I really never think we'll see that. Bitcoin is a nice project and currency to trade with, but if it's going to be taken seriously it's going to need to be a steady store of value. If it's always skyrocketing nobody will ever spend it and there won't be much use in adoption, leading to a crash when people realize the price went up without a real reason.
People can point back at the smaller bubbles and say that it will happen again, but the fact is there was nowhere as much media attention on us at that point. It was a anything-goes game where scammers get off free and the thought of regulation was a joke. Now that we're making it big we can't spontaneously go up 10x in price from some market manipulation in one part of the world and crash just as hard.
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I think we're going to be in a bear market for a bit before making a recovery. We had a pretty spontaneous rally followed by a bunch of bad news, and nothing really good to counteract it besides the price itself. If we drop below ~360 then the bottom is going to fall out, otherwise we'll hang out a little above there for a while. Good time to short or sell if you're not a hodler
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Need some things shipped 2-day from Amazon and don't have Prime. The items cost about 40 bucks, I'll pay a few bucks extra as a tip. Escrow is highly preferred, I will not go first unless you have a lot of trust on here.
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There's no way we'll hit 250 with all the excitement over this latest pump. Once we hit 350, which is the worst case scenario for most people on here, there will be a nice spike in price as people buy 'cheap coins'. After the excitement dies down we'll probably hold steady for a while. If we break 350 long-term though things will not be looking good, probably going to the sub-300 range in that case.
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If we can't make a move above 400 soon (which I don't think we will) then it's very possible that we'll fall to lower than 350, or even sub-300 before something sparks another rally. All the bad press is just coming down on us and the market can't take it, nevermind the whales using it to their advantage
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It appears to be one. I think we'll be correcting somewhere around 385 after the big fall from the other day. It's still an increase from where we started after the early November crash, but we started to get too ahead of ourselves and the Hearn news was the straw that made the correction start
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To prevent this from happening again set Multibit to include a fee by default. Go to the Preferances tab, then Fees. 0.10 mBTC per kB should let you send without any issues in the future.
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- Inequality is far worse within the bitcoin community than in regular fiat systems. Inequality will aholways be and isn't bad per se, what is bad is that bitcoin operates more like a ponzi in this sense. A small hand full of users was given big handouts right from the start when other people weren't even aware of it. At least with fiat everyone has aware more or less fair start. You do work aware earn depending on that. Early adopters got Rich by doing nothing.
Hate to say it but fiat has just as much inequality as Bitcoin does, they were just earned in different ways. Back on topic, we are officially sub-400 again. I expect us to plummet to 385 for a while, then decide if it wants to hold steady and wait for a rally or fall til we find a support point. If I were day trading I'd sell and try to make a few bucks on the panic that will follow. There's good support at the moment, but I expect people to start pulling orders when they see 400 didn't hold
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It seems that the downtrend from ~470 is still going on. We tried to break through it a couple times, but just couldn't keep it up there. If we can break through ~415 and keep it steady then we may be going up, otherwise going back sub-400 seems unavoidable.
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On the off chance that we do hit an ATH this year, I think it's going to be pretty short lived. The last bubble got a ton of media attention, and the casual investors that bought in at a high amount are going to be looking to unload like there's no tomorrow. Steady growth up to maybe the 800 range is possible, maybe a bubble that takes it there and back down, or a plummet back to sub-300 (most likely more than one of those), but I don't think a ATH is in our future soon.
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I could definitely see it happening, but I could just as much see it heading sub-300 or worse. It's a volitile currency, and a year is so much time that nobody has any idea what will happen. Something with such a relatively small volume, large amount of 'whales', and easily manipulated by news leads to a hell of a show in the way of price over time.
The block halving has a chance to have a massive effect on this, so I think we'll move a lot in some direction or another... it's a matter of if it would go up like you'd expect or do something crazy.
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Is there any special reason behind the increase in the value or its a general happening?
It's probably a whale that was manipulating the news of Mike Hearn leaving. Some casual investors may have also decided to dump after taking his word at face value, leading to a temporary decline. As with everything in Bitcoin, it's already volatile so when there's a big candle people freak out and trade like there's no tomorrow before going back to their long-term positions. It's not really an increase if you look at even the hourly chart, just a temporary dip that's resolving itself.
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This sudden raise reeks of desperate traders, not a steady price increase. I think we'll possibly bounce back up to 420 a time or two before heading back down, possibly sub-400.
$420 has now been breached. Now we just have to wait for the direction, further up or down? I may have called this one wrong... When I think about it, there was no good reason for the price to go down in the first place. I still don't think we'll be heading 'to the moon', but it's not out of the question to stay stable around 420 or a bit higher considering the previous price. Things look to be pretty stable at the moment, not prepping for a massive change either way.
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I left him a neg so nobody else tries to trade with him, recommend you do the same OP. At least he put some effort into getting a similar address, more than half the scammers here can say
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This sudden raise reeks of desperate traders, not a steady price increase. I think we'll possibly bounce back up to 420 a time or two before heading back down, possibly sub-400.
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Hi all im selling pbe accounts
UNVERIFED ONLY PBE accounts 5$/each, bitcoin
if you buy 1-10 accounts price 1 account = 5$ if you buy 10-30 price 1 account =4$ PM me for buy
What is pbe? It's the League of Legends server that they test things on before pushing it to the main one. Playing on it can give you an edge over other players when a major change hits.
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The best escrow is one that uses multisig so they couldn't run off if they wanted to.
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Yeah, I've got a Nexus 7 2nd gen. Having a bigger screen is nice to browse on at home. Definitely worth getting one.
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OP, you got something wrong in the first post.
Change it to "You pay, I scam"
WAS IN TRAVEL NOT SEE YOUR MESSAGE. SORRY NO you CAN REPEAT YOUR QUESTION? They were asking if you'd let someone trusted on here hold onto the BTC until the trade is complete. Makes it safer for everyone
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