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Title: How to survive a bubble Post by: zby on April 23, 2011, 05:34:24 AM If we are not yet in a bubble we'll be there pretty soon. It's kind of inevitable - bitcoin is just such a good story, it's the ultimate spreadable story (http://www.henryjenkins.org/2009/02/if_it_doesnt_spread_its_dead_p.html, http://www.henryjenkins.org/2009/04/how_sarah_spread_and_what_it_m.html, http://www.niemanlab.org/2010/11/why-spreadable-doesnt-equal-viral-a-conversation-with-henry-jenkins/). All new, good technology generate bubbles, Gutenberg eventually got bankrupt and with the internet in general we've seen it not that far ago. In a way it is not all that bad - it will bring money, recognition and new businesses - all this should eventually smooth all the rough edges of the current technology which is not too attractive to anyone beside hardcore geeks. Some investors will go bust - but if the business starts using bitcoins for daily stuff - then this should stay. It's only after the first bubble crash that we'll gain good understanding of what kind of economy bitcoin brings in.
What are your views on the first crash? When will it happen? What would be the price of bitcoin after the crash? What is your strategy to survive it? Title: Re: How to survive a bubble Post by: grondilu on April 23, 2011, 05:47:36 AM What are your views on the first crash? When will it happen? What would be the price of bitcoin after the crash? What is your strategy to survive it? "surviving a bitcoin crash"?! Come'on, it would be silly to put all your wealth into bitcoins, just as it would be silly to put all your wealth into any single financial asset. There are other places where to put your money. Precious metals, stocks, real estates and so on. I doubt anybody would get seriously hurt by a bitcoin bubble crash. Only some greedy fools will. Title: Re: How to survive a bubble Post by: zby on April 23, 2011, 06:10:19 AM Come'on - survive was not used literally there.
Title: Re: How to survive a bubble Post by: Insti on April 23, 2011, 06:12:59 AM Sell just before the bubble bursts.
Title: Re: How to survive a bubble Post by: AtlasONo on April 23, 2011, 02:50:11 PM Sell just before the bubble bursts. I bet that's everybody's plan.... Title: Re: How to survive a bubble Post by: zby on April 24, 2011, 06:55:53 AM Hey - I counted on at least some answers about buying bitcoins when the price is back to x after the crash.
Title: Re: How to survive a bubble Post by: LanYu on April 24, 2011, 07:28:07 AM If you seriously plan on holding BTC long-term, I don't think you should have to worry about a bubble. Because the currency is decentralized and devoid of non-growth related inflation, any bubble will correct itself in a very short amount of time. BTC speculative markets are instable due to its relative infancy and low volume. If you are trying to trade BTC on the short-term, I bid you good luck.
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