ArsenShnurkov (OP)
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January 05, 2012, 03:31:39 AM |
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It is obvious bubble (as the previous one),
and right now traders compete to each other - who will sell with crashdown first...
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Serge
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January 05, 2012, 03:37:30 AM |
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no bubble yet, although it's inevitable once news media picks up bitcoin again
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byronbb
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HODL OR DIE
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January 05, 2012, 03:38:49 AM |
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Yeah going to take a couple of days to get the dead money on board.
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kjlimo
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January 05, 2012, 06:45:31 AM |
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no bubble yet, although it's inevitable once news media picks up bitcoin again
"The Good Wife" episode "Bitcoin for Dummies" airs January 15, 2012 estimated to be viewed by 12 million. I just hope they say the word "bitcoin" at least 5 times, woot! As long as 1 out of every 100 people who watch that show go and read about bitcoins, and then 1 out of every hundred people who read actually buy some, that's 1,200 new bitcoin owners who may buy 10 bitcoins each? So that takes care of something. Not much, but it will help this spread word of mouth to new areas of the country. |
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Gabi
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If you want to walk on water, get out of the boat
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January 05, 2012, 11:53:20 AM |
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6$ a bubble? Meh...
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ArsenShnurkov (OP)
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January 05, 2012, 01:26:46 PM |
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And your point is ?
My point that price of bitcoin should rise more slowly (proportional to the number of bitcoin users). And right now we have a bubble. So, I propose to sell. |
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bitclown
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January 05, 2012, 01:55:07 PM |
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And your point is ?
My point that price of bitcoin should rise more slowly (proportional to the number of bitcoin users). And right now we have a bubble. So, I propose to sell. Last time the price began accelerating it caused the number of user to grow massively. Unfortunately the majority of these users were just kids who wanted free candy money from their graphics cards and couldn't care less about the revolutionary properties of the system. The users who actually put money into the market were led to believe that Bitcoin usage was exploding. So I agree, too steep price increases makes mining too profitable for the market's own good.  |
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Serge
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January 05, 2012, 02:10:06 PM |
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no bubble yet, although it's inevitable once news media picks up bitcoin again
"The Good Wife" episode "Bitcoin for Dummies" airs January 15, 2012 estimated to be viewed by 12 million. I just hope they say the word "bitcoin" at least 5 times, woot! As long as 1 out of every 100 people who watch that show go and read about bitcoins, and then 1 out of every hundred people who read actually buy some, that's 1,200 new bitcoin owners who may buy 10 bitcoins each? So that takes care of something. Not much, but it will help this spread word of mouth to new areas of the country. point well taken, but 1 out of 100 and then from those 1 out 100 is a very, very optimistic projection. i wouldn't count anything more then 1 out of thousand or even out of 10000. i would dismiss soap opera at all but it might spark controversy and other news/talk shows may pick up the episode for further discussion. in any case, if bitcoin keeps rising, media will be all over it like last time, sooner or later |
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ArsenShnurkov (OP)
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January 05, 2012, 02:14:06 PM |
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if bitcoin keeps rising, media will be all over it like last time, sooner or later
I disagree. While bitcoin don't set new all time high there is no news event. So, this new informational wave will not come now. |
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Vandroiy
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January 05, 2012, 02:15:08 PM |
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My point that price of bitcoin should rise more slowly (proportional to the number of bitcoin users). And right now we have a bubble. So, I propose to sell.
This is not how speculation works. If the number of Bitcoin users does keep rising and the current price does not yet reflect this, it is a logical consequence for speculators to buy up Bitcoins now and sell them to the newcomers later. Of course, I am aware there are many crazy people around who will just do whatever strange move for whatever reason. If they only like trends, such as in the bubble, we might see pointless over- and under-valuations caused by maniacs again. Still, I won't forget that Bitcoins are not just some fancy item. They're the #1 payment technology of the day. There's just nothing that compares when it comes to automated payment. We have a reason to be enthusiastic. |
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Serge
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January 05, 2012, 02:17:45 PM |
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if bitcoin keeps rising, media will be all over it like last time, sooner or later
I disagree. While bitcoin don't set new all time high there is no news event. So, this new informational wave will not come now. i disagree with your disagreement )) bitcoin above $5 is very newsworthy subject, the rise from the dead, the falling fiat economies, alternative investment / capital storage instruments and such.. |
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