Bitcoin Forum

How about double digits for a little while, I already miss those cheap coins :)

Waiting for proudhon to switch from "we will see single digits soon" mantra to "we will see double digits soon" one. That would mean we can run up to the next stop - four digits, baby.

LOL....   my own prediction of single digit btc again this year is seeming less and less likely.  But yeah we'll see double digits again...  right?   sigh...

since bitcoin moves about 20-30% in the flash-crash panics, once we rise above $140 I think double digits are gone, at least until fundamentals change...

Rises over $90 have been on very little volume. It wouldn't be very surprising if we went back there.

Pretty likely.

In the last month, there have been three flash crashes of 20% or more. Right now, such a crash would easily put us back into double digits, if only briefly.

No, we won't see double digits again. Bitcoin is still unbelievable underpriced. The price should be AT LEAST 1000 $/BTC.

The next flash crash can still take us into single digits. Even if we hit $120 a 20% flash crash takes us back down to $96.

I believe you have misspoken sir. $96 would be considered double digits.

We will see single digits again, the question is when.

Tin foil hat comes on when I see this kind of action. I wonder how much it would take for someone to bid this up to the point that all eyes are on Bitcoin, and then just crash it to the ground for everyone to see. That would be a surefire way to discredit Bitcoin for years, if not decades. And how much would such a show cost, particularly to someone who can print it without regard?

I know exactly when - when mBTC become the main traded denomination :) Not earlier than that, sorry.

Doubt that BTC will ever be valued in double digits anymore, we're passed the triple digits and nobody wants to go back.

 "Bitcoin prices have reached what looks like a permanently high plateau."

Your definition of a plateau is fucked up.

I agree...a high plateau like this:

http://www.ii.uib.no/~petter/mountains/1500mtn/Madeira/4111_plateau.jpg

Yes. Right now we've stabilized at $115. As scheduled:

Yep

nope

BTC China just hit $137.. almost vertical on their chart.

It just keeps going higher and higher...

I'm thinking the correction / swing this week will be pretty big. I got out at $113.50. Have I lost some opportunity? Yeah. On the other hand, I made six times my initial investment in less than 2 months.

Sure beats the hell out of the.25 percent I'd get if it were in a bank!

Yeah, I got out too a little too early. Oh well, maybe it will crash really low... just maybe.

I got out at $113.89 with 1/3 rd of my stash. We will get back in by Saturday under $110. Just might make a run up to $150 tomorrow first. BTC China just hit $145.

If there is that much of a spread, why not use LR for arbitrage?

Good point!

Even after I translate the site half of it is still in Chinese :(

Doubtful, MtGox just recently had to employ 3 more fulltime staff (ontop of existing 4) to verify new trading accounts, the verification queue is still large.

You see the perception of bitcoin is polarised, people are either really bullish for it or really bearish, people signing up for a trading account tend to be bullish.

This means a whole new wave of optimistic traders are entering now, their expectations driving price.

Some will only be signing up to hold and speculate, thus reducing availability and further driving price.

And so we have just entered the third exponential phase, this will take us up to the high hundreds.

I would love it to drop <100 so I can buy more, but I really think the fuse is lit.

I'm thinking you are correct!

I wish it would drop lower for a while, my wife is just about to get an account verified with MtGox (hopefully).

She'd like to dabble in daytrading BTC and obviously I'd like her to buy in as low as possible.

But it's crazy, all signs point to UP! Mainstream news coverage has driven the massive interest in the last week.

Great, now on the fast way to 1000 $   :D :D :D

Yes, it's finally official - no more double digits. Thanks proudhon. Please never turn bullish.

EUR dropped to 97.26 briefly today.

Proudhon is a contrarian indicator - or was, back when he put some effort into it.

But chodpaba is a horse of a different color...

You'll see double digits when you're counting mBTCs :)

+1

It's looking unlikely after this failed dip.

BUY BUY BUY!

returning to normal!

LOL

Proudhon has abandoned single digits and is now hoping for double digits ;D

Proudhon's predictions are indistinguishable from his wishful thinking.

Unbelievable underpriced. Right.

I wonder if proudhon bought yet  ::)

These are very cheap coins right now. Thank MtGox's incompetence for this opportunity to buy in the high double digits.

Let us know at which price you did buy. Unless you fear to be ridiculed later.

And pretty soon too. I had thought the decline would be somewhat slower.

The lesson is once again that when the bubble bursts it is difficult to impossible to trade before the price sort of stabilizes at a much lower level.

Fortunately we knew this in advance. If I wanted to blame myself, the only fault was that I still underestimated the stupidity of the trend followers. But bubble peaks are notoriously difficult to predict with any precision.

My most expensive coins were priced at ~$141 and the cheapest were ~$8 or mined.

Your point?

Maybe you are one of these buying always at the very lowest and selling at the very top (= liar).

It's time for the believers. Day traders can go die in a fire  ;D

Signs point to $30 very soon

At least you have the courage to tell others your position (i.e. to put your money where your mouth is). Most bulls here don't, they only spam the forums about how wise they are and how dumb the bears are.

I am neither. I believe that Bitcoins will be successful, but I also believe this has nothing to do with its price. They will be successful at $1 and at $1000.

I like this statement. I believe this also. Bitcoin is the first independent, international, digital currency. This grand idea will not go away again. Even if bitcoins outlive themselves, something similar, better will take their place.

That said, I still think we need some good speculators to dampen the price movements, in other words, buy low and sell high. We need them to throw out the many idiots who are damaging bitcoin's reputation. The money simply flows from the pockets of the destabilizers into the pockets of the stabilizers. It always does that.

Today or tomorrow will be probably a last time to buy in a double digits. Even if/when there will be future crashes, it will probably never crash below what happends yesterday.

Pretty sure I've read this before. :D

bitfloor is back to triple digits. That didn't take long at all

Well I might be sometimes wrong in a short run, but it is the long run that matters.  ;) And I think that it has never looked better in a long run for BTC. When people just understand that BTC is digital gold, not digital dollar they will also understand volatility better.

And MtGox which is what matters currently doesn't seem to much want to break past $90.

Will we see triple digits again is the new will we see double digits again.  :D

I'll buy again when it looks like the bottom is in.  It isn't.

Let me guess, the bottom is $2 right  ::)