Can we have two bubbles in one year?

[rpietila]

shit man, if it continues like this, we will be asking us "can we have two bubbles in one day?"   

Chart showing that in one day bitcoin can crash 50%, rise 100%, crash 50% and again raise 100%, with high volume, in the biggest and best exchnge MtGox.

[1Pakis]

50% isn't a crash in bitcoin world. It is high volatility get used to it.

[klee]

Geia sou patrida

Geia sou kai se esena
To site stin ypografi sou einai diko sou h einai diafimisi?

Diafimisi!

Kane join an 8es to group mou sto FB:
https://www.facebook.com/groups/UbiCrypt

Na ta leme k apo ekei!

[rpietila]

50% isn't a crash in bitcoin world. It is high volatility get used to it.

I would use the following:

<20% daily fluctuation
20-35% flashcrash
35-65% middle-of-the-move correction
65%-90% once-per-year event
>90% epic crash

[1Pakis]

I agree

[mp420]

This rally might have been the real dead cat bounce. Bitcoin market is growing up and things take more time than they used to.

[Kaiji]

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.

Back in Apr. there were so many people who dumped their coins at the first sign at trouble. As I remember it was Gox being shutdown for a short time which started the mass sell off at the $266 peak. If an exchange went down today I highly doubt it will cause a panic sell. I am just comparing the buyers back then with the buyers today who are of a much different mentality.

[XXthetimeisnowXX]

we just did

[Johnny Bitcoinseed]

Just growing pains.  Over time the rises and falls will be less dramatic percentage wise.  If the trade value falls to $100 and then rises back to $200 you've lost nothing as long as you still have your coins.  Look at the longer term picture rather than quick buck speculation and you may be rather pleased at the outlook.

[mootinator]

This rally might have been the real dead cat bounce. Bitcoin market is growing up and things take more time than they used to.

The paradox in that statement hurts my brain.

[MAbtc]

This rally might have been the real dead cat bounce. Bitcoin market is growing up and things take more time than they used to.

What are you telling me here? We going sub-50 levels? 

[mp420]

This rally might have been the real dead cat bounce. Bitcoin market is growing up and things take more time than they used to.

What are you telling me here? We going sub-50 levels? 

Yes. I don't think this is a certainty, but I think it's possible, maybe even likely.

[windjc]

This rally might have been the real dead cat bounce. Bitcoin market is growing up and things take more time than they used to.

What are you telling me here? We going sub-50 levels? 

Yes. I don't think this is a certainty, but I think it's possible, maybe even likely.

Everyone is always trying to "define" everything.

How about this theory? --->  Bitcoin is simply in a phase where it grew to he 140's, consolidated, sprang to the 220s, and cam back down to the 170s.   That's just as or more plausible than a 4 month dead cat bounce.