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Title: Bitcoin will hit $50 this month. Post by: 🏰 TradeFortress 🏰 on March 05, 2013, 10:05:12 AM If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least.
Title: Re: Bitcoin will hit $50 this month. Post by: psybits on March 05, 2013, 10:48:15 AM Seconded :)
I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... Title: Re: Bitcoin will hit $50 this month. Post by: molecular on March 05, 2013, 11:23:05 AM Seconded :) I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... Have you been with us in 2011? I can imagine it going down. Huge bad news, continuous bad press follwing, add some panic and voila. I don't think it's time yet, though. maybe when we reached $225 or $450. Title: Re: Bitcoin will hit $50 this month. Post by: Endgame on March 05, 2013, 11:25:03 AM Seconded :) I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks. Title: Re: Bitcoin will hit $50 this month. Post by: oakpacific on March 05, 2013, 11:29:43 AM Seconded :) I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks. If you think about it, bitcoin itself is ridiculously simple to secure, though tedious. Title: Re: Bitcoin will hit $50 this month. Post by: psybits on March 05, 2013, 11:46:54 AM Seconded :) I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks. If you think about it, bitcoin itself is ridiculously simple to secure, though tedious. These are good points. I just hope the key players have taken the necessary precautions. Title: Re: Bitcoin will hit $50 this month. Post by: piramida on March 05, 2013, 11:56:11 AM Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity.
So split key systems are a total must. I only heard about split-keys from coinlab so far. Title: Re: Bitcoin will hit $50 this month. Post by: grondilu on March 05, 2013, 12:10:42 PM I don't think it's time yet, though. maybe when we reached $225 or $450. ;D ;D ;D Title: Re: Bitcoin will hit $50 this month. Post by: BIGMERVE on March 05, 2013, 12:15:22 PM Seconded :) I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks. You can also assume as the price goes up so does the incentive to protect your bitcoins. Title: Re: Bitcoin will hit $50 this month. Post by: josiahgarber on March 05, 2013, 12:21:00 PM If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least. I think it is hard to predict what will happen. Bitcoin seems to me to be a boom or bust type investment. Take the market cap of Apple and divide it by 21 million. Kind of puts things in perspective. Title: Re: Bitcoin will hit $50 this month. Post by: oakpacific on March 05, 2013, 12:47:42 PM Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity. So split key systems are a total must. I only heard about split-keys from coinlab so far. Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado. Title: Re: Bitcoin will hit $50 this month. Post by: Piper67 on March 05, 2013, 01:00:37 PM Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity. So split key systems are a total must. I only heard about split-keys from coinlab so far. Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado. Armory is also coming up with a split key solution, apparently. Title: Re: Bitcoin will hit $50 this month. Post by: Grouver (BtcBalance) on March 05, 2013, 01:40:03 PM If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least. Thats what "they" said in 2011. :)Title: Re: Bitcoin will hit $50 this month. Post by: Herodes on March 05, 2013, 01:43:42 PM Anything can happen. ;D
Some bad news with some of the big bitcoin companies, and the price could come plummeting down for instance. Title: Re: Bitcoin will hit $50 this month. Post by: lebing on March 05, 2013, 01:56:58 PM Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity. So split key systems are a total must. I only heard about split-keys from coinlab so far. Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado. Yeah, because an NDA will stop someone from walking out the door and onto a plane with 50,000 coins. =P Title: Re: Bitcoin will hit $50 this month. Post by: Rygon on March 05, 2013, 02:20:30 PM Yeah, $50 seems about right, following the trend from January and February.
Title: Re: Bitcoin will hit $50 this month. Post by: Odalv on March 05, 2013, 02:24:09 PM Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity. It is easy to print encrypted.So split key systems are a total must. I only heard about split-keys from coinlab so far. Title: Re: Bitcoin will hit $50 this month. Post by: samson on March 05, 2013, 02:32:24 PM Unless there's a few really big sell offs I think it could hit $50-55 on or before Tuesday 12th of March.
If it gets that high before then I would take it as a warning sign that the growth is out of control. Title: Re: Bitcoin will hit $50 this month. Post by: psybits on March 05, 2013, 02:41:17 PM Yeah, $50 seems about right, following the trend from January and February. Yes, but the real question is - when does it end? $100? $500? More? Title: Re: Bitcoin will hit $50 this month. Post by: oakpacific on March 05, 2013, 02:46:34 PM Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity. So split key systems are a total must. I only heard about split-keys from coinlab so far. Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado. Yeah, because an NDA will stop someone from walking out the door and onto a plane with 50,000 coins. =P NDA is just an additional safeguard, besides, where are you gonna sell it, other than Gox? PS: I think Magicaltux maybe the only one with access to the Gox key, and I don't think they use a paper wallet, an offline computer with access control is more likely. Title: Re: Bitcoin will hit $50 this month. Post by: piramida on March 05, 2013, 03:10:03 PM I think Magicaltux maybe the only one with access to the key. Now *that* would be disastrous. I don't even talk about an accident leading to a loss of 100mil; let's say people are kidnapped left and right for 1% of that amount. Title: Re: Bitcoin will hit $50 this month. Post by: Morblias on March 05, 2013, 03:11:13 PM Yeah, $50 seems about right, following the trend from January and February. Yes, but the real question is - when does it end? $100? $500? More? With all the news lately about Bitcoin, demand is only going to continue to grow. Who knows when it will end, but I don't see it stopping/slowing down anytime soon. This shot demand up even more: https://twitter.com/KimDotcom/status/308615839974817793 https://twitter.com/KimDotcom/status/308617409311432706 Title: Re: Bitcoin will hit $50 this month. Post by: Fiyasko on March 05, 2013, 03:27:36 PM Too many of these threads, C'mon people, atleast give us reasons as to why you think so in the OP
Title: Re: Bitcoin will hit $50 this month. Post by: oakpacific on March 05, 2013, 03:31:37 PM I think Magicaltux maybe the only one with access to the key. Now *that* would be disastrous. I don't even talk about an accident leading to a loss of 100mil; let's say people are kidnapped left and right for 1% of that amount. However many parts you split your key, you could still just randomly kidnap anyone of the keyholders and coerce all the others to cooperate to give you the money you want, this also applied to traditional banking, you simply can not eliminate the risk of kidnapping. If the kidnapper can not coerce anyone else but MT, then they need to have physical access to the offline computer to finish the transaction(I meant he got the key to access the computer, not that he memorized the private key itself). Title: Re: Bitcoin will hit $50 this month. Post by: piramida on March 05, 2013, 03:50:48 PM Yeah, the question is tricky, but still, at least two people should hold each part of the key, and they should not ever fly the same airplane :) Or better yet, bank vault account holder with a clear will about inheritance. I generally don't think a single human is reliable enough for any task, we are rather fragile.
Title: Re: Bitcoin will hit $50 this month. Post by: psybits on March 05, 2013, 03:55:08 PM Yeah, the question is tricky, but still, at least two people should hold each part of the key, and they should not ever fly the same airplane :) Or better yet, bank vault account holder with a clear will about inheritance. I generally don't think a single human is reliable enough for any task, we are rather fragile. Maybe a p2p articial intelligence based on Bitcoin technology could hold the keys for safe keeping? Title: Re: Bitcoin will hit $50 this month. Post by: bullioner on March 05, 2013, 04:24:27 PM Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado. Don't do this. Split the key securely, for example using Shamir's secret sharing algorithm. Title: Re: Bitcoin will hit $50 this month. Post by: Zangelbert Bingledack on March 05, 2013, 06:10:57 PM Already predicted two weeks ago (https://bitcointalk.org/index.php?topic=146022.0).
Title: Re: Bitcoin will hit $50 this month. Post by: Delicieuxz on March 05, 2013, 06:21:20 PM Seconded :) I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks. If you think about it, bitcoin itself is ridiculously simple to secure, though tedious. What needs to be done, that's tedious, to secure it? Just a curiosity. Title: Re: Bitcoin will hit $50 this month. Post by: Jaw3bmasters on March 05, 2013, 06:33:34 PM Correction. Bitcoin will hit $60 this month.
Title: Re: Bitcoin will hit $50 this month. Post by: move_zig on March 05, 2013, 07:11:08 PM Yeah, $50 seems about right, following the trend from January and February. Yes, but the real question is - when does it end? $100? $500? More? I imagine somewhere from $200 to $400 https://i.imgur.com/mtMZ9yV.png Title: Re: Bitcoin will hit $50 this month. Post by: donjoe on March 05, 2013, 07:16:21 PM I imagine somewhere from $200 to $400 You're doing it rong. You should use the same horizontal, not vertical interval, because it's more likely that the duration the optimism survives will be the same, not the doubling rate. The doubling rate is obviously lower this time.Title: Re: Bitcoin will hit $50 this month. Post by: molecular on March 05, 2013, 07:52:00 PM I imagine somewhere from $200 to $400 You're doing it rong. You should use the same horizontal, not vertical interval, because it's more likely that the duration the optimism survives will be the same, not the doubling rate. The doubling rate is obviously lower this time.That would mean: soon. https://i.imgur.com/QP2vdb0l.png (https://i.imgur.com/QP2vdb0.png) But I don't buy it. Title: Re: Bitcoin will hit $50 this month. Post by: molecular on March 05, 2013, 07:56:59 PM the volume in currency says: you can't compare what's happening now to 2011:
https://i.imgur.com/0yp8I5el.png (https://i.imgur.com/0yp8I5e.png) Title: Re: Bitcoin will hit $50 this month. Post by: donjoe on March 05, 2013, 08:26:07 PM That would mean: soon. No, it doesn't seem realistic on its own. It will probably be something in between, with optimism surviving longer because of the slower growth, but I still don't see any reason to assume there will be the same number of doublings.But I don't buy it. Title: Re: Bitcoin will hit $50 this month. Post by: oakpacific on March 06, 2013, 01:11:32 AM Seconded :) I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks. If you think about it, bitcoin itself is ridiculously simple to secure, though tedious. What needs to be done, that's tedious, to secure it? Just a curiosity. http://bitcoinarmory.com/using-offline-wallets-in-armory/ See the offline transaction part. Title: Re: Bitcoin will hit $50 this month. Post by: mb300sd on March 06, 2013, 01:16:18 AM Bitcoin will hit $50 this
Title: Re: Bitcoin will hit $50 this month. Post by: Mike Christ on March 06, 2013, 01:17:09 AM Feels like it was just a week ago people were saying it'd never hit $30 :P
Title: Re: Bitcoin will hit $50 this month. Post by: justusranvier on March 06, 2013, 03:06:45 AM Bitcoin will hit $50 Probably before I wake up in the morning.Title: Re: Bitcoin will hit $50 this month. Post by: Herodes on March 06, 2013, 04:49:21 AM Bitcoin will hit $50 Probably before I wake up in the morning.LOL Title: Re: Bitcoin will hit $50 this month. Post by: 🏰 TradeFortress 🏰 on March 06, 2013, 09:24:47 AM Bitcoin will hit $50 Probably before I wake up in the morning.Title: Re: Bitcoin will hit $50 this month. Post by: Mageant on March 06, 2013, 09:40:30 AM Maybe by the end of this week even.
Title: Re: Bitcoin will hit $50 this month. Post by: Jrock on March 06, 2013, 09:54:27 AM We are going to 50 real soon unless someone can trigger a panic and honestly with this amount of buying pressure I just don't think it's gonna happen in time.
Title: Re: Bitcoin will hit $50 this month. Post by: Nesetalis on March 06, 2013, 09:58:31 AM I was sure we were going to hit 50 a few minutes ago... but nope, panic sells all the way to -gasp- 43.90!
Seriously though, this market is nuts. Feels very different from 2011 though. I'm excited, can't wait for the bubble to pop... :P Title: Re: Bitcoin will hit $50 this month. Post by: julius on March 06, 2013, 10:07:54 AM Last trade in bitstamp was for 47.37. We are almost there!
Title: Re: Bitcoin will hit $50 this month. Post by: Jrock on March 06, 2013, 10:14:32 AM It's funny how many people that were much more wealthy then I am to invest in Bitcoin and not a single one of them did.
A lot of them I told back when coins were going for about 4.50$ each. Why do my friends never listen to me? Title: Re: Bitcoin will hit $50 this month. Post by: lebing on March 06, 2013, 10:25:29 AM It's funny how many people that were much more wealthy then I am to invest in Bitcoin and not a single one of them did. A lot of them I told back when coins were going for about 4.50$ each. Why do my friends never listen to me? Same goes for most all of us on this forum I imagine. The good news is its not too late to get in. Title: Re: Bitcoin will hit $50 this month. Post by: Nesetalis on March 06, 2013, 10:30:23 AM It's funny how many people that were much more wealthy then I am to invest in Bitcoin and not a single one of them did. I know, right? room mate was talking about it in december, back when the price was around 11-12$... but he never did. Then when the price hit 27$ he kicked himself.. but he still didn't buy in.. now that its hit 47... hes just quiet. :PA lot of them I told back when coins were going for about 4.50$ each. Why do my friends never listen to me? I told so many people "the price is probably going to spike after december... get in now." Not one person did XD Title: Re: Bitcoin will hit $50 this month. Post by: Mageant on March 06, 2013, 10:30:33 AM It's funny how many people that were much more wealthy then I am to invest in Bitcoin and not a single one of them did. A lot of them I told back when coins were going for about 4.50$ each. Why do my friends never listen to me? I had the same thing. I've been telling some friends and family of mine since early 2012 at least. They said it was "too risky". Meanwhile, the price is up 9 times it was then. :) Title: Re: Bitcoin will hit $50 this month. Post by: phatsphere on March 06, 2013, 11:30:19 AM personally, i have a "doubling" theory. all major prices so far are around powers of 2 minus 1. so, if this is true, next ATH is 63.
Title: Re: Bitcoin will hit $50 this month. Post by: molecular on March 06, 2013, 12:12:29 PM It's funny how many people that were much more wealthy then I am to invest in Bitcoin and not a single one of them did. I know, right? room mate was talking about it in december, back when the price was around 11-12$... A lot of them I told back when coins were going for about 4.50$ each. Why do my friends never listen to me? David Morgan repeatedly says something along the lines of: "Many people never buy at the bottom or when the price is low, they will make the decision and then hesitate and stand on the sidelines until the price goes up a lot. Only then they buy". (not exact quote). Title: Re: Bitcoin will hit $50 this month. Post by: Fiyasko on March 06, 2013, 02:21:19 PM Freaking jumped by another $5 overnight again ;D
Title: Re: Bitcoin will hit $50 this month. Post by: blackreplica on March 06, 2013, 03:48:42 PM We're one dollar away from hitting 50
Seems like its been gaining about 10% day on day the past few days pretty consistently. Title: Re: Bitcoin will hit $50 this month. Post by: Timep34 on March 06, 2013, 03:52:53 PM Looks like it might hit $50 today, crazy!
Title: Re: Bitcoin will hit $50 this month. Post by: piramida on March 06, 2013, 03:54:09 PM All investments I know of which grow 10% per day end up with disaster. I don't like this rate. 1% per day was much more sustainable :)
Title: Re: Bitcoin will hit $50 this month. Post by: Pteppic on March 06, 2013, 03:54:32 PM Oh, come on. I was actually doing some work for 10 mins there. How am I supposed to concentrate when I look up and find I just made another month's salary :P
Title: Re: Bitcoin will hit $50 this month. Post by: samson on March 06, 2013, 03:57:41 PM All investments I know of which grow 10% per day end up with disaster. I don't like this rate. 1% per day was much more sustainable :) I'm in agreement here, if it doesn't level off there could be a big correction. Title: Re: Bitcoin will hit $50 this month. Post by: twolifeinexile on March 06, 2013, 03:59:23 PM All investments I know of which grow 10% per day end up with disaster. I don't like this rate. 1% per day was much more sustainable :) Even 1% is crazy enough, if you calc it 365 days, that is up 37 times in one year. Is there any investment like that which is not poped up?Title: Re: Bitcoin will hit $50 this month. Post by: blackreplica on March 06, 2013, 04:00:50 PM Anyone else out there thinking what I'm thinking? This kind of buying activity and accumulation in the last week didn't just come out of nowhere. I'm thinking it's insider information. Big players are starting to collect in anticipation of big news? I'm betting that if I'm right, it has something to do with the Gox-Coinbase thing
We are hitting 50 too quickly. It's already broken the exponential growth trend observed the past few months. Either theres a good reason for this (and we don't know it yet, but soon will) or there isn't, and we risk a correction) http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=M&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=1&p=0& Title: Re: Bitcoin will hit $50 this month. Post by: LoweryCBS on March 06, 2013, 04:01:11 PM Good god, somebody please hack somebody, scam some coins, something - this is insane. Slow this train DOWN!
Title: Re: Bitcoin will hit $50 this month. Post by: RodeoX on March 06, 2013, 04:04:38 PM Is someone making big buys in Europe? It seems like these spikes are happening overnight for us in the U.S.
Title: Re: Bitcoin will hit $50 this month. Post by: Morblias on March 06, 2013, 04:05:41 PM Anyone else out there thinking what I'm thinking? This kind of buying activity and accumulation in the last week didn't just come out of nowhere. I'm thinking it's insider information. Big players are starting to collect in anticipation of big news? I'm betting that if I'm right, it has something to do with the Gox-Coinbase thing We are hitting 50 too quickly. It's already broken the exponential growth trend observed the past few months http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=M&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=1&p=0& I'm thinking this had something to do with it: https://twitter.com/KimDotcom/status/308615839974817793 https://twitter.com/KimDotcom/status/308617409311432706 Title: Re: Bitcoin will hit $50 this month. Post by: blackreplica on March 06, 2013, 04:08:23 PM Morblias, you could be right there.
I live in timezone GMT + 8. During daylight hours over here is when i observe the greatest increase in price (considering past few days). When i woke up it was almost $45 and now before I sleep its already close to $50. All this demand could be coming from China which is smack in my time zone. Only question is how come now, and all at once? Was there some huge Chinese news on the bitcoin runup recently? Title: Re: Bitcoin will hit $50 this month. Post by: RodeoX on March 06, 2013, 04:22:20 PM Morblias, you could be right there. If it is coming from China, that could be interesting. There are many intriguing possible actors. 8)I live in timezone GMT + 8. During daylight hours over here is when i observe the greatest increase in price (considering past few days). When i woke up it was almost $45 and now before I sleep its already close to $50. All this demand could be coming from China which is smack in my time zone. Only question is how come now, and all at once? Was there some huge Chinese news on the bitcoin runup recently? Title: Re: Bitcoin will hit $50 this month. Post by: onealfa on March 06, 2013, 04:40:19 PM Good god, somebody please hack somebody, scam some coins, something - this is insane. Slow this train DOWN! hmmm... WHY do you say this ??? $49.099 a while ago.... Hello FIFTIES !!! Title: Re: Bitcoin will hit $50 this month. Post by: lebing on March 06, 2013, 04:45:18 PM Morblias, you could be right there. If it is coming from China, that could be interesting. There are many intriguing possible actors. 8)I live in timezone GMT + 8. During daylight hours over here is when i observe the greatest increase in price (considering past few days). When i woke up it was almost $45 and now before I sleep its already close to $50. All this demand could be coming from China which is smack in my time zone. Only question is how come now, and all at once? Was there some huge Chinese news on the bitcoin runup recently? Yep. https://bitcointalk.org/index.php?topic=146768.msg1589309#msg1589309 Title: Re: Bitcoin will hit $50 this month. Post by: julius on March 06, 2013, 05:31:24 PM Will reaching 50$ have some kind of special impact in speculators decisions? In other words, are the chances of a bubble bursting when we break a round number (such as 50, or 100) higher than reaching any other price?
Title: Re: Bitcoin will hit $50 this month. Post by: Bitcopia on March 06, 2013, 05:56:02 PM Will reaching 50$ have some kind of special impact in speculators decisions? In other words, are the chances of a bubble bursting when we break a round number (such as 50, or 100) higher than reaching any other price? $50 is a large psychological barrier. Lots of people are willing to take profits here. Just look at the depth chart. Title: Re: Bitcoin will hit $50 this month. Post by: molecular on March 06, 2013, 09:49:23 PM Is someone making big buys in Europe? It seems like these spikes are happening overnight for us in the U.S. No, Asia. When I get up in Europe, usually a big increase has happened over night. It continues (albeit slower) during the Euro-day and when the US people wake up you don't know what'll happen ;) Title: Re: Bitcoin will hit $50 this month. Post by: molecular on March 06, 2013, 09:51:55 PM Will reaching 50$ have some kind of special impact in speculators decisions? In other words, are the chances of a bubble bursting when we break a round number (such as 50, or 100) higher than reaching any other price? $50 is a large psychological barrier. Lots of people are willing to take profits here. Just look at the depth chart. True, but once a psychological barrier is broken, buying usually intensifies (because of the holdback). Sorta like when making love... well, that's a different story. Title: Re: Bitcoin will hit $50 this month. Post by: Herodes on March 06, 2013, 10:05:06 PM Is someone making big buys in Europe? It seems like these spikes are happening overnight for us in the U.S. No, Asia. When I get up in Europe, usually a big increase has happened over night. It continues (albeit slower) during the Euro-day and when the US people wake up you don't know what'll happen ;) I would think many of the increases happens when americans are having their evening? Title: Re: Bitcoin will hit $50 this month. Post by: samson on March 06, 2013, 10:12:14 PM I would think many of the increases happens when americans are having their evening? Yes, I noticed this too. I've often noticed big differences happen late in the afternoon through to about midnight US Pacific time. This is midnight until 8am UK time. Title: Re: Bitcoin will hit $50 this month. Post by: Tomatocage on April 11, 2013, 07:21:28 PM If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least. I hope you're right. Is love to pick up some cheap coins! Title: Re: Bitcoin will hit $50 this month. Post by: Coincrazy on April 11, 2013, 07:26:21 PM If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least. it did today - april 11 - 2013 Title: Re: Bitcoin will hit $50 this month. Post by: piramida on May 15, 2014, 05:54:05 PM necrodig from when $50 seemed like "wow such high".
Title: Re: Bitcoin will hit $50 this month. Post by: samson on May 15, 2014, 06:01:31 PM necrodig from when $50 seemed like "wow such high". Again I find myself looking forward to $50 Bitcoins... Title: Re: Bitcoin will hit $50 this month. Post by: YipYip on May 15, 2014, 06:29:39 PM necrodig from when $50 seemed like "wow such high". Again I find myself looking forward to $50 Bitcoins... ...lolz go hungry bearboy Title: Re: Bitcoin will hit $50 this month. Post by: samson on May 15, 2014, 06:35:22 PM necrodig from when $50 seemed like "wow such high". Again I find myself looking forward to $50 Bitcoins... ...lolz go hungry bearboy lol, never say never ! Title: Re: Bitcoin will hit $50 this month. Post by: ElectricMucus on May 15, 2014, 06:42:37 PM Anyone else out there thinking what I'm thinking? This kind of buying activity and accumulation in the last week didn't just come out of nowhere. I'm thinking it's insider information. Big players are starting to collect in anticipation of big news? I'm betting that if I'm right, it has something to do with the Gox-Coinbase thing We are hitting 50 too quickly. It's already broken the exponential growth trend observed the past few months http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=180&i=&c=0&s=&e=&Prev=&Next=&t=M&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=1&p=0& I'm thinking this had something to do with it: https://twitter.com/KimDotcom/status/308615839974817793 https://twitter.com/KimDotcom/status/308617409311432706 loling at this Title: Re: Bitcoin will hit $50 this month. Post by: piramida on May 15, 2014, 06:46:43 PM loling at this The broken embedded gox chart is funny yeah :) Title: Re: Bitcoin will hit $50 this month. Post by: serenitys on May 16, 2014, 01:12:45 AM Will reaching 50$ have some kind of special impact in speculators decisions? In other words, are the chances of a bubble bursting when we break a round number (such as 50, or 100) higher than reaching any other price? $50 is a large psychological barrier. Lots of people are willing to take profits here. Just look at the depth chart. True, but once a psychological barrier is broken, buying usually intensifies (because of the holdback). Sorta like when making love... well, that's a different story. Not really...because if it busts over $50 and keeps going all the way back up toward the $1ks, I'm totally having an orgasm. ;D Title: Re: Bitcoin will hit $50 this month. Post by: TERA on May 16, 2014, 01:19:03 AM Seconded :) interesting...I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... Title: Re: Bitcoin will hit $50 this month. Post by: Ibian on May 16, 2014, 01:25:32 AM Seconded :) interesting...I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ... Title: Re: Bitcoin will hit $50 this month. Post by: TERA on May 16, 2014, 01:32:25 AM So now that we're having these problems again, does that mean we shouldn't be above $50 anymore ???
Title: Re: Bitcoin will hit $50 this month. Post by: Ibian on May 16, 2014, 01:34:20 AM So now that we're having these problems again, does that mean we shouldn't be above $50 anymore ??? It means we do not have "these problems" again. No hack, just a thief who appears to be getting away with it.Title: Re: Bitcoin will hit $50 this month. Post by: piramida on May 16, 2014, 06:41:32 AM But there were many hacks since then, even if you don't consider gox a hack (which I think it is, just in another meaning of the word "hack"). But really, $50 felt as something big, and after we crossed $200 shortly after, euphoria was at such high as if it was a baby jesus coming to life right before your eyes :)
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