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Author Topic: Bitcoin is a bubble.  (Read 8946 times)
gongcheng
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June 09, 2011, 01:55:32 AM
 #41

 [FAQ] Is BitCoin a Ponzi or pyramid scheme? (Newbie-Friendly)
http://forum.bitcoin.org/index.php?topic=7815.0

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gongcheng
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June 09, 2011, 02:23:28 AM
 #42

Bubble and crashes
http://forum.bitcoin.org/index.php?topic=249.0

Bitcoin gonna burst?
http://forum.bitcoin.org/index.php?topic=12414.0

Geeks and Wallstreet
http://forum.bitcoin.org/index.php?topic=13502.0


Grant
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June 09, 2011, 02:29:59 AM
 #43


gongcheng
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June 12, 2011, 02:43:42 AM
 #44

Now it seems the case of skyrocketing price is what I predicted.

gongcheng
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June 12, 2011, 12:57:52 PM
 #45

What shall I say, the bubble is blowing again or people start to buy?

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June 12, 2011, 01:17:27 PM
 #46

Someone should research everything that's been called a bubble when it started and figure out how many of those things actually turned out to be bubbles. I'd kick in a few bitcents if someone put a bounty on this.

I doubt there´s an exact, indisputable way of determine what is and what is not a bubble(except in hindsight). But this might be a good start in terms of what indicators are concerned:
http://www.ritholtz.com/blog/2011/06/how-to-spot-a-bubble-in-real-time/

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SlaveInDebt
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June 12, 2011, 01:39:04 PM
 #47

Here we go again...

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
gongcheng
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June 16, 2011, 10:03:32 AM
 #48

http://forum.bitcoin.org/index.php?topic=17787.msg226502#msg226502

MikesMechanix
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June 16, 2011, 01:19:36 PM
 #49

Suppose I have 50k BTCs, I can register around 100 accounts on Mt Gox and distribute all my Bitcoins into these accounts and then I trade with myself from one account to other, every trade with a higher price. By this operations, I can easily drive up the price to whatever I want to drive.

You seem to completely ignore the fact that you'd have to buy the others' coins as well.

Please send your extra Bitcoins to 17miTorGDBUh3yNTYJtodJPw9wzrcNcf6y. Thank you!

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June 16, 2011, 01:32:59 PM
 #50

You seem to completely ignore the fact that you'd have to buy the others' coins as well.
Yes, in fact there's no need to start with coins - just buy out the for sale coins until you reach your target price.  The cash outlay is the same either way.  Of course raising the price doesn't make you a profit - to make a profit you'll have to keep the price higher than the average you paid while you sell them all.  That's always the hard part. Smiley
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