Silk Road forums

Discussion => Security => Topic started by: goblin on April 25, 2013, 03:47 pm

Title: I sure hope there's not another bitcoin bubble forming
Post by: goblin on April 25, 2013, 03:47 pm
Subject says it all. Cause if it goes up like a rocket, it will also crash again, although maybe not so low each time.

It's just that I can't take the roller coaster rides. I get motion sickness...
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: angel555 on April 25, 2013, 05:52 pm
Youre not the only one mate :-)
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: TideHat on April 25, 2013, 06:05 pm
Is there reason to believe that a bubble is forming? I really don't know a whole lot about the rise/fall of bitcoin prices, but is there a pattern or something that hints towards this?
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: Stringer on April 25, 2013, 09:22 pm
Is there reason to believe that a bubble is forming? I really don't know a whole lot about the rise/fall of bitcoin prices, but is there a pattern or something that hints towards this?

Rapid deflation is a good indicator from what I've observed.
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: goblin on April 25, 2013, 09:30 pm
All you have to do is sell all of your BTC right when you see the bubble starting to pop and then put all of the money that you just made back into BTC once the price bottoms out, before the upswing begins anew.

Profit.
I know that's human nature, and you can't expect people to go against it. But that behavior is exactly what causes booms and busts, bubbles and crashes...
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: Vegeta on April 26, 2013, 11:14 am
All you have to do is sell all of your BTC right when you see the bubble starting to pop and then put all of the money that you just made back into BTC once the price bottoms out, before the upswing begins anew.

Profit.

You make it sound easy when it's really not. Trading like that is risky and you could win big but you could also lose big. Bitcoin prices themselves are already so volatile and unpredictable that you're making an already risky day trading adventure even riskier. So if you do decide to do this, use only money you can afford to lose and tread carefully.
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: DoktaLockeEyeQue on April 26, 2013, 12:21 pm
Is there reason to believe that a bubble is forming? I really don't know a whole lot about the rise/fall of bitcoin prices, but is there a pattern or something that hints towards this?

Of course there is a reason, where there is money there is always a reason
People with more reason catalyze thoughts as such and people get scared to sell... they offloaded somealready increasing supply, decreasing demand and price, and people who are see it fall sell or use.. creating more supply  which lessens price.  Not saying bigcats with millions would do that.. ?

All you have to do is sell all of your BTC right when you see the bubble starting to pop and then put all of the money that you just made back into BTC once the price bottoms out, before the upswing begins anew.

What approach do you utilize if I may ask Overjoyed?

Profit.
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: maxieBB on April 27, 2013, 02:46 am
Subject says it all. Cause if it goes up like a rocket, it will also crash again, although maybe not so low each time.

It's just that I can't take the roller coaster rides. I get motion sickness...

May I prescribe
you some Dramamine for .10 coin?
wouldn't want to see ya spill yer guts on the coaster, that would be ugly.

p.s.  when the rocket crashes.........take two and call me in the morning.
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: itsthecops on April 27, 2013, 03:51 am
I like bobbles.
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: Ѕpongebоb on April 27, 2013, 04:25 am
I like bobbles.
I like bubbles.
Title: Re: I sure hope there's not another bitcoin bubble forming
Post by: nitpi950 on April 27, 2013, 04:28 am
I like bobbles.
I like bubbles.
http://upload.wikimedia.org/wikipedia/en/e/ed/Bubble_bobble.jpg

now kiss