Topic: Will the bubble burst? - page 7. (Read 4948 times)
I've been buying gold and silver for years and have heard of them being in a bubble many times. They go up and down, but go up overall. I think bitcoins will also have ups and downs. I'm sure there will be some that think a bubble has popped when the price adjusts down, before the next up, but it's down it's the best time to buy!
Yes, I felt that way when I first started buying a long time ago...
If it continues, then the bubble will pop. But until recently it has been growing linearly and not exponentially...
If it continues, then the bubble will pop. But until recently it has been growing linearly and not exponentially...
As for will the bubble burst, I would say almost certainly yes, as most speculative investment bubbles do. The problem is knowing when that correction will come, and how big will it be. For example it could come say at $200, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.
Good points! As a matter of fact, loosing investment opportunity due to slow wire transfers is itself a good illustration of the need for a currency like bitcoin. How is it possible for banks to use 3-4 days on a transfer. Do the travel personally bringing the money over to Japan?? (no, that would have been faster)
The same happened to me. I would have bought on Monday, but still don't have my money in the exchange due to slow bank transfer. 
As for will the bubble burst, I would say almost certainly yes, as most speculative investment bubbles do. The problem is knowing when that correction will come, and how big will it be. For example it could come say at $200, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.
I am personally waiting right now, we will see if that was the right choice or not.
As for will the bubble burst, I would say almost certainly yes, as most speculative investment bubbles do. The problem is knowing when that correction will come, and how big will it be. For example it could come say at $200, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.
I am personally waiting right now, we will see if that was the right choice or not.
Exponential growth in value! Get in while you can! Aaagh - 20% increase while I was waiting for the wire transfer to arrive!
Heard it before? Sure you have. So - will the bubble burst? Or is bitcoin just different? The exeption from the rule? The only true God this time?
Heard it before? Sure you have. So - will the bubble burst? Or is bitcoin just different? The exeption from the rule? The only true God this time?
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