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Author Topic: Bubble? Growth? One goat's thoughts  (Read 4901 times)
ElectricMucus
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March 27, 2013, 06:47:31 PM
 #41

BTW, the term bubble has a real meaning, rather than just huge growth in a little time.  A real bubble is when your mumsuckers borrows money to buy bitcoins.  When that happens, then its a bubble, and I dont see that happening for a few years. months now.

FTFY

Really?

That is frightening - I still use the old fashioned idea that I only invest cash I can afford to lose! Wink

Look around on the forum, they are all over the place. Most of them don't brag about it right away but if you read carefully you'll notice and that is just the tip of the iceberg.
old_engineer
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March 27, 2013, 07:35:56 PM
 #42

I still think the google trends for "bitcoin" searches to be a good leading indicator, a methodology that's been rigorously examined for flu and other health trends.  Search volume this week is almost 50% higher than the last peak two weeks ago.  Add in the 5500 person approval queue at Gox, the re-launching of Tradehill for accredited investors only, and the fact that people love round numbers like $100, and I think we'll be at $120 in the next week, with $100 as the new floor.  In short, I don't think this is a bubble yet.

Another round of articles will happen when the $1B market cap is passed at $91.  And in other news, today Apple dropped from an open of $456 to $452, losing about $4B in market cap this morning. Smiley
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