Bitcoin Forum

I just bought in  :D

 :D

Panic buying is indeed starting to build up.

I panic buy since 200$.

See when I get that feeling like "maybe I should buy in before it goes higher," I tend to resist it. I consider that me starting to give into the frenzy.

when you say you just bought in, did you purchase a full Bitcoin?  I'm just trying to get a sense of what other people are doing right now.  I'm also watching the .00455984 BTC thats in my wallet from filling out surveys, websurfing, and watching vids, grow and grow and grow. This is crazy I just keep watching the ticker go up like something in GTA 5. : ;)

Funny how most people share the same feeling, it's like every time you decide to buy the price somehow dips/corrects/crashes/bubble pops. It just proves how volatile Bitcoin prices are, which is why "buy and hold long term" works best for Bitcoin.

I am just wondering - why everyone keeps calling it a "bubble"?

When you are a "Bear" (someone who wants bitcoin to go down in price for unimaginable reasons) everything looks like a bubble.

I panic bought 10 BC at 410 USD. Thought I was overpaying a bit :)

When you are in a bubble, everythink loogs like a bear.

Also I think "bubble" is the closest term that anyone can relate to the trend.  Kind of like when people say "Its a tomato bisque soup" .  Is it really a bisque though? Do you know what a bisque is? lol ;D

Bubble is something that grows and then blows up, but only once. Bitcoin is not a bubble, it's more like a working lung :)

thanks for replies - still don't know why it's supposed to be a bubble. I have no idea how one can evaluate what BTC is worth. Some people try to force into the same category as Microsoft shares or something it seems......

I don't buy often. But when I do, I panic buy.

True Story :D
But I think the panic buying still has to come...

Well that definition is entirely wrong :\

So the US housing market didn't just experience a bubble?

IMO the current value is based on the expectation that bitcoin is going to be the internet money of the future.
We are all betting on that.
As time goes on and it becomes more commonly adopted and accepted it looks more and more like that it is actually going to be true, and more and more people are willing to make that bet.

Its like if you could buy shares of the internet when it was tiny, and only nerds could envision its future.

Well it seems everyone is ready for a Bubble this time so maybe it's up up up from here on out with a Big crash from like $10,000 down to $5,000.

It's not even a definition. This is a wrong statement nothing more. Still I don't believe term bubble applies to bitcoin. it can lose and gain multiple times, but large margins before it stabilizes, so trying to apply 'meta stock' type of rules to it is exercise in futility

By the way, it worked!  :D