Bubble Burst in the nearby future?

[sciter]

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]

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]

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]

How is the exchange USD-BTC going down a recession?

[sciter]

How is the exchange USD-BTC going down a recession?

According to Minsky, not yet but It will be.

[sciter]

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]

Looking at the market depth, it looks more like it's going to go up soon.

[sciter]

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]

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

[bittersweet]

Here is a long term picture for you:



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

[kiba]

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

[sciter]

So you guys, amateurs or ''experts'', think it would be profitable to invest a rig?