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Author Topic: Bears, it's over.  (Read 3321 times)
redbeans2012
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January 29, 2013, 06:31:15 AM
 #21

Easily $10k per BTC. Grin

Actually very likely but the road to 10000 USD per 1 BTC will wind through bear country with many healthy and hungry bears along the way. If one believes even for a single moment that all the bears are dead, then it becomes almost certain that one gets eaten by a bear along the way.

As long as the gambling industry keeps growing, poker especially, the bears wont stand a chance.  Gamblers are nuts and will learn how to get their hands on bitcoins to play their little poker game. :p
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January 29, 2013, 09:45:03 AM
 #22

Easily $10k per BTC. Grin

Actually very likely but the road to 10000 USD per 1 BTC will wind through bear country with many healthy and hungry bears along the way. If one believes even for a single moment that all the bears are dead, then it becomes almost certain that one gets eaten by a bear along the way.
exactly. and to think governments and the establishment will give up control and wealth without a fight is naive. rough times ahead.

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Luno
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January 29, 2013, 09:58:46 AM
 #23

You decide:

Bears have a lifespan of 15 to more than 30 years in the wild.

Bulls can live to 10 to 14 years of age, but most are culled or slaughtered for beef when they're around 5 to 6 years old.


 
 
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waspoza
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January 29, 2013, 10:14:52 AM
 #24

Yeah bears, it's over. Even Ben Bernanke gave up:

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January 29, 2013, 10:28:35 AM
 #25

Bernanke have an invalid address!


 
 
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cbeast
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January 29, 2013, 10:38:06 AM
 #26

With Bitcoin going up so high and such low trading volume, it looks like someone is buying. Is there a whale quietly buying Bitcoin?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 29, 2013, 10:41:22 AM
 #27

With Bitcoin going up so high and such low trading volume, it looks like someone is buying. Is there a whale quietly buying Bitcoin?

I would say low volume + higher prices = few people willing to sell at current prices.
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January 29, 2013, 10:45:48 AM
 #28

Enjoy your bubble until it bursts. I'll be waiting. Got plenty of time.

muyuu
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January 29, 2013, 11:19:50 AM
 #29

Enjoy your bubble until it bursts. I'll be waiting. Got plenty of time.
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Got any coins left to sell?

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waspoza
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January 29, 2013, 11:24:53 AM
 #30

Enjoy your bubble until it bursts. I'll be waiting. Got plenty of time.

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January 29, 2013, 03:08:40 PM
 #31

This is just your single opinion. Tell that to the average joe who only knows how to check his email and nothing more.

I think you give the average joe too much credit!

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January 29, 2013, 04:12:09 PM
 #32

The bubble needs to rise faster to pop.  That drop last week let some of the air out.  I'm just disappointed I won't win the free 10 bitcoins.
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January 29, 2013, 04:27:33 PM
 #33

Unless btc is really going 'to the moon,' it's pretty much guaranteed that there will be another 50% correction given an unlimited time horizon.  Hence, it's NEVER over for a true bear - I do have to admit to feeling rather frustrated my entry price seems an awfully long way away at this point tho.

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cbeast
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January 29, 2013, 04:31:19 PM
 #34

Unless btc is really going 'to the moon,' it's pretty much guaranteed that there will be another 50% correction given an unlimited time horizon.  Hence, it's NEVER over for a true bear - I do have to admit to feeling rather frustrated my entry price seems an awfully long way away at this point tho.
50% of what? Half the most recent gain? Half the recent rate of growth? Half the overall value? Even the corrections themselves can be subject to halving with diminishing returns on speculation.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
DeathAndTaxes
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January 29, 2013, 04:32:50 PM
 #35

Unless btc is really going 'to the moon,' it's pretty much guaranteed that there will be another 50% correction given an unlimited time horizon.  Hence, it's NEVER over for a true bear - I do have to admit to feeling rather frustrated my entry price seems an awfully long way away at this point tho.

Well even IF BTC goes to the moon there likely will be multiple large corrections. Still that does little good if someone is waiting for $1 USD:BTC and even with the next correction it doesn't go below $11.  Smiley
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January 29, 2013, 04:56:34 PM
 #36

Well even IF BTC goes to the moon there likely will be multiple large corrections. Still that does little good if someone is waiting for $1 USD:BTC and even with the next correction it doesn't go below $11.  Smiley

Very true with regard to relative price change - but I will be quite surprised if we don't see sub $10USD btc at some time within the next 6 months.  And for the record - no I'm not waiting on $1 btc - though I wouldn't be to upset to see it ;-)

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January 29, 2013, 06:32:35 PM
 #37

Well even IF BTC goes to the moon there likely will be multiple large corrections. Still that does little good if someone is waiting for $1 USD:BTC and even with the next correction it doesn't go below $11.  Smiley

Very true with regard to relative price change - but I will be quite surprised if we don't see sub $10USD btc at some time within the next 6 months.  And for the record - no I'm not waiting on $1 btc - though I wouldn't be to upset to see it ;-)

Prepare to be surprised.  I would love the opportunity to buy at $10 again.

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January 29, 2013, 06:41:49 PM
 #38

Just some food for thought - over the last three years, *every* major bitcoin correction was to a level slightly above previous high. Can't be certain of course, but it does look like the next correction would be down to 33$ or something.

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