Bitcoin Forum

http://www.sailingscuttlebutt.com/blog/uploaded_images/ist2_2447147_raised_hand-740388.jpg

Now I think the fundamentals are there. It's time for $1000 Bitcoin. Everyone ready?

More "$100 by Christmas" trolling I see ?

I'm 100% serious. $1000 by Christmas. Don't be such a bear, balanula.

What is it they say? Aim for the stars, maybe you'll get chorus girls.

I see it hitting 1001$.

The fundamentals aren't even close to being there. The core development team is working hard on making Bitcoin sound. They are doing epic work and will deserve statues one day. We need a lot more development before mass adoption. At this rate it will be 1-2 years before really useful smartphone apps are developed. Then another 1-2 years before people realize that Bitcoin is not a Ponzi scheme. Then another 1-2 years before people start designing powerful business tools that take advantage of Bitcoin's unique properties not accessible by traditional currencies. I guesstimate 3-6 years before we have real fundamentals. I'm hoping to hear some good news from Prague.

2013-01-01 $1000+

Everyone in this thread is a bear, It'll be over nine thousand by Christmas for sure.
I personally guarantee I'm willing to sell at that price - which makes me a bear too!

Well, I hope it gets to that price, that way you'll be able to pay for the rights to use a picture that's not watermarked...

The $-price for bitcoins will be over 9000, at least,
but the €-price will be 2 or so.

PS: I had to write this.

Which year?

OK, maybe I'm too serious sometimes so I'll play along. Bitcoin will be eleventy 'leven bazillion tomorrow. Yayz

I can theoretically see Bitcoin at $1000+ by Jan 1, 2015. That would be the "wet dream" scenario. But as far as next Jan is concerned, I'd be surprised if we are $5+.

I don't think the thread is very funny, btw.

Ok, where is Cosby? I know he's here somewhere.

It's going to hit $1000 by Jan 1 for sure. 

$1000 Zimbabwean dollars.

At least when my currency devalues, it doesn't get heavier to buy a loaf of bread.

http://nvnassociates.files.wordpress.com/2011/05/zimbabwe-blog-article-image3.jpg


Million dollar idea: Bitcoin for loaves of bread. Shipped.

Look on the bright side.  At least they had no shortage of toilet paper.

Savvy speculators snapped up mint condition Zimbabwean banknotes and put them on eBay.  I bought a $1 trillion Zimbabwean banknote a few months ago, to go with my Yugoslavian 500 billion dinar banknote.  A 50 million Weimar Republic banknote also joined the collection.

New Million Dollar Idea: Bitcoin Toilet Paper, each sheet with its own private key.

I'm 100% serious.  No higher than $3 by Christmas.  Don't be such a bull.

https://i.imgur.com/9rveQ.jpg


Bears representing.  Quoting this on the second.  

I don't think it'll be much longer before we see all the bids above 2.15 wiped out, the big walls disappear, and the price finally move below $2.00.

Do twinkies (http://bitmunchies.com/product_info.php?cPath=29&products_id=332) count as bread?

In all seriousness, the Christmas present I'm wishing for is $5 BTC.  I'd be ecstatic with that.

I'll give you 1 bitcoin if it does - you give me $1000 if it doesn't. Do you agree to the bet?

That would probably be more reasonable the other way around.

Eh? I can afford 1btc - and I'm happy to take $1000. Perhaps you'd like to take the bet. It's reasonable for me. And that is exactly what the OP is proposing.

All I meant was it's more in line with the odds (1000:1?), but odds are subjective so then again maybe not.

besides, if it did go to $1000 per BTC then you'd be able to afford $1000 :)

Ok - yeah I see what you mean

Would you like to make a gentleman's wager of one bitcoin that your wet dream will be fulfilled long before then?

EDIT: Damn, you guys are fast posters!

I'm fast at everything - ask my wife

http://www.youtube.com/watch?v=EEv3Xk-mCXU

Ok, fess up, who's doing the buying right now?

Would if my money had arrived yet :P

speculation gone wild =)

I imagine that a lot of people don't want to get left behind and are at least hedging in.

But why would one want to respond to your query?  I mean if you wait until after the fact, you can come back on these forum boards and brag about what a genius you are no matter what happens.

I'll preemptively brag about admit to current highly leveraged short loss.

I hate all these people who want the bitcoin value to drop, FOR FUCK SAKES, $1 IS JUSTA REFERANCE POINT.
THE VALUE OF ONE BITCOIN IS NOT THE SAME AS ONE DOLLAR, AND SHALL NEVER be the same.

The only damn reason i can see asto why people want value to drop is this:
1.To buy and resell
2.So that coins get "adopted" as a type of money.

It doesnt fucking have to be worth $1USD to be accepted!, It just needs to stabilise!

You're a bigger man then most then and win/lose/draw, you have some respect from me for it.  If you are not planning to pop up with a yarn about how you were also cleverly hedged and made a bundle should some other scenario transpire that is.

In kind, I'll admit to having just made another relatively small purchase at market (on Tradehill.)  This mainly because I am shooting for another round number for deep storage, and I'll be gone most of the day.  The ask-face is huge there, and I should be able to pick up coins for this price for some time, but I fear that a large percentage of the asks are controlled by one person who may move things.  Also, I was playing the drop-outs on Tradehill over the last week and made a little bit.

I respect your respect. I've also posted all of my trade plans on this forum based on Elliott waves well in advance for the past two months. You're free to read them. I'm doing quite well on the whole despite this nervous little up tick. I'm off to walk the dog and hope to still have a shirt when I get back. :)

Indeed, $1 makes no sense and the price will never be stable at $1. In fact the price will not be "stable" at all until the market and the economy are a lot bigger. But what we do need is bottom stabilization, meaning that the price drop needs to stop.

Right now it certainly looks like $2 is the place it stops, we've had a bounce from $2 three times already and the first one was way back, in Bitcoin time. No one can no for sure but what we do know is that $2 is the strongest support price Bitcoin has ever had (at least after the peak).

I personally hope $2 remains as the bottom because it's about time we establish one. A bottom is something Bitcoin needs desperately.

That's a whole lot of presumption there. Fuck you too. You can just ask, if you'd like your tangle of views unwound.

Am i the only one that was understanding what he was saying to me all the way until "unwound"

Was the reference too esoteric? You expressed conclusions based on unsound conclusions based on views (perhaps your own fears and concerns) based on further presumptuous views.

I do not want bitcoin to drop. I have not alluded to bitcoin parity. It's a pity that you hate people with different desires. It's a greater pity if you hate them because you incorrectly believe their desires conflict with your own. If you want bitcoin prices to go up, should you then hate anyone who does not buy? Anyway, your liberal use of absolutes such as 'all', 'only', 'never', 'need', and enumeration should be a warning to check yourself, as whatever you are saying, you are probably incorrect.

So, if you would like your tangle of views unwound, just ask and I will do my best to enlighten you.

I disagree that Bitcoin can't be stable at $1.

Bitcoin can be stable at $1 when market makers come in and put up 500k in non staggered ask at 1.04 and 500k in non staggered bid at 0.96. Everyone else can trade in that window.

why stop at $1000???

Here, if the MtGox price of bitcoin goes to $1000 by January 1st, 2012 I'll give Mr Owens a bitcoin for making such an outlandishly absurd claim and being right about it.

epic...

Will you buy and hold a coin just in case?

Just did.

I hate how i posted here, Now it keeps popping up in New Relpies,
Anyone know how to turn that crap off?

On topic, I think the price of a btc is going to stay at around 2.2, So that the miners mining them pay for they're own power, And have heating

You can't. The only way I found effective is killing the thread.

I think that that is true, Netrin, (your openness in posting) and in fact is a big factor in my continuing to hold hope for another dip.  In spite of being pretty dubious about Elliot wave stuff I've been holding funds earmarked for the $1.xx possibility.  About 1/3 of them was what I dumped this morning before heading out for Thanksgiving dinner.

I had had a buy in for 15 or 20 cents below market to catch another dip, but they had not happened for a long time.  Just minutes after I pulled it and made a purchase at market, there's another dip.  Oh well.  It's not like it's a great deal of money or anything...just the principle I guess.

To be honest, I suspect Elliott waves are a bit dubious as well and joke about numerology and my astrology charts. I post my charts to keep myself honest and to learn from others. But I really enjoy reading dismissive posts by people with no strategy at all, who share new theories about direction dreamed up on the spot at every arbitrary change of price. I can only imagine they are losing their fortunes. Whether luck, forced patience, or substance, Elliott waves have made me a much more successful trader. I've nailed some pretty accurate highs and lows which continue to amaze me. I'm still at a potential loss since yesterday, and I must say it's nerve racking to stick to the plan, continue selling as prices boldly rise or to choose a bottom and buy after prices have fallen off a cliff. But to do otherwise is to submit to Mara, the temptations of emotion, the sure strategy of loss.

This guy.  I'll by at anything less than $2.

I prefer to get my trading tips from Cassandra.  Problem is, I never believe her.

Cassandra sums up all analysis. Well, except for the clear foresight (or hearing in her case).

I'm pretty sure the bearish sentiment is just too damn heavy for us to reach $1,000 again by Jan 1st...

Also, lol.

You do realize that you bumped a thread from 2011 right?

Necro'd for re-relevance. $1,000 isn't out the question by Jan 1st, and the OP didn't specify a year...

I remember when everyone was certain the rise to $4,000 - $5,000 would come by the end of this year. Amazing how much sentiment has changed...

I miss the happy days :(

;D

$1000 seems like a ridiculously high figure.

Not everyone. And during April 2013 some were sure that price will rise to 10k$ soon, during December 2013 more were sure it will rise to 40k$ soon.
The OP implied January 2012, and he was very wrong. Just like those who now still believe it will rise to 5k$ by 1st January 2015.

I highly doubt that the price will reach back to $1000 by January 2015... or any time soon.
There is not enough spark of Interest or Need, from those outside of the Crypto-currency community.

You correctly predicted the Need and spark of interest that drove previous bubbles, right? Wait..

We just need rusia and china to un-ban bitcoin and we would easily reach that level..

I'm just voicing my opinion. I'm not trying to convince anyone to believe that my predictions are accurate.
Were all of your previous predictions correct?

I simply don't see a very urgent need for most people to switch to using Bitcoins very soon.

A lot of infrastructure still needs to be put in place. It is still quite difficult for the average person to even be able to purchase Bitcoins for use, in the first place.

I am not saying that I think Bitcoins will be a Failure.
I strongly believe that Bitcoins will be the "Future"; I think that is inevitable at this point.

I just don't think that the price of Bitcoins will stabilize over $1000 USD in the year 2015.

You have to think that we can not decide price of Bitcoin. Many people (me too) thought that bitcoin price in this period must be of 7-800$ and price now is 380$. So, don't hope that in 1Jan price will be 1000$. Anyway I think that price will move up to 1000-3000$ by 2016 years.

Just to make a point -

$1,000 seemed high only six years ago.

$10,000 seems high now.

When it hits $20,000 that will seem high too.
Until $50,000 ...

BTC is designed, and expected, to increase in price for ever,
it's fundamentals are sound, and the chance of everyone suddenly changing their minds is essentially zero.

It doesn't have to crash,
it may not crash,
I don't think it will ever crash.


Kapyong