Bitcoin Forum

Really, I just want to create a thread that I can resurrect at a later date when the price is > $1000 again. Or higher... :D

1st bump: $1K
2nd bump: $10K
3rd bump: ??

I'm not going to make any predictions other than one day I will be able to bump this thread and laugh at the permabear trolls and their "bitcon is dead!" nonsense.

See you all in a year or few. If any bears would be so kind as to post here saying Bitcoin will never reach that point again, it would be highly appreciated, and make this even more entertaining. Price currently is around $250.

https://i.imgur.com/Ef4lkQU.gif

* not to be confused with the "when bitcoin reaches $1000 party" (https://bitcointalk.org/index.php?topic=285771.0) thread which is also an excellent thread and can perhaps be resurrected one day too

Bitcoin is a groundbreaking invention: a global and borderless money open to any computer programmer / entrepreneur, and this will be enough for it to wildly succeed, despite any problems it may encounter along the way. It also has the network effect and first mover advantages.

I am all in for this one:
The next major Bitcoin high will be ~$3,500 and maybe $4,489.  :)

I love your dedication to being here.

It's inspiring to know we're on the right track.

I'm in!  ;D

Waiting for 3.5k

All Permabulls are sitting in the Wall Observer thread and are deep in economic analysis about current market situation, e.g. roaring. They have no time to visit your party thread.

The next bubble will be $100k / BTC.

:'(

permabears are welcome here too as long as they pay for their own drinks and troll with appropriate gusto

Hooray a permabull thread!
Next pump going to $7K per BTC (~$100 Billion Market Cap)

Just a matter of time before the bulls on parade starts all over again and then all bets are off for how high this next leg can go. The perfect storm is gonna be a doozy.

easy to make predictions when you add the infinity of time.

With Gemini on the horizon and the ETF it's going to be a good year.

Preparing for Takeoff, thank you for posting the Bullish graphic.  :)

http://i57.tinypic.com/15yf13m.jpg

We are slowly entering "fear"

Fundamentals win over TA and trolls ever time. Perhaps you should catch up on all the great news:
https://bitcointalk.org/index.php?board=77.0

Do you really think that in a few years various technologies won't allow us to do that but with existing currencies without having to deal with volatile irreversible pyramid scheme funbucks? Are you guys really that naive?  ;D

Some of them are already here but I don't wanna ruin the party with spoilers.

The more time goes by for these technologies to be eventually accessible to anybody and for institutions to adopt them, the less likely (and more expensive) it will be for bitcoin to be pumped again.


I don't wanna argue. I just wanna put my prediction here for when we bump this thread in a few years ;D ;D



http://relationalstocks.com/photo/warren_buffett.jpg

We are in the institutional investors phase existing the bear trap. The bulls are coming soon!

This reminds me of a pussy thread from early last year.

http://i664.photobucket.com/albums/vv10/JimboToronto/Karhubeercase1.jpg

sure, I'm only really claiming that Bitcoin is not going to fail. It's not a difficult prediction to make ;)

beartroll honeypot thread

Let's not forget the honey wagon.

http://i664.photobucket.com/albums/vv10/JimboToronto/BearTrap.jpg

 :D

This is gentlemen.

Just made it onto page 2 so when we're at 10k I can say 'I was there'  ;D

Speaking of bears...

http://static.fjcdn.com/gifs/Electrocuted_5b4f59_633493.gif

...they get fried, when messing with Bitcoin.

The price has been falling for over a year yet more and more VC pours in, more adoption, more transactions, more exchanges, big players, legit exchanges coming onboard. You want to talk about divergence, if there was a graph for the above compared to the price the bullish divergence would be so easy to see. When it takes off again it's really going to knock people's socks off. It is going to be an exponential sling shot. So many people will be trying to get in at the same time there won't be enough BTC available to buy.

https://i.imgur.com/AU2tsw2.jpg

Also, many sellers will remove their sell orders when they see a parabolic rise, which in turn will accelerate the rise.

Exactly, the sell orders will get pulled, clearing the path for a huge rise.  I mean why sell now if you can sell for more a day later? Actually, why sell at all, at that point? Adoption will be so wide spread you won't have to sell, you trade your one bitcoin for a house.

A house? They told me about a private jetliner!

I still have some cold storage reserve, where are my jetliners?

I need to be part of this, I don't know when, but eventually Bitcoin will be worth at least 6 digits. And it's probably going to happen sooner than most would expect.

You have 0 BTC and you know it.

You misspelled mansion. As if I'ld trade a full Bitcoin for a house.

But yes, it's likely that the next rise will be literally a gold rush, people running over each other to buy the few available fractions of Bitcoin for extreme prices. Once people finally realize what "limited amount" actually means.

Ok OP, if you truly plan this thread for the 'permabulls' then you absolutely need to instill a few rules:

1)  Delete ALL troll posts or bear posts from this thread (yes NotHatinJustTrollin, I'm looking at you)

2)  Allow for some serious long term positive bull discussion

3)  ADHERE to rule #1

A bubble is a very interesting sociological phenomenon.

Watching late adopters (the suckers, as opposed to the early adopters who dump on them) and their ramblings is fascinating.
You could write never-ending essays on them.



Sure, the delusions often make you cringe and feel terrible for them, but it's always a spectacle nonetheless.


On a more pragmatic note, they are the exact opposite of what should be done when investing. In the end they are even useful.

I think you missed this part about OP post:

Permabull since 2011 here. Risk/reward now seems about what it felt-like to me in early 2012, though I do think cycles are likely to take longer now vs then, since the ecosystem is larger.

And just to be clear, many of us bulls fully ack the risk involved with bitcoin as an investment, and consider it a very high sigma positive expectation position. Actually, it's probably the most asymmetrical opportunity I've seen, by far, that doesn't require the resources/expertise of a hedge-fund operator to actually execute on.

Nice! Posting first so you can be ridiculed to no avail once we break ATH. Of course, you are too much of a coward to come back once you get proved wrong yourself, just like all the FUDsters of your kind. This is why you are nothing, zero. You have no value.

You should not delete posts by NotHatinJustTrolling, just to prove my point right: Troll-FUDsters like this guy are only here when the price is low and magically dissapear when we are close to getting an high price again, because their whole existence revoleves around FUDsting, therefore if you eliminate the low price their lifes dissapear as well.


Like I said before, you will not come back so who cares? You will log in again with this account once we break ATH to comfront your own bullshit when you are proved wrong. Bitcoin is never going to die in your lifetime and it will get higher than we can imagine, deal with the facts.

This is very true. Bitcoin is very easy to get in on. No minimum deposit requirements, no credit or background checks. If you can figure out how to buy something on amazon, you can figure out how to buy bitcoin at circle or coinbase.

True but too bad we don't have the problem of the amount of people seeking to make an Amazon account translating into making Coinbase or Circle accounts thus adding to the demand around here. Buy and hold til then w/ maybe a little trading and lending in the mean time. ;)

I remember the most impressive bull quote: "This is bigger than Jesus"  ;D

I guess this is probably correct.  And for speculation it's certainly crucial that people can buy bitcoin easily.  However, what I'd like to see a lot more of is spending of bitcoin on everyday stuff.  That, IMO, would be the best for us in the long run.

^^ Not that they're mutually exclusive, but non-crypto industry salaries paid in BTC is what I want to see.

I really don't think that's going to happen in a long, long time, even after bitcoin reaches the moon.

With companies like BitWage it will happen much sooner than you think. It'll start with small percentages of income being paid in bitcoin, like the employees at Overstock opting in for.

Also with Bitwages partnership with credit cards it makes it even easier to spend your bitcoin wage at soon-to-be historic CC payment terminals :P

You can wet the bed, but please don't pee on my dream. Salaries paid in BTC would create a lot of buy pressure.

Why would anyone want to receive their salaries in bitcoin before it's certain that bitcoin is here to stay, and won't suddenly drop by 50%? And if someone did, they can always convert it themselves, would they really bother their employers to make an exception for them?

I really can't see it happening. Bitcoin becoming a mainstream currency might fuel cause some people/companies to deal mainly in bitcoin, but there has to be a huge incentive to do so in order for people to change. And most people simply don't do remittance or need to deal with foreign currencies all that often at all. Maybe a vacation a year, for a relatively well off family. There might be a decent sized market, but they can always buy bitcoin if they need it, there's no need to receive their salaries in bitcoin.

Just because a service to do something exists, doesn't mean people will use it.

Well, I would hope that in the 21st century--a global century--we would have some degree of freedom of currency rather than having it be mandated by some governmental entity and thus having it be a product of geography. Employers could ask which currencies employees want to be paid in, which is better than paying out in a default currency which could be automatically converted according to the employees' preferences, b/c the former causes the employee to stop and think about the matter and also doesn't require them to be savvy enough to use some sort of currency conversion means. Concerning why they'd want to be paid in BTC, I'm sure a lot of ppl would opt for BTC to be their currency b/c they feel that if the majority of their savings is in BTC format, they'll be richer in the long run. I understand what you're saying though. Perhaps the truth lies somewhere between your "realistic" ideas and my idealistic ones.

I mean I think what you said will happen, I just don't think it'll happen before bitcoin goes mainstream. Bitcoin going mainstream will be what fuels these events, not the other way around.

But hey, I'm all for anything that will catapult bitcoin to mainstream asap, so I can start eating wagyu and foie gras everyday :D So I'll be glad to be proven wrong.

There will be no slow and understandable rise. 
 
Last rise to $1k was individuals. 
 
The next rise will be institutions, and governments will be forced to capitulate. 
 
We are witnesses to one of the most historic moments in the human race, and we all have prime seats. 
 
It's a mistake to believe that bitcoin will be rationally priced as a fair percentage of the economy it represents...  What will happen is that irrational bags of meat will lose their fucking minds and drive the price of bitcoin to absurd values. 
 
And I'm already here, MJ popcorn gif style.

Exactly. We can rationally see that if bitcoin was used everywhere in the world then 1 bitcoin should cost 1 000 000$. however, people are not rational so they get greedy and drive the price 10x higher than it's real value is. I wouldn't be surprised to see 1 bitcoin costing 10 000 000$.

and a loaf of bread costing $50 000

Just like no one in 1990 would've believed that two decades later a share BRK/A stock would be trading at $217,000.  Bitcoin has the same potential, and the network growth to get there faster.

not necessarily, but probably. my point is that dollar does not need to inflate for bitcoin to conquer new heights.

Nice to find a thread where all bulls/HODLERS may begin to congregate.
Sick of reading trolls posting everywhere.

Indeed, if you don't own a decent stack of Bitcoins right now your future is going to be extremely boring. The only exciting thing happening in the economics worlds literally. All other stuff is extremely boring to hold long term.

Me too.  I find today's price decline to be liberating, in a way.  Like getting fired from a job & not caring a bit--you've already given up on life when Evo ran away with your dope money.
A perfect time for a party, would srsly cheer us up.

I'm all in. Not foreseeing an insane amount, but I think the next rally may see $1k, and maybe it's a reasonable price, though. Good to see a thread with bulls and bears. See you in the coming years.  ;)

               .---._
           .--(. '  .).--.      . .-.
        . ( ' _) .)` (   .)-. ( ) '-'
       ( ,  ).        `(' . _)
     (')  _________      '-'                  
     ____[_________]
     \__/ | _ \  ||    ,;,;,,                               [________]
     _][__|(")/__||  ,;;;;;;;;,   __________   __________   _| CCMF |_
    /             | |____      | |          | |  ___     | |      ____|
   (| .--.    .--.| |     ___  | |   |  |   | |      ____| |____      |
   /|/ .. \~~/ .. \_|_.-.__.-._|_|_.-:__:-._|_|_.-.__.-._|_|_.-.__.-._|
+=/_|\ '' /~~\ '' /=+( o )( o )+==( o )( o )=+=( o )( o )+==( o )( o )=+=
='=='='--'==+='--'===+'-'=='-'==+=='-'+='-'===+='-'=='-'==+=='-'=+'==+==

Best thread in the forum! :D

I only lived through one bubble. But do you remember the felling of waking up everyday and checking the bitcoin price? And having a smile on your face for the rest of the day?
And the night when it touched 1000 for the first time? I literally had popcorn!!!

I'm accumulating at these prices, fantastic bargain right now for long term holding.

edit: Although keeping a bit of dry powder for possibility of further price drops in near term

A winnar is you!

Good on you. I bought a couple of coins last February at around $230 and my coins are still doing good. Sold a couple of bits when the price reached $297 a couple of weeks ago and I'm here waiting again for a possible low. When it reached my favored price, I might as well buy another set of coins for long-term holding.

Choo choo!

Did this party die already? C'mon fellow permabulls, I know we can throw a better party than this!  8)

HODLLLLL

can you show us where at this chart we are right now?
that can make a lot of difference.

Super HODL Bros 64!  8)

I guess the party is still in the planning stages. But maybe there will come a day when it will really kick off. Be ready with your finest moonrocket images.

Price is now at 242, a slight decline after having maintained steady at 250 level for some time. But just a suggestion, maybe it would be more interesting that instead we aim at 1000 level, we could set a milestone in between something like 500, 750 and then only going to 1000. If we need to party, we need to party hard.

I'm in guys! ;D
http://synergy-athletics.com/wp-content/uploads/2009/01/bullstrength41.jpg

 :D

so we party all the way up?

$500 would certainly be a nice turning point. If we reached that, I'd start to feel very positive.

500 would feel really fucking good after what we've been going through.

Bitcointalk is back online! Woohoo!
Bullish  8)

Ha yeah, well count me in as at least a long-term bull. I think remaining bullish in definite and proven bear-markets is kinda stupid. You're just losing money that way. You're not helping Bitcoin. You can stay a long term bull and still believe in Bitcoin, but please just get out when the price is going down for a year or so :D

Bitcoin has a history of spiking up rapidly. I'm not interested in spending my life watching charts to be sure I catch the train.  The only risk I see is that of not owning Bitcoin :)

Not all of us want to be traders. To the permabull, HODLing provides guaranteed gains over a long term with minimal stress or effort required.

I'm saying "don't buy after an obvious bubble has popped". We've seen quite some bubbles now and a lot of people seem to be just too bullish to realize that we're first going down after a bubble has popped. Stay realistic is the key, I guess :)

No, but grinding your teeth watching the charts, hoping for the price to go up, right after a bubble popped is kind of self-loathing and doesn't make sense. Get in at half of the bubble-ATH and you're good, I guess.

are we in take off again right now?

All the bulls that like to ridicule people for not being bullish have probably costed newbies lots of $ in the last 15 months.  I think a lot of newbie investors probably would have sold a lot earlier if it wasn't for all the bulltards in the last 15-18 months on this forum.  I wonder how many people bought at 1000+ and still hasn't sold yet.

How much did you cost people on here in 2011 by arguing bitcoin was overpriced at 2 dollars? The price subsequently rose more than 500x higher.

If there is one thing we know on this forum, it is that your pathetic attempts at manipulation (when you are short) are to be ignored entirely.

It is much more difficult to rise 500-fold from $2 than from $200. I believe I don't need to explain that, right?
 

This isn't necessarily true. When it's very small, people will pass it off as a scam. Once it gets to a certain size, it kind of brings a sense of legitimacy to it. The difficulty would look somewhat like a parabola, which begins off extremely difficult, then becomes easier, and then gets harder again as it gets too big.

I wouldn't know at which point the parabola inflects, but it's really not necessarily true that it's easier to increase the less it costs.

You are right you don't need to explain that obvious and somewhat irrelevent point, no. Who exactly is saying the price is going to rise 500 fold from here? It can rise 5 times just to reach the previous ATH however.

Xiaoxiao has been thinking the price of bitcoin is going to fall dramatically since 2011 when it rose dramatically. He thought the price would fall dramatically after the subsequent two bull runs when it instead rose dramatically. Surprise, surprise, he now thinks the price is going to fall dramatically after having deflated naturally from the recent ATH.

Opening his mouth tends to cost those who listen to his 'thoughts' a lot of money.

He could be right this time of course. But I think he is a stopped clock, a contrarian signal who is probably bitter as hell that if he had just held the 1000 dollars he was playing with in 2011 rather than trading it he would be very significantly better off than he is now..

Exactly. And then when we reach that point a 10x rise takes us to 10k. And if we get there where does another 5-10x rise take us? Once those figures are reached anything is possible.

Woke up today, and remembered I owned a crap ton of bitcoin, along with Richard Branson and Tim Draper.

Realized life is good.  Then I brushed my teeth.  

Bullish.

Good for you. I can't hold as you can. But in the long run I think that bitcoin price is stagnant for too long. 2014 was a weird year Bitcoin has been on a roller-coaster ride, losing more than half its value last year.
It never happened before, as we have only growing trend going on. People noticed that too and now general bitcoin user is sceptical and as a result we cannot pierce even $300 wall.

Patience my fellow DOTA 2 player.

Good price to accumulate if you believe in the project.

1 person x $100 = 10 people x $10 = 100 people x $1

Same relative level of demand, just easier to get there with exponentially more people involved.  And the base awareness of bitcoin is growing exponentially even now as we speak.

This is why the next rise will be a tsunami.

That's not grinding you hear, it's excited chomping.

> kind of self-loathing and doesn't make sense
https://www.youtube.com/watch?v=pWdd6_ZxX8c

Are we going to the moon yet? I got some killer space boots ready to go.

http://i.snag.gy/0N4AH.jpg

Are you retarded? Why do you assume I was arguing bitcoin was overpriced at 2 dollars in 2011?

Yee haww! Here we go, finex hit 260! It's party time!

This is it my brethren, next week we will bring us 300+!!!

It's about time we got to 300 and stayed above.
Consolidating at 300 until the next really big news would be really good.

Maybe get to 300 by the end of next week & around July Gemini goes live & the COIN ETF gets approved.
That's my semi realistic hope.

Once we get to 300 we must hodl it as we never hodled before...

http://s29.postimg.org/v2jre8wdj/57543_Bitcoin_300_spartans_Stay_Stro_Vpch.png

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them financial ruin and a future as obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

How do you know the truth?

If you mean the future then your last few predictions proved totally wrong. Will you make another call for new lows then disappear whilst the price rises 30% again?

Will the price rises 30% after a 83% drop?

Aww so you're just trying to help people?

https://i.imgur.com/4Ci9Iou.gif

What predictions?

It's been a while since I made specific predictions. Last time I was talking about price specifically it was around $300.

If I said that new lows are coming I didn't necessarily say "right away" or without bulltraps first.

Cool gif.

But yes, I'm trying to show bitcoin's huge limitations to help new people make a more rational decision before dumping real money into this.

What's the alternative? "FUDding to get cheap coins?"

Lawl, inca blaming others for failed calls.

At least you tried, inca.  :D

Limitations? Have you ever developed your own shopping cart to sell something online and sign on up with a 3rd party processor who not only takes a % of every sale but also charges you $x per month, and sign up for SSL? With bitcoin you can set up your own webstore in a few hours, no 3rd party payment processors fees, no SSL, more money for the merchant, better prices for the people. But you're not for the people, are you?

 You can set up a "web store" to take Doge just as easily.  While you're at it, don't bother with SSL or even buying a domain name.
Set it up on TOR, as a hidden service, you'll have just about as much business :D

Really? You refute my point about crytocurrency convenience by suggesting I use a spinoff altcoin instead. A altcoin that was created after and only exists because of bitcoin? BTC FTW, maybe I'll flick a satoshi your way one day when your sleeping the street using a curb as a pillow.

Better prices for the people? What about volatility that screws everyone over?   http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1?r=US
And if you want to avoid volatility converting to fiat you still need a trusted third party and you need to pay fees.

Fees are usually for consumer protection, it's not because trusted third parties are evil. With bitcoin right now you don't have much fees*, but if something goes wrong and a hacker steals your private keys/coins, it's game over.

*fees are low now that miners print money are profiting from bitcoin's 10% a year inflation, wait for fees to skyrocket as block reward is reduced (even more hilarious since nobody spends/moves coins around, they just hodl them).

IIRC you have a habit of disappearing back under your bridge during price rises, too. :)

What about when volatility makes people more money? There are two sides to volatility you can't pick one side.

Consumer protection... right. Ebay charges you a fee to list your product, sell your product and paypal (same company) charges you to transact. It's not for protection, it's for profit. Want to buy that warranty for $100 extra? Warranties are another fake consumer protection used for profit.  Bitcoin protects consumers from shady companies that offer "free" trials and then continually pull money from their credit card after the fact, you can't pull money with bitcoin. Bitcoin is consumer protection. And if you are dumb enough to store your private keys on your webstore (when it's not requried to sell something), you are asking to lose your money.

You realize transaction levels are at record highs? Yup you're right nobody moves or spends coins.

Keep on trolling, we all appreciate your public service to "protect" people from the evils of bitcoin.

Since to move bitcoins around and spend them you need to be connected to teh internets, yes it's quite possible that a hacker steals yo' shit.
If that happens, transaction is irreversible, 0 consumer protection, your money is gone.
Plenty of stories of bitcoiners getting wiped out.

"Transactions levels are at record highs"?
lol no:

https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
http://www.ofnumbers.com/2014/12/19/are-there-changes-in-the-volume-of-retail-transactions-through-bitpay-this-past-year/


Bitcoiners hodl, don't spend/use it as a currency. Except for drug dealers, those are kinda forced to.

1. You seem to have a very weak memory (you should practice it in some senior-memory-training)
You forgot about your last ~1504390 false calls, but you blame others for their false calls. Furthermore you forget about that the dump3er is always there. I don't care about this weeny bounces, what results in point 2:
2. You call THIS rising prices???

My point is very relevant, as that is exactly where Bitcoin is atm. Bitcoin has proven to be successful experiment so far, bringing the price to three digit territory. Further growth requires substantial and really mass adoption, which we don't have at the moment (and we are quite from atm, actually). Maybe to be achieved in the future, but only under the condition of some really serious developments. Having said all that, I am not saying Bitcoin can't have another speculation bubble. Of course it can, but that would be rather the last one of that kind, after which there won't be much to fix.

Exactly! This can't go on forever because more and more people are getting the déjà vu moments and start profiting from it. I believe the greatest bubble is still yet to come.

Mass adoption is certainly not required. Bitcoin has been into 4 digits without it and can easily return there with investment demand alone.

Feel free to dig up those innumerable calls!? :)

My recent Bitcoin spending:

- monthly VPN subscription
- misc virtual servers / domain name
- ordered a neteller prepaid mastercard (and balance was available in 10 minutes, better than the bank transfer!)
- random donations, crowdfunding (find myself donating more since I don't have to give away email address or anything)
- drugs? ;) Nope, unless you count some Modafinil from an Indian pharmacy..

please re-read again my post #118, just above yours.
4 digits bubble was a speculation-driven Wally bubble.
This is possible to repeat, but if there is no real adoption and the growth is again purely speculative, that would do much more harm to Bitcoin than the previous bubbles.  

Don't forget $30 discount on $100+ purchase with bitcoin at Rakuten until 4/8!

Bitcoin will continue to see speculative growth in the foreseeable future.

It is not necessary for this to happen and will most definitely occur before we see any significant "real adoption" from consumer use case.

What is it that makes you Bitcoiners so dour & angry?
Were you all this unpleasant before buying into this BTCeanie BTCabies fad investing in Bitcoin?

Sure, but the consequences of bursting the next speculative bubble on Bitcoin, if such a bubble happens, may be devastating for Bitcoin's future both in terms of mass perception and literally. Meaning, Bitcoin would be then seen as very high-risk speculation asset with low liquidity and only as that, with no real interest from the bigger money (now at least we have rumours about such interest from time to time in the news).

Don't let the permabull party thread die already!
Permabulls are always bullish, even with low prices, hence the "perma".
Now who wants to permabull with me?

http://38.media.tumblr.com/tumblr_lhiotludFG1qcuhr9o1_500.gif

Permabull party is on hold until further notice

Didn't you guys get the memo? Some reputable analysts have been telling you guys for a while that the bear market is still underway. The trend is your friend. Don't fight the damn trend!!

Price will never again go above $400. It'll be in the double or single digits by January 2016.

thread for permabulls gets spammed by permabears and trolltards, did not see that coming  ::)

Perhaps we could utilize this thread as counter indicator of sentiment. Once it is dead and buried, it will be time to buy and hold again.

Let's be honest here guys.... is bitcoin really going back $1000+ again?


It's been over a year of bear market, it's hard to keep the optimism up.... but maybe that is the test

One year of a thousand+ year lifespan for this utility/technology. The market is being pushed down because institutional investors are preparing to pounce.

4 billion is chump change to Wall Street, too easy to manipulate. Wait and buy at 200 if it dips there, is my best guess.

Due to the fact Bitcoin is limited in supply.. Many many people are going to lose a lot of wealth while a few gain an insane amount.

Problem is that Bitcoin bulls are extremely "perma" and their bullishness only increases with declining prices. Actually, in a Bitcoin permabull, lower prices evoke euphoria to buy more coins even cheaper that will inevitably be worth much more in the future.

So your proposal to use this thread as a counter indicator won't work - instead you should always expect more activity here with declining prices. You can expect less activity only with increasing prices, because this scenario is boring old news for a permabull.

ya.ya.yo!

I'm kinda surprised there aren't more. Reverse psychology, this thread was supposed to catch all the bears for posterity. Maybe it was too obvious.

So noobs can dig it out in a year or two and see that the bears were right all along? Kinda blew up in your face, eh?

This is one dull party atmosphere...

Woohoo, bitcoin is on sale!! permabull rage buy dance!
https://i.imgur.com/2XrfVOB.gif

All instances of 'Bitcoin' can be replaced with 'silver futurists' in your statement, and would hold 100% true.  Identical cult reasoning/psychology.

Bitcoin wins.  Period.
 
It is the ideal solution to a very complicated n-person game theory problem.  It perfectly balances human greed vs. growth, and as I have said before: is the equivalent of a financial virus that is destined to take over the world. 
 
Worrying about bitcoin at $220 vs. $280 will seem absurd in the future when the bit reaches US cent parity and bitcoins are worth $21,000 each. 
 
This topic will be hundreds of pages long, and people will refer back to this comment and laugh and say, "Holy shit, that guy was right!" and it is obvious in retrospect as it should be obvious in reverse-retrospect (FUTURESPECT)  :o. 
 
Bitcoin is about $200.  The day will come with it will be $2000, and $20,000, and yes... $200,000 and $2M.  It's all a matter of time and rate.  I can't predict that....  all I know is that the limit of this function, starting at zero is one.  And one is total global domination. 
 
I'm not a perma-bull. 
 
I'm a rational observer of one of the greatest triumphs of mathematics in the history of our civilization. 
 
And it should be just as obvious to you what will happen.  Let the plebs argue about whether numbers on a computer are worth absurd amounts of value.  We know the truth. 
 
That's right fuckers.  It's April 14th, 2015!  Bitcoins cost $220 each... that's a million bits in future speak.  That's two-hundredths of a cent per bit... that means that every U.S. cent will buy you about 45 bits, and every dollar buys about 4,545 bits.... that's crazy to think about, huh? 
 
4,500 bits for a single U.S. dollar.  I'll bet you wish you could come back to now, knowing what you know now, huh? 
 
But don't be mistaken.  The atmosphere now at the bottom of this latest crash is toxic as hell.  Paid trolls and bears are everywhere.  Anyone who buys bitcoin is shunned and ridiculed... it's not a celebration: far from it.  And yet, some of us know. 
 
Some of us can see through the FUD to what will happen. 
 
Look me up.  I'll probably be throwing some pretty kick ass parties by now.

@americanpegasus

Sorry, while I agree bitcoin has potential, and could eventually be worth 5 or even 6 digits, you can hardly call yourself a "rational observer" lol... just look at some of your other posts/threads.

And for sure I'll care whether I got in at 280 or 220 when bitcoin is 21000. It's the difference between a 9500%+ gain vs 7500% gain. That's quite a difference.

The future hasn't happened yet, Mr TrollinU ;)

Is it a good time to resurrect this old thread? Finex keeps hitting new highs all day. I haven't seen this much positive movement in a while.
Party time!!!!

last chance to buy under $300. I'm seriously , you guys.

Yes, the beginning of the middle of the beginning has begun!

meh, I think we need a few weeks of steady rises before we can really get excited... we've been kicked in the face too often.

I also wonder if much can happen until some schedule for solving the blocksize drama is sorted out. Though perhaps most people aren't even aware of it.

how on earth did i miss this thread completely ?

great one, xdan

i might add that this ending down trend has been brutal sometimes. i went all in in the summer of 2013 and by the end of november of that year i thought i was a smart smart fucker. and did not sell any. and laughed at those who did.

being overexposed was sometimes a bit nasty.
 
now that this downtrend could be over i will try to look at it as mr mujica looked back at his 13 year imprisonment.  he said it was helpful to form his character.


resurrect the btc1k party thread...  hm..      let´s see...  

We are going to be soooooooo rich.

We are green 4 weeks in a row. That hasn't happened since the last bubble in 2013, so it's been 1.5 years! First time ever in that period of time we are in green 4 weeks in a row. The winkelsweeds are silent because they have actually completed their ETF and exchange and now they are waiting for the media attention directed towards bitcoin which will soon happen due to the beginning of the next bubble. When that happens, the twins will announce their ETF and amplify the bubble even more. All critical events will happen at the same time when it is the most critical time for the critical events to happen.

You are right!
I am a perma bull, but I must say, I am so afraid of being hopeful now... :/

I wish I could have a magic ball and peek into two months from now!

Maybe the meaning of "bubble" has some special connotation in the speculation section of bitcointalk.  But if I understand bubble correctly then I wouldn't be wanting another bubble if I'm a permabull.  The bubble implies that things are overvalued and they'll have to correct again soon.  What I'd like to see is not "another bubble" but a steady and real valuation of bitcoin at a higher price. I definitely don't want another ride to a huge price and then a crash, that causes more harm than good, in my opinion.

That is how markets work--huge ride up, then downward correction. Or, huge ride down, upward correction. Bitcoin's growth will be dominated by speculative bubbles just like every other market, ever.

Like I posted on another thread, if this is WAVE II that is ending, then the top of WAVE III will be at around $120k/Bitcoin. If this comes to pass, there will be a transfer of wealth into Bitcoin the likes of which humanity has never experienced. As technological development advances,  and hits the proverbial knee of the curve in the 2030's, the purchasing power of a Bitcoin will rise to heights unimagined - Probably on the order of tens or hundreds of millions of dollars in today's money. Even 1 Billion USD/Bitcoin in purchasing power (and beyond) are possible. The value of Bitcoin will represent the future growth projections of the Human/Machine civilization which will be rapidly expanding into virtual worlds and virtual economies as large as those we see today from G1 nations.  

so.... you guarantee i'm gonna be rich?

That seems like a huge blanket generalization which obviously can't be true.  Every. Other. Market. Ever???

Surely there are and have been markets with movements other than "huge".  I hope you're not correct that the only think that can happen is large speculative bubbles.

Well its going to be always true that there's fluctuations.  Some large, some small.  When a fluctuation becomes a "bubble" is subjective.

Godamit, now I'm hard.

Anything near that dollar amount would unsustainable for a long period. At least anytime in the next 10 years when block rewards will still be at least 3 BTC per block. Could you imagine in 2025 when rewards are 3 BTC if it were $120K per BTC or $360,000 every ten minutes, that's $51 million dollars a day that would have to absorbed. I just don't see that type of value happening, at least not until 20+ years from now.

Did GLD help gold? I am afraid of a fake paper pyramid being built on a top of a real asset like bitcoin.

$51 mil a day is NOTHING, less than half a million of AAPL shares while there are more than 5 bil of those (so, 1/10000 of AAPL shares-a single stock).
Incidentally, 44 mil shares of AAPL traded today-$5.5 bil (100 times more $$ than you describe).

$51 mil has as much volume for market as an ants fart in the forest (well, maybe rabbits).

Very interesting, I did not know that.
Well that's good some people think it's possible. I'm not opposed to the idea but it just seems like such a large amount compared to the current daily inflation rate.

we went over $300 today. since the worldwide amount of fiat is ever increasing and since the amount of whole bitcoin is fixed, it is not entirely impossible that a mechanism will start to take place that sucks in all fiat and sends it through the bitcoin economy. if bitcoin rises and rises, ( & rises and rises) everyone will convert their fiat.

shares of companies have limits. a new monetary paradigma has no such limits.

at that point bitcoiners would literally own an impressive chunk of... the world... 8)

this should be the bitcoin honey badger rally song: https://www.youtube.com/watch?v=01MRCQ8Q4Cw

http://s7.postimg.org/5uozm3k6z/image.jpg (http://postimage.org/)

reminds me of the 2014 bitcoin performance

Well dude, sometimes you eat the bear, sometimes the bear eats you.

http://cdn2.screenjunkies.com/wp-content/uploads/lebowski_bear.jpg

^^the guy driving falling. Ha ha ha watched it over and over ha ha

Drop below 300 has little to do with Greece imo. 

I sure would like to see BTC go like LTC stupid in a pump like a week or so ago :)

(I so love a good love story ..such a sap I am) :)

Instead BTC acts like on even the next bit of even the 'mildest' of bad news ...it wants to run back to Momma at around 250 usd :)

damn it BTC 'MAN UP" already..you can pump and dump like LTC just put your mind to it :) I would prefer more pump then dump howerver :)

True, it does. But consider the inflation rate in 10 years. the stock to flow ratio will bigger than gold's

Just wait a bit once Greece goes on overdrive after it's clear what's already obvious by anyone with a brain: That Greece is on a dead end and can't pay the debt, and they will eventually abandon the eurozone (lets remember they cannot be kicked, but they can be "pushed").

Money As Trains:

Fiat (obsolete):
https://acb26d91ffd70289a984-9fe58673bddbc058b8f0b77e0094f82c.ssl.cf2.rackcdn.com/a26a1c3d85c985c7be15082d44019d65.jpg

Bitcoin, as conceived by Satoshi Nakamoto:
http://www.voyageronline.com.au/wp-content/uploads/2013/04/Aerowagon.png

Bitcoin, first implementation:
http://strangevehicles.greyfalcon.us/Pictures/z1.jpg

Bitcoin today:
http://slovovolyni.com/admin/files/images/news/4885_5.jpg

Bitcoin, in Two Weeks:
http://weblog.bezembinder.nl/316-330/schienenzeppelin.jpg

Bitcoin, roadmap (to space and beyond):
http://farm1.static.flickr.com/126/354623525_c92477eee3.jpg

The bulls just went on vacation after that massive run. After that they need to recover from their hangover's and divorce their new hooker wives. Once all that is cleared away the bulls will be back for another. Things are just getting started.

If you think about this thread is nonsense. It should be bull party forever, or at least while 1 BTC stays under 1K. Anything that's less than 5 figures BTC = cheap as fuck BTC for any long term investor. Do not agree? enjoy your lack of long term vision.

Why 1k?  I bought when BTC was over 1k, and to this day think I got a great deal!
Who cares that I've lost three quarters of my money, it's all good :)

I read that the banks open again in greece tomorrow.  We will see if there is a run or not.  Me, if I was in Greece, I would take every last penny out of the banks.  I don't know if I would put it in cryptos, but f**k those bank bastards I would stick it in my pillow.

Now is the time to resurrect this thread.

If all the americans here don't donate to Rand Paul for Pres then shit is hopeless. randpaul.com is the way, I've done it.

are we at $1000 yet?

I thought the first bump was supposed to happened at $1000, you're a bit early.

i love the fact this graph has been destroyed by the btc graph

No it hasn't.  If anything this has been proven.  We just saw greed pump up to $500 and despair as it fell below 300.  Now it reverted to the mean.

Surely this thread needs bumping due to being above $500 and staying above $500.

This thread was started right around the time I joined this forum and right before I actually bought any bitcoin.  Can't believe the price was $250 then.  Anyway it's nice that we've doubled since then, but this was supposed to be bumped at 1000.  I'm thinking that's going to be a while but I'm hopeful.   I'm a believer that the halving is priced in, but you just never know.

TFW we're actually still in the stealth phase.

For the first time I disagree with you, zimmah.

A lot of people now are aware of Bitcoin, we are in the Awareness phase and we will enter the mania phase once the block size debate is solved and a new ATH is formed, watch for the FOMO here and the sky is our limit.

1st bump

See y'all at $10K :D

+1

Now let's desecrate the corpses of the fallen bears. Feels good to still own a large amount of 5$ bitcoins.

Hear Hear!
See you at $10 buddy. HODL strong my fellow bulls, this is only a small step on our journey towards riches.

^^that "k" missing changes your post somewhat...

Aye boys, happy new year!  Came here expecting this thread would be bumped, was not disappointed. 8)

Very much so lol. We'll never see $10 again but 10k next year right ;)? I can't believe how great of a year it's been. I couldn't imagine how the very early adopters must feel when they bought at a buck or two. Damn what was I doing in 2012!?

So, uh, 2nd bump. See you all at... $100K, maybe? ;)

(maybe I'll bump at $50k too)

I guess with all the euphoria now it's hard to understand the reasons of my original post when the price was around $250. But at that time it was a bear market, the forums were full of people saying Bitcoin was dead and will never recover, etc etc. I guess they were wrong, huh  :D

can't believe I used to talk like this
although what I told there back then paid off really well  8) 

how is you Bcash doing?