Bitcoin Forum

I think we are and I put my money where my words are... now I saw this article (from today):
http://www.thegenesisblock.com/bitcoin-trading-are-we-primed-for-a-major-move-higher/

What do you think?

Looks to me that the price has pretty much stabilized over the past few days. Not trying to be a jerk but most / some of us are waiting for a major event to take place in order to shake the price further.

Completely unpredictable.

You're planning your strategy on ONE piece of news?

The volatility around $48 was identical to the last 6 days. It was preceded by a 300% rise in a few weeks and was indeed a pause before the spike to $200+.

The Jan-April rise was built on several compounding factors, new fundamentals, media interest and a speculative bull-rush.

I'd love to see a similar rise from $125 but I'm very doubtful the next few months will mirror early 2013. I expect a series of jumps up (and down) to narrow channels as we move toward and beyond $150.

If you're getting in now, be prepared to lose 20% of your investment in the short term with by no means a guaranteed profit. This seems to be a solid platform for growth but the threat of US government intervention is looming larger than ever.

Maybe huge, but not HUGE.

I don't think we'll see a "huge" jump in price in the short term
But I do not believe the consolidation period will last long, and soon the price will continue to explode upwards of 3000$ a coin.
Regulating the exchanges will once and for all legitimize bitcoin;
This newly found legitimacy will create opportunities for entrepreneurs, as all their legal concern will be answered.
I expect some really crazy and interesting applications of bitcoin to be developed.
undoubtedly some of these new things will open up bitcoin to a whole new group of people.
this is where it gets interesting.
as people see real world examples of bitcoin improving the world economy, all hell is going to break loose and the world will rush to take part in the monetary revaluation!

banks as we know them today will become obsolete; and with that, wealth will spread throughout the world. Everyone will feel rich, and will spend accordingly, the power structure will be reorganized by default, and pretty soon we will realize that their is no need for money, humanity will work  not for money, but to better themselves.

 :D

bitcoin!

Previous charts mean nothing.

Small-huge at best. More probable is reverse medium-huge.

+1

How is today's bitcoin market similar in any way to when it was under $50.

after the first sentence i thought this is just another pessimistic dude...

but it wasn´t. like...

my prediction: in the short term everything will be slower and smaller than most expect it, but in the long term it will greatly surpass or not fulfill our expectations at all.

I think the low volatility will be resolved with a move to the downside.  I've been wrong before.

… ready to accept your bear tag?

At least Bitcoin investments cannot be seized by govt as any other payment system or bank account.

I think we need to see a resolution or some sort of progress on the MtGox issues first.  As Gox's future remains in limbo, I think so does the short-term price of BTC.

We are seeing that right now - in the form of MtGox losing a significant amount of its trading volume as a % of the volume on major exchanges. 



Hmm, crazy and interesting applications, things getting interesting...
You mean like Bitmessage + OpenTransactions (https://bitcointalk.org/index.php?topic=212490.0) protocol combination? Or perhaps Elwar's new gig? (https://bitcointalk.org/index.php?topic=207759.0)
Friends, the "revaluation" is upon us  8) fasten your seatbelts, start compiling and testing so we can get this stuff out there.

This is the calm before the storm. The price WILL move as soon as a trend forms and it'll kick off a swing. Trade carefully!

Who knows how long it will be calm for. But it will get volatile right after trend creeps in one direction or the other for too long.

Well. He was a pessimistic dude...
https://bitcointalk.org/index.php?topic=144166.0
...but I am happy to say he has joined a whole load of us in the bull-herd  :)

i am about to put in 2digit k € . it took me several weeks to organize the funds. i was praying that the price remain like this about as long as i need to get those funds ready. the bitcoin god did listen. so watch out folks: i will be able to buy in 10 days. after that price will take off vertically. sorry for the delay (banks...!).

Not sure if the price will hover at $120's for 10 days. I could be wrong.

i doubt it myself. but i can´t speed up. banks compared to the bitcoin protocol is like a formula 1 race car being fueled up with a donkey cart.

About 9 months ago you told me bitcoin was grossly undervalued and that it was worth ~$100 per coin (this is in August 2012 or so).

What would you say is the current Vladimir valuation of bitcoin? Aside from the $100k predictions ...lolz

I'd said replace donkey cart with snail.

Thanks now I know what to expect for the next 9-12 months

~$1000 bitcoin at least.  :)

then everyone will remember bitcoin as the technology that made star trek real... well... that and warp drive :P

My fav chart (3-year log trend) indicates $200 at the end of this year, $500 next May and $1000 next September.

http://farm8.staticflickr.com/7434/8811661872_d16b9205f6_b.jpg (http://www.flickr.com/photos/93641348@N04/8811661872/)

I don't understand people and their linear charts. That's not how Bitcoin works. As the more people adopt, the speed increases exponentially as well as the number of adopters. Bitcoin is a virus, its mechanics are based on it. Nobody's chart ever accounts for viral spread.

That's why the chart above uses the logarithm of the fx rate, therefore you can plot a linear trendline but it is actually exponential!  This is capturing the "viral" super-growth rate.

I see. Well I guess we just disagree on what viral means in terms of Bitcoin, I think this will be happening much faster than that. $1000 next September is laughably low.

That chart is using 3 years of MtGox prices. So it is 100% in terms of Bitcoin. You are forgetting what a run it has had already from a few cents. Even that trendline has to flatten off soon or one bitcoin will buy this entire planet in just 12 years from now.  Got to be realistic about limits to growth!

There are about 100 billion planets in the MilkyWay so I don't see the problem :)))

yeah, make it an old one on sleeping pills.

September 2013?

I'll bet you $1000 that won't be the case.

...and don't forget the billions of galaxies in the universe
 ;D

Im getting addict... this is what happens to me when when I read above Speculation section at blockchained:

http://static3.businessinsider.com/image/519ca6b1eab8ea9c47000007/man-crashes-like-pinball-around-road-before-falling-into-hole-video.jpg

http://www.dailymotion.com/video/x1030z9_choca-y-huye-4-veces-y-es-absorbido-por-el-demonio_people

And read read read read...

We are talking about Sept 2014.

Exactly, these charts and lines are so pointless.

i see it now! a lot of people think that looking at the rate of adoption it appears as looking at a stock chart. what is a buyer of stocks doing with them ? just waiting for the right moment to sell. but what is a buyer of bitcoins doing with them ? invest in an avalon group buy, play some poker, buy some weed, get the pair of alpacas that you always dreamed of, play some satoshi-d, show your friends, explain your grandma, etc. etc...  one of them is just a share of a giant company. the other is real life AND a share of a giant social experiment fueled by a disruptive technology par excellence.

How can your maths include DDoS attacks, Dwolla seizure, LR closing, press coverage of Bitcoin in this chart?
How can it include possible future good or bad news in this chart?
Stop draw stupid lines on charts. Think by your brain.

Please no.. Just slow and stead guys.  ::)