Is it just another bubble or is it the real take off?

[jinson]

I started following bitcoin seriously only for less than a month now and I saw an exponential growth in its value in the meantime. It was around $130 or so when I stepped in, and when I made my first purchase 2 weeks later it was $300. Despite the momentum it gained over the last couple of weeks, the rate seems to have settled in and around $300. What do the experts think? Is it another bubble similar to one happened few months back? Are we gonna see a value around $100 or $150 ever again? or is it really the take off of bitcoin value?

[buysellbitcoin]

This is bullish run and as with all bull run it will crash again

People who are buying in at these prices will start booking profit at one stage, and the point where number of people who is booking profit are greater than people buying in will create a slide. If new hands who bought coins are weak that slide will convert into crash.

And as far as prediction concerns your prediction is as good as any one here

One small advise, Most of people on Bitcointalk are long on Bitcoin and think very bullish about Bitcoin

Regards

[Pinwheel]

difference between bubble and not bubble usually measured in time of increase in rate. with 4% increase in rate per day it is 100% bubble. at least from that point of view.

[devansh1991]

Jinson everything depends on the time frame you have in your mind for this investment. If its short term (<1 yr), you are better off selling now($380) and booking a neat profit and think about buying again at around $200. If its a long term investment then you should hold on your current incvestment and start accumulating at $200 levels.

[jinson]

Thanks Devansh, like you said I think its best to wait for a dip before going into collect some more BTC.

[bitcoin9096]

100$ dip today on gox

High:$395.00000 Low:$290.00000

[Pinwheel]

always happen on Sundays. But buy volume bigger then sale. So it will go up 313 now. Same with bitstamp it is down, but no sales. So these numbers are irrelevant.

[jinson]

I think the slide has begun, $275 when I checked.

[Kenshin]

$312 now on Gox. 

[jinson]

Gox always seems to show an inflated value.