bitwhizz (OP)
Legendary
 Offline
Activity: 910
Merit: 1000
|
 |
November 06, 2013, 11:05:35 PM |
|
Disclaimer -
OP is a long term bull and holder of bitcoins
Op wants the price to keep going up
Op understands we are in an unsustainable bubble right now
|
|
|
|
|
|
|
|
|
|
"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
TheJuice
|
|
November 06, 2013, 11:06:51 PM |
|
what bubble?
|
|
|
|
|
BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
|
|
November 06, 2013, 11:08:30 PM |
|
The last "bubble" did not last. The next "bubble" will do the same. Sure there will be some volatility but over the long run the price will just continue to go up.
|
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
|
|
|
bitwhizz (OP)
Legendary
Offline
Activity: 910
Merit: 1000
|
|
November 06, 2013, 11:11:32 PM |
|
what bubble?
the 100 dollar rise in bitcoin value in ten days - generally known as a bubble - looks at a two year chart on bitcoin and see the other two instances this occurred, and no this time isn't different. THe price is irrational right now , however i do believe in longterm value appreciation for bitcoin |
|
|
|
|
rocks
Legendary
Offline
Activity: 1153
Merit: 1000
|
|
November 06, 2013, 11:15:17 PM |
|
what bubble?
the 100 dollar rise in bitcoin value in ten days - generally known as a bubble - looks at a two year chart or bitcoin and see the other two instances this occurred, and no this time isn;t different. THe price is irrational, however i do believe in longterm value appreciation for bitcoin The only "bubbles" with bitcoin have been rapid > 10x price movements. The first in 2011 from 0.01 to ~30 and the second in 2013 from ~10 to 266. Going from ~130ish to 266 is not a bubble by this metric. We will be in bubble land if the price rapidly moves to >1,500. Until then this is a stable rise. |
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
|
|
November 06, 2013, 11:19:13 PM |
|
When it doubles for the fifth time it will crash to the 3rd double and then even out to the 4th.
|
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
|
|
|
TERA
|
|
November 06, 2013, 11:22:46 PM |
|
The bitcoin economy suddenly grows from a single major (incompetent) exchange to several high volume highly liquid exchanges plus etfs, second market, etc. The price goes up 80% over an entire month to a level that its already visited during the mtgox era. This is a bubble?
|
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 06, 2013, 11:23:51 PM |
|
404
bubble not found
|
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
bitwhizz (OP)
Legendary
Offline
Activity: 910
Merit: 1000
|
|
November 06, 2013, 11:25:47 PM |
|
considering this rally is being led by solely by the chinese, i would call it a bubble
|
|
|
|
|
|
Tirapon
|
|
November 06, 2013, 11:27:42 PM |
|
considering this rally is being led by solely by the chinese, i would call it a bubble
You sir, are racist!  |
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 06, 2013, 11:28:12 PM |
|
bubble would be if we went to 400 tomorrow and 720 on an intraday spike the following day
there will be a correction, I am sure, but the current price is close to long term trends
|
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
Don007
Legendary
Offline
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
|
|
November 06, 2013, 11:28:23 PM |
|
I'm sure it will decrease in price again, but no one knows when. And, when the price has fallen a bit, it will increase again. This pattern keeps coming back in my opinion. Allthough I don't think it will decrease to a price less than $200,-.
|
{Curently quite inactive as I'm really busy in my private life. I will get back soon!} -> Your line here during my inactivity? Feel free to PM <- |
|
|
|
cambda
|
|
November 06, 2013, 11:37:48 PM |
|
The only "bubbles" with bitcoin have been rapid > 10x price movements. The first in 2011 from 0.01 to ~30 and the second in 2013 from ~10 to 266.
Going from ~130ish to 266 is not a bubble by this metric.
We will be in bubble land if the price rapidly moves to >1,500. Until then this is a stable rise.
What characterize bubble is fast price increase, near the bubble pop is often even higher price increase. Im pretty sure we are in a bubble now, only question of time when the bubble pop |
|
|
|
|
|
TERA
|
|
November 06, 2013, 11:47:27 PM |
|
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
|
|
|
|
|
jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
|
|
November 06, 2013, 11:48:32 PM |
|
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
this |
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
bitwhizz (OP)
Legendary
Offline
Activity: 910
Merit: 1000
|
|
November 07, 2013, 12:09:02 AM |
|
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
i'm not new to bitcoin, i've seen 4% rise a day before, and i've seen the outcome |
|
|
|
|
sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
|
|
November 07, 2013, 12:23:19 AM |
|
After the real bubble begins and the chart rescales, October/November will be seen as the "steady rise period" like march. Anyone who thinks 4%/day is fast is new to bit coin.
i'm not new to bitcoin, i've seen 4% rise a day before, and i've seen the outcome Yeah, after about a month they eventually gave way to 10% a day gains |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
|
|
|
zedicus
Legendary
Offline
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
|
|
November 07, 2013, 12:53:57 AM |
|
404
bubble not found
ding ding ding |
|
|
|
Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
|
|
November 07, 2013, 07:49:04 AM |
|
Then 4% a day it will be  |
|
|
|
|
simplydt
|
|
November 07, 2013, 07:53:13 AM |
|
I think to have a real bubble it must pop and never recover, so a price correction would probably be a better term. If ever bitcoin goes to below $1, that will be a bubble pop! (imho)
|
|
|
|
|
|
Poll
