Bitcoin Forum

Economy => Speculation => Topic started by: Amitabh S on March 24, 2013, 06:31:08 PM



Title: Looks like we are going to hit 1000 usd this year
Post by: Amitabh S on March 24, 2013, 06:31:08 PM
With the recent screwps.. Cyprus, Chase bank, etc. and so many new adopters, it looks like we will cross 1000 this year, a couple of years too soon in my opinion.. And im not complaining :D


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: ehoffman on March 24, 2013, 07:38:06 PM
Hmmmm...  Transactions in micro-BTC getting the norm :)  Smell lovely!


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: proudhon on March 24, 2013, 07:44:00 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

http://i49.tinypic.com/292p6ye.png


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: keewee on March 24, 2013, 07:45:22 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

pic

Now that's gotta be worth quoting. Although I tend to agree with you on this one


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Richy_T on March 24, 2013, 07:53:31 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.



You may want to put an upper limit on that ;)


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Dargo on March 24, 2013, 07:54:43 PM
Whoa cowboy, let's take it one step at a time. Next step is over 75, see how that goes and maybe we can start thinking about 100.  


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Xian01 on March 24, 2013, 08:51:54 PM
it looks like we will cross 1000 this year, a couple of years too soon in my opinion.. And im not complaining :D

I would like whichever drugs you are on. Mine don't seem to be as good as yours.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Jaw3bmasters on March 24, 2013, 09:09:59 PM
Must be a typo...OP probably meant $100.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: malevolent on March 24, 2013, 09:13:22 PM
Must be a typo...OP probably meant $100.

Twice? in the title and in the post.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Richy_T on March 24, 2013, 09:20:43 PM
Must be a typo...OP probably meant $100.

Twice? in the title and in the post.

So $200 then?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: BTC Books on March 24, 2013, 09:46:02 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

pic

Now that's gotta be worth quoting. Although I tend to agree with you on this one

I know, right?

Agreeing with proudhon makes me feel... shit.  There's not even a word for it.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Aztec on March 25, 2013, 02:05:11 AM
Must be a typo...OP probably meant $100.

Twice? in the title and in the post.

So $200 then?

Heh


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: zif33rs on March 25, 2013, 02:08:14 AM
And so that begs the question...what will you do if it does?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: BitPirate on March 25, 2013, 02:10:26 AM
And so that begs the question...what will you do if it does?

Wait for 10k


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: deathcode on March 25, 2013, 03:44:14 AM
And so that begs the question...what will you do if it does?

Wait for 10k
300 by end of year


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: jl2012 on March 25, 2013, 05:08:11 AM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.


Didn't you sell all your bitcoin at $10?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Zotia on March 25, 2013, 05:26:34 AM
Anyone want to bet on it?

http://betsofbitco.in/item?id=1402


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: goxed on March 25, 2013, 06:20:39 AM
Anyone want to bet on it?

http://betsofbitco.in/item?id=1402

Yeah, if USD is no longer the reserve currency.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: oOoOo on March 25, 2013, 09:22:13 PM
threads like this are typical at bubble peak


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: mb300sd on March 25, 2013, 09:29:59 PM
threads like this are typical at bubble peak

There has been one bubble peak in the history of bitcoin. typical > 1


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: oOoOo on March 25, 2013, 09:35:55 PM
threads like this are typical at bubble peak

There has been one bubble peak in the history of bitcoin. typical > 1

yeah, because bitcoin is the only thing that has ever bubbled in financial history  ::)


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: justusranvier on March 25, 2013, 09:43:54 PM
Since Bitcoin started being traded at Mt Gox it has increased by an average of 6.8% per week. Based on that the exchange rate should be around $300 by the end of the year.

Since the beginning of 2013 the exchange rate has increased by an average of 15.4% per week. Based on that the exchange rate should be around $12000 by the end of the year.

My guess is somewhere in between those two numbers.

Edit: It helps to look at the right line on the spreadsheet.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Elwar on March 25, 2013, 09:46:57 PM
For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!


It has not done that since...hmm...what is $75 divided by $4 (price this time last year) * 100%?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Amitabh S on April 02, 2013, 08:55:30 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

http://i49.tinypic.com/292p6ye.png

Just quoting you in case you delete your post ;D


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Crazy on April 02, 2013, 09:05:32 PM
For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!
$114 -> $1000 is 777% increase. No?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: deathcode on April 02, 2013, 09:08:15 PM
For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!
$114 -> $1000 is 777% increase. No?

Although possible, I do not think we will hit $1000 this year. And I'm one of the biggest bulls here.
I do think that U$S300-U$S500 is very possible.
I believe the rate of speculators will decrease overtime and the coin will start to get used more and more as a trading currency.





Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Crazy on April 02, 2013, 09:11:33 PM
I don't either, I was just pointing out the math was wrong. I've corrected 2 or 3 people on percent increase mistakes. Ironically, they're also all bulls dumping money into a speculative bubble. Perhaps based on bad math? Go figure.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Amitabh S on April 02, 2013, 09:16:02 PM
I know, even I'm not that optimistic. But I expected Proudhon to give 1 BTC anyway, so I speculated it ;D ;D ;D ;D



Title: Re: Looks like we are going to hit 1000 usd this year
Post by: deathcode on April 02, 2013, 09:25:46 PM
I don't either, I was just pointing out the math was wrong. I've corrected 2 or 3 people on percent increase mistakes. Ironically, they're also all bulls dumping money into a speculative bubble. Perhaps based on bad math? Go figure.

That being said... you never know man... Lalzo paid 10,000 for a pizza less than 3 years ago... :) BTC @ 0.0025
who's to say that you wouldn't be able to buy a few houses in three years with that amount of BTC? :)


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Crazy on April 02, 2013, 09:28:55 PM
Well if I were to buy something today, the service provider would get shafted if the value crashed. So that's a two way street.

Anything is possible, you're definitely right, but I don't think that's likely. I think I saw it would take $3.2M in new capital to get to ~$220/BTC. I don't see that happening anytime soon, and once the new money dries up, all the speculators will get bored with holding what they can't spend, see a slow (if they're lucky) descent to more reasoned pricing, and jump on the sell bandwagon.

I'm a long term bull (defined as probably 5 years*), but short term I'm bearish for obvious reasons I guess.

* A major collapse would change this, possibly destroying BTC in the process.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Richy_T on April 02, 2013, 09:30:40 PM
I agree that 1k is not likely but... Well, who knows what shenanigans governments will get up to next. They're out of money and can't print their way out of more. What happens when they start plundering retirement funds?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: deathcode on April 02, 2013, 09:32:30 PM
Well if I were to buy something today, the service provider would get shafted if the value crashed. So that's a two way street.

Anything is possible, you're definitely right, but I don't think that's likely. I think I saw it would take $3.2M in new capital to get to ~$220/BTC. I don't see that happening anytime soon, and once the new money dries up, all the speculators will get bored with holding what they can't spend, see a slow (if they're lucky) descent to more reasoned pricing, and jump on the sell bandwagon.

I'm a long term bull (defined as probably 5 years*), but short term I'm bearish for obvious reasons I guess.

* A major collapse would change this, possibly destroying BTC in the process.

3.2M is not that much money considering the market capital is 1 billion, also there are 8000 accounts on MTGox pending verification (given that could be to withdraw money also) but anyways.
wall street moves 4 trillion a day. 3.2M is a particle of water in the ocean (not even a drop)


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Crazy on April 02, 2013, 09:38:02 PM
So what's the hold up?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: MiracleRiver on April 03, 2013, 01:01:12 AM
Sign me up for $1,000 USD by the end of the year. I think that's an easy figure.

There are an endless list of folks who will/are buying big time - including all the rich Silicon Valley lot who can see the potential and are now developing apps etc.

How about more like $5,000?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: jhansen858 on April 03, 2013, 07:27:36 AM
We have gone from 33 to 140 in 30 days.  if we increase at that rate for 12 months it will be at over 1200 in 12 months time. but I think it will happen sooner.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: ninjaboon on April 03, 2013, 07:43:40 AM
With the recent screwps.. Cyprus, Chase bank, etc. and so many new adopters, it looks like we will cross 1000 this year, a couple of years too soon in my opinion.. And im not complaining :D

I see USD 100K per BTC in 2023.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Amitabh S on November 27, 2013, 02:14:36 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

http://i49.tinypic.com/292p6ye.png

Time to necro another thread :D :D

BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt 


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: porcupine87 on November 27, 2013, 03:02:45 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

http://i49.tinypic.com/292p6ye.png

Time to necro another thread :D :D

BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt 


I will send him 0.0001, if he sends it to you :)


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: proudhon on November 27, 2013, 03:16:52 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

http://i49.tinypic.com/292p6ye.png

Time to necro another thread :D :D

BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt  


My past self was a real shit sometimes.  Give me some time, I only have ~0.75 in an online wallet.  The rest is offline, and I'm at work.  Might just buy ~$300 more so I don't have to dip into the offline wallets, unless somebody wants to chip in ;)


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: xxnewbiecoinerxx on November 27, 2013, 03:33:57 PM
Long term, it might have been one of the biggest bets in history.  :D


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Heutenamos on November 27, 2013, 03:40:23 PM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

http://i49.tinypic.com/292p6ye.png

Time to necro another thread :D :D

BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt 



Nice, just a reminder: never say never
So it is $1000 just for a prediction, nice!
I might start $100,000 for next year  ;)


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: piramida on November 27, 2013, 03:47:59 PM
My past self was a real shit sometimes.  Give me some time, I only have ~0.75 in an online wallet.  The rest is offline, and I'm at work.  Might just buy ~$300 more so I don't have to dip into the offline wallets, unless somebody wants to chip in ;)

Past sins always come haunting you back :) Giving some guy on the interwebs 1000$ that's something I wish all of the doomcallers on this forum would do! I like this new economy.

PS I'm actually surprised you still work :) Just for fun?


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: BadBear on November 27, 2013, 03:48:25 PM
Poor proudhon.  ;)


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: proudhon on November 27, 2013, 03:52:28 PM
Long term, it might have been one of the biggest bets in history.  :D

I doubt that, but I won't be betting on it.  I've learned my lesson.


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: amihh on November 27, 2013, 03:53:32 PM
Nice!
I'm so glad I convinced my brother to buy some bitcoins in the past few days.
Still trying to explain others in my family and friends circles that this is a rare opportunity.

Soon people will talk more and more about mBTC, it's like a stock split but a major one, 1000:1
If it reaches $1500 soon, I will start selling some in the hopes of buying back when it crashes back down to below $1000.

Interesting times ahead!


Title: Re: Looks like we are going to hit 1000 usd this year
Post by: Amitabh S on November 29, 2013, 08:38:10 AM
I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

http://i49.tinypic.com/292p6ye.png

Time to necro another thread :D :D

BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt  


My past self was a real shit sometimes.  Give me some time, I only have ~0.75 in an online wallet.  The rest is offline, and I'm at work.  Might just buy ~$300 more so I don't have to dip into the offline wallets, unless somebody wants to chip in ;)

Hey Proudhon, any ETA on the 1 BTC?  :)
I can pitch in 0.0001 btc for covering the tx fee :P