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Author Topic: Big watershed moment for BitCoin  (Read 1074 times)
CistaCista
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September 08, 2016, 03:34:28 PM
 #1

For three years we have been in the shadow of the big bubble. No matter what the price or trend was, it could never match that autumn, and for friends and outsiders, this meant Bitcoin was a thing of the past.

Well I don't know if you noticed, but it seems we are finally moving past that point. Using the simple Bitcoin-index on CoinDesk.com, their measure now says we have had 3 straight months where the lowest price in that period was not below 574 USD. Going back to the bubble of 2013, 3 straight months over that value was exactly how long the bubble lasted. When a few more days have gone, nobody will be able to say that the value of Bitcoin for such a long consecutive time period was higher in 2013, because it was not.

It is the first time we have been able to say that for *any* moving window time period when comparing 2013 with the time after Smiley
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September 08, 2016, 06:45:48 PM
 #2

Bitcoin is not a Bubble commodity.. it just as peak periods, when events influence it's price. The volatility is natural for any commodity/currency in

it's early phase. The distribution of the coins are being spread more and we are seeing less whales influencing the price, with sudden dumps on the

market. It will become more difficult as the coins are being distributed more... No Bubble here... just a technology in it's growth phase.  Wink

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CistaCista
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September 08, 2016, 08:22:55 PM
 #3

Yes but was clearly a bubble in 2013.
Now the natural growth of the currency has finally caught up with that blimp.
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September 10, 2016, 11:50:31 AM
 #4

More companies had been invested to bitcoin so the price will not be the same like before. And I think the price will continue to rise. If anything happens like hacking, it not hurt more the bitcoin like before.

Shiroslullaby
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September 10, 2016, 01:14:51 PM
 #5

Bitcoin is more stable.
People are realizing that just because an exchange has poor security and gets hacked, it won't kill Bitcoin.
I don't think we will see a new ATH anytime soon, but I'm pretty sure a slow, steady increase in price is coming.

talks_cheep
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September 10, 2016, 01:58:29 PM
 #6

Every day is a new watershed moment for bitcoin. Get over it. Go outside and smell the sewer, you'll feel alive.

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September 10, 2016, 02:20:31 PM
 #7

There will always be boom and bust, I think that applies to bitcoin as well. Whether the bust is caused by an exploit or a boom is caused by it's longevity, there is always an inevitability that will lose value again for a variety of reasons. It's fine to get caught up in the hype and make money, but don't hold on to bitcoin it blindly. People lose money every day on stocks, oil, savings, power, commodities and crypto currencies.

Ayers
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September 10, 2016, 04:27:34 PM
 #8

Yes but was clearly a bubble in 2013.
Now the natural growth of the currency has finally caught up with that blimp.

yeah and i don't think there will be another great bubble like the one of 2013, this time bitcoin is increased slowly, and that bubble was there because there was a fake pump by willy, but this time is different the incease is legit and it will happen in a slow way
zimmah
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September 10, 2016, 09:31:07 PM
 #9

For three years we have been in the shadow of the big bubble. No matter what the price or trend was, it could never match that autumn, and for friends and outsiders, this meant Bitcoin was a thing of the past.

Well I don't know if you noticed, but it seems we are finally moving past that point. Using the simple Bitcoin-index on CoinDesk.com, their measure now says we have had 3 straight months where the lowest price in that period was not below 574 USD. Going back to the bubble of 2013, 3 straight months over that value was exactly how long the bubble lasted. When a few more days have gone, nobody will be able to say that the value of Bitcoin for such a long consecutive time period was higher in 2013, because it was not.

It is the first time we have been able to say that for *any* moving window time period when comparing 2013 with the time after Smiley

on top of that, both the short term as the long term charts show pretty convincing indicators that the trend seems to be up.

The 1 week chart seems very much like the start of the 2013 rally. (on the 1w chart it was red-green-red-green-green-red-green-green-green-red-green-red-green-red-green-red- and than 8 weeks of green, now we got the red-green-red-green-green part).

The Pharmacist
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September 10, 2016, 09:43:32 PM
 #10

Yes but was clearly a bubble in 2013.
Now the natural growth of the currency has finally caught up with that blimp.
I don't think we've exactly caught up, being currently at roughly half of what the high was ($1200).  But I'm cool with slow growth, which I think is more compatible with sustained growth.

Bitcoin is such a weird thing.  I don't see any reason why it should grow like businesses do.  Only mass adoption should drive the price up, or big whale action, and I'm not sure either of those is going on right now.

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outatime1
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September 10, 2016, 10:14:17 PM
 #11

The price has seems very stable for most of this period after the halving. I think stability is going to be good for bitcoin because people will begin to trust the value of it.
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September 10, 2016, 10:26:50 PM
 #12

Yes but was clearly a bubble in 2013.
Now the natural growth of the currency has finally caught up with that blimp.
But I'm cool with slow growth, which I think is more compatible with sustained growth.


stop spreading this meme

it's just not how adoption works.







growth is exponential, deal with it.

I'd be much more worried about the blocksize being sustainable than about the price being sustainable. Because as long as we haven't reached billions of active users yet, growth will be exponential and we better make sure the infrastructure can support it.
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September 10, 2016, 10:39:55 PM
 #13

The price has seems very stable for most of this period after the halving. I think stability is going to be good for bitcoin because people will begin to trust the value of it.
After block halving we are now experiencing more stable than lats year.. and i think bitcoin price right now i just a bubble or this is just like before if you check the old graph you can see some same graph from the past..

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September 12, 2016, 05:40:26 AM
 #14


Typically, there will be big outbreak in every November....  Tongue


November is coming   Grin   prepare your spacesuitor wetsuit

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September 12, 2016, 03:42:01 PM
 #15


Typically, there will be big outbreak in every November....  Tongue


November is coming   Grin   prepare your spacesuitor wetsuit

Yes autumn and winter have very often been incredible interesting times for the bitcoin price chart.
Furthermore, this is something for charties, it looks like we are forming a cup and handle or inverse head and shoulder formation on the weekly chart.And if you recognise the distance from the head to the neckline this could mean a lot of fun for the next weeks and months.

~Bitcoin~
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September 12, 2016, 04:32:20 PM
 #16

Yes but was clearly a bubble in 2013.
Now the natural growth of the currency has finally caught up with that blimp.
I also think bitcoin growth was more like bubble during 2013 where it touched ATH price however the growth we are seeing currently is natural. But till this days there has been several events that have caused huge dump but thankfully not as big as on 2013.

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