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Author Topic: Bubble Burst in the nearby future?  (Read 5489 times)
sciter
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June 14, 2011, 12:14:02 PM
 #1

http://www.notesbit.com/index.php/finance/economy/stages-of-recession-economy-hyman-minsky%E2%80%99s-seven-bubble-stages/

According to the Minsky stages of recession you could say that we are at stage 4 with the bitcoin, aren't we?
http://bitcoincharts.com/charts/chart.png?width=716&m=mtgoxUSD&k=&r=60&i=&c=0&s=&e=&Prev=&Next=&v=1&cv=0&ps=0&l=0&p=0&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&SubmitButton=Draw&

You can see that the market accelerates, do you think the bubble will burst? If yes, when? Will you think the Bitcoin will make a comeback after the possible recession?


Give me your expert or amateur's opinion.


I personally don't know the answers to my questions, thats why I ask them you.
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Alex Beckenham
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June 14, 2011, 12:17:27 PM
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My amateur opinion is that to ask that question, you first have to ask whether bitcoin prices is even experiencing a bubble.

Then you can ask about it bursting.

andes
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June 14, 2011, 12:18:22 PM
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According to the Minsky stages of recession you could say that we are at stage 4 with the bitcoin, aren't we?

Think of the bitcoin market as a 30 day old human embrio, with tail and fins. If you where an alien, could you predict the final form of the adult individual just by looking at the embrio, without having seen another similar species before?

http://i.ehow.com/images/a04/d0/gj/what-human-embryo-development-800X800.jpg

Forget about what old aliens say about the development of tadpoles in planet Frogger XI.
hugolp
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June 14, 2011, 12:20:19 PM
 #4

How is the exchange USD-BTC going down a recession?
sciter
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June 14, 2011, 12:25:02 PM
 #5

How is the exchange USD-BTC going down a recession?
According to Minsky, not yet but It will be.
sciter
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June 14, 2011, 12:33:32 PM
 #6

My amateur opinion is that to ask that question, you first have to ask whether bitcoin prices is even experiencing a bubble.

Then you can ask about it bursting.

I believe it is.
MikesMechanix
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June 14, 2011, 12:42:07 PM
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Looking at the market depth, it looks more like it's going to go up soon.

Please send your extra Bitcoins to 17miTorGDBUh3yNTYJtodJPw9wzrcNcf6y. Thank you!

Sign up on TradeHill Instant Bitcoin Exchange using this link to get a lifetime 10 % discount on trades!
sciter
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June 14, 2011, 12:51:52 PM
 #8

Yes, and according to Minsky, that is one sign of a coming recession.

Extra question by the way:

How long do you think the Bitcoin-market will last?


Sorry for all the questions, I am just curious and I am yet too take a decision whether I will invest in a mining rig or not.
rebuilder
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June 14, 2011, 01:01:38 PM
 #9

The only way to find out is to wait and see.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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bittersweet
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June 14, 2011, 01:05:27 PM
 #10

Here is a long term picture for you:



Personally I think speculators will be stuck below 25 USD for a looong time.

My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
kiba
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June 14, 2011, 01:05:57 PM
 #11

You mention a bitcoin bubble, you get a bitcoin bubble comic.

sciter
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June 14, 2011, 04:49:14 PM
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So you guys, amateurs or ''experts'', think it would be profitable to invest a rig?
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