[prediction] How this 'bubble' will end

[ineededausername]

I think we finally made it to the top.  I know, I know.  I'm as exhausted as you guys.  Relax now, and settle in for the long slow slide.  

mmm-hm.

[1715111173]

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[Crazy]

I'd usually agree with you proudhon, but these bulls are starting to convince me things might be different now. Logic tells me otherwise, but I can't deny what I'm seeing. They just keep buying these dips.

Note: This probably means I'm about to lose money.

[piramida]

Oh no, even Crazy bears are turning bullish, is the top in sight?

[mp420]

By now, we are in such a late stage of the rally, that I think we can definitively say the bubble has peaked when we see a weekly red candle. Depends, of course, but I think I'm seeing the sort of euphoria that would signify we're close to the peak (at least temporally, price may go up significantly yet).

[BitcoinTate]

If this is a bubble... and that is a bif "If"... then top will be past $1000.00 in a month or two.

[Zendata]

By now, we are in such a late stage of the rally, that I think we can definitively say the bubble has peaked when we see a weekly red candle. Depends, of course, but I think I'm seeing the sort of euphoria that would signify we're close to the peak (at least temporally, price may go up significantly yet).

Weekly? All it takes is one good one

[Herodes]

Yeah we all know governments have infinite power over p2p technologies right? The most they can do is outlaw exchanges, and it would take *all* governments to cooperate to have any effect. After that bitcoins would go to the black p2p underground market, that's all. Regulate? Try to describe how that would work?

there's no need for regulation. The market will take care of itself.

[donjoe]

The most they can do is outlaw exchanges, and it would take *all* governments to cooperate to have any effect. After that bitcoins would go to the black p2p underground market, that's all.

The black P2P underground market means very slow transactions, which would kill one of the most desirable aspects of Bitcoin as a purely digital currency. Like I said, if the gov't decides to crack down on it, it won't survive as the Bitcoin we're used to and its price will definitely take an immense hit.

But yeah, I hadn't read about the FinCEN ruling or whatever kind of act that was, when I last posted on this topic. At this time I'm somewhat less pessimistic about Bitcoin's future, though still worried that its protracted survival will unnecessarily delay the adoption of a truly well designed digital currency system that would be based on sound economic concepts (not just a cryptographic toy invented by some random programmer) that could really be a worldwide substitute for all fiat currency systems.

there's no need for regulation. The market will take care of itself.

You must not be from the same planet as the rest of us.