Irrational exuberance is going to dry up

[byronbb]

Irrational exuberance of the bears.....

[Qoheleth]

The Coinlabs/Gox deal (will create)/(has created) secret rocket conditions.

"Secret rocket" is still my favorite Bitcointalk idiom.

Also, it's sort of amusing that we're talking about "crashing to" a price above 2011's all-time high.

[Piper67]

The Coinlabs/Gox deal (will create)/(has created) secret rocket conditions.

"Secret rocket" is still my favorite Bitcointalk idiom.

Also, it's sort of amusing that we're talking about "crashing to" a price above 2011's all-time high.

At this point, the bears will take it 

[pretendo]

Irrational exuberance of the bears.....

is there anyone that shorts bitcoin?

Look, if the resentment and disdain for bears in this thread shows anything, it's that there's a lot of people that live in their own optimistic world that bitcoin will never take a step back. That's the definition of irrational exuberance, and it is certainly reflected in the current price.

[humanitee]

Irrational exuberance of the bears.....

is there anyone that shorts bitcoin?

Look, if the resentment and disdain for bears in this thread shows anything, it's that there's a lot of people that live in their own optimistic world that bitcoin will never take a step back. That's the definition of irrational exuberance, and it is certainly reflected in the current price.

It's tried to step back multiple times.
Were you there for the 12k wall that was real at the ATH? A dump like that used to panic the market, now it's stoic.

Strong hands > weak hands, get used to it.

[rpietila]

You're absolutely wrong. It will fall back to $34.72. So there

Doesn't seem so scary to me. That was roughly the all-time high just a few hours ago.

We will never go to $34.72 ever. Those cheap coins will never return.

[RodeoX]

Irrational exuberance of the bears.....

is there anyone that shorts bitcoin?

Look, if the resentment and disdain for bears in this thread shows anything, it's that there's a lot of people that live in their own optimistic world that bitcoin will never take a step back. That's the definition of irrational exuberance, and it is certainly reflected in the current price.

I agree with some of what your saying. But isn't confidently stating that this exuberance is irrational and that it will end, kinda the same thing? Maybe it's not so irrational right now to be optimistic? Maybe the price will rise for the rest of my life? I dunno.  

[Piper67]

Irrational exuberance of the bears.....

is there anyone that shorts bitcoin?

Look, if the resentment and disdain for bears in this thread shows anything, it's that there's a lot of people that live in their own optimistic world that bitcoin will never take a step back. That's the definition of irrational exuberance, and it is certainly reflected in the current price.

Bitfinex will let you short. Good luck!

[pretendo]

I'm not saying that a crash is coming. I am saying that it's pumped up a bit right now, and will step back a dollar or two, yet apparently this is an unthinkable blasphemy according to the totally-not-exuberant people.

[evolve]

The hugbox gets very upset at dissenting opinions.

[RodeoX]

Yeah, the bears here are grizzly bears and the bulls are Texas long horns. Not to many moderates around.  

[Piper67]

I'm not saying that a crash is coming. I am saying that it's pumped up a bit right now, and will step back a dollar or two, yet apparently this is an unthinkable blasphemy according to the totally-not-exuberant people.

Nah, it's quite possible that it will step back one or two dollars. But predicting when and how will be damned near impossible unless you're the one holding the 20k BTC or so needed to dump. And if the last three or four attempts at dumping have been anything to go by, it will hurt you to do it.

It's not irrational to say that there is a lot of new money coming into Bitcoin (whether one person, a small group or a large one, nobody knows) and that it's pushing up the price. Is the final aim to dump all of that BTC back? Perhaps, but at these levels of money it is much more likely that the final aim is to make BTC a viable force to be reckoned with. For that to happen, each BTC will have to be worth a lot more than 36 USD.

Might it step back? Sure. I for one am not going to risk mis-timing it.

[Bit_Happy]

...
Strong hands > weak hands, get used to it.

Strong hands sell when the masses are panic buying.  

[pretendo]

the "I think" is an implicit part of my prediction. Every sentence someone says is an assertion of its own truth. Saying "The Beatles are great!" is the same as saying "I think The Beatles are great!"

So no, I don't have magical information from the future, I just have reasons to believe things.

[notme]

...
Strong hands > weak hands, get used to it.

Strong hands sell when the masses are panic buying.  

Strong hands hold through that brief dip.  It will decimate many but defaulters will default and everyone will relearn how sound money works.  It will be easier for people who haven't forgotten.  The assumed supply will be revealed to be elevated and the price will finally start to take off.

[molecular]

Irrational exuberance of the bears.....

is there anyone that shorts bitcoin?

Look, if the resentment and disdain for bears in this thread shows anything, it's that there's a lot of people that live in their own optimistic world that bitcoin will never take a step back. That's the definition of irrational exuberance, and it is certainly reflected in the current price.

Bitfinex will let you short. Good luck!

whatever this may mean.

[Peter Lambert]

There are some hormone treatments that might help with the dryness problem?

There is this great product called "Just like me" from Pure Romance which does wonders

[Peter Lambert]

That's like your opinion man.

+1
I lost count at about 1 million, But a lot of people come here and make bold statements about the future. Yet no one in history has be able to predict the future. So, what you have is a guess, not a logical fact.

The people who can predict the future use that power to make money, they do not share their info for free.

[DoomDumas]

Hurry up,

Those weeks may be the last one ever you'll be albe to buy BTC under 50$ !

Ever

[rpietila]

You're absolutely wrong. It will fall back to $34.72. So there

Doesn't seem so scary to me. That was roughly the all-time high just a few hours ago.

We will never go to $34.72 ever. Those cheap coins will never return.

This post of not-so-many hours ago.. Prophetic.

..I'm currently offering 6.09:1 that it will not be below $35 next Friday. Take the opportunity to bet at
https://bitcointalk.org/index.php?topic=149083.0