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Title: We wont be seeing 1000 this year Post by: thedarksun on July 28, 2014, 12:32:04 AM I am right so far. This is not the year of Bitcoin, and not any other altcoin's either.
Most coins on btce are at 1 dollar and about to breach 0,X. I think we will see BTC at 500< for the rest of the year. Maybe more interesting stuff will happen enxt year? Title: Re: We wont be seeing 1000 this year Post by: Traffic4u on July 28, 2014, 12:37:09 AM I didn't know about other altcoin, but I hope the price will never less than $700 in the end of this year.
Title: Re: We wont be seeing 1000 this year Post by: Benjig on July 28, 2014, 01:17:13 AM Maybe this year will be a slow year for bitcoin, however, this calm of rightnow doesnt mean it will be like this all year.
Title: Re: We wont be seeing 1000 this year Post by: statoshi on July 28, 2014, 01:29:17 AM No one knows the future, but predicting that the exchange rate of bitcoins will remain stagnant for 6 months is the most outrageous prediction that one can make.
Title: Re: We wont be seeing 1000 this year Post by: beetcoin on July 28, 2014, 02:42:36 AM No one knows the future, but predicting that the exchange rate of bitcoins will remain stagnant for 6 months is the most outrageous prediction that one can make. he isn't saying it will be stagnant. he's just saying that it won't reach 1,000. that's not the same thing. Title: Re: We wont be seeing 1000 this year Post by: Bobsurplus on July 28, 2014, 02:46:30 AM are you willing to put some money where your mouth is?
Title: Re: We wont be seeing 1000 this year Post by: Torque on July 28, 2014, 02:47:16 AM I am right so far. This is not the year of Bitcoin, and not any other altcoin's either. Most coins on btce are at 1 dollar and about to breach 0,X. I think we will see BTC at 500< for the rest of the year. Maybe more interesting stuff will happen enxt year? So why should anyone care what you think? Are you a wizard? And yes I agree with Bobsurplus, care to put your money where your mouth is? Title: Re: We wont be seeing 1000 this year Post by: r0ach on July 28, 2014, 04:48:15 AM Your post includes zero reasons why the price isn't going up. If you want to know why, all you have to do is read the following paragraph:
The current Bitcoin model is already an obvious failure while people walk around in a delusional state pretending it isn't. It's advertised as requiring "no trusted 3rd parties", yet the entire thing relies on them in the form of a small number of mining pools for block verification. Since Bitcoin never solved the "no trusted 3rd parties" dilemma, it's time to admit that and come up with a solution, most likely assign a performance metric to regulate those parties (i.e. PoS with reputation variable). Unless every single iota of Bitcoin dev manpower is redirected towards the solitary goal of getting rid of mining pools, they're operating under the textbook definition of insanity. Title: Re: We wont be seeing 1000 this year Post by: falllling on July 28, 2014, 04:49:46 AM Your post includes zero reasons why the price isn't going up. If you want to know why, all you have to do is read the following paragraph: The current Bitcoin model is already an obvious failure while people walk around in a delusional state pretending it isn't. It's advertised as requiring "no trusted 3rd parties", yet the entire thing relies on them in the form of a small number of mining pools for block verification. Since Bitcoin never solved the "no trusted 3rd parties" dilemma, it's time to admit that and come up with a solution, most likely assign a performance metric to regulate those parties (i.e. PoS with reputation variable). Unless every single iota of Bitcoin dev manpower is redirected towards the solitary goal of getting rid of mining pools, they're operating under the textbook definition of insanity. crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k) + https://www.ethereum.org/ Over 8000 bitcoins is being held by this new project. As long as there are more investors, price of bitcoin will keep dropping due to cashing out. Title: Re: We wont be seeing 1000 this year Post by: r0ach on July 28, 2014, 04:52:08 AM What you listed is not as big of an issue as the entire top down protocol being busted. We have mining pool owners on the Bitcoin dev team, no wonder they are doing nothing to get rid of mining pools, the #1 core problem of Bitcoin. The wolves, snakes, whatever the fuck are in the hen house so to speak.
Title: Re: We wont be seeing 1000 this year Post by: ThomasCrowne on July 28, 2014, 06:38:07 AM Maybe this year will be a slow year for bitcoin, however, this calm of rightnow doesnt mean it will be like this all year. lmfao. Your joking right? A slow year for bitcoin price perhaps but to say it's been a slow year for bitcoin is really funny to me.Title: Re: We wont be seeing 1000 this year Post by: beetcoin on July 28, 2014, 06:43:03 AM are you willing to put some money where your mouth is? if he is, he could use betmoose.com or predictious.com to wager his coins. Title: Re: We wont be seeing 1000 this year Post by: notserp on July 28, 2014, 06:48:57 AM its only alittle over half the year long time more to go
Title: Re: We wont be seeing 1000 this year Post by: TheNewAnon135246 on July 28, 2014, 08:35:33 AM People said the same thing before the price went up to $1,200. Dell started accepting bitcoins, which is pretty positive news. If more big companies start adopting bitcoins we might see the price go up.
Title: Re: We wont be seeing 1000 this year Post by: futureazy on July 28, 2014, 09:15:31 AM I think we will see much more than 1000$ this year, if the trends continues like in the past.
Title: Re: We wont be seeing 1000 this year Post by: Brewins on July 28, 2014, 09:28:52 AM easy to say that when we are under a small fall in price.
When we have rise in price, we'll see lot of people saying that bitcoin price won't be lower than 1200 this year Title: Re: We wont be seeing 1000 this year Post by: ScryptAsic on July 28, 2014, 01:01:28 PM You will be surprised if you see it hit 1000 next month.. Bitcoin is volatile..
Title: Re: We wont be seeing 1000 this year Post by: jcoin200 on July 28, 2014, 01:04:27 PM Could be whales selling off before the hedge fund opens so they can buy back in in a week at a lower price. It always seems like when the price drops 10% or so in just a few days its going to spike back up again
Title: Re: We wont be seeing 1000 this year Post by: minerpumpkin on July 28, 2014, 01:05:47 PM Has anyone though that maybe all those Altcoins could be soaking life out of bitcoin? I mean, if everyone's trying to diversify to catch 'the next big thing'? Then again, if a coin fails, the money isn't gone, it's simply with someone else, and those people (especially the creators and/or pumpdumpers) are investing it somewhere (BTC)
Title: Re: We wont be seeing 1000 this year Post by: DDBEK on July 28, 2014, 01:16:18 PM Maybe this year will be a slow year for bitcoin, however, this calm of rightnow doesnt mean it will be like this all year. Yes, because last year's outbreak in November, so this year should be stable for 1 yearsTitle: Re: We wont be seeing 1000 this year Post by: Febo on July 28, 2014, 03:50:17 PM BTC was worth 9000 pennies long time ago. I was just reading thread about it yesterday. So dont know what 1000 are you talking about.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fs23.postimg.org%2Fpqpo83idn%2Fimage2.png&t=542&c=CPgg5T32gjCmyg Title: Re: We wont be seeing 1000 this year Post by: BitcoinMillionaire on July 28, 2014, 03:51:47 PM Maybe this year will be a slow year for bitcoin, however, this calm of rightnow doesnt mean it will be like this all year. Yes, because last year's outbreak in November, so this year should be stable for 1 yearsHa, it will just break out in November again!!! Maybe it is a tad hungover from partying too hard in 2013 and needs some rest, hahha! I know that feeling after partying 72 hours with my peoplez! Title: Re: We wont be seeing 1000 this year Post by: Sevvero on July 28, 2014, 06:06:05 PM I am right so far. This is not the year of Bitcoin, and not any other altcoin's either. Where is technical and fundamental analysis behind these statements? Please provide us with your research. Thank you.Most coins on btce are at 1 dollar and about to breach 0,X. I think we will see BTC at 500< for the rest of the year. Maybe more interesting stuff will happen enxt year? Title: Re: We wont be seeing 1000 this year Post by: scryptasicminer on July 28, 2014, 07:08:16 PM I am right so far. This is not the year of Bitcoin, and not any other altcoin's either. Where is technical and fundamental analysis behind these statements? Please provide us with your research. Thank you.Most coins on btce are at 1 dollar and about to breach 0,X. I think we will see BTC at 500< for the rest of the year. Maybe more interesting stuff will happen enxt year? Fundamentally, bitcoin has lose the China market. And it is now going to be regulated in US which mean it will negate most of the benefits bitcoin have. Title: Re: We wont be seeing 1000 this year Post by: Raystonn on July 28, 2014, 07:31:47 PM I am right so far. This is not the year of Bitcoin, and not any other altcoin's either. Where is technical and fundamental analysis behind these statements? Please provide us with your research. Thank you.Most coins on btce are at 1 dollar and about to breach 0,X. I think we will see BTC at 500< for the rest of the year. Maybe more interesting stuff will happen enxt year? Fundamentally, bitcoin has lose the China market. And it is now going to be regulated in US which mean it will negate most of the benefits bitcoin have. 1) Bitcoin is not banned in China. 2) Businesses holding and/or exchanging Bitcoin for customers are regulated. Bitcoin itself is not, and cannot be, regulated. Title: Re: We wont be seeing 1000 this year Post by: ajareselde on July 28, 2014, 08:11:46 PM What makes you think that you will ever see >1000$ again?
Seriously, what has changed in bitcoin to make it more disirable than it was before, the whole trending died out. If we dont see some serious changes, there is no way but down. Title: Re: We wont be seeing 1000 this year Post by: galbros on July 28, 2014, 09:24:18 PM Obviously nobody knows. However, the failure of some recent good news, e.g. Dell accepting bitcoin, to move the market after the big up move after the USMS auction suggests you may be right in predicting that bitcoin wont go up 65% over the next five months.
However, if Wall Street money moves into Bitcoin in a big way, and the Winklevoss ETF may be a conduct for that, we'll see a nice move up. Recently some threads have indicated that some early coins are moving, (https://bitcointalk.org/index.php?topic=712502.0) maybe an early adopter is cashing out given their windfall. Title: Re: We wont be seeing 1000 this year Post by: yayayo on July 29, 2014, 07:35:50 PM It seems likely that we will not see the next big jump this year. I think we have to wait well into 2015 for this to happen.
But I think it's healthy to allow bitcoin some time to consolidate at the current level. The rise so far has been stellar. It is important for the infrastructure to keep up with adoption and the increasing number of transactions. ya.ya.yo! Title: Re: We wont be seeing 1000 this year Post by: hellscabane on July 30, 2014, 02:58:20 PM Although the price doesn't show any signs of pushing to $1000 again, there are still 5 more months left in the year. Oddly enough, I don't think it'll be a directly bitcoin-related issue that will be the catalyst for another rally.
But stability is nice after having so much crazy activity in 2013. Title: Re: We wont be seeing 1000 this year Post by: beetcoin on July 30, 2014, 05:50:34 PM the thing is, not many people predicted the bull-runs in the past, so no one knows exactly what will happen.
i'm still waiting and hoping for the ETF though. that would definitely push the price up, and that's the only thing i can see affecting the price. Title: Re: We wont be seeing 1000 this year Post by: ensurance982 on July 30, 2014, 05:56:52 PM the thing is, not many people predicted the bull-runs in the past, so no one knows exactly what will happen. i'm still waiting and hoping for the ETF though. that would definitely push the price up, and that's the only thing i can see affecting the price. And effectively no one knows when the ETF is going to launch as well! Predictions are spread pretty widely. I don't think we'll see the Winklevoss ETF this year, though... Maybe next spring? Those things take a lot of time, unfortunately! Title: Re: We wont be seeing 1000 this year Post by: beetcoin on July 30, 2014, 05:59:56 PM the thing is, not many people predicted the bull-runs in the past, so no one knows exactly what will happen. i'm still waiting and hoping for the ETF though. that would definitely push the price up, and that's the only thing i can see affecting the price. And effectively no one knows when the ETF is going to launch as well! Predictions are spread pretty widely. I don't think we'll see the Winklevoss ETF this year, though... Maybe next spring? Those things take a lot of time, unfortunately! yeah it's doubtful for this year.. so it's looking like there's a good chance it won't happen. another thing that could help bitcoin's price: hyperinflation in a country that has a lot of money to throw around. or, in an even worse event, hyperinflation spreading throughout a multitude of countries in the world. Title: Re: We wont be seeing 1000 this year Post by: TheNewAnon135246 on July 30, 2014, 06:52:47 PM Dell starting to accept bitcoin is a step in the right direction.
Title: Re: We wont be seeing 1000 this year Post by: blatchcorn on July 30, 2014, 06:55:13 PM I still believe in the B. Not everyone can profit from Bitcoin, only those with patience
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