I guess this is what we see happen now - page 2.

Bitbuy

sr. member

Activity: 308

Merit: 250

So it looks like we're going through these steps right now then:

Step 9. Noobs see value plummeting, panic, and sell (often at a loss)
Step 10. Price bottoms out, but not below where it started
Step 11. Veterans hike down into the crater and buy, buy, buy.
Step 12. Price stabilizes a little bit; noobs think “I’m an idiot”; feel burned and get out of Bitcoin. But some stay.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: dille71 on December 18, 2013, 04:25:00 AM

I read this a couple of weeks ago and it seem to be exactly what is happening.

http://www.cryptocoinsnews.com/2013/11/20/bitcoin-hype-cycle/

This is what happen's at least three times a year.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

and the last three times this is what happened too, right?

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: dille71 on December 18, 2013, 04:25:00 AM

I read this a couple of weeks ago and it seem to be exactly what is happening.

http://www.cryptocoinsnews.com/2013/11/20/bitcoin-hype-cycle/

Yeah, this is a very common theory that people have posted about time and time again, this one has just tried to put it in literal bitcoin market terms.

dille71

full member

Activity: 210

Merit: 100

I read this a couple of weeks ago and it seem to be exactly what is happening.

http://www.cryptocoinsnews.com/2013/11/20/bitcoin-hype-cycle/

Topic: I guess this is what we see happen now - page 2. (Read 2746 times)