|
Title: The $1 barrier, the $50 barrier, and a >$300 peak. Post by: poly on March 19, 2013, 02:37:41 PM https://i.imgur.com/Mj5022V.png
What happened after the $1 barrier was crossed? Bitcoin went up 3300%. That bubble was likely to be caused by BTCS&T, but I don't think the rally up to $5 was a bubble. if history is an indicator, we'd see continued rises to $75, another strong psychological barrier at $100, and assuming we break through that we'd see rapid price rises (~$300-$500). After so many barriers were broken down, the coins from the weak hands would have moved to stronger hands and we'd see much less resistance. There's no doubt that many people will be cashing out their profits, but bitcoin will get far more media attention and the demand will far outstrip the supply. So, really the sky is the limit, if we break $100. When that bubble bursts, expect $80 bitcoins, not single digits. Title: Re: The $1 barrier, the $50 barrier, and a >$300 peak. Post by: notme on March 19, 2013, 05:53:00 PM https://i.imgur.com/Mj5022V.png What happened after the $1 barrier was crossed? Bitcoin went up 3300%. That bubble was likely to be caused by BTCS&T, but I don't think the rally up to $5 was a bubble. if history is an indicator, we'd see continued rises to $75, another strong psychological barrier at $100, and assuming we break through that we'd see rapid price rises (~$300-$500). After so many barriers were broken down, the coins from the weak hands would have moved to stronger hands and we'd see much less resistance. There's no doubt that many people will be cashing out their profits, but bitcoin will get far more media attention and the demand will far outstrip the supply. So, really the sky is the limit, if we break $100. When that bubble bursts, expect $80 bitcoins, not single digits. The first post regarding the starting up of BTCS&T was on November 3rd 2011[1]. It couldn't possibly have had anything to do with the bubble and subsequent collapse that happened completely before that date. Try again. 1. https://bitcointalk.org/index.php?topic=50822.0 Title: Re: The $1 barrier, the $50 barrier, and a >$300 peak. Post by: alan2here on March 19, 2013, 06:14:49 PM Nice thread, I agree that there is not a "bubble", I'm getting board of that word.
I'd love to see more fluctuation though with the upwards trend, I'm getting board of only ever holding all the time. Title: Re: The $1 barrier, the $50 barrier, and a >$300 peak. Post by: smoothie on March 20, 2013, 12:17:27 AM Wow so Pirate even had an affect on prices before he started his BTCS&T lol :D
Title: Re: The $1 barrier, the $50 barrier, and a >$300 peak. Post by: 🏰 TradeFortress 🏰 on March 20, 2013, 04:51:45 AM Wow so Pirate even had an affect on prices before he started his BTCS&T lol :D Look at our rally, that must mean pirate is coming back with another ponzi! |
