The next bitcoin bubble will be massive - page 6.

bb113

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Quote from: foo on August 03, 2012, 09:28:08 PM

Quote from: bb113 on August 03, 2012, 04:37:38 PM

This was meant for speculation (obviously). Please move if you see this, mods. Sorry about that, someone was talking to me as I was posting it...

You can click "Report to moderator" and request a move.

Tried it:

Quote

You can't report your own post to the moderator, that doesn't make sense!

bb113

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Quote from: 01BTC10 on August 03, 2012, 10:09:57 PM

Quote from: bb113 on August 03, 2012, 09:59:25 PM

Quote from: 01BTC10 on August 03, 2012, 09:39:45 PM

I've sold my house last week. Documents should be signed within 2 weeks at the notary and I will then convert some of the funds into BTC.

Watch-out for the bubble when I hit the market Grin

Haha, kim dotcom (not saying you are him) is gunna sell his 20 mil USD house and put half into bitcoins, and the other half into lawyers. This thread is getting ridiculous now.

I was ironic. I don't plan on putting all my money on one large buy order so I should not move the market at all.

So you don't deny that it is a 20 mil house...

01BTC10

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Quote from: bb113 on August 03, 2012, 09:59:25 PM

Quote from: 01BTC10 on August 03, 2012, 09:39:45 PM

I've sold my house last week. Documents should be signed within 2 weeks at the notary and I will then convert some of the funds into BTC.

Watch-out for the bubble when I hit the market Grin

Haha, kim dotcom (not saying you are him) is gunna sell his 20 mil USD house and put half into bitcoins, and the other half into lawyers. This thread is getting ridiculous now.

I was ironic. I don't plan on putting all my money on one large buy order so I should not move the market at all.

Bitcoin Oz

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Wat

Quote from: bb113 on August 03, 2012, 09:59:25 PM

Quote from: 01BTC10 on August 03, 2012, 09:39:45 PM

I've sold my house last week. Documents should be signed within 2 weeks at the notary and I will then convert some of the funds into BTC.

Watch-out for the bubble when I hit the market Grin

Haha, kim dotcom (not saying you are him) is gunna sell his 20 mil USD house and put half into bitcoins, and the other half into lawyers. This thread is getting ridiculous now.

I cashed in some of my superranuation awhile ago and bought bitcoins at $5-$6 Cheesy

bb113

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Quote from: 01BTC10 on August 03, 2012, 09:39:45 PM

I've sold my house last week. Documents should be signed within 2 weeks at the notary and I will then convert some of the funds into BTC.

Watch-out for the bubble when I hit the market Grin

Haha, kim dotcom (not saying you are him) is gunna sell his 20 mil USD house and put half into bitcoins, and the other half into lawyers. This thread is getting ridiculous now.

01BTC10

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Quote from: FreeMoney on August 03, 2012, 09:54:16 PM

Quote from: 01BTC10 on August 03, 2012, 09:39:45 PM

I've sold my house last week. Documents should be signed within 2 weeks at the notary and I will then convert some of the funds into BTC.

Watch-out for the bubble when I hit the market Grin

You should hit the securities section and see about options. Maybe you can get a reasonably priced right to buy at $13 for the next month or something.

That's exactly what I was trying to figure right now but I personally wish there will be a small drop in price Cheesy

FreeMoney

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Quote from: 01BTC10 on August 03, 2012, 09:39:45 PM

I've sold my house last week. Documents should be signed within 2 weeks at the notary and I will then convert some of the funds into BTC.

Watch-out for the bubble when I hit the market Grin

You should hit the securities section and see about options. Maybe you can get a reasonably priced right to buy at $13 for the next month or something.

01BTC10

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I've sold my house last week. Documents should be signed within 2 weeks at the notary and I will then convert some of the funds into BTC.

Watch-out for the bubble when I hit the market Grin

foo

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Quote from: bb113 on August 03, 2012, 04:37:38 PM

This was meant for speculation (obviously). Please move if you see this, mods. Sorry about that, someone was talking to me as I was posting it...

You can click "Report to moderator" and request a move.

bb113

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Quote from: FreeMoney on August 03, 2012, 08:40:04 PM

Quote from: bb113 on August 03, 2012, 08:39:10 PM

Quote from: Shadow383 on August 03, 2012, 08:29:51 PM

Yes, because as everyone knows markets always repeat exactly the same patterns over and over again in precisely the same way with no variance Roll Eyes

Ask yourself this:
What would a BTCST implosion do to people's willingness to buy and invest in bitcoin?
As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes.

Ask yourself the same...that will be bitcoin's 2008, occurring sometime after october 2012. After this we will have a mature market that has learned the lessons of the last 40 years of FRNs in a span of 3-4 yrs.

Except it will be totally different than 2008. Anyone who wants their coins back will have to buy or earn them. No one has the magic to dilute the pool.

This is what I think is the whole point of the experiment. Price and adoption need to rise in order to motivate developers to deal with pruning, etc before it is too late.

FreeMoney

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Quote from: bb113 on August 03, 2012, 08:39:10 PM

Quote from: Shadow383 on August 03, 2012, 08:29:51 PM

Yes, because as everyone knows markets always repeat exactly the same patterns over and over again in precisely the same way with no variance Roll Eyes

Ask yourself this:
What would a BTCST implosion do to people's willingness to buy and invest in bitcoin?
As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes.

Ask yourself the same...that will be bitcoin's 2008, occurring sometime after october 2012. After this we will have a mature market that has learned the lessons of the last 40 years of FRNs in a span of 3-4 yrs.

Except it will be totally different than 2008. Anyone who wants their coins back will have to buy or earn them. No one has the magic to dilute the pool.

FreeMoney

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Strength in numbers

Quote from: Shadow383 on August 03, 2012, 08:29:51 PM

Ask yourself this:
What would a BTCST implosion do to people's willingness to buy and invest in bitcoin?
As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes.

No one is going to lose -bitcoins- even if he defaults all that is lost is promised coins. If anything that will remind people that bitcoins are valuable and promises are suspect. Even if people misunderstand it can't hurt price much because people who are in a justifiably foul mood about the whole thing won't have coins to unload and people who avoided it will just feel clever.

bb113

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Quote from: Shadow383 on August 03, 2012, 08:29:51 PM

Yes, because as everyone knows markets always repeat exactly the same patterns over and over again in precisely the same way with no variance Roll Eyes

Ask yourself this:
What would a BTCST implosion do to people's willingness to buy and invest in bitcoin?
As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes.

Ask yourself the same...that will be bitcoin's 2008, occurring sometime after october 2012. After this we will have a mature market that has learned the lessons of the last 40 years of FRNs in a span of 3-4 yrs.

Shadow383

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Yes, because as everyone knows markets always repeat exactly the same patterns over and over again in precisely the same way with no variance Roll Eyes

Ask yourself this:
What would a BTCST implosion do to people's willingness to buy and invest in bitcoin?
As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes.

bb113

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In my opinion, at this point it would be foolish if someone with the funds did not pump the price to the levels mentioned in the OP. Lots of money to be made by doing that. Of course there are always those kurtosis risk events.

FreeMoney

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Quote from: calian on August 03, 2012, 08:03:24 PM

I predict a buying opportunity around $13 some time between October '12 and the end of February '13. Then back to never-
ending bull run.

I think you are right on the timing, I'd think on the late side of that. I have no idea about the price, probably $8-20. I think it really depends on the amount of old coins that people still have access to vs just waiting to use. Even if the old amount that comes back into circulation diminishes it will be a bigger factor because of the reduced supply inflation we're heading into.

calian

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I predict a buying opportunity around $13 some time between October '12 and the end of February '13. Then back to never-
ending bull run.

bb113

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Quote from: knight22 on August 03, 2012, 07:29:41 PM

I don't think the same scenario will happen exactly for a second time. People are remembering that big bubble and will avoid another one. Also, the market is getting stronger and more people are involve in bitcoin than last year so we will probably not see a big collapse after a big rise on the pricing. I think bitcoin has get more maturity and is ready for something else.

Keep in mind how many people have no concept at all of how markets work. I didn't when I first bought in.

FreeMoney

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Quote from: knight22 on August 03, 2012, 07:29:41 PM

I don't think the same scenario will happen exactly for a second time. People are remembering that big bubble and will avoid another one. Also, the market is getting stronger and more people are involve in bitcoin than last year so we will probably not see a big collapse after a big rise on the pricing. I think bitcoin has get more maturity and is ready for something else.

People will remember, this ramp up will last a looooong time because the cautious will hold back and buy on dips. Eventually people will again mostly have available the idea that it only goes up, then it'll go up faster for a while and then down, probably to some low multiple of the last stable region.

Of course a lot of people won't -remember- they'll just see the data and hear some stories which will weaken that effect some.

knight22

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I don't think the same scenario will happen exactly for a second time. People are remembering that big bubble and will avoid another one. Also, the market is getting stronger and more people are involve in bitcoin than last year so we will probably not see a big collapse after a big rise on the pricing. I think bitcoin has get more maturity and is ready for something else.

Topic: The next bitcoin bubble will be massive - page 6. (Read 15323 times)