How does the Bitcoin Collapse Start?

unk

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Quote from: chretienm on June 06, 2011, 03:50:32 PM

It is almost mathematecially impossible for a bitcoin collapse to occur

this sort of reasoning is deeply flawed. by analogy, you'd have to say it's 'almost mathematically impossible' for the population of iceland to remain so small, given all the worldwide travel and the fact that iceland has such a low population density.

finance, like many other human affairs, doesn't work like a thermodynamic system that can be analyzed in simple stochastic-entropic terms.

TiagoTiago

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Firstbits.com/1fg4i :)

I have great faith in the resilience of Bitcoin, and for the sake of my little hoard hope others do too

chretienm

jr. member

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It is almost mathematecially impossible for a bitcoin collapse to occur since there are trillions that could move into it and it is limited supply and huge convenience= increasing demand. If a Govt declared it illegal and they will ,then I expect perhaps a few weeks or months dip in price but other than that we should see no losing quarters probably no losing months and I project 150 by 2012 maybe 1000..look there are less than 7 million bitcoins.If a billion dollars pours into bitcoins (which is a super small amount of all that could pour into it) the price would be over $140 per bitcoin.Face it we who are in early are gonna make some very good cash. Wait till the drug lords start parking their money in bitcoins or the mob or just a billionaire or two

fetokun

full member

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Presale is live!

what about:

More than 50% of bitcoiners become addicted to gambling and drugs and fork the project to generate coins for themselves and maintain their addiction (just like stealing from your own house)

cloud9

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Can you add to the polling list? :

People start trading on reputation trust systems not requiring a medium of exchange.

Wouldn't this be the only reason that can collapse Bitcoin, if something better gets adopted?

CravenEconomics

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Activity: 210

Merit: 10

Quote from: Bit_Happy on June 06, 2011, 01:15:42 AM

If anyone cares to notice, my advice was exactly correct, this time. Cheesy

SHHHH though...don't tell anybody! lol

Astro

sr. member

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Merit: 250

Nothing to see here.

http://www.investopedia.com/terms/l/low_volume_pullback.asp

Bit_Happy

legendary

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A Great Time to Start Something!

If anyone cares to notice, my advice was exactly correct, this time. Cheesy

itsagas

newbie

Activity: 59

Merit: 0

[/quote]

True. These threads should be moderated. We could have a single collapse thread but we dont need 5 new ones every day.
[/quote]

Exactly. The title on this thread sounds like it may be an intelligent conversation about how it could collapse, instead... buy.. buy ... sell... hurry the roof is falling.

These threads of people trying to influence the market through the forums should be deleted for sure.

cyberaa

newbie

Activity: 57

Merit: 0

this makes me laugh so hard seriously i think its some bad guys,they have discovered huge fails on bitcoin and now are creating fake btc.
So if you want to sell me your coins for 1 dollar before they are worth nothing here is your chance ...
lol

Bit_Happy

legendary

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A Great Time to Start Something!

Quote from: Clipse on June 05, 2011, 03:53:35 PM

I simply had to point out, its HERD not HEARD.

Thanks Wink

Oops, Edits done, thanks.

Clipse

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I simply had to point out, its HERD not HEARD.

Thanks Wink

Bit_Happy

legendary

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A Great Time to Start Something!

Quote from: CravenEconomics on June 05, 2011, 03:30:49 PM

To say CORRECTION over buy now is just ridiculous...to say a "correction" happens every weekend and then ends Sunday is just as ridiculous.

..tends to start on Sunday afternoon/eve != to say a "correction" happens every weekend and then ends Sunday
You have clearly misquoted me.

Did you even notice my primary point was to teach others about the herd mentality? I know it's "ridiculous".
It's also "ridiculous" to have a 15 Trillion USD debt, do you also find fault with that opinion?

airdata

hero member

Activity: 1148

Merit: 501

Quote from: S3052 on June 05, 2011, 01:49:47 PM

Too many people calling for a collapse or crash...

Very likely most of them want to buy BTC cheaper.

Not sure if they will be successful, as the Technical Analysis shows a typical pausing consolidation, with another likely upmove to test or break 20$

True. These threads should be moderated. We could have a single collapse thread but we dont need 5 new ones every day.

Anth0n

full member

Activity: 144

Merit: 101

Every time a huge rally ends we have this same discussion. Then another rally begins and people talk about prices of $1000+ by the end of the year. People's opinions with Bitcoin are often too extreme.

CravenEconomics

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Merit: 10

To say CORRECTION over buy now is just ridiculous...to say a "correction" happens every weekend and then ends Sunday is just as ridiculous.

Bit_Happy

legendary

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A Great Time to Start Something!

Quote from: CravenEconomics on June 05, 2011, 03:13:50 PM

Quote from: Bit_Happy on June 05, 2011, 03:09:46 PM

Quote from: carbonpenguin on June 05, 2011, 02:36:17 PM

Quote from: stic.man on June 05, 2011, 01:52:57 PM

Jesus Christ man nobody is trading right now and new money isn't coming in. This has happened every weekend, this happens in a 24/7 market playing by 40-hr workweek rules

Is anyone arbitraging this trend yet?

The new rally tends to start on Sunday afternoon/eve.
Correction over BUY NOW!!!

lol this guy is obviously trying to sell his BTC

LOL, actually:
1) I've seen more than one weekend end with a strong rally that starts on Sunday afternoon/eve.

2) The "herd mentality" is the downfall of many good people.
How many of the BTC'ers who are afraid to buy this moment:
{"ticker":{"high":18.998,"low":16.2,"vol":27622,"buy":16.32,"sell":16.3902,"last":16.3902}}
are the very same ones who panic buy when the rest of the "heard" is also buying?

CravenEconomics

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Quote from: Bit_Happy on June 05, 2011, 03:09:46 PM

Quote from: carbonpenguin on June 05, 2011, 02:36:17 PM

Quote from: stic.man on June 05, 2011, 01:52:57 PM

Jesus Christ man nobody is trading right now and new money isn't coming in. This has happened every weekend, this happens in a 24/7 market playing by 40-hr workweek rules

Is anyone arbitraging this trend yet?

The new rally tends to start on Sunday afternoon/eve.
Correction over BUY NOW!!!

lol this guy is obviously trying to sell his BTC

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: carbonpenguin on June 05, 2011, 02:36:17 PM

Quote from: stic.man on June 05, 2011, 01:52:57 PM

Jesus Christ man nobody is trading right now and new money isn't coming in. This has happened every weekend, this happens in a 24/7 market playing by 40-hr workweek rules

Is anyone arbitraging this trend yet?

The new rally tends to start on Sunday afternoon/eve.
Correction over BUY NOW!!!

carbonpenguin

full member

Activity: 236

Merit: 100

Quote from: stic.man on June 05, 2011, 01:52:57 PM

Jesus Christ man nobody is trading right now and new money isn't coming in. This has happened every weekend, this happens in a 24/7 market playing by 40-hr workweek rules

Is anyone arbitraging this trend yet?

Topic: How does the Bitcoin Collapse Start? (Read 6712 times)