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Title: Bubble Burst in the nearby future? Post by: sciter on June 14, 2011, 12:14:02 PM http://www.notesbit.com/index.php/finance/economy/stages-of-recession-economy-hyman-minsky%E2%80%99s-seven-bubble-stages/
According to the Minsky stages of recession you could say that we are at stage 4 with the bitcoin, aren't we? http://bitcoincharts.com/charts/chart.png?width=716&m=mtgoxUSD&k=&r=60&i=&c=0&s=&e=&Prev=&Next=&v=1&cv=0&ps=0&l=0&p=0&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&SubmitButton=Draw& You can see that the market accelerates, do you think the bubble will burst? If yes, when? Will you think the Bitcoin will make a comeback after the possible recession? Give me your expert or amateur's opinion. I personally don't know the answers to my questions, thats why I ask them you. Title: Re: Bubble Burst in the nearby future? Post by: Alex Beckenham on June 14, 2011, 12:17:27 PM My amateur opinion is that to ask that question, you first have to ask whether bitcoin prices is even experiencing a bubble.
Then you can ask about it bursting. Title: Re: Bubble Burst in the nearby future? Post by: andes on June 14, 2011, 12:18:22 PM According to the Minsky stages of recession you could say that we are at stage 4 with the bitcoin, aren't we? Think of the bitcoin market as a 30 day old human embrio, with tail and fins. If you where an alien, could you predict the final form of the adult individual just by looking at the embrio, without having seen another similar species before? http://i.ehow.com/images/a04/d0/gj/what-human-embryo-development-800X800.jpg Forget about what old aliens say about the development of tadpoles in planet Frogger XI. Title: Re: Bubble Burst in the nearby future? Post by: hugolp on June 14, 2011, 12:20:19 PM How is the exchange USD-BTC going down a recession?
Title: Re: Bubble Burst in the nearby future? Post by: sciter on June 14, 2011, 12:25:02 PM How is the exchange USD-BTC going down a recession? According to Minsky, not yet but It will be.Title: Re: Bubble Burst in the nearby future? Post by: sciter on June 14, 2011, 12:33:32 PM My amateur opinion is that to ask that question, you first have to ask whether bitcoin prices is even experiencing a bubble. I believe it is.Then you can ask about it bursting. Title: Re: Bubble Burst in the nearby future? Post by: MikesMechanix on June 14, 2011, 12:42:07 PM Looking at the market depth, it looks more like it's going to go up soon.
Title: Re: Bubble Burst in the nearby future? Post by: sciter on June 14, 2011, 12:51:52 PM Yes, and according to Minsky, that is one sign of a coming recession.
Extra question by the way: How long do you think the Bitcoin-market will last? Sorry for all the questions, I am just curious and I am yet too take a decision whether I will invest in a mining rig or not. Title: Re: Bubble Burst in the nearby future? Post by: rebuilder on June 14, 2011, 01:01:38 PM The only way to find out is to wait and see.
Title: Re: Bubble Burst in the nearby future? Post by: bittersweet on June 14, 2011, 01:05:27 PM Here is a long term picture for you:
http://img534.imageshack.us/img534/3981/longlog.gif Personally I think speculators will be stuck below 25 USD for a looong time. Title: Re: Bubble Burst in the nearby future? Post by: kiba on June 14, 2011, 01:05:57 PM You mention a bitcoin bubble, you get a bitcoin bubble comic. (http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value)
Title: Re: Bubble Burst in the nearby future? Post by: sciter on June 14, 2011, 04:49:14 PM So you guys, amateurs or ''experts'', think it would be profitable to invest a rig?
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