When will October's bubble burst?

[ardana123]

If it bursts soon i'm going to bust a nut all up in some BTC. I mean spend money and purchase some BTC. What ev.

No you won't, you'll search for the bottom and then get second guesses, then you buy anyway, then it drops even further and you panic sell. Then you lose money 

[1713552526]

1713552526

[1713552526]

1713552526

[1713552526]

1713552526

[Byteme]

If it bursts soon i'm going to bust a nut all up in some BTC. I mean spend money and purchase some BTC. What ev.

No you won't, you'll search for the bottom and then get second guesses, then you buy anyway, then it drops even further and you panic sell. Then you lose money 

lolol i read your post then looked over at the user name but saw ur avatar instead....*eye brow raise* LOLOL perfect addition to this post xD

[CEG5952]

might burst soon...... been feeling a reversal of momentum, but maybe that's just irrational fear talking. 

[zoinky]

Shouldn't we be observing the rises per day as a %, not a $ amount?

[Marbit]

Shouldn't we be observing the rises per day as a %, not a $ amount?

i think it's fine to talk about short-term in linear, you don't?

[fattypig]

Its bursting, it has hit high of $160 @ btc-e.com 3 times and it drop.

[derpinheimer]

Its bursting, it has hit high of $160 @ btc-e.com 3 times and it drop.

I never knew bubbles could re-inflate so easily after they've been burst.

Every exchange seems to be down a bit from the [insane] high, but overall is up. Not bursting. Not unless someone dumps 10k BTC on Gox, that is...

[Wary]

Bitcoin bubbles are not quite bubbles. They are bitcoins filling up next market niches. Crypto_geeks > Drug_dealers > Amateur_speculators > ??

To know when the bubble burst, we need to know what niche is getting filled now and estimate it's size.

It seems that the current niche is Chinese_amateur_investors. Anybody can estimate this market's volume?

[samson]

April:
7th - BTC rose $20
8th - BTC rose $24
9th - BTC rose $44
10th - CRASH!

October:
17th - BTC rose $6
18th - BTC rose $20
19th - Trading hasn't finished, but it's looking like another $20 day.

This rapid rise is accelerating at an unsustainable rate.  When will this bubble burst?

I expect we will see 100$ a day price increases  before we have another mid-term correction..

With thin asks (I think) and most of the live market data sites showing potentially out of data due to the 'socket' systems not working I really doubt this is going to happen.

[goxed]

Massive head and shoulders will crash to ~$40 in the next few days. I guarantee it*

*This prediction is intended solely for information purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or sell or trade in any commodities, securities, or currencies herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. In no event should the content of this report be construed as an express or implied promise, guarantee or implication by or from Derpinheimer.

I see a cup and handle on the weekly. These are notorious solid bull signals.

[TERA]

Massive head and shoulders will crash to ~$40 in the next few days. I guarantee it*

*This prediction is intended solely for information purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or sell or trade in any commodities, securities, or currencies herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. In no event should the content of this report be construed as an express or implied promise, guarantee or implication by or from Derpinheimer.

I see a cup and handle on the weekly. These are notorious solid bull signals.

I see only a cup. 

[smoothie]

April:
7th - BTC rose $20
8th - BTC rose $24
9th - BTC rose $44
10th - CRASH!

October:
17th - BTC rose $6
18th - BTC rose $20
19th - Trading hasn't finished, but it's looking like another $20 day.

This rapid rise is accelerating at an unsustainable rate.  When will this bubble burst?

I expect we will see 100$ a day price increases  before we have another mid-term correction..

Next target...nice round number....$1,000

[cheech300]

Oktober 2018!!

[DoomDumas]

I dont see any bubble here.. please show me where you see a bubble in the last months/weeks..

[pletharoe]

I dont see any bubble here.. please show me where you see a bubble in the last months/weeks..

Here...


I agree that over the long term (as shown in your graph) it is a mere blip.  But if prices rise 21% in three days (and a maximum price change of 30%), that's got to mean something.  At the time of my original post, it showed no sign of slowing down.  Now the rise has slowed down, but it's still moving visibly upwards, unlike the usual slowly but surely rise.

[Qoheleth]

If it's really a bubble, it'll take 2-4 months.

I'd contend that this period of strong growth isn't necessarily a bubble, though. Not because "this time it's different" - that's wishful thinking. More because it might level out or correct before the characteristic psychological elements of a bubble arise.

[Marbit]

If it's really a bubble, it'll take 2-4 months.

I'd contend that this period of strong growth isn't necessarily a bubble, though. Not because "this time it's different" - that's wishful thinking. More because it might level out or correct before the characteristic psychological elements of a bubble arise.

so at what general prices level or over what time frame would you say this might happen, vs. when "the characteristic psychological elements of a bubble arise"?

[papaminer]

not a bubble...

it's a correction...

[papaminer]

The month of Oct... made it a "LITTLE BIT MORE DECENTRALIZED"....

not that dependent on MTGOX anymore...

no longer SR... (stores are now spread)

Hopefully more decentralization... coming

[johnyj]

It's just a warm up