Bitcoin Forum

Economy => Speculation => Topic started by: usscfounder on December 10, 2013, 09:17:58 PM



Title: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: usscfounder on December 10, 2013, 09:17:58 PM
Bitcoin is now back over $1000.  Before we get to the next crash, anyone have any predictions on how far it will rise this time?


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: evolve on December 10, 2013, 09:52:34 PM
If I had to guess, I'd say between 1500 and 2000.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: kireinaha on December 10, 2013, 09:54:24 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: hyphymikey on December 10, 2013, 10:00:08 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

+1

-2


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: piramida on December 10, 2013, 10:00:23 PM
About 2000 , January next year.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: phatsphere on December 10, 2013, 10:00:37 PM
tomorrow, we could see a blood bath


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: Ibian on December 10, 2013, 10:00:45 PM
Rawr roar. Mooh. Don't care. Buy and hold and be rich next year.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: Soopaman on December 10, 2013, 10:03:13 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

I'm not ruling that out as a possibility, but there was no basis for the crash other than misinterpretation of the news out of China. Now that people are getting straightened out on what it actually meant, and we're getting some more positive news (Paypal, hao123.com), I think things are feeling bullish.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: I_bitcoin on December 10, 2013, 10:04:15 PM
tomorrow, we could see a blood bath

tomorrow our fiat will take a bitcoin bath :)


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: Hyena on December 10, 2013, 10:04:38 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

and what makes you so sure? this can be anything, really. the fact that there are some illustrative charts lying around with sentences such as "return to normal" doesn't mean anything. The last weekend was more like pirate40's default not real crash or whatever. If you were around that long you would know how bitcoin works. It ain't that easy that you look some stupid bubble illustrations and become immediately a market prophet.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: kireinaha on December 10, 2013, 10:06:11 PM
I've been spreading sell orders since $900, but I'll hold onto some of my holdings this time just in case we do breakthrough $1200. I'm just not feeling the same levels of enthusiasm as last month.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: MAbtc on December 10, 2013, 10:12:24 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

I'm not ruling that out as a possibility, but there was no basis for the crash other than misinterpretation of the news out of China. Now that people are getting straightened out on what it actually meant, and we're getting some more positive news (Paypal, hao123.com), I think things are feeling bullish.
I still see no evidence that news matters. It is just adapted to market sentiment. I don't think it crashed because of misinterpretation, but because the event was due. The timing was the only question.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: MAbtc on December 10, 2013, 10:15:45 PM
I've been spreading sell orders since $900, but I'll hold onto some of my holdings this time just in case we do breakthrough $1200. I'm just not feeling the same levels of enthusiasm as last month.
On this forum, it's hard to tell.  :D

I don't, either, though. As such, I've been selling coins on this bounce. Fortunately we are still below my original average sell price.

If I am wrong, I will cry. :-\


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: Jcw188 on December 10, 2013, 10:20:56 PM
I don't know, I'm beginning to think all the liquidity the fed created is starting to find its way into BTC.  Today I saw there was a big spike in online searches for the term Bitcoin.    I don't see the liquidity spigot being turning off so if we make a new high here I'd agree with the $1500-$2k mark.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: protokol on December 10, 2013, 10:34:55 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  :-\


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: Ibian on December 10, 2013, 10:36:46 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  :-\
Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: BitchicksHusband on December 10, 2013, 10:42:26 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  :-\
Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.

Given the $1300 Merrill Lynch / Bank of America valuation, apparently they have no clue.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: protokol on December 10, 2013, 11:10:13 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  :-\
Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.

Given the $1300 Merrill Lynch / Bank of America valuation, apparently they have no clue.

Yeah, Re: Merrill Lynch's valuation, I think it's a value that was engineered to sound reasonably bullish, without instantly causing panic by being incredibly high (they have probably sussed that the value could increase by another order of magnitude, they obviously don't want to say that publically because they could lose money, and look stupid).

What I meant with the "big money" is that: Big investors would probably either have bought in between $300-900, or would have waited for a dip (which did look like it was coming sooner or later tbh...).

whereas little fish are more likely to buy near the top.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: zimmah on December 10, 2013, 11:22:00 PM
Bitcoin is now back over $1000.  Before we get to the next crash, anyone have any predictions on how far it will rise this time?

normally it takes a while between two bubbles. (and that's a good thing)


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: emanymton on December 10, 2013, 11:34:01 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  :-\
Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.
If they did this btc value would already be 10k+


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: Sitarow on December 10, 2013, 11:35:15 PM
Max today

http://www.youtube.com/watch?feature=player_detailpage&v=tZDmpiSdTTk#t=793

one of his better shows.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: Ibian on December 10, 2013, 11:37:06 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  :-\
Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.
If they did this btc value would already be 10k+
I take it as a sign that we are still VERY early, but that's me. After all, this isn't something innocent like a messaging program or another name-brand computer. This concerns the worldwide economy, more than that, the very fundamentals of it. Of course fiat investors are going to be sceptic, even if they understand it.


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: emanymton on December 10, 2013, 11:46:22 PM
This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  :-\
Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.
If they did this btc value would already be 10k+
I take it as a sign that we are still VERY early, but that's me. After all, this isn't something innocent like a messaging program or another name-brand computer. This concerns the worldwide economy, more than that, the very fundamentals of it. Of course fiat investors are going to be sceptic, even if they understand it.
I agree completely, it shows that big money doesn't understand bitcoin... yet
Seems like they're starting to come around slowly now they realise it isn't just a fad.
The real growth is still ahead of us IMO


Title: Re: We Are Now On The Way To The Next Bubble - Bitcoin Overcomes Chinese Crash
Post by: shmadz on December 11, 2013, 01:01:15 AM
Max today

http://www.youtube.com/watch?feature=player_detailpage&v=tZDmpiSdTTk#t=793

one of his better shows.

Thanks for this Sitarow.

Pulling my asks now.