LFC_Bitcoin
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October 27, 2015, 06:12:27 AM |
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It seems to be inevitable that bitcoin is going to suffer some more of these bubble periods because it is just too small at the moment. Quasi-currency status is much further into the future, and likely going to need a market cap in the $100Billion plus categories, and even that kind of $100 Billion plus is really small potatoes in the whole scheme of things. So whether some posters are wishing for a bubble or NOT one two or three more bubbles seem likely to be in the cards for the next approximately 5-10 years of bitcoin.
Bitcoin is still in its infancy & we'll probably have to wait 10 + years for it to be where we want it to be. I certainly have no problem with us experiencing a few more bubbles on the way to 'the moon'. Surely nobody has any issues with profiting handsomely from a few bubbles on the way to mainstream adoption? |
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Cconvert2G36
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October 27, 2015, 06:29:53 AM
Last edit: October 27, 2015, 07:11:01 AM by Cconvert2G36 |
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You have to admit there's an air of economic darwinism about it. The government sanctioned versions are licensed and taxed casinos and (often directly state run) lotteries. Games of chance with a built in tendency for the customer to lose, often immediately.  |
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noobtrader
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October 27, 2015, 06:44:19 AM |
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chinese devaluation of yuan is already priced in. no choo choo for you bulls, unless you are on mETH.  Says the guy who's underwater on the bulk of his shorts. Assuming you actually trade the way you talk, which I highly doubt. no way he can short and profit at this trend... price just drop 10 usd for few hours then rebound back |
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ChartBuddy
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October 27, 2015, 07:01:37 AM |
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Fatman3001
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October 27, 2015, 07:16:33 AM |
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Ok, I'm back.
Let the rally continue!
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fichtn12345
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October 27, 2015, 07:50:54 AM |
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Ok, I'm back.
Let the rally continue!
Ok. Welcome back! |
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JorgeStolfi
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October 27, 2015, 08:01:19 AM |
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as i understand it one new victim buys btc and sends them to MMM which takes some of the BTC and sells them to pay the older victims
so afterall it should lead to revenue but not necessarily buy pressure
Does he pay out in money? I would expect him to pay out in bitcoin too, for the same reason that he takes bitcoin. Many of the victims will surely re-invest all their payouts in the scheme, and then add some more money. Thus the net effect of the ponzi should be to lock up increasing amounts of bitcoin in (a) the members' accounts, (b) in transit, and (c) in Mavrodi's deep pockets. |
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ChartBuddy
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October 27, 2015, 08:01:36 AM |
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ChartBuddy
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October 27, 2015, 09:01:40 AM |
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LFC_Bitcoin
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October 27, 2015, 09:25:20 AM |
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Ok, I'm back.
Let the rally continue!
It's that magic 300 we can't seem to break. I mean in the bigger picture 300 is f**k all but we just can't seem to break it & stay above it. |
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spooderman
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October 27, 2015, 09:37:02 AM |
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i'd rather chill at 290 for 6 months than break 300 and drop back down to 230 yet again.
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koryu
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October 27, 2015, 09:37:31 AM |
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weekly rsi overbought. Need to cooldown a bit before we can continue with the rally. Guess people who play it safe will take profits here. But I am holding and move a bit into altcoins.
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Melupira89
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BIM BUM...... SCAM!!!
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October 27, 2015, 09:52:42 AM |
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i'd rather chill at 290 for 6 months than break 300 and drop back down to 230 yet again.
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ChartBuddy
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October 27, 2015, 10:01:34 AM |
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ChartBuddy
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October 27, 2015, 11:01:53 AM |
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DaRude
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In order to dump coins one must have coins
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October 27, 2015, 11:07:58 AM |
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Sure lots of coins for sale around $300. Didn't see any mining profitability analyses lately but might be the point where mining turns green so they dump all their reserves on open exchanges.
Ok, I'm back.
Let the rally continue!
It's that magic 300 we can't seem to break. I mean in the bigger picture 300 is f**k all but we just can't seem to break it & stay above it. |
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8up
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October 27, 2015, 11:43:23 AM |
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weekly rsi overbought. Need to cooldown a bit before we can continue with the rally. Guess people who play it safe will take profits here. But I am holding and move a bit into altcoins.
if this is indeed(?) pre-bubble territory. rsi is nowhere near overbought on the weekly. |
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ChartBuddy
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October 27, 2015, 12:01:58 PM |
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Proxiebuier
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October 27, 2015, 12:08:42 PM |
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it's magic  price comeback to $290 and it's very easy to hit $300 at this moment  Go go go Bitcoin we will hit $300 |
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LFC_Bitcoin
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October 27, 2015, 12:14:40 PM |
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it's magic price comeback to $290 and it's very easy to hit $300 at this moment Go go go Bitcoin we will hit $300 We don't seem to be able to make that final push at the moment for various reasons. |
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