Pop! | Bitcointalksearch.org

QueenElizabeth

newbie

Activity: 56

Merit: 0

Quote from: nobbynobbynoob on April 11, 2013, 07:22:06 AM

Bears will say "oh look, obvious bubble, pop", and judging by yesterday's crash, they look right. But the dump was needed, really: it's a sign of market sentiment. Bitcoin is fine, and has all the potential and is revolutionary yada yada, but the exchanges and other overlying infrastructure just aren't good enough. As market sentiment reflects that, maybe we need a bit more bearishness for a while. Cheap 'coins to snaffle up and all. Grin

This.

Frost

hero member

Activity: 602

Merit: 508

Quote from: smoothie on April 11, 2013, 07:48:42 AM

Quote from: BitcoinMillionaire on April 11, 2013, 07:29:52 AM

Quote from: Frost on April 11, 2013, 07:23:37 AM

I believe it is not a good idea to buy now... things get worse soon and then we get sexy cheap coins.

Yep, wait this one out, we can probably get in at double digits. Single digits, no chance unless something big happens (like authorities shut down mtgox or something big like that).

24 posts and you are acting like an expert on this forum.

Yes guys sell BTC now before we hit double digits!

Then you can buy back higher at $300+

But he is right. The ship is sinking for some time.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: BitcoinMillionaire on April 11, 2013, 07:29:52 AM

Quote from: Frost on April 11, 2013, 07:23:37 AM

I believe it is not a good idea to buy now... things get worse soon and then we get sexy cheap coins.

Yep, wait this one out, we can probably get in at double digits. Single digits, no chance unless something big happens (like authorities shut down mtgox or something big like that).

24 posts and you are acting like an expert on this forum.

Yes guys sell BTC now before we hit double digits!

Then you can buy back higher at $300+

Frost

hero member

Activity: 602

Merit: 508

Quote from: BitcoinMillionaire on April 11, 2013, 07:29:52 AM

Quote from: Frost on April 11, 2013, 07:23:37 AM

I believe it is not a good idea to buy now... things get worse soon and then we get sexy cheap coins.

Yep, wait this one out, we can probably get in at double digits. Single digits, no chance unless something big happens (like authorities shut down mtgox or something big like that).

Yea double digits would be already cool

BitcoinMillionaire

full member

Activity: 168

Merit: 100

Bling Bling

Quote from: Frost on April 11, 2013, 07:23:37 AM

I believe it is not a good idea to buy now... things get worse soon and then we get sexy cheap coins.

Yep, wait this one out, we can probably get in at double digits. Single digits, no chance unless something big happens (like authorities shut down mtgox or something big like that).

Frost

hero member

Activity: 602

Merit: 508

I believe it is not a good idea to buy now... things get worse soon and then we get sexy cheap coins.

nobbynobbynoob

hero member

Activity: 784

Merit: 1000

Annuit cœptis humanae libertas

Quote from: Rampion on April 10, 2013, 02:52:54 PM

Come on guys, sell a little bit more

I never thought I could've bought again BTC under $40... Please bears make that happen

Yes please, I won't mind a bit of that.

Bears will say "oh look, obvious bubble, pop", and judging by yesterday's crash, they look right. But the dump was needed, really: it's a sign of market sentiment. Bitcoin is fine, and has all the potential and is revolutionary yada yada, but the exchanges and other overlying infrastructure just aren't good enough. As market sentiment reflects that, maybe we need a bit more bearishness for a while. Cheap 'coins to snaffle up and all. Grin

San1ty

sr. member

Activity: 462

Merit: 250

No, Sub 100 very plausible.

Amitabh S

legendary

Activity: 1001

Merit: 1005

Is the pop over?

Rampion

legendary

Activity: 1148

Merit: 1018

Come on guys, sell a little bit more

I never thought I could've bought again BTC under $40... Please bears make that happen

Gotta love weak hands, come on guys... Panic!!!

Grin

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

don't sell, common, just house money.

Rampion

legendary

Activity: 1148

Merit: 1018

When it does "pop", you can't stop Cheesy

Glad that I resisted the temptation to immediately buy and left my $$$ hanging around at Gox, nice buying opportunity around the corner Wink

im3w1l

sr. member

Activity: 280

Merit: 250

https://www.youtube.com/watch?v=bw9CALKOvAI

ehoffman

sr. member

Activity: 378

Merit: 250

This thread is still "au goût du jour"...

Well I was 2 day off with my original post.

HappyBitCoinUser

full member

Activity: 182

Merit: 100

What happened in Cyprus was not a 'hair cut', it was theft.

What is happening with BitCoin is snowball, not bubble.

Get it right!

Now, after every panic sell, the other half of the crowd takes advantage to buy up everything at low prices. In the end, the price is higher than before the panic sell.

When do theses people learn to stop panic selling. Just ride it out.

Transisto

donator

Activity: 1731

Merit: 1008

Quote from: ehoffman on April 08, 2013, 10:32:51 AM

So, mini flash-crash, or the bubble just popped?

This post was so much worthy of a 3 pages thread, I feel like ignoring you all !

PachucoBro

newbie

Activity: 56

Merit: 0

Quote from: GeniuSxBoY on April 08, 2013, 12:47:47 PM

What is the deviation for selling and buying in order to break even at a .6% fee.

Therefore, if I sold a 100 shares at $190.00000, I would have to buy in at $187.72684 to get my 100 shares back.
Giving a deviation of $2.27316.

Make it easy and stick with percentages... it costs 0.6% on each end of the buy and sell. Your 2.2% is pretty good to break even.

Taking into account the current BTC prices I usually figure in my head that selling and then buying lower doesn't make any sense, due to lag in timing and order processing, unless the price is swinging by more than 3% which is about $5 right now.

So really in the past history there hasn't been much need to sell and then buys since BTC seems to keep going up and up. Only today did I sell and re-buy and made 5% on my money ($78).

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: checkers6676 on April 08, 2013, 01:11:23 PM

if the price drops >=$100 in a crash, I'll:
1) still be in the green on my initial investment by 80%
2) buy SO many bitcoins, you don't even know

I'll just leave this here...

----------------------------------------------

MtGox Bitcoin USD Exchange Rate below $100 by end of 2013.

"The MtGox Bitcoin exchange rate will dip back below $100 USD at some point before the end of 2013."

Bet started: 5 hours 5 minutes ago (08-04-2013)
Bet closing: in 8 months 3 weeks (29-12-2013)
Resolution: in 8 months 3 weeks (31-12-2013)

-----------------------------------------------

checkers6676

full member

Activity: 128

Merit: 100

if the price drops >=$100 in a crash, I'll:
1) still be in the green on my initial investment by 80%
2) buy SO many bitcoins, you don't even know

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: proudhon on April 08, 2013, 10:46:12 AM

Quote from: chiropteran on April 08, 2013, 10:36:01 AM

The price was $145 yesterday and it's $194 now. That is a bubble pop?

It's gotta start somewhere. This price has got to be too tempting for a large number of early adopters. Once enough of them decide they want to pay down debt, the price will be lucky to stay in the double digits. Anything above single digits is just too fragile. The depth of this market is still tiny and the price wouldn't withstand more than a few dozen (at best) attempts to buy a modest house within a short period.

Bitcoin might have a chance, but a good number of early adopters will need to divest themselves of a large portion of their holdings, and that will cause another catastrophic price collapse, which will, hopefully, last years and allow developers more time to mature the protocol. Then again, it's uncertain now that bitcoin will recover from the coming collapse given that it's going to turn a lot more people off this time. The next few years will be interesting to watch, that's for sure.

Add a few orders of magnitude to the price and yes it is tempting.

This is still early in the game.

Topic: Pop! (Read 4435 times)