|
Everyone I know has heard of bitcoin (and not because of me) - the time is ripe to go mainstream
|
|
|
|
|
The crash to $30 would have already of happened if it mattered
|
|
|
|
|
They will still make a profit on that this year probably
|
|
|
|
|
There are laws against this kind of activity so Overstock's competitors will never do it. End of story.
|
|
|
|
|
The new week starts in 30 mins time for me. I am calling $1000 by June. eBay will announce paypal and bitcoin integration.
Mark my words.
|
|
|
|
Why so pessimistic, i say 10 digits
I am a bear  |
|
|
|
|
Possible? More unlikely things have happened.
|
|
|
|
|
Price goes up a lot, then comes down a little. This is simply how the road to the moon was built
|
|
|
|
Well it aint half nice to wake up to movements like this again. $60 movements over night have me dreaming of November again. Anyone shorting now needs their head looking at, big sunday movements have normally been followed by big monday movements as well. A bank holiday doesn't help and means even more will probably be hitting exchanges Tuesday.
The life of a perma bear must be so shitty.
They will be still saying 'it needs to hit [a higher price than what it is at the moment] for it to truly be a breakout' |
|
|
|
Great to reiterate the graph at the top of the page  That graph makes no sense to me but I like it  |
|
|
|
|
Because everyone wants to buy part of the world's future money supply
|
|
|
|
What is CCMF? I left the computer to put some laundry in the wash and the price was $10+ higher  And that's even after waking up to a $40+ increase overnight |
|
|
|
|
If this was happening on a weekday the price would be near $1000. Interesting week ahead
|
|
|
|
Another no-bullshit chart:  |
|
|
|
We are looking at a new ATH, with or without a new bubble by the end of the year I could have even started my trend line from the inception of bitcoin and it would have fit  |
|
|
|
 We are somewhere between 14-15 If we're lucky, yes. Worst case I can see realistically is that we're at 13 (and go back another time to 400s, maybe high 300s, but won't make a new low). Yup worst case is 13. But if you look at 2 year chart, it does appear that 13 was the April 16th rally April was a bloody mess, literally. We are now at 15 |
|
|
|
So much this. Once you get through your first bubble to the next one, it's hard to be too upset about any drop when it's still hundreds of % higher than what you bought at before.
I dont see a rise of hundreds of % at these levels. That was possible on single and double digits. But at three digits I cant really imagine that BT will ever trade for five digits. Really? Human psychology of dealing with large numbers aside, bitcoin could easily rise several thousand % from here. Will it rise anytime soon? I would say unlikely. I expect several months of meandering back upwards and once we retake 800 then its off to the races. But who knows, it is bitcoin right? There are optimistically say 2 million bitcoin 'users' globally. From Rpietila there are perhaps 14,000 people with more than 100 coins, another 85,000 with between 10 and 100 coins, and all the rest holding below 10 coins individually. Let's think about that for a moment - globally there may be less than 100,000 people holding more than 10 coins which comprise the overwhelming majority of all coins in existence. And really it is probably closer to 20,000 holding more than thirty coins. There are approximately 7.2 billion people on the planet. In 2011 there were 6 billion mobile phone active sims globally. There is a film floating about called 'The rise and rise of bitcoin'. There should be a film called 'The rise and rise of the smartphone'. What is happening right now is the creation of - in my view - internet 2.0. There are over a billion smartphones globally and in the next five years this technology will have spread like wildfire connecting everyone irreversibly. The internet has destroyed, altered or disrupted everything it has touched thus far. Postal services -> email. Conventional telephone -> VOIP. Conventional printed media -> blogging and 24 hour news sites. Hard films and digital media -> commercial streaming media (netflix) and torrents. Finance is next. Voting may follow that. Many think about the current price as a very high but they dont start doing calculations, we are still in a innitial phase, only investors and tech entusiast are in, IMAGINE when the people just start to buy bitcoin expecting nothing from it besides commodity and security in the payments, Curently we are all thinking about making profit but at the end (100,000 usd) people wouldnt even know that there was a time when bitcoin was worthless and only was bought by fortune hunters We are the wall street investors of 1920 You mean 1940 We already survived the big crash |
|
|
|
For everyone who wants a simple analysis:  It is clear we are now in a bull market. The days of $400 bitcoin are over |
|
|
|
|
Show Posts
