Bitcoin Forum

Can someone enlighten me what is going to happen on that date? Many people talk about it and it seems I missed some important news regarding China.

15th is the day!

:)

A revolution! :)

bananageddon

China will ban Bitcoin, and the BTC Price will drop below $100.

I bet my hot ass, that tomorrow BTC will be < $400.

http://www.ft.com/cms/s/0/ed3ee914-ba4f-11e3-aeb0-00144feabdc0.html#axzz2xpdeXbGI

http://gigaom.com/2014/03/24/bitcoin-barons-face-tax-dilemma-as-april-15-deadline-looms/

No problems with this taxation.

Tax it, regulate it, integrate it.

Sounds like the pro-pot platform to me  :D

A bunch of chinese fud about a Country wide ban. The price is going to drop down to $80 guaranteed.

Yes price will drop ... but not for long imo.

April 14th:  Final price dip  (sell-offs by the remaining few Chinese who'd held out)
April 15th-17th:  Sideways movement (people just watching the market cautiously)
April 18th:  Slow rise (it's safe to re-enter)

May: Back to $600
June: $700
July: $850
Aug: $1000
Sep: $1500
Oct: $2500
Nov: $1000 (after crash)
Dec: $1500

then slow decline back to $1000.

But next July it'll bubble to $5000, before settling back to $2500.

... and so on.

Of course I could be completely wrong :)

< 50$ guranteed!

The logarithm strongly implies that the next crash will occur between 2500 and 4000. I would say we'll see 3k before the next crash, but who knows?

It's also worth noting that when Bitcoin survives this round of government attacks, people take notice, and when the next buying-spree starts, it could be faster & stronger than any that have come before.

Just remember, at the end of 2013, one Bitcoin was selling for ten bucks.

I would suggest you and your kind sell now.

I hope you're a prophet and you are right ;) .. we'll see

If they really believed the FUD they were spreading, they wouldn't be wasting their time reading and commenting on the Bitcoin forum.

I'm sure you mean 2012 :)

He mean 2012 indeed :P

As I do not remember 10$ price @ 2013 :)

No one knows the future. Let see who support this one.

well for one thing all us miners have until april 15th to apply for a business license so that they can claim writeoffs for bitcoin mining hardware, psu's, electricity, office space, etc.

No one can predict what will happen

I'm totally gonna buy on the 14th. When the 15th comes and people see there's nothing going on the price will go back up.

He's absolutely right, no doubt. I've checked!

obviously ... china pinged the irs ruling . hmmm... have to wonder why would china do that ??

hmm interested

You're too late for fools day with this.

To whoever reads bullshit like the above, just think for a moment. Even if bitcoin was banned in China (it isn't of course) why would the price drop below $100 (where it stayed even before the china boom and before all the recent development like new exchanges, asic chips, investment funds, ATMs)? We won't see $50 ever again, it will either be $200+ or completely gone, replaced by something new.

I can predict the future

Currently- the weak will leave and pull everything out

future- the big guns will start pouring there money in till btc reaches 10k

future cont.- the weak who left will want to get back in from the sudden surge and good news but with the slightest drop off the weak will lose hope and start spreading fud till it crashes again and cause a panic sell

rinse and repeat

I agree :)
I would be very proud to buy btc @ 50$ :) but it wont happen...

@panda

I'm asking because this is all new and I'm crash studying every thread trying to understand the 'market' aspect (got the principles and future down good enough)...can you expound on your reasoning for that statement - why it's 200 and not 50 ever again - what are you basing it on? I'm not accepting it as a prediction, just to get an idea what everyone is using to base any opinion or prediction/speculation on.

Also for whoever - am I correct regarding the "bubble" concept that it's when a shit ton of people buy in to critical mass, then there's no more money to be put in so it 'pops' and crashes, and all that money vanishes or becomes worthless? And if so, clearly that would make a bubble a bad thing...but in bitcoin's case, and other technologies I'd imagine, wouldn't a bubble be kind of a good thing? As in that happens, it pops/crashes, but always goes back up in price/value?

Thanks

I'm holding, so expect an epic crash  ;D

I'm not an expert in this, though I've been watching the market for over a year now (which isn't much compared to some people who got into this 5 years ago). Why I said $200? Just because bitcoin is an invention  and thus it can't just exist unnoticed, with stable low prices. It either develops, gains attention and becomes more or less used, or it just dies. That's why, IMO it won't go back to the prices from over a year, this would mean that, despite a lot of money being pumped into it, bitcoin is not accepted, it failed to gain public approval.

A year ago there were no bitcoin ATMs, big investment funds, hardware wallets, multiple exchanges and "bitcoin accepted" signs popping up everywhere, but still the price of BTC was rising above $100. If we had $50 now this would mean something went terribly wrong. We owe today's price to the Gox crysis, it started this whole FUD fest and a series of crashes from ~$700. I bet if this situation ever gets resolved (hopefully with that thief Karpeles returning the money he stole) the price will be at least 2x what it is now.

Money never disappears (unless you send it to Gox). The price is not crashing because people aren't buying, or the coins suddenly became worthless, just at the given moment there are more sellers than buyers.

Thank you :)

4th and 5th it remained above $400, so you appear to now owe the board your hot ass.

Calling something "a bubble" is a disparaging comment. It's seen as "not good", and implies that the thing that is the bubble is over-priced. The same whether we are talking about tulips, the Internet, social networking or Bitcoin.

That doesn't mean that some people don't make money during a bubble. Clearly a minority do make it big during every bubble. Those who sold tulips, useless 90s Internet companies and Instagram made a lot of money. Those things suddenly became worth a lot less than what people paid for them and then a larger number of people lost money.

Some are keen to call Bitcoin a bubble because of the massive increase in value unprecedented in almost all legal ventures.

But it's not clear yet whether Bitcoin is a bubble. The full value of the blockchain and Bitcoin has not yet been established. Even if the blockchain concept goes on to greater things, it is still possible that the specific Bitcoin implementation of it fails. What is true is that, if Bitcoin were to achieve mainstream acceptance and success, then it must be worth more in fiat terms than it currently is now.

In the general and long term sense a rapid increase in the value of Bitcoin could be bad for Bitcoin because when there is a following crash a lot of people will get burnt and panic sell and it will generate a disproportionate amount of bad press. Even then, obviously a few people who currently have large bitcoin holdings and the good sense/fortune to predict the top of the market will make a killing and for that minority a bubble will be good news.

But for the majority and for the long term it would be healthier to see a slow and steady rise in value.

Unfortunately we rarely get what we want, so it is on us to critically appraise each piece of news to check it's not FUD, try not to panic sell, equally do not invest what we can't afford to lose. Generally just don't be a dick. :)

Yes, and as a participant of this board I deserve a piece of ass  ;D

The main thing that will occur will be that April the 16th happens the day after.

January 31st was the previous Chinese apocalypse. Fuck all happened. If there is to be price action it'll be all over long before that day.

Price looks stable now,

You are not allowed to speak like that in here. Reported to moderator.

I'm thinking 570-575ish by April 15th.

Why did you decide that something will happen on that date? Don't trust silly conversations

you were right, it was down to like 410 basically.

15th April...

JUDGEMENT DAY.

If you purchase Bitcoin for $1000.00 or less, you are an early adopter.
Bitcoin by any metric is following Metcalfe's Law.

There is not a threat known to Man that can stop it now.