Here are my thoughts regarding the November 2013 bitcoin bubble.
To the extent that comparing the two previous bubbles with this one is useful, here is a comparison with regard to price doubling times, using MtGox USD data.
**** Bitcoin Bubble 1 peak occurred June 8, 2011 ****
The way up ...
0.498 January 31, 2011
0.997 April 15 2011 - doubling time 74 days
1.99 April 28, 2011 - doubling time 13 days
3.98 May 10, 2011 - doubling time 12 days
7.97 May 13, 2011 - doubling time 3 days
15.95 June 4, 2011 - doubling time 22 days
31.90 The high on Wednesday, June 8, 2011 - doubling time 4 days
**** Bitcoin Bubble 2 peak occurred April 10, 2013 ****
The way up ...
4.16 December 19, 2011
8.31 July 16, 2012 - doubling time 210 days
16.62 January 21, 2013 - doubling time 189 days
33.25 March 1, 2013 - doubling time 59 days
66.50 March 25, 2013 - doubling time 24 days
133.00 April 3, 2013 - doubling time 9 days
266.00 Wednesday, April 10, 2013 - doubling time 7 days
**** Current Bitcoin Bubble 3 ****
The way up ...
65.42 July 4, 2013
130.84 August 29, 2013 - doubling time 56 days
261.68 November 5, 2013 - doubling time 68 days
523.36 November 16, 2013 - doubling time 11 days
If the pattern of the two previous bubbles holds, we might expect one more doubling with the peak very roughly around $1000. Likewise we might expect to see the peak next week, doubling from 523.36 in perhaps only 7 days.
Major posts in this thread ...Your thoughts?