It went down from 31.5 to 27 now.
BITCOIN BUBBLE!
Topic: Bitcoin gonna burst? - page 2. (Read 11942 times)
Order book not looking very healthy.
a bit of a downward motion is expected as we've had a sharp rally today... im sure over the next week or two itll average upwards
Order book not looking very healthy.
Bitcoin volume (US dollars, MTGox) for the past 12 hours = 1.3 million
For the past YEAR: 13.96 million
Almost 10% of the volume (of course in US dollars), has been in the past 12 hours. The bubble is nearing its peak.
For the past YEAR: 13.96 million
Almost 10% of the volume (of course in US dollars), has been in the past 12 hours. The bubble is nearing its peak.
if people keep buying them then they wont be a bubble. And least say tomorrow some whit whit a hell of a lot of coins sells them all and coins droop to a few$ a coin you woudl have a hell of a lot of people buying them up and the price will go back. now if every one stops buying them then yes there will be a bubble and lest say that it stays at 1usd a coin but big stores start taking them driving prices back up. the only way there can be a bubble is some one can start making fake coins, the gov or some one whit a hell of a lot of power steps in, or people just lose trust in the bitcoin. what will happen is that the price will stabilize someplace a lot of people sell out the price falls then ether stays that way or climbs back up as more buy them up hooping to get rich like the first batch of people did.
how can you compare BTC to anything? There has never been anything like it
if more people use bitcoin, $/btc rate will rise like steam.
Doesn't steam eventual cool and fall?
This is magic steam.
Edit: I should have also said 'The cooler bitcoin gets the faster it rises'.
Hasn't the bubble been "nearing its peak" since it reached parity with the dollar?
Bitcoin volume (US dollars, MTGox) for the past 12 hours = 1.3 million
For the past YEAR: 13.96 million
Almost 10% of the volume (of course in US dollars), has been in the past 12 hours. The bubble is nearing its peak.
For the past YEAR: 13.96 million
Almost 10% of the volume (of course in US dollars), has been in the past 12 hours. The bubble is nearing its peak.
I think governments will try to shut it down before the bitcoin bubble can burst.
if more people use bitcoin, $/btc rate will rise like steam.
Doesn't steam eventual cool and fall?
So far the pattern has been huge rally, partial decline, huge rally, partial decline, etc. During the rallies people say $1000 by year's end, and during the declines people wonder if it will collapse. Personally, I don't forecast a collapse since I can't possibly imagine everyone suddenly losing interest in Bitcoin simultaneously for no reason. Minor pullbacks, however, will always happen.
I expect this to continue. The hugeness of the rallies has kind of shocked me, and I do expect them to slow down a bit, but I think Bitcoin will hit natural equilibrium at about $100 per bitcoin and at that point will only fluctuate slightly, plus adjust due to dollar inflation.
The math are simple, if more people use bitcoin, $/btc rate will rise like steam. $100/btc is not a natural equilibrium anymore than $0.01/btc.
I think that the figures that people are coming up with for the size of the bitcoin economy are unrealistic and that it is likely to stabilize at approx $100/BTC Just my opinion of course, based on a not terribly exhaustive knowledge of economics.
So far the pattern has been huge rally, partial decline, huge rally, partial decline, etc. During the rallies people say $1000 by year's end, and during the declines people wonder if it will collapse. Personally, I don't forecast a collapse since I can't possibly imagine everyone suddenly losing interest in Bitcoin simultaneously for no reason. Minor pullbacks, however, will always happen.
I expect this to continue. The hugeness of the rallies has kind of shocked me, and I do expect them to slow down a bit, but I think Bitcoin will hit natural equilibrium at about $100 per bitcoin and at that point will only fluctuate slightly, plus adjust due to dollar inflation.
The math are simple, if more people use bitcoin, $/btc rate will rise like steam. $100/btc is not a natural equilibrium anymore than $0.01/btc.
So far the pattern has been huge rally, partial decline, huge rally, partial decline, etc. During the rallies people say $1000 by year's end, and during the declines people wonder if it will collapse. Personally, I don't forecast a collapse since I can't possibly imagine everyone suddenly losing interest in Bitcoin simultaneously for no reason. Minor pullbacks, however, will always happen.
I expect this to continue. The hugeness of the rallies has kind of shocked me, and I do expect them to slow down a bit, but I think Bitcoin will hit natural equilibrium at about $100 per bitcoin and at that point will only fluctuate slightly, plus adjust due to dollar inflation.
Please cn speculators and those who dont cre about the moral success of bitcoin please be quiet, yes profits are great
The "moral success" of creating wealthy superpowers while the rest of the world scrounges for coppers?You are talking about the dollar, right?
Please cn speculators and those who dont cre about the moral success of bitcoin please be quiet, yes profits are great and make us happy but the real exercise of bitcoin is to create an decentralised currency and those who are uneducated about this must learn this! Read about how bitcoin could have helped the wikileaks scandal or help those in oppressed areas suc as china or korea!
Why couldn't Bitcoin be used for legit business, too?
And, as for the Ponzi scheme, I'd suggest you read this thread: http://forum.bitcoin.org/?topic=7815.0
And, as for the Ponzi scheme, I'd suggest you read this thread: http://forum.bitcoin.org/?topic=7815.0
i'd rather be using bitcents or smaller denominations for everyday spending haha
4) In a few weeks time, when the media have had their fill, price begins to level out. People who are in it for a quick buck realise this isn't a going to make them rich over night and sell. Less buyers due to less publicity, snowball etc etc
We could surpass the 20$/btc barrier rather soon. Anyway, I really hope to see bitcoin fall so I can buy some more. My target is no to earn dollars, but to collect bitcoins.
Same here, I'd much prefer the use of bitcoins as a currency and not for speculation
4) In a few weeks time, when the media have had their fill, price begins to level out. People who are in it for a quick buck realise this isn't a going to make them rich over night and sell. Less buyers due to less publicity, snowball etc etc
We could surpass the 20$/btc barrier rather soon. Anyway, I really hope to see bitcoin fall so I can buy some more. My target is no to earn dollars, but to collect bitcoins.
4) In a few weeks time, when the media have had their fill, price begins to level out. People who are in it for a quick buck realise this isn't a going to make them rich over night and sell. Less buyers due to less publicity, snowball etc etc
Jump to: