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Author Topic: Bitcoin over $15, what does it mean for you?  (Read 2610 times)
CashBitango
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January 17, 2013, 08:02:21 PM
 #1

The price of bitcoin is at this moment above 15; 15.57 to be exact.

What does this mean to you? Do you want to buy more, do you have money to buy with, do you have all the bitcoins you want?

To start off, to me it means I've had a good run already. I got into bitcoin quite a few months ago, and then the price was much lower. I liked the idea of Bitcoin, so I bought some. It seemed like a good solution to problems.

Since then I've pretty much bought the amount that I think I want. I think there's always risks, so I never go "all in". But I do have quite a few percent of my portfolio in BTC.

I actually hope that BTC might make me a serious profit. I think our financial systems are having massive problems, and BTC offers a solution. It's not perfect, but it's the best so far.
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January 17, 2013, 08:04:46 PM
 #2

CRASH IS INCOMING, SELL, SELL, SELL!
Zebulon Pike
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January 17, 2013, 08:36:32 PM
 #3

Looking at the charts, $15 is not a significant number.  There might be a floor at around $10, but considering that the price didn't even hover for a bit at the previous ceiling between $14-$15, I would say that it is just a round number that some people like.  Also, that previous price crash at this point appears to have been fundamentally motivated, not technically (from a trading analysis standpoint).

I would love to know what volume of transactions is just from traders, rather than people who need to acquire bitcoins to make purchases.  My gut is that it is mostly traders...

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January 17, 2013, 08:39:16 PM
 #4

It means more purchasing power if you hold Bitcoins.


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January 17, 2013, 09:00:54 PM
 #5

Been a while since we've seen a good sized crash, I think this is just accelerating it. I hope it does crash and that way I can buy some btc for cheap. None of it matters in the long term. In the long term btc will keep growing and we'll see it keep growing steadily---it'll hit 16, then crash to 10. eventually it'll grow steady to 15/16 again, spike to 18 or 20 then crash to 12 or 15, repeat to 25 repeat to 15 or 20, repeat, repeat, repeat.
The long term trend is still growth though.

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Akka
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January 17, 2013, 09:04:00 PM
 #6

The price of bitcoin is at this moment above 15; 15.57 to be exact.

What does this mean to you?

All things happen in fives, or are divisible by or are multiples of five, or are somehow directly or indirectly appropriate to 5. The Law of Fives is never wrong.
—Malaclypse the Younger, Principia Discordia, Page 00016

I see it's been proven again.

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January 17, 2013, 10:04:05 PM
 #7

The number 5 is intrinsically related to Phi and the Fibonacci series:

(5 + √5) x (5 – √5) = 5 + 5 + 5 + 5

Take a pentagon with 5 equal sides and connect all the points to form a 5-pointed star.  The ratios of the lengths of the resulting line segments are all based on phi.

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MonsterZero
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January 17, 2013, 10:06:01 PM
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Very little as I have none.
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January 17, 2013, 10:09:52 PM
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deus-ex-machina
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January 17, 2013, 10:57:27 PM
 #10

It means some jackass just stole thousands of USD from me with a bruteforce and I happen to make less yearly than a bum does daily. That's what it means.
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January 17, 2013, 11:02:22 PM
 #11

The price of bitcoin is at this moment above 15; 15.57 to be exact.

What does this mean to you?

All things happen in fives, or are divisible by or are multiples of five, or are somehow directly or indirectly appropriate to 5. The Law of Fives is never wrong.
—Malaclypse the Younger, Principia Discordia, Page 00016

I see it's been proven again.

If you take the 5s from the numbers in that sentence, you are left with two ones and a seven. If you take the ones from the seven, you get five. It's inescapable.

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January 17, 2013, 11:52:12 PM
 #12

personally it makes me anxious because i'd like to be very heavily invested in bitcoins, but don't have any spare fiat to pump into it yet.

if i had a spare $500k, that's about how much i'd be willing to dump in at this point.
iamsomeoneelse
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January 18, 2013, 01:22:10 AM
 #13

wow... just wow.
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January 18, 2013, 04:12:39 AM
 #14

that is expensive
Herodes
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January 18, 2013, 04:22:04 AM
 #15

Currently the price is at 15.8. After quick raises, there's usually a correction. If you hit it well, you sell out at the top, and buy back lower later. Smiley
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January 18, 2013, 04:55:26 AM
 #16

Not selling. Just might buy some more on a correction.

By itself, this doesn't necessarily mean much but if it stabilizes for a while, it's some vindication of the confidence many have.

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January 18, 2013, 04:56:49 AM
 #17

Oh god, this is turning into a 23 type thread. I couldn't stand when everyone was on their 23 kick. Welcome back to highschool, me. "DUDE, EVERYTHING IS BASED ON 23!"
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January 18, 2013, 05:07:16 AM
 #18

Oh god, this is turning into a 23 type thread. I couldn't stand when everyone was on their 23 kick. Welcome back to highschool, me. "DUDE, EVERYTHING IS BASED ON 23!"

You know, I just took what you said and ran it through an ascii to binary converter, and I discovered that the result has 755 zeroes (divisible by 5). Weird. So I removed all the zeroes. That left 573 ones. Five hundred..... and seventy three? Weird, I thought. So I added the numbers and I discovered that 5 + 7 + 3 is 15, which is also divisible by 5. Wait a minute... 23... 2+3=5... OH SHIT ITS NOT ABOUT 23.. ITS ABOUT FIVE.....

OH MY GOD EVERYTHING HAS SOMETHING TO DO WITH THE NUMBER FIVE!!
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January 18, 2013, 05:13:29 AM
 #19

Oh god, this is turning into a 23 type thread. I couldn't stand when everyone was on their 23 kick. Welcome back to highschool, me. "DUDE, EVERYTHING IS BASED ON 23!"

You know, I just took what you said and ran it through an ascii to binary converter, and I discovered that the result has 755 zeroes (divisible by 5). Weird. So I removed all the zeroes. That left 573 ones. Five hundred..... and seventy three? Weird, I thought. So I added the numbers and I discovered that 5 + 7 + 3 is 15, which is also divisible by 5. Wait a minute... 23... 2+3=5... OH SHIT ITS NOT ABOUT 23.. ITS ABOUT FIVE.....

OH MY GOD EVERYTHING HAS SOMETHING TO DO WITH THE NUMBER FIVE!!

I shat myself hate you.
b!z
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January 18, 2013, 07:19:26 AM
 #20

BUY BUY BUY before it's too late
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