Quote from: hmmmstrange on November 07, 2013, 01:53:17 AM

Quote from: solex on November 07, 2013, 01:40:12 AM

Quote from: mvidetto on November 07, 2013, 01:31:50 AM

If this bubble can reach $1k, will it promptly create a crash from all of the sellers at that price point? Or will it begin much sooner ($500)?

Here's a "back of the envelope" theory:

Base to Peak ratios
Bubble 1: $1 to $30 (30x)
Bubble 2: $13 to $260 (20x)
Bubble 3: $120 to $1,200 (10x) Huh

Bubble 3: $120 to $1,680 (14x)

Actually they are not Bubbles, technically they were a run on the Bitcoin Bank, and what we have today is a lineup to deposit into the Bitcoin Bank. (given we don't charge interest, there is a market based enter fee for depositors, given the utility and limited supply.)

Bubbles pop, and mismanaged banks go bankrupt and there "customers" panic.

Bitcoin looks as strong as a bull and like it's here to stay