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Title: We are in an Unsustainable Bubble Post by: chiropteran on April 15, 2013, 04:07:48 PM Each day that the bitcoin price remains fairly stable, and doesn't deviate by more than 15% from $100, bitcoin speculator boredom increase. Furthermore, this increase is exponential, the actual boredom level is doubling with each consecutive day. You don't need to be a rocket scientist to realize that this sort of bubble can't last forever.
https://i.imgur.com/PiBjC3x.png In a matter of days, the boredom level will exceed all realistic limits for boredom. I expect a spectacular crash in stability in the next few days. Title: Re: We are in an Unsustainable Bubble Post by: bomboclat77 on April 15, 2013, 04:11:22 PM Find a hobby 8)
Title: Re: We are in an Unsustainable Bubble Post by: ElectricMucus on April 15, 2013, 04:11:30 PM Ahahaha nice :)
Title: Re: We are in an Unsustainable Bubble Post by: BitSlut69 on April 15, 2013, 04:13:01 PM Whether bull or bear, we're all speculators at this point, even if we're speculating long term.
Where do I find this boredom measurement charted on the exchanges? ::) Title: Re: We are in an Unsustainable Bubble Post by: el_rlee on April 15, 2013, 04:23:21 PM What prevents the game from starting over again?
Title: Re: We are in an Unsustainable Bubble Post by: warpio on April 15, 2013, 04:26:29 PM bitcoin is more useful as a currency if it's not fluctuating, which means more people will feel comfortable holding their coins as opposed to selling them for speculation.
Title: Re: We are in an Unsustainable Bubble Post by: Wuji on April 15, 2013, 04:27:12 PM Each day that the bitcoin price remains fairly stable, and doesn't deviate by more than 15% from $100, bitcoin speculator boredom increase. Furthermore, this increase is exponential, the actual boredom level is doubling with each consecutive day. You don't need to be a rocket scientist to realize that this sort of bubble can't last forever. In a matter of days, the boredom level will exceed all realistic limits for boredom. I expect a spectacular crash in stability in the next few days. Pretty chart however, without knowing the source of "boredom levels" it seems rather meaningless. I think it is important to point out that from $50 March 17th to the $266 high was a massive bubble which many of us called and made hefty profit on. The current $100 level is not from all the news etc. in the past month. It has been a steady linear rise since January. As people are buying coins daily to use them for real purposes I don't think anyone has a clue what the real value is. However, I think it is important to set the context as I have outlined that the $100 price may or not be a bubble and you failed to offer any tangible evidence one way or the other. I'm 50/50 on it and not sure. However, I feel safe buying back at $90 as in the next year or so I easily believe we will see over $100 again. Even if I just sell at $120 6 months from now that is 20% which most investors dream of in 6 months. I'd be surprised if we go below the last low at $56. Title: Re: We are in an Unsustainable Bubble Post by: Newscastix on April 15, 2013, 04:28:32 PM High boredom level here... i want some price action...
Up or down.. either way is fine with me :D Title: Re: We are in an Unsustainable Bubble Post by: mgio on April 15, 2013, 04:33:31 PM nice one.
you do have a point though. some people like myself have a lot of cash in their mtgox account waiting for a dip to buy. eventually i'll figure it's not going anywhere and i'll just start buying. Title: Re: We are in an Unsustainable Bubble Post by: pretendo on April 15, 2013, 06:11:00 PM is this satire
Title: Re: We are in an Unsustainable Bubble Post by: Bit_Happy on April 15, 2013, 06:16:38 PM Good one :)
Title: Re: We are in an Unsustainable Bubble Post by: cbeast on April 15, 2013, 06:29:17 PM is this satire Poes's Law.Title: Re: We are in an Unsustainable Bubble Post by: 1m1nd on April 15, 2013, 08:37:15 PM boredcoin
Title: Re: We are in an Unsustainable Bubble Post by: shad0wbitz on April 15, 2013, 08:57:14 PM I'm actually with you. Pay no attention to the diluted bulls: they have to keep dreaming, or they will through themselves through a window.
Bitcoin will hit $35-47 by the end of the week, with a MASSIVE sell off this weekend. Price will go to $5. Title: Re: We are in an Unsustainable Bubble Post by: Spaceman_Spiff on April 15, 2013, 09:25:22 PM I'm actually with you. Pay no attention to the diluted bulls: they have to keep dreaming, or they will through themselves through a window. Bitcoin will hit $35-47 by the end of the week, with a MASSIVE sell off this weekend. Price will go to $5. Bulls are diluted now? I though only fiat was being diluted... ;) |
