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avw1982
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February 19, 2015, 08:21:58 AM
 #41

Buying bitcoin is like a great gamble. But I think the changes are bigger to get more back then loose it.
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February 19, 2015, 11:23:02 AM
 #42

Buying bitcoin is like a great gamble. But I think the changes are bigger to get more back then loose it.

I think it also depends on your general strategy to trading.

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February 19, 2015, 11:27:14 AM
 #43

Either a great time to buy, or bad as hell because btc is dying.
Chose your option, but I think possible reward still greatly excedes the risk.
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February 19, 2015, 05:19:08 PM
 #44

Everytime they say great time to buy, Bitcoin's price drops. I don't think the time has come yet. We need to see sub-150 coins first.

Sub-150? You could end up waiting for ever.  Smiley

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February 19, 2015, 05:44:38 PM
 #45

Anything above zero means the experiment lives on.  So far it's been 6 years in counting.

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

Just buy now, while you still can.

CharityAuction
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February 19, 2015, 07:20:06 PM
 #46

Anything above zero means the experiment lives on.  So far it's been 6 years in counting.

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

Just buy now, while you still can.

Actually, I think the Feds have already legitimized it by offering Bitcoin Auctions 3 times!!  Shocked

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February 19, 2015, 07:22:31 PM
 #47



Oh, snap ninjas! I'm a Senior Member!!

https://www.youtube.com/watch?v=CNJg3oM_wyE

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February 19, 2015, 07:27:09 PM
 #48

Anything above zero means the experiment lives on.  So far it's been 6 years in counting.

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

Just buy now, while you still can.

you sound just like op in dec 5th 2013 lol, but its true, bitcoin has that extra wildcard,halving, so even if it wanted to stay frozen in terms of price its virtualy impossible.
So the question you are asking is will it survive until the halving; sure it will, and not just that, it will probably spark up another bubble, and til that bubble bursts, another halving will happen,. etc--etc-
u get my point, bitcoin was briliantly created by someone who obviously has deep roots in economics.

cheers
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February 19, 2015, 11:53:30 PM
 #49

Everytime they say great time to buy, Bitcoin's price drops. I don't think the time has come yet. We need to see sub-150 coins first.

Technically if you believe that bitcoin's price will rise significantly anytime after now, it's always a great time to buy.

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February 20, 2015, 05:19:10 AM
 #50

The confidence returning to job markets means more disposable income and more interest in bitcoin.  watch out...

..EPICENTRAL .....
..EPIC: Epic Private Internet Cash..
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February 20, 2015, 06:40:42 AM
 #51

let just hope it will start to rise little by little



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ThatDGuy
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February 20, 2015, 03:49:07 PM
 #52

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

It's already lasted 6 years, like you mentioned.

Anyone using the phrases "tulip" or "beanie baby" as a parallel is a fucking idiot, and has been for a while.
NotLambchop
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February 20, 2015, 03:50:46 PM
 #53

...
Anyone using the phrases "tulip" or "beanie baby" as a parallel is a fucking idiot, and has been for a while.

If you say so, Anon Undecided
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February 20, 2015, 04:28:38 PM
 #54

...
Anyone using the phrases "tulip" or "beanie baby" as a parallel is a fucking idiot, and has been for a while.

If you say so, Anon Undecided

You tell him boss!   Cheesy

Let's get all these guys to short those BTCeanie BTCabies like crazy.



CharityAuction
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February 20, 2015, 04:43:32 PM
 #55

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

It's already lasted 6 years, like you mentioned.

Anyone using the phrases "tulip" or "beanie baby" as a parallel is a fucking idiot, and has been for a while.

You should buy more and prove the analogy wrong, so far it's working out decently well.


[/img



okthen
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February 20, 2015, 05:23:20 PM
 #56

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

It's already lasted 6 years, like you mentioned.

Anyone using the phrases "tulip" or "beanie baby" as a parallel is a fucking idiot, and has been for a while.

You should buy more and prove the analogy wrong, so far it's working out decently well.


[/img




What I never understand when people do this kind of comparison is the lack of understanding that no matter what bubble you zoom in to, 2011, 2013, whichever, they ALWAYS look like the tulip graph.
The difference is that bitcoin always has a next one Smiley
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February 20, 2015, 05:45:43 PM
 #57

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

It's already lasted 6 years, like you mentioned.

Anyone using the phrases "tulip" or "beanie baby" as a parallel is a fucking idiot, and has been for a while.

You should buy more and prove the analogy wrong, so far it's working out decently well.


[/img




What I never understand when people do this kind of comparison is the lack of understanding that no matter what bubble you zoom in to, 2011, 2013, whichever, they ALWAYS look like the tulip graph.
The difference is that bitcoin always has a next one Smiley
The tulip bubble fits better than any other bubble in history chart wise.

The tulip bubble had 2 major bubbles as you can see.
The BTC bubble had 3. The last 2 of them look exactly as the tulip ones, the first one (the 32$ to 2$ one, on mtgox) was done when price and market cap were more than 100X less what they are today, so a lot easier to pump and insignificant in scale as the other ones.

What's your point?

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February 20, 2015, 08:11:52 PM
 #58

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

It's already lasted 6 years, like you mentioned.

Anyone using the phrases "tulip" or "beanie baby" as a parallel is a fucking idiot, and has been for a while.

You should buy more and prove the analogy wrong, so far it's working out decently well.


[/img


What I never understand when people do this kind of comparison is the lack of understanding that no matter what bubble you zoom in to, 2011, 2013, whichever, they ALWAYS look like the tulip graph.
The difference is that bitcoin always has a next one Smiley
The tulip bubble fits better than any other bubble in history chart wise.

The tulip bubble had 2 major bubbles as you can see.
The BTC bubble had 3. The last 2 of them look exactly as the tulip ones, the first one (the 32$ to 2$ one, on mtgox) was done when price and market cap were more than 100X less what they are today, so a lot easier to pump and insignificant in scale as the other ones.

What's your point?

His point is exactly what he said, pay attention because reading comprehension is important:


What I never understand when people do this kind of comparison is the lack of understanding that no matter what bubble you zoom in to, 2011, 2013, whichever, they ALWAYS look like the tulip graph.
The difference is that bitcoin always has a next one Smiley

To illustrate this, I'll use the exact tulip chart you linked.  It came from this site:

http://seekingalpha.com/author/dan-naumov/instablog

What's unintentionally funny about your post is that you used a picture that this guy posted trying to compare BTC to tulips back in April of 2013.  The top line of that blog post read as follows:

"Bitcoin Breaks 100$"

...he proposed his version of the theory and put it up on 4/2/2013.

Put very simply, He tried to say exactly what you're saying now almost two years ago.  He was wrong then.  It turned out to be a false analogy based on only the value aspect of BTC to something else that had value at some point in history.  Trying to claim the same thing now comes off as either stupid, FUD, or trolling - or some combination of the three.  Your user name and lacking content shed light on which of those three your claim is largely comprised of.

Now, the author was correct in saying BTC was in a bubble at that time.  Plenty of people were saying it and were right.  He then went on to incorrectly make the assumption that because BTC was in a bubble that it would behave identically to something else in history that also went through a bubble... despite the two assets/items in question having nothing else in common.  At one point in their history, tulips did have scarcity in common with BTC - again, given that we're discussing ridiculously different assets, their scarcity was not limited by their design.  Supply of tulips started to catch up.  The supply of BTC is fixed.  

Guess what happened after he wrote this? The bubble popped, BTC corrected, did lots of sideways movement, corrected more and then went through the fucking roof.  Again.  

Just like it did when it went up to $266 from $10.
Just like it did when it went up to $32 from <$1.

Getting back to your flawed point:

The tulip bubble fits better than any other bubble in history chart wise.

Except that it doesn't.  The tulip's value bubble correlates with all of BTC's bubbles for possibly 90% of the initial duration.  The ridiculously important detail you missed was the last 10% when Tulips go right to 0 and BTC corrects down, does some price finding and then survives, and has historically gone on to do it all the fuck over again, and see a new ATH due largely to speculation.
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February 20, 2015, 08:26:59 PM
 #59

I see people say its great time to buy irrespective of the price all the time. But its true Tongue

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February 20, 2015, 08:39:59 PM
 #60

If it survives until the halving next year, maybe it isn't just a Tulip-mania or Beanie Babies scenario.  If it last that long, could it be......Legit???

It's already lasted 6 years, like you mentioned.

Anyone using the phrases "tulip" or "beanie baby" as a parallel is a fucking idiot, and has been for a while.

You should buy more and prove the analogy wrong, so far it's working out decently well.


[/img




What I never understand when people do this kind of comparison is the lack of understanding that no matter what bubble you zoom in to, 2011, 2013, whichever, they ALWAYS look like the tulip graph.
The difference is that bitcoin always has a next one Smiley
The tulip bubble fits better than any other bubble in history chart wise.

The tulip bubble had 2 major bubbles as you can see.
The BTC bubble had 3. The last 2 of them look exactly as the tulip ones, the first one (the 32$ to 2$ one, on mtgox) was done when price and market cap were more than 100X less what they are today, so a lot easier to pump and insignificant in scale as the other ones.

What's your point?

My point is, if we have yet another bubble now, the Nov 2014 one will look like the tiny rise on the tulip graph.
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