Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[empowering]

(Not religious btw , but at the same time , all hail Hermes the God of Wisdom! and the hermetic truths, some say that maybe Abraham learned and formed his mysticism from Hermes, and from whence the Abrahamic religions Judaism, Christianity, and Islam were born (and twisted from the "Hermetic truths") anyways... whatever I say, I just like reading)

Well, the connections between religion in the ancient egypt and our todays religions are obvious ;-)

You should read some of the stories about Osiris, Isis and Horus and it will remind you on some other stories  

yeah man...grew up on that , story times : )

also the same stories pop up over and over again, in different times and in different cultures in different parts of the world..

[1715440019]

1715440019

[1715440019]

1715440019

[1715440019]

1715440019

[1715440019]

1715440019

[klondike_bar]

http://youtu.be/b-MvkQnMbY8?t=30s

[jaberwock]

buy or sell?? 

both

at the correct times

[ChartBuddy]

Explanation

[empowering]

If there is something strange in your neighbourhood Huboi you gonna call

[jaberwock]

Chinese waking up.

How will they move after the rise?

[Post-Cosmic]

 Can you imagine how dire it is if the previous years' bubbles were mostly just caused & accentuated by Willy & Markus bots.

 It would mean the 2012 price of $13, the early 2013 price of ~$58 - That's what the real, uninflated, current fair market price of BTC would be at today.

 With the way PayPal news' rise was crushed like an insect, because of zero demand, it's hard to not give some weight to that theory^ - Prices have behaved as if drawn down to a plausibly true fair market value in the $70-130 range, just like most of last year.

 Bubble patterns happen.

 Then they break. A different pattern emerges.

 Your dreams, your hopes, your delusions, have killed your profitability, for 9 months now.

 Just like they crippled me, until I woke up, in May.

Are you serious?

The argument that bitcoin is grossly overvalued is not outrageous.

nether is the argument that bitcoin is grossly undervalued.

 Very true, Adam, absolutely. However, it is quite obvious to me the argument for BTC to be undervalued is significantly more outrageous than it is for it to be overvalued.

 I've always said bitcoin is beautiful, and was needed. Blockchain is an invaluable technology, and it's core currency itself has been tremendously useful in streamlining & simplifying online payments - What would we do without it.

 That being said, unfortunately, great value does not automatically equate great price. For price is fundamentally derived entirely from supply & demand, whether or not those last two happen to be affected by market manipulation, good/bad news, external unusual circumstances, asset allocation, or hashing developments/crypto-economics.

 And thus, one shouldn't buy BTC because they perceive it as 'more useful' and sell it when seen as 'useless'. I can 'believe in bitcoin' & use it to make money seamlessly, yet still expect further price drops and hold no hope for some grand bubble to rescue bagholders. The market's ebbs & flows from 2009 up to 2013 were quite natural/organic for the most part and justified by the budding crypto-economic ecosystems springing up everywhere. Starting w/ the Goxbots' 2013' antics, however, that statement starts becoming tenuous to make.

 Keep in mind though, BTC offers unparalleled opportunities for altcoin pump events, pseudonymous leveraged trading, and gambling - All of which I use to a major extent, so I actually would love nothing more than to be wrong. For yet another 1000% to come save us, right out of Wonderland.

 But I can't responsibly have the cognitive dissonance of warping my reasoning to project, place faith in, pray for, more clockwork repeats of the same pattern, yet at far higher nominal price points which make it a lot harder to accomplish, which is why the Willy/Markus bots were even needed in the first place for the last run-up.

 That's because the price is denominated in, and raised by, fiat currency. You either have to fractionally fake users' fiat balances on your exchanges, or find more and more money to reach buywalls in order for it to rise. Those dollar bills/euro's/RMB's aren't %-based, and they're not infinite, except to the banks and governments, who generally have no need to bother with cryptocurrency, when they already hold the power of money creation. That means looking at old patterns that happened at price & adoption / manipulation levels orders of magnitude lower than now, and expecting the same % gains in 'the next bubble', is a logical fallacy - money functions according to a linear, geometric basis - it is not exponential, not %-based.. !!!

 And that, is why it's so much harder to go from $300-700 to $2500-7500, than it is to reach 10x from $116.

 Which forms the basis of my actual expectations for the years to come : Unless the equities (stocks etc) markets experience another shattering collapse (a mere shock, a predictable solid correction to the multi-year bullish US Index & global Stock Indices, is not enough to qualify) ; Unless a major financial, geopolitical (major war), environmental (asteroid collision, zombie/ebola apocalypse) or technical (absolutely fundamental engineering / development changes in bitcoin or crypto) event seriously damages public perception & reliance on fiat currency in a long-lasting meaningful way, forcing huge numbers of non-adopters to not merely be interested / intrigued by crypto, but truly need to make it a permanent, critical part of their daily lives ; There cannot be a big bubble.

 A $4k-100k price dream requires something to give in the crypto/fiat status quo. Until such an extreme series of events comes to pass, I foresee many small mini-bubbles, quite like the one from $400's to $600's in Q2 this year. Coupled with the possibility of a larger one, just once, to perhaps $1525-2175. Then the experiment is matured. The rocket has landed.

 Because money is nominal, not exponential.

[Davyd05]

(Not religious btw , but at the same time , all hail Hermes the God of Wisdom! and the hermetic truths, some say that maybe Abraham learned and formed his mysticism from Hermes, and from whence the Abrahamic religions Judaism, Christianity, and Islam were born (and twisted from the "Hermetic truths") anyways... whatever I say, I just like reading)

Well, the connections between religion in the ancient egypt and our todays religions are obvious ;-)

You should read some of the stories about Osiris, Isis and Horus and it will remind you on some other stories  



Toth aka Djehouti is a deep myth, a lot of shitty esoteric around him.

Typical, we end up with the censored version

lot of em come from Samaria

[empowering]

(Not religious btw , but at the same time , all hail Hermes the God of Wisdom! and the hermetic truths, some say that maybe Abraham learned and formed his mysticism from Hermes, and from whence the Abrahamic religions Judaism, Christianity, and Islam were born (and twisted from the "Hermetic truths") anyways... whatever I say, I just like reading)

Well, the connections between religion in the ancient egypt and our todays religions are obvious ;-)

You should read some of the stories about Osiris, Isis and Horus and it will remind you on some other stories  



Toth aka Djehouti is a deep myth, a lot of shitty esoteric around him.

Typical, we end up with the censored version

lot of em come from Samaria

Bloody Samarians comin over ere and stealin all our jobs 

[empowering]

 Can you imagine how dire it is if the previous years' bubbles were mostly just caused & accentuated by Willy & Markus bots.

 It would mean the 2012 price of $13, the early 2013 price of ~$58 - That's what the real, uninflated, current fair market price of BTC would be at today.

 With the way PayPal news' rise was crushed like an insect, because of zero demand, it's hard to not give some weight to that theory^ - Prices have behaved as if drawn down to a plausibly true fair market value in the $70-130 range, just like most of last year.

 Bubble patterns happen.

 Then they break. A different pattern emerges.

 Your dreams, your hopes, your delusions, have killed your profitability, for 9 months now.

 Just like they crippled me, until I woke up, in May.

Are you serious?

The argument that bitcoin is grossly overvalued is not outrageous.

nether is the argument that bitcoin is grossly undervalued.

 Very true, Adam, absolutely. However, it is quite obvious to me the argument for BTC to be undervalued is significantly more outrageous than it is for it to be overvalued.

 I've always said bitcoin is beautiful, and was needed. Blockchain is an invaluable technology, and it's core currency itself has been tremendously useful in streamlining & simplifying online payments - What would we do without it.

 That being said, unfortunately, great value does not automatically equate great price. For price is fundamentally derived entirely from supply & demand, whether or not those last two happen to be affected by market manipulation, good/bad news, external unusual circumstances, asset allocation, or hashing developments/crypto-economics.

 And thus, one shouldn't buy BTC because they perceive it as 'more useful' and sell it when seen as 'useless'. I can 'believe in bitcoin' & use it to make money seamlessly, yet still expect further price drops and hold no hope for some grand bubble to rescue bagholders. The market's ebbs & flows from 2009 up to 2013 were quite natural/organic for the most part and justified by the budding crypto-economic ecosystems springing up everywhere. Starting w/ the Goxbots' 2013' antics, however, that statement starts becoming tenuous to make.

 Keep in mind though, BTC offers unparalleled opportunities for altcoin pump events, pseudonymous leveraged trading, and gambling - All of which I use to a major extent, so I actually would love nothing more than to be wrong. For yet another 1000% to come save us, right out of Wonderland.

 But I can't responsibly have the cognitive dissonance of warping my reasoning to project, place faith in, pray for, more clockwork repeats of the same pattern, yet at far higher nominal price points which make it a lot harder to accomplish, which is why the Willy/Markus bots were even needed in the first place for the last run-up.

 That's because the price is denominated in, and raised by, fiat currency. You either have to fractionally fake users' fiat balances on your exchanges, or find more and more money to reach buywalls in order for it to rise. Those dollar bills/euro's/RMB's aren't %-based, and they're not infinite, except to the banks and governments, who generally have no need to bother with cryptocurrency, when they already hold the power of money creation. That means looking at old patterns that happened at price & adoption / manipulation levels orders of magnitude lower than now, and expecting the same % gains in 'the next bubble', is a logical fallacy - money functions according to a linear, geometric basis - it is not exponential, not %-based.. !!!

 And that, is why it's so much harder to go from $300-700 to $2500-7500, than it is to reach 10x from $116.

 Which forms the basis of my actual expectations for the years to come : Unless the equities (stocks etc) markets experience another shattering collapse (a mere shock, a predictable solid correction to the multi-year bullish US Index & global Stock Indices, is not enough to qualify) ; Unless a major financial, geopolitical (major war), environmental (asteroid collision, zombie/ebola apocalypse) or technical (absolutely fundamental engineering / development changes in bitcoin or crypto) event seriously damages public perception & reliance on fiat currency in a long-lasting meaningful way, forcing huge numbers of non-adopters to not merely be interested / intrigued by crypto, but truly need to make it a permanent, critical part of their daily lives ; There cannot be a big bubble.

 A $4k-100k price dream requires something to give in the crypto/fiat status quo. Until such an extreme series of events comes to pass, I foresee many small mini-bubbles, quite like the one from $400's to $600's in Q2 this year. Coupled with the possibility of a larger one, just once, to perhaps $1525-2175. Then the experiment is matured. The rocket has landed.

 Because money is nominal, not exponential.

With a trillion dollars a year QE what could go wrong?

[nanobrain]

 Very true, Adam, absolutely. However, it is quite obvious to me the argument for BTC to be undervalued is significantly more outrageous than it is for it to be overvalued.

 I've always said bitcoin is beautiful, and was needed. Blockchain is an invaluable technology, and it's core currency itself has been tremendously useful in streamlining & simplifying online payments - What would we do without it.

 That being said, unfortunately, great value does not automatically equate great price. For price is fundamentally derived entirely from supply & demand, whether or not those last two happen to be affected by market manipulation, good/bad news, external unusual circumstances, asset allocation, or hashing developments/crypto-economics.

 And thus, one shouldn't buy BTC because they perceive it as 'more useful' and sell it when seen as 'useless'. I can 'believe in bitcoin' & use it to make money seamlessly, yet still expect further price drops and hold no hope for some grand bubble to rescue bagholders. The market's ebbs & flows from 2009 up to 2013 were quite natural/organic for the most part and justified by the budding crypto-economic ecosystems springing up everywhere. Starting w/ the Goxbots' 2013' antics, however, that statement starts becoming tenuous to make.

 Keep in mind though, BTC offers unparalleled opportunities for altcoin pump events, pseudonymous leveraged trading, and gambling - All of which I use to a major extent, so I actually would love nothing more than to be wrong. For yet another 1000% to come save us, right out of Wonderland.

 But I can't responsibly have the cognitive dissonance of warping my reasoning to project, place faith in, pray for, more clockwork repeats of the same pattern, yet at far higher nominal price points which make it a lot harder to accomplish, which is why the Willy/Markus bots were even needed in the first place for the last run-up.

 That's because the price is denominated in, and raised by, fiat currency. You either have to fractionally fake users' fiat balances on your exchanges, or find more and more money to reach buywalls in order for it to rise. Those dollar bills/euro's/RMB's aren't %-based, and they're not infinite, except to the banks and governments, who generally have no need to bother with cryptocurrency, when they already hold the power of money creation. That means looking at old patterns that happened at price & adoption / manipulation levels orders of magnitude lower than now, and expecting the same % gains in 'the next bubble', is a logical fallacy - money functions according to a linear, geometric basis - it is not exponential, not %-based.. !!!

 And that, is why it's so much harder to go from $300-700 to $2500-7500, than it is to reach 10x from $116.

 Which forms the basis of my actual expectations for the years to come : Unless the equities (stocks etc) markets experience another shattering collapse (a mere shock, a predictable solid correction to the multi-year bullish US Index & global Stock Indices, is not enough to qualify) ; Unless a major financial, geopolitical (major war), environmental (asteroid collision, zombie/ebola apocalypse) or technical (absolutely fundamental engineering / development changes in bitcoin or crypto) event seriously damages public perception & reliance on fiat currency in a long-lasting meaningful way, forcing huge numbers of non-adopters to not merely be interested / intrigued by crypto, but truly need to make it a permanent, critical part of their daily lives ; There cannot be a big bubble.

 A $4k-100k price dream requires something to give in the crypto/fiat status quo. Until such an extreme series of events comes to pass, I foresee many small mini-bubbles, quite like the one from $400's to $600's in Q2 this year. Coupled with the possibility of a larger one, just once, to perhaps $1525-2175. Then the experiment is matured. The rocket has landed.

 Because money is nominal, not exponential.

Thousands of pages of rubbish and then a true gem.

Great post.

[Brewins]

 Can you imagine how dire it is if the previous years' bubbles were mostly just caused & accentuated by Willy & Markus bots.

 It would mean the 2012 price of $13, the early 2013 price of ~$58 - That's what the real, uninflated, current fair market price of BTC would be at today.

 With the way PayPal news' rise was crushed like an insect, because of zero demand, it's hard to not give some weight to that theory^ - Prices have behaved as if drawn down to a plausibly true fair market value in the $70-130 range, just like most of last year.

 Bubble patterns happen.

 Then they break. A different pattern emerges.

 Your dreams, your hopes, your delusions, have killed your profitability, for 9 months now.

 Just like they crippled me, until I woke up, in May.

Are you serious?

The argument that bitcoin is grossly overvalued is not outrageous.

nether is the argument that bitcoin is grossly undervalued.

 Very true, Adam, absolutely. However, it is quite obvious to me the argument for BTC to be undervalued is significantly more outrageous than it is for it to be overvalued.

 I've always said bitcoin is beautiful, and was needed. Blockchain is an invaluable technology, and it's core currency itself has been tremendously useful in streamlining & simplifying online payments - What would we do without it.

 That being said, unfortunately, great value does not automatically equate great price. For price is fundamentally derived entirely from supply & demand, whether or not those last two happen to be affected by market manipulation, good/bad news, external unusual circumstances, asset allocation, or hashing developments/crypto-economics.

 And thus, one shouldn't buy BTC because they perceive it as 'more useful' and sell it when seen as 'useless'. I can 'believe in bitcoin' & use it to make money seamlessly, yet still expect further price drops and hold no hope for some grand bubble to rescue bagholders. The market's ebbs & flows from 2009 up to 2013 were quite natural/organic for the most part and justified by the budding crypto-economic ecosystems springing up everywhere. Starting w/ the Goxbots' 2013' antics, however, that statement starts becoming tenuous to make.

 Keep in mind though, BTC offers unparalleled opportunities for altcoin pump events, pseudonymous leveraged trading, and gambling - All of which I use to a major extent, so I actually would love nothing more than to be wrong. For yet another 1000% to come save us, right out of Wonderland.

 But I can't responsibly have the cognitive dissonance of warping my reasoning to project, place faith in, pray for, more clockwork repeats of the same pattern, yet at far higher nominal price points which make it a lot harder to accomplish, which is why the Willy/Markus bots were even needed in the first place for the last run-up.

 That's because the price is denominated in, and raised by, fiat currency. You either have to fractionally fake users' fiat balances on your exchanges, or find more and more money to reach buywalls in order for it to rise. Those dollar bills/euro's/RMB's aren't %-based, and they're not infinite, except to the banks and governments, who generally have no need to bother with cryptocurrency, when they already hold the power of money creation. That means looking at old patterns that happened at price & adoption / manipulation levels orders of magnitude lower than now, and expecting the same % gains in 'the next bubble', is a logical fallacy - money functions according to a linear, geometric basis - it is not exponential, not %-based.. !!!

 And that, is why it's so much harder to go from $300-700 to $2500-7500, than it is to reach 10x from $116.

 Which forms the basis of my actual expectations for the years to come : Unless the equities (stocks etc) markets experience another shattering collapse (a mere shock, a predictable solid correction to the multi-year bullish US Index & global Stock Indices, is not enough to qualify) ; Unless a major financial, geopolitical (major war), environmental (asteroid collision, zombie/ebola apocalypse) or technical (absolutely fundamental engineering / development changes in bitcoin or crypto) event seriously damages public perception & reliance on fiat currency in a long-lasting meaningful way, forcing huge numbers of non-adopters to not merely be interested / intrigued by crypto, but truly need to make it a permanent, critical part of their daily lives ; There cannot be a big bubble.

 A $4k-100k price dream requires something to give in the crypto/fiat status quo. Until such an extreme series of events comes to pass, I foresee many small mini-bubbles, quite like the one from $400's to $600's in Q2 this year. Coupled with the possibility of a larger one, just once, to perhaps $1525-2175. Then the experiment is matured. The rocket has landed.

 Because money is nominal, not exponential.

Seems like a text generated by the bitcoin text wall generator.


Everything to say that the bigger the price, the harder to form another bubble and many things will need to happen until we reach moon?

[ChartBuddy]

Explanation

[nanobrain]

Seems like a text generated by the bitcoin text wall generator.

Everything to say that the bigger the price, the harder to form another bubble and many things will need to happen until we reach moon?

What are you...a goldfish*?

Precisely why this thread can be such a waste of time: people just shouting three sentence slogans without any reasoned argument.  Then, when someone constructs a coherent argument (and here's the clincher for me - an understandable argument that's not littered with obscure references to Metclaffe's Law and the like), they criticise.

If you don't have the patience/attention-span/intellect to read more than "to the moon", perhaps keep your comments to yourself?


*Actually, recent research has shown goldfish have far greater memories than commonly thought, so I'm probably giving you more credit than deserved.

[nanobrain]

This is for empowering

James Bond vs The Global Recession
https://www.youtube.com/watch?v=HKeoOnSvXn4

I'm sure he loves Cassetteboy.

[aztecminer]

I bought in the first bubble at 28 but I dont bitch around like a girlie man.

MAN THE FUCK UP

oh, you've got it all wrong, I didn't lose a penny, in fact I was a lucky bastard, but most of the people I know that came around the end of 2013 and start of this year don't appreciate your retard attitude ... you need fresh blood to make your investment worthwhile, and you don't give a fuck about what will happen to these people, of course you wouldn't care if Bitcoin continues to slide to $100 your average cost is way bellow this, but others do.

the difference between the stock market and Bitcoin is that you want to sell this technology to everyone in the world: "everyone must know what Bitcoin is", "Bitcoin is freedom", "people just don't know it", "you have to buy bitcoin"...  let me tell you something: "bull shit"

well you never lose or gain until you sell ..
although honestly i am not sure having usd is really winning .

[JayJuanGee]

Seems like a text generated by the bitcoin text wall generator.

Everything to say that the bigger the price, the harder to form another bubble and many things will need to happen until we reach moon?

What are you...a goldfish*?

Precisely why this thread can be such a waste of time: people just shouting three sentence slogans without any reasoned argument.  Then, when someone constructs a coherent argument (and here's the clincher for me - an understandable argument that's not littered with obscure references to Metclaffe's Law and the like), they criticise.

If you don't have the patience/attention-span/intellect to read more than "to the moon", perhaps keep your comments to yourself?


*Actually, recent research has shown goldfish have far greater memories than commonly thought, so I'm probably giving you more credit than deserved.

Currently, amongst my favorite three word slogans:


"Cut your loose!!!!!!!!!"

I like it because it is free to be used by anyone - bear, bull or hodler.

[aztecminer]

Seems like a text generated by the bitcoin text wall generator.

Everything to say that the bigger the price, the harder to form another bubble and many things will need to happen until we reach moon?

What are you...a goldfish*?

Precisely why this thread can be such a waste of time: people just shouting three sentence slogans without any reasoned argument.  Then, when someone constructs a coherent argument (and here's the clincher for me - an understandable argument that's not littered with obscure references to Metclaffe's Law and the like), they criticise.

If you don't have the patience/attention-span/intellect to read more than "to the moon", perhaps keep your comments to yourself?


*Actually, recent research has shown goldfish have far greater memories than commonly thought, so I'm probably giving you more credit than deserved.

Currently, amongst my favorite three word slogans:


"Cut your loose!!!!!!!!!"

I like it because it is free to be used by anyone - bear, bull or hodler.

ok i'm cutting my looses. converting as much usd as i can!

[empowering]

This is for empowering

James Bond vs The Global Recession
https://www.youtube.com/watch?v=HKeoOnSvXn4

I'm sure he loves Cassetteboy.

ermm... I am utterly lost?

It is late here right now and I am literally half asleep

(care to explain what exactly I am supposed to get from this?)

[BitChick]

 Very true, Adam, absolutely. However, it is quite obvious to me the argument for BTC to be undervalued is significantly more outrageous than it is for it to be overvalued.

 I've always said bitcoin is beautiful, and was needed. Blockchain is an invaluable technology, and it's core currency itself has been tremendously useful in streamlining & simplifying online payments - What would we do without it.

 That being said, unfortunately, great value does not automatically equate great price. For price is fundamentally derived entirely from supply & demand, whether or not those last two happen to be affected by market manipulation, good/bad news, external unusual circumstances, asset allocation, or hashing developments/crypto-economics.

 And thus, one shouldn't buy BTC because they perceive it as 'more useful' and sell it when seen as 'useless'. I can 'believe in bitcoin' & use it to make money seamlessly, yet still expect further price drops and hold no hope for some grand bubble to rescue bagholders. The market's ebbs & flows from 2009 up to 2013 were quite natural/organic for the most part and justified by the budding crypto-economic ecosystems springing up everywhere. Starting w/ the Goxbots' 2013' antics, however, that statement starts becoming tenuous to make.

 Keep in mind though, BTC offers unparalleled opportunities for altcoin pump events, pseudonymous leveraged trading, and gambling - All of which I use to a major extent, so I actually would love nothing more than to be wrong. For yet another 1000% to come save us, right out of Wonderland.

 But I can't responsibly have the cognitive dissonance of warping my reasoning to project, place faith in, pray for, more clockwork repeats of the same pattern, yet at far higher nominal price points which make it a lot harder to accomplish, which is why the Willy/Markus bots were even needed in the first place for the last run-up.

 That's because the price is denominated in, and raised by, fiat currency. You either have to fractionally fake users' fiat balances on your exchanges, or find more and more money to reach buywalls in order for it to rise. Those dollar bills/euro's/RMB's aren't %-based, and they're not infinite, except to the banks and governments, who generally have no need to bother with cryptocurrency, when they already hold the power of money creation. That means looking at old patterns that happened at price & adoption / manipulation levels orders of magnitude lower than now, and expecting the same % gains in 'the next bubble', is a logical fallacy - money functions according to a linear, geometric basis - it is not exponential, not %-based.. !!!

 And that, is why it's so much harder to go from $300-700 to $2500-7500, than it is to reach 10x from $116.

 Which forms the basis of my actual expectations for the years to come : Unless the equities (stocks etc) markets experience another shattering collapse (a mere shock, a predictable solid correction to the multi-year bullish US Index & global Stock Indices, is not enough to qualify) ; Unless a major financial, geopolitical (major war), environmental (asteroid collision, zombie/ebola apocalypse) or technical (absolutely fundamental engineering / development changes in bitcoin or crypto) event seriously damages public perception & reliance on fiat currency in a long-lasting meaningful way, forcing huge numbers of non-adopters to not merely be interested / intrigued by crypto, but truly need to make it a permanent, critical part of their daily lives ; There cannot be a big bubble.

 A $4k-100k price dream requires something to give in the crypto/fiat status quo. Until such an extreme series of events comes to pass, I foresee many small mini-bubbles, quite like the one from $400's to $600's in Q2 this year. Coupled with the possibility of a larger one, just once, to perhaps $1525-2175. Then the experiment is matured. The rocket has landed.

 Because money is nominal, not exponential.

Thousands of pages of rubbish and then a true gem.

Great post.

Nanobrain,  I seem to remember posts like these before the last two bubbles.  The same logic was there, that it was harder to go from $X.XX to $XXX.00 and so on.  

But Bitcoin is the honey badger of money.  Bitcoin does not care about what is logical or even what makes sense.  It rises when it wants to in mind blowing ways.  I don't believe we will see a "mini-bubble"  it will be a bubble beyond our belief.  I believe, based mostly on knowing how humans work and the greed at play, that when the price beings to rise there will be people that have been waiting on the sidelines because they were unsure of what was going to happen, panic buying.  With the panic will come hysteria.  As the thousands of newbies that have not yet experienced a bubble yet see how quickly the price can rise watch they will suddenly throw caution to the wind and throw in what they can as well.  It will be crazy.  It will make no sense and Bitcoin will probably be overvalued at that point.  

All that said, TO THE MOON.