Me=Noob in a bubble -> no problem or am i missing something here?

[zeroday]

I haven't seen even a single real crash in bitcoin history yet, but only massive long lasting bear traps.

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[HarmonLi]

This is not like the previous bubble, the market has expended recently like never before

what are you saying? new paradigm? never gonna see these prices again?

[sgbett]

I haven't seen even a single real crash in bitcoin history yet, but only massive long lasting bear traps.

True dat!

[Ibian]

Not clear on why there would be a crash. We have more than one big exchange now, big names coming on board, chinese doing their chinese thing. In order for bitcoin to become a real currency with meaningful economic impact it will have to grow massively in value. What am I missing?

[DeathAndTaxes]

Not clear on why there would be a crash. We have more than one big exchange now, big names coming on board, chinese doing their chinese thing. In order for bitcoin to become a real currency with meaningful economic impact it will have to grow massively in value. What am I missing?

Still doesn't mean it can't grow too quickly and correct.   If it was certain that Bitcoin is going to $10,000 with no drops on the way and then forever remain above $10,000 .... well it would ALREADY be $10,000.

Just because Bitcoin ends up much larger in the future doesn't mean there can't be crashes along the way.   Hell you should almost COUNT on there being multiple more crashes on the way.

[wobber]

Not clear on why there would be a crash. We have more than one big exchange now, big names coming on board, chinese doing their chinese thing. In order for bitcoin to become a real currency with meaningful economic impact it will have to grow massively in value. What am I missing?

About 1.5M USD per day just to sustain these prices.

[Ibian]

Of course the price can still drop but people seem to be expecting it. Why? What signs point to it happening? Is it just the fiat mentality people can't let go of or is there something more to it?

[DeathAndTaxes]

Of course the price can still drop but people seem to be expecting it. Why? What signs point to it happening? Is it just the fiat mentality people can't let go of or is there something more to it?

Do you generally expect assets to continually double in shorter and shorter timeframes?  The chart is starting to look rather parabolic.  Not saying it is going to crash here but if i continues to grow the daily growth it is the likelihood of a crash increases.  

One can simultaneously believe in the long term possibility of Bitcoin and also believe the exchange rate has come too far too fast and look for a correction.  Ironically enough people being cautious about the possibility of a correction can slow the bubble and makes a correction less likely.