We are in an Unsustainable Bubble | Bitcointalksearch.org

Spaceman_Spiff

legendary

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₪``Campaign Manager´´₪

Quote from: shad0wbitz on April 15, 2013, 03:57:14 PM

I'm actually with you. Pay no attention to the diluted bulls: they have to keep dreaming, or they will through themselves through a window.

Bitcoin will hit $35-47 by the end of the week, with a MASSIVE sell off this weekend. Price will go to $5.

Bulls are diluted now? I though only fiat was being diluted... Wink

shad0wbitz

full member

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I'm actually with you. Pay no attention to the diluted bulls: they have to keep dreaming, or they will through themselves through a window.

Bitcoin will hit $35-47 by the end of the week, with a MASSIVE sell off this weekend. Price will go to $5.

1m1nd

newbie

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boredcoin

cbeast

donator

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Let's talk governance, lipstick, and pigs.

Quote from: pretendo on April 15, 2013, 01:11:00 PM

is this satire

Poes's Law.

Bit_Happy

legendary

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A Great Time to Start Something!

Good one

pretendo

member

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is this satire

mgio

hero member

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nice one.

you do have a point though. some people like myself have a lot of cash in their mtgox account waiting for a dip to buy.

eventually i'll figure it's not going anywhere and i'll just start buying.

Newscastix

sr. member

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High boredom level here... i want some price action...

Up or down.. either way is fine with me Cheesy

Wuji

newbie

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Quote from: chiropteran on April 15, 2013, 11:07:48 AM

Each day that the bitcoin price remains fairly stable, and doesn't deviate by more than 15% from $100, bitcoin speculator boredom increase. Furthermore, this increase is exponential, the actual boredom level is doubling with each consecutive day. You don't need to be a rocket scientist to realize that this sort of bubble can't last forever.

In a matter of days, the boredom level will exceed all realistic limits for boredom. I expect a spectacular crash in stability in the next few days.

Pretty chart however, without knowing the source of "boredom levels" it seems rather meaningless.

I think it is important to point out that from $50 March 17th to the $266 high was a massive bubble which many of us called and made hefty profit on. The current $100 level is not from all the news etc. in the past month. It has been a steady linear rise since January. As people are buying coins daily to use them for real purposes I don't think anyone has a clue what the real value is. However, I think it is important to set the context as I have outlined that the $100 price may or not be a bubble and you failed to offer any tangible evidence one way or the other. I'm 50/50 on it and not sure. However, I feel safe buying back at $90 as in the next year or so I easily believe we will see over $100 again. Even if I just sell at $120 6 months from now that is 20% which most investors dream of in 6 months. I'd be surprised if we go below the last low at $56.

warpio

member

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bitcoin is more useful as a currency if it's not fluctuating, which means more people will feel comfortable holding their coins as opposed to selling them for speculation.

el_rlee

legendary

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What prevents the game from starting over again?

BitSlut69

newbie

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Whether bull or bear, we're all speculators at this point, even if we're speculating long term.

Where do I find this boredom measurement charted on the exchanges? Roll Eyes

ElectricMucus

legendary

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Marketing manager - GO MP

Ahahaha nice

bomboclat77

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Find a hobby Cool

chiropteran

sr. member

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Merit: 250

Each day that the bitcoin price remains fairly stable, and doesn't deviate by more than 15% from $100, bitcoin speculator boredom increase. Furthermore, this increase is exponential, the actual boredom level is doubling with each consecutive day. You don't need to be a rocket scientist to realize that this sort of bubble can't last forever.

In a matter of days, the boredom level will exceed all realistic limits for boredom. I expect a spectacular crash in stability in the next few days.

Topic: We are in an Unsustainable Bubble (Read 1550 times)