Bitcoin Forum

Economy => Speculation => Topic started by: StewartJ on January 18, 2012, 05:45:14 PM



Title: The 2-Week Trading Bubble ?
Post by: StewartJ on January 18, 2012, 05:45:14 PM
Seems like that's what we've gone through, an over-leveraged bubble.

Many had commented all along that we should of been trading in the $5 - $5.50 range:


http://i43.tinypic.com/21mr9kw.gif


Title: Re: The 2-Week Trading Bubble ?
Post by: jwzguy on January 18, 2012, 05:48:13 PM
I wouldn't jump to any conclusions while the 24hr vol is still over 300k.



Title: Re: The 2-Week Trading Bubble ?
Post by: StewartJ on January 18, 2012, 05:51:03 PM
I wouldn't jump to any conclusions while the 24hr vol is still over 300k.



Are you inferring there is enough volume to jump us back up again?  Or down?


Title: Re: The 2-Week Trading Bubble ?
Post by: jwzguy on January 18, 2012, 06:03:17 PM
I'm implying not enough time has passed (since someone purposefully moved the price enough to force liquidation on Bitcoinica) to draw conclusions about where the price has ended up.


Title: Re: The 2-Week Trading Bubble ?
Post by: StewartJ on January 18, 2012, 06:05:01 PM
I'm implying not enough time has passed (since someone purposefully moved the price enough to force liquidation on Bitcoinica) to draw conclusions about where the price has ended up.

Thanks for clarifying.


Title: Re: The 2-Week Trading Bubble ?
Post by: jwzguy on January 18, 2012, 06:08:47 PM
To further clarify you might be absolutely correct. That was a very fast jump we had to 7. But my guess is that we will be over $6 by tomorrow. We shall see.  8)


Title: Re: The 2-Week Trading Bubble ?
Post by: Vandroiy on January 18, 2012, 09:16:06 PM
This is not about tomorrow. This is about where will we be in 1-2 months.

I agree with the OP. We have very little data on what the market configuration is now, and we haven't had a classical panic yet, although the 6-7 area looked this unstable. Now, we had another event that only shows the immaturity of the market; this should correct the price down, not up.

Remember that Air France plane the pilots stalled at the highest they could push it? Once you start dropping you better stop pulling up fast, or you end the way that plane did. I would not push the price above 6 now. There's no clear indicator of money inflow and the market has been overconfident for a while, the ground may be much thinner than it looks.


Title: Re: The 2-Week Trading Bubble ?
Post by: Dutch Merganser on January 19, 2012, 03:55:46 AM
There's no clear indicator of money inflow and the market has been overconfident for a while, the ground may be much thinner than it looks.

Yes, thin ground, excellent!  ;)


Title: Re: The 2-Week Trading Bubble ?
Post by: arepo on January 19, 2012, 04:08:01 AM
Seems like that's what we've gone through, an over-leveraged bubble.

Many had commented all along that we should of been trading in the $5 - $5.50 range:


http://i43.tinypic.com/21mr9kw.gif

i completely agree with this analysis.


Title: Re: The 2-Week Trading Bubble ?
Post by: Sargasm on January 19, 2012, 05:10:13 AM
The only ?????? would be total new dollars to the market.

Which... is a moderately large ?????.

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.


Title: Re: The 2-Week Trading Bubble ?
Post by: antoineph on January 19, 2012, 05:13:23 AM
Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?


Title: Re: The 2-Week Trading Bubble ?
Post by: Sargasm on January 19, 2012, 05:20:14 AM
That guy with the money?


Title: Re: The 2-Week Trading Bubble ?
Post by: RyNinDaCleM on January 19, 2012, 05:20:42 AM
Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?

Bounty?


Title: Re: The 2-Week Trading Bubble ?
Post by: Sargasm on January 19, 2012, 05:32:49 AM
Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?

Bounty?

I'll be game for $100 once BTC hits $10.


Title: Re: The 2-Week Trading Bubble ?
Post by: StewartJ on January 19, 2012, 06:13:17 AM
The only ?????? would be total new dollars to the market.

Which... is a moderately large ?????.

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

That would be cool.


Title: Re: The 2-Week Trading Bubble ?
Post by: Elwar on March 22, 2013, 12:56:11 AM
$5.0 to $7.0 in 2 weeks! That is a huge rise. Must be a bubble!

I wonder what happened after that.


Title: Re: The 2-Week Trading Bubble ?
Post by: Tirapon on March 22, 2013, 01:08:51 AM
Nice bump.


Title: Re: The 2-Week Trading Bubble ?
Post by: yogi on March 22, 2013, 01:32:41 AM
http://s8.postimg.org/jaf5fo5tx/bitcoinicasnowball.png


Title: Re: The 2-Week Trading Bubble ?
Post by: herzmeister on March 22, 2013, 01:33:55 AM
$5.0 to $7.0 in 2 weeks! That is a huge rise. Must be a bubble!

well just like $50.00 to $70.00 in 2 weeks... err days

and just like $500.00 to $700.00 soon  8)



Title: Re: The 2-Week Trading Bubble ?
Post by: RyNinDaCleM on March 22, 2013, 01:37:48 AM

That was a good day of scalping! Oh, the memories  :'(
meelba was the idiot who shorted then announced it BEFORE closing his position. He was then squeezed with total loss of about $17k


Title: Re: The 2-Week Trading Bubble ?
Post by: yogi on March 22, 2013, 01:46:26 AM
That was a good day of scalping! Oh, the memories  :'(
meelba was the idiot who shorted then announced it BEFORE closing his position. He was then squeezed with total loss of about $17k

hehe, yes.
I found the thread https://bitcointalk.org/index.php?topic=59969.msg697530#msg697530 (https://bitcointalk.org/index.php?topic=59969.msg697530#msg697530)


Title: Re: The 2-Week Trading Bubble ?
Post by: Crypt_Current on March 22, 2013, 03:30:02 AM
That was a good day of scalping! Oh, the memories  :'(
meelba was the idiot who shorted then announced it BEFORE closing his position. He was then squeezed with total loss of about $17k

hehe, yes.
I found the thread https://bitcointalk.org/index.php?topic=59969.msg697530#msg697530 (https://bitcointalk.org/index.php?topic=59969.msg697530#msg697530)

Nostalgically re-reading this as a bedtime story -- thanks for digging up the link.  Nothing induces calm like true tales of swift, sensical justice.