Bitcoin Forum

Legitimately, this tHis set us back 2 days. I think the schedule to hit it on the 15th needs to be adjusted. The 17th seems more accurate. What do you think?

I think round about 2015-2016, what do you say?
 ;D

Right on the mark. I estimate the same, with 2015 sounding a tad early. My guess would be 2016, but we basically agree. Edit and remove the smiley. :)

With a lot of people still trying to get approved at MtGox and spend money, we could still see $300 this month. And $1k+ by 2014-2015.

Sure hope you held off on investing your friends money before the sell off.

13th

It hasnt wired in yet. If it had, i would have bought at $110 like i did with my own money. If i had the balls, that is.

These discussion forums are strange. Each discussion consists of 30% sensible and thoughtful postings, interleaved with 70% idiot postings. I am getting used to this, but I still have to waste a few seconds on each idiot posting to recognize and ignore it.

Have the idiots still not lost all their money and disappeared? Many have, but new ones are always streaming in.

Where do you think your profits come in from? Be kind to idiots, they feed you. Besides, it's pretty easy to become one of them if you are on the wrong side of the fence. So sit on both sides.

So true!

But it would be nice if they stopped posting.

Yeah, rich wouldn't get rich if it were not for the mass being stupid. So be kind to stupid people, they are the reason you have chance to get rich!

I agree with you completely!  these idiots are wasting my time and have the worst profile pics........................ congratulations!!! you earn your self the ignore button!!!! hooorayy I never have to look at that f&#$ picture anymore or hear you say slbnosnosa nxckvnosa oeisj bla bla bla

end of the month two weeks if not sooner.  ;D

I'm thinking there will be a fair bit of activity tonight , and most likely positive since the mt.gox announcement...  perhaps 300 tonight ;D

You people obviously have no idea how asset valuation works. If people believed the price would be 300 in a few days, it would be 300 now. The current price is the best reflection of its future value.

+1

+$5000/BTC

+2 Obviously the big bulls on here who say $300 in T+2 have had little or no experience in real trading or valuation, all they see is (the rose-tinted view of) the bitcoin story. Dudes, listen up y'all, there is a fair price for all assets no matter how revolutionary, and absent further information and a crystal ball, that is usually the current market price.

Cheers

I still say we will be above $250 by the end of the month.

My call was $440 by the end of the month so we will see how I do on that call.  :D :D :D

I see a price rise next week due to the large amount of money that is currently on its way to exchanges after the price fall last night, people want to buy in at these low prices and that will push the price back up.

I would say 40% of it is deceptive, e.g. I'll tell everyone I'm holding BTC so they won't panic sell and I can get a better price for mine

however I also suspect that the vast majorty know very little about trading apart from what they might have read in an afternoon at babypips

From one angle you are perfectly right. But from another, some people have been able to predict future price movements correctly.

A simple example was the bubble. As the price went above $200, some people correctly said, this is a speculative price bubble, which will burst soon, and the price will subsequently sink below $200. In the event it went down almost to $100, followed by a bull trap, and some people predict that more bull traps will follow.

This is not only an asset valuation issue. It is also a psychological issue. And it is sometimes possible to foresee other factors influencing the price.

To put it in other words, if everybody believed the price should be $300, it would be $300 now, as you say. However, if some people believe it should be $300, while others believe it should be $20, then things are getting more complicated. It may take some time before one group realizes they were wrong and come round to the other valuation.

Has anyone considered that 20,000 new accounts waiting to be verified may be 20,000 people with BTC they want to sell and withdraw the fiat from?

wondering why this people didn't save us during the last crash

This market is growing, but also maturing very quickly.

If MTGox has 20000 new accounts set up every day - there is no doubt why the price is going nuts every day recently.  However, the price rise still has to be sustainable, and 5% a day isn't!

1%-2% is manageable, but what other universe have you got value increases of that sort of magnitude, and people saying its normal? ;)

these are my thoughts exactly, everyone has been holding off for this opportunity and there not about to miss out.

The run isn't over.  We will hit 300 in less then 60 days.

Hear me now believe me later.

Cheers

it's easy to call things like that but without knowing their actual position and the amount at stake it is all meaningless.

Personally I wouldn't truthfully divulge when I am in and out especially if I had a significant amount at stake.

I'm not sure exactly where price should be but I have a feeling it is lower than the current price of ~ $170 and for that reason I am totally out of the market for now. Picking tops and bottoms is not something I would try ever, especially in a market like this

no doubt a lot of late comers are waiting for price to rise high enough until they are breakeven....BULLTRAP

Why not? If you had any credibility, you would post your own honest position and encourage others to follow suit. The only reason you wouldn't be honest about your positions is if you were lying in a feeble attempt to manipulate the market. Congratulations, you're the first person I've ever put on my Ignore list.

My position: Liquidated most of my BTC holdings at $240, and placed a market buy order with the proceeds when it broke under $170. It ended up getting filled at $130+. :)

No, I don't think people are considering that, but that's what's being reflected in the charts right now.  We're seeing what we used to call "the orderbook flipping", which is to say that the asks are aggressively piling up while the bids thin way out.  It looks like a ton of money took a hike.  A week from now things are going to look very dismal (if you can't see it already) for prospects of going over $200 for a very, very long time.  It would now take over $6m to get back to the all time high, which is about as much as left the bids side over the past 48 hours.  Some of that $6m was just cashed out and won't be coming back.  Another good chunk of it was already spent in the bouncing around of the past 12 hours.  New all time highs are completely out of the question.

http://i50.tinypic.com/2jecvpt.png

You had me a little worried until I saw your name, proudhon

Remarkably everyone here can pick perfect tops and bottoms

I'm adding him to my ignore too. This "I won't tell anyone" post is retarded. No reason to read anything more from that person.

don't worry the invest funds will ride in to save us

I pity the fool that comes to the speculation forum to gauge sentiment

not true, if the people in this forum think is worth that much then go out and buy it would raise the price like a whole dollar? what if we think it will hit 300 but only have so much to spend or nothing. but the Chinese and the hundred million billionaire in the WORLD think its going to be three hundred then as soo as there gox account is verified or there coinbase is verified than they will buy. this is not instant soup bro ...haha cup-o-noodles Just Add Hot Water, this takes time and with every new cust account verified it will rise.

the more i think about this the dumber it sounds.....hey everyone lets all believe its going to be worth a billion dollers by the end of the month. believe all ya want its not going to happen. mr top rammen.

he didn't specify what people so you can probably assume he means the average bitcoin investor and an average price

Totally agree !

$1k+ before 2014 !

next week for sure.. lol never sold out on the panic sell.. even bought some extra :)  as max Keizer apparently also did
 ;D

BUY NOW BEFORE ITS TOO LATE!!!! THE VERIFICATION QUEUE SAYS 18.000

max keiser is your lord, your jesus oh your saviour?

Yes, bizarreness is at least 70% of this speculation forum. The ratio seems to change and correlate with market price. It's a contrarian indicator.

300$ by 15th april is still strong

this bullshit is not stopping

I agree. Even the possibility of a brief bull trap spike above the highest value is now unlikely and is becoming even less likely by the minute.

What do you think about the volume? When the bubble burst, the total volume that changed hands was roughly half a million bitcoins. I have not checked the volume since then, but the question comes to mind, where are the other bitcoins?

I guess that a good fraction of the rest will move when the slighly less dumb newbie speculators recognize that the price keeps going down and sell their stash to the even dumber ones, and perhaps that is already the explanation. But I'd still be interested in your opinion.

Yes, quite possible. It could also be a mixture of stupidity and deception though, so 30% sensible information, 30% pure stupidity, and 40% stupidity mixed with an attempt to make others follow on the flight into the ground.

After the first bubble in 2011 many of the obviously stupid posters disappeared for good. Perhaps the same will happen here too.

What I never see is that those who posted their weird predictions now come back and say, "OK, I was wrong. Where was my mistake? How come you saw the future correctly, while I didn't?" Apparently these people are not really interested in learning. I guess they lose all their "investment", then they disappear and look for another place where they can do other stupid things. :)

is that really a pic of you in your avatar?