I was just looking at some old posts on here back in 2013, when we all dreamed of $1,000. Anyone talking about $10,000 was seen as a nut-job, in much the same way as anyone now talking of $100,000. Crazy indeed.  Yep. Us permabulls back then were confident that $10k/btc would be reached and exceeded someday. We just didn't know when. The 2014-15 downturn was a temporary setback, but it just created a longer, faster ramp. I'm more than confident that $100k/btc will be also be reached and exceeded one day. Again, it's just the timing that is the unknown. I'm guessing within 5 years max. I don't see that as being an unreasonable amount of time. There will need to be 100M+ adopters worldwide for that to be supported properly, though. |
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So I heard a 128 coin wall @12k gotten eaten pretty fast on GDAX and then the website crashed. Impressive.  Someone must think we've got a hella year to go in 2018. |
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Somehow I think all those "experts" who are bitching like madmen about Bitcoin being dangerous and all, are doing it out of bitterness for missing the Choo-Choo when they had the chance to get on board... Trying to justify their decision.
Actually its because they all work for the establishment and get their "research" funding from the banksters. True story. |
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He lost me at "no intrinsic value" and "yet to see anyone with a bitcoin in their pocket".... |
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Here's one from CNBC.com, who's normally fairly pro-bitcoin or at least neutral. Note the bullish headline: Bitcoin breaks above $12,000 for the first timehttps://www.cnbc.com/2017/12/05/bitcoin-price-breaks-above-12000-for-new-all-time-high-record.htmlbut then, of course, comes the negative ending: "For one, Stephen Roach, Yale University senior fellow and the former Asia chairman and chief economist at investment bank Morgan Stanley, told CNBC on Tuesday that he was deeply skeptical of investing in bitcoin.
"This is a toxic concept for investors," Roach, described by Yale as one of Wall Street's most influential economists, told CNBC. "This is a dangerous speculative bubble by any shadow or stretch of the imagination."
"I've never seen a chart of a security where the price really has a vertical pattern to it. And bitcoin is the most vertical of any pattern I've ever seen in my career," he added."
The message: Stay away, Average Joe retail investors!! Stay far far away! You'll only get burned! |
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I needed a little cash in a hurry so I bought $5000CAD at the local ATM.
You can get that much out of an ATM in Canada?   On another topic, Coinbase stopped reporting exactly how many accounts are being created monthly. Now their webpage just says "10M+ customers served" Which is like bullshit because they were just at 12.4M. Smells fishy, like they are trying to hide something. |
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Real question:
Would anyone here really be that sad if by Dec 2018 we were only at say, $12-13k?
Are people's expectations getting ridiculous now considering the hella run up we had this year?
What if we were around $5k by the end of 2018? The long termers should still be good, no? The ones who bought later, might be scrambling a bit, unless they already planned for various possibilities, including downwards. Even $5k is not seeming too likely, but if we go shooting up to $18k or something like that, we could thereafter correct 80% or something like that and hover around those territories for a decent amount of time, no? 80% off of $18k would be in the $3600 arena, which even though extreme, does not seem unreasonable or outside of reasonable exuberant market movements, no? Yeah we could see that. I guess anything is possible. But usually when everyone is expecting something to happen, it never happens. I'm also not seeing the same kind of crazy daily if not hourly volatility that directly preceded the market top in Nov 2013. So that makes me think that we aren't there yet. |
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AAMOF, CBOE is openly planning it. Not that such derivative products are likely to much matter.
delusional Not really sure what you mean by 'lack of interest'. But so far, so good. Below hopes, but above BTC returns.
Super delusional |
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oh wow, PMs on sale this morning
Yeah but you'll never get physical for that price |
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Someone from the BCash camp gave Rick Falkvinge the green light to write it and put it out there.
Ha. Haha. Hahahahahahhhaaaaaahhaahahaha. delusional. Here's the original doc link: https://bitcoincash.org/letter-from-the-ceo.pdfProve me wrong, troll. Or you can, ya know, just STFU. Haha Torque. You funny. You've been literally telling me to 'shut up' for - what? - a year now? How's that working out for ya? Like I said - delusional. Still no proof of me being wrong. Just a lame comeback and a hand wave. Typical jbreher. Hey, is BCash set to trade futures yet? How's that lack of interest working out for ya? |
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Someone from the BCash camp gave Rick Falkvinge the green light to write it and put it out there.
Ha. Haha. Hahahahahahhhaaaaaahhaahahaha. delusional. Here's the original doc link: https://bitcoincash.org/letter-from-the-ceo.pdfProve me wrong, troll. Or you can, ya know, just STFU. |
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Parabolic rises always end in tears... for somebody.
Truest words on this forum.
Or... Recovery from crash always ends up in big smiles :p Depends on your point of view! hodlers will be happy regardless I've been through a crash. Been underwater in bitcoin. But I didn't cry, and I didn't sell at a loss. I just DCA-ed down and hodled. And had to listen to the squawk of bears and trolls for 18 months straight. Now I have big smile. And balls of steel. When it happens again, I'll just do the same. |
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Real question:
Would anyone here really be that sad if by Dec 2018 we were only at say, $12-13k?
Are people's expectations getting ridiculous now considering the hella run up we had this year?
It would mean end of parabolic rise. And that would be sad. Parabolic rises always end in tears... for somebody. |
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Inflation update. Was at the grocery store the other day. 6 oz. package of raspberries cost $2.99/ea. ! Was $1.99 just 12 months ago. 6 oz. package of blackberries cost $3.99/ea. ! Was $2.99 just 12 months ago. 1 pint of blueberries cost $3.99/ea. ! Was $2.99 just 12-18 months ago. 16 oz. package of strawberries cost $3.99/ea. ! Was $2.99 just 12 months ago. Not to mention that the store has gone with lower quality distributors now, as the fruit is always starting to mold and rot now in the packaging at the store before you've even bought it. Just last year and before that, it was always pristine looking and would last days. But....b.but... the govt says inflation is less than 2%! Inflation isn't a concern!  |
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Real question:
Would anyone here really be that sad if by Dec 2018 we were only at say, $12-13k?
Are people's expectations getting ridiculous now considering the hella run up we had this year?
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No mansion for me, more like a a hobbit house
but off the grid, hell yeah
One of us! One of us! |
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I actually quite enjoyed the contrast between "adult" and "dankmeme111!!" language. Usually only get to see an extreme of either.
Guilty as charged.  I doubt if we will ever see 11k again.
i am sure we will see 11k A LOT. 11k daily rises.  If we see 111K I'm outta here. Buy/build some mansion in the middle of nowhere and live off the grid. Bye. I like how you think BB. Same plan here. |
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When you are big fat whales and you enter a market at the top of a bubble, logic dictates you to short the heck of it...but it takes time to open massive shorts (u need lotsa fools )so the bubble has to continue quite a bit after 10th december imo then badaboom.
You also need massive amounts of coins to dump to help your short along. Which means you have to buy them first. or just borrow them ? I assume you can borrow only what is available on the exchanges, which may not be much. Unless you're the exchange owner trading on your own exchange, which I guess you can do whatever the fk you want. Some of these exchanges, man. Sheesh. Who knows, whales could be naked shorting for all we know. We DO know that some of the Chinese exchanges had fractional reserves going on, and were leveraging the users' bitcoin against other investments. And they got reprimanded over it. |
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When you are big fat whales and you enter a market at the top of a bubble, logic dictates you to short the heck of it...but it takes time to open massive shorts (u need lotsa fools )so the bubble has to continue quite a bit after 10th december imo then badaboom.
You also need massive amounts of coins to dump to help your short along. Which means you have to buy them first. |
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