Wandererfromthenorth
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August 17, 2014, 02:33:13 PM |
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Bubble's flight has been delayed. Scheduled arrival: November
These are my thoughts exactly. If a new bubble/rally ever comes that is.
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molecular
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August 17, 2014, 02:35:56 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FlCnBw7a.png&t=665&c=Hrdfobu87N-q7Q) those shorts!
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hyphymikey
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August 17, 2014, 02:36:55 PM |
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We will never see $0.92 again!
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molecular
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August 17, 2014, 02:45:20 PM |
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We will never see $0.92 again!
Stored. Lol. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcdn9.staztic.com%2Fapp%2Fa%2F1234%2F1234029%2Ftroll-meme-live-wallpaper-161770-1-s-307x512.jpg&t=665&c=hM1bh9Y3LmvxxA) lol. a bear can dream
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Dump3er
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August 17, 2014, 02:46:52 PM |
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We will never see $0.92 again!
Stored. Lol. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcdn9.staztic.com%2Fapp%2Fa%2F1234%2F1234029%2Ftroll-meme-live-wallpaper-161770-1-s-307x512.jpg&t=665&c=hM1bh9Y3LmvxxA) lol. a bear can dream No, that's where dreams would end. Even mine. Nevertheless I can store it for trolling.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 17, 2014, 02:59:36 PM |
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blade87
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August 17, 2014, 03:06:05 PM |
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Bubble's flight has been delayed. Scheduled arrival: November
These are my thoughts exactly. If a new bubble/rally ever comes that is. Yes if. I wonder the same. Because if everyone is expecting another bubble, can one happen, at least so soon? It's like the perfect trap. And the longer the delay, the worse things will get in this market. It's looking by the end of September, if we're either going to be at $500-$550 (right on target to approach the next bubble) or somewhere around $400 and looking to fall below that. At some point this bubble trend will break and when it does it's going to be a long bear market. The last two bubbles did have some very large sell offs before they began (as in very temporarily breaking the long term trend) so it's just so hard to predict right now.
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adamstgBit
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August 17, 2014, 03:07:01 PM |
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500? never again ... ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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rpietila
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August 17, 2014, 03:22:28 PM |
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Bubble's flight has been delayed. Scheduled arrival: November
These are my thoughts exactly. If a new bubble/rally ever comes that is. Yes if. I wonder the same. Because if everyone is expecting another bubble, can one happen, at least so soon? Yes, it can. But the prediction has to be based on valid logic, applied to factual observations: the rise does not happen because of the actions of the current owners (1-2 million) but is an inevitable consequence of the next generation (5-20 million) buying in.Oh you who have so little faith (and logic )
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Threebits
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August 17, 2014, 03:32:12 PM |
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Bubble's flight has been delayed. Scheduled arrival: November
These are my thoughts exactly. If a new bubble/rally ever comes that is. Yes if. I wonder the same. Because if everyone is expecting another bubble, can one happen, at least so soon? Yes, it can. But the prediction has to be based on valid logic, applied to factual observations: the rise does not happen because of the actions of the current owners (1-2 million) but is an inevitable consequence of the next generation (5-20 million) buying in.Oh you who have so little faith (and logic )Hodling but sad having no fiat to cover for Aug. How do we know the consequence is inevitable that the next generation is 5-200million buying in?
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InstantBitcoin
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+░░+Legendary Bitcoiner+░░
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August 17, 2014, 03:34:12 PM |
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Bubble's flight has been delayed. Scheduled arrival: November
These are my thoughts exactly. If a new bubble/rally ever comes that is. Yes if. I wonder the same. Because if everyone is expecting another bubble, can one happen, at least so soon? Yes, it can. But the prediction has to be based on valid logic, applied to factual observations: the rise does not happen because of the actions of the current owners (1-2 million) but is an inevitable consequence of the next generation (5-20 million) buying in.Oh you who have so little faith (and logic )^ naw it's "hodlers" like Winklevoss...they have deep pockets to keep the ship afloat! jmo ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) haaa
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Sandia
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August 17, 2014, 03:37:23 PM |
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About 5500 shorted btc on BFX. A short squeeze would take us to 625.
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tarmi
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August 17, 2014, 03:38:51 PM |
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About 5500 shorted btc on BFX. A short squeeze would take us to 625.
yes, lets use those shorts for another round of swaps and a pump to 580.
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rpietila
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August 17, 2014, 03:40:45 PM |
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How do we know the consequence is inevitable that the next generation is 5-200million buying in?
If Bitcoin remains a niche, it has failed. It has not replaced the current monetary system. Then new people don't come, and the price also does not rise. Our decision is to analyze, what is the probability for world domination. If it is anything more than 1%, it makes sense to invest quite a significant percentage. The link in my original post shows the blatant absurdity in claiming that the new generation would never arrive, because they are already in the pipeline. Still, even 1% suffices.
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Nightowlace
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August 17, 2014, 03:41:09 PM |
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I really wish all of the trolls here could have been in Raleigh to listen to Edmund Moy (former director of the US Mint) speak about the history of money, the financial collapse, the bank bail out, and how he believes the bitcoin can be the next step in the progression of money and how now more than ever BANKS NEED COMPETITION and bitcoin can give them that. That and his promise that he will continue to use his contacts and influence to advance the adoption and understanding of bitcoin and what it can do for the global economy. In doing so he has asked for our continued support to be innovators, and essentially activists within our own communities to advance the adoption and understanding of bitcoin. It was actually a very inspiring speech.
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mmitech
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things you own end up owning you
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August 17, 2014, 03:43:27 PM Last edit: August 17, 2014, 03:56:03 PM by mmitech |
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I couldn't explain it better than a member of the Slovenian Bitcoin Association, so I am quoting his post. The conclusion is that price will stay unstable due to increasing adoption? I'm not so sure. At least it need not rise proportionally to adoption... One quite simple way to look at this is Fisher's formula for velocity of money: M * V = P * T.
M is money supply (fixed in case of bitcoin), T is num of transactions (rising in orders of magnitude). So to keep the equation balanced, the price (P) can rise but so can V (velocity of money, "frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period"). Velocity has so far in history been rather stable, but given the usefulness of bitcoin for transactions (not very disputed even among critics), I wouldn't dare say V for bitcoin is going to be stable or at the same approximate level as for regular fiat money.
That's why I'm uneasy about projections like "the use of bitcoin will increase 1000x, therefore the price will rise 1000x". I believe the first part, but I don't think the second part follows necessarily.
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Chuckee
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August 17, 2014, 03:54:01 PM |
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bulls still don't get it! the bubble has not been "pushed back". it's not going to happen!
people aren't going to magically start investing billions of dollars into bitcoin in November or whenever you'd like to believe just because of some bullshit numerology.
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adamstgBit
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August 17, 2014, 03:55:48 PM |
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I couldn't explain it better than a member of the Slovenian Bitcoin Association, so I am quoting his post. The conclusion is that price will stay unstable due to increasing adoption? I'm not so sure. At least it need not rise proportionally to adoption... One quite simple way to look at this is Fisher's formula for velocity of money: M * V = P * T.
M is money supply (fixed in case of bitcoin), T is num of transactions (rising in orders of magnitude). So to keep the equation balanced, the price (P) can rise but so can V (velocity of money, "frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period"). Velocity has so far in history been rather stable, but given the usefulness of bitcoin for transactions (not very disputed even among critics), I wouldn't dare say V for bitcoin is going to be stable or at the same approximate level as for regular fiat money.
That's why I'm uneasy about projections like "the use of bitcoin will increase 1000x, therefore the price will rise 1000x". I believe the first part, but I don't think the second part follows necessarily. pretty sure he means price will rise more then use, which is true, it will probably go twice as high as it should.
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ShroomsKit
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August 17, 2014, 03:55:57 PM |
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Bubble's flight has been delayed. Scheduled arrival: November
These are my thoughts exactly. If a new bubble/rally ever comes that is. Yes if. I wonder the same. Because if everyone is expecting another bubble, can one happen, at least so soon? It's like the perfect trap. And the longer the delay, the worse things will get in this market. It's looking by the end of September, if we're either going to be at $500-$550 (right on target to approach the next bubble) or somewhere around $400 and looking to fall below that. At some point this bubble trend will break and when it does it's going to be a long bear market. The last two bubbles did have some very large sell offs before they began (as in very temporarily breaking the long term trend) so it's just so hard to predict right now. What bubble trend? We are already in a bear market. We have been for 8 months now.
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