How long will we continue to push new highs?

[BlackLilac Jordan]

Wordpress, reddit, now namecheap. The mainstream dominos are starting to fall, within 6 months Bitcoin will be standard, which means potentially exponential growth. My estimation is that it will level off around $3000 USD by Jan 1st, 2014.

[zoinky]

Wordpress, reddit, now namecheap. The mainstream dominos are starting to fall, within 6 months Bitcoin will be standard, which means potentially exponential growth. My estimation is that it will level off around $3000 USD by Jan 1st, 2014.

Quite an estimation... I'd be surprised & happy to see even $100/BTC by the end of the year.

[mccorvic]

It'll keep going up as long as bears like Adam and Proudhun keep trying to tell people to sell because they have "foreseen it" or whatever silly bear logic  they can come up with.

[Bit_Happy]

If the blow-off top was only one day this time, then it is over already.
If not, then you are watching a dramatic mutli-day medium-term high.
If you think this is "a new type of economy that always goes up", then you should invest in the 2001 dot-com bubble.

[steamboat]

We will continue to push new highs until the market finds equilibrium. Such is the way of the free market economy.


Vague, supercilious answer aside, given the current adoption, transaction and exchange volume, and publicity, I'm putting my money on $117.17 by August 17th, 2013.

[sublime5447]

My customers are not buyers at this point. I say any day we crash

[phantastisch]

I saw a thread where proudhon advised to sell. So no correction coming any time soon. 

[BitcoinTate]

My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

Best prediction yet! lol

[steamboat]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

[adamstgBit]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

[steamboat]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

Hey Adam, I know a really great place to buy cheap coins when the market crashes...

[piramida]

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

his customers were not buying at 20 as well, so that gives a perspective my guess is these are imaginary customers.

[sublime5447]

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

+1 people  Some people enjoy being told the truth. I could lie to them and do what is done around here. buybuybuybuy it is a great deal buy, but that is not my style. I tell the truth as i see it..always. You know what you are getting with me.

I have found that honest is truly the best policy. Some people call me brutally honest, because i tell people the truth even if I know they dont what to here it.. So ladies dont ask me if you look fat in that dress! 

[steamboat]

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

his customers were not buying at 20 as well, so that gives a perspective my guess is these are imaginary customers.

He has sold a few coins on bitcoinfriends, roughly .5 seconds worth of trades on gox in the last month.

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

+1 people  Some people enjoy being told the truth. I could lie to them and do what is done around here. buybuybuybuy it is a great deal buy, but that is not my style. I tell the truth as i see it..always. You know what you are getting with me.

I have found that honest is truly the best policy. Some people call me brutally honest, because i tell people the truth even if I know they dont what to here it.. So ladies dont ask me if you look fat in that dress!  

The truth is not subjective. What you spew is subjective FUD you refuse to back up with any logical analysis when questioned on the reasoning used when reaching your "conclusions".  Honesty IS the best policy. Traipsing around pretending to have done any kind of methodical research about the market you claim to be "heavily involved" in does not an honest man make.

If you want to be taken seriously, stop pretending to understand what's going on, READ the incredibly valuable information found here and on the wiki, and think about what you post instead of spamming the forums with nonsensical garbage.

Everyone seems like an elitist asshole to you because you don't know what you're talking about.  There are plenty of bears here who do not get razed nearly as much as you because, while misguided and most often wrong, they attempt to think logically about their argument and present their findings in a clear and concise manner. Try it sometime. You'll be surprised how quickly others reactions to you change.

[piramida]

He has sold a few coins on bitcoinfriends, roughly .5 seconds worth of trades on gox in the last month.

Ok I see. A rather pointless service, given localbitcoins where you can get your one coin in an hour without becoming a trusted friend on facebook But whatever tickles. For someone who tries to promote an idea of bitcoin, he did an amazingly shitty job with useless rants on "This market is bullshit" instead of trying to educate himself and his "friends". I like how bitcoin shakes off weaklings. It may be cruel, but we have enough adoption as it is, don't need people spreading unfounded FUD.

[tvbcof]

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.

[Odalv]

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.

This is Bitcoin the raw capitalism.

[wormbog]

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.

This would certainly explain the recent price movement.

I'll probably sell a few when we hit $4000.

[tvbcof]

I'll probably sell a few when we hit $4000.

I'm getting pretty close to the point where I'll want to recoup my initial outlay.  Most of the remainder of my BTC I'll likely sit on for many years irrespective of what happens to the price.  Unless I see a looming terminal fracture of the system of course, or some other system evolves which I would prefer to support.

[rpietila]

I'll probably sell a few when we hit $4000.

I'm getting pretty close to the point where I'll want to recoup my initial outlay.

My plan was to sell 1/5 when that would have recouped my investment. That day is long overdue and I haven't sold a satoshi. Why? There is not much to buy in the market.

It would feel kinda stupid to sell for fiat, and I already have loads of silver and enough gold.

Besides I just today enabled for some of the owners in Silverbank (www.silverbank.net) the opportunity to switch from silver to bitcoins. There is $4M worth of silver there and we believe about 10% would do the switch in 2 months.

Another 3 days of bitcoin supply gobbled up from the market...