Bitcoin Bubble?

[TeamTactical]

EDIT: SELL YOUR BITCOINS BEFORE THEY'RE WORTH LIKE $300 EACH.

 

I just want to post these three images and speculate on the possibility of the moment not being a good time to jump the bitcoin bandwagon.

Don't get me wrong, I love the idea of bitcoin as much as the rest of you but looking at these graphs and putting two and two together has led me to believe that now looks like the worst possible time to invest in BTC.

 

So what do you guys think? Do you agree? Disagree? Up until this point i've been skeptical of the "Bitcoin Bubble" claims but now it's starting to look like a possibility.

 

 

EDIT: Just for clarification, the first two images are the bitcoin valuation at various time scales pulled from http://bitcoinity.org/markets, while the third image is the typical "bubble".

[RatedBlam]

From what I've learned bitcoin won't stop existing, but for the value, I have no idea, I have no skill in economics

[DrunkAssassin]

Time to start mining Litecoins then.

[TeamTactical]

Time to start mining Litecoins then.

Litecoins have also dropped from $30 to $22 in the past week or two, litecoin is very closely tied to bitcoin in value.

[tobben]

Time to start mining Litecoins then.

alot of people seem to be converting their litecoins into bitcoins for easy trade sooooo yeahhhh.....

[Guest GRRigger]

There will be allways falls. But the real question is: does bitcoin has upper limit? If it gets even more used, it can reach 2000, 3000, 5000, 10000, can you imagine world trade being made with bitcoin?

Also investing in litecoing is great right now, both mining and buying.

[bluedyguard]

At least dogecoin wasn't hit that hard. _{let the hate begin}

[Guest]

At least dogecoin wasn't hit that hard. _{let the hate begin}

such currency

[MariusJS]

Litecoins have also dropped from $30 to $22 in the past week or two, litecoin is very closely tied to bitcoin in value.

Uhm at one point Litecoin almost touched 50$...

 

such currency

Much profit

[Alibaladin]

Just wait for some more big banks going after Bitcoins and there goes your bitcoin value.

[KamiKatze]

I started mining LTC today.      :lol:   

It's bearly profitable in europe.

[Mooshi]

At least dogecoin wasn't hit that hard. _{let the hate begin}

 

I did hate at first because I deemed it too herp even by internet standards, but doge is silly, doge is love, doge is life.  And also it's way easier to mine dogecoins and exchange for litecoins if you wish vs straight up mining litecoin.

[Alex780]

It's when the value is very low that it is worth buying. You wouldn't have to spend much and the value can almost only go up.

[Guest]

Very Coins

wow

[qazwertsad232]

At least dogecoin wasn't hit that hard. _{let the hate begin}

To the moon!!! └(°ᴥ°)┘

[bluedyguard]

To the moon!!! └(°ᴥ°)┘

 

wow

 

 

Much profit

 

Very Coins

 

 

[TeamTactical]

Holy shit guys it just keeps going down. Just reached a low of $577.

 

If you have bitcoins still, I'd be selling like crazy. Buy them back when they're cheaper guys.

 

I was going to invest but it really is a downward spiral right now.

[Aleppi]

Damn i traded a few of my litecoins for bitcoins when it was worth 860 better hold on to them.

[TeamTactical]

Damn i traded a few of my litecoins for bitcoins when it was worth 860 better hold on to them.

If Bitcoin crashes, Litecoin may very well follow soon after. I'd get out of the whole business while they're still decently valuable and then buy when the crash has been fully completed.

[Blackterror25]

It's happenings, 460 dollar/bitcoin

 

11.5 dollar/litecoin

 

Hold off for a bit longer and it's gonna be time to start buying coins!

[RuecanOnRails]

Anyone who was wanting to pick up a 7950/7970/280X but couldn't, watch ebay for people who are in despair selling their mining equipment. I might pick up a couple if they become abundant and cheap enough

[Mooshi]

Anyone who was wanting to pick up a 7950/7970/280X but couldn't, watch ebay for people who are in despair selling their mining equipment. I might pick up a couple if they become abundant and cheap enough

 

Haha, yes. Maybe the 7950 will start selling for 7950 prices as they should and not inflated to GTX 780 turf.

[MariusJS]

Anyone who was wanting to pick up a 7950/7970/280X but couldn't, watch ebay for people who are in despair selling their mining equipment. I might pick up a couple if they become abundant and cheap enough

Still not happening

If BTC go under 300$ I WILL buy!

[RuecanOnRails]

Still not happening

If BTC go under 300$ I WILL buy!

 

Bitcoin's on sale just in time for the holidays! 

 

Bearish short term.

Bullish long term.

 

Bitcoin/Litecoin are far to disruptive of a technology to just go away

I'm just waiting for China to run out of coins to sell hehe

[TeamTactical]

So at what value are you guys going to start buying up? And how many will you buy?

 

I'm going to wait until it looks like it's steadily going up again before buying in.