Are people getting greedy again so soon??

nwbitcoin

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You are a geek if you are too early to the party!

My predictions following the crash are totally wrong because I fell into the same trap as everyone else - using the past to predict the future - Newsflash, it doesn't work! If we were talking about a mature market, which was totally commoditized, then my prediction involving the removal of all the bubble money before it starts again would make sense .. BUT ...

We have 2 months of big news bringing people with money into bitcoins. Every one of those people wants to make money, and as such, were interested in getting in early. Early is defined differently depending on your viewpoint. Its $2 for old times, its $20 for people like myself, and its $140 for the new people.

If the price is $70 - its dirt cheap and we know its going to at least double in the near future, so is a good investment. We also have the likes of Max Keiser talking about $100k bitcoins, so every price is cheap at the moment - so why wait?

I really think we are going back to $200 by the end of May - if not the end of April - and its only going to get more volatile!

$1000 by Xmas is still an evens bet! Wink

Dr3AM$cAp3

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Quote from: freedomno1 on April 18, 2013, 08:29:48 PM

Its a bounce just wait for it to go back down

The more I learn about BTC the more sarcasm I hear in posts like this

DoomDumas

legendary

Activity: 1002

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Bitcoin

Just more and more peoples catching on the beauty and the genuis of bitcoin, this can bull to over 200..

Let see if the trend still intact by the end of next week.

freedomno1

legendary

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Learning the troll avoidance button :)

Quote from: ?? on ??

Quote from: MOB on April 18, 2013, 11:41:14 PM

I hitched my wagon to it, but I have no idea how or why this is happening.

I have as well, for better or worse. I have some idea why this is happening. I would call it monetary revolution. I wouldn't dare try to predict the price though. I'm just happy to have been exposed to all of this to watch it go down.

What will they be saying about Bitcoin in 50 years? I hope I'm still around to find out.

Probably the next evolution of the internet before we get VISR's and can enter real Virtual reality and the first decent reform of currency that lead to more fancy things we haven't thought up yet in some book or a footnote lol.
Virtual worlds 1st major currency traded online
But I also want to live to see what will happen

MOB

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Quote from: Peleus on April 18, 2013, 11:32:06 PM

I've learnt one thing from all this.

Fuck daytrading.

Haven't lost money - but I've got NFI what's going on.

QFT

I hitched my wagon to it, but I have no idea how or why this is happening.

Peleus

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I've learnt one thing from all this.

Fuck daytrading.

Haven't lost money - but I've got NFI what's going on.

freedomno1

legendary

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Learning the troll avoidance button :)

Hmm I would like to change my opinion well Colbert has a big base and with the investment firms will cancel the deadcat bounce a bit and say this may be a second rally instead Grin

if not == true go to opinion B XD

rbgrish

newbie

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Hell yes there is new moneYcomming into the bitcoin mkt. I read and watched btc for two years, until the spike I really didnt take it seriously, now I have been waiting 8 days to get verifieD mtgox and am still 8756 back in the que.
All the things everyone is talking about, you should be rejocing about if seing btc evolve into what, I thought you wanted it to become, a true altenative currency that does not inflate every ear to a lower value.
Anyone who looks at the dffrerence in the high price and where it is now is not seeing what I see, what I look at is the price it was in january 2012 compared to wher it is now.
I am a financial advisor full time, and if this were a stock with the exact same chart and I still saw the number of new buyers begging to get in (as I am) I would mortguage my house to buy more of that stock.

to smooth out the volatility just keep some of your money in fiat and some in bitcoin for now. Remember if one is down the other is up. dont spend your btc when it is down use fiat then.

BE HAPPY! BITCOIN HAS GONE MAINSTREAM!!!!!!!!!!!!!!!!!!!!!

Birdy

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Quote from: Peter Lambert on April 18, 2013, 09:44:45 PM

Quote from: Cluster2k on April 18, 2013, 08:28:13 PM

I'm 50/50 on whether this is new buyers popping up and shoving money into the market or just a dead cat bounce after the bubble inevitably popped. If it's the former than it's time to cautiously buy, if it's the latter it's a very good idea to sit out a few months and let others get burned.

Bitcoins were featured on Colbert Report yesterday. This is all the current users getting in before the millions who were just exposed get a chance to buy some.

It takes a while until the new users are able to use the system, verification of account or new funds take days.
And at least some of the new users will buy, so it's not a bad idea.

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: Cluster2k on April 18, 2013, 08:28:13 PM

I'm 50/50 on whether this is new buyers popping up and shoving money into the market or just a dead cat bounce after the bubble inevitably popped. If it's the former than it's time to cautiously buy, if it's the latter it's a very good idea to sit out a few months and let others get burned.

Bitcoins were featured on Colbert Report yesterday. This is all the current users getting in before the millions who were just exposed get a chance to buy some.

freedomno1

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Learning the troll avoidance button :)

Quote from: NamelessOne on April 18, 2013, 08:36:26 PM

Quote from: freedomno1 on April 18, 2013, 08:29:48 PM

Its a bounce just wait for it to go back down

I imagine it will go down somewhat, enough for permabears to shout beartrap 1000 times, but when/if it becomes clear that it is only a correction from this movement that kind of talk will start to fade.

Well O'Leary and some major investment firms may be putting some money in right now to acquire some positions which would explain the higher trade volumes but using standard parabolic bubble data theirs usually a corrective bounce known as the deadcat before we start to see real price changes so depends

Tril

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Western Union and Moneygram article link for the lazy:
https://bitcointalksearch.org/topic/2013-04-18-foxbusiness-bitcoin-buzz-draws-western-union-moneygram-179943

IMHO the recent "bubble" as it's been called, was from Venture Capital and other wealthy investors and they got a bit hyper. Since crash was caused by MtGox lag, they did what any reasonable person would do: wait a week and see if MtGox lag recurs. Lag is fixed, so it's back to normal slow steady rise. If we are at 140 by April 26 that's a doubling every month. Any faster and I expect more corrections.

awakening

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Quote from: MatTheCat on April 18, 2013, 08:52:50 PM

When I bought my first Bitcoins for Silk Road purchases (nearly all my Bitcoins have gone there), it cost me around 3 GBP, about 8-9 months down the line, Bitcoins were costing about 5-6 GBP. Now this is almost a 100% move in less than a year. But you know what, traders and people doing business with Bitcoin can deal with this. They cant deal with what has happened between March and April 2013.

If the coin ranges around 100 - 150 USD for the next 6 months, in the world of Bitcoin, that is stable and individuals who are likely to make economic transactions using the currency will be able to deal with this, thus a "stable base" will have been found. But I dont believe that this will turn out to be the stabilised price. I think that there is still a shit load of speculative hot money that will seek to leave Bitcoin as soon as it realises that for now, the parasite party is over.

Many SilkRoad sellers have won more money by now from selling some of the stack in the bubble than from selling drugs. I'm sure.
Almost all my coins went to SilkRoad or other shops also. Grin

MatTheCat

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Quote from: DeathAndTaxes on April 18, 2013, 06:06:13 PM

Note: this isn't to say one should be bullish on the price change in the short term. That is a different debate. However Bitcoin isn't going to be any more stable if it declines another 80%. It is going to be just as volatile at $20 USD:BTC as it is at $100 USD:BTC.

When I bought my first Bitcoins for Silk Road purchases (nearly all my Bitcoins have gone there), it cost me around 3 GBP, about 8-9 months down the line, Bitcoins were costing about 5-6 GBP. Now this is almost a 100% move in less than a year. But you know what, traders and people doing business with Bitcoin can deal with this. They cant deal with what has happened between March and April 2013.

If the coin ranges around 100 - 150 USD for the next 6 months, in the world of Bitcoin, that is stable and individuals who are likely to make economic transactions using the currency will be able to deal with this, thus a "stable base" will have been found. But I dont believe that this will turn out to be the stabilised price. I think that there is still a shit load of speculative hot money that will seek to leave Bitcoin as soon as it realises that for now, the parasite party is over.

jubalix

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Quote from: gmiwenht on April 18, 2013, 02:47:30 PM

"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful."
― Warren Buffett

I used to be a huge bull up until the crash. I am no longer trading due to personal circumstances. But in general, I think that to be successful you have to know when to adjust your views. Those who are stubborn get burned.

This is how I see it:

The previous crash 17 to 2 or there abouts was much larger, a crash of the same size would have seen this go to about 9$...

It tried to break through $50....twice if not more....

I wish it went to a few $ then I could buy

awakening

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I have sells at 140$ and buys at 50$ Grin

Dispersed, but like 50% is in these two points.

botlove

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the part that bothers me a is that the total volume of coins for sale today is 1/3 what it was yesterday (on Gox). That either means that 'Joe the plumber' owns 2/3 of the bitcoins now (could be a good thing in the long run as they get familiar with market making skills) or more than likely, the price is being pumped in preparation for the next dump. I probably shouldn't point out how easy it is to tell that there is an unrestricted rise at the moment. But they didn't pay me to stay quiet. =) So, it's a cautious buy from me for today, but no higher than 115 for today, which means I either go to the bank tonight for deposit, or sit this price out and wait for the market to cool down.

NamelessOne

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Quote from: freedomno1 on April 18, 2013, 08:29:48 PM

Its a bounce just wait for it to go back down

I imagine it will go down somewhat, enough for permabears to shout beartrap 1000 times, but when/if it becomes clear that it is only a correction from this movement that kind of talk will start to fade.

humanitee

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Quote from: Cluster2k on April 18, 2013, 08:28:13 PM

I'm 50/50 on whether this is new buyers popping up and shoving money into the market or just a dead cat bounce after the bubble inevitably popped. If it's the former than it's time to cautiously buy, if it's the latter it's a very good idea to sit out a few months and let others get burned.

Without a doubt it's new money. Go look at the total volume for the last 11 days in USD. It is massive. The order book is at an ATH as well.

It feels crazy, doesn't it?

freedomno1

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Learning the troll avoidance button :)

Its a bounce just wait for it to go back down

Topic: Are people getting greedy again so soon?? (Read 5356 times)