VERY interesting insight: The November 2013 price explosion day-to-day

[pereira4]

This is a range of days starting from 1st to 30th November from Bitstamp:

 1 -  202,61
 2 -  204,22
 3 -  206,49
 4 -  220,48
 5 -  238,37
 6 -  255,41
 7 -  283,32
 8 -  317,94
 9 -  338,71
10 -  299,68
11 -  334,61
12 -  350,49
13 -  378,91
14 -  409,77
15 -  417,63
16 -  433,34
17 -  462,58
18 -  549,70
19 -  597,83
20 -  542,03
21 -  666,17
22 -  743,65
23 -  832,85
24 -  795,08
25 -  807,80
26 -  849,32
27 -  937,09
28 -  998,56
29 - 1065,36
30 - 1132,29

Here you can see how quick things can change. You are trying to day trade and boom, you get caught on such a wave and lose on becoming a millionaire in a matter of months while waiting for a correction, because make no mistake, the next bubble will push the price higher than anyone can imagine, so you may think "okay, 1K again! time to dump". You will sell your coins for filthy fiat and you will regret once it keeps going up. We don't know where the next floor will be at so you risk missing your Bitcoin position pretty much for life by selling too early.

To sum it up: Trying to predict panic buy attacks it's impossible, you never know when it can start, and as you can see, when it starts it happens really quick. Buy and hold very long term gold style is the only way to go.

[InvoKing]

Never know how the btc price could reach in this month but i don't think that history can repeat itself the same way.
The situation between November 2013 & November 2015 is kinda different: the number of traders/volume...

Anyway long terme holding is still profitable especially those who bought @200$ few months ago and now they could buy with more than 50% profit or wait and see how the price goes (which I doubt it could pass 450$+ on November) .

[omahapoker]

I doubt that history will repeat itself this month. After all the coins from silk road have been auctioned off, then we reevaluate the situation.

Till then, enjoy the ride

[gentlemand]

Never know how the btc price could reach in this month but i don't think that history can repeat itself the same way.
The situation between November 2013 & November 2015 is kinda different: the number of traders/volume...

The exchange and general on ramp situation is much improved compared to 2013. There hasn't been anything approaching the level of demand there was back then with the range of options there are now. By the nature of how tiny it still is and how much growing it has yet to do, every single upsurge of demand will take on a very different form. Who knows how it would look if there was another full on explosion.

[Amph]

I doubt that history will repeat itself this month. After all the coins from silk road have been auctioned off, then we reevaluate the situation.

Till then, enjoy the ride

many(before the 1200 ath) , probably i should say almost everyone, were in doubt that in november 2013 there was a huge pump in progress

then they were left behind, buying at 600+ or something, basically every months or day, where you see a pump starting, can be the good day for a crazy pump

personally i don't care about 1k, i'm holding straight to 5k-10k range this time, but maybe a stop at 3k could be good to do

[infofront]

Never know how the btc price could reach in this month but i don't think that history can repeat itself the same way.
The situation between November 2013 & November 2015 is kinda different: the number of traders/volume...

The exchange and general on ramp situation is much improved compared to 2013. There hasn't been anything approaching the level of demand there was back then with the range of options there are now. By the nature of how tiny it still is and how much growing it has yet to do, every single upsurge of demand will take on a very different form. Who knows how it would look if there was another full on explosion.

That's true. It was a complete pain in the ass to transfer money to and from exchanges back then. It's very easy now, especially with nearly one-click and done solutions like coinbase.

[Mickeyb]

Damn guys that was some crazy run! I mean just looking at these numbers, I got shivers. In only one day, it went up $130. That's just crazy.

I wasn't involved in Bitcoin at that moment. I heard about it in the newspapers on December the 6th, so just after a run has finished. 

I can't even imagine what the felling is when you are looking at your investment growing like this!

[willope]

I bought my first bitcoin at the top of that bubble   
And three months later Karpeles goxed it.   

AAnd, I am here, better than ever, riding the wave with you,, my friends. 

[600watt]

I bought my first bitcoin at the top of that bubble   
And three months later Karpeles goxed it.   

AAnd, I am here, better than ever, riding the wave with you,, my friends. 

true bitcoiner detected!

 


very interesting op, thanks btw

[God Donut]

bitcoin is so awesome. Some day world will realize how awesome this technology is. I would love to see this day soon enough (this year maybe?)