5 ms·

Well, if that's not a clear sign that the bubble's about to burst, I don't know what is.

by Philadelphia 14y ago

wilfra 14y ago
About to? It's down over $150 in two days...
- jhales 14y ago
  still has a lot more to go before you get to the price levels people started chanting 'bubble' at.
- smsm42 14y ago
  Well, these things only can be seen post factum. Right now it could go back to $300 (though I personally have hard time believing that) or to $30.
  - maxerickson 14y ago
    I'm only casually watching the Mt Gox ticker, but there is an awful lot of buying whenever it gets to ~$70-$75.
    - lambda 14y ago
      Yeah, but yesterday the same was true when it got to $100 or so. After a crash, there are always enough hopeful people to support a price for a little while, before it starts sliding down slowly again, until it reaches its next plateau. I would expect this to get back down under $50 again (and I think even down to $30-$40) before it makes any kind of real recovery. But of course, I'm guessing as much as anyone. I just wish I hadn't been busy at a trade show this week, or I would have sold when they were in the $150-$200 range.
      - laichzeit0 14y ago
        Right now there are no trading fees on Mt.Gox until tomorrow. This probably gave (a) the guys with automated trading bots a field day to tweak their algorithms and (b) Mt.Gox a chance to take advantage of this to see if they can handle the increased load in trading. My guess is that there's going to be a last minute scramble to buy before the trading fees get reintroduced probably pushing the price up a bit. When trading fees go in there might be slightly less liquidity, compared to yesterday and today. Entirely speculative on my part, but plausible anyway.
      - maxerickson 14y ago
        Oh, I'm amazed by it. My baseless expectation is that it will certainly go under $50 and stay there for a while.
venomsnake 14y ago
It will burst ... and then it will bubble again ... and burst again. But unlike stock market it will be much faster ... There two good news for me - I was able to buy bioshock infinite and tomb raider for 20 euro both from people that bought miners 7970, and I am looking for a quad crossfire when they decide to unload the cards and cut losses.

Well, if that's not a clear sign that the bubble's about to burst, I don't know what is.

wilfra 14y ago

About to? It's down over $150 in two days...

jhales 14y ago
still has a lot more to go before you get to the price levels people started chanting 'bubble' at.
smsm42 14y ago
Well, these things only can be seen post factum. Right now it could go back to $300 (though I personally have hard time believing that) or to $30.
- maxerickson 14y ago
  I'm only casually watching the Mt Gox ticker, but there is an awful lot of buying whenever it gets to ~$70-$75.
  - lambda 14y ago
    Yeah, but yesterday the same was true when it got to $100 or so. After a crash, there are always enough hopeful people to support a price for a little while, before it starts sliding down slowly again, until it reaches its next plateau. I would expect this to get back down under $50 again (and I think even down to $30-$40) before it makes any kind of real recovery. But of course, I'm guessing as much as anyone. I just wish I hadn't been busy at a trade show this week, or I would have sold when they were in the $150-$200 range.
    - laichzeit0 14y ago
      Right now there are no trading fees on Mt.Gox until tomorrow. This probably gave (a) the guys with automated trading bots a field day to tweak their algorithms and (b) Mt.Gox a chance to take advantage of this to see if they can handle the increased load in trading. My guess is that there's going to be a last minute scramble to buy before the trading fees get reintroduced probably pushing the price up a bit. When trading fees go in there might be slightly less liquidity, compared to yesterday and today. Entirely speculative on my part, but plausible anyway.
    - maxerickson 14y ago
      Oh, I'm amazed by it. My baseless expectation is that it will certainly go under $50 and stay there for a while.

venomsnake 14y ago

It will burst ... and then it will bubble again ... and burst again. But unlike stock market it will be much faster ... There two good news for me - I was able to buy bioshock infinite and tomb raider for 20 euro both from people that bought miners 7970, and I am looking for a quad crossfire when they decide to unload the cards and cut losses.