Bitcoin Forum

 :D

I wanted to vote, "I'm a bear, please take my coins," but that would be a lie.

I voted no.  Smoothie, I'll give you a BTC if it does.

Can I have one too?

why not?

I'm out.

Witnessed. I will hold you to it.

 :D

Okay bulls, time to rocket up!  ;D

Put your money where your mouth is?  :D

Haven't drawn up my latest trend lines so was a bit of a guess, but said YES we will

I voted no because i aim for a larger timeframe - like 20 days.

now that i';m back in the market, it will probly nosedive down to $50.  how many million dollars will it take to get to $100/Btc?

At this moment.. 3

https://i.imgur.com/s8yh1cH.png

Voted no. Short term bear, long term bull.

I voted yes. However, I'm more bearish than proudhon - but it needs one more new high to complete the pattern off the 9.77 low prior to crashing. Another week, 2 weeks max -> then panic.

So what are we talking, in your estimation? It breaks up slightly past $100 (maybe $103? $105?) and crashes down to..what? $10? Less?

I have no idea how high the price is going to go before the whole house of cards comes crashing down, but there is no way this growth is sustainable. I think we will see singles again buy the end of summer.

Wanna make out?

Singles? Seriously? I'd call that a major fail. Barring something spectacularly bad, it's hard to imagine another crash on the scale of 2011. Bitcoin, while still very raw, has a far more matured economy/ecosystem compared with those heady early days.

And I have no personal objections to bearish opinions. They may very well be proven right, at least in the short term. A crash to $20-$40 is possible, but there seems to be very strong support even above that right now. Geesh, the flash crashes caused by a hard fork and sustained DDoS attacks have rebounded almost immediately!

If the bears are proven right, I know I'll be buying like crazy, unless a major flaw in Bitcoin has been unearthed.

Are you serious?

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=5&i=&c=1&s=2013-03-29&e=2013-03-29&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

The price dropped almost $20 in 2 hours....that's around 1/5 of the price gone in 2 hours with no major event....a crash down to singles is not only possible, but probable. The question is when.

Yes. Yes I do.

Gox getting DDoS'd isn't that minor of an event.

Barring major fail in Bitcoin protocol I'd practically be selling my body and soul to buy more BTC at $10*, so no single digit dollar prices likely. Not impossible, but highly unlikely. A drop to $50 or $60 may be somewhat likely, but even then, I don't know how long that would last.

* I did get in at about $11 or so but I should've gotten in harder, obviously. :)

+1

+1 bears kissing. Revolting, yet satisfying.

Considering how satisfying it has been, everybody should've gotten in harder, obviously. :)

Oh, there are definitely plenty of people waiting in the wings to buy at lower prices, but the price can only be propped up for so long. Eventually people run out of faith and money; once investor confidence drops, the whole house of cards comes down. The fact that a DDOS attack on a single exchange crashed the price almost 20% shows how shaky investor confidence already is.

What if I offer you a counter bet? 1 for 1?

Hahahahaha!

get a room. we'll never see single digits again. In the big picture Bitcoin is still a baby and its just going to keep climbing as more people jump aboard/adopt. Also the increasing rate of BTC that get tied up in limbo is making Bitcoins even more scarce adding to this massive deflation that will continue until we reach the >$1000s/BTC.

Barring hiccoughs along the way and major-fail situations, of course.

The bullish way to think is that, as you say, demand is vastly outstripping the minting of fresh 'coin. Thus the price can only go up. If serious (hedge-fund, billionaires') money flows in, price must go up some moooooar, big time.

But asks can appear on the exchanges out of nowhere, like bears creeping out of dark forest. It takes a lot of demand and a serious scarcity of 'coin on the market to keep the price rising up there. A small holder like myself is not tempted to open my cold wallet and unload the precious few BTC it contained for a measly $90 each, probably not even $900. But in the $300-$500 range, say, it is quite possible that some hitherto unseen hoards will come out into the open, and the ask/bid balance will tilt, possibly starting a bear market. By no means does that imply dropping back to $10 or anything crazy, but maybe, say, a rise to $400 then a quiet "pop!" of the "bubble" and a gradual descent back to about $150-$200 before the rocket refuels for the next launch. :) If only we knew exactly where these peaks and troughs would be, we could get rich baby!