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Author Topic: ...was that the dip ... now the bubble  (Read 776 times)
jubalix
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July 03, 2017, 02:37:42 PM
 #1

it kinda feels this way.....

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July 03, 2017, 04:17:39 PM
 #2

Let's hope so, would be nice to break $3000 but think there will be a lot of resistance before we get there.

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July 03, 2017, 04:54:52 PM
Last edit: July 03, 2017, 05:22:17 PM by beerlover
 #3

Dip and bubble will not happen next to next. A continuous rising may be termed as bubble but it should be confirmed by an immediate drastic fall. I can say bitcoin has not into bubble zone even at $3000 levels as there are enough backing investors for those prices.

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July 03, 2017, 05:29:19 PM
 #4

Dip and bubble will not happen next to next. A continuous rising may be termed as bubble but it should be confirmed by an immediate drastic fall. I can say bitcoin has not into bubble zone even at $3000 levels as there are enough backing investors for those prices.
But here and everywhere the term bubble is being used just to denote up surging prices.
I understand you mean to say bubble will be followed by crash whereas non-bubble rises will be followed by corrections, right ?

In a highly volatile market there is no big differences between crash and corrections. Bitcoins faced a $1000 down fall yet bounced back so quickly, honestly do not know whether that was just a correction or crash. Similarly bubble and supply based price rises are interchangeably compatible for bitcoin market. High volatility might be a reason.
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July 03, 2017, 05:50:47 PM
 #5

I just noticed about unconfirmed transactions and fees, it seems that the fees suddenly increase from BTC1 for 12K unconfirmed transaction to BTC3 for 11K UT right now. Don't know how could it happen but some global exchanges shows bitcoin price increases as well, maybe bitcoin rally has been started since today because of segwit activation in the next month, hopefully it could break $3000 again.
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July 03, 2017, 05:59:53 PM
 #6

Just look at the top headlines in Google... analysts and expert roundly jumping the gun and posting news that looks so hasty just 24 hours later. Was it two weeks ago when it was "Crypto bloodbath" only for prices to recover 10% in 12 hours. Yesterday it was "Cryptos tanking" when prices are back above 2,500 today.

Today's headlines? "Waiting for breakout"

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July 03, 2017, 06:53:16 PM
 #7

I just noticed about unconfirmed transactions and fees, it seems that the fees suddenly increase from BTC1 for 12K unconfirmed transaction to BTC3 for 11K UT right now. Don't know how could it happen but some global exchanges shows bitcoin price increases as well, maybe bitcoin rally has been started since today because of segwit activation in the next month, hopefully it could break $3000 again.



segwit2x is going to roll forward in advance of bip148 so i wouldnt be surprised if we see a bullmarket in anticipation of 2mb blocks +segwit
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July 03, 2017, 07:24:03 PM
 #8

I just noticed about unconfirmed transactions and fees, it seems that the fees suddenly increase from BTC1 for 12K unconfirmed transaction to BTC3 for 11K UT right now. Don't know how could it happen but some global exchanges shows bitcoin price increases as well, maybe bitcoin rally has been started since today because of segwit activation in the next month, hopefully it could break $3000 again.



segwit2x is going to roll forward in advance of bip148 so i wouldnt be surprised if we see a bullmarket in anticipation of 2mb blocks +segwit

I think this is what is happening right now. Only few investors are putting cash into the market, making it a very bullish. On the other hand, some are selling in anticipation of a crash, but didn't happen. Instead casual investor bought some for a low price. Until the uncertainty of Aug 1 is cleared. This trending will likely to be going to happen in the days leading to the dreaded Aug 1.
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July 04, 2017, 06:19:03 AM
 #9

it kinda feels this way.....

sorry to disappoint you but there has not been any dips or a bubble ever since price was at $2900+ and that was a mini bubble and the correction dip already happened.
what you see how is just fluctuations when price moves between two channels and weak hands are shaken out.

i also believe that SegWit2x changed all the market behavior from being completely uncertain and moving towards a bear market to being nearly certain and starting to accumulate instead for the bull market.

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July 04, 2017, 06:32:18 AM
 #10

I just noticed about unconfirmed transactions and fees, it seems that the fees suddenly increase from BTC1 for 12K unconfirmed transaction to BTC3 for 11K UT right now. Don't know how could it happen but some global exchanges shows bitcoin price increases as well, maybe bitcoin rally has been started since today because of segwit activation in the next month, hopefully it could break $3000 again.



segwit2x is going to roll forward in advance of bip148 so i wouldnt be surprised if we see a bullmarket in anticipation of 2mb blocks +segwit

I see bull and bear market here and then in every speculation thread, could you please explain me which one means uptrend and which one means downtrend ?
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July 04, 2017, 06:47:48 AM
 #11

I just noticed about unconfirmed transactions and fees, it seems that the fees suddenly increase from BTC1 for 12K unconfirmed transaction to BTC3 for 11K UT right now. Don't know how could it happen but some global exchanges shows bitcoin price increases as well, maybe bitcoin rally has been started since today because of segwit activation in the next month, hopefully it could break $3000 again.



segwit2x is going to roll forward in advance of bip148 so i wouldnt be surprised if we see a bullmarket in anticipation of 2mb blocks +segwit

I see bull and bear market here and then in every speculation thread, could you please explain me which one means uptrend and which one means downtrend ?

the bull market is in finantial terms when prices are rising and are expected to rise more in the future too. so it is encouraged to buy
and a bear market is somewhat the opposite of that. where prices are falling and it is encouraged to sell

read mroe:
www.investopedia.com/terms/b/bullmarket.asp
www.investopedia.com/terms/b/bearmarket.asp

Buying the dip...
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July 04, 2017, 07:47:59 AM
 #12

What happened before is not the price dip, because if it's a dip then surely it won't gain resistance and move crossing $2600. For which it also doesn't look to be a bubble. In my view this is quite a gradual growth that happens after a steep drop with fluctuations happening in between. Now too the same is going on, with fluctuations the price increase is happening in a better scaling.
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July 04, 2017, 10:05:21 AM
 #13

I just noticed about unconfirmed transactions and fees, it seems that the fees suddenly increase from BTC1 for 12K unconfirmed transaction to BTC3 for 11K UT right now. Don't know how could it happen but some global exchanges shows bitcoin price increases as well, maybe bitcoin rally has been started since today because of segwit activation in the next month, hopefully it could break $3000 again.



segwit2x is going to roll forward in advance of bip148 so i wouldnt be surprised if we see a bullmarket in anticipation of 2mb blocks +segwit

I don't think so. We may see an crazy run when we know what's going to happen with 2x part after SegWit is activated.
It's not 2MB by the way! More likely 4MB to 8MB. But they want you to make believe it's 2MB!
So don't get plaed by those shady guys.
Even with a stupid agreement buy companies and a majority of hashrate I doubt we will see the users switching to a non core developed client. That is way I believe the hardforl may happen, bit fail miserably!
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July 04, 2017, 02:34:23 PM
 #14

it kinda feels this way.....

As at today when it comes to the issue of bitcoin, I feel the dip has happened in already and right now what we are facing is stability which the next direction could either be a further dip or a bubble as you have rightly suggested but nothing is certain. I prefer the position we are facing currently where price is increasing at a mild rate rather than the other way round that will attract the speculations that could further do more damage at the end of the day.
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July 04, 2017, 03:47:58 PM
 #15

I just noticed about unconfirmed transactions and fees, it seems that the fees suddenly increase from BTC1 for 12K unconfirmed transaction to BTC3 for 11K UT right now. Don't know how could it happen but some global exchanges shows bitcoin price increases as well, maybe bitcoin rally has been started since today because of segwit activation in the next month, hopefully it could break $3000 again.



segwit2x is going to roll forward in advance of bip148 so i wouldnt be surprised if we see a bullmarket in anticipation of 2mb blocks +segwit

I see bull and bear market here and then in every speculation thread, could you please explain me which one means uptrend and which one means downtrend ?

the bull market is in finantial terms when prices are rising and are expected to rise more in the future too. so it is encouraged to buy
and a bear market is somewhat the opposite of that. where prices are falling and it is encouraged to sell
Guys like Warren Buffet tend to avoid selling in bear markets.  People acting on emotions often end up losing money because of their fear of losing too much money, even though bear markets seldom last very long.

All bubbles are a bit hazy.  If everyone knew it was a bubble, the bubble wouldn't have happened.  So all you can do is ride it out, and afterwards you can say "oh shit that was a bubble, good thing I bought ages before it" or you can say "phew good thing I didn't sell during those rallies".

However, do be warned that it's very common in bubbles (and the end of bull markets) for there to be a bull trap right after a dip.  It's a return to what you start thinking of as normal, but that doesn't tend to last.

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July 05, 2017, 12:16:25 AM
 #16

I think it's on.

Clear break upwards currently occuring.

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July 05, 2017, 06:05:25 AM
 #17

(snipped)
Guys like Warren Buffet tend to avoid selling in bear markets.  People acting on emotions often end up losing money because of their fear of losing too much money, even though bear markets seldom last very long.

All bubbles are a bit hazy.  If everyone knew it was a bubble, the bubble wouldn't have happened.  So all you can do is ride it out, and afterwards you can say "oh shit that was a bubble, good thing I bought ages before it" or you can say "phew good thing I didn't sell during those rallies".

However, do be warned that it's very common in bubbles (and the end of bull markets) for there to be a bull trap right after a dip.  It's a return to what you start thinking of as normal, but that doesn't tend to last.

thanks for the addition but i was just giving a general meaning of the terms. of course there are a lot of things at play when it comes to markets and different movements that must be considered, it is never a simple buy now sell now kind of thing.
and i liked the word "encouraged to" buy or sell in their deffinitions which i also used in my comment.

Buying the dip...
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