Bitcoin Forum

BTC 35 - 36 going on 40.

Same thing happened to me. I just stopped thinking about it altogether. Better safe than sorry.

I started watching it at $4 last year, but just couldn't bring myself to commit to the risk.

A few weeks ago I started giving serious consideration to holding some bitcoin and getting involved in bitcoin transactions (making bitcoinstore purchases, assisting others with currency exchange, etc).

At about $27, I finally committed to the decision and picked up my first substantial amount of bitcoin, then at $32 or so I found I had a bit more USD funds available, so I picked up some more. I found that there was more interest in my exchange services than I expected and used the cash I received providing bitcoin for others to purchase more around $34.

Hey, looking at those numbers, I suppose it is entirely possible that each time you sold, I was the one who bought from you  ;D

We should find a way to cut out the middlemen and just exchange directly.  That way we can both avoid various fees and costs.  8)

It hasn't hit 40 yet, but anyone thinks it's going to hit 50?

You've got to give a date or your question is unanswerable.  Do I think it will hit 50 in the next 5 minutes? No.  Do I think it will hit 50 in the next 40 years? Yes.

How about this one:

Anyone think it will hit 50 without dropping below 30 first?

Stocks generally fall much faster than they rise, due to speculation. BTC should work the same way, theoretically.

I think its going to fall soon after it hits $40, IMHO. Who knows, though.

It will depend a lot on what further announcements are made and how many individuals are behind the current run-up.


Imagine that bitcoin is at $39 and Walmart announces that they have worked out a deal with BitPay and will be accepting bitcoin for payment at Walmart.com.  Do you really think it would stop at $40 then?

Imagine that bitcoin is at $39 and a news station breaks the story that Berkshire Hathaway has been buying up bitcoin at a steady rate.  Do you still think it would stop at $40?

Obviously both of those are extreme examples, but the basic point remains.  There have been several recent announcements about mainstream use of bitcoin.  If additional announcements keep coming, this rise could go on for a while.  If there is suddenly some significant bad news directly affecting bitcoin, fear could collapse the exchange rate really fast.

I would like to sell / buy bitcoin in toronto , because the exchange fee is too damn high. and one in south ontario ? we can have a meeting in somewhere around toronto.

Try with Local Bitcoin (https://localbitcoins.com/)

Even if you are 100% sure BTC is "too high" just remember

I would wait for the bubble to burst before I buy.
But over a period of time once the currency gains credibility this will be unstoppable ..
and may become as equivalent as Gold.

Unless someone figures out a way to encourage larger adoption by the masses .. even by those people who cant digest the complexities of mining and securing the wallet etc

I think it will reach $100 really fast, so many major businesses adopting it in the next 1-2months