Why bitcoin isn't going to crash

[piramida]

Yup.

I would have said it applied back in April 2013 and also early November 2013, yet now look where we are.

No matter how many delusional bears post it, it is not getting any smarter. It never - hear me - not once - was even remotely correct in bitcoin world. Each of the "crashes" ended up higher than the previous top and much higher than the runup to the crash. So, in terms of that silly graph, *all* of bitcoin corrections were bear traps. Each and every one of them.

[beetcoin]

Yup.

I would have said it applied back in April 2013 and also early November 2013, yet now look where we are.

No matter how many delusional bears post it, it is not getting any smarter. It never - hear me - not once - was even remotely correct in bitcoin world. Each of the "crashes" ended up higher than the previous top and much higher than the runup to the crash. So, in terms of that silly graph, *all* of bitcoin corrections were bear traps. Each and every one of them.

are you sure about your statement? it ended up lower than its starting point in 2011. so yeah, before you call bears delusional, you should really check the facts. how many booms have we had, about 3? well, your statement doesn't fit with 1 of them, but it does with the other. so far you're 50%.

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-06-04zeg2011-06-13ztgSzm1g10zm2g25

[Bitsurprise]

Of course, if we are in the `delusion` phase, nobody is going to admit that. It is the delusion phase, after all.

+1 , nearly 100 fold from the beginning of the year and still not enough ! so if anyone was holding $2k worth of coins now its worth around 200k how is that not greedy ?! price will revert to the mean takes time though and it may stretch to the upside a bit before the selloff , but there is a big difference between 1200 and 32 its not the same ...

[Bipity Bupity]

i dont think it will crash, apart from little bumps up and down..it gettin more and more popular..

[Bitsurprise]

it gettin more and more popular..

Thats the whole idea of the public phase , and getting popular doesnt mean its worth 1200 or whatever , we shall see anyway .

[notme]

Yup.

I would have said it applied back in April 2013 and also early November 2013, yet now look where we are.

No matter how many delusional bears post it, it is not getting any smarter. It never - hear me - not once - was even remotely correct in bitcoin world. Each of the "crashes" ended up higher than the previous top and much higher than the runup to the crash. So, in terms of that silly graph, *all* of bitcoin corrections were bear traps. Each and every one of them.

are you sure about your statement? it ended up lower than its starting point in 2011. so yeah, before you call bears delusional, you should really check the facts. how many booms have we had, about 3? well, your statement doesn't fit with 1 of them, but it does with the other. so far you're 50%.

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-06-04zeg2011-06-13ztgSzm1g10zm2g25

The time period you chose is a bounce during the correction following 32.  It was not the start of a new rally.  Try backing up the start date a bit.  The rally started at $1, hit $32, and then bottomed at $2.

[piramida]

Yup.

I would have said it applied back in April 2013 and also early November 2013, yet now look where we are.

No matter how many delusional bears post it, it is not getting any smarter. It never - hear me - not once - was even remotely correct in bitcoin world. Each of the "crashes" ended up higher than the previous top and much higher than the runup to the crash. So, in terms of that silly graph, *all* of bitcoin corrections were bear traps. Each and every one of them.

are you sure about your statement? it ended up lower than its starting point in 2011. so yeah, before you call bears delusional, you should really check the facts. how many booms have we had, about 3? well, your statement doesn't fit with 1 of them, but it does with the other. so far you're 50%.

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-06-04zeg2011-06-13ztgSzm1g10zm2g25

Yeah I'm absolutely positive about what I say, while you aren't. I was there when it happened, the actual rally started after breaking $1, and decline ended in a year at about $2. The local crash to $10 was after a runup from $4.

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-04-01zeg2011-06-13ztgSzm1g10zm2g25