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Title: 2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet Post by: gweedo on April 10, 2013, 09:58:21 PM http://www.pcmag.com/article2/0,2817,2417649,00.asp
Quote It took decades for Tulipmania to peak and crash and years for the recent housing bubble to burst. But the meteoric, week-old bull market for Bitcoins appears poised to tank at a hyper-accelerated pace. Just a day after Bitcoin prices were reaching $266, per trading site Mt. Gox, the bubble showed signs of popping violently for the virtual currency. Bitcoins were trading at a weighted average of $210 on the site as of Wednesday afternoon, but hit a low of $105 in the most recent hours of activity. Title: Re: 2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet Post by: Elwar on April 10, 2013, 10:05:19 PM Good, now if all of the articles say that the Bitcoin bubble popped, their future articles talking about a bubble will be even more silly.
Title: Re: 2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet Post by: eric345 on April 10, 2013, 10:13:16 PM Good, now if all of the articles say that the Bitcoin bubble popped, their future articles talking about a bubble will be even more silly. I thought that the bubble popped back in 2011. Title: Re: 2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet Post by: Mike Christ on April 10, 2013, 10:15:41 PM Price settling around 130 for now.
Looks like tomorrow we'll be in another bubble. Title: Re: 2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet Post by: Wekkel on April 10, 2013, 10:19:55 PM The Tulip Mania was 1634-1637 if I understand correctly, so what's about 'decades'?
Title: Re: 2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet Post by: nobbynobbynoob on April 10, 2013, 10:20:41 PM Price settling around 130 for now. Looks like tomorrow we'll be in another bubble. Bull trap. ;D Looks like proudhon, evolve, hgmichna, etc. are/were at least half right. We'll be back to 40 bucks tomorrow. ;D But if the basics underlying Bitcoin haven't changed, it's still something to be celebrated. Sure, I missed the "opportunity" to speculate and buy fiat before this "bubble" burst, but I'll be pretty happy if I can snaffle up some more 'coin at 40 bucks a piece. What are my chances? ;D Title: Re: 2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet Post by: BkkCoins on April 11, 2013, 06:34:38 AM The Tulip Mania was 1634-1637 if I understand correctly, so what's about 'decades'? I don't even think it was really that long. Mainly just one winter if I recall and it was primarily in contracts not physical bulbs. And there seems to be controversy over what real info there is as mostly what is known isn't even well documented.But let's not let reality interfere with the guys who keep mouthing about Tulips as the parallel. |