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Author Topic: Do you really belive that you won't be able to buy at 20$ again?  (Read 3091 times)
DoomDumas
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February 08, 2013, 06:02:05 AM
 #41

People really can't believe this rally?

Exponential growth coupled with a reward halving. If you haven't noticed, the bounce back from BTC50k being sold was almost immediate.

To me this did'nt look like a rally yet.. just the knowledgeable and wise that are anticipating the real power of bitcoins..  wait for the mass to realize..

To get a more realistic view of this, we must use Log Scale Charts.. and look to history

Few years ago, I sold more than 5k BTC under 1$..

Charts where looking like this at this time..  (Always using log scale for more realistice point of view)



I got in at 0.15  Selling @ 0.90 was a 5 fold increase..  Going from 0.15 to 0.90 use half of the scale.  Going from 1 to 10 uses the other half of the scale, wich is a 10 fold increase.

Look at this chart, Log scale, last 6 month..  It just double, and a bit more.. 2 fold increase, same time frame..



Did those charts look similar ?  The 0.15 to 1$ looks exactly like the 10 to 20 part of the actual chart..



Bitcoins are still unkonwn from 99% of the poeples...

Imagine a 2 fold from now, its 40, 5 fold from now its 100, and this shit is doomed to go mainstream... watch out, we are still the early adopters...

In a decade or so, I may be able to buy a car for my child, paying with BTC, for a price tag under 50 BTC !


I still buy BTC, and will do so, at market price, all the way under 100$, maybe more !  Just hope to have enought fiat, to cash in BTC before it pops to its real stabilized value !


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February 08, 2013, 06:06:42 AM
 #42

Just hope to have enought fiat, to cash in BTC before it pops to its real stabilized value !

this x 1000  Undecided
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February 08, 2013, 06:08:57 AM
 #43

By far the most beautiful ASIC layout



that much hashing power will be included in my 2019-model smartphone


With a portable nuclear power plant  Grin

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April 09, 2013, 07:44:05 PM
 #44

I need to up my own topic.

Shame on me and enjoy the ride!

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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