How to avoid BTC booming too fast? (like the housing bubble?)

Lethn

legendary

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Reading the thread, don't understand how it got into a conversation about attractive girls distracting you while driving O_O

That said, I completely understand, I suspect that attractive girls are almost certainly the reason behind the statistics about young men crashing so often, it's just you'll never get anyone to admit it Tongue

I saw a girl with some fantastic boobs one time and even though I didn't crash I completely forgot to make a turn and was halfway down the road before I realised where the hell I was >_<

The worse one for me is when it's a girl with massive boobs and she's jogging.

Also, I actually think the price is stabilising now, we'll have to wait awhile longer for some news to try and shake things up but I haven't seen very much movement from Bitcoin, which is good news for me Cheesy

bryant.coleman

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Activity: 3766

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I don't think that BTC is booming too fast. The current market cap ($12 b USD) is no way near the market-share of Visa / Master, or even that of Paypal / WU. I think BTC is quite cheap at current levels.

empoweoqwj

hero member

Activity: 518

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Quote from: JY7510 on February 03, 2014, 05:26:25 PM

Quote from: atc1 on February 02, 2014, 01:32:37 AM

Quote from: JY7510 on February 01, 2014, 11:59:47 PM

Quote from: Dogtanian on January 02, 2014, 11:13:41 AM

Quote from: hilariousandco on January 02, 2014, 10:23:41 AM

Quote from: niothor on January 02, 2014, 10:12:11 AM

Quote from: hilariousandco on January 02, 2014, 09:17:52 AM

Boobs are good. It's the crashes that follow that are bad. Or not depending on how you take advantage of the situations.

FTFY.

Ha. What crashes are bad with boobs? Unless you lose concentration whilst driving.

There are many road traffic accidents caused by men gawping at women on the side of the road.

As humiliating as it is to admit, that definitely happened to me. It was her legs; she had very nice legs. Nearly ran the bitch over. Would have been boss if I got her number: "Hey, I nearly killed you. This is crazy. Here's my numblah blah blah"

Bitcoin.

Lol,what?

It was a warm summer's eve. I was out for a drive. Then I saw this stunning woman whose legs seemed to glow. It was as if they were speaking to me, "Come to me, I will open for you." Next thing I know, my tie rod is bent and my FR tire is shredded; I hit the curb.

Nutshell version:

1. Pretty girl
2. I got distracted
3. Car blew up
4. Lols all around

Not sure you should be on the road lol. Pretty girls are everywhere

JY7510

newbie

Activity: 5

Merit: 0

Quote from: atc1 on February 02, 2014, 01:32:37 AM

Quote from: JY7510 on February 01, 2014, 11:59:47 PM

Quote from: Dogtanian on January 02, 2014, 11:13:41 AM

Quote from: hilariousandco on January 02, 2014, 10:23:41 AM

Quote from: niothor on January 02, 2014, 10:12:11 AM

Quote from: hilariousandco on January 02, 2014, 09:17:52 AM

Boobs are good. It's the crashes that follow that are bad. Or not depending on how you take advantage of the situations.

FTFY.

Ha. What crashes are bad with boobs? Unless you lose concentration whilst driving.

There are many road traffic accidents caused by men gawping at women on the side of the road.

As humiliating as it is to admit, that definitely happened to me. It was her legs; she had very nice legs. Nearly ran the bitch over. Would have been boss if I got her number: "Hey, I nearly killed you. This is crazy. Here's my numblah blah blah"

Bitcoin.

Lol,what?

It was a warm summer's eve. I was out for a drive. Then I saw this stunning woman whose legs seemed to glow. It was as if they were speaking to me, "Come to me, I will open for you." Next thing I know, my tie rod is bent and my FR tire is shredded; I hit the curb.

Nutshell version:

1. Pretty girl
2. I got distracted
3. Car blew up
4. Lols all around

atc1

sr. member

Activity: 308

Merit: 250

Quote from: JY7510 on February 01, 2014, 11:59:47 PM

Quote from: Dogtanian on January 02, 2014, 11:13:41 AM

Quote from: hilariousandco on January 02, 2014, 10:23:41 AM

Quote from: niothor on January 02, 2014, 10:12:11 AM

Quote from: hilariousandco on January 02, 2014, 09:17:52 AM

Boobs are good. It's the crashes that follow that are bad. Or not depending on how you take advantage of the situations.

FTFY.

Ha. What crashes are bad with boobs? Unless you lose concentration whilst driving.

There are many road traffic accidents caused by men gawping at women on the side of the road.

As humiliating as it is to admit, that definitely happened to me. It was her legs; she had very nice legs. Nearly ran the bitch over. Would have been boss if I got her number: "Hey, I nearly killed you. This is crazy. Here's my numblah blah blah"

Bitcoin.

Lol,what?

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: Come-from-Beyond on January 02, 2014, 04:44:52 AM

Quote from: Interized on January 02, 2014, 04:43:30 AM

The whole world can't start using BTC tomorrow.

What is the solution?

There is no a solution. The scalability issue can't be fixed without a hard fork.

even with a hard for how would it be done, also how well does NXT scale???

JY7510

newbie

Activity: 5

Merit: 0

Quote from: Dogtanian on January 02, 2014, 11:13:41 AM

Quote from: hilariousandco on January 02, 2014, 10:23:41 AM

Quote from: niothor on January 02, 2014, 10:12:11 AM

Quote from: hilariousandco on January 02, 2014, 09:17:52 AM

Boobs are good. It's the crashes that follow that are bad. Or not depending on how you take advantage of the situations.

FTFY.

Ha. What crashes are bad with boobs? Unless you lose concentration whilst driving.

There are many road traffic accidents caused by men gawping at women on the side of the road.

As humiliating as it is to admit, that definitely happened to me. It was her legs; she had very nice legs. Nearly ran the bitch over. Would have been boss if I got her number: "Hey, I nearly killed you. This is crazy. Here's my numblah blah blah"

Bitcoin.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

It always cracks me up when people think the free market needs to be manged. The relative success of Bitcoin over Ripple where Ripple Labs essentially acts like a central bank, is evidence that active management is a net negative. Adoption means price increase which means more hashing power. It self regulates. Almost anyone with an incentive to harm the network has a larger incentive for it to succeed.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: davidpbrown on February 01, 2014, 04:10:05 PM

If merchants for a while switch coins received for fiat, then spending your Bitcoins is the answer.

If Bitcoin takes off, it'll be because there is more ready access to buy; and if then there are places to spend and people spending to match that new income, then the price will not rise as quickly as it might with only buyers. So, perhaps wealthy developers and miners and then others with lots of coins, really should spend as many as they can afford to early on in that rise - and ideally relative to where they came in.

Except nobody has the right to tell anyone else what to do with their personal finances or investment decisions Wink

davidpbrown

sr. member

Activity: 531

Merit: 260

Vires in Numeris

If merchants for a while switch coins received for fiat, then spending your Bitcoins is the answer.

If Bitcoin takes off, it'll be because there is more ready access to buy; and if then there are places to spend and people spending to match that new income, then the price will not rise as quickly as it might with only buyers. So, perhaps wealthy developers and miners and then others with lots of coins, really should spend as many as they can afford to early on in that rise - and ideally relative to where they came in.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: CompNsci on January 31, 2014, 06:40:14 PM

Quote from: jr3951 on January 05, 2014, 07:06:13 AM

Right, but housing was also fueled by bad lending practices, and housing is apples and oranges compared to bitcoin, a more apt comparison is dutch tulips if you wanted to make it, of course BTC will bubble, its not the top you should look at for BTC health, its the floor, and the floor seems to be doing great by all accounts, the last crash saw the floor at 400+

Apparently even the famous "tulipomania" may have been driven to a large extent by the Dutch government changing laws governing such contracts (see http://en.wikipedia.org/wiki/Tulipomania#Modern_views). Most of these large historical bubbles are where the government had a hand in distorting the market, like the recent 2008 mortgage bubble.

Bitcoin is interesting in that the bubbles seem to reflect the bubbly enthusiasm, but without government driving it (so far as we know).

This is a people's bubble

tinus42

hero member

Activity: 784

Merit: 501

Quote from: Come-from-Beyond on January 02, 2014, 04:44:52 AM

Quote from: Interized on January 02, 2014, 04:43:30 AM

The whole world can't start using BTC tomorrow.

What is the solution?

There is no a solution. The scalability issue can't be fixed without a hard fork.

Why hasn't this been done yet? It's better to be ahead of the curve rather than wait for problems to appear later on.

MakeBelieve

hero member

Activity: 602

Merit: 500

Quote from: Kenshin on January 02, 2014, 11:18:03 AM

BTC needs to boom fast, to attract more investors.

That's true it will attrack investors to buy cheap and sell high.

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Ummmmm, Btc is booming!

CompNsci

sr. member

Activity: 332

Merit: 253

Quote from: jr3951 on January 05, 2014, 07:06:13 AM

Right, but housing was also fueled by bad lending practices, and housing is apples and oranges compared to bitcoin, a more apt comparison is dutch tulips if you wanted to make it, of course BTC will bubble, its not the top you should look at for BTC health, its the floor, and the floor seems to be doing great by all accounts, the last crash saw the floor at 400+

Apparently even the famous "tulipomania" may have been driven to a large extent by the Dutch government changing laws governing such contracts (see http://en.wikipedia.org/wiki/Tulipomania#Modern_views). Most of these large historical bubbles are where the government had a hand in distorting the market, like the recent 2008 mortgage bubble.

Bitcoin is interesting in that the bubbles seem to reflect the bubbly enthusiasm, but without government driving it (so far as we know).

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: Interized on January 06, 2014, 12:25:54 AM

Quote from: freedomno1 on January 06, 2014, 12:19:50 AM

Well colored coins and mastercoins will come so we can deal with it for now
Mind you that improves over the Fiat system by adding a new level

I think it will be interesting to see what the community starts to deem "clean" and "dirty" Bitcoin.

Seems like it will easily replace the current credit system the big bankers have in place.

The more "dirty" money you have the harder it becomes to spend.

Taint is always an issue that makes it quite interesting to address as those clean newly minted coins will not be considered dirty and in theory could have a greater value than older coins (Consider it some ethical premium)
Of course that brings up the issues of mixing that bring about discussion of how to remove taint and if it really concerns the system.
However pushing blacklists on the bitcoins is not the solution and we know by extension that cash can easily be tainted as well that still doesn't mean we don't use it

Probably why the higher protocols are being created as it addresses Problem A and B better than it does now.
https://bitcointalksearch.org/topic/mike-hearn-foundations-law-policy-chair-is-pushing-blacklists-right-now-333824

_Miracle

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Activity: 912

Merit: 661

Do due diligence

Bubbles booms/busts happen to just about anything once you attach the word "investment" to it. Higher risks to rewards ect. Speculations: we don't even know how to do that properly with access to historical data? Crypto currencies are a wild card (and I personally like it that way at the moment).
"The housing bubble" has happened before, all around the globe in many forms and some of us may even experience several more in our lifetimes.
Housing is a much different type of "asset bubble" than any other.

BTC and other crypto currencies are still becoming whatever it is that they "will be"; volatility will be part of this process.

If you consider it as an investment then treat it as such, risk what you can lose and learn how to protect the gains.
Strap in and enjoy the ride if you can stomach it ;-) stay on the sidelines if wild roller-coasters make you queasy because that's what this will likely be for some time.

Wishing you (and us all) much prosperity (and all the miners much 'luck' ;-)

jr3951

newbie

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Quote from: Interized on January 05, 2014, 11:07:28 PM

Bitcoin needs to avoid huge booms and busts.

Not sure if you read my reply but,
Bottom line- Bitcoin needs to do whatever it will do, if its more fit than its competitors it will thrive, if not it will die, everything in between is natural order

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Interized on January 05, 2014, 11:07:28 PM

Quote from: empoweoqwj on January 05, 2014, 09:41:21 PM

Quote from: Interized on January 05, 2014, 07:19:17 AM

Quote from: jr3951 on January 05, 2014, 07:06:13 AM

Quote from: Interized on January 05, 2014, 04:14:41 AM

Quote from: beetcoin on January 05, 2014, 03:55:39 AM

the housing bubble was pure speculation and the increase of demand was artificial.. that's why it fizzled out, not because it boomed so fast.

Yes, it boomed too fast, bubbled.

Bitcoin can follow the same path/events.

Right, but housing was also fueled by bad lending practices, and housing is apples and oranges compared to bitcoin, a more apt comparison is dutch tulips if you wanted to make it, of course BTC will bubble, its not the top you should look at for BTC health, its the floor, and the floor seems to be doing great by all accounts, the last crash saw the floor at 400+

Quote from: Interized on January 05, 2014, 07:01:55 AM

We can already handle micro transactions using Bitcoin as the backbone, no ALT currency needed.

the lower we can get the fees, the better and more useful microtransactions are as a medium, and the more value that particular coin has, its the market that decides what is needed, and it usually chooses the most efficient route

Exactly, Bitcoin needs to avoid huge booms and busts.

Bitcoin doesn't have huge booms and busts. It has huge booms, followed by "profit taking". The thing is going to $10K. Its not going to get there in a straight line, this is a market we are talking about here folks - people play markets

Exactly, Bitcoin needs to avoid huge booms and busts.

Can't tell you whether you agree with me or not, but I'll guess yes

Interized

sr. member

Activity: 280

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Coolness: ∞

Quote from: freedomno1 on January 06, 2014, 12:19:50 AM

Well colored coins and mastercoins will come so we can deal with it for now
Mind you that improves over the Fiat system by adding a new level

I think it will be interesting to see what the community starts to deem "clean" and "dirty" Bitcoin.

Seems like it will easily replace the current credit system the big bankers have in place.

The more "dirty" money you have the harder it becomes to spend.

Topic: How to avoid BTC booming too fast? (like the housing bubble?) (Read 6341 times)