Post
Topic
Board Speculation
Re: The Christmas 2015 Bubble
by
NorrisK
on 21/12/2015, 20:47:29 UTC
So when will this Xmas bubble start?  Soon I hope  Wink

Isn't it already in motion? Bitcoin price is more than $460 right now, 2 months ago it couldn't pierce the ceiling of $300 isn't it a bubble?
But if you look at bitcoin price charts, year by year you will see certain similarities - around December EVERY year bitcoin price is rising in similar fashion.
And in January we have huge drop. Coincidence?
I see it dropping right now. Surprised to wake up and see it at $443. That is a drastic drop overnight, well to me anyways.

If you think this is drastic you'll be in for a complete shock the next 2 days...

Drastic shock because the price shot back up to the same level in the same time?
This is just normal volatility for bitcoin, not something to be worried about.

We gain tens of dollars a day for multiple days in a row, but when we drop 20 dollars it is like hell freezes over. Sometimes I just don't get the logic here.