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TERA (OP)
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November 21, 2013, 07:00:28 AM |
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What do you think? I think this is significantly different from april because there are many exchanges and all of them still have fiat still flowing in exponentially. So it might be more like 2012, or even be just a correction.
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mvdheuvel1983
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November 21, 2013, 07:41:07 AM |
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"August 20, 2012 - The bubble has popped. We arent headed up anywhere very fast for months. However, we aren't going down either - just a slow trend up." would be the best I think. It went way too fast the last weeks.
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ironstove
Member
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Activity: 111
Merit: 10
Possibilities are limitless
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November 21, 2013, 07:59:37 AM |
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Bull trap? Correction?
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rampantparanoia
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November 21, 2013, 05:22:04 PM |
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Twas a beartrap.
Rawr motherfz.
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theonewhowaskazu
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November 21, 2013, 05:26:13 PM |
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Is a crash, really a crash, if nobody knows if its a crash or not?
This is more like a combination of panic buying and selling as the price moves nearly discontinuously. Its not even fair to call it either a bubble OR a crash, because the price is literally just jumping around with no meaning whatsoever primarily due to low liquidity.
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totemITnow
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November 21, 2013, 05:27:51 PM |
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If you use weekly averages, we are on rise trend.
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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November 21, 2013, 05:36:49 PM |
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From an EW perspective, we are after the peak of wave B (750$ on Gox), and within capitulation.
But now there are several million $ more in the order books resulting in buyer pressure.
On Bitstamp it's ludicrous, the price may even top the 755$ Bitstamp peak.
Quite weird, and high buyers will get burned badly if the breakthrough won't be real.
For me, the most realistic picture is China. They seem on track to properly end wave C in about 3 days.
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Sometimes, if it looks too bullish, it's actually bearish
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I_bitcoin
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November 21, 2013, 06:31:54 PM |
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I don't think we can stop this trend. The "natural" behavior when folks are not dumping is a drift upwards. Keep in mind that coinbase has run out of coins several times. A lot of demand and the self reinforcing behavior is massively global.
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No matter where you go, there you are.
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hellfrozenow
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November 21, 2013, 06:47:25 PM |
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I believe next bubble is starting and and unless someone want loose money in bear trap, we will see steady rise
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spiderbrain
Legendary
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Activity: 889
Merit: 1013
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November 21, 2013, 09:33:22 PM |
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If we hadn't just had this recent explosion of exposure to real investor types (US government = US investor class, there is no difference anymore), then this bubble would definitely be popping. However, I'm personally guessing that we have two growth cycles superimposed on each other out of sync, hence the total mess/mixed signals. TA is going to have to go and have a lie down, no one knows what's going to happen here. That said, if you had money invested on the US stock market, growing insanely in an otherwise screwed economy thanks to endless money printing, and you didn't own any bitcoins, and you were really rich, wouldn't it seem like a good idea to pick some up? It might not be a matter of a sane investment, just less crazy.
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BitchicksHusband
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November 21, 2013, 09:34:22 PM |
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Is a crash, really a crash, if nobody knows if its a crash or not?
This is more like a combination of panic buying and selling as the price moves nearly discontinuously. Its not even fair to call it either a bubble OR a crash, because the price is literally just jumping around with no meaning whatsoever primarily due to low liquidity.
If the crash is on a Monday and it never goes below the previous Friday, then I'm gonna say that's not really a crash. If it went to $200, now THAT would have been a crash. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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600watt
Legendary
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Activity: 2338
Merit: 2106
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November 21, 2013, 09:49:42 PM |
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nice poll  |
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torrentheaven
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November 21, 2013, 11:19:55 PM |
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We are in bubble and this was just a correction. There is increased demand, and will continue for month or two. Next corrections possible on the way up
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EvilPanda
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November 21, 2013, 11:58:24 PM |
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It was a correction and we should go up a bit more.
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Coinseeker
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November 22, 2013, 12:25:49 AM |
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1. Bitcoin always goes up
2. When Bitcoin goes down, refer to step one.
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If your ignore button isn't glowing, you're doing it wrong.
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theonewhowaskazu
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November 22, 2013, 01:13:25 AM |
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No matter what people say, this will be considered the most fun 5 days in Bitcoin history.  Absolutely nuts. Today is the first day I've actually been able to relax since last Friday. |
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ElectricMucus
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Activity: 1666
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Marketing manager - GO MP
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November 22, 2013, 01:18:16 AM |
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It's either up to 3000 or the slow long slide down, nothing inbetween.
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Odrec
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Merit: 10
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November 22, 2013, 01:20:15 AM |
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A double correction with triple bubble with a small crash on the side.
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Beta-coiner1
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November 22, 2013, 01:22:48 AM |
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I'd actually be bullish.Google trends have exceeded April 2013.I don't think the rally is fake but obviously manipulators still do exist. |
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Odrec
Member
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Activity: 112
Merit: 10
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November 22, 2013, 01:30:19 AM |
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I'd actually be bullish.Google trends have exceeded April 2013.I don't think the rally is fake but obviously manipulators still do exist. Wouldn't the difference of price now affect adoption by noobs though? I mean on April normal people could actually buy some coins. At these prices many will probably be turned away because they won't be able to afford even one piece. |
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Poll
