What if there is no bubble coming.. | Bitcointalksearch.org

JimboToronto

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You're never too old to think young.

Quote from: fonzie on June 25, 2014, 07:32:20 AM

Do downwards bubbles exist?

Yes. The USD is in an obvious downward bubble, and by extension all fiat currencies are being dragged down with it.

It's best to dump the stuff while you can by selling it for metals, ammunition, bitcoins, Swiss Army Knives, kilos of hash, etc.

cosmicapex

member

Activity: 87

Merit: 10

Quote from: tooil on June 26, 2014, 09:19:01 PM

Quote from: ?? on ??

Quote from: feina24h on June 25, 2014, 10:10:15 AM

Quote from: ?? on ??

Quote from: feina24h on June 25, 2014, 09:59:52 AM

There is always a bubble, for some people going 1 to 10 was a bubble and for some 10 to 30 and then 500 to 1100 Grin

When did it go from 500-1100?

I think you mean 100-1100.

You must be the new guy.

LOL, so it went from 100 to 1100 without crossing the 500 Roll Eyes

? i dont know i am new or old but i started when it was 70.

No, it didn't.

After the silk road bust announcement, the price dropped to like $60 or something for a little bit before recovering back to like $100.

It didn't rally to $1,100 until like a month later.

The rally to 1100 is mainly due to the demand from China. Now that China is actively putting up policy to discourage bitcoin usage, it is hard to see which market can replace China market.

For me, I believe the Winklevoss ETF will be the "China of 2014." I'm hoping that a couple of things will happen. One, that there are investors who would buy BTC today, but are waiting for the ETF because that's what they'd really want anyway; they see the lack of an ETF and the trouble that the Winklevoss twins are going through getting it authorized as meaning it's not time for regular investors to be in BTC. This will be BTC's "IPO" so to speak; you'd never be advised to invest in BTC by an advisor who gets paid when you invest in "traditional" investment vehicles. I don't know how financial advisors operate but this is how I imagine it works. I could be totally wrong.

I do know one fact; Bitcoin's price will skyrocket the day that ETF launches.

tooil

full member

Activity: 181

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Quote from: ?? on ??

Quote from: feina24h on June 25, 2014, 10:10:15 AM

Quote from: ?? on ??

Quote from: feina24h on June 25, 2014, 09:59:52 AM

There is always a bubble, for some people going 1 to 10 was a bubble and for some 10 to 30 and then 500 to 1100 Grin

When did it go from 500-1100?

I think you mean 100-1100.

You must be the new guy.

LOL, so it went from 100 to 1100 without crossing the 500 Roll Eyes

? i dont know i am new or old but i started when it was 70.

No, it didn't.

After the silk road bust announcement, the price dropped to like $60 or something for a little bit before recovering back to like $100.

It didn't rally to $1,100 until like a month later.

The rally to 1100 is mainly due to the demand from China. Now that China is actively putting up policy to discourage bitcoin usage, it is hard to see which market can replace China market.

hellraven

newbie

Activity: 5

Merit: 0

bubble... then dump now then watch, happy later or regret later

onlyu

full member

Activity: 165

Merit: 100

Bubble also comes and goes. The question is, is bitcoin in bubble now or later?

feina24h

full member

Activity: 140

Merit: 100

Quote from: ?? on ??

Quote from: feina24h on June 25, 2014, 09:59:52 AM

There is always a bubble, for some people going 1 to 10 was a bubble and for some 10 to 30 and then 500 to 1100 Grin

When did it go from 500-1100?

I think you mean 100-1100.

You must be the new guy.

LOL, so it went from 100 to 1100 without crossing the 500 Roll Eyes

? i dont know i am new or old but i started when it was 70.

feina24h

full member

Activity: 140

Merit: 100

There is always a bubble, for some people going 1 to 10 was a bubble and for some 10 to 30 and then 500 to 1100 Grin

gondel

legendary

Activity: 1960

Merit: 1005

As I am seeing from todays tade price is going down to and wil dip under 500$ until the end of the day ( almost sure about that). BTC may be good for long term but for short term right now it is killing me. Before 5 days I earned like 15% more money then I have today and things are 15% more expensive for me today. For me I dont need any bubble at that time, but a steady price and to know how much I have all the time, not having different amount every day and to be scared when I check price every day

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Do downwards bubbles exist? If yes, than i´m pretty optimistic that we will see another soon.

ajareselde

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Activity: 1722

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Satoshi is rolling in his grave. #bitcoin

Quote from: faalhaas on June 20, 2014, 03:34:15 AM

And we will be floating around 500-600 for more then 4 months?

no matter what happens now, when next bitcoin halving comes, price will surge up.
all those movements are great for trading, its just a question of keeping profits in bitcoin/litecoin, or in fiat.

long story short, there will be a next bubble, its just a matter of when.

SnakePlisken

member

Activity: 71

Merit: 10

If there is no bubble then that is even better as we will eventually have a slow, stable steady rise Grin

DustyRah

sr. member

Activity: 533

Merit: 251

Quote from: bitsmichel on June 20, 2014, 02:57:00 PM

Quote from: faalhaas on June 20, 2014, 03:34:15 AM

And we will be floating around 500-600 for more then 4 months?

It would be a very boring 4 months, but at the same time many of us would be making profits here anyway in one way or another.

My prediction: I think, many people around the world have not understand the power of bitcoin yet and are mostly clueless about it. Once the mainstream is reached, there would be a massive uprise in market price. Adoption generally does not happen at once, but is a process which goes over time.

The adoption is only going to grow whether its gradual or quick. Its better to see a stable price and a gradual rise than monkeys throwing crap cakes kind of scenario like it happened with the Chinese fiasco. The fact that its holding in a stable pattern is very good news for long term BTC outlook.

okthen

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Activity: 490

Merit: 500

Quote from: BittBurger on June 22, 2014, 06:01:30 PM

Here's a fact nobody predicting a new spike, seems to be grasping: The only reason we had a spike at all ... in the first place ... was because of an anomaly. China adoption. And I guarantee you some other shady shit was going on that week as well. It wasn't just a million chinese people blowing their life savings on Bitcoins. maybe it was the BOTS. Maybe something else. But that spike we are using to "prove" that another is coming? It wasn't a "thing" itself. It was not organic.

And even if it was organic .... here's the point: how the hell is that going to happen twice? Sure everyone has a theory, but my gut says what happened on the $1200 spike isn't just going to "happen again x10" and kick us up to $10,000. Nonsense. Unless another major, major, major manufactured event occurs. Probably artificial one. There is nothing to justify taking us to $1200 yet.

Consumer adoption is required for $10,000+ That is not happening in the next 6 months.

Wow you are talking as if that was the only spike up until now!
And it wasn't even the biggest one!!

BittBurger

hero member

Activity: 924

Merit: 1001

Here's a fact nobody predicting a new spike, seems to be grasping: The only reason we had a spike at all ... in the first place ... was because of an anomaly. China adoption. And I guarantee you some other shady shit was going on that week as well. It wasn't just a million chinese people blowing their life savings on Bitcoins. maybe it was the BOTS. Maybe something else. But that spike we are using to "prove" that another is coming? It wasn't a "thing" itself. It was not organic.

And even if it was organic .... here's the point: how the hell is that going to happen twice? Sure everyone has a theory, but my gut says what happened on the $1200 spike isn't just going to "happen again x10" and kick us up to $10,000. Nonsense. Unless another major, major, major manufactured event occurs. Probably artificial one. There is nothing to justify taking us to $1200 yet.

Consumer adoption is required for $10,000+ That is not happening in the next 6 months.

elebit

sr. member

Activity: 441

Merit: 250

The "return to mean" can be pretty good when the "mean" is rather steep. Just sayin'...

zimmah

legendary

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Merit: 1005

Quote from: TERA on June 20, 2014, 03:40:33 AM

"bubbles" aren't supposed to be predictable. The moment this "bubble watch" started and became ritualistic was a red flag.

nonetheless 'bubbles' will happen.

I can't beleive we are at full adoption or even anywhere close to full adoption. There's about 3.5 million non-dust and non-zero addresses in use. I assume on average bitcoin users have more than 3 addresses, probably even more than 10. But even if we assume every person has only 1 address that would mean at most 3.5 million people own some bitcoin.

This means we still have room to grow, and growth of userbase is exponential in nature. By extension than price increases will be exponential as well.

So, if growth is not exponential something is very wrong.

This doesn't mean a couple of months of stagnation can't happen, it just means at some point it has to correct upwards to make up for the stagnation.

Kupsi

legendary

Activity: 1193

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9.9.2012: I predict that single digits... <- FAIL

Bitcoin days destroyed are going down again. People are done selling at this level. I expect $800 within 2-4 weeks.

https://blockchain.info/charts/bitcoin-days-destroyed?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=1&address=

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: JimboToronto on June 21, 2014, 07:49:54 PM

Do I have to post this again?

The bubbles just keep getting bigger, at least until adoption goes vertical.

I LOVE this chart!!!! Wink

cAPSLOCK

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Note the unconventional cAPITALIZATION!

Quote from: TERA on June 20, 2014, 03:40:33 AM

"bubbles" aren't supposed to be predictable. The moment this "bubble watch" started and became ritualistic was a red flag.

I think it's sad that Bitcoin has fostered a community of people who actually seem to think market bubbles are a good thing.

Also, OP, the word "than" is spelled with an A. Every time.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: faalhaas on June 20, 2014, 03:34:15 AM

And we will be floating around 500-600 for more then 4 months?

This is like a translation: "I came to the bitcoin community for bubbles." Cheesy

Topic: What if there is no bubble coming.. (Read 4862 times)