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Title: next bubble Post by: bracek on July 18, 2012, 11:02:31 PM I vote 50
better fundamentals, higher starting price, confidence that it won't burst to zero Title: Re: next bubble Post by: Bjork on July 18, 2012, 11:48:29 PM Lower, people will remember the last burst and will sell. Last time people had no idea where it would stop.
Title: Re: next bubble Post by: adamstgBit on July 19, 2012, 12:38:36 AM Lower, people will remember the last burst and will sell. Last time people had no idea where it would stop. Ya they'll sell alright but if theirs enough people buying, that's not a problem UP UP UP AND AWAY! :D Title: Re: next bubble Post by: Dargo on July 19, 2012, 01:03:44 AM "Bubble" is a pretty vague notion. I think a lot of people just use it when, in their opinion, prices have reached an unjustified level. But if prices must rapidly contract in order to get the "pop" implied by the term, how far and how fast do they have to contract? In the last bitcoin bubble, prices contracted by over 90% in about 5 months. Pretty safe to say that was a bubble. But suppose price climbs to 25 then retraces to 15 in 3-4 months. Is that a bubble? Not so clear. I'm expecting that when price contracts significantly, which it surely will at some point, people will say, "see, I told you it was a bubble!" But given how vague the term is in the first place, that's not a very interesting prediction. The whole debate would be a lot more interesting if we had some reasonably precise definition of what counts as a bubble. Something like, "price has to contract by at least 50% within 6 months."
Title: Re: next bubble Post by: evoorhees on July 19, 2012, 01:35:35 AM "Bubble" is a pretty vague notion. I think a lot of people just use it when, in their opinion, prices have reached an unjustified level. But if prices must rapidly contract in order to get the "pop" implied by the term, how far and how fast do they have to contract? In the last bitcoin bubble, prices contracted by over 90% in about 5 months. Pretty safe to say that was a bubble. But suppose price climbs to 25 then retraces to 15 in 3-4 months. Is that a bubble? Not so clear. I'm expecting that when price contracts significantly, which it surely will at some point, people will say, "see, I told you it was a bubble!" But given how vague the term is in the first place, that's not a very interesting prediction. The whole debate would be a lot more interesting if we had some reasonably precise definition of what counts as a bubble. Something like, "price has to contract by at least 50% within 6 months." +100 Title: Re: next bubble Post by: silverbox on July 19, 2012, 01:40:13 AM "Bubble" is a pretty vague notion. I think a lot of people just use it when, in their opinion, prices have reached an unjustified level. But if prices must rapidly contract in order to get the "pop" implied by the term, how far and how fast do they have to contract? In the last bitcoin bubble, prices contracted by over 90% in about 5 months. Pretty safe to say that was a bubble. But suppose price climbs to 25 then retraces to 15 in 3-4 months. Is that a bubble? Not so clear. I'm expecting that when price contracts significantly, which it surely will at some point, people will say, "see, I told you it was a bubble!" But given how vague the term is in the first place, that's not a very interesting prediction. The whole debate would be a lot more interesting if we had some reasonably precise definition of what counts as a bubble. Something like, "price has to contract by at least 50% within 6 months." +1.5648 Title: Re: next bubble Post by: smoothie on July 19, 2012, 01:42:25 AM "Bubble" is a pretty vague notion. I think a lot of people just use it when, in their opinion, prices have reached an unjustified level. But if prices must rapidly contract in order to get the "pop" implied by the term, how far and how fast do they have to contract? In the last bitcoin bubble, prices contracted by over 90% in about 5 months. Pretty safe to say that was a bubble. But suppose price climbs to 25 then retraces to 15 in 3-4 months. Is that a bubble? Not so clear. I'm expecting that when price contracts significantly, which it surely will at some point, people will say, "see, I told you it was a bubble!" But given how vague the term is in the first place, that's not a very interesting prediction. The whole debate would be a lot more interesting if we had some reasonably precise definition of what counts as a bubble. Something like, "price has to contract by at least 50% within 6 months." +troll.79 Title: Re: next bubble Post by: adamstgBit on July 19, 2012, 01:54:15 AM "Bubble" is a pretty vague notion. I think a lot of people just use it when, in their opinion, prices have reached an unjustified level. But if prices must rapidly contract in order to get the "pop" implied by the term, how far and how fast do they have to contract? In the last bitcoin bubble, prices contracted by over 90% in about 5 months. Pretty safe to say that was a bubble. But suppose price climbs to 25 then retraces to 15 in 3-4 months. Is that a bubble? Not so clear. I'm expecting that when price contracts significantly, which it surely will at some point, people will say, "see, I told you it was a bubble!" But given how vague the term is in the first place, that's not a very interesting prediction. The whole debate would be a lot more interesting if we had some reasonably precise definition of what counts as a bubble. Something like, "price has to contract by at least 50% within 6 months." ya we over use the word bubble... but bitcoin is like the master of bubble making just watch this video http://youtu.be/EciMcKacMBg - 2 mins http://youtu.be/gkolebY-N4w - 1 min ( |