whats happening?

[eindbaas]

Hello I just woke up and I see the price is at 490 dollars.
yesterday I watched the crash to 500 and go back up to 700. Is this a simular bounce? Whats going on ?
btw 500 dollars is a very good stable price after the chinese invested allot. Now slowly rise to 1k over 6 mounths please.

[Boxman90]

Demand is low supply is high. Everybody is speculating.

/thread.

[Feri22]

Demand is low supply is high. Everybody is speculating.

/thread.

Not me...so not everybody 

[evolve]

Is this a simular bounce?

Maybe.

Whats going on ?

Panic and profit taking.

[NUFCrichard]

crazy price swings, generally downwards

[zeroday]

Typical Pump & Dump.

Don't worry if you are long term investor. We are still heading beyond $1000 this or next month.

[Maged]

Typical Pump & Dump.

Don't worry if you are long term investor. We are still heading beyond $1000 this or next month.

I wouldn't count on that. That being said, if you really are a long term investor, then you won't mind if this takes one to two years to recover, as it has in the past. Although, these days it seems that bubbles happen every 6 months, so it could be sooner.

[TERA]

The other day's correction was a low volume correction. This is a HIGH VOLUME correction.

[rebuilder]

Typical Pump & Dump.

Don't worry if you are long term investor. We are still heading beyond $1000 this or next month.

I wouldn't count on that. That being said, if you really are a long term investor, then you won't mind if this takes one to two years to recover, as it has in the past. Although, these days it seems that bubbles happen every 6 months, so it could be sooner.

So...
Interval between peak of bubble 1 and bubble 2: approx. 22 months.
Interval between peak of bubble 2 and bubble 3: approx. 6 months, assuming we just peaked.
Interval between peak of bubble 3 and bubble 4: approx 1.64 months? -18 months? Do we need to invent time travel now?

Maybe two intervals isn't really enough to say anything about how the market seems to behave.

[MatTheCat]

The other day's correction was a low volume correction. This is a HIGH VOLUME correction.

Can't get access to my Bitstamp account at the moment....servers are obviously jam packed with frantic punters placing their bets either which way.

[bitcoinBull]

Typical Pump & Dump.

Don't worry if you are long term investor. We are still heading beyond $1000 this or next month.

The typical pump & dump is a penny stock which is spammed (the pump) and then sold (the dump), never to recover. That's more like some of the alt-chains and *coins going around, with premature promotion and shameless overhyping.

The correction in bitcoin price is simple profit-taking. More extreme corrections are called crashes, followed by a bounce (if the trend stays intact), or a dead cat bounce (if the bounce fails to make a new high).

[raskolnikovx]

As I read this Bitcoin is almost at $1000 USD in china and the Gox keeps going up ($711 now)
Not sure about this corrections

EDIT: bitstamp.net is down with a 500 error.
I wont panic since I am here for long term profits too

EDIT 2: btcchina at 6142 CYN (over $1000 usd)

[Parazyd]

The prices will go crazy again when the Senate hearing starts today. 

[theonewhowaskazu]

I'm legitimately surprised that people are panicking.

When I went to sleep 2 nights ago, it was $400-something.

After I came back from work the next day, I see a high of $900, and current price at $800.

When I go to sleep that day, its $700.

When I wake up today, its still $700.

I mean, I get that its a bumpy ride, but when you literally double the price in one day, a pullback is to be expected, honestly. I was panicking when we dropped from $900 to sub-$600 in 10 minutes. After we recovered from that, it seems like its slowly calmed down a bit.

[mvidetto]

I'm legitimately surprised that people are panicking.

When I went to sleep 2 nights ago, it was $400-something.

After I came back from work the next day, I see a high of $900, and current price at $800.

When I go to sleep that day, its $700.

When I wake up today, its still $700.

I mean, I get that its a bumpy ride, but when you literally double the price in one day, a pullback is to be expected, honestly. I was panicking when we dropped from $900 to sub-$600 in 10 minutes. After we recovered from that, it seems like its slowly calmed down a bit.

Yeah but you missed a low of $375 between the $700s...

[n691309]

Whats going on ?
btw 500 dollars is a very good stable price after the chinese invested allot. Now slowly rise to 1k over 6 mounths please.

This is very pessimistic, btcchina still around $1000 USD
Other exchanges might hit $1000 USD today as well

[antimattercrusader]

Hello I just woke up and I see the price is at 490 dollars.
yesterday I watched the crash to 500 and go back up to 700. Is this a simular bounce? Whats going on ?
btw 500 dollars is a very good stable price after the chinese invested allot. Now slowly rise to 1k over 6 mounths please.

We're fine, after such a sharp rise we're due for a correction. Some investors have goals and actually stick to them, once the goals were met they sold. Probably triggered a mini-sell off, but we've found hte bottom and on the road back up - I just hope it's more rational and stable than the previous doubling in 2 days