Bitcoin Forum

What do you think? Will we stabilize around 200-400?
I think 1000/btc is now a pipe-dream, even though we have been there before but that was in a time people were blind of Euphoria.

no

yes

It doesn't look like anyone on any of the real exchanges agrees with you. However, if you have some bitcoins you'd like to sell me for $200 dollars, I'd be keen ;)

1200 dollar is underpriced.

yes i will take that too for 100$ until OP wake up from his dream.

$1200 is only underpriced for those that bought there, and those that wish they sold there.

There are many who bought at double-digit (or lower) prices who don't consider $1200 to be overpriced.

I think most would consider $200-$400 to be underpriced though.

I look any number below $500 underpiced and would buy coins if have spare funds.

Look everyone, it's SuperJimbo!


Calling the Bitcoin bottom all the way down since 2014!

Lets go and have a look through his post history shall we....see what he was saying about Bitcoin last week, and the week before that, and the week before that, etc..

btc doesn't stabilize on a low. it bounces off of a low and then stabilizes at higher level.

Not in November 2011.

Not in July 2013.

What? In both instances it did just that.

In my mind btc = gold

It has always been at exactly the right price - a numeric expression of the level of public wishful thinking about BTC's future potential. When the wishful thinking decreases the price decreases and when it increases the price increases.

In July 2013, I can see 7 seperate days when Bitcoin could have been had for less than $70

In November 2011, there are about 10 days when Bitcoin could have been bought for less than $3, and about a whole month when they were less than $3.50.

The argument that $70 and $63 can be compared with $700 and $630 or $2 and $3.50 compared with $200 and $350, is a fasicious one. If you don't think so, then get over to Max coin where the price has quintupled in the last couple of days or whatever, from 0.001 btc to 0.0045.

I see that in november, 2 was touched twice, briefly for 1-3 days, and there was a range of trading between 2.5 and 3.5 that lasted for 2 months before shooting back up.

In July 2013, it touched the 66 area for 3 days before shooting up to 100, and beginning a gradual incline. 1 month was spent between the 90 and 110 area.

None of this sounds like 'stability'.

The only time btc was ever really stable was when it was at $5 for 3 months.

But as bottoms go in Bitcoin terms, they were fairly stable. Much more stable than the tops have ever been and stable enough that they seem made out of granite compared with the recent spikes down to $540, which for me, are clearly not the end of the bear market, but are rather showing up pockets of unrealistic enduring positivity under an increasingly darkening cloud of negative sentiment, which will eventually be stamped out.

The actual "bottoms" are only hit for a matter of days. It is the level 50% above the bottom that becomes "stable" sometimes. But I don't call that the "bottom" anymore.

1200 dollar is cheap

next year, everyone dreams of 1200 dollar coins

Instead of 50%, we can perhaps agree on the area slightly above the bottom becomes stable.

Like I say, $63 and $70 is just not comparable in market terms to $630 and $700.

The waters are muddied not just because of alt coins, but because there are derivative coins dividing the market. If they are what they claim to be, then they will allow Bitcoin to once again surge upward. If they turn out to be pre-mined centralized coins and not decentralized open sourced coins, then they may set faith in Bitcoin back a step. If we see some real innovation that is useful for large business to adapt, then expect another bubble. Innovation is the key to adoption. Right now the price is where it needs to be.

Get ready for the next rocket to likely happen between mid May and the end of July 2014.

Not always true.

A buzz or speculative interest or mania can be a key to adoption. But then again what is true adoption defined as?

Will stabilize around 30-40 usd

litecoin will one day, sure igorr. we are talking about bitcoin here.

I presume per millibit, of course.

LOLOLOLOL

Reading comprehension obviously isn't your strong suit.

I didn't say I necessarily thought $1200 coins are not overpriced. I said that many who bought at lower prices thought so.

This was in response to Bitcoin BEAR stating that "$1200 is only underpriced for those that bought there, and those that wish they sold there."

Since 2014? Less than 2 months? LOLOLOLOL

I considered BTC to be underpriced over a year ago at <$15 following an extended recovery from the 2011 bubble, and again last June at <$100 when bears were braying about $30 capitulation and "no more triple digits in 2013". I consider it to be underpriced now at $600.

You bring up my post history? How about yours? Not much between bubbles. LOLOLOL
_________

Sorry for feeding the troll, everyone. I just find it hilariously amusing.

God I love seeing trolls duke it out.

Hey, I did apologize.  :)

I suppose I should just put him on ignore, but where's the fun in that?

Haha, exactly .. listening to all we nutcases is half the fun :)

The real price will be when mining factor comes below 1 cent per Gh at 24h

This time the decline is real, no more constant growth, which all people expect.
Bitcoin never coming back to 800usd, constantly going to fall with little growth.


The price is three times was artificially raised by mining hardware manufacturer in cooperation with MtGox currency exchange.

http://easycaptures.com/fs/uploaded/648/2805773688.png (http://easycaptures.com/2805773688)View Screen Capture (http://easycaptures.com/2805773688)

lol, indeed.

Wishful thinking, at 30-40usd I'll take a second mortgage to scoop up the coins. :P

How about sending your money to Mt.Gox they´re dirt cheap over there right now. It´s a bargain. :)

I think better question would be:

at which price you will start to buy coins?

I mean really but, not "I would buy if I was not fully invested" Or "if I had some spare cash"

For me the answer is: well below the current price

I think the long term goal is about $400. Scalability issues won't permit real growth above that. Current prices are pure bubble logic.

Care to explain that?

Very possible, but I'm not sure about other crypto coins

Link to follow all tehnical data and the follow hottest threads on Bitcointalk.org of the last 24h : http://blockchained.com/

Eh?

We are nearing the 1MB block size limit, and I think we have been in a bubble since $20, at least. Judging from the number of transactions vs. Bitcoin price, $400 looks like 1MB in the long term, disregarding the current bubble.

LOL

http://i664.photobucket.com/albums/vv10/JimboToronto/tin-foil-hat.jpg (http://s664.photobucket.com/user/JimboToronto/media/tin-foil-hat.jpg.html)

Block size has been brought up before. Sounds like a fixable problem.

But a $5 billion market cap doesn't make Bitcoin useful for very much at all. If it were to be used solely for a small proportion of remittances a few days of transactions would gobble that up.

It will grow again. 2014 could be a slow year but the overall trend is up. Our worst enemy is patience since historically hodling is the best strategy so far, long term at least.

But the bitcoin can be recycled quite a few times during the course of a year.

Anyhow, remittance use is only just beginning.  I doubt bitcoin has penetrated even 1% of the remittance market yet.  Remittances can be expected to become a major part of the fundamental value over a 2 year time frame, but they are not yet signficant.  It's too hard to convert BTC to Som or Cedi, still.

My current fundamental value estimate is 640 USD.  Expect it to trade at a discount during the current stressed conditions.