Topic: Where do you think we are in the bubble? - page 5. (Read 10071 times)
after this bitcoin did one last dip under 1$ and then things got nuts.
will the same happen with 20$? Stay tune!
Just saying you are missing an important detail in this chart. I'll not tell you what it is so to not to ruin the surprise.
I think we are a little bit left of "takeoff".
after this bitcoin did one last dip under 1$ and then things got nuts.
will the same happen with 20$? Stay tune!
I think the bubble began when we broke double digits. I also think the stagnancy at $5 happened for a reason, and we will be back there by the years end.
Would you be interested in a deal where you buy the right to sell coins to me for $8 each at the end of the year? I'm willing to denominate this in gold too and we can settle with coin if we both want or I can ship.
"Media attention" phase methinks. Not sure but I think the overall sentiment is very similar to what it was around late April/early May 2011. Many people were still expecting the return back to sub-$1 prices.
This time, I think highest we might go could be bit over $100, likely much lower though. The correction will be huge, of course.
This time, I think highest we might go could be bit over $100, likely much lower though. The correction will be huge, of course.
I don't care where we are in the bubble anymore.
I have neutralized my initial investment, and I can hold my Bitcoins through whatever comes.
I have neutralized my initial investment, and I can hold my Bitcoins through whatever comes.
Sorry we already passed that chart two years ago. Wandering into uncharted territory to the right now...
Inflation rate in jan was 1.7% (which is low)
It only measures at 1.7% because the excess isn't going in to food much yet. Is there a bitcoin in their basket?
If this is a bubble, I think the farthest we are is just past the "media attention" elbow. That happened a few days ago (the Chart of the Day article - our Forbes blogger doesn't count).
Then again, this might just be a rally - in which case, sure, there'll be a correction, but it probably won't follow your chart.
Then again, this might just be a rally - in which case, sure, there'll be a correction, but it probably won't follow your chart.
We are getting close to the transition between Stealth phase and Awareness phase. Ready for take off 
Inflation rate in jan was 1.7% (which is low)
Mining is only done by a subsection of the community (and increasingly less as the arms race builds with asics and beyond) so block rewards have negligible effect on the price IMO. (as a speculator, the block reward has no bearing on how I trade)
I think the bubble began when we broke double digits. I also think the stagnancy at $5 happened for a reason, and we will be back there by the years end.
Mining is only done by a subsection of the community (and increasingly less as the arms race builds with asics and beyond) so block rewards have negligible effect on the price IMO. (as a speculator, the block reward has no bearing on how I trade)
I think the bubble began when we broke double digits. I also think the stagnancy at $5 happened for a reason, and we will be back there by the years end.
-Bernanke doubled down on money printing last December
-the block reward dropped to 25 BTC per coin
The value of coins was ~11-12 USD in December - based on that we'll need to get to ~$40 before a new bubble even starts.
-the block reward dropped to 25 BTC per coin
The value of coins was ~11-12 USD in December - based on that we'll need to get to ~$40 before a new bubble even starts.
Well we just had media attention a couple days ago hahah.
I'm thinking somewhere between "greed" and "delusion"....
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