Bitcoin in RALLY mode
fabianhjr:
Quote from: brucewagner on January 13, 2011, 07:05:21 PM
A quote from the beginning of THIS THREAD....
Quote from: S3052 on October 07, 2010, 09:37:38 PM
Next big target is the all time high around 0.08
Those who are pessimists will always be pessimists. :)
Meanwhile.... those who are putting ALL of their money into bitcoin...... are very pleased. :)
A 666% increase in 3 months time.... How much is THAT annually...? 2664% per year?
Hey, magic must be involved. You consulted with *censored* and must be burned alive.
D:> <---Tin Hat
LOL just joking. This is awesome! Going to start a market here in Mexico when I figure RoR out.
Hal:
The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.
S3052:
Quote from: Hal on January 13, 2011, 09:28:08 PM
The danger is if people are buying bitcoins in the expectation that the price will go up, and the resulting increased demand is what is driving the price up. That is the definition of a BUBBLE, and as we all know, bubbles burst.
what you say is pure speculation.
how do you know when to define it as a bubble?
we may talk about a bubble when BTC/USD is at current value, at 100$, at 10,000$, etc.
currently, there is no technical evidence for a bubble
jimbobway:
Cryptoman:
Yes, all pricing in a free market is the result of supply and demand. The problem is determining which part of demand is reasonable and which part is "irrational exuberance."
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