Bitcoin Forum

Done.

We should have a wall of fame for these kind of statements.

In 6 months, bitcoin will be more than 500.

That's not very bold. Get out!

lol no. 100 will not be tested, not in 2 weeks not in 5 years.

120 support will reappear, once all you bulls are done being bearish  :P

Bitcoin will be worth over $10,000 by the end of 2016.

It's gonna be bitcoin for sure. It cannot be stopped anymore, no way. I think it will reach $1M (per BTC) before Christmas this year, but the long-term value is not so high.

If you want to make 30x your initial investment, buy bitcoins, and do not trade or sell them. I believe by October 31st, this year, you have it.

I consider that $95-$99 range is irresistible. But afterwards we are going higher. Long term, about 15% weekly increase is sustainable and it will carry us to $10,000+ coin before christmas.

I have always prompted people to read my diary first, before daytrading (if any). Since bitcoin is going to $300k in the long run (and higher in the short), it does not make so much sense to fish the bottom unless you do it full time with an organization primed for the task (a supernode).

Just buy and hold. Buying bitcoins at any price sub-100k is not as large a mistake, as it would be to be left out of a supermove, such as the ones in the period between 8/2010-6/2011 and the one started in January 2013.

Not only was 100 USD "tested" but I bought at 92 USD on MTGox less than 48 hours after this post. PS: I am a long term bull on BTC.

A short sample. Hope springs eternal  :D

... I simply wouldn't have made the wager unless I knew exactly what the outcome would be.

Single digits within a year.

The ATH will not be tested before that point.

Nailed it.

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=60&i=Hourly&c=1&s=2012-08-01&e=2012-08-30&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&

I also wanted to see one of these threads. Put your favorite quotes of bold predictions in this thread. Some details about the price at the time would be helpful.

Here is a quote from reptilia after price ran up to 145 then back down to 90 in the span of a week.

By 2019 Bitcoin will be the only currency used by all intelligent civilizations across the universe.

Why bitcoin not litecon, namecoin, feathercoin, terracoin, or any other coin ???

Because they all suck
(the aliens' opinion, not mine)

...
But its same technology like bitcoin ? so why not use them insted they are chepper. If you can have coca-cola for 90$ and pepsi for 3$ what you will choose ? :)

http://en.m.wikipedia.org/wiki/Network_effect

In the last few days, the price went from $55 to $165, almost tripling in value.
From there, going to $500 in six months isn't very farfetch.

If nothing goes wrong with bitcoin, you may well be right in the long run.

But for the speculator the question is a different one: Where is the price going in the short term?

For the next months the answer is generally: down. The price will fluctuate up and down, but overall it will go down, perhaps to $20, perhaps lower.

By the way, the price just went down to $90.

Yes but you're cherry picking the start and end points. Not only that but you're extrapolating that really quite unusual line to twice its length assuming we're looking at a log chart. Either use closing or weighted prices, ie. prices you were likely to have been able to buy at.

It's actually pretty simple. Basis Elliott Wave knowledge is sufficient to understand the BTC market.

Wave C will go down to where the "bubble" started. OK maybe not the full way ($10), but something like $20 or $25.

http://s1.directupload.net/images/130503/n3jmeej5.png

I have a background in trading speculative stocks, and I can tell you that this kind of speculative price explosion usually collapses back to nearly nothing eventually (thanks Timothy Sykes).

However, I have my own reasons for believing that bitcoins won't collapse, and may in fact reach the astronomical values people are dreaming about. I'm keeping those reasons to myself for now until I get a chance to gather more bitcoins.

$1000/bitcoin won't make me filthy rich, but I might be rich enough to quit my day job and devote the rest of my life to ministry, raising my kids (and maybe foster kids?), and developing bitcoin-powered websites.

I'm going to step out on a limb and make some predictions about bitcoin price increases:

1) A lot of kids with graphics cards are going to get a LOT of spending money just because they saved the few bitcoins they mined after reading about it in a forum somewhere
2) The term "bitcoin billionaire" is going to become somewhat commonplace, and will refer to someone who became a billionaire through bitcoin investment.
3) The world's first trillionaire (by USD valuation) will be one of the first big investors in bitcoins.
4) This will all happen WITHOUT the collapse of the US dollar, and without bitcoins becoming a commonplace way to pay at the grocery store.

I guess we'll see if I'm right.

Note for posterity: current bitcoin price is in the $5-$6 range after a big run-up.

the price ran up $10 yesterday. today its down $10 and back where it started

this is a non-event. stop wasting everyones time just cause you bought higher yesterday and now are scared

This guy comes as close as I've seen recently to calling SD.

FWIW $80 was the low for a long-time, maybe forever. 

$115 is Fair Value for Bitcoin NOW.

sqrt (Peak $266 / Low $50)  = 2.31

sqrt (Retrace peak $166.4 / Retrace low $79) = 1.45

$266 / 2.31 = $115.2
$166 / 1.45 = $114.5
  $79 * 1.45 = $114.5
  $50 * 2.31 = $115.2

Expect Bitcoin fx rate to oscillate with a median value of $115 for some time, at least until next major news-fed feeding frenzy!

I think we can all agree that we have no idea what BTC will be worth in the future. But we're still here because we believe in it. But it just makes me angry when so-called experts on this forum write shit and sound so sure about it, it looks like they know something nobody else knows. I think alot of people can be influenced by these people and lose money. Because, to be honest, i've seen that these "experts" have been wrong MORE than 50% of the time. You could make more money flipping a coin to make decisions than to listen to these people.

Bitcoin will be worth over $10,000 by the end of 2016.

But its same technology like bitcoin ? so why not use them insted they are chepper. If you can have coca-cola for 90$ and pepsi for 3$ what you will choose ? :)

No.  ;)

My guess is $100 in less than 5 hours.

Edit:
Because magic!
https://i.imgur.com/z7CZWHc.png

I have a bold prediction.

We will not see 1 btc for $70 again.

C'mon! That's not even remotely bold!

1 Satoshi will be on par with the Dollar by the end of the decade.

Any hard predictions in the "next hour" span are generally pretty bold.  long term trends on bitcoin are pretty easy "it's gonna go up"  midterm ones, well, they can be trickier, short term it is pretty difficult to guage, barring something obvious like giant fake bidwalls.

C'mon! That's not even remotely bold!

Btw, this is the last day when we see $95 EVER, you can quote me on that.

I think the recent price correction was appropriate, it wasn’t just an irrational sell-off. I wouldn’t be surprised if prices declined into the $50-75 range over the next month or so. That being said, long term I expect stable prices even higher than the $266 peak, but I won’t speculate as to exactly how high they will go.

heres my "bold" prediction.  we will not fall below $100/btc in june.

http://www.quickmeme.com/meme/3uacdn/ (http://www.quickmeme.com/meme/3uacdn/)

I predict that a year from now the bitcoin price will be in the single digits.  I just want to enshrine this prediction in its own thread.  I hope somebody remembers to dig this up a year from now.  In the meantime I hope to take advantage of the next bitcoin bubble.  May the odds be ever in my favor.

Choo Choo, mother fucker

It's here!

http://www.standard.co.uk/incoming/article8434554.ece/ALTERNATES/w620/New+Year+parade

with selling pressure severely depressed due the mass delusion of a bitcoin depression on the horizon. the rally will cut through all resistance points like a hot knife cutting through soft butter.

180 with 12days

 8)

How many people you know, who bought a mobile phone, but went back to fixed line?

How many tried Internet but decided it's not for them?

If something happens in the world, would the news not reach the uttermost ends of the earth in latest 48 hours (if not instantly for most places)?

What keeps 1 billion people from adopting bitcoin? (How can you keep them from not adopting it?)

How many bitcoins are for sale?

To not believe in $300k this year is a denial of the facts. Only a technical flaw in the algorithm or a superstealthfast adoption of a superior altcoin currently not existing, or an all-out wiping away of all mankind can keep USD/BTC from exploding this year. Already everyone who has any position in this world knows about Bitcoin. Just post any nugget of actual facts that can contradict my $300k this year or cease replying to me with nothing material, thank you.

How is it possible that you forgot to include in the wall of fame the $300k per BTC in 2013 by our favorite poster?

Ummm, I kinda did in post 11 :P    In fact it's going to go higher in the short term so hoping to sell high and buy low at 300k/btc :D

No, in your quote it says "$300k in the long run", when the bold prediction is $300k this year, plus the people not believing this "is in denial of facts".

Pretty bold (and delusional) :D

Pretty bold (and delusional) :D

Pretty bold (and delusional) :D

Some say it's better to be bold than smooth ;)

Perhaps it is good to just postpone it: Yes, we will reach $300 by 2016, for sure it will happen. If it happens in early/mid 2014 (which I personally believe), it will easily go to $1000 as a bubble.

Don't you know how many Localbitcoins.com merchants there is? How long does it take to get the Bitcoin Dealer Network Association formed, if it is even necessary. The tear days in March saw 1 million USD invested into bitcoin effect a $10 million rise in market cap. (And the contrary, my sales of $230,000 took 200 million away of the marketcap in May 5-7).

I am currently minding my own business and analysing the great bitcoin bubbles of 2010, because the end game will be like that: UP 10x, down 25%, UP 8x, down 20%, UP 6x, down 15%, UP 12x, down 60%, down 80%. No way the stability returns once we get out of the .1-.12 area...

I and my friend both called the 10->300->120->"1-6mo consolidation" already last year. The fact that it's played out exactly as scripted does not make me any less eager to see some action.

I am 26 years old. So, you're saying I should withdraw my retirement account, life savings, sell my car and invest in Bitcoin? Just how sure are you??  :)

Perhaps it is good to just postpone it: Yes, we will reach $300 by 2016, for sure it will happen. If it happens in early/mid 2014 (which I personally believe), it will easily go to $1000 as a bubble.

Don't you know how many Localbitcoins.com merchants there is? How long does it take to get the Bitcoin Dealer Network Association formed, if it is even necessary. The tear days in March saw 1 million USD invested into bitcoin effect a $10 million rise in market cap. (And the contrary, my sales of $230,000 took 200 million away of the marketcap in May 5-7).

I am currently minding my own business and analysing the great bitcoin bubbles of 2010, because the end game will be like that: UP 10x, down 25%, UP 8x, down 20%, UP 6x, down 15%, UP 12x, down 60%, down 80%. No way the stability returns once we get out of the .1-.12 area...

I and my friend both called the 10->300->120->"1-6mo consolidation" already last year. The fact that it's played out exactly as scripted does not make me any less eager to see some action.

To not believe in $300k this year is a denial of the facts.

Keep the car, if you need it. Your ret. account and life savings will be not worth much, perhaps buy some silver with it. I don't have cash, or house but do have 2 cars, 10,000+ oz silver, some kilo gold and quite many bitcoins. Want to buy some silver?? ;)

Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant  ;)

All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money.

Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day ;) After 7 days of not investing, don't invest the rest.

BTC will drop below 99 June 14, below 88 by June 18 and below 50 in less than 2 weeks.

I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool!

I think you have picked around the right amount depending on your near and long-term goals. However you need to space the dollar cost averaging out a lot more than every day. I wouldn't want to put more than 10-20% of my investment in during a single month right now. We could be basing for a rally or we could still be winding down from the last ramp. Realistically it might be 2017 or 2021 before we see a significant upswing again. Pick a strategy that enables you to feel confident enough to hang on through market chaos. I'd recommend avoiding ever being 100% in or out at any time. And just as you never want to spend the last of your cash, don't ever sell your last bitcoin either. These are just general guidelines, feel free to adapt them to your psychology and goals.

No. Mobile phone. Localbitcoins. It happens now, or latest 2013-2014.

Thanks for helping me picture your face last weekend.


By the way, order book is not looking much better as I write. Double digits within next 7 days.

yep hit 90 there for a while, whoever said double digits won that one or if you have bitcoins...we all lost.  but its sparking back up. why doesnt it shoot back up like the good ol days. why the swing? stock market is doing fine and bitcoin sometimes follows that a bit so whats the hold up? ya we say it jump ten in 24h but now sliding again. i thought we would see it be well above 200 by about this time.... end of June so what the hell is the hold up. 

more speculative propaganda. the price is low because the influx of regulations that just happened to coincide with the problems at mt gox, coupled with the uncertainty of the winklevoss IPO bullshit. a few weeks from now the price will be back up and all the gullible suckers you conned into selling at the current low price will be kicking theirselves for being so naive, while you count your stacks of crisply minted usd as you cash those wire transfers from campbx.

I can out bold that.

We will not see 1 btc for $71.01 again.

Is anyone else still hoping Mt. Gox get's replaced one day?
At any rate I think by this time next year we will have seen prices well over $300 and holding.

One of many similar responses to one of many similar posts by Rampion these days (in which he predicts we'll continue to go down hard). Time will tell, eh?

We will strike the $35 mark by the August (8/1/2013). That is my prediction. I have a $1000 vs 10 BTC bet wagered against someone on it :)

I reiterate: 300-350 by August, or at least this target ill be reached by then.