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Author Topic: When will October's bubble burst?  (Read 10873 times)
Syke
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October 24, 2013, 05:26:29 AM
 #121

answer to OP: right now Cheesy

Wow. No kidding. POP.

Buy & Hold
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bitcon
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October 24, 2013, 05:28:57 AM
 #122



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..ETHLend..1
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Qoheleth
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October 24, 2013, 05:31:27 AM
 #123

Don't count your horses before they're hatched. This doesn't look like a reversal of the market; more likely it's a single trader dumping their half-a-million bucks worth of BTC. That could be the trigger for a correction, but it's also possible that limit orders will start filling in and we see a recovery.

Keep your eye on the ball. The next few hours might get pretty interesting.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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October 24, 2013, 05:31:38 AM
 #124

damn how can I sleep now there is a chance to cheap coins before I wake up in the morning
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October 24, 2013, 05:33:07 AM
 #125

Don't count your horses before they're hatched. This doesn't look like a reversal of the market; more likely it's a single trader dumping their half-a-million bucks worth of BTC. The critical part is what happens in the next few hours.

A single trader dumping on btcchina gox and bitstamp at the same time?
bitcon
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October 24, 2013, 05:35:11 AM
 #126

someone is trying to tank the market. not so easy these days.


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dopamine
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October 24, 2013, 05:35:47 AM
 #127

ya or someone trying to hold up the market....!

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
emunebtk
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October 24, 2013, 05:36:36 AM
 #128

What would be the best LIVE graph or stats to watch as this all unfolds? Smiley as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option?
Syke
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October 24, 2013, 05:37:49 AM
 #129

What would be the best LIVE graph or stats to watch as this all unfolds? Smiley as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option?

I like http://www.bitcoinity.org/markets/mtgox/USD.

Buy & Hold
emunebtk
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October 24, 2013, 05:39:33 AM
 #130

What would be the best LIVE graph or stats to watch as this all unfolds? Smiley as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option?

I like http://www.bitcoinity.org/markets/mtgox/USD.

perfect and very easy on the eyes! Thanks a mucho Smiley
pixl8tr
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October 24, 2013, 05:42:02 AM
 #131

What would be the best LIVE graph or stats to watch as this all unfolds? Smiley as far as i know i just keep hitting refresh on mt.gox or look at my chrome widget. I am sure there is a better option?

rtbtc.com  has the best Real time stats that I know of.  However, It does requires a small fee to use.
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Kazimir
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October 24, 2013, 05:43:54 AM
 #132

Somebody is heavily playing the market (or trying tot do so, at least Smiley ). Deliberately putting large sale offers for much lower ask prices than current bids.

Too bad I didn't have a shitload of cash ready at the exchanges. Would have loved to pick up a huge stack of coins at these prices!
 

In theory, there's no difference between theory and practice. In practice, there is.
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600watt
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October 24, 2013, 07:30:16 AM
 #133

oh my god it crashed to 136  Shocked

eh.. wait...  to 136 € ?

lol
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October 24, 2013, 02:53:39 PM
 #134

So how does one know if a trader's success is due superior skill or just plain old luck?
According to every serious study that has been done on this topic: there is no such thing as skill - just illusions created by our inability to understand randomness accurately.

The only way to consistently beat the market is to cheat.

So are you cheating when you buy BTC which outperforms the S&P 500?

My guess is he meant that those who have performed well (managing mutual funds and hedge funds) benefitted from trading on illegal inside information (hence, cheating). I also think there's a difference between being long BTC (as I am, and that's how I read your statement) and actively trading in-and-out on trends.

Wish I was awake last night, I probably would have bought some BTC on Coinbase (since Dwolla shut to BTC, I haven't funded any exchange accounts to place limit orders). I'm not a trader, but being long BTC, I will buy on what appear to be dips.

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October 24, 2013, 03:20:49 PM
 #135

The GDP of Cyprus is $23 billion.  There are about 11 million Bitcoin in circulation. So if the Bitcoin economy ever approached the scale of a small bankrupt island in the Mediterranean, each Bitcoin would be worth well over $2000.



That is an invalid comparison. You are comparing total volume traded (gdp) with total monetary supply. You should instead focus on the monetary supply in Cyprus compared to the 11 million bitcoins, or find the total transactional volume of bitcoins and compare that to the GDP.

Back on topic: I do not think this is a bubble, just like we were not in a bubble when we hit 25 earlier this year. We are just in the next step up in price.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
rocks
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October 24, 2013, 07:13:26 PM
 #136

Which "bubble" is the OP refering to here?

The Oct 2013 bubble to $200
The Oct 2014 bubble to $800
The Oct 2016 bubble to $10K
or the Oct 2020 bubble to $1M

can you be more precise in the question?
Tzupy
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October 24, 2013, 07:22:29 PM
 #137

This low volume is boring me to death.
Drum rolls for phase 3.  Wink

Sometimes, if it looks too bullish, it's actually bearish
dan99
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October 25, 2013, 02:02:32 AM
 #138

will dripped down in the next few days or may go down pretty quick, just a matter of days.
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October 25, 2013, 02:07:30 AM
 #139

STOP POPPING THIS BUBBLE WHEN I AM SLEEPING!!!  Lemme buy some popped bubbles ehhhh???   Kiss
Tzupy
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October 25, 2013, 05:16:20 AM
 #140

This low volume is boring me to death.
Drum rolls for phase 3.  Wink

Phase 3 of the drop started, as predicted, but has yet not gained momentum.
Low volume, due to low seller pressure. Phase 3 could take another day at this rate. And then we go up again.

Sometimes, if it looks too bullish, it's actually bearish
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