THE CRASH OF THE BITCOIN BUBBLE HAS BEGUN! SEE CHART. - page 3.

imbladednow

hero member

Activity: 481

Merit: 500

Woking as a binman sucks.

Quote from: ec1ip5e on December 10, 2013, 07:53:08 AM

It's not a speculative bubble. The only thing capable of damaging bitcoin's value is government laws and network flaws (I doubt the latter will happen). Otherwise it will only go up simply because they are limited. Bitcoins are pretty much not very well known at all and they are already almost 1000 dollars per 1 bitcoin... think about that.

Yes, this is obvious, hardly anyone I know heard about Bitcoin yet. But a lot need to be improved to make buy and sell of Bitcoins much easier for average person first

Raptas

newbie

Activity: 25

Merit: 0

If you don't have any Bitcoins, and you've never owned them, why do you care and why would you even bother making this topic?

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: headsex on December 10, 2013, 07:46:27 AM

Quote from: DrG on December 10, 2013, 05:45:14 AM

When it gets back to $2 I'll call it a crash.

If it gets ever gets to $2, i'm buying in large! Tongue

I suspect that is what the OP hope ultimatly is...

To get coins on the cheep.

owlbear

newbie

Activity: 21

Merit: 0

It's not a crash until the price drops by at least 50% compared to the peak (the peak is currently about $1250) and we enter a long-term bear market. Of course by Bitcoin standards anything longer than a few weeks is long-term. It is possible that we are on our way into that bear market now but that remains to be seen.

I bought back in at $720 at a 2% profit in BTC since the bubble began. I have since sold 10% of my BTC and am holding on to the remaining 90%. It's not easy to decide whether to sell more now or to wait.

ec1ip5e

newbie

Activity: 1

Merit: 0

It's not a speculative bubble. The only thing capable of damaging bitcoin's value is government laws and network flaws (I doubt the latter will happen). Otherwise it will only go up simply because they are limited. Bitcoins are pretty much not very well known at all and they are already almost 1000 dollars per 1 bitcoin... think about that.

headsex

member

Activity: 72

Merit: 10

Quote from: DrG on December 10, 2013, 05:45:14 AM

When it gets back to $2 I'll call it a crash.

If it gets ever gets to $2, i'm buying in large! Tongue

sid7039

full member

Activity: 221

Merit: 100

Quote from: knightcoin on December 10, 2013, 06:29:02 AM

Quote from: raspcoin on December 07, 2013, 09:12:05 PM

Quote from: Lone Wolf on December 07, 2013, 09:01:21 PM

You assume wrong. I have never owned one CENT of btc. I am NOT short and I don't plan on ever shorting btc.

And btw it hasn't hit $500...yet. The low was on Mt. Gox was $576.

Things that fluctuate as much as 50% daily do not have that many significant digits. As for your commitment, put your money where your mouth is. For your information, you will be disappointed if you think threads like this can affect the price.

I am not 100% sure. Since BitcoinBTC is not hardly correlated to any other index. Its quite vulnerable to "news sentiment" and speculation.

But behaves a little like gold :-)
http://www.forbes.com/sites/kashmirhill/2013/12/05/bank-of-america-analysts-say-bitcoins-value-is-1300/

mladen00

legendary

Activity: 2124

Merit: 1013

K-ing®

up 1000% then crash 50%; then 1000%......fine to me

knightcoin

full member

Activity: 238

Merit: 100

Stand on the shoulders of giants

Quote from: raspcoin on December 07, 2013, 09:12:05 PM

Quote from: Lone Wolf on December 07, 2013, 09:01:21 PM

You assume wrong. I have never owned one CENT of btc. I am NOT short and I don't plan on ever shorting btc.

And btw it hasn't hit $500...yet. The low was on Mt. Gox was $576.

Things that fluctuate as much as 50% daily do not have that many significant digits. As for your commitment, put your money where your mouth is. For your information, you will be disappointed if you think threads like this can affect the price.

I am not 100% sure. Since BitcoinBTC is not hardly correlated to any other index. Its quite vulnerable to "news sentiment" and speculation.

knightcoin

full member

Activity: 238

Merit: 100

Stand on the shoulders of giants

People who think bitcoin has no value just missed the whole thing, missed that bitcoin is a protocol and a network infrastructure. The protocol is a 1 billion genius idea, like email, or www. The network infrastructure is much cheaper than the actual branded financial networks. Generally people who is freaking out, even in academic circles, are those who even can't explain how blockchains works. Cheesy

marcell99

newbie

Activity: 41

Merit: 0

I don't think there will be any crash in the future, this week due to the China restriction, the btc went down to 500, look at the price now, its 900...

Light

hero member

Activity: 742

Merit: 502

Circa 2010

Haha, it seems every single moment another person spreading FUD pops up. Please stop trying to scare everyone else, we haven't crashed and remained at that level since the initial rise from ~$150,an there really isn't anything to suggest we're going to see a crash soon.

DrG

legendary

Activity: 2086

Merit: 1035

When it gets back to $2 I'll call it a crash.

sid7039

full member

Activity: 221

Merit: 100

Crash?
200USD/BTC is good enough. But currently is much more :-)
Regards

Kipsy89

sr. member

Activity: 280

Merit: 250

Relax!

bull trap just about to complete. sell off incoming!!! Kiss

tunctioncloud

sr. member

Activity: 440

Merit: 250

Already above $900, I see no signs of crash for this bubble, there may be another correction but I believe in 2014, around $1000 will be fair price without possibility to cash much more, like price around $2000 with possible cash to $900

Lone Wolf

newbie

Activity: 42

Merit: 0

https://twitter.com/YachtsOnTheReg/status/410326529634103296/photo/1

draw your own conclusions

ajax3592

full member

Activity: 210

Merit: 100

Crypto News & Tutorials - Coinramble.com

Hey OP the link to the chart is not working anymore.
Can you put up an alternative link?

solarflare

member

Activity: 63

Merit: 10

Quote from: Lone Wolf on December 10, 2013, 01:13:44 AM

just to clarify i don't think btc *itself* is a bubble. i said its price or value is currently in a speculative bubble. big difference.

Then I totally agree with you.
But right now the buying power is still strong.

lira

member

Activity: 94

Merit: 10

Panic-mongers always will be Cheesy

Topic: THE CRASH OF THE BITCOIN BUBBLE HAS BEGUN! SEE CHART. - page 3. (Read 4870 times)