Topic: The next bitcoin bubble will be massive - page 5. (Read 15349 times)

Yea but my bet is that the value rises 10x which, if it occurs, substantially increases counterparty risk or whatever you want to call it. I do like the idea of that site though.

here:

I've used them very successfully including making a winning bet that Batman dark Knight 2nd movie wouldn't gross $200 Million opening weekend

It did not settle where it would have lent support to my theory. My prediction is about october.

ehm, didn't you predict a much higher value? Or what does the term "settle" refer to?

I am pretty prude with my bitcoins. Where can I find reviews of this website?

Put your BTC where your hypothesis is: http://betsofbitco.in

You are correct. Now I know. If this rally settles around 16-20 USD it will lend support to my bubble forming hypothesis.

Why would you need to do that? You can move your own threads
There is(or was?) a "MOVE TOPIC" link below every thread you start.

Dumb and dumber, bubble or not, two things: Draghi and Bernanke

any idea on how many people involved? I would think a lot of people were in before/during the bubble and are gone now

Think about it...The shorts are drunk after lolla. SELL.... or is it longs. BUY...

Good for you. I still only have a concept of how to market worked up to the present point in time.

This is how markets works, you won't see the price stable until bitcoins reach a price discovery. Right now is a good time to buy as many bitcoins you can possibly buy before the reward gets cut in half. I would not be surprise if bitcoins reach 30 before the reward gets cut in half. Supply n Demand tells me there is only 21 million bitcoins, and only 10.5 million that will be available before the reward gets cut in half. Don't kick your self for taking profit to only buy higher.

Great, I'll always have some ready to sell to you as my mining cost per BTC is currently about $3. I love Bitcoin, and I sell them every day.

So what's your call on the second drop down if it is going to bubble up to 50$?
something between 10 or 20$?

Well good then we're in agreement. :-)

Oops. OK, I reported it.

Seriously people, we need a viable reason for the price to be increasing other than "because it is".

You profess to have learned from the past bubble, but it's clear that people have learned very little.

For example, bitcoin is not a perfect system, it couldn't cope with anything like the transaction volume of even a small stock exchange, hell it'd struggle with 1% of that amount. People were even complaining recently about network issues from satoshidice, when we were running a mere 50,000 transactions per day. That's nothing in finance.

So, bitcoin's market cap currently exceeds $100m. Is it worth it? Possibly. It's certainly more worth it than it was last year, but even so we need to keep some sort of perspective on what a highly speculative and potentially flawed digital currency is "worth", rather than running off into fantasy land and pretending we're not the ones at fault the next time there's a crash.

People on here have such tragically short memories - only last October everyone was totally sure the price was going to $1. I bought a bunch at $2.10-2.75 just because, despite it being relatively high risk, I believed that bitcoin had value much greater than the $20m or so it was valued at at the time. Nobody wanted to lend BTC in quantity on the forums then either, now everybody's doing it.

Please people, let us not repeat this retarded cycle of dot-com-era style insane valuations and "what could possibly go wrong?" buying, followed by crisis, followed by "It's all over!" selling. We've been here once before.

Rapid price expansion isn't even good for bitcoin. The time of greatest expansion and actual trade in bitcoin was in the 3-month or so window that various people held the price between $4.90 and $5.10. Merchants need stability. If you want to build an actual currency here, stop acting like get-rich-quick naive forex traders and start thinking of what you can buy in bitcoin (asides dollars) that would require you to buy as many as you have.
Because protip: If you can't think of something sensible you'd buy with all the coins you've amassed, chances are the economy doesn't support the price you paid for them 

Anyway, I know nobody's going to listen to me, so WOO! $50 by October!

This is way more than I will ever pay for a house unless it come with a private self-sustaining island.