 I await the re-emergence of the Beast from his slumber. Brimstone shall rain from the skies like spears and great chasms swallow the weak like strumpets. |
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Updated the table for new responses. It appears the doldrums has invigorated the bulls, albeit not to 2014 levels.
Thanks for the list Yefi. If you don't mind I'll use it for endresults on June 2. (Will check list and add new ones) Yes, by all means.  Looking at the list, there's a glaring 55% gap between $158 - $245. I will therefore give my own answer as $197.34 to plug this gap. edit: this may make things easier for you. It's the list in .csv format that can be opened as a spreadsheet. The CSVtoSMF.exe will convert the table to forum code. I've included the source code in a .rar file, so you can compile it yourself in Visual C# 2010 (or later): https://drive.google.com/file/d/0B7Y01vk41IMfMlFVR3dva0xrVmc/view?usp=sharing |
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$754,218.38
lol  |
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Updated the table for new responses. It appears the doldrums has invigorated the bulls, albeit not to 2014 levels. | Name_________________ | Amount ($) | | chmod755 | 0.05 | | Jammalan the Prophet | 1.00 | | mikelitoris | 17.00 | | Markos | 27.00 | | NotHatinJustTrollin | 36.00 | | esse83 | 44.00 | | ravenjt | 49.99 | | thewayshegoes | 54.60 | | God27 | 62.00 | | BitcoinNewbie15 | 63.44 | | Morecoin Freeman | 67.23 | | JorgeStolfi | 81.01 | | Dump3er | 89.71 | | WiiD | 111.00 | | Tzupy | 115.00 | | SkyValeey | 130.00 | | leen93 | 158.57 | | Fakhoury | 245.60 | | gentlemand | 249.51 | | Shatoshi | 253.12 | | alani123 | 315.00 | | uki | 325.00 | | erikalui | 350.00 | | rjclarke2000 | 360.00 | | shmadz | 380.33 | | Losvienleg | 400.00 | | gizmoh | 411.00 | | Warrior B | 422.00 | | CryptoChaser | 423.00 | | litedoge | 444.00 | | panjul07 | 444.44 | | 8up | 457.00 | | DutchTrades | 457.91 | | Febo | 463.76 | | snatchmonkey | 475.00 | | Searing | 483.00 | | 1Referee | 520.00 | | Q7 | 524.00 | | SmoothCurves | 525.00 | | cryptopaddles | 528.95 | | spud21 | 531.53 | | fish731 | 546.00 | | 100x | 565.00 | | Katsou | 604.53 | | Brewins | 612.45 | | cakir | 613.00 | | randy8777 | 650.00 | | bitebits | 666.00 | | futureofbitcoin | 668.83 | | lay785 | 711.00 | | edgar | 727.00 | | sandy47bt | 817.14 | | not altcoin hitler | 837.00 | | btcbug | 843.00 | | Grand_Voyageur | 860.65 | | lasvegas83 | 880.00 | | Amph | 899.70 | | bugmenot | 990.00 | | unsoindovo | 1,000.00 | | pereira4 | 1,192.25 | | BitmoreCoin | 1,210.00 | | mrkavasaki | 1,230.00 | | Emperor Magnus Caligula | 1,234.56 | | noobtrader | 1,293.00 | | WeltMaster | 1,337.69 | | BTCat | 1,426.00 | | BitBOOM | 1,512.00 | | TQMA | 1,719.00 | | MirkoIta | 1,743.74 | | Miz4r | 1,852.49 | | Kexkey | 2,088.00 | | ensurance982 | 2,300.00 | | mladen00 | 2,370.29 | | 600watt | 2,500.00 | | hmkey | 2,800.00 | | LOBSTER | 2,849.00 | | Xialla | 2,984.45 | | nicked | 3,000.00 | | macsga | 3,133.70 | | Odalv | 3,150.00 | | Hunyadi | 3,725.00 | | Chainsaw | 4,120.16 | | ssmc2 | 4,232.76 | | lunarboy | 5,432.10 | | Capt Drake | 7,340.58 | | ejinte | 7,777.00 | | llildur | 9,100.00 | | vrzo | 10,200.00 | | Bitcoiner_cph | 10,483.98 | | AlexGR | 12,000.00 | | americanpegasus | 19,732.00 | | neo2040 | 27,000.00 | | Equus | 30,000.00 | | agentcash | 187,518.80 |
| Stats_____________ | This Year__ | Last Year__ | | Response Count: | 94 | 71 | | Median: | $658.00 | $3,450 | | Geometric Mean: | $671.04 | $3,390 | | Believe new high: | 37% | 82% | | Believe rangebound: | 45% | 12% | | Believe new low: | 18% | 6% |
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"Strong hands!"
Quickly followed by:
"What's happening!!!???"
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And most importantly it is one of the few actual assets which exhibit wild price swings. All of the Platinum metals seem to exhibit wide price swings. These charts from a report by the U.S. Geological Survey show long term price trends. Red line is inflation adjusted.  Ruthenium went from $13/oz average in 1993 to $574/oz average in 2007. In 13 years, Iridium fell from $666/oz to $47/oz. To be honest though, we're really too narrow-sighted when we look at a mere forty years in these metals. Trends can emerge over very long time periods indeed, and what can appear as randomness on one scale can be a pattern on another. |
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What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.
wow! did you really have that many bitcoins? i hope that bitcoin would be well known by 2020 for it to happen people who own a lot are quiet about their holdings. people who don't have much are loud while they don't have much. dreamers.. Registered April 19, 2011? Methinks not. |
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When the coin shoots back up and I am wealthy once again I will be much smarter with everything.
The fact I am profiting now playing with leverage proves something
Ugh. This forum sometimes does not make for easy reading. |
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People are idiots. That's the only thing holding us back.
I stopped after that ... nothing more needed to be said or read. We'd be exploring other universes by now if the whole damn world wasn't full of idiots. Mind you, if we did explore them we'd probably just find more idiots and wonder why we bothered Two things are infinite, the Wall Observer thread and human stupidity, and I'm not yet completely sure about the Wall Observer. |
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If the coins go to the owners hands as it should, I don't imagine the owners are very happy to hold BTC, they'll be paranoid as hell and will sell for filthy fiat. Im just hoping there are some intelligent people out there that can look at the big picture and keep their Bitcoins on a wallet.
I can't imagine such a response, but then I can't imagine why you'd ever hold substantial sums at Gox, so whadda I know. |
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Probably got a few years of rollercoaster whipsaws imo. Wouldn't have it any other way!
Hear, hear!  |
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200,000 bitcoins to be liquidated... i don't see this in any positive way for price recovery especially when confidence in bitcoin is waning... majority of the coins will be dumped as soon as they hit exchanges.. https://www.mtgox.com/img/pdf/201504_notice1_en.pdfwhy you think that? not everybody want to dump their precious bitcoin, also why dumping now, when those bitcoin were probably bought at a higher price, is beyond stupid Depends if people have a choice, as the disbursement may have to be made in cash, in which case Kobayashi will auction the coins. There's also the 2.8 billion yen shortfall on Gox's books (about 23 million USD, or 96K BTC), which will need to be covered at least partially. If the disbursement is made primarily in Bitcoin, then as you rightly say it is unlikely to make much of an impact. |
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You seem to not understand the concept of mutual benefit. That bitcoin allows certain companies to exist, and allow the employees of the companies to profit does not exclude the possibility of bitcoin itself benefiting as well.
Remind my feeble mind how flowers reproduce? Bees do not collect pollen to promote flowers nor do they convene meetings with other bees on the serious topic of flowers. Perhaps you have insider information from the colonies that I am not privy to. |
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Are these examples of us helping Bitcoin, or of Bitcoin helping us? Bitcoin will survive on its own merits and doesn't require our evangelism.
I've put it so painly, if you still can't understand such a simple concept, I'm afraid there is no logic that you can comprehend. If all bitcoin companies closed down today, and no new ones replace them, bitcoin will die, period. It would not die, but that is beside the point. A company's purpose is not to promote, it is to profit. Whether the CEO wants to promote Bitcoin or just wants to make a quick buck really doesn't matter. The end functionality is the same, and that functionality stems from the unfolding of this system, an unfolding which like the petals of the flower will attract the bees. |
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We need people to promote bitcoin, people to make bitcoin more accessible, people who explains what bitcoin is, people who can help make the technology more intuitive to use, and many, many more things that will increase bitcoin's chances of going mainstream. We can all do our own part, if only to introduce bitcoin as a serious topic to friends and family. Because you're not just helping bitcoin, you're helping your own chances at becoming wealthy.
Bitcoin doesn't need our help, and the day it does it has also failed. Then it must have failed already. If no one promoted bitcoin, how would anyone ever know about it, even the most cultist libertarians? If no one created a bitcoin exchange, how would 99% of people get their bitcoins? Why would miners even mine something they can't sell? etc. Are these examples of us helping Bitcoin, or of Bitcoin helping us? Bitcoin will survive on its own merits and doesn't require our evangelism. |
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We need people to promote bitcoin, people to make bitcoin more accessible, people who explains what bitcoin is, people who can help make the technology more intuitive to use, and many, many more things that will increase bitcoin's chances of going mainstream. We can all do our own part, if only to introduce bitcoin as a serious topic to friends and family. Because you're not just helping bitcoin, you're helping your own chances at becoming wealthy.
Bitcoin doesn't need our help, and the day it does it has also failed. |
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I enjoy it when Bitcoin does crazy things. Feels like the good old days. |
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I really doubt that $215 was the bottom. I'm not even sure that ~$160 was the bottom. Although sentiment has turned more negative in recent weeks, it's still too positive to think of a bottom. We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail. So the bottom is in, when almost nobody expects it. But maybe there is no bottom...  ya.ya.yo! If we can't stage a recovery from here and the previous bottom around 160, then my next interest zone would be between 32 and ~70. This, of course, assuming that it isn't surpassed by another crypto, in which case our escapologist might never emerge from its shackled coffin. |
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100% chance it will go down to double digits and eventually to Zero, because who's gonna buy sh*tty bitcoins when they are heading down, not even Chinese are crazy to do so. In fact I can guarantee you that everyone and their mother will panic sell every coin they have when bitcoin goes down to 80.
You need to show more confidence in your conviction. Nobody is going to believe somebody who is so unsure of themselves. |
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I agree, I'd love nothing more than to see the 300PH of miners from big farms/clouds get shut down and the difficulty drop down to where an individual with an average home mining setup are the ones finding the majority of the blocks. It will be a healthier system if we can get back to that point. Bitcoin shouldn't be an industrial endeavor, it was meant for "the little guy", and in the end the network and bitcoin's value will reflect that.
It will never reflect that. This is survival of the most efficient. The miners that remain will use the least watts per hash or have access to cheaper electricity. Like the strange lifeforms of the Cambrian period, the sun has set on the little guy mining at home. |
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