Are we in another bubble? - page 2. | Bitcointalksearch.org

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: Malophor on October 02, 2012, 08:37:19 AM

It makes sense that there is a lot of speculation with the hash rate change and ASIC's coming out.

There are 7,200 BTC issued per day (well, until around Nov 30th, then 3,600 BTC issued per day) -- regardless of the amount of mining (with the exception of the few days until difficulty adjusts for any rise or fall).

Why would the hash rate and ASICs coming out affect the Bitcoin exchange rate?

BTConomist

full member

Activity: 126

Merit: 100

Quote from: Technomage on October 02, 2012, 09:13:31 AM

We may be at the start of a bubble but I think it's very unlikely that we're in a bubble now.

It's time to have me some HONEY.
Let's call this one the OCTOBER FEAST.
There's enough honey for everyone!
Don't forget to bring a big spoon.

Technomage

legendary

Activity: 2184

Merit: 1056

Affordable Physical Bitcoins - Denarium.com

We may be at the start of a bubble but I think it's very unlikely that we're in a bubble now.

kokojie

legendary

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It's just inflation rate after halving will be greatly slowed, so there's not much price pressure. Any small growth in the bitcoin economy will cause price to go up.
People are speculating that price next year will be greatly more than the current price, so they are not selling. Right now I don't think we are in a bubble yet,
not until price go back to $30

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

I don't believe it's a bubble. I think it's healthy growth.

http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=

Malophor

newbie

Activity: 56

Merit: 0

Looking at the reports of massive growth in the exchange rate from BTC to USD I am left wondering if we are in the middle of another bubble. It makes sense that there is a lot of speculation with the hash rate change and ASIC's coming out. What do you think? Is it likely that we will crash to under $5 in the next year?

Topic: Are we in another bubble? - page 2. (Read 2958 times)