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Title: Why WON'T it hit 100 this year? Post by: lebing on March 05, 2013, 12:52:10 PM It seems pretty obvious to me that it will. Anyone have a good reason why it won't?
Title: Re: Why WON'T it hit 100 this year? Post by: gimme_bottles on March 05, 2013, 12:56:20 PM why don't you ask proudhon, he might know :P
Title: Re: Why WON'T it hit 100 this year? Post by: move_zig on March 05, 2013, 01:02:41 PM In this chart, the 2011 bubble is about 5 squares tall. The current rally is only about 1.5 squares.
I hope the price levels off here for several months, but I could see it hitting $100 in this rally. https://i.imgur.com/tdqokpO.png Title: Re: Why WON'T it hit 100 this year? Post by: Spaceman_Spiff on March 05, 2013, 01:08:27 PM Lebing , you are doing it wrong, your post title should be "bitcoin won't hit $100 this year" ;D
Title: Re: Why WON'T it hit 100 this year? Post by: move_zig on March 05, 2013, 01:13:25 PM In this picture, I've shown what a run-up in price similar to 2011 would look like starting from the bottom of the current rally.
This is for comparison purposes only. I don't mean to suggest it will play out the same way. https://i.imgur.com/mtMZ9yV.png Title: Re: Why WON'T it hit 100 this year? Post by: proudhon on March 05, 2013, 01:14:27 PM why don't you ask proudhon, he might know :P Here I am. Why won't it? Because I say so, that's why. Title: Re: Why WON'T it hit 100 this year? Post by: lebing on March 05, 2013, 01:18:40 PM why don't you ask proudhon, he might know :P Here I am. Why won't it? Because I say so, that's why. Thanks for the confirmation ;) http://i1204.photobucket.com/albums/bb418/shania_cares/Gifs%20and%20User%20Pics/ScroogeMcDuckSwimsinMoney.gif Title: Re: Why WON'T it hit 100 this year? Post by: Grouver (BtcBalance) on March 05, 2013, 01:38:36 PM The higher the price gets the more psychological undoauble it gets for people to buy just 1 BTC.
So comparing the June 2011 rally with now is a little bit off since there is a huge difference between a rally from $1 to 31 and $10 to $100~. Title: Re: Why WON'T it hit 100 this year? Post by: twolifeinexile on March 05, 2013, 01:43:28 PM The higher the price gets the more psychological undoauble it gets for people to buy just 1 BTC. That means the volatility could be relatively smaller, which is good thing.So comparing the June 2011 rally with now is a little bit off since there is a huge difference between a rally from $1 to 31 and $10 to $100~. |
