I just can't see how we can possibly go much higher!!!? Which is how I felt at $10 on the way to $30, and then at $60 on the way to $266... I'm not even sure what is real anymore. Title: Re: Another Bubble about to Burst Post by: Wilhelm on November 28, 2013, 03:41:31 PM The deep correction when we first hit $900 makes me feel this has a way to go yet. During previous run-ups, any correction has ended up looking fairly insignificant once the true magnitude of the exponential curve is revealed. However, as with every run up before, I just can't see how we can possibly go much higher!!!? Which is how I felt at $10 on the way to $30, and then at $60 on the way to $266... I'm not even sure what is real anymore. Dit you take the blue or red pill ? Title: Re: Another Bubble about to Burst Post by: sgbett on November 28, 2013, 03:48:49 PM The deep correction when we first hit $900 makes me feel this has a way to go yet. During previous run-ups, any correction has ended up looking fairly insignificant once the true magnitude of the exponential curve is revealed. However, as with every run up before, I just can't see how we can possibly go much higher!!!? Which is how I felt at $10 on the way to $30, and then at $60 on the way to $266... I'm not even sure what is real anymore. Dit you take the blue or red pill ? I think the red, it was dark though... I keep seeing lots of green numbers fly past on clark moody, and I can't find a single spoon anywhere in the house! Title: Re: Another Bubble about to Burst Post by: Ozymandias on November 28, 2013, 04:12:26 PM The deep correction when we first hit $900 makes me feel this has a way to go yet. During previous run-ups, any correction has ended up looking fairly insignificant once the true magnitude of the exponential curve is revealed. However, as with every run up before, I just can't see how we can possibly go much higher!!!? Which is how I felt at $10 on the way to $30, and then at $60 on the way to $266... I'm not even sure what is real anymore. Dit you take the blue or red pill ? Crushed both, mixed them together, railed the entire mixture Title: Re: Another Bubble about to Burst Post by: I_bitcoin on November 28, 2013, 04:13:48 PM Someone needs to take the air out of the balloon. Will no one dump just a bit to keep this under control?
Title: Re: Another Bubble about to Burst Post by: PenAndPaper on November 28, 2013, 04:15:11 PM I've been around during the last 3 bubble bursts. Seeing the current state of the bitcoin economy today, it looks like the bubble is about to burst, probably around $2k is when it seems ridiculous and then everybody starts to sell off in the next couple weeks. Some of you may not be able to smell the smoke, but I do. If 1000$ doesn't seem ridiculous and people keep buying then nothing will change at 2000$. See you at 10000$. :-X Title: Re: Another Bubble about to Burst Post by: Opsamk on November 28, 2013, 04:21:46 PM I've been around during the last 3 bubble bursts. Seeing the current state of the bitcoin economy today, it looks like the bubble is about to burst, probably around $2k is when it seems ridiculous and then everybody starts to sell off in the next couple weeks. Some of you may not be able to smell the smoke, but I do. If 1000$ doesn't seem ridiculous and people keep buying then nothing will change at 2000$. See you at 10000$. :-X Yeaaaano... I look forward to the end result. Title: Re: Another Bubble about to Burst Post by: notme on November 28, 2013, 04:24:59 PM The deep correction when we first hit $900 makes me feel this has a way to go yet. During previous run-ups, any correction has ended up looking fairly insignificant once the true magnitude of the exponential curve is revealed. However, as with every run up before, I just can't see how we can possibly go much higher!!!? Which is how I felt at $10 on the way to $30, and then at $60 on the way to $266... I'm not even sure what is real anymore. Dit you take the blue or red pill ? I think the red, it was dark though... I keep seeing lots of green numbers fly past on clark moody, and I can't find a single spoon anywhere in the house! LOL Title: Re: Another Bubble about to Burst Post by: Edward50 on November 28, 2013, 04:32:40 PM It seems that most people are not selling and just riding it higher. This seems to be the best strategy right now. I wonder how high it can go if most people don't sell and just a few coins are really put on the market.
At one point when the momentum stops and people start to sell it is highly questionable if the money will be there for all the people who want to cash out. I think most normal people are simply not buying and it must be some big investor trying to corner the market or something. Title: Re: Another Bubble about to Burst Post by: Opsamk on November 28, 2013, 04:49:25 PM It seems that most people are not selling and just riding it higher. This seems to be the best strategy right now. I wonder how high it can go if most people don't sell and just a few coins are really put on the market. If what you say is true, then the market is at the mercy of the sellers/holders, which usually makes a nice storm when the bubble is popped. We are reaching the point of market saturation where there are no more buyers left in the current bitcoin adopter pool. This realization will cause most people to panic and try to reach for that big pot of gold at the top of the bubble. I find it very likely now that we will hit no more than $2k and panic selling will be the next big news item.At one point when the momentum stops and people start to sell it is highly questionable if the money will be there for all the people who want to cash out. I think most normal people are simply not buying and it must be some big investor trying to corner the market or something. Title: Re: Another Bubble about to Burst Post by: kireinaha on November 28, 2013, 04:55:00 PM If you expect that $2,000 could be the top, then we still have a ways to go, no? Well, given the current rate of growth, maybe a week or less... ::)
Title: Re: Another Bubble about to Burst Post by: whiskers75 on November 28, 2013, 05:15:38 PM Been watching http://whiskers75.com/bitcoin - you can see when it hits a figure like $1200, you get about 120 sells, and then a flood of buys to match the price back up. One day, those sells will be too big to recover from... :\
Title: Re: Another Bubble about to Burst Post by: t3xasdolly on November 28, 2013, 05:24:31 PM I've been around during the last 3 bubble bursts. Seeing the current state of the bitcoin economy today, it looks like the bubble is about to burst, probably around $2k is when it seems ridiculous and then everybody starts to sell off in the next couple weeks. Some of you may not be able to smell the smoke, but I do. You can make sell orders up to 2000 and buy orders lower if you believe your right Keep some coins just in case your wrong ;) Title: Re: Another Bubble about to Burst Post by: superresistant on November 28, 2013, 05:28:35 PM Yes the bubble that is gonna burst soon is the Dollar.
Title: Re: Another Bubble about to Burst Post by: jerelimZ on November 28, 2013, 05:39:41 PM It seems that most people are not selling and just riding it higher. This seems to be the best strategy right now. I wonder how high it can go if most people don't sell and just a few coins are really put on the market. At one point when the momentum stops and people start to sell it is highly questionable if the money will be there for all the people who want to cash out. I think most normal people are simply not buying and it must be some big investor trying to corner the market or something. Not all will consider selling, unless panic sell occur. I have felling such continuous rise must be bull trap. Title: Re: Another Bubble about to Burst Post by: kireinaha on November 28, 2013, 05:42:29 PM Coinbase just exceeded their daily buy order limits today, similar to what happened on Nov. 18 when price doubled in one day. Either there must still be huge demand for more coins, or the Coinbase staff just wants to relax for Thanksgiving and stop filling orders. lol
Title: Re: Another Bubble about to Burst Post by: mskryxz on November 28, 2013, 05:51:20 PM Will they freeze my order I made last week that is still pending to arrive for tomorrow?
Or only new orders made today? This is in regards to coinbase. Thanks Title: Re: Another Bubble about to Burst Post by: kireinaha on November 28, 2013, 05:55:59 PM Will they freeze my order I made last week that is still pending to arrive for tomorrow? Or only new orders made today? This is in regards to coinbase. Thanks Sounds like it just applies for orders today. It said something to the effect that all orders made today will be filled at the current market price as of Thursday, December 5. So you should be OK, but Coinbase, much like all the other exchanges, can be unpredictable... Title: Re: Another Bubble about to Burst Post by: Opsamk on November 29, 2013, 10:52:45 AM This is getting exciting ;D
Title: Re: Another Bubble about to Burst Post by: PenAndPaper on November 29, 2013, 11:53:49 AM do we keep making this thread every ATH? ::) ... like really? People bet that bitcoin will crash in every new ATH so it's natural to see threads about that. So far everyone lost their money. :-[ |