Bitcoin Forum

 ;D rhetorical question, but you may vote for confirmation ;)

Just taking the first 10 topics:
Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Major flaw of Bitcoin found  
200 USD, the new support?  
Bitpay just processed its first 1,000,000 USD order, Dump incoming?
BTCChina overtook Mtgox as the leader in volume
BTC at $205? Should I buy into a rally?
Parity watch -> El Salvador
What will be the high (USD) from now until the end of the year?
Zerohedge story on EBay and Bitcoin  
Professional Traders - Do you find speculating easier in cryptocurrencies?  
Gold collapsing. Bitcoin UP.


My opinion, it feels like April again, price going up every single day by $10.

But I think the difference with april is it's 6 months further now, a lot more users now, we are also used to $200 and from the topics quoted there is more concern than euphoria. My guess is we will go a lot higher to $300/$400, crash back to $200 by the end of the year.

Fact: it certainly is not 2011! Bitcoin is acting strong! Litecoin feels more like 2011.

Most of those threads are either neutral, perennial, negative, or threads that always get bumped when the price starts to rise. Or were you talking about the content of the threads rather than the titles?

EDIT: Oh, you agree. I guess I'm confused what you're saying. To me the fact that the price is rising like this and sentiment is not bubbly at all is hugely bullish-seeming.

Since this vote is wining: You ain't seen nothing yet, this party is just getting started!
One can deduct all traders have gone long, time to short!

It feels like its going to crash any time... hm....

Party just getting started...

It feels like the last week of February in my view.

@sgbett and again, a process that follows an exponential growth must be plotted logarithmically to appear properly. And this definitely applies to BTC.

I'm almost certain we'll see double digits before 2016 and single digits are a possibility.

Reasoning?

trolling

I can buy all your bicoins now to save you from such a disaster.

If I were a Red Socks fan I wouldn't be posting on a Red Socks forum asking if everyone here seemed to be uberexcited about the Red Socks right now.

I'm just saying.

well we are constantly rising, that seems like a bull market, so we should be bullish!
At $248, we are closing in on the ATH, if you can't be überbullish now, when can you?

When it was at $60? When there is more room to increase you should be more bullish in general.

I sold everything at 60. Just for the record. And the luz.
1 day later, the rally that brought us to 200+ started. And i sold the day before. FTW!

Ouch, well I sold in July and bought back in October. Do the math. I'm sure lots of fools on this forum that listened to people posting.

Arguably the same could be said for BUY BUY BUY as SELL SELL SELL

There's no virtually no demand except speculative demand (buying BTC on the belief they'll be worth more in the future), the technology is immature and the economy is practically nonexistent. Actual use (number of daily transactions) hasn't grown nearly in proportion to the rise in price. There's a lot of wishful thinking going around in the forum.

I'm not buying at these prices. Not selling either. I sold a portion of my coins in April for $192/BTC, and I do not regret that decision.

If we reach really high numbers the speculation possibilities goes down, and so do the btc price. I agree with you.
But many will use btc for the real economy there is behind it and as a store of value, so i don't see it collapsing.

In short, btc will always go up, on a logarithmic scale. What happens on the short period doesn't really matter.

HOLD HOLD HOLD

I agree with your premises. Demand is speculative, technology is immature, underlying economy is small and transactional growth is linear. But the potential is so huge that it is hard to see even a 3bn US$ market cap as excessive. There must be literally hundreds of medium-large sized technology companies that are bigger than that, most of which have nothing like the potential of Bitcoin. I too feel slightly uncomfortable with this week's surge and doubtless it will crash just like in April. But even after this crash (and the next one and the one after that) I can't see any show-stoppers for this amazing innovation.

Last few days transactions have been totaling ~1m bitcoin (right now 1.1m btc) and if theres 12m bitcoins that means on average a bitcoin is being spent 30x a year.  I'm just not seeing how people are hoarding, the currency is being used to transact and currently at a rate faster than most others.  I believe that bitcoin will surge in this bubble and quickly fall back to about where it is now maybe 250-300.

Thats the point of the chart bubba. Big move up now ends up looking like flat line in grand scheme of things. x

The only way we will see double digits is if BTC is dead.

I'll be necroing this post when it reaches $1000.

It's funny to me that the newcomers to Bitcoin are so much more fanatic/deluded than some like me who bought coins at <1 USD.

If you've actually lived the history, it gives you a different perspective. Not necessarily the correct one though .....

Last time we were here, Gox was lagging and getting DDOSed to hell. And it was the leading exchange.

"belief they're be worth more in the future" isn't a bad reason to buy unless there's reason to believe they won't be worth more in the future. The next reason you gave is "technology is immature," which can and likely will be remedied in the future, making it good to buy now.

Transactions don't matter yet because Bitcoin is more Gold 2.0 than Currency 2.0 right now. Not a problem; Gold 2.0 is worth an incredible amount to the people of the world, so that alone could drive the price up 1000 times.

Once we are above $10,000/BTC we can start to worry about transaction volume and merchant adoption.

Forum has always been full of turbobulls.

They just got quiet for a while.

We had to let the bears throw their tantrums so they could get it out of their systems.... and so we could have cheap bitcoins.

Can't wait for Bitcoin to enter into it's "Beanie Baby" phase and hit $800 for a few weeks, then slump back down to $250-350. :)



Yeah, I said Beanie Baby. :D