Confess, triple digit believers

[oda.krell]

93 USD will be the bottom of the next couple of months.

This needs a quote. 

Don't miss it, or you're going to have to panic buy at 135 in September.

Ok I admit I was wrong about the bottom, but have you panic bought yet?

Why? You wrote that on June 25th. The May/June downtrend continued a bit longer, then we hit bottom in the high 60s, low 70s eventually. Where we stayed for, how long?, a day or two. You were certainly more accurate than those who predicted a single digit bottom, or even a bottom near 50, like so many bears liked to do.

(Disclaimer - this is something I feel always have to add: I'm not a bull per se. I'm not claiming we've reached the absolute capitulation bottom. I'm talking about the mid term development above, not the question "is the bubble over yet or not?")

[Faraday]

I believe that we will see triple digits within the next 12 months. Possibly even this year.

[Faraday]

Haha. Whoops. By triple digits I mean triple 000's

Didn't notice this was a thread from June...

[JimboToronto]

You all must've seen the all time log graph at some point.

That's the only chart I take seriously. You don't even need to draw the obvious straight line.

Hopefully it continues at this rate for at least a few more years (or decades). I'd love to see the need to subdivide the satoshi.

[Carlton Banks]

Exponential growth never lasts indefinitely. This means that growth of bitcoin economy will eventually slow down.

thankfully, we have a little room to grow still 

OP, what do you think the Chinese state's reaction to the latest WWIII rumblings would realistically be? Aircraft carriers in the Mediterranean and the Hormuz? Or a nice gentle dumping of dollar reserves into the BTC market? Clearly the latter.

[nobbynobbynoob]

Exponential growth never lasts indefinitely. This means that growth of bitcoin economy will eventually slow down.

Of course. But with $30 trillion plus squirrelled away in offshore assets (tax havens and the like), there's a huge untapped market. Imagine even 0,1% of that piling onto the bid side of the BTC exchange markets. The huge question is, how does that money move its way thither? It's not like it's that easy just to go and buy up $50 million worth of bitcoin in one go right now.

This also means that all debt based currencies i.e. USD, GBP, EUR etc are intended to fail eventually, by design.

History does hint at that, doesn't it?

[b!z]

We;re trading in triple digits right now, so I think it is true.