New paradigm - the bubble that never pop?

[pera]

Wow! just wow, what the fuck is going on here? how is this possible?? yesterday I expected a a rebound to 650, max 700, but not to this: we are still going up  
At this point I'm thinking if it would be possible to keep going up until 1000 and stay there, seems ridiculous since never happened before in Bitcoin... does anyone knows about an extreme fast peak that never went down?  

Even the log graph shows we are above the expected price for this period, but what happen if the market is accelerating exponentially? are we going to keep growing from this point?



I can't understand this anymore, it doesn't seems real, why now? the only thing I can do with my btcs now is paying for delivery service, some web services, and buying some giftcards... but well, now it seems obvious that is not about what you can do with btcs but that "everybody knows" that bitcoin is going to keep growing til at least 100.000!
And now I can only think that maybe China is going to adopt Bitcoin for real, letting millionaires all around the world inject money to their banks without asking shit, a la Switzerland!

should I turn bull again? are we in a real new paradigm?

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[windjc]

I'm not sure why but this post cracks me up. You sound a little like a foreign cartoon character.

"Super" Paradigm to the moon!

[vitalemontea]

Chinese just buy and hold, they don't day trade

[MAbtc]

Yep, new paradigm in effect. Some around the forum are advising others to take mortgages on their houses to buy bitcoins. Lunacy.

New paradigm!!!

[antimattercrusader]

Time (not discrete as I found out on another post) will tell what happens, but there is no law of physics that forbids the current price to hold and be the new base. Although I think that chart is a bit off.

[wobber]

If price soars 750 on bitstamp people should sell a kidney, do 2-3 mortgages, take some loans, sell their car and buy Bitcoins!

[sgbett]

...does anyone knows about an extreme fast peak that never went down?  ...

Small Pharmaceuticals do it... sometimes....

[bitcon]

i'm telling you guys. this time its different.  

[Mirsad]

i'm telling you guys. this time its different.  

Yeah. We are going to the moon. 

[Ibian]

Come on people, how often does it need to be said? Not a bubble. Demand is increasing, supply is limited, ever rising price is exactly what is to be expected.

[torrentheaven]

"everybody knows" that bitcoin is going to keep growing til at least 100.000!

This. Why sell now  

[MoreFun]

Playing the bear game is the stupidest thing one can do (same is true also for bulls if conditions are met, but surely not now). I learnt that and probably many on the forum. You better to learn on small money than big one. You play the bear game when you made a bad trade and want the price to go down. It is all psyhological and your emotions are a big part of this.

You need to observe the market. Publicity is high, trend was up, serious and not pocket money started appearing (maybe this was not seen on gox so much because of their problems), lots of hoarding, mentality changed on the forum...

Imagine playing a bear at $100, $150, $250... Till now. It would hurt my heart being an emotional bear to not ride this train. Anyhow, many are still lonely bears after SR, many bough back.

And yea, maybe it is not so different than prevoius rides, but this one is definetely not the same. Make a plan and stick to it when you make a good trade. Remember we can go 100x higher, but you can only lost max 1x.

Chooo chooooo.

[donjoe]

Wow! just wow, what the fuck is going on here? how is this possible?? [...] I can't understand this anymore, it doesn't seems real, why now?

^--- This.

should I turn bull again? are we in a real new paradigm?

As a general rule, you should always try to have a percentage of your play money invested in BTC in direct proportion to how probable you think it is that the price will rise. At this point, the graph is doing things we've never(?) seen it do before, so I wouldn't assign any overwhelming probabilities to any outcome yet. It's probably OK to start cautiously getting back in, but this isn't a good time to bet the farm - it's still possible somebody's playing us.

[Boxman90]

Remember we can go 100x higher, but you can only lost max 1x.

With lottery tickets we can go 10.000.000x, but you can only lose max 1x.

Better all hoard lottery tickets.

[vps15]

whats the big deal? someone had enough and sold off. maybe its shaken the market for a few days, but nothing detrimental. spineless noobs are selling now, but as confidence comes back the upward motion will overtake this weakness and it will finally be time to eat 1000

[barbs]

it's unreal how fast it's growing.

[MoreFun]

Remember we can go 100x higher, but you can only lost max 1x.

With lottery tickets we can go 10.000.000x, but you can only lose max 1x.

Better all hoard lottery tickets.

Lottery tickets odds are always much against you, bitcoin odds growth was historical always greatly on your side and paid off and potential could be seen as high even today if not year ago.

[gusti]

Yep, new paradigm in effect. Some around the forum are advising others to take mortgages on their houses to buy bitcoins. Lunacy.

New paradigm!!!

Selling one's kidney, maybe ?

[Cryddit]

I've figured out a valuation theory of Bitcoin.   It may turn out to be wrong but it is completely okay with the current state of affairs.

In a nutshell we are looking at the result of people hoarding coin.  The price is inflated for the value its providing now but it's still not up to the value it can provide eventually.

The fact is that Bitcoin solves a multi trillion dollar need for a way to transfer funds.  It isn't there yet though.  Right now it's providing maybe a few tens of millions in value and the rest of the price is due to hoarding.

[raskolnikovx]

Sell some when Bitcoin is this high and rebuy when cheeper. I think its gonna get stable somewhere between 500 and 600 ...