Ibian
Legendary
 Offline
Activity: 2268
Merit: 1278
|
 |
November 23, 2013, 10:27:32 PM |
|
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.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
|
|
|
|
|
|
|
I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
|
|
November 23, 2013, 10:36:25 PM |
|
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...  Penny stock. When Bitcoin will worth $100,000/btc then it will change. |
|
|
|
|
Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
|
|
November 23, 2013, 10:46:42 PM |
|
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... 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. |
|
|
|
|
Mondy
Member
Offline
Activity: 112
Merit: 10
|
|
November 24, 2013, 01:32:19 AM |
|
aahaaha everyones face now! |
|
|
|
|
TERA
|
|
November 24, 2013, 01:38:03 AM |
|
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.
|
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
November 24, 2013, 01:40:47 AM |
|
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. |
|
|
|
shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
|
|
November 24, 2013, 03:18:28 AM |
|
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 |
"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
|
|
|
Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
|
|
November 24, 2013, 09:02:31 PM |
|
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.
|
|
|
|
billym2k
|
|
November 24, 2013, 09:07:36 PM |
|
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
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
|
|
November 24, 2013, 09:15:58 PM |
|
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
|
|
November 24, 2013, 09:26:52 PM |
|
Hm yeah. Seems to have begun after Silk Road so we're nearing 2 months into it.
|
|
|
|
|
|
kireinaha
|
|
November 24, 2013, 10:56:03 PM |
|
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.
|
|
|
pera (OP)
Sr. Member
Offline
Activity: 532
Merit: 261
バカ
|
|
November 26, 2013, 07:58:46 PM |
|
 So, the new paradigm is real?! no more corrections from this point? |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
|
|
|
piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
|
|
November 26, 2013, 08:00:17 PM |
|
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
|
|
|
Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
|
|
November 26, 2013, 08:01:05 PM |
|
If it doesn't stabilize above 900$, IMO it will pop.
|
Sometimes, if it looks too bullish, it's actually bearish
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
November 26, 2013, 08:25:12 PM |
|
If it doesn't stabilize around $70, it's gonna crash hard.
|
Look inside yourself, and you will see that you are the bubble.
|
|
|
pera (OP)
Sr. Member
Offline
Activity: 532
Merit: 261
バカ
|
|
December 18, 2013, 09:18:51 PM |
|
so... it was a nice ride and I've learned important things and made some profits  I only hope the Chinese government change this stupid policy in the near future. |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
|
|
|
piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
|
|
December 18, 2013, 10:47:18 PM |
|
If it doesn't stabilize around $70, it's gonna crash hard.
if it goes to 70, there will be no bitcoin anymore. but it won't. |
i am satoshi
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
December 20, 2013, 08:12:48 AM |
|
If it doesn't stabilize around $70, it's gonna crash hard.
if it goes to 70, there will be no bitcoin anymore. but it won't. Bullshit, the price could go to a cent and Bitcoin would be doing fine. 70 isn't even that far away, it's just the base of this bubble. I know who's the real weak hand... |
|
|
|
|
Zarathustra
Legendary
Offline
Activity: 1162
Merit: 1004
|
|
December 20, 2013, 08:28:31 AM |
|
If it doesn't stabilize around $70, it's gonna crash hard.
if it goes to 70, there will be no bitcoin anymore. but it won't. Bullshit, the price could go to a cent and Bitcoin would be doing fine. 70 isn't even that far away, it's just the base of this bubble. I know who's the real weak hand... Bullshit, as long as Bitcoin is doing fine, it cant' go to a cent. |
|
|
|
|
|
