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Author Topic: The 2-Week Trading Bubble ?  (Read 1721 times)
StewartJ
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January 18, 2012, 05:45:14 PM
 #1

Seems like that's what we've gone through, an over-leveraged bubble.

Many had commented all along that we should of been trading in the $5 - $5.50 range:


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jwzguy
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January 18, 2012, 05:48:13 PM
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I wouldn't jump to any conclusions while the 24hr vol is still over 300k.


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StewartJ
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January 18, 2012, 05:51:03 PM
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I wouldn't jump to any conclusions while the 24hr vol is still over 300k.



Are you inferring there is enough volume to jump us back up again?  Or down?
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January 18, 2012, 06:03:17 PM
 #4

I'm implying not enough time has passed (since someone purposefully moved the price enough to force liquidation on Bitcoinica) to draw conclusions about where the price has ended up.

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StewartJ
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January 18, 2012, 06:05:01 PM
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I'm implying not enough time has passed (since someone purposefully moved the price enough to force liquidation on Bitcoinica) to draw conclusions about where the price has ended up.

Thanks for clarifying.
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January 18, 2012, 06:08:47 PM
 #6

To further clarify you might be absolutely correct. That was a very fast jump we had to 7. But my guess is that we will be over $6 by tomorrow. We shall see.  Cool

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January 18, 2012, 09:16:06 PM
 #7

This is not about tomorrow. This is about where will we be in 1-2 months.

I agree with the OP. We have very little data on what the market configuration is now, and we haven't had a classical panic yet, although the 6-7 area looked this unstable. Now, we had another event that only shows the immaturity of the market; this should correct the price down, not up.

Remember that Air France plane the pilots stalled at the highest they could push it? Once you start dropping you better stop pulling up fast, or you end the way that plane did. I would not push the price above 6 now. There's no clear indicator of money inflow and the market has been overconfident for a while, the ground may be much thinner than it looks.
Dutch Merganser
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January 19, 2012, 03:55:46 AM
 #8

There's no clear indicator of money inflow and the market has been overconfident for a while, the ground may be much thinner than it looks.

Yes, thin ground, excellent!  Wink

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this statement is false


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January 19, 2012, 04:08:01 AM
 #9

Seems like that's what we've gone through, an over-leveraged bubble.

Many had commented all along that we should of been trading in the $5 - $5.50 range:




i completely agree with this analysis.

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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Sargasm
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January 19, 2012, 05:10:13 AM
 #10

The only HuhHuh would be total new dollars to the market.

Which... is a moderately large Huh??.

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.
antoineph
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January 19, 2012, 05:13:23 AM
 #11

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?
Sargasm
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January 19, 2012, 05:20:14 AM
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That guy with the money?
RyNinDaCleM
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Legen -wait for it- dary


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January 19, 2012, 05:20:42 AM
 #13

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?

Bounty?

Sargasm
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January 19, 2012, 05:32:49 AM
 #14

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

Great idea! who's paying?

Bounty?

I'll be game for $100 once BTC hits $10.
StewartJ
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January 19, 2012, 06:13:17 AM
 #15

The only HuhHuh would be total new dollars to the market.

Which... is a moderately large Huh??.

Since it's all pretty much speculation at this point... I say we buy a billboard in NYC touting the awesomeness of BTC.

That would be cool.
Elwar
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www.bitpools.com


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March 22, 2013, 12:56:11 AM
 #16

$5.0 to $7.0 in 2 weeks! That is a huge rise. Must be a bubble!

I wonder what happened after that.

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Tirapon
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March 22, 2013, 01:08:51 AM
 #17

Nice bump.
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March 22, 2013, 01:32:41 AM
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March 22, 2013, 01:33:55 AM
 #19

$5.0 to $7.0 in 2 weeks! That is a huge rise. Must be a bubble!

well just like $50.00 to $70.00 in 2 weeks... err days

and just like $500.00 to $700.00 soon  Cool


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RyNinDaCleM
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Legen -wait for it- dary


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March 22, 2013, 01:37:48 AM
 #20



That was a good day of scalping! Oh, the memories  Cry
meelba was the idiot who shorted then announced it BEFORE closing his position. He was then squeezed with total loss of about $17k

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