The bubble has finished popping

[vpitcher07]

Anyone looking at the price history of bitcoin will know that we were in fact in a major bubble for some time. Everything about the chart cries bubble - we went up too high too fast. That being said this past few months of price stabilization around the mid $400s proves that we are in line for slow stable growth. I'd say slow steady growth and close to 1k by the end of the year. Coindesk had a good technical analysis of bitcoin although I'm not a huge believer in technical analysis when it comes to btc - the market is too sporadic. http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/

[1714773980]

1714773980

[1714773980]

1714773980

[Searing]

Anyone looking at the price history of bitcoin will know that we were in fact in a major bubble for some time. Everything about the chart cries bubble - we went up too high too fast. That being said this past few months of price stabilization around the mid $400s proves that we are in line for slow stable growth. I'd say slow steady growth and close to 1k by the end of the year. Coindesk had a good technical analysis of bitcoin although I'm not a huge believer in technical analysis when it comes to btc - the market is too sporadic. http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/

I hope like hell you are correct....tired of dreaming of 1k btc again all by my lonesome!

Searing

[piramida]

tired of dreaming of 1k btc again all by my lonesome!

why are you dreaming of something that has happened couple of months ago? dream bigger

[UglyTroll]

Keep dreaming, I hope you guys wouldn't get a nightmare 

[kireinaha]

I agree we might be at $1,000 by the end of the year, but only if we're deflating from the summer/autumn bubble of ~$5,000 and we're in the midst of a new "rock bottom" phase. 

[zimmah]

Anyone looking at the price history of bitcoin will know that we were in fact in a major bubble for some time. Everything about the chart cries bubble - we went up too high too fast. That being said this past few months of price stabilization around the mid $400s proves that we are in line for slow stable growth. I'd say slow steady growth and close to 1k by the end of the year. Coindesk had a good technical analysis of bitcoin although I'm not a huge believer in technical analysis when it comes to btc - the market is too sporadic. http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/

How are you a senior member?

Have you ever, even once, in the history of bitcoin seen slow linear growth?

I sure haven't.

Bitcoin has only shown 4 types of movement and in a very predictable pattern:

1) double exponential growth (very short rises in price in which the price goes up by 1 or 2 orders of magnitude in a month or less)

2) fast decline right after the peak (only happens right after a peak and often also after a second smaller peak, last for a couple of hours mostly, sometimes days, but never much longer)

3) horizontal price movement (often several months of low volatility and not much action, this is the normal behavior of bitcoin in between waves of growth)

4) steady linear decline (this is often seen the first month or two after growth, and often a couple of weeks or months before the next growth. Type 3 and 4 often follow each other up in a sequence and both usually last for months.

[atc1]

I don't know about stability. This pattern has been repeated over and over again. The price has been stable after a pop for quite a long time. This is to be expected from a bubble the size of December's which was HUGE! So,yeah,plenty of time for the price to shift,however,this stable price when Bitcoin is gaining popularity means more merchants will consider accepting it.

[Its About Sharing]

If the economies of the world were doing well, not to mention their monies, then the OP might be on to something with his term "bubble". But what we see happening, by definition, is not a bubble. Bubbles don't pop 4X or so. They pop and that is the end. Not trying to split hairs here but just because the price moved "hugely", that does not mean this is a bubble. But sure, it looks like one at first glance, not to mention the TV keeps (or kept) screaming that.

What we see happening here is a combination of price discovery while economies and currencies are nearing a turning point, dare I say collapse...

That said, I'm not sure we have seen a bottom. I can imagine us going down to the 300 ish level. Some Elliot Wave guys have said the same. I can also imagine us base-lining here for a bit. Hmmm...

IAS

[DeathAndTaxes]

But what we see happening, by definition, is not a bubble. Bubbles don't pop 4X or so. They pop and that is the end.

So there has only been one bubble in the stock market and since bubbles can only pop once there will never be a bubble in the future until the end of time?  Good to know. 

[vpitcher07]

Anyone looking at the price history of bitcoin will know that we were in fact in a major bubble for some time. Everything about the chart cries bubble - we went up too high too fast. That being said this past few months of price stabilization around the mid $400s proves that we are in line for slow stable growth. I'd say slow steady growth and close to 1k by the end of the year. Coindesk had a good technical analysis of bitcoin although I'm not a huge believer in technical analysis when it comes to btc - the market is too sporadic. http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/

How are you a senior member?

Have you ever, even once, in the history of bitcoin seen slow linear growth?

I sure haven't.

Bitcoin has only shown 4 types of movement and in a very predictable pattern:

1) double exponential growth (very short rises in price in which the price goes up by 1 or 2 orders of magnitude in a month or less)

2) fast decline right after the peak (only happens right after a peak and often also after a second smaller peak, last for a couple of hours mostly, sometimes days, but never much longer)

3) horizontal price movement (often several months of low volatility and not much action, this is the normal behavior of bitcoin in between waves of growth)

4) steady linear decline (this is often seen the first month or two after growth, and often a couple of weeks or months before the next growth. Type 3 and 4 often follow each other up in a sequence and both usually last for months.

We're seeing it right now....That predictable pattern is slowly changing.

[serenitys]

Just curious - probably (k, definitely) a n00bish question but if it's so easy to "test" and manipulate this market, what's the reason you all don't do X to drive the price way down to easy entry for whoever to buy up, and then do Y to drive it up where you want it and keep it there so it's not volatile? This is the one area that I'm having difficulty wrapping my head around. I hear how bitcoin market price is at the mercy of China and the IRS or Gox or whatever and people in a panic, and then expecting a surge upward when people settle down and buy in...because nobody buys when it's high.

So create FUD, price drops, load up...then more demand escalates the price.

Why would there need to be volatility. Everyone wants in on the low and to hold on the high. I get it...but if it's so easily manipulated why not just do that til people flock to it and ride it back up. You only lose if you cash out when it's at $2 so don't do that 

[bitcoinsrus]

Just curious - probably (k, definitely) a n00bish question but if it's so easy to "test" and manipulate this market, what's the reason you all don't do X to drive the price way down to easy entry for whoever to buy up, and then do Y to drive it up where you want it and keep it there so it's not volatile? This is the one area that I'm having difficulty wrapping my head around. I hear how bitcoin market price is at the mercy of China and the IRS or Gox or whatever and people in a panic, and then expecting a surge upward when people settle down and buy in...because nobody buys when it's high.

So create FUD, price drops, load up...then more demand escalates the price.

Why would there need to be volatility. Everyone wants in on the low and to hold on the high. I get it...but if it's so easily manipulated why not just do that til people flock to it and ride it back up. You only lose if you cash out when it's at $2 so don't do that  

Well, maybe there are too many buy orders when the price is low (enough like 339 or 100 or something).  Why sell all the coins to make it look like a dump when it can look more natural (peaks here and there etc.)  

[serenitys]

Right after I posted that, I went to the main area and found this thread - https://bitcointalk.org/index.php?topic=586667.80 - with a pretty good and reasonable explanation to what I was missing, namely, it's the traders keeping the prices at this or any other level...and if the people understand they're the ones influencing the price then it can be taken there 

[Its About Sharing]

But what we see happening, by definition, is not a bubble. Bubbles don't pop 4X or so. They pop and that is the end.

So there has only been one bubble in the stock market and since bubbles can only pop once there will never be a bubble in the future until the end of time?  Good to know. 

I'm trying to think of 1 stock that actually bubbled again and again.
I'm not talking about markets, I'm talking about individual stocks.

Can anyone think of a few? That would be good to know.

[N12]

But what we see happening, by definition, is not a bubble. Bubbles don't pop 4X or so. They pop and that is the end.

So there has only been one bubble in the stock market and since bubbles can only pop once there will never be a bubble in the future until the end of time?  Good to know. 

I'm trying to think of 1 stock that actually bubbled again and again.
I'm not talking about markets, I'm talking about individual stocks.

Can anyone think of a few? That would be good to know.

Some of the Dotcom bubble companies that survived.

[YipYip]

Anyone looking at the price history of bitcoin will know that we were in fact in a major bubble for some time. Everything about the chart cries bubble - we went up too high too fast. That being said this past few months of price stabilization around the mid $400s proves that we are in line for slow stable growth. I'd say slow steady growth and close to 1k by the end of the year. Coindesk had a good technical analysis of bitcoin although I'm not a huge believer in technical analysis when it comes to btc - the market is too sporadic. http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/

How are you a senior member?

Have you ever, even once, in the history of bitcoin seen slow linear growth?

I sure haven't.

Bitcoin has only shown 4 types of movement and in a very predictable pattern:

1) double exponential growth (very short rises in price in which the price goes up by 1 or 2 orders of magnitude in a month or less)

2) fast decline right after the peak (only happens right after a peak and often also after a second smaller peak, last for a couple of hours mostly, sometimes days, but never much longer)

3) horizontal price movement (often several months of low volatility and not much action, this is the normal behavior of bitcoin in between waves of growth)

4) steady linear decline (this is often seen the first month or two after growth, and often a couple of weeks or months before the next growth. Type 3 and 4 often follow each other up in a sequence and both usually last for months.

We have had 3 days of slow linear growth

I have never seen it do it before ...so maybe its a first ...lolz

I was so excited to see stability I have been driving everybody crazy by showing them charts

[Its About Sharing]

But what we see happening, by definition, is not a bubble. Bubbles don't pop 4X or so. They pop and that is the end.

So there has only been one bubble in the stock market and since bubbles can only pop once there will never be a bubble in the future until the end of time?  Good to know. 

I'm trying to think of 1 stock that actually bubbled again and again.
I'm not talking about markets, I'm talking about individual stocks.

Can anyone think of a few? That would be good to know.

Some of the Dotcom bubble companies that survived.

I know Akamai went from 6 bucks to 300 or so. But that was one bubble.
Which Dotcom companies had multiple bubbles, that is the question?

[mmortal03]

Anyone looking at the price history of bitcoin will know that we were in fact in a major bubble for some time. Everything about the chart cries bubble - we went up too high too fast. That being said this past few months of price stabilization around the mid $400s proves that we are in line for slow stable growth. I'd say slow steady growth and close to 1k by the end of the year. Coindesk had a good technical analysis of bitcoin although I'm not a huge believer in technical analysis when it comes to btc - the market is too sporadic. http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/

How are you a senior member?

Have you ever, even once, in the history of bitcoin seen slow linear growth?

I sure haven't.

Bitcoin has only shown 4 types of movement and in a very predictable pattern:

1) double exponential growth (very short rises in price in which the price goes up by 1 or 2 orders of magnitude in a month or less)

2) fast decline right after the peak (only happens right after a peak and often also after a second smaller peak, last for a couple of hours mostly, sometimes days, but never much longer)

3) horizontal price movement (often several months of low volatility and not much action, this is the normal behavior of bitcoin in between waves of growth)

4) steady linear decline (this is often seen the first month or two after growth, and often a couple of weeks or months before the next growth. Type 3 and 4 often follow each other up in a sequence and both usually last for months.

lol, there's always the time when it's different.

[JimboToronto]

tired of dreaming of 1k btc again all by my lonesome!

That's not dreaming.

It's facing an eventual reality.

[zimmah]

Anyone looking at the price history of bitcoin will know that we were in fact in a major bubble for some time. Everything about the chart cries bubble - we went up too high too fast. That being said this past few months of price stabilization around the mid $400s proves that we are in line for slow stable growth. I'd say slow steady growth and close to 1k by the end of the year. Coindesk had a good technical analysis of bitcoin although I'm not a huge believer in technical analysis when it comes to btc - the market is too sporadic. http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/

How are you a senior member?

Have you ever, even once, in the history of bitcoin seen slow linear growth?

I sure haven't.

Bitcoin has only shown 4 types of movement and in a very predictable pattern:

1) double exponential growth (very short rises in price in which the price goes up by 1 or 2 orders of magnitude in a month or less)

2) fast decline right after the peak (only happens right after a peak and often also after a second smaller peak, last for a couple of hours mostly, sometimes days, but never much longer)

3) horizontal price movement (often several months of low volatility and not much action, this is the normal behavior of bitcoin in between waves of growth)

4) steady linear decline (this is often seen the first month or two after growth, and often a couple of weeks or months before the next growth. Type 3 and 4 often follow each other up in a sequence and both usually last for months.

We're seeing it right now....That predictable pattern is slowly changing.

eh no it's not, it's still the same pattern, what makes you believe it changed?