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Author Topic: Reminder - *no one* knows what is going to happen with Bitcoins.  (Read 1167 times)
gabriella
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June 09, 2011, 12:40:24 AM
 #1

people can say this or that, predict so and so...

but the fact remains no one in this world can see beyond 3 days what the long-term strategy, let alone the endgame, for Bitcoins is.
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Drifter
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June 09, 2011, 12:41:05 AM
 #2

No shit.

rezin777
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June 09, 2011, 12:43:26 AM
 #3

People can see 3 days into the future?
imperi
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June 09, 2011, 12:44:15 AM
 #4

Endgame: I will hire gabriella for a night for only 0.5 BTC.
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June 09, 2011, 12:44:48 AM
 #5

3 days?  I can't see past 3 minutes.  And even that runs me out of Mana pretty quickly.  You must be a pretty high level...

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Bit_Happy
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June 09, 2011, 12:47:57 AM
 #6

Bitcoin Project:
An exciting experiment: No one knows what is going to happen.

Bitcoin Value:
It is drop-dead simple to predict we have entered a trading-range. Don't expect $50/BTC without having some patience and building the economy a great deal more.

imperi
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June 09, 2011, 12:50:37 AM
 #7

Historically, bitcoins have doubled in value roughly every 31 days. Keep this in mind. There's been 8 or 9 doublings so far since October, I believe.
Jaime Frontero
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June 09, 2011, 12:51:55 AM
 #8

people can say this or that, predict so and so...

but the fact remains no one in this world can see beyond 3 days what the long-term strategy, let alone the endgame, for Bitcoins is.

Bitcoin is a non-sentient currency, and has no strategy.  you speak as though there is some central, guiding hand.  there isn't.

you may have a strategy.  and your actions may have an effect on what happens to Bitcoin, if they are broad enough.

but that's pretty much it.
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June 09, 2011, 12:58:26 AM
 #9

Historically, bitcoins have doubled in value roughly every 31 days. Keep this in mind. There's been 8 or 9 doublings so far since October, I believe.

OK, your predicting ~$54 within a month(?), and I say "trading range + we need to build the economy".
Let's see who is correct, OK?    Cheesy

imperi
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June 09, 2011, 01:46:16 AM
 #10

Historically, bitcoins have doubled in value roughly every 31 days. Keep this in mind. There's been 8 or 9 doublings so far since October, I believe.

OK, your predicting ~$54 within a month(?), and I say "trading range + we need to build the economy".
Let's see who is correct, OK?    Cheesy


I'm just looking at the data trend which has been a clear exponential increase, although rough. If people see the economy will really go somewhere, that could make the trading value jump from future speculation. Any number of factors could increase the value a lot. It could also stagnate for two or three months, and then suddenly shoot up 3x or 4x for some new reason.
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June 09, 2011, 01:53:58 AM
 #11

Historically, bitcoins have doubled in value roughly every 31 days. Keep this in mind. There's been 8 or 9 doublings so far since October, I believe.

OK, your predicting ~$54 within a month(?), and I say "trading range + we need to build the economy".
Let's see who is correct, OK?    Cheesy


I'm just looking at the data trend which has been a clear exponential increase, although rough. If people see the economy will really go somewhere, that could make the trading value jump from future speculation. Any number of factors could increase the value a lot. It could also stagnate for two or three months, and then suddenly shoot up 3x or 4x for some new reason.

Greed and fear are major factors in any market, and trading ranges are a part of human nature.

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June 09, 2011, 03:21:29 AM
 #12

No shit.

^^

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