Title: I guess this is what we see happen now Post by: dille71 on December 18, 2013, 09:25:00 AM I read this a couple of weeks ago and it seem to be exactly what is happening.
http://www.cryptocoinsnews.com/2013/11/20/bitcoin-hype-cycle/ Title: Re: I guess this is what we see happen now Post by: mmortal03 on December 18, 2013, 10:58:11 AM I read this a couple of weeks ago and it seem to be exactly what is happening. http://www.cryptocoinsnews.com/2013/11/20/bitcoin-hype-cycle/ Yeah, this is a very common theory that people have posted about time and time again, this one has just tried to put it in literal bitcoin market terms. Title: Re: I guess this is what we see happen now Post by: piramida on December 18, 2013, 11:00:58 AM and the last three times this is what happened too, right?
Title: Re: I guess this is what we see happen now Post by: EvilPanda on December 18, 2013, 11:16:50 AM I read this a couple of weeks ago and it seem to be exactly what is happening. This is what happen's at least three times a year.http://www.cryptocoinsnews.com/2013/11/20/bitcoin-hype-cycle/ Title: Re: I guess this is what we see happen now Post by: Bitbuy on December 18, 2013, 11:18:52 AM So it looks like we're going through these steps right now then:
Step 9. Noobs see value plummeting, panic, and sell (often at a loss) Step 10. Price bottoms out, but not below where it started Step 11. Veterans hike down into the crater and buy, buy, buy. Step 12. Price stabilizes a little bit; noobs think “I’m an idiot”; feel burned and get out of Bitcoin. But some stay. Title: Re: I guess this is what we see happen now Post by: dille71 on December 18, 2013, 11:29:10 AM and the last three times this is what happened too, right? Yes but this time it was allot more hype Title: Re: I guess this is what we see happen now Post by: BCEmporium on December 18, 2013, 11:34:47 AM and the last three times this is what happened too, right? Yes but this time it was allot more hype Each hype is bigger than the previous. The first one was up to 32, the second to 170, this to 1200. Can't wait to see where the next will lead to! Title: Re: I guess this is what we see happen now Post by: rebuilder on December 18, 2013, 11:43:09 AM Each hype is bigger than the previous. The first one was up to 32, the second to 170, this to 1200. Can't wait to see where the next will lead to! In percentage terms, the crash of April '13 was smaller than the slide down from the '11 high. IIRC, the very bottom was still about twice as high as it would have needed to go to go as deep as in '11, as a percentage of the peak. Now, in April, the bottom on Bitstamp was, if my data is right, about 17% of the peak. That means that if we stay above 197 USD or so this time, the crash will have been less deep again. We're about to get another data point on the idea that free markets will stabilize themselves. Edit: Incidentally, the current low of 382ish is again about twice as high as the low would be, were this crash to go as deep as the April one did. Title: Re: I guess this is what we see happen now Post by: Bitbuy on December 18, 2013, 11:43:24 AM Next one can only be 10K then!
Title: Re: I guess this is what we see happen now Post by: wobber on December 18, 2013, 11:58:27 AM Next one can only be 10K then! But it won't be. Too much speculation. How many times can you re-inflate the same used condom? Title: Re: I guess this is what we see happen now Post by: Hunterbunter on December 18, 2013, 12:22:33 PM As many times as it takes for people to stop thinking it'll protect you against anything.
Title: Re: I guess this is what we see happen now Post by: piramida on December 18, 2013, 09:07:08 PM Next one can only be 10K then! But it won't be. Too much speculation. How many times can you re-inflate the same used condom? actually, about infinity Title: Re: I guess this is what we see happen now Post by: accord01 on December 18, 2013, 09:14:05 PM This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.
Title: Re: I guess this is what we see happen now Post by: po1992one on December 18, 2013, 09:21:04 PM This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them. Most say here: never invest money you cant loose. I hope all follow this advice Title: Re: I guess this is what we see happen now Post by: JimboToronto on December 18, 2013, 09:56:58 PM This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them. Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Title: Re: I guess this is what we see happen now Post by: T.Stuart on December 18, 2013, 09:59:02 PM How many times can you re-inflate the same used condom? In the good old days that's what you did for a long time. And you kept it in a special box. Title: Re: I guess this is what we see happen now Post by: Jcw188 on December 18, 2013, 10:23:24 PM This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them. Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip? and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit. Title: Re: I guess this is what we see happen now Post by: Hunterbunter on December 18, 2013, 10:25:54 PM This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them. Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip? and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit. It's always a bit odd seeking advice from people in a competitive market...like seriously, how can you trust anyone? Title: Re: I guess this is what we see happen now Post by: wachtwoord on December 18, 2013, 10:28:48 PM This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them. Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip? and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit. It's always a bit odd seeking advice from people in a competitive market...like seriously, how can you trust anyone? Nah, it's only competitive for traders. It's co-op for investors :) Title: Re: I guess this is what we see happen now Post by: zimmah on December 18, 2013, 10:31:19 PM this is happening all the time.
Yes, bitcoin is volatile, but it's also very predictable. Title: Re: I guess this is what we see happen now Post by: kireinaha on December 18, 2013, 10:46:26 PM This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them. Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip? and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit. Yup, only a few weeks ago people were proposing loans from banks or their 401k and -- to their credit -- many of the posters on here advised against it. But it was frightening to see how many actually urged them on like it was a good idea. At the time, it was treated around here as a given that we'd see a price of $2,000 USD minimum by the end of December. Of course, no one will fess up to this now, but you all know who you are ;) Title: Re: I guess this is what we see happen now Post by: wachtwoord on December 18, 2013, 10:48:10 PM This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them. Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip? and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit. Yup, only a few weeks ago people were proposing loans from banks or their 401k and -- to their credit -- many of the posters on here advised against it. But it was frightening to see how many actually urged them on like it was a good idea. At the time, it was treated around here as a given that we'd see a price of $2,000 USD minimum by the end of December. Of course, no one will fess up to this now, but you all know who you are ;) In Bitcoin right now has always been the best time to buy. Title: Re: I guess this is what we see happen now Post by: t3xasdolly on December 18, 2013, 11:05:59 PM In Bitcoin right now has always been the best time to buy. After every crash is good time to buy. Dont know if right under $400 was the bottom though Title: Re: I guess this is what we see happen now Post by: wachtwoord on December 18, 2013, 11:11:57 PM Dude, no-one know what "after a crash" is until after the fact. Therefore "right now" is ALWAYS the best time to buy.
Title: Re: I guess this is what we see happen now Post by: zimmah on December 18, 2013, 11:22:34 PM Dude, no-one know what "after a crash" is until after the fact. Therefore "right now" is ALWAYS the best time to buy. How about just buying bitcoin because they're awesome? |