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Author Topic: This steady rise is gonna continue till halving  (Read 2956 times)
OrientA
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October 25, 2015, 12:10:22 PM
 #41

The 2011 bubble corrected about 93 percent. The 2013er bubbles 'just' 80-85 percent. I guess the next bubbles will correct about 70 percent.

The correction of bubbles will be less in the future, that is due to the larger market capitalization, smaller price rise or volatility. When the bitcoin is in daily use, the price volatility could be in the same order of that of US dollar.
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October 25, 2015, 04:05:19 PM
 #42

I see a ridiculous ATH, maybe 6 figures, catching up all the so called "realistic-conservators". They will think, "oh, we might see the last ATH again, we'll hit 1K". Then, they sell at 1K, we see a small correction, at about 700 dollars, then the big big money out there jumps into Bitcoin. Bang, 10K dollar a Bitcoin and a lot of 1K sellers committing harakiri.

More likely scenario:

They sell at $1000, we see a correction to about $700, then they start panic selling. Btc price crashes to $1. Anyone who didn't sell at $1000, commit harakiri, including neurotypical.

nah, i've already seen this story, and the price went to 230, 1 is only on the dream of haters

this time if we can surpass a certain point, i'm expecting a much bigger run up

notice how every new run up was bigger than the lst one, there was no regression

Exactly - this story has happened multiple times already.

Yes, first 'tulip' bubble to 32 (2011) and back to 3,
second to 266 (2013) and back to 50,
third to 1200 (2013) and back to 166,
fourth to 5000 (2016)
fifth to 20'000 (2017)

mmh, the 5k and 20k, sound to precise to be true, the other were more random

more prone to think at 1200-5k range or 1200-10k range for the next bubble

i known that people want the bubble just to dump and forgot or to buy more later, actually buying more later will only lead to more "early adopters" users...

i just a big stable value in the future, no more random crush after a good rise
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October 25, 2015, 11:15:58 PM
 #43

We just got the correction we needed to continue our path to 320$
OrientA
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October 26, 2015, 08:03:16 AM
 #44

We just got the correction we needed to continue our path to 320$

Consolidation around $280 for a few weeks is good for the future price rise. If the price rises too fast, it will drop a lot.
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October 26, 2015, 08:10:57 AM
 #45

We just got the correction we needed to continue our path to 320$

Consolidation around $280 for a few weeks is good for the future price rise. If the price rises too fast, it will drop a lot.

Yep, good to see someone else understands this, I've been saying it a lot. We are not going to get a permanent price rise by simply rising up ridiculously high and forming a bubble, that's what happened when Bitcoin went above $1000 and then promptly lost 75-80% of its value and burned a lot of people. We need a decent but sustainable price rise over time.

BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
OrientA
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October 26, 2015, 09:08:03 AM
 #46

We just got the correction we needed to continue our path to 320$

Consolidation around $280 for a few weeks is good for the future price rise. If the price rises too fast, it will drop a lot.

Yep, good to see someone else understands this, I've been saying it a lot. We are not going to get a permanent price rise by simply rising up ridiculously high and forming a bubble, that's what happened when Bitcoin went above $1000 and then promptly lost 75-80% of its value and burned a lot of people. We need a decent but sustainable price rise over time.

The big whales also understand this. However, they want to make quick profit, so pump and dump. Low volatility is not so good for their profits.
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