wobber (OP)
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November 08, 2013, 09:34:31 PM
Last edit: November 13, 2013, 03:29:16 PM by wobber |
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I was thinking of the possibility of a new crash to come this weekend. Seems to me that the recent growth is too big to be sustained, it's really exponential!  |
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wopwop
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November 08, 2013, 09:36:25 PM |
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hoping to buy lower now that you sold? not gonna happen  |
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wobber (OP)
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November 08, 2013, 09:37:43 PM |
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hoping to buy lower now that you sold? not gonna happen Not really hoping, I can buy anytime if this goes up in a steady pace. |
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yochdog
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November 08, 2013, 09:40:06 PM |
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I was thinking of the possibility of a new crash to come this weekend. Seems to me that the recent growth is too big to be sustained, it's really exponential! Queue angry, self assured, post rationalizing Bitcoin zealot in 3....2.....1...... |
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wtfvanity
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November 08, 2013, 09:47:14 PM |
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I was thinking of the possibility of a new crash to come this weekend. Seems to me that the recent growth is too big to be sustained, it's really exponential! Queue angry, self assured, post rationalizing Bitcoin zealot in 3....2.....1...... It is quite interesting there is little to no volume beneath it like April. Nice chart. |
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navigator
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November 08, 2013, 09:49:06 PM |
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This is a perfect opportunity for the bulls to annihilate any remaining bears by pushing up the price on up to 500-700 before crashing. Too many people expecting it to crash like last time and the time before. What reason does it have to crash? There is no rule that says it can't increase exponentially. Bitcoin has proven us all wrong before.
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nobbynobbynoob
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November 08, 2013, 09:49:36 PM |
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It is quite interesting there is little to no volume beneath it like April. Nice chart.
It's based on Mt Gox though. |
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knight22
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--------------->¿?
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November 08, 2013, 09:49:44 PM |
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It is quite interesting there is little to no volume beneath it like April. Nice chart.
Back in April, Mtgox has 80% of all exchange volume. Not anymore... |
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meh32123
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November 08, 2013, 09:51:16 PM |
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it's not yet crash time....
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wtfvanity
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November 08, 2013, 09:51:35 PM |
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It is quite interesting there is little to no volume beneath it like April. Nice chart.
It's based on Mt Gox though. Ahh, that's better. Is there a combined volume chart somewhere, or who's the leader now? Bitstamp? China? |
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BittBurger
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November 08, 2013, 09:52:17 PM |
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What does it mean when there is almost no "Volume" like that? Yet the price goes way up?
UPDATE: does it matter if there's a combined chart? The price is also just gox.... so the volume is just gox ...
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Xer0
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November 08, 2013, 09:52:54 PM |
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There is no rule that says it can't increase exponentially. Bitcoin has proven us all wrong before. 
Bitcoin™ |
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Elwar
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November 08, 2013, 09:53:22 PM |
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The price has only doubled once...all other crashes came after at least 4 doubling.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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DeathAndTaxes
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Gerald Davis
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November 08, 2013, 09:55:10 PM |
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What does it mean when there is almost no "Volume" like that? Yet the price goes way up?
Large moves with little volume show less conviction then large moves with high volume. |
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BittBurger
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November 08, 2013, 09:56:25 PM |
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Can you define conviction in this context?
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DeathAndTaxes
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Gerald Davis
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November 08, 2013, 09:58:05 PM |
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The price has only doubled once...all other crashes came after at least 4 doubling.
Twice? Capitulation after the last crash was ~$70. Doubled would be $140. Doubled again would be $280. Doubled again would be $560. Doubled again would be $1,060. If we hit $500 in a straight shot without a breather I would sell off some (always some, never all) and not lose sleep. If it hit $1,000 I would dump a lot more and be confident that I get another chance. |
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DeathAndTaxes
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Gerald Davis
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November 08, 2013, 10:02:45 PM |
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Can you define conviction in this context?
The the rise is sustained, it has set a new floor, it shows a new leg upward, etc. However as pointed out MtGox has lost marketshare so volume is a false indicator. We would need a chart of all exchanges combined price and volume to draw anything from it. |
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Elwar
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November 08, 2013, 10:03:12 PM |
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The price has only doubled once...all other crashes came after at least 4 doubling.
Twice? Capitulation after the last crash was ~$70. Doubled would be $140. Doubled again would be $280. Doubled again would be $560. Doubled again would be $1,060. If we hit $500 in a straight shot without a breather I would sell off some (always some, never all) and not lose sleep. If it hit $1,000 I would dump a lot more and be confident that I get another chance. Well, the price has been steady for several months around $100-$125...so I see the first double at around $250. That double took about 4 weeks. If it goes to $500 in 2 weeks then we know we are on track for $1,000 in a week after that. That is where it will become unstable. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Taxidermista
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November 08, 2013, 10:04:06 PM |
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I was thinking of the possibility of a new crash to come this weekend. Seems to me that the recent growth is too big to be sustained, it's really exponential! Exponential?? WTF are yo talking about?? You need to look at 2-month chart, not a 2-year one. |
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Walsoraj
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November 08, 2013, 10:36:15 PM |
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http://bitcoin.clarkmoody.com/Set the period to 1W and zoom in enough to only show the current year to the present. We are due a crash soon. *edit* Or zoom way the fuck out. Zoom anywhere. We are going to crash within a week.
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