bitcon
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Activity: 2212
Merit: 1008
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August 16, 2012, 08:28:02 PM |
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This is where the transfer of Bitcoin wealth begins. Folks with large caches will dump their fortune thinking that the Bitcoin will bubble and burst. These Bitcoiners will not be getting their fortunes back. This is how rich people stay rich.
Don't worry, folks with large caches already had an opportunity to sell a year ago. those who did not and held all the way down to $2, are not quite likely to jump now, not until previous maximums has been broken. Once they are, I expect a correction, just out of fear of history repeating. Then it will climb it's third leg fully, god knows how far. Actually, it might be in their interest to dump at least some of their bitcoins at some point before it reaches the theoretical peak, so that more people have access. When more people have vested interest in the success of the bitcoin, it is more likely to become successful. what would the "theoretical peak" be tho? could be $15 could be $35...........
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Yuhfhrh (OP)
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August 16, 2012, 08:48:07 PM |
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This is where the transfer of Bitcoin wealth begins. Folks with large caches will dump their fortune thinking that the Bitcoin will bubble and burst. These Bitcoiners will not be getting their fortunes back. This is how rich people stay rich.
Don't worry, folks with large caches already had an opportunity to sell a year ago. those who did not and held all the way down to $2, are not quite likely to jump now, not until previous maximums has been broken. Once they are, I expect a correction, just out of fear of history repeating. Then it will climb it's third leg fully, god knows how far. Actually, it might be in their interest to dump at least some of their bitcoins at some point before it reaches the theoretical peak, so that more people have access. When more people have vested interest in the success of the bitcoin, it is more likely to become successful. what would the "theoretical peak" be tho? could be $15 could be $35........... I thought it would be $13.50... lol
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dopamine
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August 16, 2012, 09:15:10 PM |
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People we are going back to $17.50 at least before the end of the year. I say this because mtgox was trading at that price before mtgox got hacked and everyone went bearish. Buy now maybe you will tip me later if I'm right
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Bitcoinica still has not given me 50% of my claim of 600 BTC INTERSANGO can go down with bitcoinica for abandoning customers Alberto Armandi is a SCAMMER
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smoothie
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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August 16, 2012, 09:16:34 PM |
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The rate at which we are climbing tells me that this isn't a bubble just yet. Interesting times...for sure...
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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bitcon
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Activity: 2212
Merit: 1008
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August 16, 2012, 10:14:07 PM |
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yep shortly after the goxing last year when it fell back to around $2 many people ignored their second chance to become "early adopters". i bet some ppl are kicking themselves right now. maybe if a third time comes around they wont be so hesitant.
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bitarrow
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August 16, 2012, 10:25:16 PM |
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yep shortly after the goxing last year when it fell back to around $2 many people ignored their second chance to become "early adopters". i bet some ppl are kicking themselves right now. maybe if a third time comes around they wont be so hesitant.
I want on the long bus too! No hesitation here
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cbeast
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Let's talk governance, lipstick, and pigs.
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August 17, 2012, 02:29:32 AM |
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People we are going back to $17.50 at least before the end of the year. I say this because mtgox was trading at that price before mtgox got hacked and everyone went bearish. Buy now maybe you will tip me later if I'm right This is precisely what I'm thinking, but then again I'm usually wrong.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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cypherdoc
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Activity: 1764
Merit: 1002
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August 17, 2012, 02:54:54 AM |
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yep shortly after the goxing last year when it fell back to around $2 many people ignored their second chance to become "early adopters". i bet some ppl are kicking themselves right now. maybe if a third time comes around they wont be so hesitant.
i'm sure they won't get it.
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Mousepotato
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August 17, 2012, 03:26:03 AM |
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People we are going back to $17.50 at least before the end of the year. I say this because mtgox was trading at that price before mtgox got hacked and everyone went bearish. Buy now maybe you will tip me later if I'm right Ah, the good ol days. I remember the price sitting at $17.XX for weeks on end, to the point where people were posting threads like "Why $17? "
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Mousepotato
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cypherdoc
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Activity: 1764
Merit: 1002
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August 17, 2012, 03:34:20 AM |
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People we are going back to $17.50 at least before the end of the year. I say this because mtgox was trading at that price before mtgox got hacked and everyone went bearish. Buy now maybe you will tip me later if I'm right Ah, the good ol days. I remember the price sitting at $17.XX for weeks on end, to the point where people were posting threads like "Why $17? " are you really a girl?
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Yuhfhrh (OP)
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August 17, 2012, 04:19:50 AM Last edit: August 17, 2012, 05:05:27 AM by Yuhfhrh |
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I just turned into a bull.
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Junko
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Activity: 1512
Merit: 1000
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August 17, 2012, 05:02:50 AM |
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13.9
14
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Mageant
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Activity: 1145
Merit: 1001
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August 17, 2012, 07:25:00 AM |
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My gut says so. Who thinks I'm wrong? we could not go past 13.50 for another 6 months... Sorry, we already did. Let me guess....next thread is "we could not go past $14.00 for the next 6 months" Sorry, already did that, too.
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cjgames.com
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Yuhfhrh (OP)
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August 17, 2012, 07:29:17 AM |
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I just turned into a bull.
I should have been a bull a long time ago! Look what has happened since
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cbeast
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Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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August 17, 2012, 12:50:26 PM |
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I just turned into a bull.
I should have been a bull a long time ago! Look what has happened since I see what you did there.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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