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Author Topic: So when's the crash?  (Read 10519 times)
bitcon
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May 06, 2013, 07:00:01 AM
 #81

i dont really see ripple as a competitor because it requires btc to operate, no?

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May 06, 2013, 07:03:43 AM
 #82

I literally read through almost this whole thread without realizing it was a month old and it was also a thread I made.

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May 06, 2013, 07:21:51 AM
 #83

i dont really see ripple as a competitor because it requires btc to operate, no?


Ripple will work fine with any currency.

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May 06, 2013, 09:46:04 AM
 #84

There's already been a tonne of crashes, which have all led to the coin going back up. There's obviously sufficient people who have faith in Bitcoin to not let it fall. It's safe to say this our new price Smiley Well I feel this way at least.
hgmichna
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May 06, 2013, 10:26:02 AM
 #85

There's already been a tonne of crashes, which have all led to the coin going back up. There's obviously sufficient people who have faith in Bitcoin to not let it fall. It's safe to say this our new price Smiley Well I feel this way at least.

If bitcoin does not fail and is not superseded, then you will be right in the long run. The typical speculator is looking at shorter-term price movements though, and here we have a high probability of the price generally moving downward during the months after a burst bubble, with interspersed bull traps.
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May 06, 2013, 06:29:07 PM
 #86

The real problem is, we can never be sure that Bitcoin will have another bubble at all.

When enough new, inexperienced speculators come into the market, we will see another bubble.

I don't know whether it can survive the bear market with its position as Digital Cash #1 with things like altcoin competition (Litecoin is coming to MtGox, and Ripple might be a true future competitor) and problems like the block size limit. Thoughts?

That may be impossible to predict. Usually the first comer garners a natural monopoly. That is why there is only one big eBay, only one big PayPal, only one big Facebook, only one big Google. Of course these don't stay natural monopolies forever, but usually they can cling to their position for many years.

That said, if a new digital currency comes along that has at least one clear and important advantage over bitcoin, then things may change.
MySpace preceded Facebook, and there were search engines before Google. I don't know about the other examples. It will be interesting to see what happens once Litecoin trades on MtGox. Although I don't believe Litecoin stands a chance, it may still decrease faith in Bitcoin. For a real contender, if it works as advertised, look at Ripple.
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May 06, 2013, 06:32:45 PM
 #87

For a real contender, if it works as advertised, look at Ripple.

So how many RippleCoins do you own? Smiley
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May 06, 2013, 09:02:44 PM
 #88

For a real contender, if it works as advertised, look at Ripple.

So how many RippleCoins do you own? Smiley
About 1000 I think, which is worth pretty much nothing. I sold nearly all I got in their forum handout. Ripple prices have been hugely inflated since its inception because they haven't distributed any meaningful sum yet. There are 100 billion ripples, and its last price is 8800 per BTC. Wish I could short this thing.

I wouldn't advise anyone to pay any money for them, OpenCoin claims they will distribute all within 2 years, so it's going to get flooded and you'll be able to get them for free, like here: https://bitcointalk.org/index.php?topic=145506.0

My point was only that it appears to be a good system if it works under stress. There's no mining and transactions are instantaneous. If there is anything to compete meaningfully, I don't think it will be Litecoins and xyzcoin but Ripples because it's a completely different system.
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May 06, 2013, 09:27:43 PM
 #89

For a real contender, if it works as advertised, look at Ripple.

So how many RippleCoins do you own? Smiley
Wish I could short this thing.

I'll lend you my 50k if you pay a decent interest.
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May 06, 2013, 09:31:00 PM
 #90

One thing i noticed about ripples is that they don't rise and fall with Bitcoin like the other alt coins.
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January 03, 2014, 07:38:28 PM
 #91

just asking: So, when's the crash?

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January 03, 2014, 07:39:54 PM
 #92

just asking: So, when's the crash?
Two weeks.
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January 03, 2014, 07:40:09 PM
 #93

just asking: So, when's the crash?
There'll be one in 2016

                                                                               
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HairyMaclairy
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January 04, 2014, 04:00:07 AM
 #94

Wait for the blockchain to fork again.

Then there will be a crash. 

This is not investment advice.  I have no idea what I am doing.
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this statement is false


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January 04, 2014, 04:23:18 AM
 #95

small correction coming on the short-term... if the newb traders who pushed us above the trendline are panicky enough it could turn into another capitulation event.

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DieJohnny
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January 04, 2014, 04:37:14 AM
 #96

One thing i noticed about ripples is that they don't rise and fall with Bitcoin like the other alt coins.

cuz they are not mined and are not traded by miners for BTC, same with NXT

Ripple and NXT are digital currency but a completely different business model. Original investors own all the coins and trickle them into the market to pump the price up before they sell to pay for their initial investment and a few extra million.

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January 04, 2014, 06:34:55 PM
 #97

Bitcoin doesn't crash; there are only corrections. Grin

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January 04, 2014, 06:36:40 PM
 #98

Bitcoin doesn't crash; there are only corrections. Grin

Growth spurts and associated growing pains.
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January 04, 2014, 06:51:35 PM
 #99

Bitcoin doesn't crash; there are only corrections. Grin

Growth spurts and associated growing pains.

Minor bends and twists on the road to glory.   Cheesy
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January 04, 2014, 06:52:45 PM
 #100

Bitcoin doesn't crash; there are only corrections. Grin

Growth spurts and associated growing pains.

Minor bends and twists on the road to glory.   Cheesy

The scenic route.  Cheesy

                                                                               
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