This Doesn't Feel Like A Bubble To Me

[windjc]

The term "Bubble" is being thrown around this forum like its going out of style.

But besides a few posts I've read, it seems the majority of people using this term don't even understand it.

What we have seen in the BTC markets starting with the Silk Road news is called VOLATILITY.

Too many people are looking at April to try and predict when we will "crash" again. But even if we go up to 266 and come back down to 150, that wouldn't have been a bubble or a crash. That would just be high volatility.

April was more like a bubble because it slowly built from the teens and gained more and more momentum as it went along. By the time the ATH hit, we were seeing daily verticle jumps well past anything on record.

Right now we have 1 day (today) where it looks like MtGox will be in the +20s.  High volatility.

If we are in a bubble, we are in the early stages. If in a couple of weeks were are north of 450 or 500, and have had $50+ up days, then you can start using the word "Bubble."

But until then, this is just high volatility.

[freequant]

You know it's time to sell when people start acting delusional and thinking aloud that the Moon is made of cheese...

[adamstgBit]

the High volatility will POP! get out b4 its too late!

Lol!

[wobber]

if this is a bubble it is just the start. if this really is a bubble here comes $3000!

Weren't you saying the same in April?

[lucas.sev]

It doesn't?

[windjc]

It doesn't?

No, it doesn't. For all the reasons I just talked about. Good job in picking a candlestick timeframe to make it appear like it though.

If we get 8 more upward candlesticks, with some of them being larger than any we saw in April, then like I said, that would now put us in the early stages of a bubble.

[adamstgBit]

The term "Bubble" is being thrown around this forum like its going out of style.

But besides a few posts I've read, it seems the majority of people using this term don't even understand it.

What we have seen in the BTC markets starting with the Silk Road news is called VOLATILITY.

Too many people are looking at April to try and predict when we will "crash" again. But even if we go up to 266 and come back down to 150, that wouldn't have been a bubble or a crash. That would just be high volatility.

April was more like a bubble because it slowly built from the teens and gained more and more momentum as it went along. By the time the ATH hit, we were seeing daily verticle jumps well past anything on record.

Right now we have 1 day (today) where it looks like MtGox will be in the +20s.  High volatility.

If we are in a bubble, we are in the early stages. If in a couple of weeks were are north of 450 or 500, and have had $50+ up days, then you can start using the word "Bubble."

But until then, this is just high volatility.

ok i have to agree,
your right this is by no means a bubble, it really is mostly  high volatility.  but price is to damn high and bitcoin will do its "high volatility" thing and we will go down fast and soon.

[chrsjrcj]

It doesn't?

Giant @$$ cup and handle forming.

[freequant]

If we get 8 more upward candlesticks, with some of them being larger than any we saw in April, then like I said, that would now put us in the early stages of a bubble.

Yeah no shit, you haven't got a spade unless it's at least a queen, and she must be smilling and attractive otherwise it doesn't count.

[windjc]

If we get 8 more upward candlesticks, with some of them being larger than any we saw in April, then like I said, that would now put us in the early stages of a bubble.

Yeah no shit, you haven't got a spade unless it's at least a queen, and she must be smilling and attractive otherwise it doesn't count.

No, what you have right now in your hand is "high volatility." No more no less.

[notme]

If we get 8 more upward candlesticks, with some of them being larger than any we saw in April, then like I said, that would now put us in the early stages of a bubble.

Yeah no shit, you haven't got a spade unless it's at least a queen, and she must be smilling and attractive otherwise it doesn't count.

No, what you have right now in your hand is "high volatility." No more no less.

Historically, volatility (as measured by standard deviation) is still very low on the weekly chart.  Daily's not even too bad yet .

[adamstgBit]

It's a bubble on top of volatility on top of a steady increase.

official definition of bitcoin?

yup!



 

[theonewhowaskazu]

You know it's time to sell when people start acting delusional and thinking aloud that the Moon is made of cheese...

What?? 

Randomest post I've seen so far.

[theonewhowaskazu]

Giant @$$ cup and handle forming.

Doesn't that mean it'll have to go down to the base before we can have the final upward "handle"?

If so, I'm quite happy. Preferably it'll go down (at least on Bitstamp) to $150

[the joint]

It's a bubble on top of volatility on top of a steady increase.

I like this description.

[bassclef]

You know it's time to sell when people start acting delusional and thinking aloud that the Moon is made of cheese...

What?? 

Randomest post I've seen so far.

You mean you don't ever look at the moon and wonder if it's a giant wheel of Parmesan?

[theonewhowaskazu]

You know it's time to sell when people start acting delusional and thinking aloud that the Moon is made of cheese...

What?? 

Randomest post I've seen so far.

You mean you don't ever look at the moon and wonder if it's a giant wheel of Parmesan?

So parmesan => Irrationality => Moon => 2 Da Moon => Bitcoin => Time to sell?

[FNG]

Much stronger base. a lot of people buying  since the last run-up don't intend to sell anytime soon.

[BitcoinAshley]

Actually, the moon is not a cheese, it is a giant spaceship.

What, you haven't seen the videos of the conspiracy theorists and that experiment when NASA detonated charges on the moon and it reverberated as if it were hollow?

   

EDIT: On topic: People will use the word "bubble" how they see fit. It's wholly irrelevant.

[knight22]

It's a bubble on top of volatility on top of a steady increase.

lol so true