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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508252 times)
Pingu
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November 13, 2014, 05:27:15 PM
 #2241

I'm not quite part of the wealthy elite yet but I must say I'm very happy to have watched my coins rise by about £70 in value. I'm still going to hodl though  Cheesy.
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November 13, 2014, 06:59:18 PM
 #2242

Every time this thread reawakens, it seems to be a good sign that a short-term rally has topped.

Quoted for wisdom.

Quoted for wisdom.

and.... drop.


BlindMayorBitcorn
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November 13, 2014, 07:11:40 PM
 #2243

Every time this thread reawakens, it seems to be a good sign that a short-term rally has topped.

Quoted for wisdom.

Quoted for wisdom.

and.... drop.



Some of the new elite just got very wealthy again Tongue

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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November 13, 2014, 07:27:40 PM
 #2244

Go home BTC you're drunk.

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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November 14, 2014, 12:24:19 PM
 #2245

Damn you price go up now! Ahh I want to sell 2BTC and go on a vacation with my gf  Grin

Where are you? Holidays from where I am cost a lot more than 2BTC, even if the price went up drastically.
... eastern europe  Grin

Go home BTC you're drunk.
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November 14, 2014, 12:50:03 PM
 #2246

Every time this thread reawakens, it seems to be a good sign that a short-term rally has topped.

Quoted for wisdom.

Quoted for wisdom.

and.... drop.



Some of the new elite just got very wealthy again Tongue

Waht the hell is that screenshot? is it supossed to be a joke? whats up with that number.

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November 14, 2014, 12:53:30 PM
 #2247

Well this gentleman sure knows how to pick himself up even after such severe drop. Bitcoin rules !

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November 14, 2014, 01:24:22 PM
 #2248

Yah the scale on that makes it look super dramatic, barely a hiccup really.

Bitcoin be like ... https://www.youtube.com/watch?v=6GRuzaMwvrA

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
CoinCidental
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November 14, 2014, 04:46:09 PM
 #2249

Yah the scale on that makes it look super dramatic, barely a hiccup really.

Bitcoin be like ... https://www.youtube.com/watch?v=6GRuzaMwvrA

Stay calm gentlemen, there was erratic behaviour very similar before the last ath too
Its all to be expected on the way up
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November 14, 2014, 05:44:54 PM
 #2250

Yah the scale on that makes it look super dramatic, barely a hiccup really.

Bitcoin be like ... https://www.youtube.com/watch?v=6GRuzaMwvrA

Stay calm gentlemen, there was erratic behaviour very similar before the last ath too
Its all to be expected on the way up

How many months do you anticipate BTC prices will be lingering in these $360 to $800 prices?  

I am thinking that we could be in this price range for 6 months or potentially longer (maybe up to a year), even though it does seem that the next bubble is more imminent, such as more likely to occur within the next 1-3 months.

My current theory also is that once BTC prices get into the $750 to $850 range, then the taking of profits will likely subside for a short period of time while the masses and the sideline money jump onto the upward momentum train that take us past the previous ATH and into the $3k to $13k price per BTC range.   Let's say on average at the moment anticipating a $7,500 price per BTC would put BTC market cap at approximately $105 billion. Such a market cap does NOT seem outside of reason given the amount of infrastructure building in the BTC space (and the sheer powerfulness of the BTC computing network).... but even $7.5k per BTC may NOT be sustainable until after the next halfing of BTC mining production.. and until more BTC infrastructure is built.... but yep, BTC prices can surely escalate into a couple more 5x to 10x bubbles so long as the network and adoption keeps expanding at extrapolated levels of its current pace.

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November 14, 2014, 05:57:27 PM
 #2251

I think y'all scared the momentum away. Next time, watch silently so we don't scare the uptick away. Watch out for bear traps too.
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November 14, 2014, 09:11:09 PM
 #2252

I think y'all scared the momentum away. Next time, watch silently so we don't scare the uptick away. Watch out for bear traps too.

The price goes up, short need to buy back so the price goes higher ect. then it reverses

Yah the scale on that makes it look super dramatic, barely a hiccup really.

Bitcoin be like ... https://www.youtube.com/watch?v=6GRuzaMwvrA

Stay calm gentlemen, there was erratic behaviour very similar before the last ath too
Its all to be expected on the way up

How many months do you anticipate BTC prices will be lingering in these $360 to $800 prices? 

I am thinking that we could be in this price range for 6 months or potentially longer (maybe up to a year), even though it does seem that the next bubble is more imminent, such as more likely to occur within the next 1-3 months.

My current theory also is that once BTC prices get into the $750 to $850 range, then the taking of profits will likely subside for a short period of time while the masses and the sideline money jump onto the upward momentum train that take us past the previous ATH and into the $3k to $13k price per BTC range.   Let's say on average at the moment anticipating a $7,500 price per BTC would put BTC market cap at approximately $105 billion. Such a market cap does NOT seem outside of reason given the amount of infrastructure building in the BTC space (and the sheer powerfulness of the BTC computing network).... but even $7.5k per BTC may NOT be sustainable until after the next halfing of BTC mining production.. and until more BTC infrastructure is built.... but yep, BTC prices can surely escalate into a couple more 5x to 10x bubbles so long as the network and adoption keeps expanding at extrapolated levels of its current pace.

100billions of market cap is not out of the question at all if there are hints that Bitcoin could get way bigger in a few years


A NEW WAY TO GAMBLE               FASTBETS.IO              FUN GAMES & GREAT ODDS
BitBear2
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November 14, 2014, 10:31:33 PM
 #2253

If they continue to implement bitcoin payment in social aspect it will def grow bigger. I think this is the most important step to be made as for bitcoin to be adopted as a universal payment method.
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November 22, 2014, 04:47:55 PM
 #2254




Some of the new elite just got very wealthy again Tongue

Nah, they already were before that happened.

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November 25, 2014, 01:07:14 PM
 #2255

Analysis: Around 70% of Bitcoins Unspent for Six Months or More

http://www.coindesk.com/analysis-around-70-bitcoins-dormant-least-six-months/

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
philiveyjr
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November 25, 2014, 01:54:50 PM
 #2256

I didn't know we are allowed to post threads anonymously. How do I do that?



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    ▀▀▀▀▀▀▀▀▀▀     ▀▀▀▀▀▀▀▀▀▀██▀▀██▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀      ▀▀▀▀▀
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.PLACE A BET.
Bagatell
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November 25, 2014, 01:56:37 PM
 #2257

I didn't know we are allowed to post threads anonymously. How do I do that?

You have to get banned.
picolo
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November 25, 2014, 09:27:22 PM
 #2258

I didn't know we are allowed to post threads anonymously. How do I do that?

You have to get banned.

The question comes back every few pages Grin

If they continue to implement bitcoin payment in social aspect it will def grow bigger. I think this is the most important step to be made as for bitcoin to be adopted as a universal payment method.

I think the proprieties as a way to exchange value is already enough but any other functionality is welcome.


A NEW WAY TO GAMBLE               FASTBETS.IO              FUN GAMES & GREAT ODDS
cuddaloreappu
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November 27, 2014, 01:04:11 AM
 #2259

The OP of this thread was banned after this thread was created,hence it shows as anonymous...AFAIK
BlindMayorBitcorn
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November 27, 2014, 01:05:48 AM
 #2260

The OP of this thread was banned after this thread was created,hence it shows as anonymous...AFAIK

I've heard his name was Atlas and he was just a kid

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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