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1Pakis (OP)
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October 23, 2013, 11:41:27 AM
Last edit: October 23, 2013, 04:19:02 PM by 1Pakis |
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Or the first one was a bull bear trap.
Anyway I hold more bitcoins now than I did when the price hit 266$.
Any thoughts?
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Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
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October 23, 2013, 12:53:23 PM |
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I thought the first one was a bear trap?
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Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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fattypig
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October 23, 2013, 01:02:08 PM |
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Or the first one was a bull trap.
Anyway I hold more bitcoins now than I did when the price hit 266$.
Any thoughts?
The price rises too fast, bubble is coming.... |
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JimboToronto
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You're never too old to think young.
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October 23, 2013, 01:02:44 PM |
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How many bubbles before it's called suds?
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Kaiji
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Hoist the Colours
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October 23, 2013, 01:07:31 PM |
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The Apr 2013 rise was a real bubble and a steep one at that. People who never heard of bitcoins where pumping their money in. The crash was inevitable and the constant hacking/manipulation of exchanges and Silkrd ensured it.
The second rise we are currently seeing was started by the mtgox problem and ensuing price rise as people try to get their coins out. The feds seizure of SR and the resulting bounce back to current prices in short time greatly increased everyone's confidence in the coin. Now there is less of a chance of manipulation by hackers. Plus all of the weak hands have been scared off the exchanges after the bubble burst in Apr. Now there are a lot of people holding their coins no matter what.
There is also a shortage of coins as well so I've been told.
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1Pakis (OP)
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October 23, 2013, 01:26:08 PM |
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So. April was bubble and now we are in sustainable growth?
I like that view of bitcoin.
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Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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wopwop
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October 23, 2013, 01:31:28 PM |
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People can't withdraw real money -> ppl are forced to buy bitcoins with their MtGox dollars. It's great  After Silk Road issue, it became more apparent that at any moment bitcoin businesses, like MtGox, can get terminated. You don't want your real money in there that you can't get out. You are forced to buy coins to get out of immediate danger zone called 'MtGox'. If you finally want to actually have gained something in real life, you must withdraw real money, but you can't right now, or you have to take a huge risk of facing MtGox termination. Pretty much bitcoin sheeple got cornered. And it's great for the price  The outsiders naive guy might think bitcoin is doing great and its time to buy because the price going up, unbeknownst why it is rising. If such a person adds real money, his kind could save MtGox from death (MtGox is insolvent), but I personally think there aren't enough people anymore willing to put new real money in, most people know Bitcoin by now and know its uses (or lack thereof). It's sad for the sheeple but great for traders like myself, who are in BTC trackers. |
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Peter Lambert
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October 23, 2013, 01:56:23 PM |
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When the price rose above about 20 people started assuming we were in another bubble. Looking back now, we see were not in a bubble, we were and still are in a sustained upward movement, and the crash from 265 to 50 was just a minor correction along the upward growth path.
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Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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ronaldlee0917
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October 23, 2013, 01:56:34 PM |
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Can we have two crashes in one year?
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Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin |
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zeroday
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October 23, 2013, 02:14:12 PM |
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This is not a bubble. Adoption in China is going on.
April's crash and panic would not happen if we had more than one exchange (gox).
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1Pakis (OP)
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October 23, 2013, 02:20:52 PM |
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Will somebody mention the difficulty jump from 7,673,000 in April to 267,731,249 today and above 350,000,000 in 3 days tops? if the price was above 200$ with ~8mil difficulty where should it be today? P.S. I'm Greek by the way |
Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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stephwen
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October 23, 2013, 02:22:10 PM |
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Can we have two crashes in one year?
sure |
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Peter Lambert
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October 23, 2013, 03:39:28 PM |
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Will somebody mention the difficulty jump from 7,673,000 in April to 267,731,249 today and above 350,000,000 in 3 days tops? if the price was above 200$ with ~8mil difficulty where should it be today? P.S. I'm Greek by the way Difficulty and price are not directly related. |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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theonewhowaskazu
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October 23, 2013, 03:57:35 PM |
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There is no bubbles, there is only bear traps |
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1Pakis (OP)
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October 23, 2013, 04:33:08 PM |
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Difficulty and price are not directly related.
Yes but they are loosely related and you can't ignore a 35 (and soon 50) times jump in difficulty. |
Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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Peter Lambert
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October 23, 2013, 04:34:55 PM |
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There is no bubbles, there is only bear traps We have been in a bubble from April until now, a reverse bubble. |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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Gabi
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If you want to walk on water, get out of the boat
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October 23, 2013, 04:35:32 PM |
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Sure, two bubbles in one year looks like madness. But is this madness? No, THIS IS BITCOIN
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Spaceman_Spiff
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October 23, 2013, 04:38:24 PM |
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Sure, two bubbles in one year looks like madness. But is this madness? No, THIS IS BITCOIN
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rpietila
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October 23, 2013, 04:38:39 PM |
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Sure, two bubbles in one year looks like madness. But is this madness? Yes, THIS IS BITCOIN
Corrected. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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MAbtc
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October 23, 2013, 04:44:50 PM |
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Plus all of the weak hands have been scared off the exchanges after the bubble burst in Apr. Now there are a lot of people holding their coins no matter what.
Is there any sort of a basis for the strong hands / weak hands theory? Like, something tangible / observable? So many people state this "fact", but it just seems like a wild assumption to me. |
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