Topic: There is an epic shakeout coming this year before the giga-spike. - page 4. (Read 8154 times)
June 02, 2016, 08:54:49 PM
I have to second that because it's in line with my own thoughts.
Using Marc Andressen's now-famous timeline suggest that a real monster bubble won't hit critical mass until the start of the next decade & feature a new class of NASDAQ hotties that began as blockchain startups. I can't seem to find a picture of this timeline. Can you link me?
As far as I know, there isn't one. I was going by a "timeline" in my head. Looks like I used the wrong word.
Nice to see that there are others around here who actually 'get it'.
I have to second that because it's in line with my own thoughts.
Using Marc Andressen's now-famous timeline suggest that a real monster bubble won't hit critical mass until the start of the next decade & feature a new class of NASDAQ hotties that began as blockchain startups. I can't seem to find a picture of this timeline. Can you link me?
Andreas Antonopoulos taught something to me: BTC is worth one BTC.
I don't care about these threads anymore: if bitcoin will give me freedom (financially speaking) that'll be good.
BTC gave me much more than money: to quote mastercard that is really priceless.
I don't care about these threads anymore: if bitcoin will give me freedom (financially speaking) that'll be good.
BTC gave me much more than money: to quote mastercard that is really priceless.
It's like the dot com bubble, it'll be a few years before we return to the heights we saw in 2013. And you can forget about a bubble too, that ain't happin'.....
The dotcom bubble consumed trillions of dollars and transfixed some of the biggest investors on the biggest markets of the entire planet.
Bitcoin's 'dotcom' took place on some crappy homemade exchanges in far off lands off the back of a few tens or hundreds of thousands of weirdos. It hasn't even gotten off the starting blocks yet.
Yes, it takes an influx of buyers, plenty of FOMO and market euphoria to induce that rapid escalating price movement. Taking the DotCom bubble as an example, Joe Public was piling into all manner of Internet Stocks convinced that the boom would never end and that all these on-paper companies were destined to be global behemoths. Similar with the housing boom / MBS debacle; Average Joe started flipping houses and traded their careers in to become property developers.
Bitcoin has had its baby bubbles. We've had innovators/techies/libertarians & relative early adopters/dark marketers. So next time, like the famous anecdote goes, if the taxi drivers / shoeshine boys ever start talking up bitcoin, its probably a sign the top is near. All that VC money will start producing products this year & next - maybe the timing will co-incide?
Behold ladies and gentlemen: wisdom.
I have to second that because it's in line with my own thoughts.
Using Marc Andressen's now-famous timeline suggest that a real monster bubble won't hit critical mass until the start of the next decade & feature a new class of NASDAQ hotties that began as blockchain startups.
whatever happens i will be happy because even if for 0.01% this happens it means that i can buy more bitcoin for lower price and then right after that i will enjoy a big rise. but i will never sell just because there is a small chance of going down.
Sorry, no huge shakeouts and no epic spikes, expect a $400-600 trading range thru the end of 2016.
Barring black swan events I think that's the way it will play out. The price should go up towards the end of the year, but not fast. I don't expect epic dumps or spikes this year, possibly next year after the reduced supply starts to bite.
It's like the dot com bubble, it'll be a few years before we return to the heights we saw in 2013. And you can forget about a bubble too, that ain't happin'.....
The dotcom bubble consumed trillions of dollars and transfixed some of the biggest investors on the biggest markets of the entire planet.
Bitcoin's 'dotcom' took place on some crappy homemade exchanges in far off lands off the back of a few tens or hundreds of thousands of weirdos. It hasn't even gotten off the starting blocks yet.
Yes, it takes an influx of buyers, plenty of FOMO and market euphoria to induce that rapid escalating price movement. Taking the DotCom bubble as an example, Joe Public was piling into all manner of Internet Stocks convinced that the boom would never end and that all these on-paper companies were destined to be global behemoths. Similar with the housing boom / MBS debacle; Average Joe started flipping houses and traded their careers in to become property developers.
Bitcoin has had its baby bubbles. We've had innovators/techies/libertarians & relative early adopters/dark marketers. So next time, like the famous anecdote goes, if the taxi drivers / shoeshine boys ever start talking up bitcoin, its probably a sign the top is near. All that VC money will start producing products this year & next - maybe the timing will co-incide?
Behold ladies and gentlemen: wisdom.
What we need is a new buttcoin that can harness the euphoria of its userbase to propagate onto the outside world. If we can make everyone euphoric about butts then its obvious that bitscoin will hit the moon and after that it will keep chugging along to mars and maybe even pluto. If my calculations are correct Butts will be worth $10,000,000 each so anyone owning .1 or more will become an instant millionaire. Feel the rush!
I'm nuts about butts
It's like the dot com bubble, it'll be a few years before we return to the heights we saw in 2013. And you can forget about a bubble too, that ain't happin'.....
The dotcom bubble consumed trillions of dollars and transfixed some of the biggest investors on the biggest markets of the entire planet.
Bitcoin's 'dotcom' took place on some crappy homemade exchanges in far off lands off the back of a few tens or hundreds of thousands of weirdos. It hasn't even gotten off the starting blocks yet.
Yes, it takes an influx of buyers, plenty of FOMO and market euphoria to induce that rapid escalating price movement. Taking the DotCom bubble as an example, Joe Public was piling into all manner of Internet Stocks convinced that the boom would never end and that all these on-paper companies were destined to be global behemoths. Similar with the housing boom / MBS debacle; Average Joe started flipping houses and traded their careers in to become property developers.
Bitcoin has had its baby bubbles. We've had innovators/techies/libertarians & relative early adopters/dark marketers. So next time, like the famous anecdote goes, if the taxi drivers / shoeshine boys ever start talking up bitcoin, its probably a sign the top is near. All that VC money will start producing products this year & next - maybe the timing will co-incide?
Behold ladies and gentlemen: wisdom.
What we need is a new buttcoin that can harness the euphoria of its userbase to propagate onto the outside world. If we can make everyone euphoric about butts then its obvious that bitscoin will hit the moon and after that it will keep chugging along to mars and maybe even pluto. If my calculations are correct Butts will be worth $10,000,000 each so anyone owning .1 or more will become an instant millionaire. Feel the rush!
It's like the dot com bubble, it'll be a few years before we return to the heights we saw in 2013. And you can forget about a bubble too, that ain't happin'.....
The dotcom bubble consumed trillions of dollars and transfixed some of the biggest investors on the biggest markets of the entire planet.
Bitcoin's 'dotcom' took place on some crappy homemade exchanges in far off lands off the back of a few tens or hundreds of thousands of weirdos. It hasn't even gotten off the starting blocks yet.
Yes, it takes an influx of buyers, plenty of FOMO and market euphoria to induce that rapid escalating price movement. Taking the DotCom bubble as an example, Joe Public was piling into all manner of Internet Stocks convinced that the boom would never end and that all these on-paper companies were destined to be global behemoths. Similar with the housing boom / MBS debacle; Average Joe started flipping houses and traded their careers in to become property developers.
Bitcoin has had its baby bubbles. We've had innovators/techies/libertarians & relative early adopters/dark marketers. So next time, like the famous anecdote goes, if the taxi drivers / shoeshine boys ever start talking up bitcoin, its probably a sign the top is near. All that VC money will start producing products this year & next - maybe the timing will co-incide?
Behold ladies and gentlemen: wisdom.
Probably it will not happen because everyone expects it. We all look at the same chart.
Any future spike will be driven by China when Western countries put a stop to fire sales of their real estate and resources.
Chinese are buying foreign passports like candies. Sticker price does not matter. You cannot buy a house in Vancouver or Toronto for less than 2M C$
because of Chinese "investors". There was a guy in Vancouver who bought 58M mansion online without even physically looking at it.
Chinese money has to flow into something. Fat cats in China need to get the money out somehow....
Any future spike will be driven by China when Western countries put a stop to fire sales of their real estate and resources.
Chinese are buying foreign passports like candies. Sticker price does not matter. You cannot buy a house in Vancouver or Toronto for less than 2M C$
because of Chinese "investors". There was a guy in Vancouver who bought 58M mansion online without even physically looking at it.
Chinese money has to flow into something. Fat cats in China need to get the money out somehow....
No, no shakeout, sorry bears. Too many bears and sold-out bulls trying to get in cheaper, waiting, always waiting for that one last chance to get in cheaper ... while their fiat funny munny rots away. The more the bears hammer the more solid bitcoin is, we are near rock-bottom pricing now on cost of production and that cost is always increasing, then doubling its rate of increase in July.
Sorry bears, no epic shakeouts, just more seductive, little drops and bear traps
Sorry bears, no epic shakeouts, just more seductive, little drops and bear traps
Sorry, no huge shakeouts and no epic spikes, expect a $400-600 trading range thru the end of 2016.
I doubt it will pass $500 really, many here are complete deluded if they think Bitcoin is gonna happen in 2016, this was a complete loss year, multiple bad news everywhere. Either way you have to respect that so far the price has been increasing, nothing compared to most of the predictions (some said it will be around 10k by now lol).
BTC can only pull a chinese miracle in its near future and that's the speculation about the yuan and chinese going for Bitcoin instead of gold, it's a long shot but it can happen I guess. The halving won't make anyone buy BTC at $800 or more like some said. And I would say that BTC will never be at 1k ever again unless there's a huge world economic crisis.
It's like the dot com bubble, it'll be a few years before we return to the heights we saw in 2013. And you can forget about a bubble too, that ain't happin'.....
The dotcom bubble consumed trillions of dollars and transfixed some of the biggest investors on the biggest markets of the entire planet.
Bitcoin's 'dotcom' took place on some crappy homemade exchanges in far off lands off the back of a few tens or hundreds of thousands of weirdos. It hasn't even gotten off the starting blocks yet.
Yes, it takes an influx of buyers, plenty of FOMO and market euphoria to induce that rapid escalating price movement. Taking the DotCom bubble as an example, Joe Public was piling into all manner of Internet Stocks convinced that the boom would never end and that all these on-paper companies were destined to be global behemoths. Similar with the housing boom / MBS debacle; Average Joe started flipping houses and traded their careers in to become property developers.
Bitcoin has had its baby bubbles. We've had innovators/techies/libertarians & relative early adopters/dark marketers. So next time, like the famous anecdote goes, if the taxi drivers / shoeshine boys ever start talking up bitcoin, its probably a sign the top is near. All that VC money will start producing products this year & next - maybe the timing will co-incide?
I don't expect a big shakeout, if market prices go ups fast and price doubles before the halving, its very possible that we have a correction movement after the halving, but i don't expect that it could go to prices lower than today levels.
I suppose the pumpers could just take everyone holding for the ride of their lives from here. You know the bitcoin whales and their legendary generosity.
I don't expect a big shakeout, if market prices go ups fast and price doubles before the halving, its very possible that we have a correction movement after the halving, but i don't expect that it could go to prices lower than today levels.
Yes I remember that shake out when silk road was busted , https://afbitcoins.wordpress.com/2013/10/02/silk-road-seized/
Something similar could happen again but I'm not counting on it happy to hold what i have rather than waiting for a panic to buy cheap
edit: I think the difference now compared to then is that bitcoin is no longer dominated by one market (silk road) and one exchange (mt gox). Bitcoin has grown and these sort of major events have less impact now.
Something similar could happen again but I'm not counting on it happy to hold what i have rather than waiting for a panic to buy cheap
edit: I think the difference now compared to then is that bitcoin is no longer dominated by one market (silk road) and one exchange (mt gox). Bitcoin has grown and these sort of major events have less impact now.
Jump to: