Yeah, I said Beanie Baby.
Topic: Did this forum turn uberbullish? (Read 2630 times)
Can't wait for Bitcoin to enter into it's "Beanie Baby" phase and hit $800 for a few weeks, then slump back down to $250-350.
Yeah, I said Beanie Baby.
Yeah, I said Beanie Baby.
Forum has always been full of turbobulls.
They just got quiet for a while.
They just got quiet for a while.
We had to let the bears throw their tantrums so they could get it out of their systems.... and so we could have cheap bitcoins.
Forum has always been full of turbobulls.
They just got quiet for a while.
They just got quiet for a while.
I'm almost certain we'll see double digits before 2016 and single digits are a possibility.
Reasoning?
There's no virtually no demand except speculative demand (buying BTC on the belief they'll be worth more in the future), the technology is immature and the economy is practically nonexistent. Actual use (number of daily transactions) hasn't grown nearly in proportion to the rise in price. There's a lot of wishful thinking going around in the forum.
I'm not buying at these prices. Not selling either. I sold a portion of my coins in April for $192/BTC, and I do not regret that decision.
"belief they're be worth more in the future" isn't a bad reason to buy unless there's reason to believe they won't be worth more in the future. The next reason you gave is "technology is immature," which can and likely will be remedied in the future, making it good to buy now.
Transactions don't matter yet because Bitcoin is more Gold 2.0 than Currency 2.0 right now. Not a problem; Gold 2.0 is worth an incredible amount to the people of the world, so that alone could drive the price up 1000 times.
Once we are above $10,000/BTC we can start to worry about transaction volume and merchant adoption.
It's funny to me that the newcomers to Bitcoin are so much more fanatic/deluded than some like me who bought coins at <1 USD.
If you've actually lived the history, it gives you a different perspective. Not necessarily the correct one though .....
Last time we were here, Gox was lagging and getting DDOSed to hell. And it was the leading exchange.
It's funny to me that the newcomers to Bitcoin are so much more fanatic/deluded than some like me who bought coins at <1 USD.
If you've actually lived the history, it gives you a different perspective. Not necessarily the correct one though .....
It's funny to me that the newcomers to Bitcoin are so much more fanatic/deluded than some like me who bought coins at <1 USD.
I'm almost certain we'll see double digits before 2016 and single digits are a possibility.
Reasoning?
There's no virtually no demand except speculative demand (buying BTC on the belief they'll be worth more in the future), the technology is immature and the economy is practically nonexistent. Actual use (number of daily transactions) hasn't grown nearly in proportion to the rise in price. There's a lot of wishful thinking going around in the forum.
I'm not buying at these prices. Not selling either. I sold a portion of my coins in April for $192/BTC, and I do not regret that decision.
I'll be necroing this post when it reaches $1000.
I'm almost certain we'll see double digits before 2016 and single digits are a possibility.
The only way we will see double digits is if BTC is dead.
@sgbett and again, a process that follows an exponential growth must be plotted logarithmically to appear properly. And this definitely applies to BTC.
Thats the point of the chart bubba. Big move up now ends up looking like flat line in grand scheme of things. x
Last few days transactions have been totaling ~1m bitcoin (right now 1.1m btc) and if theres 12m bitcoins that means on average a bitcoin is being spent 30x a year. I'm just not seeing how people are hoarding, the currency is being used to transact and currently at a rate faster than most others. I believe that bitcoin will surge in this bubble and quickly fall back to about where it is now maybe 250-300.
I'm almost certain we'll see double digits before 2016 and single digits are a possibility.
Reasoning?
There's no virtually no demand except speculative demand (buying BTC on the belief they'll be worth more in the future), the technology is immature and the economy is practically nonexistent. Actual use (number of daily transactions) hasn't grown nearly in proportion to the rise in price. There's a lot of wishful thinking going around in the forum.
I'm not buying at these prices. Not selling either. I sold a portion of my coins in April for $192/BTC, and I do not regret that decision.
I agree with your premises. Demand is speculative, technology is immature, underlying economy is small and transactional growth is linear. But the potential is so huge that it is hard to see even a 3bn US$ market cap as excessive. There must be literally hundreds of medium-large sized technology companies that are bigger than that, most of which have nothing like the potential of Bitcoin. I too feel slightly uncomfortable with this week's surge and doubtless it will crash just like in April. But even after this crash (and the next one and the one after that) I can't see any show-stoppers for this amazing innovation.
well we are constantly rising, that seems like a bull market, so we should be bullish!
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
When it was at $60? When there is more room to increase you should be more bullish in general.
1 day later, the rally that brought us to 200+ started. And i sold the day before. FTW!
Ouch, well I sold in July and bought back in October. Do the math. I'm sure lots of fools on this forum that listened to people posting.
Arguably the same could be said for BUY BUY BUY as SELL SELL SELL
HOLD HOLD HOLD
I'm almost certain we'll see double digits before 2016 and single digits are a possibility.
Reasoning?
There's no virtually no demand except speculative demand (buying BTC on the belief they'll be worth more in the future), the technology is immature and the economy is practically nonexistent. Actual use (number of daily transactions) hasn't grown nearly in proportion to the rise in price. There's a lot of wishful thinking going around in the forum.
I'm not buying at these prices. Not selling either. I sold a portion of my coins in April for $192/BTC, and I do not regret that decision.
But many will use btc for the real economy there is behind it and as a store of value, so i don't see it collapsing.
In short, btc will always go up, on a logarithmic scale. What happens on the short period doesn't really matter.
I'm almost certain we'll see double digits before 2016 and single digits are a possibility.
Reasoning?
There's no virtually no demand except speculative demand (buying BTC on the belief they'll be worth more in the future), the technology is immature and the economy is practically nonexistent. Actual use (number of daily transactions) hasn't grown nearly in proportion to the rise in price. There's a lot of wishful thinking going around in the forum.
I'm not buying at these prices. Not selling either. I sold a portion of my coins in April for $192/BTC, and I do not regret that decision.
well we are constantly rising, that seems like a bull market, so we should be bullish!
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
When it was at $60? When there is more room to increase you should be more bullish in general.
1 day later, the rally that brought us to 200+ started. And i sold the day before. FTW!
Ouch, well I sold in July and bought back in October. Do the math. I'm sure lots of fools on this forum that listened to people posting.
Arguably the same could be said for BUY BUY BUY as SELL SELL SELL
well we are constantly rising, that seems like a bull market, so we should be bullish!
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
When it was at $60? When there is more room to increase you should be more bullish in general.
1 day later, the rally that brought us to 200+ started. And i sold the day before. FTW!
well we are constantly rising, that seems like a bull market, so we should be bullish!
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
When it was at $60? When there is more room to increase you should be more bullish in general.
well we are constantly rising, that seems like a bull market, so we should be bullish!
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?
If I were a Red Socks fan I wouldn't be posting on a Red Socks forum asking if everyone here seemed to be uberexcited about the Red Socks right now.
I'm just saying.
I'm just saying.
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