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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.
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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.jpgForget about what old aliens say about the development of tadpoles in planet Frogger XI.
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hugolp
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Radix-The Decentralized Finance Protocol
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June 14, 2011, 12:20:19 PM |
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How is the exchange USD-BTC going down a recession?
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sciter (OP)
Newbie
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June 14, 2011, 12:25:02 PM |
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How is the exchange USD-BTC going down a recession?
According to Minsky, not yet but It will be.
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sciter (OP)
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June 14, 2011, 12:33:32 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.
I believe it is.
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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.
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sciter (OP)
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June 14, 2011, 12:51:52 PM |
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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.
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rebuilder
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June 14, 2011, 01:01:38 PM |
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The only way to find out is to wait and see.
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Selling out to advertisers shows you respect neither yourself nor the rest of us. --------------------------------------------------------------- Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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bittersweet
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June 14, 2011, 01:05:27 PM |
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Here is a long term picture for you: Personally I think speculators will be stuck below 25 USD for a looong time.
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My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
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kiba
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June 14, 2011, 01:05:57 PM |
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You mention a bitcoin bubble, you get a bitcoin bubble comic.
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sciter (OP)
Newbie
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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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