please stop sating bubble unless you define/understand it - page 2.

Drifter

sr. member

Activity: 364

Merit: 252

Quote from: PseudoCode on May 15, 2011, 08:25:47 AM

Its funny how just 2 weeks ago "People were saying "Rally ! $6 !!", and just 2 weeks later after a momentary surge and drop back many are now asking "has the bubble burst ?", Really ? You're so short-sighted ? Hunh.

You can't win that battle. To them, when the price is rising, a bubble is imminent, and when the price drops, their predictions are correct. They don't leave room for anyone else to be right.

PseudoCode

full member

Activity: 153

Merit: 100

"Bubble" is such a stupid word to apply in this this context. It has completely false connotations

In the "real world", once a bubble pops, it is completely gone, leaving practically no visible trace (or value) behind.

In the world of stored value, the likelyhood of *all* value going pop and vanishing completely in a short space of time is very small..

Its funny how just 2 weeks ago "People were saying "Rally ! $6 !!", and just 2 weeks later after a momentary surge and drop back many are now asking "has the bubble burst ?", Really ? You're so short-sighted ? Hunh.

N12

donator

Activity: 1610

Merit: 1010

Yeah. Bitcoins suck, you can’t do anything besides trading them! Angry

I recommend instantly selling all Bitcoins you can get hold of since they have zero intrinsic value and will eventually be worthless.

Money is worthless!

Justsomeforumuser

member

Activity: 84

Merit: 10

Quote from: AtlasONo on May 14, 2011, 10:00:55 PM

You're way off base.

Speculative Mania = Economic Bubble = A market phenomenon characterized by surges in asset prices to levels significantly above the fundamental value of that asset.

Now we argue about fundamental value and about how "bitcoin is the new gold!!".

And how Gold in turn may stand to lose a bit of weight, akin to what Silver did?

Gold at least you can hang around your neck and make AK47 platings of, i.e. has fashion and symbolic use, whereas BTCs still remain intangible..

AtlasONo

hero member

Activity: 551

Merit: 500

You're way off base.

Speculative Mania = Economic Bubble = A market phenomenon characterized by surges in asset prices to levels significantly above the fundamental value of that asset.

Now we argue about fundamental value and about how "bitcoin is the new gold!!".

zimpixa

member

Activity: 98

Merit: 10

To make the long short:
bubble - when it grows faster than trend shows and price doesnt show real value.

kiba

legendary

Activity: 980

Merit: 1020

I intend to commission a comic that parody said panics.

altoid

jr. member

Activity: 48

Merit: 9

It seems like every other post on this forum references bubbles or bursting bubbles or "it's definitely not a bubble" or "how is this not a bubble", etc.

Do you even know what you are discussing anymore?

First of all, a financial bubble has many meanings to different people. If you're talking about credit fueled bubbles, then it's IMPOSSIBLE that there is a bubble in bitcoins because none are being lent into existence.

If you are talking about a speculative mania, I propose to use the term "blowoff"

This is common terminology in technical analysis and is much more descriptive because it describes super-parabolic rise at the end of a rising trend.

If I'm way off base on this, please correct me

Topic: please stop sating bubble unless you define/understand it - page 2. (Read 4525 times)