[POLL] Are you getting off the train?

[EvilPanda]

Why would I get off? In the last 6 months my $100 bitcoins became worth 500% more. If I kept my money in the bank I wouldn't have earned more than 5%, so the investment is doing great.

[drippx]

Why would I get off? In the last 6 months my $100 bitcoins became worth 500% more. If I kept my money in the bank I wouldn't have earned more than 5%, so the investment is doing great.

SOme people will get off because they recently bought btc this month at around the 550 levels so its understandable

[twiifm]

With so many imminent signs of a bubble burst.   Its be foolish  be bagholder here.    Even crazier to catch falling knives.

Too bad its not easy to short bitcoin.   I really wanted to short from 1200

[seriouscoin]

With so many imminent signs of a bubble burst.   Its be foolish  be bagholder here.    Even crazier to catch falling knives.

Too bad its not easy to short bitcoin.   I really wanted to short from 1200

LOL a noob and his bubble burst theory..... Wow something we've never seen b4 

[kthejung]

With so many imminent signs of a bubble burst.   Its be foolish  be bagholder here.    Even crazier to catch falling knives.

Too bad its not easy to short bitcoin.   I really wanted to short from 1200

LOL a noob and his bubble burst theory..... Wow something we've never seen b4 

+1.  price drops a $100 and suddenly it's a train about to derail...

[twiifm]

If you've never seen bubble burst its a beautiful thing to see unfold.

I've been trading stocks and options since 99.  Learned a lot those years.   Saw the bust of dot com,  real estate and now beginningz of tech 2.0 bubble burst.

Call me a noob  if it makes you sleep better investing in a time bomb.

Its like the APPL cult of 2012.  TSLA cult of 2013.  Hard to call the top.   But all the signs are there

[ebliever]

I'd like to thank all the absurd Doomsayers today. I just bought (as opposed to mined) my first bitcoin tonight. Expect to have a nice profit in a few days.

[ebliever]

If you've never seen bubble burst its a beautiful thing to see unfold.

I've been trading stocks and options since 99.  Learned a lot those years.   Saw the bust of dot com,  real estate and now beginningz of tech 2.0 bubble burst.

Call me a noob  if it makes you sleep better investing in a time bomb.

Its like the APPL cult of 2012.  TSLA cult of 2013.  Hard to call the top.   But all the signs are there

With examples like those you could look at current and projected earnings and profits and so forth. How do you propose to do the same with bitcoin? You are claiming knowledge you do not have.

What we do know is that more people are learning about bitcoin and getting involved every day, and new tools and new businesses accepting it are springing up all around us. We are not even within 1% of market saturation, so your claim of a "bubble" is asinine.

[counter]

on the contrary I'm holding my seat and looking for some extra seats just in case lol.  Hodl for life I say.

[the joint]

If you've never seen bubble burst its a beautiful thing to see unfold.

I've been trading stocks and options since 99.  Learned a lot those years.   Saw the bust of dot com,  real estate and now beginningz of tech 2.0 bubble burst.

Call me a noob  if it makes you sleep better investing in a time bomb.

Its like the APPL cult of 2012.  TSLA cult of 2013.  Hard to call the top.   But all the signs are there

Actually, the way I see it, everybody who is new to this market and legitimately has something to lose is panicking in reaction to news they don't understand.

And, the way I see it, all the cooler, experienced heads are focused on the overwhelming positive news going on every day, all the time, on every continent.  Seriously, there have been so many amazing developments in terms of infrastructure in just the past 3-6 months alone that I suspect there will be a *lot* of weak hands catching falling tears instead of knives.

Edit:  All the signs are there, eh?  What about this sign?

[jnada]

And, the way I see it, all the cooler, experienced heads are focused on the overwhelming positive news going on every day, all the time, on every continent.  Seriously, there have been so many amazing developments in terms of infrastructure in just the past 3-6 months alone that I suspect there will be a *lot* of weak hands catching falling tears instead of knives.

Edit:  All the signs are there, eh?  What about this sign?

+1

I just bookmarked your "show last posts" link

[twiifm]

If you've never seen bubble burst its a beautiful thing to see unfold.

I've been trading stocks and options since 99.  Learned a lot those years.   Saw the bust of dot com,  real estate and now beginningz of tech 2.0 bubble burst.

Call me a noob  if it makes you sleep better investing in a time bomb.

Its like the APPL cult of 2012.  TSLA cult of 2013.  Hard to call the top.   But all the signs are there

With examples like those you could look at current and projected earnings and profits and so forth. How do you propose to do the same with bitcoin? You are claiming knowledge you do not have.

What we do know is that more people are learning about bitcoin and getting involved every day, and new tools and new businesses accepting it are springing up all around us. We are not even within 1% of market saturation, so your claim of a "bubble" is asinine.

You're right with stocks you can use fundamentals for price prediction.   However there are no bitcoin fundmentals so its pure speculation.   It a roulette bet on red or black. It'll either be the greatest thing ever or a fad that disappear or morph into something else

But im not talking about purely fundamentals.   Just investor psychology is same during all bubbles.   You have bears on one side creating doom and gloom.   Bulls on the other side talking up future perfection and market monopolies.   When these arguments get loud and public thens its probably a bubble

I'm not claiming I know the future or anything.   Just that I've traded a few bubbles before and I've seen some similarities in terms of psychology.  And this smells like a bubble

[twiifm]

If you've never seen bubble burst its a beautiful thing to see unfold.

I've been trading stocks and options since 99.  Learned a lot those years.   Saw the bust of dot com,  real estate and now beginningz of tech 2.0 bubble burst.

Call me a noob  if it makes you sleep better investing in a time bomb.

Its like the APPL cult of 2012.  TSLA cult of 2013.  Hard to call the top.   But all the signs are there

Actually, the way I see it, everybody who is new to this market and legitimately has something to lose is panicking in reaction to news they don't understand.

And, the way I see it, all the cooler, experienced heads are focused on the overwhelming positive news going on every day, all the time, on every continent.  Seriously, there have been so many amazing developments in terms of infrastructure in just the past 3-6 months alone that I suspect there will be a *lot* of weak hands catching falling tears instead of knives.

Edit:  All the signs are there, eh?  What about this sign?

If I superimpose AAPL chart from 2012 on your chart using same time frame it might look eerily similar.

I have an interest in stock movement and I study bubble charts.   You'd be surprised how many charts look similar.  

All the bubbles I studied develop in 4 stages.   First stage is pretty flat with a slight rise w low volume.   Then a quick rise with increased volume.   This rise is escalator type rise.   Then large corection usually retraced to some fibonacci like 32.8%.  Then a short parabolic rise.

At the top theres usually a technical reversal pattern like a head n shoulder.   The bust is sharp but at a fibonacci again a small pull back.   All bubbles eventually retrace 100% to pre bubble price.   And it may start over as a bigger bubble or it goes sideways for a long long time like MSFT

[Satosh¡ Slot]

Captains go down with their ship, see Seinfeld season 1, episode5 "The Stock Tip".

[grendel25]

Just can't compare this to a stock.  Crypto currency has unique features and much more tangible usefulness.  Until crypto trade is regulated, these violent value swings based on fud will be common

[twiifm]

Just can't compare this to a stock.  Crypto currency has unique features and much more tangible usefulness.  Until crypto trade is regulated, these violent value swings based on fud will be common

You can compare them from aspect of psychology.   Candlesticks were invented in feudal Japan for trading rice.   Its still used broadly by all traders today

A lot of bubble charts look similar because what causes the bubble is psychological not fundamental.

To me even your steadfast defense of your investment based on future unknowns instead of fundmentals is signs of bubbles.   Bulls usually will convince themselves regardless of what reality throws at them.   And a common defense "this time its different"

[alani123]

Just can't compare this to a stock.  Crypto currency has unique features and much more tangible usefulness.  Until crypto trade is regulated, these violent value swings based on fud will be common

Do we really want them gone though? If you had bought some hours ago you would have now had a good 5% profit. Would this be possible without the volatility? I don't think so. It propably wouldn't have been possible with any other investment you could make. To some extent, this is what makes bitcoin what it is.

[xb0x]

haha, damn cool animation

[5thStreetResearch]

the greatest potential bitcoin offers as an investment is not in buying and holding coins but in investing in the companies that support the network/ ecosystem

[RenegadeMind]

Why would I get off the train? It slows down every now and then, but nothing is stopping this train.



CHOO~! CHOO~!