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Question: Bitcoin Forecast: What do you expect BTC/USD prices to do in the next 4 weeks?
Up
Down
Same as now
I don't know

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Author Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?  (Read 535649 times)
caveden
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April 12, 2011, 07:39:35 AM
 #341

Just a bit of fundamental prospective, The Bitcoin economy size was much smaller when we hit the $1.1 peak.  At that time the amount of good and services offered by the economy, by my estimation supported around a 10c price. So there was a 10x speculation.

How do you come with such a guess? No offense, but this looks no more "fundamental" than astrology...
Do you consider, for example, that the simple fact that bitcoins are a good way to protect yourself against inflation is a "service" of its own?

IMHO, the main "fundamental" factor driving bitcoins prices is the number of people who understand about it and who also happen to understand how bad fiat money is. The more people that knows that, the higher the price of bitcoins will go...

18rZYyWcafwD86xvLrfuxWG5xEMMWUtVkL
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da2ce7
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April 12, 2011, 08:09:16 AM
 #342

Just a bit of fundamental prospective, The Bitcoin economy size was much smaller when we hit the $1.1 peak.  At that time the amount of good and services offered by the economy, by my estimation supported around a 10c price. So there was a 10x speculation.

How do you come with such a guess? No offense, but this looks no more "fundamental" than astrology...
Do you consider, for example, that the simple fact that bitcoins are a good way to protect yourself against inflation is a "service" of its own?

IMHO, the main "fundamental" factor driving bitcoins prices is the number of people who understand about it and who also happen to understand how bad fiat money is. The more people that knows that, the higher the price of bitcoins will go...

All astrology, I'm quite good at it actually.  Shocked

One off NP-Hard.
LZ
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April 12, 2011, 01:50:04 PM
 #343

It seems that the exchange rate may exceed $1 soon again. Cheesy

kiba
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April 12, 2011, 02:07:23 PM
 #344

It seems that the exchange rate may exceed $1 soon again. Cheesy

And we will have a bigger economy to support it too.

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April 12, 2011, 05:43:07 PM
 #345

Freemoney and bitcool:

Will do 50 btc with each of you.

On silver spot price trading below 30 at least intraday before may 31, 2011.

Consider it booked. I just want to know what source you consider valid for this. I watch Kitco, don't know if that's lame or rigged or whatever. 

Booked.
I am fine with whatever source, as long as it tracks New York SILVER SPOT. kitco is fine, see link:

http://www.kitco.com/charts/livesilver.html#ny

bitcool
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April 12, 2011, 06:30:31 PM
 #346

Freemoney and bitcool:

Will do 50 btc with each of you.

On silver spot price trading below 30 at least intraday before may 31, 2011.

Consider it booked. I just want to know what source you consider valid for this. I watch Kitco, don't know if that's lame or rigged or whatever. 

Booked.
I am fine with whatever source, as long as it tracks New York SILVER SPOT. kitco is fine, see link:

http://www.kitco.com/charts/livesilver.html#ny

Sure, I am in.
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April 12, 2011, 08:41:26 PM
 #347

1

LZ
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April 12, 2011, 10:33:42 PM
 #348


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April 13, 2011, 06:40:18 PM
 #349

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BitterTea
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April 13, 2011, 07:21:03 PM
 #350

I bought some MTGox credit from mndrix last week, and I was planning on holding it for another drop in the exchange rate. Well, after reading your special update on the 11th, I decided to buy at the current price.

I suppose you deserve another donation for that. Smiley
S3052
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April 13, 2011, 07:28:19 PM
 #351

I bought some MTGox credit from mndrix last week, and I was planning on holding it for another drop in the exchange rate. Well, after reading your special update on the 11th, I decided to buy at the current price.

I suppose you deserve another donation for that. Smiley

Thanks so much.
I am happy if my followers are happy.

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April 14, 2011, 01:50:25 PM
 #352


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April 14, 2011, 09:27:18 PM
 #353

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nster
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April 14, 2011, 09:41:37 PM
 #354

We actually did hit 1$ on Mtgox (yesterday morning), and we are on it right now!


167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome Smiley Please be kind if I helped
S3052
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April 14, 2011, 09:43:25 PM
 #355

correct, as I have stated in the report:

"As forecast, BTC/USD have indeed broken impulsively above 0.8$ and also above 0.9$, which paved the way to PARITY again."

nster
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April 15, 2011, 03:06:13 AM
 #356

correct, as I have stated in the report:

"As forecast, BTC/USD have indeed broken impulsively above 0.8$ and also above 0.9$, which paved the way to PARITY again."

I thought I saw "which will pave the way to parity again" sorry, read too fast Tongue  Embarrassed

167q1CHgVjzLCwQwQvJ3tRMUCrjfqvSznd Donations are welcome Smiley Please be kind if I helped
nster
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April 15, 2011, 07:05:19 AM
 #357

we hit 1.08$ Smiley Soooo close to the all-time high

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wobber
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April 15, 2011, 07:13:01 PM
 #358

And it seems is going down again...

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April 15, 2011, 08:39:47 PM
 #359

And it seems is going down again...

You are sooo impatient Smiley. Corrections are natural, even more when market is on all-time extremes. And every correction is good chance to buy more bitcoins for great price!

da2ce7
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April 16, 2011, 01:17:42 AM
 #360

Yesterday was our biggest trading day of all time.  In total almost $50K was traded.  Leading the price only $0.02 lower.  Exciting times

One off NP-Hard.
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