Bitcoin Forum

Economy => Speculation => Topic started by: massivebitman on April 23, 2013, 03:03:24 PM



Title: How long to break through 150
Post by: massivebitman on April 23, 2013, 03:03:24 PM
I honestly believe this news is a game changer.

http://www.reuters.com/video/2013/04/23/an-exclusive-peek-into-the-worlds-bigges?videoId=242413486&videoChannel=5

Up to 19Mil net in a day, that's got to be a bull market waiting to happen.

Could it happen today?


Title: Re: How long to break through 150
Post by: massivebitman on April 23, 2013, 03:05:42 PM
I reckon that wall will come down too..

It's such a flat run up if it does. We saw 130 collapse in a matter of minutes, that relatively speaking was a similar height


Title: Re: How long to break through 150
Post by: mp420 on April 23, 2013, 03:40:44 PM
I honestly believe this news is a game changer.

http://www.reuters.com/video/2013/04/23/an-exclusive-peek-into-the-worlds-bigges?videoId=242413486&videoChannel=5

Up to 19Mil net in a day, that's got to be a bull market waiting to happen.

Could it happen today?

No idea. The price might just touch $150 but it's coming down. There's only so much dumb money in the western world. Current price is not sustainable at all.


Title: Re: How long to break through 150
Post by: Hawker on April 23, 2013, 04:25:01 PM
I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.


Title: Re: How long to break through 150
Post by: notme on April 23, 2013, 05:06:49 PM
I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

Strong emotions.


Title: Re: How long to break through 150
Post by: UltimateReaper on April 23, 2013, 05:12:35 PM
I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 :P

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.


Title: Re: How long to break through 150
Post by: bonker on April 23, 2013, 05:16:00 PM
Within two weeks. Peoples brains are slow to realize how physically useful BTC will be.

BTC is presently early stage insanely undervalued. $1000 = 1BTC this year.


Title: Re: How long to break through 150
Post by: XXthetimeisnowXX on April 23, 2013, 05:23:19 PM
I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 :P

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.
 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room.  :D


Title: Re: How long to break through 150
Post by: w00t on April 23, 2013, 05:24:23 PM
Within two weeks. Peoples brains are slow to realize how physically useful BTC will be.

BTC is presently early stage insanely undervalued. $1000 = 1BTC this year.


This ^

I guess we will get at 1 BTC per 150 USD on 4th May 2013

Or maybe sooner :) based on the Reuters video above.


Title: Re: How long to break through 150
Post by: notme on April 23, 2013, 05:27:21 PM
I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 :P

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.
 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room.  :D

I don't think he sold out... just took some profits:
Quote
I'm going to cash out at a nice chunk of gain

Nothing wrong with lowering your exposure when your bitcoins become more valuable than anything else you own :P.

If he did sell out completely, that's unfortunate.


Title: Re: How long to break through 150
Post by: awakening on April 23, 2013, 05:29:08 PM
If he did sell out completely, that's unfortunate.

Yeah, It's a big mistake if you have faith into the bitcoins. I had to learn the hardway..  ;D


Title: Re: How long to break through 150
Post by: w00t on April 23, 2013, 05:29:13 PM
I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 :P

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.
 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room.  :D

Yeah he might end up like this:
http://en.wikipedia.org/wiki/Roy_Raymond_%28businessman%29 (http://en.wikipedia.org/wiki/Roy_Raymond_%28businessman%29)


Title: Re: How long to break through 150
Post by: UltimateReaper on April 23, 2013, 05:44:30 PM
I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 :P

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.
 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room.  :D

I wish I had a cat. No. I'm watching market. Everyday. I've already learned some lessons. By cashing out at a profit now, I'm looking at a roughly 75% return. Not bad for a complete amateur. I'm in this for the long run, and I'm looking for annual return rates of at least 10%. This is reasonable, and as my investment amount increases, so does that annual 10%. Greed is the bane of loss. If I see the market growing sustainably to 1000. I'll reinvest at higher prices, but for now it's far too early tell. Especially with the dramatic increases.


Title: Re: How long to break through 150
Post by: Miz4r on April 23, 2013, 05:47:11 PM
I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 :P

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

Isn't selling an indication of greed? If you hold without thinking about selling any time soon then that means you have confidence in bitcoin and you don't worry about short term losses or gains. In other words, you aren't greedy nor fearful. :)


Title: Re: How long to break through 150
Post by: UltimateReaper on April 23, 2013, 05:53:03 PM
I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 :P

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.

Isn't selling an indication of greed? If you hold without thinking about selling any time soon then that means you have confidence in bitcoin and you don't worry about short term losses or gains. In other words, you aren't greedy nor fearful. :)

Well, it can go both ways right? By holding and hoping for larger and larger gains that can be considered greedy. In retrospect, earning gains can also be a sign of confidence. Ergo, this isn't cash in and cash out for me, it's continuous returns over a long long period of time. Right now I'm attempting annual returns of 10-30% per month. Not 4058873% per week.

I believe in bitcoin. I'm in this for the long run, but in order to truly rally for my belief I need more fiat, and the only way to do that is to increase my supply so I can invest more. By selling now I insure this. I'll hold onto a little of course, but this is my philosophy for now.


Title: Re: How long to break through 150
Post by: Qoheleth on April 23, 2013, 06:38:18 PM
My read is that if it doesn't happen in the next week, it won't happen in the next month either. But then, I've never been very good at this game.

I reckon that wall will come down too..

It's such a flat run up if it does. We saw 130 collapse in a matter of minutes, that relatively speaking was a similar height
When walls were knocked down on the way up to $230, new ones were generally put up right away. No reason to think it won't be the same this time.


Title: Re: How long to break through 150
Post by: arepo on April 23, 2013, 06:42:00 PM
My read is that if it doesn't happen in the next week, it'll be at least a month. But then, I've never been very good at this game.

+1

we've got a beautiful bullish triangle formation right now though, so i'm leaning towards 'within a week'  8)


Title: Re: How long to break through 150
Post by: superduh on April 23, 2013, 06:54:24 PM
by the weekend


Title: Re: How long to break through 150
Post by: bitcon on April 23, 2013, 08:47:59 PM
I'm still a total noob, but greed often leads to loss. I'm going to cash out at a nice chunk of gain for now. Not waiting for 150, or 200, 2000, 5000 :P

Buy low, sell high. It can't be more complicated than that. When others are greedy be fearful, when others are fearful, be greedy.
 

and when it does go to 200 or 2000 you wll be doing the math every day that it goes up and saying damnit damnit damnit. i lost xxxxx.xx amount of money. haha that to funny when you see it top 1,000 you are going to probably throw your cat across the room.  :D

I wish I had a cat. No. I'm watching market. Everyday. I've already learned some lessons. By cashing out at a profit now, I'm looking at a roughly 75% return. Not bad for a complete amateur. I'm in this for the long run, and I'm looking for annual return rates of at least 10%. This is reasonable, and as my investment amount increases, so does that annual 10%. Greed is the bane of loss. If I see the market growing sustainably to 1000. I'll reinvest at higher prices, but for now it's far too early tell. Especially with the dramatic increases.

good to see somone who will be willing to buy $1000 bitcoins.


Title: Re: How long to break through 150
Post by: jubalix on April 24, 2013, 02:59:08 AM
did i hear right he think 1000, to 20/30K....in a year???


Title: Re: How long to break through 150
Post by: Le Happy Merchant on April 24, 2013, 03:59:16 AM
did i hear right he think 1000, to 20/30K....in a year???

No, but it sounded like that. In context it is clear he meant $20 to $30.


Title: Re: How long to break through 150
Post by: Rampion on April 24, 2013, 08:32:10 AM
I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.


Title: Re: How long to break through 150
Post by: Zaih on April 24, 2013, 08:46:18 AM
Pretty soon I guess.

Bloody Bitcoins. Just can't stay still can they  ::)


Title: Re: How long to break through 150
Post by: Hawker on April 24, 2013, 08:55:28 AM
I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.

Actually I am holding out for cloning to keep me on life support until the ability to upload myself to the cloud and live forever as part of the Singularity.

:P


Title: Re: How long to break through 150
Post by: massivebitman on April 24, 2013, 08:56:25 AM
I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.

I might unload then too.. I plan on living forever!


Title: Re: How long to break through 150
Post by: massivebitman on April 24, 2013, 08:57:17 AM
I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.

Actually I am holding out for cloning to keep me on life support until the ability to upload myself to the cloud and live forever as part of the Singularity.

:P

Money won't be of much use once we reach the singularity.



Title: Re: How long to break through 150
Post by: Hawker on April 24, 2013, 09:02:01 AM
I'm mystified as to how the value of bitcoin fluctuates so wildly.  We know there is a strong underlying case for Bitcoin in certain markets so it will always have use.  We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.  What baffles me is how it can increase and decrease in multitudes of its own price several times a month.

You have 2800 posts and know nothing about bitcoin?

When we get to 21 million you will be dead, so if you wait to "unload your investment" by then you will be the richest in the cemetery. We will get to 21 million in 2140.

Actually I am holding out for cloning to keep me on life support until the ability to upload myself to the cloud and live forever as part of the Singularity.

:P

Money won't be of much use once we reach the singularity.



OK.  Then back on topic - I think we will hit $150 sometime today.


Title: Re: How long to break through 150
Post by: Buffer Overflow on April 24, 2013, 09:07:45 AM
We know that prices will shoot up when we get to 21 million as the supply will have disappeared.  At that point I expect a stable price and will probably unload my investment.

 :D You'll be long gone by then. Your great grandchildren may see it though.


Title: Re: How long to break through 150
Post by: phorensic on April 24, 2013, 09:30:16 AM
Broken, before the poll even closes, lol.


Title: Re: How long to break through 150
Post by: BillboTor on April 24, 2013, 09:31:48 AM
http://cdn.memegenerator.net/instances/400x/20095427.jpg


Title: Re: How long to break through 150
Post by: Zaih on April 24, 2013, 09:34:02 AM
Got 'em


Title: Re: How long to break through 150
Post by: lebing on April 24, 2013, 09:38:09 AM

i lol'd


Title: Re: How long to break through 150
Post by: Ares on April 24, 2013, 09:53:08 AM
https://i.imgur.com/7COX6.gif


Title: Re: How long to break through 150
Post by: dave111223 on April 24, 2013, 10:01:56 AM
Better edit the topic title to 250


Title: Re: How long to break through 150
Post by: ruski on April 24, 2013, 10:11:39 AM
Better edit the topic title to 250

My 0-4 hrs vote would still stand.

Bitcoin, how I love thee. 8)


Title: Re: How long to break through 150
Post by: Fuyuki_Wataru on April 24, 2013, 10:16:38 AM
Unfortunately MtGox will be DDOS'd, and the price will go back to 100'ish. This is what has happened the entire couple week(s) now. I doubt it will go to 150 this month, maybe next month. Or if there is no attack on the biggest exchange.




Title: Re: How long to break through 150
Post by: Mouser on April 24, 2013, 10:27:58 AM
155.00 and doin' fine.


Title: Re: How long to break through 150
Post by: demzie on April 24, 2013, 10:40:18 AM
155.00 and doin' fine.

+100 ;)


Title: Re: How long to break through 150
Post by: Notanon on April 24, 2013, 10:49:37 AM
Unfortunately MtGox will be DDOS'd, and the price will go back to 100'ish. This is what has happened the entire couple week(s) now. I doubt it will go to 150 this month, maybe next month. Or if there is no attack on the biggest exchange.




Or more exchanges come online to give Mt.Gox a bit more competition.


Title: Re: How long to break through 150
Post by: ruski on April 24, 2013, 11:37:29 AM
Unfortunately MtGox will be DDOS'd, and the price will go back to 100'ish. This is what has happened the entire couple week(s) now. I doubt it will go to 150 this month, maybe next month. Or if there is no attack on the biggest exchange.




Or more exchanges come online to give Mt.Gox a bit more competition.

Funnily enough, all of Gox's competition seems to be ending up closed due to hacks, "hacks", regulatory problems or bankruptcy.

I'm just sayin'....


Title: Re: How long to break through 150
Post by: awakening on April 24, 2013, 11:40:04 AM
Shit, I thought It wouldn't stay at 150s.. Hope It doesn't go much higher.  ;D I'm not buying for anything more than 125$, even if I sold at high fortys.


Title: Re: How long to break through 150
Post by: XXthetimeisnowXX on April 24, 2013, 12:31:00 PM
bout to double down on this bitch!!! ill buy more cuz i think its gunna rocket even more. we are just at ignition we still gotta rocket throw the stratosphere and out of the atmosphere. yaaa....ok not double but ill buy a few more  ;)


Title: Re: How long to break through 150
Post by: jubalix on April 24, 2013, 01:29:04 PM
bout to double down on this bitch!!! ill buy more cuz i think its gunna rocket even more. we are just at ignition we still gotta rocket throw the stratosphere and out of the atmosphere. yaaa....ok not double but ill buy a few more  ;)

a rational analysis of the highest calibre if ever I read one. You Sir are our future hope and light.


Title: Re: How long to break through 150
Post by: arepo on April 24, 2013, 01:57:34 PM
bout to double down on this bitch!!! ill buy more cuz i think its gunna rocket even more. we are just at ignition we still gotta rocket throw the stratosphere and out of the atmosphere. yaaa....ok not double but ill buy a few more  ;)

a rational analysis of the highest calibre if ever I read one. You Sir are our future hope and light.

indeed.

you should post more of your work. your rocket engine analysis is extremely rigorous.


Title: Re: How long to break through 150
Post by: Liquid on April 24, 2013, 02:11:17 PM
$160 ppl  :D


Title: Re: How long to break through 150
Post by: anexsia on April 24, 2013, 02:39:14 PM
Unfortunately MtGox will be DDOS'd, and the price will go back to 100'ish. This is what has happened the entire couple week(s) now. I doubt it will go to 150 this month, maybe next month. Or if there is no attack on the biggest exchange.




Or more exchanges come online to give Mt.Gox a bit more competition.

Funnily enough, all of Gox's competition seems to be ending up closed due to hacks, "hacks", regulatory problems or bankruptcy.

I'm just sayin'....

Good point, I'm okay with having my money or bitcoins in Mt. Gox because it seems like other exchanges get "hacked" all of the time and a majority of their users never recover their funds or bitcoins. I really hate when Mt. Gox gets DDOS'd BUT I still trust them more then the other exchanges.