i have exactly same sentiments and somehow feel much more confident than last year... i just went all in with my last fiat that i was keeping for another bottom, could've waited for another dip to squeeze few more coins but decided not worth the stress to keep chasing lower lows since i still think this is a good deal compared to your current trendline so this was 30% discount deal... i couldn't be more thankful to those fudsters for giving us another opportunity to get some cheap coins...
also once we breach next bubble peak i think next year mbtc is going to become the next btc...
It is possible. The final parabolic ascent of the bubble goes as quickly as 100+% per week and the very top can be 50-100% per day (or as in 2013-11-18 in China: +133% in the final day). If we steadily rise to $3000 in the following 5 months, and then rise +100% for 4 weeks, and the final day is again +100%, then we are at $100,000.
What has happened before, can happen again, and - I don't know why - but with Bitcoin I have the feeling that the probability of something repeating is higher than random. I just bought a castle with the money I earned by assuming that the 11/2013 bubble will be similar to 4/2013 bubble, which it was.
The previous superbubble was in Jun 2011 (instead of -12), which is why some of us don't understand your chart.
The probability might be quite high, because everybody knows about Bitcoin now and the bubble is nothing else but a self-reinforcing feedback loop, and we have already seen similar behavior.
also once we breach next bubble peak i think next year mbtc is going to become the next btc...
The top of the next bubble would peak around 100,000 USD/XBT at around end of September 2014 (6 months from now).
It is possible. The final parabolic ascent of the bubble goes as quickly as 100+% per week and the very top can be 50-100% per day (or as in 2013-11-18 in China: +133% in the final day). If we steadily rise to $3000 in the following 5 months, and then rise +100% for 4 weeks, and the final day is again +100%, then we are at $100,000.
What has happened before, can happen again, and - I don't know why - but with Bitcoin I have the feeling that the probability of something repeating is higher than random. I just bought a castle with the money I earned by assuming that the 11/2013 bubble will be similar to 4/2013 bubble, which it was.
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The image (BiscoinWisdom: MtGox 3 days log chart (background and faded, timescale on top) vs Bitstamp 3 days log chart (front, timescale at the bottom), merged with a simple photoshop resize) simply shows that the shape of the two 2013 bubbles is quite the same than the two pre-bubbles of 2011 that ended in the superbubble of Jun 2012.
The previous superbubble was in Jun 2011 (instead of -12), which is why some of us don't understand your chart.
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So the possibility of a new superbubble in 2014 exists.
I don't know the probability (nobody, in fact), but the possibility exists.
I don't know the probability (nobody, in fact), but the possibility exists.
The probability might be quite high, because everybody knows about Bitcoin now and the bubble is nothing else but a self-reinforcing feedback loop, and we have already seen similar behavior.