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Author Topic: $700 by Nov 11 (not Nov 17)?  (Read 2593 times)
AZwarel
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November 03, 2015, 06:07:07 AM
 #41

We're mostly on the rise, so I think correction would now set in. Looking at it, maybe a floor of $330-$340, then another rise.

Who knows, we might hit the $400 barrier anytime soon, but $700? No.

400$ should/would fall today (pretty close actually, went up to 378, 399 on CNY). As someone already said, most 200x buyers traded by now, for example: bearstamp had 20 minutes, where there were actually no coins for sale. Now traders moving coins to exchanges for actual trade out of "cold stash". Still demand>>supply. We broke many supposedly hard to brake resistance levels in minutes,the price effectively rose a 100$ in a couple of days, and for now as of 03.11 6.00 Am CET, price holds, and China buys again above USD price. This is rally. Much buy, OMG price. Enjoy  Smiley
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btcbeliever
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November 03, 2015, 05:43:37 PM
 #42

...
To reach $700 for 2 weeks the price of bitcoin should be pumped every day for about $25 a day.
To go from $350 to $700 in 2 weeks, with continual compounding, use the rule of 70 (or https://en.wikipedia.org/wiki/Rule_of_72  )
in 14 days, a 5% daily increase will result in a doubling  (70/15 = 5)

5% of $350 is only $17.50.

In the last 72 hours we went on bitfinix from $318 to $414, which is $32 per day increase.

Maybe $700 is too low a guestimate for a Nov 17 target?
If we don't get some corrections along the way (I know a big if) we may touch 700 in only 9 days
(70/8% per day = 9 days)

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November 03, 2015, 06:58:31 PM
 #43

...
To reach $700 for 2 weeks the price of bitcoin should be pumped every day for about $25 a day.
To go from $350 to $700 in 2 weeks, with continual compounding, use the rule of 70 (or https://en.wikipedia.org/wiki/Rule_of_72  )
in 14 days, a 5% daily increase will result in a doubling  (70/15 = 5)

5% of $350 is only $17.50.

In the last 72 hours we went on bitfinix from $318 to $414, which is $32 per day increase.

Maybe $700 is too low a guestimate for a Nov 17 target?
If we don't get some corrections along the way (I know a big if) we may touch 700 in only 9 days
(70/8% per day = 9 days)



Guys everything is possible,
Really i understood it today when i wake up,
A 55 USD change within 24 hours is large, so 285$ is the difference to $700
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November 03, 2015, 07:10:56 PM
 #44

...
To reach $700 for 2 weeks the price of bitcoin should be pumped every day for about $25 a day.
To go from $350 to $700 in 2 weeks, with continual compounding, use the rule of 70 (or https://en.wikipedia.org/wiki/Rule_of_72  )
in 14 days, a 5% daily increase will result in a doubling  (70/15 = 5)

5% of $350 is only $17.50.

In the last 72 hours we went on bitfinix from $318 to $414, which is $32 per day increase.

Maybe $700 is too low a guestimate for a Nov 17 target?
If we don't get some corrections along the way (I know a big if) we may touch 700 in only 9 days
(70/8% per day = 9 days)



It won't go up in a straight line. If the average increase is $17, then some days will be +$32 or +$40 and some days will be 0 or negative.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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November 03, 2015, 07:15:13 PM
 #45

...
To reach $700 for 2 weeks the price of bitcoin should be pumped every day for about $25 a day.
To go from $350 to $700 in 2 weeks, with continual compounding, use the rule of 70 (or https://en.wikipedia.org/wiki/Rule_of_72  )
in 14 days, a 5% daily increase will result in a doubling  (70/15 = 5)

5% of $350 is only $17.50.

In the last 72 hours we went on bitfinix from $318 to $414, which is $32 per day increase.

Maybe $700 is too low a guestimate for a Nov 17 target?
If we don't get some corrections along the way (I know a big if) we may touch 700 in only 9 days
(70/8% per day = 9 days)



It won't go up in a straight line. If the average increase is $17, then some days will be +$32 or +$40 and some days will be 0 or negative.

For the past 24 hours the price has been increased for 55 USD.
So there are many chances that the price in two weeks can reach 700.
If this trend continues we can see by Sunday the OP's target.
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November 03, 2015, 07:43:38 PM
 #46

I think 700 $ is a matter of time to reach.I will totally agree with this that by Nov 11 or even before of this given date it is quite possible to see it happening.Price begins to increase rapidly and by tomorrow we can see 500 $ and then so on to 700 by the end of this week.

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