Topic: Bitcoin's a fad and it's on fire... higher than a fantasy, like a singularity... (Read 738 times)
May 31, 2016, 02:50:20 AM
Bitcoin never really retraced all the way back to where it was before it pumped.
May 31, 2016, 02:44:27 AM
Keep in mind that when those were made, there certainly was a bubble: from $20 to $240, then crashed to $80.
But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.
Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.
But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.
Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.
remember the last pump 230--->500 then dump to 430, same thing will happen, but with a smaller size in the pump
so maybe not 800 as a new target but only 600-700, definitely not soemthing that will crash hard ad return to the first point when dumped...
The Chinese exchanges seem to have a higher value than the western exchanges - if there is genuine capital flight going on then it makes sense that people would buy on the Chinese exchanges and sell on the western exchanges for dollars. The sell pressure on the other side of getting your money out should ensure that it doesn't quite go to the moon.
May 31, 2016, 01:28:18 AM
Keep in mind that when those were made, there certainly was a bubble: from $20 to $240, then crashed to $80.
But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.
Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.
But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.
Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.
remember the last pump 230--->500 then dump to 430, same thing will happen, but with a smaller size in the pump
so maybe not 800 as a new target but only 600-700, definitely not soemthing that will crash hard ad return to the first point when dumped...
May 30, 2016, 02:24:15 AM
proudhon was a shortterm bear but longterm bull
i hope that poor guy still has some bitcoin, but i doubt it.
i hope that poor guy still has some bitcoin, but i doubt it.
May 30, 2016, 12:00:33 AM
Ah.. Proudhon. I remember him fondly..
Sure, he was completely wrong, but at least he put some *effort into being wrong, with *some semi-believable rationales and explanations that sounded vaguely credible..sometimes.
Not like todays new-fangled imitation bears who think that "Bitcoin is broken, wait for 2.0, Altcoin "X" is better, prepare for dump !" and such is credible negative analysis.
Although there were gems of his like "Bitcoin is overvalued at $10, I think the real value is somewhere around $1-$2" (shortly before the rise to $32), and an earlier one I forget the exact words to about it being "ridiculous and delusionary" that *anyone would think that these imaginary internet tokens could possibly have equal value to the US dollar at about the time it reached dollar parity.
Ah, who wouldnt love to go back in time and show him the future. (and snatch up some sub-$1 coins as well
)
And to all you current bears.. you're just pale shadows of the original llama-headed Bitcoin-bear - Proudhon.
People probably wont even remember your name, unless you have really demonstrated a sustained serious case of embarassing verbal diarrhea (kwack Kwack).
Sure, he was completely wrong, but at least he put some *effort into being wrong, with *some semi-believable rationales and explanations that sounded vaguely credible..sometimes.
Not like todays new-fangled imitation bears who think that "Bitcoin is broken, wait for 2.0, Altcoin "X" is better, prepare for dump !" and such is credible negative analysis.
Although there were gems of his like "Bitcoin is overvalued at $10, I think the real value is somewhere around $1-$2" (shortly before the rise to $32), and an earlier one I forget the exact words to about it being "ridiculous and delusionary" that *anyone would think that these imaginary internet tokens could possibly have equal value to the US dollar at about the time it reached dollar parity.
Ah, who wouldnt love to go back in time and show him the future. (and snatch up some sub-$1 coins as well
)And to all you current bears.. you're just pale shadows of the original llama-headed Bitcoin-bear - Proudhon.
People probably wont even remember your name, unless you have really demonstrated a sustained serious case of embarassing verbal diarrhea (kwack Kwack).
May 29, 2016, 10:27:48 PM
Ah, I remember listening to that in the second crash in 2012 
And I miss proudhon.
And I miss proudhon.
May 29, 2016, 10:16:01 PM
Keep in mind that when those were made, there certainly was a bubble: from $20 to $240, then crashed to $80.
But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.
Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.
But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.
Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.
i'm planning on trading a bit in the next bubble but I will definitely try to end up having more btc by the end of it because i think even after the bubble collapses eventually bitcoin will rise again to dwarf that bubble
May 29, 2016, 10:11:45 PM
classic, they stay great.
May 29, 2016, 07:43:21 PM
Keep in mind that when those were made, there certainly was a bubble: from $20 to $240, then crashed to $80.
But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.
Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.
But if you bought at anytime during that bubble and held, you still have a nice return over the last 3 years.
Whether we are in the midst of a bubble right now still remains to be seen. The price has doubled over the last year and gone up 20% in the last month. Neither of those seem that excessive. But, if the price doubles a few more times in the next couple months, I am definitely going to be selling.
May 29, 2016, 02:09:18 PM
Hey, you got to love the pessimists amongst us... Bubble, Bear or whatever.... we have heard it all before. They show a crash after MtGox and then they call it a bubble? Bitcoin is on fire... and you can
bet your bottom dollar, most of us is going to ride this wave.
... If you want to listen to a quality song... listen to this : https://www.youtube.com/watch?v=XEBWtbhq0Ts
Here is to 1000's of mini bubbles to come.... Bring the bubbly
bet your bottom dollar, most of us is going to ride this wave.
... If you want to listen to a quality song... listen to this : https://www.youtube.com/watch?v=XEBWtbhq0Ts Here is to 1000's of mini bubbles to come.... Bring the bubbly
May 29, 2016, 02:03:08 PM
May 29, 2016, 01:55:35 PM
The proudhon song (bitcoin is a bubble)
https://www.youtube.com/watch?v=A7TuFy0fcuw
I love listening to this during rallies.
https://www.youtube.com/watch?v=A7TuFy0fcuw
I love listening to this during rallies.
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