Hardly any 'bubble' talk this time

[MAbtc]

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.

Very much agreed. Bid support has remained very shallow behind this rally. I can't imagine we don't test those levels sooner rather than later with such a fast run-up.

[MaTachi]

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.

Yeah, history is repeating itself once again. It feels like April allover again. The possibilities to spend bitcoins obviously aren't increasing with the same speed as the bitcoin price is. And if you look at MtGox's order depth you can see that there are historically few bitcoins for sale, which drives up the exchange price.

[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.

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.

Yeah, history is repeating itself once again. It feels like April allover again. The possibilities to spend bitcoins obviously aren't increasing with the same speed as Bitcoin is. And if you look at MtGox's order depth you can see that there are historically few bitcoins for sale, which drives up the exchange price.

I subscribe.

[spooderman]

dat profit taking

[wobber]

For all the people that we're saying "this is different now": - THE BUBBLE POPPED! What other proof do you need?

[Birdy]

For all the people that we're saying "this is different now": - THE BUBBLE POPPED! What other proof do you need?

Why is every downward movement a "popped bubble"?
Guess my semantics are quite different compared to yours.

[TERA]

When upward movement continues on for days and days with nonstop buying, no capitulation, and no bid support, it becomes a "bubble". Then when someone sells into that scenario and causes a large correction, the bubble is popped. On the other hand, a downward move that happened into a large bid depth after a long consolidation period would not be popping a bubble.

[600watt]

For all the people that we're saying "this is different now": - THE BUBBLE POPPED! What other proof do you need?

uhhh the BUBBLE popped ? last week btc was 100 €. today it is 150 €.  what an epic, catastrophic, brutal, mindblowing bubble that was. please every week. 

[SheHadMANHands]

For all the people that we're saying "this is different now": - THE BUBBLE POPPED! What other proof do you need?

uhhh the BUBBLE popped ? last week btc was 100 €. today it is 150 €.  what an epic, catastrophic, brutal, mindblowing bubble that was. please every week.  

lol

"bu..bu.. but... we're back to where we were... yesterday!"

[cheech300]

For all the people that we're saying "this is different now": - THE BUBBLE POPPED! What other proof do you need?

uhhh the BUBBLE popped ? last week btc was 100 €. today it is 150 €.  what an epic, catastrophic, brutal, mindblowing bubble that was. please every week.  

lol

"bu..bu.. but... we're back to where we were... yesterday!"

+1

so funny, thats why i love this forum, you dont even need a single BTC to have fun.... just read this!

[GigaWave]

For all the people that we're saying "this is different now": - THE BUBBLE POPPED! What other proof do you need?

uhhh the BUBBLE popped ? last week btc was 100 €. today it is 150 €.  what an epic, catastrophic, brutal, mindblowing bubble that was. please every week. 

lol

"bu..bu.. but... we're back to where we were... yesterday!"

+1

so funny, thats why i love this forum, you dont even need a single BTC to have fun.... just read this!

Some bubble.

Bubble preachers, Go back to your reality TV shows, and take your nonsense drama with you.

[Nemo1024]

Looks like head and shoulders with trend reversal.... Time will tell...

[kokojie]

It's not even a bubble yet, too early. At least wait for it to go parabolic

it did.

Nope, it went parabolic as of today, you are way too early, you need to re-examine your definition of going parabolic