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massivebitman (OP)
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April 11, 2013, 02:07:13 AM |
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Look at the charts from the 31 bubble... It didn't crash all the way overnight, but it never recovered.
I don't have the confidence to buy yet.
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proudhon
Legendary
 Offline
Activity: 2198
Merit: 1311
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April 11, 2013, 02:08:29 AM |
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Remember this: Long Slow Slide
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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c789
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April 11, 2013, 02:12:31 AM |
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No...BTC is just taking off. The press has really given a lot of attention to BTC recently and, while most of the public still doesn't know about BTC, that's quickly changing. Forbes has had several articles on BTC recently and Clark Howard briefly mentioned it positively on a recent broadcast. As more people continue to learn about this, the more it will grow and the more valuable it will become.
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zedicus
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Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
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April 11, 2013, 02:18:59 AM |
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yeah alot of people just got punked for their coins! ..We gotta reroute the ddso on our way to a may $300 party!! All aboard!  |
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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April 11, 2013, 02:21:35 AM |
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Look at the charts from the 31 bubble... It didn't crash all the way overnight, but it never recovered.
I don't have the confidence to buy yet.
Ya, it sucks that it never recovered. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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teflone
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April 11, 2013, 02:24:09 AM |
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Look at the charts from the 31 bubble... It didn't crash all the way overnight, but it never recovered.
I don't have the confidence to buy yet.
Ya, it sucks that it never recovered. lol  |
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NikolaTesla
Newbie
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Activity: 28
Merit: 0
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April 11, 2013, 02:25:03 AM |
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People will be a lot more cautious this time about just throwing good sense to the wind and running the price up sky high. I think this will be the beginning of a decline to sub-100 levels (by the end of this week) followed by a gradual rising trend as new exchanges are developed.
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massivebitman (OP)
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April 11, 2013, 02:26:46 AM |
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Look at the charts from the 31 bubble... It didn't crash all the way overnight, but it never recovered.
I don't have the confidence to buy yet.
Ya, it sucks that it never recovered. lol Ok.. you know what I mean... |
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Francesco
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April 11, 2013, 02:27:44 AM |
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No...BTC is just taking off. The press has really given a lot of attention to BTC recently and, while most of the public still doesn't know about BTC, that's quickly changing. Forbes has had several articles on BTC recently and Clark Howard briefly mentioned it positively on a recent broadcast. As more people continue to learn about this, the more it will grow and the more valuable it will become.
...yes. A lot of attention, just like last time. It didn't help on the way from 20$ (roughly, the bottom of the first crash) to 2$, did it? |
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Piper67
Legendary
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Activity: 1106
Merit: 1001
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April 11, 2013, 02:29:53 AM |
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Look at the charts from the 31 bubble... It didn't crash all the way overnight, but it never recovered.
I don't have the confidence to buy yet.
Ya, it sucks that it never recovered. lol Ok.. you know what I mean... Haven't you heard? Bitcoin's been dead since around August of 2011. |
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nobbynobbynoob
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April 11, 2013, 02:30:02 AM |
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...yes. A lot of attention, just like last time. It didn't help on the way from 20$ (roughly, the bottom of the first crash) to 2$, did it?
Mainstream media attention. I don't remember much of that in 2011. |
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c789
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April 11, 2013, 02:32:01 AM |
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...yes. A lot of attention, just like last time. It didn't help on the way from 20$ (roughly, the bottom of the first crash) to 2$, did it? The amount of MSM attention in the past few weeks is orders of magnitude above what it was in 2011. Mainstream media attention. I don't remember much of that in 2011. +1 |
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massivebitman (OP)
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April 11, 2013, 02:39:52 AM |
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media attention's not going to help when the trend is downwards
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kingcrimson
Legendary
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Activity: 1025
Merit: 1000
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April 11, 2013, 02:45:07 AM |
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There is only one bitcoin. Millions of people have started hearing about it in the last month and wanting to get in. We're getting shout outs from important people, front page news on drudge, front page on reddit, radio shows about it, debates. Don't give up. The gox lag is the only thing that needs to be dealt with... without the lag none of these flash crashes would have happened.
Bitcoin is important because it's in the right place at the right time. A black swan event. This isn't the end
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b!z
Legendary
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Activity: 1582
Merit: 1010
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April 11, 2013, 03:37:00 AM |
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cheap coins get in now
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mp420
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April 11, 2013, 03:43:51 AM |
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Remember this: Long Slow Slide
Yes, and the price is still high and there are still bulls in denial. A good time to sell. |
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theymos
Administrator
Legendary
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Activity: 5390
Merit: 13426
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April 11, 2013, 03:46:19 AM |
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I think it'll eventually stabilize at some value between $100 and $150 and stay there for a while. I wouldn't be surprised if there was another bubble up to $250 or greater. I would be surprised if it went below $100.
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1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
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humanitee
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April 11, 2013, 03:49:03 AM |
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I think it'll eventually stabilize at some value between $100 and $150 and stay there for a while. I wouldn't be surprised if there was another bubble up to $250 or greater. I would be surprised if it went below $100.
+1 $150 sounds about right. |
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adamstgBit
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Trusted Bitcoiner
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April 11, 2013, 03:49:49 AM |
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Is it actually over? Or are we going to see a gradual decline like last time
I believe the market will not be doing a long slide down like last time... 2011 was a different age. back then buying bitcoin was true speculation ( there was very little you could actually do with a bitcoin, and there was very few drugs on SR... ) this time around the market is less about speculative investment and more about giving bitcoin a fair valuation given all these cool start-ups now making money with the bitcoin. the reason for the crash is the same, early adopter taking profit and hoping to cause panic to buy back lower. i do not believe there is any reason to panic. i do not believe the seller will have the opportunity to buy back lower. |
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bitcoinBull
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rippleFanatic
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April 11, 2013, 03:53:57 AM |
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I think it'll eventually stabilize at some value between $100 and $150 and stay there for a while. I wouldn't be surprised if there was another bubble up to $250 or greater. I would be surprised if it went below $100.
+1 $150 sounds about right. I'm expecting it to fall below $100 and test $50. Then a range of $50 to $150, consolidating around $100 before the next growth cycle. |
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