Hardly any 'bubble' talk this time

[spooderman]

That's because there is hardly any bubble this time. Last time it $10 to $260 in relatively short time period. Price should be at least at $500 before we can even began to talk about bubble.

I think this is not true...

We had a jump $140 to $200 in about 24 hours, and then another jump again $200 to $260 (and back to $60) in another 24 hours. It was definitely much slower in the weeks and months before that. Now we moved $155 to $195 in about 24 hours, that is definitely not normal growth. The only moments bitcoin had this growth EVER was during the bubbles. (excluding dead cat bounce after a massive crash)

If you compare side by side the April bubble with the current one, you can clearly see where we are. This speed of growth $140 to $200 is pretty much the same as the part of the previous bubble from $60 to $120. What happened next was a mad jump doubling again $120 to $240 in . If this is any similar we can see price skyrocket to over $300 or $350 in the next couple days, then badly crash, probably to $100 or so.

I suppose, if price is rising $200 to $250 in more than a week or so, then we are almost safe, and the bubble may touch $500 as you say, but that is when it burst, not when we "begin to talk about bubble", as we are just in the middle of one.

+1

[wobber]

I do say we're in bubble. But nobody seems to listen or care. Too much frenzy here.

Yes, we might go up to 300 but only to pop much lower.

[somestranger]

The bubble is just beginning.

[bitwhizz]

i used to be bubble babbler in the last bubble, i've learnt my lesson

what lesson?

Their is no bubble

[Open4lies]

I do say we're in bubble. But nobody seems to listen or care. Too much frenzy here.

Yes, we might go up to 300 but only to pop much lower.

I believe most here realize it is bubble. All you need is look how fast the price is rising last days, you dont need to know anything else.

[Corelianer]

I do say we're in bubble. But nobody seems to listen or care. Too much frenzy here.

Yes, we might go up to 300 but only to pop much lower.

I believe most here realize it is bubble. All you need is look how fast the price is rising last days, you dont need to know anything else.

The problem is that there are no good short-selling options with Bitcoin...

[600watt]

we are in the midst of the mother of all bubbles:

the almighty fiat bubble.

in past centuries, when banknotes were invented, people were always wondering if that paper was backed by enough gold. we don´t have this problem currently. our problem is that there isn't even enough paper to print all the money in account.  

edit: italics

[emanymton]

we are in the midst of the mother of all bubbles:

the almighty fiat bubble.

in past centuries, when banknotes were invented, people were always wondering if that paper was backed by enough gold. we don´t have this problem currently. our problem is that there isn't even enough paper to print all the money in account.  

word

[domob]

in past centuries, when banknotes were invented, people were always wondering if that paper was backed by enough gold. we don´t have this problem currently. our problem is that there isn't even enough paper to print all the money in account.  

That's a nice formulation, I'll try to remember it for discussions.

[Tzupy]

Good formulation indeed, I'll remember it. LOL

[Nemo1024]

600watt, you've just created a future classic citation!

[San1ty]

Ok, you asked for it!

[600watt]

600watt, you've just created a future classic citation!

edit: what i meant is that there isn´t enough paper money "backing" the money in account.  

[Nemo1024]

Actually, the other meaning, that there is not enough paper to print all the money stored electronically on all accounts might equally hold true. 

[Rygon]

I do say we're in bubble. But nobody seems to listen or care. Too much frenzy here.

Yes, we might go up to 300 but only to pop much lower.

I believe most here realize it is bubble. All you need is look how fast the price is rising last days, you dont need to know anything else.

The problem is that there are no good short-selling options with Bitcoin...

Bitfinex might not be perfect, but it allows for short selling. Last I checked, the borrowing rate was as low as 3%. If people think it's a bubble, they certainly aren't willing to bet on it.

[fattypig]

People would talk about the bubble when bubble comes, then everyone would go crazy and panic sell creating even more bubble....

[spooderman]

it's gonna burst, and it's gonna hurt like fuck, but I guess what we'll do is hold anyway given that it's impossible to know when the bursting will come.

and I figure it will only drop to about 120 then bounce to 150

[sidhujag]

I do say we're in bubble. But nobody seems to listen or care. Too much frenzy here.

Yes, we might go up to 300 but only to pop much lower.

I believe most here realize it is bubble. All you need is look how fast the price is rising last days, you dont need to know anything else.

The problem is that there are no good short-selling options with Bitcoin...

Bitfinex might not be perfect, but it allows for short selling. Last I checked, the borrowing rate was as low as 3%. If people think it's a bubble, they certainly aren't willing to bet on it.

As soon as there are short sellers the rally will have bigger legs as short covering will add fuel to the fire multiplied by leverage.

[rocks]

That's because there is hardly any bubble this time. Last time it $10 to $260 in relatively short time period. Price should be at least at $500 before we can even began to talk about bubble.

I think this is not true...

We had a jump $140 to $200 in about 24 hours, and then another jump again $200 to $260 (and back to $60) in another 24 hours. It was definitely much slower in the weeks and months before that. Now we moved $155 to $195 in about 24 hours, that is definitely not normal growth. The only moments bitcoin had this growth EVER was during the bubbles. (excluding dead cat bounce after a massive crash)

If you compare side by side the April bubble with the current one, you can clearly see where we are. This speed of growth $140 to $200 is pretty much the same as the part of the previous bubble from $60 to $120. What happened next was a mad jump doubling again $120 to $240 in . If this is any similar we can see price skyrocket to over $300 or $350 in the next couple days, then badly crash, probably to $100 or so.
I suppose, if price is rising $200 to $250 in more than a week or so, then we are almost safe, and the bubble may touch $500 as you say, but that is when it burst, not when we "begin to talk about bubble", as we are just in the middle of one.

The fact that "badly crash" now means $100, to me says that we are definitely NOT in a bubble. If the lows in each cycle are constantly higher than the lows of the previous cycle, then we are still in a long-term up trend. What we are seeing is high volatility within an established up trend. A bubble would be if BTC crashed and then kept going down.

[geofflosophy]

I think the "bubbling" is not neccessarily the amount of price increase but what can be seen in the bid depth and the lack of capitulation moves and tested support levels. It is just nonstop buying (hence 'overbought') and way up in the bollinger band. Just think with a $60 movement, $700M market cap has been added. Has $700M been invested?

This point can't be overstated. I think that we're due for a correction downward, at least to test these new gains. There will be a buy opp in the $130-$150 range. But blink and you'll miss it.