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Author Topic: this is a bubble.  (Read 7597 times)
zoolander
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April 09, 2013, 04:24:43 PM
 #41

I know it looks ridiculous(I feel seriously unsettling as well), but I doubt all those thrown down $1M-2M orders in the blink of an eye are that stupid.

Ever heard of the London Whale? Or all any of the long line of "stupid" traders I could wheel out that would have considered spending $1M-$2M on the markets in a blink of eye as buying sweets with pocket change.

I've been watching these forums for the last few months and it is clear that some of you are completely losing all sense of reality.
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jerkoff
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April 09, 2013, 04:40:07 PM
 #42

I know it looks ridiculous(I feel seriously unsettling as well), but I doubt all those thrown down $1M-2M orders in the blink of an eye are that stupid.

Ever heard of the London Whale? Or all any of the long line of "stupid" traders I could wheel out that would have considered spending $1M-$2M on the markets in a blink of eye as buying sweets with pocket change.

I've been watching these forums for the last few months and it is clear that some of you are completely losing all sense of reality.

True, but that is using official trading paths, exchanges, OTC trades with other recognised institutions. Not going onto an amateur internet site and transferring 100 million to it. Come to think of it, maybe MtGox won't do it, but if a professional transfers 100 million to any of the other exchanges, I am sure the owner(s) will just jump up, unplug their servers, transfer the money to their personal account and book a one way ticket to some tropical paradise.
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April 09, 2013, 05:41:30 PM
 #43

We seriously need some diversification. If not from the Japanese government, how about earthquakes?

If it's any comfort, during the 3/11 earthquake I was connected by SSH from my office in the Tokyo suburbs to my client's office in Shibuya, about 50 metres from the Mt Gox office. Neither internet nor power went down for a second. Offices in that bit of town are built tough, and TEPCO have some seriously robust infrastructure. (*)

(*) Although there was that one issue they had that one time with the fuel rods and the backup generators.

But yeah, we're too dependent on Mt Gox.
baybiz
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April 09, 2013, 06:22:49 PM
 #44

The bitcoin rise has been defined as a parabolic curve. I don't know of of any of those that didn't end badly.
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April 09, 2013, 06:24:39 PM
 #45

I don't know of of any of those that didn't end badly.
I do:

[/img]
kokjo
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April 09, 2013, 07:33:02 PM
 #46

I don't know of of any of those that didn't end badly.
I do:


that pic is useless, it only shows adoption in the population, not how much the companies that created those things raised in value. 

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
kokjo
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April 09, 2013, 07:36:03 PM
 #47

The log scale is your friend
no, its not. it shows that bitcoin is rising faster then exponential, which is very bad(in my opinion).

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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April 09, 2013, 07:53:27 PM
 #48

There have been many bubbles already:


They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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April 09, 2013, 07:54:41 PM
 #49

it's not a bubble until it pops
Peter Lambert
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April 09, 2013, 08:04:39 PM
 #50

it's not a bubble until it pops

It is a bubble before it pops, you just can't tell whether it is a bubble or not until after it pops.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
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April 09, 2013, 08:05:17 PM
 #51

This is a bubble

Charm Quark
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Wat about the internet? Give us some of that money


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April 09, 2013, 08:27:13 PM
 #52

this hysteria matters very little to the hoarders

My psychedelic fractal art: http://j-diche.deviantart.com  >>enjoy
Tips:              1NBx1uwbWMpEVwZo8HsjYQeuDxdxxFtiwJ  >>thanks!
Ekaros
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April 09, 2013, 08:30:51 PM
 #53

this hysteria matters very little to the hoarders

I hope the hoarders aren't buying more Grin

12pA5nZB5AoXZaaEeoxh5bNqUGXwUUp3Uv
http://firstbits.com/1qdiz
Feel free to help poor student!
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Shamantastic!


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April 09, 2013, 08:40:32 PM
 #54

Kokjo, I hope you don't have a heart condition.

FF
This is amazing!

kokjo
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April 09, 2013, 08:53:22 PM
 #55

Kokjo, I hope you don't have a heart condition.

FF
This is amazing!
i dont. but im already up over 2000%, and i don't want to ride it to 10000% and it means i have to take the risk to go back to 150%...

im out.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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April 09, 2013, 10:26:05 PM
 #56

Kokjo, I hope you don't have a heart condition.

FF
This is amazing!
i dont. but im already up over 2000%, and i don't want to ride it to 10000% and it means i have to take the risk to go back to 150%...

im out.

just remember to save (not cash in) at least 10% of your coins when you get out.


Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
FTWbitcoinFTW
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April 09, 2013, 10:39:23 PM
 #57

but im already up over 2000%, and i don't want to ride it to 10000% and it means i have to take the risk to go back to 150%...
im out.

Those 16000 buyers in Mt Gox queue says thanks, they'll drive price to 419.99$ and not 420$ in the next 3 weeks !
Agree it's parabolic, but try to catch the top ! 500$ at least if you want quick money

Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
it has lots of buttery taste..
niko
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April 09, 2013, 10:39:51 PM
 #58

Kokjo, I hope you don't have a heart condition.

FF
This is amazing!
i dont. but im already up over 2000%, and i don't want to ride it to 10000% and it means i have to take the risk to go back to 150%...

im out.

just remember to save (not cash in) at least 10% of your coins when you get out.


Listen to the wise words, kokjo! Sell the fraction proportional to the perceived risk of severe bubble burst.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
Tonko
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April 09, 2013, 11:25:45 PM
 #59

We need a major network station interviewing some Bitcoin millionaire in prime time.

That may turn int a bubble of all bubbles.

Maybe sell some percentage few months after that.
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April 09, 2013, 11:50:05 PM
 #60

Bitcoin will live on as it has assuming this is a bubble waiting to collapse soon, driving away the speculators and in-n-out investors just like it did the first time. In 2011 everyone but the Bitcoin faithful said it was dead...they were wrong.

Imagine what height the next bubble will hit based on existing trends of BTC bubbles?

Bitcoin is a very young economy, and these things will happen until its market cap reaches a level of stability. When that happens no one knows. Maybe after the entire world's economy shifts to Bitcoin after it all goes down this year  Grin Each BTC will be worth about  $3 Million a piece if that did happen someday. An then it wouldn't be worth $3 Million because the USD would be dead and buried, it would just be worth a Bitcoin  Smiley

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