I speculate we won't go any lower than 13.50 this week.

[bitcon]

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...........

[Yuhfhrh]

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

[dopamine]

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  

[smoothie]

The rate at which we are climbing tells me that this isn't a bubble just yet. Interesting times...for sure...

[bitcon]

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.

[bitarrow]

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

[cbeast]

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.

[cypherdoc]

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.

[Mousepotato]

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?"

[cypherdoc]

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? 

[Yuhfhrh]

I just turned into a bull.

[Junko]

13.9

14

[Mageant]

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.
 

[Yuhfhrh]

I just turned into a bull.

I should have been a bull a long time ago! Look what has happened since

[cbeast]

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.