superduh
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May 09, 2013, 08:47:59 AM |
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Never. The bitcoin experiment has ran it's course and will be replaced by better, more scalable, more stable, faster cryptocurrencies. Those left holding bitcoins into 2015 waiting for the next bubble will be the last suckers standing.
yes, you are correct. you should move unto a different board since you are obviously done with bitcoins
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ok
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BubbleBoy
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May 09, 2013, 01:00:47 PM |
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You are confusing the genius and highly successful bitcoin cryptocurrency design with the obnoxious anarcho-libertard crowd that pushes the current chain as an investment and get rich quick scheme. I will continue to inhabit these forums because I'm a crypto and economics geek, and simply ignore the fools.
As for "investing", I rode the bubble on it's upside, then shorted like a boss from 150 down. And I'm gonna keep shorting until the price hits 2-3x it's winter value. Now that's what I call a profitable bubble !
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ThatDGuy
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May 09, 2013, 03:34:24 PM |
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Everything is faster...
22 months between June '11 and April '13.
I'll go with somewhere around six to nine months for the next.
This. A lot of people with vested interest made a lot of money during the most recent one, and it drew a significant amount of interest in the process. Improvements in the infrastructure and lowering barriers for entry from fiat and back would go a long way.
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wonkytonky
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May 09, 2013, 03:51:35 PM |
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Everything is faster...
22 months between June '11 and April '13.
I'll go with somewhere around six to nine months for the next.
This. A lot of people with vested interest made a lot of money during the most recent one, and it drew a significant amount of interest in the process. Improvements in the infrastructure and lowering barriers for entry from fiat and back would go a long way. this. i'm sitting here with 10x the money i started with (.. ready to buy in again.. i'm in for the long run.. .. meanwhile bringing more sepa over to bitcion and slowly bying up more ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ) ..
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Whatever. And no you haven’t been in bitcoin since 2010. Plus if you really feel the way you do. Then sell. Have conviction. If not keep pounding sand.
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ineededausername
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May 09, 2013, 03:54:22 PM |
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Never. The bitcoin experiment has ran it's course and will be replaced by better, more scalable, more stable, faster cryptocurrencies. Those left holding bitcoins into 2015 waiting for the next bubble will be the last suckers standing.
it could take less than another 6 mo for you to be eating your words.
Bitcoin is not going anywhere because it's economically and technically flawed. That being said, a new bubble can very well re-emerge after the current one cools-off, successive bubbles are historically documented. The bubbly appeal is certainly still there: revolutionary, this time is different, game changer, paradigm shift etc. Maybe we can see re-ignition in the pennies range, 0-20c, but that price will not be hit very soon, judging by the subjective interest I see a bull trap is long overdue. However a second bubble with gentler slopes will not in any case comfort the owners of the 1 million or so coins sold in the 15 - 30$ range. Those are millions of dollars of wealth destroyed through mining overvalued bits, and millions of dollars into the pockets of a hand full of "early adopters" pushing the scheme. Not going anywhere, gonna die any day now ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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(BFL)^2 < 0
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superduh
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May 09, 2013, 05:12:58 PM |
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You are confusing the genius and highly successful bitcoin cryptocurrency design with the obnoxious anarcho-libertard crowd that pushes the current chain as an investment and get rich quick scheme. I will continue to inhabit these forums because I'm a crypto and economics geek, and simply ignore the fools.
As for "investing", I rode the bubble on it's upside, then shorted like a boss from 150 down. And I'm gonna keep shorting until the price hits 2-3x it's winter value. Now that's what I call a profitable bubble !
every single "bear" rode the bubble up and shorted at the correct time. it's amazing at how they all get the timing perfectly right
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ok
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hopelessinvestor
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May 10, 2013, 07:45:50 AM |
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EARTHQUAKE.... ... ... aftershock!
Bubbles not over, still experiencing aftershocks.
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bozak
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May 10, 2013, 04:06:01 PM |
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About 6 months, but I don't think it will be a bubble. Near the end of the year we will see another massive uptick in the exchange rate, but it will hold.
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lysr
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May 10, 2013, 04:15:54 PM |
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We will revisit double digits within this month and single digit next month. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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giantdragon
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May 10, 2013, 05:32:50 PM |
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We will revisit double digits within this month and single digit next month. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) And singe digit difficulty also ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) , because all miners will turn off their rigs at this price.
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darkmule
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May 10, 2013, 05:36:50 PM |
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My guess would be anywhere from 6 to 18 months, peaking at anywhere from $500 to $1,500 USD. With a crash to a bottom value of anywhere from $200-600.
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glendall
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May 10, 2013, 05:40:48 PM |
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I think when the next big bankruptcy in the Eurozone happens, will see another bubble. It won't be a speculation-based bubble but more just a rapid increase in value, correcting to the next new plateau for BTC.
Hmm gonna say Spain will be the next big domino to fall in the completely unsustainable continued transfer of wealth from government social spending & taxes to the banking cartels. Gonna say Spain will be taking out further loans they can't pay, in August or September, around the that time the ASIC wave will hit, also really adding to the strength BTC.
short version:
Late August. BTC will go to 330 - 375 peak, will then go down to steady around 245 - 260, and will stabilize here on in to a steady incline up until start of 2014.
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wobber
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May 10, 2013, 06:07:28 PM |
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I think when the next big bankruptcy in the Eurozone happens, will see another bubble. It won't be a speculation-based bubble but more just a rapid increase in value, correcting to the next new plateau for BTC.
Hmm gonna say Spain will be the next big domino to fall in the completely unsustainable continued transfer of wealth from government social spending & taxes to the banking cartels. Gonna say Spain will be taking out further loans they can't pay, in August or September, around the that time the ASIC wave will hit, also really adding to the strength BTC.
short version:
Late August. BTC will go to 330 - 375 peak, will then go down to steady around 245 - 260, and will stabilize here on in to a steady incline up until start of 2014.
Interesting opinion. But if Spain enters crisis, so will the rest of PIGS. I think Greece will be first...
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wobber
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May 10, 2013, 06:11:37 PM |
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And by the way, I still don't think we're in a bubble. Just huge correction. If another 6 weeks will pass and stil downtrend, I'll accept the bubble theory. Until then, no way.
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BubbleBoy
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May 11, 2013, 11:43:57 AM |
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every single "bear" rode the bubble up and shorted at the correct time. it's amazing at how they all get the timing perfectly right
To correctly ride the bubble on the upside I should have invested 100K last year and extract a few million dollars last month. Of course I did not do that, I only invested petty change in what I saw and still see as a high risk greater fool game. That being said, I'm happy with my analysis since 99 times out of 100 it will me keep from losing my shirt in shady investments. The bitcoin billionaires are exactly the type of suckers who usually fall for these schemes and they have little merit of being among the first suckers to head about bitcoin. Their long term success is completely dependent on the supply of future suckers. To ride the bubble on the down slope there's no precise timing required: wait for the burst and a suckers rally, like that peaked on 160, short and hold for a few months. I can't daytrade and profit from the high volatility, but I'm pretty sure a few months from now the price will be much lower than 150$ where I shorted. Easy money. @ineededausername: I see you found an older prediction of mine anticipating another bubble. So I'm the only poster in this thread that actually predicted something. So believe me when I tell you that this time really is different: due to significant competition and innovation spurred by Bitcoin's success, we will not see another bubble into 2015. XRP, Litecoin and many other improved currencies that are to be released in the immediate future will take care of that.
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Hfleer
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May 11, 2013, 12:52:40 PM |
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I wonder where the next peak will be. $1000, $10000, $100000? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If it's anytime before the next reward halving, I couldn't see $10,000. We would need some very strong news even to get near $1,000 right now, which is still a possibility.
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w1R903
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May 11, 2013, 01:00:21 PM |
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Bubble 1 peaked June 8, 2011. Bubble 2 peaked April 10, 2013. 1 year, 10 months, 2 days separate these first two bitcoin bubbles.
Therefore I extrapolate from that evidence to predict that bitcoin bubble 3 will arrive in 672 days ...
Wednesday, February 11, 2015.
My hobby: extrapolation http://xkcd.com/605/
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4096R/F5EA0017
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Seal
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May 11, 2013, 02:54:58 PM |
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Its said the markets move by fear and greed. Given that the last bubble popped when mtgox had issues (greed turning into fear of losing money), my guess is whenever the price rises significantly again and get greedy.... I say itll take around 9 months.
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samson
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May 11, 2013, 04:08:17 PM |
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We'll see after this bubble is finished.
This is not a bubble... 266 was a bubble, that went down to 55, then 160 and back down to 79... next bubble might hit $200 and then back down to $100 sometime in July.... the patterns are there for whoever wants to be objective. I laugh at the people that want to see $40 again... That's what everyone was saying when it was going parabolic on the way to $266. Never say never, this is Bitcoin.
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FNG
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May 11, 2013, 04:18:08 PM |
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The "bubble" I.E uptrend will resume within 96 hrs. That's my speculative prediction
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