Topic: So when's the crash? - page 5. (Read 10805 times)
The crash is from $2k to $1.95k
Gox is lagging over 150 seconds...
Relax, a BTC will remain a BTC, also after a hard landing. Remember, the real bubble is out there with someone buying the equivalent of almost 4 Entire BTC markets each day.
We really don't know how much of the money pouring in is smart money vs dumb money (easily frightened and not-educated about bitcoin). If too much of this increase is due to dumb money, we could have a major downturn that shakes confidence.
This is my concern in a nutshell.
I trust Bitcoin. I don't trust people.
Well, point of "crash" is that bitcoins owned by dumb people (buy high, sell low) become bitcoins owned by smart people (buy low, sell high/hold)
One could think that in normal situations, HOWEVER, this ain't normal son. The price and adoption is going parabolic together. Each time a real company says "we are going to adopt/use bitcoin", the price is "reset", the then current price stands as the new "ground zero" and we go up from there. You cannot price bitcoin like any other traded asset because it is being traded in its infancy, which is an utterly unique situation. Couple all of this with the possibility of a mega player like Amazon or Google endorsing bitcoin and the price goes vertical for a month.
^^ THIS!! Nothing about bitcoin is normal!!
So when's the crash?
If there was anyone who could tell you, they'd be a millionaire wizard.All we can do is watch, and plan for both the unknown hour when it shall arrive, and the possible - though unlikely - future where this is all solid and the crash never comes.
This rate of price increases isn't healthy anymore.
We have quite a few people sitting on over 50K++ Bitcoins that could retire in the click of a button.
All the positivity and bullishness reminds me of the last crash at $32.
So question is, when does the massive cash out happen? I'm no bear...but I'm not delusional either.
A major correction has to happen...right?
We have quite a few people sitting on over 50K++ Bitcoins that could retire in the click of a button.
All the positivity and bullishness reminds me of the last crash at $32.
So question is, when does the massive cash out happen? I'm no bear...but I'm not delusional either.
A major correction has to happen...right?
One could think that in normal situations, HOWEVER, this ain't normal son. The price and adoption is going parabolic together. Each time a real company says "we are going to adopt/use bitcoin", the price is "reset", the then current price stands as the new "ground zero" and we go up from there. You cannot price bitcoin like any other traded asset because it is being traded in its infancy, which is an utterly unique situation. Couple all of this with the possibility of a mega player like Amazon or Google endorsing bitcoin and the price goes vertical for a month.
All the positivity and bullishness reminds me of the last crash at $32.
All the negativity and bearishness reminds me of the last increase at $1.Sure, it "crashed" when it hit those $30, but where did it "crash" to? $2, still an increase of 100%.
It all depends on your POV.
A major correction has to happen...right?
This might be the correction, maybe people realize that Bitcoin is undervalued.If you bought Bitcoins at $15, which a whole bunch of new people to bitcoin did, you sure felt like it crashed.
It's all well and good for members of the forum who bought in sub $1/btc but we need newbies to have a good experience, not have their investment sliced in half.
Those who listened thank me now, those that didn't don't deserve better.
And for the newbies to have a good experience, we're talking about money here, not My Little Pony.
Bitcoin (as an investment) is a high risk investment, don't invest more than you can afford to lose.
For the user experience the price doesn't really matter, when you need to send $100 worth of bitcoins to someone, you just send $100 worth of bitcoins, makes no difference if that's 100BTC, or 0.000001BTC
$200 by Saturday.
I'm betting there will be at least some type of correction, maybe like last week where it swung down 20 percent in a few minutes.
Those repeat performances were not corrections.
I'm betting there will be at least some type of correction, maybe like last week where it swung down 20 percent in a few minutes.
I'm bullish. I'm just confused on how the price can skyrocket this fast and people think it's going to go keep going forever and ever.
I think a lot of you may be very disappointed down the road. Then again, maybe I'm wrong and I'll hate myself for not going ALL IN at at all time high.
I think a lot of you may be very disappointed down the road. Then again, maybe I'm wrong and I'll hate myself for not going ALL IN at at all time high.
All the positivity and bullishness reminds me of the last crash at $32.
All the negativity and bearishness reminds me of the last increase at $1.Sure, it "crashed" when it hit those $30, but where did it "crash" to? $2, still an increase of 100%.
It all depends on your POV.
A major correction has to happen...right?
This might be the correction, maybe people realize that Bitcoin is undervalued.If you bought Bitcoins at $15, which a whole bunch of new people to bitcoin did, you sure felt like it crashed.
It's all well and good for members of the forum who bought in sub $1/btc but we need newbies to have a good experience, not have their investment sliced in half.
Yawn.
Heard this shit before.
Sell off + lag = 2 hour bounce. Heard this shit before.
This rate of price increases isn't healthy anymore.
We have quite a few people sitting on over 50K++ Bitcoins that could retire in the click of a button.
All the positivity and bullishness reminds me of the last crash at $32.
So question is, when does the massive cash out happen? I'm no bear...but I'm not delusional either.
A major correction has to happen...right?
We have quite a few people sitting on over 50K++ Bitcoins that could retire in the click of a button.
All the positivity and bullishness reminds me of the last crash at $32.
So question is, when does the massive cash out happen? I'm no bear...but I'm not delusional either.
A major correction has to happen...right?
Yeah I just don't know. I'm crazy skeptical and have been selling a little since we hit 100 but the way Bitcoin is built, EVENTUALLY it will have a major upward revaluation that will take it to 4 digits per coin or more.... And with how crazy things are in "normal" currencies a whole lot of people are waking up to Bitcoin, which is going to make the gains even more nuts.
So I don't know. Every instinct in my body tells me that markets don't go up and to the left indefinitely without major periodic corrections as people who bought in at higher numbers get scared and take profits, but if the momentum is nothing but up that instinct is going to be overridden. I hope we have a correction, not a crash - Spending some time between 80-100 before starting going up again would be much healthier than this nothing-but-all-time-gains nonsense. Makes me nervous.
All the positivity and bullishness reminds me of the last crash at $32.
All the negativity and bearishness reminds me of the last increase at $1.Sure, it "crashed" when it hit those $30, but where did it "crash" to? $2, still an increase of 100%.
It all depends on your POV.
A major correction has to happen...right?
This might be the correction, maybe people realize that Bitcoin is undervalued.
Yawn.
Heard this shit before.
Heard this shit before.
We have quite a few people sitting on over $50M++ that could retire in the click of a button.
But honestly, I am kind of nervous as well.
Now.
127 to 122 in minutes. Imagine what will happen in a few hours.
127 to 122 in minutes. Imagine what will happen in a few hours.
Nah. You'll know it when it happens.
Now.
127 to 122 in minutes. Imagine what will happen in a few hours.
Of course, this "flash crash" is nothing unusual when compared to other "flash crashes" of late. The price will most likely recover again.
127 to 122 in minutes. Imagine what will happen in a few hours.
Of course, this "flash crash" is nothing unusual when compared to other "flash crashes" of late. The price will most likely recover again.
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