When will the bubble pop?

[wobber]

I think to have a real bubble it must pop and never recover, so a price correction would probably be a better term. If ever bitcoin goes to below $1, that will be a bubble pop! (imho)

If it goes to $10 it's not a bubble? Or to $50? Or to $100?

It'd say everything retracing more than 33% is a bubble.

[simplydt]

I think to have a real bubble it must pop and never recover, so a price correction would probably be a better term. If ever bitcoin goes to below $1, that will be a bubble pop! (imho)

If it goes to $10 it's not a bubble? Or to $50? Or to $100?

It'd say everything retracing more than 33% is a bubble.

What I meant to say usually you don't recover from a bubble. Judging on the drop to $64 a few months ago, and the current recovery, that was not a bubble.

[phlogistonq]

considering this rally is being led by solely by the chinese, i would call it a bubble

No, that is just increasing adoption. More people join the fun, and there will be more to come. This growth it just the rapid but natural growth of a new thing being embraced by many people.
It makes sense that is should occur in bursts, as we are seeing now.

Ofourse, we'll overshoot a bit and then settle down at a new temporary stable value, my guess it will be in the $300-500 range.

[JakeGold]

After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.

i'm not new to bitcoin, i've seen 4% rise a day before, and i've seen the outcome

Then I hope you also see this as a huge opportunity.

[JimboToronto]

So many bubbles.

[Flashman]

considering this rally is being led by solely by the chinese, i would call it a bubble

No, that is just increasing adoption. More people join the fun, and there will be more to come. This growth it just the rapid but natural growth of a new thing being embraced by many people.
It makes sense that is should occur in bursts, as we are seeing now.

Ofourse, we'll overshoot a bit and then settle down at a new temporary stable value, my guess it will be in the $300-500 range.

Yes, but this is being driven by a relative handful of Chinese, a really really tiny fraction of the Chinese population... if this is the spark that "ignites" the Chinese market, we're in for a hell of a firestorm.

Seriously, I've tried running some "What if" calculations and the numbers just go into orbit, past the moon, intergalactic and halfway to the edge of the freaking cosmos... everything comes out completely unbelievable. It would be "nice" if something would tell me that we're only going to a thousand or two, I can comprehend that.

[TheQuin]

Bubbles pop when there is no one left to get long and everyone is sure it will keep going up forever. I think we are a long way from that at the moment, but I would expect some big pullbacks along the way.

[Zarathustra]

So many bubbles.

Yes, Bitcoin is not a bubble, it is a foam party, where bubbles are popping all the time, endlessly until the end.

[jojo69]

log scale people, log scale

nothing to see here