Bitcoin Forum

Asia is always more bullish on bitcoin than we are.

I predict that bitcoin could go as high as 95 tonight.

Sure, bounces and bull traps are always expected. But you can kiss triple digit goodbye.

Hopefully will catch a bounce at 78-80 so I can buy in and dump on you bulls.  :)

That statement is meaningless without a time frame.

Will it hit triple digits in the next 24 hours? Probably not.

In the next week though? It is very likely.

For the remainder of 2013. As I've been saying for weeks now.

Very unlikely. I'll be betting against that.

and the 180 tomorrow? LOL  ;)

if there is no one who sells expensive Hardware only for Coins, Price will stay low.

We definitely won't see triple digits again in the next week.

In the next year? No doubt. Why are we so quick to assume that the downtrend will last the exact same length of time as the 2011/2012 downtrend? Wouldn't it happen faster with more awareness and more investors, and several orders of magnitude more infrastructure? I don't see this downtrend lasting into 2014, that's just clueless extrapolation and graph comparison. "OMG, this downtrend will last into 2014, for no other reason than that's how long the 2011/2012 downtrend lasted! No chance it will actually run its course much quicker...."

... or longer?

I think it will last longer (barring some catastrophe in a major currency/bond, which is of course a real possibility these days).  Guess we'll have to see in 2014 who is right  :)  (Still a long-term bull though).

What? You are saying Bitcoin won't hit $100 for the rest of the year? You're crazy. We'll see $100 again soon, definitely in July and likely much sooner.

As high as double digits, lol optimistic are we?

Bitcoin will be over $100 by tomorrow.   ;D

Granted, I am always bullish so perhaps that invalidates my opinion right there.  But it is the beginning of the month though and there seems to be a pattern that the first day there is some selling but by the second or third day the price seems to go up a little. 

Sorry, no graph or anything cool like that.  Just my gut feeling.

I think it's going to be much quicker this time.

This bitch is gonna blow.
Just because I was starting to sell since I need fiat fast.

You so sure about that? This is a pretty strong trend. It's going to take some time to reverse.

I have only been involved with BTC since April.  In those short few months one thing I have learned about BTC is that "time" is not an issue when it comes to BTC.  It can move up or down very quickly in a relatively short time period!  So "it's going to take some time to reverse"  I guess if you are thinking about hours instead of days, months or years!

Then perhaps it's time to look at a long time chart to remove some of that bubble period bias. It took 1.5 years to go above 32 again. It took 1 year to go above 10 again, briefly.

http://www.sierrachart.com/image.php?l=1372716115159.png

care to put that wager in escrow?

I am also prepared to wager that BTC will hit 100 again this year

10 bitcoins
I'll give you +30usd per bitcoin market value for your bitcoins if you win the wager.

if value of bitcoins is over 100 by end of august I will pay you 130USD per bitcoin
if value of bitcoins is LESS then 100 by end of august, I only have to return to you 10 bitcoins -30USD per.

take my short?

name your terms.

It's funny cause I am in the Asia Pacific region and I always think the USA is more bullish.

My analysis

Europe: Bearish
Asia: Bullish
America: V Bullish

Even though I am bearish, I'm thinking that there might be a small rally after BTC's almost touched 86.

If I am right, it will go up to 100-105, but not more than 110 during this week.

Yes, this will happen for sure. Up up up we go.

Absolutely right. But it seems to me that there are a lot of lovers of get-rich-quick schemes. Even if BTC was not to reach ATH again ($266) in 2 years from now, that's fast from an investment point of view. I guess everybody would buy something that costs $1 today and $4 in 2 years.

Well, we are back over $100 again! I should have taken this wager.

Heh