Is the Bitcoin bubble going to burst (soon)?
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
DaveAuld wrote:
Anybody here been stashing and forgot about them?
A bit ago, some websites advertised with getting BC if you visited them (something like 0.0000x BC). No idea where they went.
DaveAuld wrote:
When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears.
It will if you already spend that money before you have it. ..although the valuation might sound rediculous, 2400$ would have sounded equally rediculous a bit ago. The amount of BC does not grow much, while the demand for it has a lot room left to grow. If demand grows while production does not increase, prices will rise more. Given the fact that the alternatives are "fiat" (which is targetted to loose 2% of value each year), demand might grow rather quick in the times to come. --edit Bitcoin Explodes Above $2400 After China Downgrade, Scaling Agreement Reached | Zero Hedge[^] The steady climb is what one would expect from a thing that holds its value, in an environment where the value of money goes down. GATA should pay attention :)
Bastard Programmer from Hell :suss: If you can't read my code, try converting it here[^][](X-Clacks-Overhead: GNU Terry Pratchett)
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
DaveAuld wrote:
.is it time to take a punt or not!
I just had a black coffee and it's Thursday. If you're going to do it, stick to spare change. Be wary of contemporary predictions, according to nearly every finance guru UK was supposed to wither away to nothing when it brexited - seems to be doing quite well in a positice direction. USA was supposed to become a smoking crater within days if Trump took office, also didn't happen. The top financial/news reporters and acclaimed talk show hosts so pissed off about being wrong again and again even they are making increasingly ludicrous shit up to prove they are still worth watching/reading. (Even that overrated dickhead Michael Moore is going down that road - yeah he did predict the win but predicted disaster to immediately follow ... WRONG!) Colbert, Oliver et al: useless turds that should have been sent home years ago. sorry to get soapbox-y, just a warning that more-so lately more than half of the "well informed news" (not just internet fake-news but the supposed real-source stuff too) has been very wrong. Once more, tread carefully, make sure loosing wont matter.
Sin tack the any key okay
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
DaveAuld wrote:
have to wonder if this is all going to end in tears
Of course it is! The trick is to make sure they're not your tears :laugh:
Now is it bad enough that you let somebody else kick your butts without you trying to do it to each other? Now if we're all talking about the same man, and I think we are... it appears he's got a rather growing collection of our bikes.
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
Is the Bitcoin bubble going to burst? For sure. When? Who knows. Should you invest? How is your appetite for risk? Three reasons to fear the coming crash in bitcoins - MarketWatch[^] Five Of The Largest Asset Bubbles In History | Investopedia[^]
Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell
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Is the Bitcoin bubble going to burst? For sure. When? Who knows. Should you invest? How is your appetite for risk? Three reasons to fear the coming crash in bitcoins - MarketWatch[^] Five Of The Largest Asset Bubbles In History | Investopedia[^]
Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
Yes.
«When I consider my brief span of life, swallowed up in an eternity before and after, the little space I fill, and even can see, engulfed in the infinite immensity of spaces of which I am ignorant, and which know me not, I am frightened, and am astonished at being here rather than there; for there is no reason why here rather than there, now rather than then.» Blaise Pascal
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Eddy Vluggen wrote:
When would you define something to be in a "bubble"?
We only have to look at Bitcoin directly. The rapid rise in price and high turnovers are the clear signals. What do people mean when they say there is a "bubble" going on in the market, such as a "housing bubble" or a "technology bubble"?[^] What intrinsic aspect of Bitcoin should make it's value rise so rapidly against $US, British Pound and Euro?
Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell
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Eddy Vluggen wrote:
When would you define something to be in a "bubble"?
We only have to look at Bitcoin directly. The rapid rise in price and high turnovers are the clear signals. What do people mean when they say there is a "bubble" going on in the market, such as a "housing bubble" or a "technology bubble"?[^] What intrinsic aspect of Bitcoin should make it's value rise so rapidly against $US, British Pound and Euro?
Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
I would cheer it on. 1 - Online Extortion relies heavily on this type of currency. They'd suddenly be broke. 2 - If they did extortion with real currency it could be traced and we could boil them in oil. 3 - If they cashed in their bitcoin, the appearance of real money would be traceable (and taxable). So, when I hear that flushing sound I'll be quite pleased.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
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I don't care but it should be stable to be a real currency else what's the point. This is a vehicle for spruikers.
Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell
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I don't care but it should be stable to be a real currency else what's the point. This is a vehicle for spruikers.
Peter Wasser "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell
pwasser wrote:
I don't care but it should be stable to be a real currency else what's the point.
No, it doesn't. Even in fiat-currencies there are swings and speculators. Few centuries ago, the Spanish flooded the silver and gold markets. That made the value go down wildly, but did not make it any less of a currency. Most people would prefer to hold their "value" in a currency that has room to grow in value, when compared to a currency that is debased by choice.
Bastard Programmer from Hell :suss: If you can't read my code, try converting it here[^][](X-Clacks-Overhead: GNU Terry Pratchett)
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I would cheer it on. 1 - Online Extortion relies heavily on this type of currency. They'd suddenly be broke. 2 - If they did extortion with real currency it could be traced and we could boil them in oil. 3 - If they cashed in their bitcoin, the appearance of real money would be traceable (and taxable). So, when I hear that flushing sound I'll be quite pleased.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
W∴ Balboos wrote:
1 - Online Extortion relies heavily on this type of currency. They'd suddenly be broke.
Because ransomware did not exist before the introduction of the BitCoin?
W∴ Balboos wrote:
2 - If they did extortion with real currency it could be traced and we could boil them in oil.
No, thanks to banks a lot of electronic fiat cannot be traced. Which reminds me, I got a donation to your name in the value of a million dollar. You just need to transfer 3000 dollar in administration fees :)
W∴ Balboos wrote:
3 - If they cashed in their bitcoin, the appearance of real money would be traceable (and taxable).
There's nothing to cash in - BC is cash*. -- *) for the given context.
Bastard Programmer from Hell :suss: If you can't read my code, try converting it here[^][](X-Clacks-Overhead: GNU Terry Pratchett)
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pwasser wrote:
I don't care but it should be stable to be a real currency else what's the point.
No, it doesn't. Even in fiat-currencies there are swings and speculators. Few centuries ago, the Spanish flooded the silver and gold markets. That made the value go down wildly, but did not make it any less of a currency. Most people would prefer to hold their "value" in a currency that has room to grow in value, when compared to a currency that is debased by choice.
Bastard Programmer from Hell :suss: If you can't read my code, try converting it here[^][](X-Clacks-Overhead: GNU Terry Pratchett)
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I would cheer it on. 1 - Online Extortion relies heavily on this type of currency. They'd suddenly be broke. 2 - If they did extortion with real currency it could be traced and we could boil them in oil. 3 - If they cashed in their bitcoin, the appearance of real money would be traceable (and taxable). So, when I hear that flushing sound I'll be quite pleased.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein
"If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010
Quite. So many people banging on about nonsense like this...we need VPNs so the government can't track what we do, we need WhatsApp so the government can't snoop on us, we need Bitcoin so the greedy bank fat cats don't control our money. The only actual use for all of these things are terrorism and criminal activities....news flash, the government couldn't care less what non-consequential nonsense you're talking to your irrelevant friends.
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
They say (in Hebrew) that prophecy was given to small children, deaf-mutes, and madmen. In which category do you place CPians? :)
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. --Winston Churchill
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They say (in Hebrew) that prophecy was given to small children, deaf-mutes, and madmen. In which category do you place CPians? :)
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. --Winston Churchill
Daniel Pfeffer wrote:
They say (in Hebrew) that prophecy was given to small children, deaf-mutes, and madmen. In which category do you place CPians? :)
small children, love to fight and usually deliver nonsense. (deaf mutes are just dumb bad listeners and madmen are in fact logical in their own way.)
Sin tack the any key okay
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Quite. So many people banging on about nonsense like this...we need VPNs so the government can't track what we do, we need WhatsApp so the government can't snoop on us, we need Bitcoin so the greedy bank fat cats don't control our money. The only actual use for all of these things are terrorism and criminal activities....news flash, the government couldn't care less what non-consequential nonsense you're talking to your irrelevant friends.
F-ES Sitecore wrote:
the government couldn't care less what non-consequential nonsense you're talking to your irrelevant friends
Not so sure about that.. [Europe’s Freedom of Speech Fail | Foreign Policy](http://foreignpolicy.com/2016/07/07/europes-freedom-of-speech-fail/) [EU states approve plans to make social media firms tackle hate speech| Reuters](http://uk.reuters.com/article/us-eu-hatespeech-socialmedia-idUKKBN18J25C) When I see terms like "hate speech" and "social cohesion" I get worried.. sounds an awful lot like excuses for "censorship" to me.
Now is it bad enough that you let somebody else kick your butts without you trying to do it to each other? Now if we're all talking about the same man, and I think we are... it appears he's got a rather growing collection of our bikes.
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I have been watching with interest over the last week at the continuing rise in Bitcoin and other leading digital currencies. It was only a few days ago that it had crossed the 2000 usd mark, and today has seen continued rise and is currently sitting around the $2700 and basically double where it was on a few weeks ago. Of course there is also a lot of interest in Ethereum, Litecoin and Ripple, the later I had never heard of until only a couple of days ago. I remember I had mined some Dogecoin back in 2014, and it has sat in a backed up wallet, back then it was worth 25 USD and now is apparently valued at 340 or something like that. When you start digging around and looking at various financial analysts making statements of 10K USD by the end of the year, to 1M USD in the next 5 years once the currency stabilises, which have to wonder if this is all going to end in tears. Hindsight is a wonderful thing, but when I think back to when I contemplated buying at 600usd, and then again at 1300usd...is it time to take a punt or not! Anybody here been stashing and forgot about them? Or anyone else following what's going on?
Dave Find Me On:Web|Youtube|Facebook|Twitter|LinkedIn Folding Stats: Team CodeProject
When looking into investments and trying to grow my wallet, I always take the stance of risk vs reward. I learned on Eve Online "Only fly what you can afford to lose." Invest what you can afford to lose; that way, if you win, you win big, but if you lose, you just suffer a "little" regret and nothing more.
When you are dead, you won't even know that you are dead. It's a pain only felt by others. Same thing when you are stupid.