When will this bubble pop? - page 2.

ElectricMucus

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Quote from: conspirosphere.tk on August 16, 2012, 05:09:44 PM

Quote from: ElectricMucus on August 16, 2012, 04:54:34 PM

Feeling a little nihilistic? Undecided

No, just realist: once "they" monopolize even water and/or tax you even for collecting rainwater, owning some gold or BTC is not going to save your butt in the medium term.

That is already the case.

But they can't sweep every spot, people survived the soviet system and they didn't have the means for creating mesh networks. I doubt they switch off the power grid, they are not that desperate.

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: ElectricMucus on August 16, 2012, 04:54:34 PM

Feeling a little nihilistic? Undecided

No, just realist: once "they" monopolize even water and/or tax you even for collecting rainwater, owning some gold or BTC is not going to save your butt in the medium term.

ElectricMucus

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Feeling a little nihilistic? Undecided

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: cypherdoc on August 16, 2012, 04:00:16 PM

Quote from: conspirosphere.tk on August 16, 2012, 03:27:21 PM

This is what the banks are waiting for. And our politicians are giving them our money so they can."

this is what i've been saying since i came here. what do you think this does to the price of gold?

I am not so sure. I own gold and silver from 2008, but in case of a proper collapse as it may happen, I think even us gold and BTC bugs are going to be royally phucked like the rest. The best investment would probably be some good piece of land in South America, or an underground nuke-proof bunker and lots of spam.

MoneyIsDebt

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Quote from: Raize on August 16, 2012, 08:59:08 AM

Don't quote me on this though.

Sorry, I couldn't help it.

cypherdoc

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Quote from: conspirosphere.tk on August 16, 2012, 03:27:21 PM

There is even the chance that the whole world economy "pops" at once before the BTC price. Anyway the banksters have the same expectations of all the BTC bulls here:

From: http://www.golemxiv.co.uk/2012/08/a-waiting-game/ :

"I don’t think the banks will lend in to the real economy because they calculate that such a socially useful strategy gives low returns to them. Should they ‘defect’ from this generous strategy and chose instead the selfish strategy of ‘hoard and wait’ then they could make not just a large return but an epic one. They could emerge as owners of everything people will need in order to rebuild their lives. Water, power, rail, hospitals, you name it.

This is what the banks are waiting for. And our politicians are giving them our money so they can."

this is what i've been saying since i came here. what do you think this does to the price of gold?

conspirosphere.tk

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Bitcoin is antisemitic

There is even the chance that the whole world economy "pops" at once before the BTC price. Anyway the banksters have the same expectations of all the BTC bulls here:

From: http://www.golemxiv.co.uk/2012/08/a-waiting-game/ :

"I don’t think the banks will lend in to the real economy because they calculate that such a socially useful strategy gives low returns to them. Should they ‘defect’ from this generous strategy and chose instead the selfish strategy of ‘hoard and wait’ then they could make not just a large return but an epic one. They could emerge as owners of everything people will need in order to rebuild their lives. Water, power, rail, hospitals, you name it.

This is what the banks are waiting for. And our politicians are giving them our money so they can."

niko

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There is more to Bitcoin than bitcoins.

Quote from: yochdog on August 15, 2012, 03:46:34 PM

Quote from: Piper67 on August 15, 2012, 03:44:44 PM

Quote from: ?? on ??

Quote from: yochdog on August 15, 2012, 03:16:41 PM

The entire blockchain is approaching 2 GB rapidly and accelerating. This will pose a problem down the road as just downloading the blockchain will take days.

This is not really an issue.

https://bitcointalksearch.org/topic/m.1093235

Besides, there are many fantastic alternative clients that don't require a full node. I assume only miners and Bitcoin enthusiasts will run a full node in the future anyway.

Yup, nothing stopping you from just running a client in the background. 2 gig? No big whoop, really.

2 GB now.....the growth rate is accelerating and will be much, much larger in a year.

So will my hard drive.

ElectricMucus

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Interesting thing, I am glad I stayed out of this.

It's nice to see how certain people shift in their statements over the time. Makes me more confident to read up on how to implement a bot.
This is to me: I'd never make a single trade till I got something working, that should hopefully motivate myself. Grin

SkRRJyTC

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Quote from: SkRRJyTC on August 15, 2012, 04:53:42 PM

No bubble here so no popping either... but I am selling some at these levels as we are in dire need of a pullback. The technical are maxed out on every time scale from what I can see and its going to be more profitable to be a bear for the next couple days/weeks I think.

Well with last nights spikes my trading funds are now all USD... Nice daily doji candle could turn into red volume very easily... daily slow stoch has crossed down.

I say the top is in.

unclescrooge

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it's not a bubble because it's a very controlled growth. But as people see it grow so regurlarly, groth will keep accelerating until ... I don't know until when, but I don't think there will be some major draw back.

Of course there can be some serious player coming in, and then we look at several folds increase in a short time, and stabilisation at a far higher price. Considering the potential I see it as possible.

Quote from: Vladimir on August 15, 2012, 05:02:41 PM

What you see is bitcoins flowing from weak hands to strong hands. It can keep going on for long time, until it stops for a while.

+1

By the way, are you still working on a paypal-like system for bitcoin? (sorry if you don't want to talk about it)

Raize

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Quote from: ?? on ??

Maybe gox translates the bids across all the currencies and 100k is the total, it doesn't make much sense that Japan has about the same value of bids as US.

I guess I always assumed this was correct, Gox just does currency conversion as needed, the demand side is still the same pressure. Don't quote me on this though. In fact, if more Americans are selling Bitcoins for US cash than someone is buying in another currency it would entirely explain the problems Gox is having getting cash to customers.

axus

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Quote from: molecular on August 15, 2012, 05:26:51 PM

Quote from: misterbigg on August 15, 2012, 12:48:52 PM

When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?

just hold. bitcoin can only go up up up!

Bitcoin prices can only go up. Bitcoin will continue it's inexorable %10 weekly rise. Anyone who buys now, will be billionaires. Those who don't, will be stuck with worthless fiat currency and live in tents.

Accelerating growth is the sign of a bubble. It will keep accelerating until it's too fast, then pop. When I said 100% rise in a short period, I meant a weekend or a day.

calian

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Quote from: waspoza on August 15, 2012, 05:25:57 PM

Quote from: Vladimir on August 15, 2012, 05:02:41 PM

What you see is bitcoins flowing from weak hands to strong hands. It can keep going on for long time, until it stops for a while.

+1000 They aint gonna get my coins anytime soon.

Yeah, I want a few more zeros on the price here.

bitcon

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i'm glad i got out at $3. whew.

molecular

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Quote from: misterbigg on August 15, 2012, 12:48:52 PM

When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?

just hold. bitcoin can only go up up up!

waspoza

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Quote from: Vladimir on August 15, 2012, 05:02:41 PM

What you see is bitcoins flowing from weak hands to strong hands. It can keep going on for long time, until it stops for a while.

+1000 They aint gonna get my coins anytime soon.

finkleshnorts

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Quote from: Vladimir on August 15, 2012, 05:02:41 PM

What you see is bitcoins flowing from weak hands to strong hands. It can keep going on for long time, until it stops for a while.

Sounds about right.

Vladimir

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What you see is bitcoins flowing from weak hands to strong hands. It can keep going on for long time, until it stops for a while.

finkleshnorts

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Quote from: bitcon on August 15, 2012, 04:50:55 PM

last time the bubble popped because many ppl lost faith due to the "goxing" that occurred. If none of the major exchanges get hacked again we could see it reach $20 - $30 again very soon and even achieve stability at those prices..

Not really IMO. The $30 dollar coin last year would have drastically popped regardless. It might have continued for longer if the goxing didn't occur.

Topic: When will this bubble pop? - page 2. (Read 6834 times)