The REAL bubbles - page 4. | Bitcointalksearch.org

adamstgBit

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Quote from: S3052 on August 17, 2013, 02:20:22 AM

So many people have predicted that bitcoin is in a bubble and is doomed to death.
There are most often the same people who push stocks up into bubble territory.

Now let's get to the bottom of this:

1) Is Bitcoin in a bubble?
Look at that longterm chart. Where is the bubble? I can't see it.
The uptrend is healthy.

2) What are REAL bubbles?
The NASDAQ bubble has already popped 13 years ago
There are some new bubble stocks in there that either have already popped or will do soon (LNKD, PCLN, etc.)

these are the real bubbles

how do other see that?

Quote from: S3052 on August 17, 2013, 02:50:59 AM

Quote from: vokain on August 17, 2013, 02:49:14 AM

Bubbles are artificial Wink

yes, like the stock market is pumped up by the QE from the fed.

Bitcoin is real.

Quote from: S3052 on August 17, 2013, 05:11:34 AM

Quote from: Zaih on August 17, 2013, 05:03:01 AM

Saying it how it is

yes, I wonder what the media says when bitcoin hits 1000$. perhaps they will again call a bubble or they say that next target is 10000$.
If they say the latter, I'd be wary about a bubble. If it is the former, there is more upside.

And on stocks, we can wait until the financial media calls for "sell stocks", because this will be close to the actual bottom. This may be around 400 for the dow jones industrials.

+1

good thread!

me i say 3000$ is the next target

its not hard to see bitcoin worth +1000$....

ArticMine

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The Bitcoin bubbles in November 2010 and February 2011 actually look very real to me. http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2010-09-01zeg2011-04-03ztgSzm1g10zm2g25zxzi1gMACDzi2gRSIzv

S3052

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Quote from: redwraith on August 17, 2013, 03:14:00 PM

Quote from: S3052 on August 17, 2013, 02:20:22 AM

So many people have predicted that bitcoin is in a bubble and is doomed to death.
There are most often the same people who push stocks up into bubble territory.

Now let's get to the bottom of this:

1) Is Bitcoin in a bubble?
Look at that longterm chart. Where is the bubble? I can't see it.
The uptrend is healthy.

2) What are REAL bubbles?
The NASDAQ bubble has already popped 13 years ago
There are some new bubble stocks in there that either have already popped or will do soon (LNKD, PCLN, etc.)

these are the real bubbles

how do other see that?

The REAL bubble is the U.S. Treasury Bond market, that is the backbone of the financial system that's been inflating since 1982 and when that bursts, well, I hope ya'll have a lot of gold, silver and bitcoins.

Yes.
That's a good one.

redwraith

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Quote from: S3052 on August 17, 2013, 02:20:22 AM

So many people have predicted that bitcoin is in a bubble and is doomed to death.
There are most often the same people who push stocks up into bubble territory.

Now let's get to the bottom of this:

1) Is Bitcoin in a bubble?
Look at that longterm chart. Where is the bubble? I can't see it.
The uptrend is healthy.

2) What are REAL bubbles?
The NASDAQ bubble has already popped 13 years ago
There are some new bubble stocks in there that either have already popped or will do soon (LNKD, PCLN, etc.)

these are the real bubbles

how do other see that?

The REAL bubble is the U.S. Treasury Bond market, that is the backbone of the financial system that's been inflating since 1982 and when that bursts, well, I hope ya'll have a lot of gold, silver and bitcoins.

ElectricMucus

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Quote from: AU on August 17, 2013, 02:08:48 PM

All im gonna saying is a many will suffer painful loses before any fuckin $1000 day.

Only the whales come out victorious...

No it will be the terminators.

AU

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All im gonna saying is a many will suffer painful loses before any fuckin $1000 day.

Only the whales come out victorious...

S3052

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Quote from: xxjs on August 17, 2013, 12:15:26 PM

Quote from: S3052 on August 17, 2013, 06:40:04 AM

Quote from: AU on August 17, 2013, 06:09:54 AM

$1000... when?? Stop lyin bro

this is not a forecast.

I said that if/when BTC would hit 1000$ we should carefully watch the public sentiment to judge whether there is more upside or whether we will see a big correction first.

There is something peculiar with your comments - did you spill ink on the keyboard?

Lol
It's simple , my favorite color is blue and it is available here

S3052

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Quote from: johnyj on August 17, 2013, 12:43:09 PM

Although both bitcoin and a stock have limited supply, they have fundamental differences

Stocks represent the value of a company, if the underlying company go broke, the company worth nothing, then stocks will worth nothing, no one will accept it in exchange for fiat money

But bitcoin represent the value of its underlying math/network infrastructure and people's trust, merchants' support. It is also possible those things were destroyed, but the possibility is very small

Most stocks' price will crash when central banks tighten the money supply. And central banks will always try to cool down the market when stock price rose too high, so bubble and burst cycle is a norm

But for bitcoins, unless all the central banks in the world tightens at the same time, there will not be a liquidity problem, thus price will not crash

If all the central banks tighten at the same time, there will be a huge liquidity problem everywhere and people will search for an alternative currency that can satisfy the transaction need, it will be bitcoin, so actually bitcoin's demand will eventually rise and price will be higher

That is an excellent reasoning.
Fundamentally, there are high chances that bitcoin can further grow for another number of years - sometimes exponentially, sometimes linear, with corrections / consolidations along the way.

JimboToronto

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You're never too old to think young.

Quote from: AU on August 17, 2013, 06:09:54 AM

$1000... when??

Within 5 years, possibly within 2.

johnyj

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Beyond Imagination

Although both bitcoin and a stock have limited supply, they have fundamental differences

Stocks represent the value of a company, if the underlying company go broke, the company worth nothing, then stocks will worth nothing, no one will accept it in exchange for fiat money

But bitcoin represent the value of its underlying math/network infrastructure and people's trust, merchants' support. It is also possible those things were destroyed, but the possibility is very small

Most stocks' price will crash when central banks tighten the money supply. And central banks will always try to cool down the market when stock price rose too high, so bubble and burst cycle is a norm

But for bitcoins, unless all the central banks in the world tightens at the same time, there will not be a liquidity problem, thus price will not crash

If all the central banks tighten at the same time, there will be a huge liquidity problem everywhere and people will search for an alternative currency that can satisfy the transaction need, it will be bitcoin, so actually bitcoin's demand will eventually rise and price will be higher

ElectricMucus

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Quote from: xxjs on August 17, 2013, 12:15:26 PM

Quote from: S3052 on August 17, 2013, 06:40:04 AM

Quote from: AU on August 17, 2013, 06:09:54 AM

$1000... when?? Stop lyin bro

this is not a forecast.

I said that if/when BTC would hit 1000$ we should carefully watch the public sentiment to judge whether there is more upside or whether we will see a big correction first.

There is something peculiar with your comments - did you spill ink on the keyboard?

He has a papa smurf complex.

xxjs

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Quote from: S3052 on August 17, 2013, 06:40:04 AM

Quote from: AU on August 17, 2013, 06:09:54 AM

$1000... when?? Stop lyin bro

this is not a forecast.

I said that if/when BTC would hit 1000$ we should carefully watch the public sentiment to judge whether there is more upside or whether we will see a big correction first.

There is something peculiar with your comments - did you spill ink on the keyboard?

Walsoraj

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Ultranode

there was no bubble, we are rocketing to the oort cloud. hold on

ElectricMucus

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Nominal charts make sense if there is an overall constant demand and fluctuations within a magnitude around it. This illustration has a nominal range in mind, we shall see if it applies.

Ozymandias

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Quote from: teukon on August 17, 2013, 11:18:09 AM

Quote from: S3052 on August 17, 2013, 07:20:56 AM

This is possible when looking at the nominal chart but the log chart shows something different

I've always wondered about nominal charts. The linear scale is by far the most popular scale for fiat/BTC graphs here and is the default scale on some chart-drawing sites such as bitcoincharts.com. However, for comparing the relative market value of two commodities, the logarithmic scale makes things much easier to see (trend lines become straight for example).

Is there some reason people prefer linear-scale charts for value comparisons? Do professional traders use them? What am I missing?

It's easier to scare newbies with the nominal price charts since all price movement is exaggerated, especially after the recent order-of-magnitude growth

teukon

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Quote from: S3052 on August 17, 2013, 07:20:56 AM

This is possible when looking at the nominal chart but the log chart shows something different

I've always wondered about nominal charts. The linear scale is by far the most popular scale for fiat/BTC graphs here and is the default scale on some chart-drawing sites such as bitcoincharts.com. However, for comparing the relative market value of two commodities, the logarithmic scale makes things much easier to see (trend lines become straight for example).

Is there some reason people prefer linear-scale charts for value comparisons? Do professional traders use them? What am I missing?

ElectricMucus

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Quote from: Birdy on August 17, 2013, 07:53:15 AM

Quote from: ElectricMucus on August 17, 2013, 07:49:39 AM

Quote from: Birdy on August 17, 2013, 07:45:29 AM

So in despair Bitcoin will dip into negative value?
Sounds right.

If you consider the average bitcoin would represent an amount of a defaulted bank loan it is.

That would be a really stupid assumption ^^

Not really, it's stupid to buy Bitcoins on credit.

Birdy

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Quote from: ElectricMucus on August 17, 2013, 07:49:39 AM

Quote from: Birdy on August 17, 2013, 07:45:29 AM

So in despair Bitcoin will dip into negative value?
Sounds right.

If you consider the average bitcoin would represent an amount of a defaulted bank loan it is.

That would be a really stupid assumption ^^
Unless the USA declares Bitcoin illegal/goes on grand scale attack against Bitcoin or some serious protocol bug I doubt the price will fall under $50 again.

ElectricMucus

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Quote from: Birdy on August 17, 2013, 07:45:29 AM

So in despair Bitcoin will dip into negative value?
Sounds right.

If you consider the average bitcoin would represent an amount of a defaulted bank loan it is.

jeannie

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Quote from: S3052 on August 17, 2013, 02:20:22 AM

So many people have predicted that bitcoin is in a bubble and is doomed to death.
There are most often the same people who push stocks up into bubble territory.

Now let's get to the bottom of this:

1) Is Bitcoin in a bubble?
Look at that longterm chart. Where is the bubble? I can't see it.
The uptrend is healthy.

2) What are REAL bubbles?
The NASDAQ bubble has already popped 13 years ago
There are some new bubble stocks in there that either have already popped or will do soon (LNKD, PCLN, etc.)

these are the real bubbles

how do other see that?

How do you define what is a Bubble?

Topic: The REAL bubbles - page 4. (Read 7004 times)