2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet

[gweedo]

http://www.pcmag.com/article2/0,2817,2417649,00.asp

It took decades for Tulipmania to peak and crash and years for the recent housing bubble to burst. But the meteoric, week-old bull market for Bitcoins appears poised to tank at a hyper-accelerated pace.
Just a day after Bitcoin prices were reaching $266, per trading site Mt. Gox, the bubble showed signs of popping violently for the virtual currency. Bitcoins were trading at a weighted average of $210 on the site as of Wednesday afternoon, but hit a low of $105 in the most recent hours of activity.

[Elwar]

Good, now if all of the articles say that the Bitcoin bubble popped, their future articles talking about a bubble will be even more silly.

[eric345]

Good, now if all of the articles say that the Bitcoin bubble popped, their future articles talking about a bubble will be even more silly.

I thought that the bubble popped back in 2011.

[Mike Christ]

Price settling around 130 for now.

Looks like tomorrow we'll be in another bubble.

[Wekkel]

The Tulip Mania was 1634-1637 if I understand correctly, so what's about 'decades'?

[nobbynobbynoob]

Price settling around 130 for now.

Looks like tomorrow we'll be in another bubble.

Bull trap.

Looks like proudhon, evolve, hgmichna, etc. are/were at least half right. We'll be back to 40 bucks tomorrow.

But if the basics underlying Bitcoin haven't changed, it's still something to be celebrated. Sure, I missed the "opportunity" to speculate and buy fiat before this "bubble" burst, but I'll be pretty happy if I can snaffle up some more 'coin at 40 bucks a piece. What are my chances?

[BkkCoins]

The Tulip Mania was 1634-1637 if I understand correctly, so what's about 'decades'?

I don't even think it was really that long. Mainly just one winter if I recall and it was primarily in contracts not physical bulbs. And there seems to be controversy over what real info there is as mostly what is known isn't even well documented.

But let's not let reality interfere with the guys who keep mouthing about Tulips as the parallel.