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Title: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: JessyMatt on May 30, 2014, 07:33:44 PM Single bitcoin price was a little shaky yesterday. I was a little concerned to watch it goes below $555 yesterday. But TODAY it's $601.307 as of 3:33pm Eastern Standard Time. Who's going to protect the surge?
Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: BitchicksHusband on May 30, 2014, 07:37:54 PM Single bitcoin price was a little shaky yesterday. I was a little concerned to watch it goes below $555 yesterday. But TODAY it's $601.307 as of 3:33pm Eastern Standard Time. Who's going to protect the surge? For long-term holders, we are expecting another bubble. This is just further confirmation. We should see gradual rises to $800-$1000 in June and then an explosion in July. Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: JessyMatt on May 30, 2014, 07:43:30 PM Single bitcoin price was a little shaky yesterday. I was a little concerned to watch it goes below $555 yesterday. But TODAY it's $601.307 as of 3:33pm Eastern Standard Time. Who's going to protect the surge? For long-term holders, we are expecting another bubble. This is just further confirmation. We should see gradual rises to $800-$1000 in June and then an explosion in July. I hope so. Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: beatljuice on May 30, 2014, 07:49:45 PM The fact that so many people seem to believe that there will be a big bubble in late Summer will probably become a self fulfilling prophecy.
I can live with that :D Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: zimmah on May 30, 2014, 08:40:13 PM The fact that so many people seem to believe that there will be a big bubble in late Summer will probably become a self fulfilling prophecy. I can live with that :D the best thing is, if this prophecy is fulfilled (self-fulfilling or not) it will also confirm the trend even more and thus a new prophecy will pop up 8 months later, rinse and repeat. Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: Benjig on May 30, 2014, 08:41:20 PM The fact that so many people seem to believe that there will be a big bubble in late Summer will probably become a self fulfilling prophecy. I can live with that :D Hehe this besides of the recent announcement regarding dish adoption, where you will be able to pay with bitcoins the bill. Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: serenitys on May 31, 2014, 08:14:57 AM Do bubbles always pop or can they just be considered rapid growth that is sustainable?
No, serious question :) Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: DolanDuck on May 31, 2014, 08:36:20 AM It depends, if the growth is too rapid and the price is pumped by hype, the bubble will pop.
But if the rally is steady, slow and supported by new adopters among people and merchants, it won't. Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: Elwar on May 31, 2014, 08:43:58 AM Do bubbles always pop or can they just be considered rapid growth that is sustainable? No, serious question :) The price moves between the upper and lower trend line. "Bubbles" are merely a move from the lower trend line to the upper. They tend to move quickly because enough people bought at the lower or good news, etc. When it reaches the upper trend line there is nowhere to go but down...so people try to cash out before everyone else. It bounces back and forth between the two. I believe this trend will end when the ETFs go public, then it will stabilize. Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: freedomno1 on May 31, 2014, 08:50:16 AM Single bitcoin price was a little shaky yesterday. I was a little concerned to watch it goes below $555 yesterday. But TODAY it's $601.307 as of 3:33pm Eastern Standard Time. Who's going to protect the surge? For long-term holders, we are expecting another bubble. This is just further confirmation. We should see gradual rises to $800-$1000 in June and then an explosion in July. I agree although this time personally I am going to be careful and make sure to liquidate a little more at the new all time high if it reaches these levels and then wait for the trend to speak for itself still in enough of the early adoption stage to adjust positions. Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: TERA on May 31, 2014, 09:37:11 AM What makes you think the bubble will begin in only 1-2 months? That is an extremely short timeframe given that the decline preceeding it lasted 5 months. It is assymettrical.
Title: Re: A Little Shaky Yesterday BUT $601.307 Today - Who's The Surge Protector? Post by: freedomno1 on May 31, 2014, 11:11:11 AM What makes you think the bubble will begin in only 1-2 months? That is an extremely short timeframe given that the decline preceeding it lasted 5 months. It is assymettrical. The bubble tends to be followed by a very long period of sideways trading Just simple bitcoin price history Thankfully someone decided to add it to Wikipedia for convenience although there are multiple sources http://en.wikipedia.org/wiki/History_of_Bitcoin |