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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508369 times)
MyPotPlantDied
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May 25, 2014, 11:07:58 AM
 #1281

Reading through this thread is like a time machine! Very entertaining!
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May 25, 2014, 11:09:32 AM
 #1282

I'm not gonna be rich anytime soon unless I can get my hands on more coins, but I'm working on it  Cheesy.
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May 25, 2014, 11:17:01 AM
 #1283

I'm not gonna be rich anytime soon unless I can get my hands on more coins, but I'm working on it  Cheesy.

At the time of the OP for this thread most of the BTC holders had mined their BTC rather that bought them.  Most of the BTC had been mined with GPUs up to that time.  1 BTC exchanged for $10-$20.

You are in a maze of twisty little passages, all alike.
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May 25, 2014, 01:25:09 PM
 #1284

I'm not gonna be rich anytime soon unless I can get my hands on more coins, but I'm working on it  Cheesy.

Well.... I have a feeling that right now this might be the last chance for everyone to buy Bitcoins below the $1,000 mark. The Mt Gox effect is fading away, and the BitPay / Xapo news will propel BTC to new heights.

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May 25, 2014, 01:26:47 PM
 #1285

I'm not gonna be rich anytime soon unless I can get my hands on more coins, but I'm working on it  Cheesy.

Well.... I have a feeling that right now this might be the last chance for everyone to buy Bitcoins below the $1,000 mark. The Mt Gox effect is fading away, and the BitPay / Xapo news will propel BTC to new heights.

What makes you say that? The little price hike will probably go back down soon enough.
jonald_fyookball
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May 25, 2014, 02:34:10 PM
 #1286

I'm not gonna be rich anytime soon unless I can get my hands on more coins, but I'm working on it  Cheesy.

Well.... I have a feeling that right now this might be the last chance for everyone to buy Bitcoins below the $1,000 mark. The Mt Gox effect is fading away, and the BitPay / Xapo news will propel BTC to new heights.

What makes you say that? The little price hike will probably go back down soon enough.

Because long term, btc will be more in demand.  There's only 21M coins.  So based on supply and demand,
Price will increase a lot in the next years. 
bitsmichel
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May 25, 2014, 02:35:29 PM
 #1287

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I am pretty confident we are the new wealthy elite, gentlemen.

All aboard the train, the price is rising like crazy   Cool

Quote
I'm not gonna be rich anytime soon unless I can get my hands on more coins, but I'm working on it  Cheesy.

The coins are still relatively cheap, if they are going to rise to $10.000 or something like that  Smiley

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May 25, 2014, 02:49:59 PM
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Arriemoller
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May 25, 2014, 07:22:11 PM
 #1289

This thread...

usually means bubble imminent.

Everyone is waiting for a huge increase in price within 6months; I think it will come within two years but it depends on a lot of factors including when the USD and US&European financial systems will crash

Like I've stated before, it moves in cycles of about seven months, and the end of June should be seven months from the top of the latest bump. So my guess is that we are now seeing the beginning of the coming bump.

And I don't think there is an imminent crash of the current economic system.

I think you're right, and I'm also pretty sure that a catastrophic economic collapse would be bad for Bitcoin and its value at this point in time. We need much more development before this baby is shatterproof.

I agree, once bitcoin is an established currency it might work as a safety net for the world economy if the fiat part of it crashes, but we are far from being there yet.

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May 25, 2014, 08:22:28 PM
 #1290

Wow, what an interesting insight into how people were thinking back in 2011.

I am curious to see where the price goes during this current cycle.  Is this the beginning a new Bull run? A trap?

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.

(I can't wait to read this exact post 3 years from now.)

http://blockstreet.info
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May 25, 2014, 08:30:27 PM
 #1291

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.
They'll trade paper bitcoins that they can't back with real ones, and keep the exchange rate artificially low just like they do with gold.
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May 25, 2014, 08:33:17 PM
 #1292

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.
They'll trade paper bitcoins that they can't back with real ones, and keep the exchange rate artificially low just like they do with gold.

Q4 is the earliest possibility of a ETF right? And when do projects finish in time? That's right never, so I'm assuming 2015.

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May 25, 2014, 08:42:16 PM
 #1293

Wow, what an interesting insight into how people were thinking back in 2011.

I am curious to see where the price goes during this current cycle.  Is this the beginning a new Bull run? A trap?

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.

(I can't wait to read this exact post 3 years from now.)

I'm posting my hypothesis again, originally posted April 17, 2014.

"It seems that bitcoin has a seven month cycle from mega bump to mega bump, it also appears to have a super dip about four months from the mega bump, and this super dip seems to be the start of the coming mega bump, with a slow rise the two first months and a steep rise the last month. If this hypothesis of mine is correct we are now leaving this cycles super dip and the next mega bump peek should be around the end of June or beginning of July.

It also seems that the price at the top of the bump is the same as the price in the dip plus a zero, and it seems to stabilize at about half the peak price until the four month super dip. So if this dip's low was 400 USD the peak should be around 4000 USD and it should stabilize at about 2000 USD until the next super dip."

So, around 4000 USD peak this time is my guess. But I will start selling at 3000.

Demokrati: Två vargar och ett lamm röstar om lunchmenyn.      Democracy: Two wolfes and a lamb votes about the lunch menu.
Frihet: Ett väl beväpnat lamm opponerar sig mot omröstningen.  Freedom: A well armed lamb opposes the outcome.
BlockStreet
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May 25, 2014, 10:22:34 PM
 #1294

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.
They'll trade paper bitcoins that they can't back with real ones, and keep the exchange rate artificially low just like they do with gold.

Q4 is the earliest possibility of a ETF right? And when do projects finish in time? That's right never, so I'm assuming 2015.

I was assuming Q3 for the ETF, but you're probably right.  Let's say Q1 2015.

As bitcoin becomes more widely available and more volume occurs (assuming it's not false volume that has been theorized from the Willie report), more "traditional" investors will start to move in.  Fortress, for example, is a forerunner and taking a big risks. However, most big hedge funds and Wall Street firms are not going to want to work with exchanges that are not fully audited and have legitimate backing.  When more stable, and dare I say it, REGULATED markets come online, the big money will come in.  Second Market, for example.

Then we'll see pump and dump and market manipulation being done by the real professionals.  Wink

6 months to 9 months?  Though if we enter into another Bull market, I'm guessing they'll move faster to try and make a fast profit. 

http://blockstreet.info
El Cabron
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May 25, 2014, 10:34:03 PM
 #1295

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.
They'll trade paper bitcoins that they can't back with real ones, and keep the exchange rate artificially low just like they do with gold.

yes but after the price goes to at least $50,000

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
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May 26, 2014, 03:43:28 AM
 #1296

I am pretty confident the people who got into BTC after the last bubble will never be the wealthy elite thought bitcoin, gentlemen.


/willy report
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May 26, 2014, 03:53:26 AM
 #1297

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.
They'll trade paper bitcoins that they can't back with real ones, and keep the exchange rate artificially low just like they do with gold.

Thanks justusranvier, you saved me a post.

(of course, I used that post here, thanking you, but still.... I had the exact same thought)

Buy a TREZOR! Premier BTC hardware wallet. If you're reading this, you should probably buy one if you don't already have one. You'll thank me later.
rpietila
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May 26, 2014, 06:39:30 AM
 #1298

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.
They'll trade paper bitcoins that they can't back with real ones, and keep the exchange rate artificially low just like they do with gold.

yes but after the price goes to at least $50,000

If BTC is to replace gold, the price in its suppressed form will be at $300k, all things equal.

...but the things are not equal. Taking delivery of gold is costly and storage is difficult. With BTC much easier. If anyone tries to set up completely fraudulent BTC depositories, there is the frontrunner, Mt.Gox, that has bitten the dust.

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May 26, 2014, 01:33:51 PM
 #1299

After reading this, I think you are too optimistic. we can fail anytime, but I like  the name ''wealthy elite'' haha Smiley
BitCoinDream
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May 26, 2014, 01:37:25 PM
 #1300

My personal hypothesis: By 3rd/4th quarter of this year we will see ETF's, options, leveraging, etc come into the market. Once this occurs  major Wall Street firms will start trading. This will create volume at levels never seen before and drive the price far, far higher.
They'll trade paper bitcoins that they can't back with real ones, and keep the exchange rate artificially low just like they do with gold.

Q4 is the earliest possibility of a ETF right? And when do projects finish in time? That's right never, so I'm assuming 2015.

Are not the Winklevoss brothers trying for Bitcoin ETF backed by their stash ?

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