Is the bubble over or has it just started ???

[exynos645]

I feel like bitcoin price is recovering way too fast after the last bubble burst. Could it be that the bubble was just the beginning of something much bigger ?

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

[Nigeria Prince]

It is normal growth. We are back on normal route.

http://www7.pic-upload.de/01.09.13/ul8yak61pvc.png

[solex]

See that pimple-bubble in June 2011? Well maybe the April 2013 bubble is a pimple-bubble in the foothills of godzilla-bubble! 

[phatsphere]

please press on the "logarithmic" checkbox. then come back and enlighten us, where the bubble is supposed to be … ?

[LiteCoinGuy]

It is normal growth. We are back on normal route.

this very technical graph that you make could be on bloomberg also  !

[Come-from-Beyond]

I feel like bitcoin price is recovering way too fast after the last bubble burst. Could it be that the bubble was just the beginning of something much bigger ?

People can't get dollars out of Gox, so they buy bitcoins.

[Kazu]

I feel like bitcoin price is recovering way too fast after the last bubble burst. Could it be that the bubble was just the beginning of something much bigger ?

People can't get dollars out of Gox, so they buy bitcoins.

What about EUR.

[JimboToronto]

I can't get the image out of my head, you know the one (posted by Adamstgbit I think) of bears in denial, huddled in a corner, rocking back and forth, repeatedly murmuring "getting money out of Gox".

 

[bitcon]

we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

[smoothie]

we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

Define "crash" please.

[JimboToronto]

we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

$434? Why that number?

I figure it gets closer to triple digits before crashing down to a couple of hundred.

[dnaleor]

We are out of bubble territory. This is normal grwoth.
Just take a look at this chart:


In the previous bubble, the number of new members was stable when the bubble was over. And what do we see now? Stable number of new members

[Come-from-Beyond]

we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

Once the price reaches 260$ all those losers, who bought for 260$, will dump their coins.

[alexeft]

we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

Once the price reaches 260$ all those losers, who bought for 260$, will dump their coins.

And then the price will jump to 600...! LOL!

[CoinHoarder]

Everyone seems quite convinced we're going to to 200+... I wouldn't be surprised to see it fall back to 100-120 next week. It went up too fast again... it needs to happen more gradual.

Someone pumping 2.5m usd into the market will only make the price go up for a short time. It is not sustainable unless there is a lot of new interest or ground breaking news.

[marcovaldo]

Everyone seems quite convinced we're going to to 200+... I wouldn't be surprised to see it fall back to 100-120 next week. It went up too fast again... it needs to happen more gradual.

Someone pumping 2.5m usd into the market will only make the price go up for a short time. It is not sustainable unless there is a lot of new interest or ground breaking news.

It can go up to 200 usd before people start understanding that the recent increase in price was manipulated.
If the price keeps increasing, why would people sell now?

[adamstgBit]

it makes perfect sense that bitcoin is shooting up in value at this time.


think about it...

[Dorrace]

It is normal growth. We are back on normal route.

this very technical graph that you make could be on bloomberg also  !

hahahaha ı love you guys

[BitChick]

we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

Once the price reaches 260$ all those losers, who bought for 260$, will dump their coins.

I don't know.  People are not that patient in general.  I think many that purchased above $200 were upset when they did not make a quick profit and then sold at a loss.  Maybe they are even buying now that it is rising again?  It is hard to say.  I think many of us have been buying all along though.  I have purchased but not sold any.  I don't have a huge amount by any means, but I just like have some as a way to diversify investments.

[byronbb]

Look at the bottom after the huge bubble. Bulls went to war at $50 pumping $100 million(?) into bitcoin. Then again we came to retest that number at about $60ish and we rebounded. If there ever has been a solid foundation for bitcoin it's been set. Even if it were to try and break lower those with massive investment could easily manipulate the market higher to defend/escape their position.