are we rich yet??   Maybe NOT rich, but we are in a hell-of-a-lot better position than we were a few weeks ago. |
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When are the next big BTC auctions? I can't wait for this crash  Gonna be lovely. A beautiful disaster. We could see a floor sub $200 again. This is the last one for the US gov. The Australian gov has 20k something coins to sell though. The big dagger hanging over our heads is really the 200k gox coins that need to be sold or returned to the victims. I'm sure a percentage of those people will be market selling and dusting their hands of the whole thing. I'm sure, and maybe you are to, that you are speculating beyond any reasonable basis in reality. It makes little to no sense to assume that once the 200k gox coins are liberated back into the bitcoin space (in other words put back on the btc market in the hands of various individuals that those individuals are going to, enmasse, decide to dump the coins, or a large majority of the coins). Your prediction makes little to no sense, if it were to employ actual logic and a morsel of thinking.  |
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If bitcoin will give us better future it's trust would significantly grow.
Basically it would help us get sustainable wealth.
The price of bitcoin has to be stable (not to volatile) so that bitcoin can be regarded as a wealth. Otherwise it will be treated as a tool to extract money from some people and enrich every few. Stability may take some time because bitcoin is going to continue in adoption for quite some time, with networking effects. Nonetheless, lacking in stability does NOT decrease its value, so long as there remains some predictability concerning the value and/or supply of BTC, and the supply is fairly well known. In other words, holders of bitcoin need NOT be so concerned about its upward instability - and surely as Bitcoin's market cap increases, let's say into the $100+ billion territory, there is likely going to considerably increase protection from the ability to manipulate it's price downward (will likely become much more costly to attempt such a downward price manipulation). |
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Can we get a new price poll for a specific date please? The current poll doesn't really say anything, because nobody knew what the target date was.
The current poll is confusing because nobody expected the Chinese exchanges to be $10 higher than all the others for the last month. $300 got broken ages ago on the Chinese exchanges, and the others are still in the $290s. Should the next poll ask us to guess the averaged price across all exchanges, or the highest price on any, or another option? Bitstamp is the default price talking point, unless specified otherwise. |
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First time I checked the price today & we've shot up into the 290's. How very nice  Let's not have a massive dump shall we & consolidate here or even break 300. Huobi is $302 now  The Chinese have led this rally but we eventually catch up to their last step up in price at about the same time they have another step up. As 300 is already broken in China it will get broken here, by which time it will be 310 in China. When their banks open on Monday morning the price could go up at dizzying speeds as money hits their exchanges. Thank you for clarifying this for me  Yes, the mid-term trend still seems to be upward for a bit into the future, and $320 seems very plausible with this kind of uptrend. I mean really the price movement of the past 24 hours (on stamp) was achieved with very little resistance - on the other hand that weak resistance could be a sign that Stamp has been serving as a follower rather than a leader in the latest $15 uptick in prices. |
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Only 4.8% are right >320 - 111 (37.8%)
300 - 20 (6.8%)
290 - 10 (3.4%)
280 - 14 (4.8%)
260 - 25 (8.5%)
250 - 17 (5.8%)
it's topped out now - 97 (33%) How due u no this be top? hahahahahahahahahaha Much better said than me!!!!!! |
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The Predictability Factor is a unique book addressing the predictability of future success of new churches and existing churches attempting to turn from decline to growth. Wile E., have you ever been wrong?! lambie loved that particular gif |
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I think we will test 300, who knows how that will go, but I think we will test it either this weekend or beginning of next week. For some reason I think this time will be different than the last two attempts.
Given the recent action and the volume, testing $300 this weekend seems very plausible. hopefully there are enough dollars available on the various exchanges, since we should all realize that it is much more challenging to move dollars around than to move BTC around - On the other and big players should know the deal by now, and should be sufficiently prepared by now. |
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$300 printing up ~ could we see $420 party ... Soon™  lol We need to receive some free beers from Adam, to inspire us. |
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Posting guild lines:
Please lets keep this thread clean. ( I will be removing any off topic posts )
The only reason why this thread has outlived all the others on bitcointalk is that the "topic" extends from the walls at least fifty miles in every direction, so it is pretty hard to get "off" it. That's true. We are all over the place. But then again, bitcoin is really a paradigm shifting development that has the potential to touch upon and affect all aspects of life. |
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I was surprised by yesterday's rise and really did not expect another rise this morning. Have we secured our position above $270s?
NOT yet, but it is looking pretty good. The next 12 hours are critical.... |
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One thing I learnt about this thread is this
* When price is going up and everybody is like "BITCOIN IS GOING TO THE MOON" or "Here $10,000 we come" it means its time to sell or go short.
* When price is crashing and everybody is like "BITCOIN IS A SCAM" or "BITCOIN IS GOING TO $1" it means its time to buy or cover.
Yeah, unfortunately this is the case... people in this thread have always been thinking in an "all or nothing" approach... but that's the fun of speculating, you never know what's going to be the outcome at anytime. Once people see the prices go down a dollar, they are instantaneously ready to sell all of their bitcoins, and ready to watch the bitcoin world burn to the ground. It's actually pretty funny to me, and love to monitor the thread all the time. That's all bullshit. Even though there frequently are common themes amongst some posters, participants in this thread can hardly be pigeonholed into merely a couple of categories. Get real. Also, if you engage in a communication (beyond superficiality) with any particular poster of this thread, except for maybe the most extremes of trolls, there is going to be a considerable amount of individual perspective and experiences and independent thinking - even when some of the individual posters may from time to time drone on and merely be stirring shit within a large number of their posts. |
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a six dollar pump? So what? It didn't even trigger my sell order. Why do you even care? What's these assholes like hdbuck even doing on a Wall Observer thread if they don't care about short and intermediate term prices as they claim?
I thought that you already sold at the first shot at $270, so you can "divest" a little? Frequently you have a tendency to talk out of bot sides of your mouth - especially when it comes to your incorporating your book-talk |
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Yes, that's right. The gox bot is a bit of a myth... to give it so much credit for the rise in the price of BTC in 2013...
It may have contributed to the rise in the price, but there were plenty of other things going on as well.
The most popular belief is that it was caused by a sudden and mysterious rise of demand in China. They base their assumption on the high volume that BTCChina showed during that time, while ignoring the fact that Chinese exchanges have the habit of faking volume. The pump upwards was fueled by MtGox and BTCChina's volume was created only as a misdirection. BTCChina volume was only created to explain this sudden rise in demand and to hide the fact that the price is mainly pumped by Karpeles and his non existent money. Karpeles thought that he can pump bitcoin enough to start a rise that would make him back the coins that were lost by the previous hack. It backfired of a simple reason - Karpeles is a terrible trader. He was outplayed even by the majority, so his losses got even bigger in both coin and fiat. Most of the smart traders just profited from this pump and got out at the right time. Only the inexperienced get-rich-quick folks were the ones who didn't know the right time when to get out, but their investments were small and meaningless anyway. I think that the bitcoin scenery is amusing because people are still in strong denial about the whole 2013 pump situation. Miners are still holding their high production cost coin because "any minute now, another mysterious and unexplained pump will surely come". But it won't come if no one is orchestrating a similar fraud. The coming of Gemini is finally dissolving this myth that institutional investors are waiting for the right chance to be the greater fools of bitcoin. I think that this myth will now be more in the form of "ETF will change everything!". So, to me, it's not a question if the bitcoin price will face a total collapse, but only when will it happen. When will all the illusions of bitcoins worth finally fade. When people will finally realize that artificial scarcity doesn't work with something that is easily replaceable, and the network effect of bitcoin is mostly dependent on a bad brand name. That the future of crypto is not about them getting easy riches, but about better technological solutions that have addressed the problems that have kept bitcoin from being a practical tool of finance. In essence, Mt Gox was one factor that affected BTC prices in various ways and continues to have some effects on BTC prices. But in the end, merely because some people, including yourself and Question Authority are placing a lot of emphasis and explanation into the MT Gox pumping spin does NOT cause that to be some kind of true and meaningful assessment of the BTC situation. You surely seem to spend a lot of time on these forums attempting to tell BTC enthusiasts that we are wrong... Why don't you go find a more fitting hobby and/or activity in which you can meaningfully contribute to some kind of positive change rather than wasting our time and possibly your time with your various meaningless prognostications and naysaying spins. Oh yeah, I forgot you cannot go somewhere else because you are likely needing to receive your pay for engaging in your FUD spreading. |
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WillyBot would never have caused a bubble like the November 2013 spike on its own. China was primarily responsible for that pump. It's true that a mad rush for the exits from an exchange where only BTC withdrawals were possible caused buying, but only from those of us with fiat on the exchange. Nobody in their right mind was sending fiat to Gox when there were so many options for buying cheaper elsewhere.
Krapeles was buying BTC with fake money to keep the illusion of solvency going, but he wouldn't have had to do that if their wasn't a demand for BTC external to EmptyGox.
It was also China's government hostility towards Bitcoin that contributed to the crash as much as the Goxxing.
it was a double whammy up and down.
Yes, better said than me... |
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