Post
Topic
Board Speculation
Re: When will October's bubble burst?
by
somestranger
on 19/10/2013, 23:45:25 UTC
April:
7th - BTC rose $20
8th - BTC rose $24
9th - BTC rose $44
10th - CRASH!

October:
17th - BTC rose $6
18th - BTC rose $20
19th - Trading hasn't finished, but it's looking like another $20 day.

This rapid rise is accelerating at an unsustainable rate.  When will this bubble burst?
The rises in April were massive because the rally started around $15. In percentage terms we are nowhere near such a high rate of growth, although this is definitely unsustainable. I see a series of mini-bubbles like the past few days leading us to $200-300 by the end of the year.