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Author Topic: New paradigm - the bubble that never pop?  (Read 7156 times)
pera
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November 23, 2013, 09:48:11 PM
 #41

Still going up, it's amazing. But I still don't understand it, can someone explain this behavior?




low volume, big drops, bearish depth chart, price keep going up / stay stable...  Huh

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November 23, 2013, 09:52:08 PM
 #42

Still going up, it's amazing. But I still don't understand it, can someone explain this behavior?

It doesn't really cost much to prop up the price a little after a dump. When dumping into a low slippage orderbook like that it would even be stupid not to.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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November 23, 2013, 10:27:32 PM
 #43

What's to explain? Limited supply, rising demand, therefore rising price. Low volume also means low local availability of limited supplies, which pushes the price up more than if there was a high volume. The downside to low volume is higher volatility, but this problem will disappear over time as the available funds are spread over more hands.

There is no bubble.
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November 23, 2013, 10:36:25 PM
 #44

Still going up, it's amazing. But I still don't understand it, can someone explain this behavior?
low volume, big drops, bearish depth chart, price keep going up / stay stable...  Huh

Penny stock. When Bitcoin will worth $100,000/btc then it will change.
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November 23, 2013, 10:46:42 PM
 #45

Still going up, it's amazing. But I still don't understand it, can someone explain this behavior?
low volume, big drops, bearish depth chart, price keep going up / stay stable...  Huh

There are a lot of 15 years old children, who mined thousand of BTC 2 years ago. :-)  Or they are mining LTC now and sell LTC for BTC (another noobs buy this ALT shit) ... and finally they sell BTC for USD to you.
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November 24, 2013, 01:32:19 AM
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aahaaha everyones face now!

TERA
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November 24, 2013, 01:38:03 AM
 #47

It's not "the bubble that doesn't pop". It's "the bubble that isn't over". This is a consolidation before the next leg up.
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November 24, 2013, 01:40:47 AM
 #48

It's not "the bubble that doesn't pop". It's "the bubble that isn't over". This is a consolidation before the next leg up.

You can not pop the bubble.  That is impossible.  Instead, you must realize the truth.

What truth?

There is no bubble.  Then you will see it is not the bubble that pops, it is yourself.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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November 24, 2013, 03:18:28 AM
 #49

It's not "the bubble that doesn't pop". It's "the bubble that isn't over". This is a consolidation before the next leg up.

You can not pop the bubble.  That is impossible.  Instead, you must realize the truth.

What truth?

There is no bubble.  Then you will see it is not the bubble that pops, it is yourself.

epic

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Qoheleth
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November 24, 2013, 09:02:31 PM
 #50

Memories are short, it seems.

The first BTC bubble, in 2011, was two months from kick-off to peak.

The second BTC bubble, which should be so recent as to be fresh in your memories, lasted three months.

As for the present trend, it's only been six weeks since big upwards movement began. Why is it mystifying that we haven't gone from binge to hangover when the night is still young?

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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November 24, 2013, 09:07:36 PM
 #51

Memories are short, it seems.

The first BTC bubble, in 2011, was two months from kick-off to peak.

The second BTC bubble, which should be so recent as to be fresh in your memories, was three months.

As for the present trend, it's only been six weeks since big upwards movement began. Why is it mystifying that we haven't gone from binge to hangover when the night is still young?

What's considered the 'kickoff' for these estimates?
Qoheleth
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November 24, 2013, 09:15:58 PM
 #52

Memories are short, it seems.

The first BTC bubble, in 2011, was two months from kick-off to peak.

The second BTC bubble, which should be so recent as to be fresh in your memories, was three months.

As for the present trend, it's only been six weeks since big upwards movement began. Why is it mystifying that we haven't gone from binge to hangover when the night is still young?

What's considered the 'kickoff' for these estimates?
Totally non-rigorous "look at this CHART" eyeballing. In all three cases, prices are basically level or declining for at least a week, and then you see (on a logarithmic scale) a diagonal line going sharply up that keeps going (with the occasional quickly-recovered flash-crash) all the way to the top.


Apr-Jun 2011


Jan-Apr 2013


Oct 2013-Today

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
billym2k
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November 24, 2013, 09:26:52 PM
 #53

Hm yeah. Seems to have begun after Silk Road so we're nearing 2 months into it.
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November 24, 2013, 09:29:13 PM
 #54

I forgot that the bubble in april lasted 2 months. I don't know why but it seemed it was really quick and also really really obvious.
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November 24, 2013, 10:56:03 PM
 #55

I forgot that the bubble in april lasted 2 months. I don't know why but it seemed it was really quick and also really really obvious.

I think because it was a pretty slow and gradual upwards momentum for the first few weeks until the very last day or two when it went parabolic and finally crashed. Whereas this time around, we`ve already seen it go parabolic and correct itself, and then back up again almost immediately.

Night gathers, and now my bitcoinwisdom watch begins.
John999
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November 25, 2013, 12:04:24 AM
 #56

I forgot that the bubble in april lasted 2 months. I don't know why but it seemed it was really quick and also really really obvious.

I think because it was a pretty slow and gradual upwards momentum for the first few weeks until the very last day or two when it went parabolic and finally crashed. Whereas this time around, we`ve already seen it go parabolic and correct itself, and then back up again almost immediately.

Yes that's true. That's why it's trickier this time.
pera
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November 26, 2013, 07:58:46 PM
 #57



So, the new paradigm is real?! no more corrections from this point?

キタ━━━━(゚∀゚)━━━━ッ!!
piramida
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November 26, 2013, 08:00:17 PM
 #58

everything pops, but noone knows how high this one would run first. The 900 obviously was just a stop on the way up.

i am satoshi
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November 26, 2013, 08:01:05 PM
 #59

If it doesn't stabilize above 900$, IMO it will pop.

Sometimes, if it looks too bullish, it's actually bearish
Ibian
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November 26, 2013, 08:25:12 PM
 #60

If it doesn't stabilize around $70, it's gonna crash hard.

There is no bubble.
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