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Author Topic: The $1 barrier, the $50 barrier, and a >$300 peak.  (Read 1311 times)
poly
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March 19, 2013, 02:37:41 PM
 #1



What happened after the $1 barrier was crossed? Bitcoin went up 3300%. That bubble was likely to be caused by BTCS&T, but I don't think the rally up to $5 was a bubble.

if history is an indicator, we'd see continued rises to $75, another strong psychological barrier at $100, and assuming we break through that we'd see rapid price rises (~$300-$500). After so many barriers were broken down, the coins from the weak hands would have moved to stronger hands and we'd see much less resistance. There's no doubt that many people will be cashing out their profits, but bitcoin will get far more media attention and the demand will far outstrip the supply. So, really the sky is the limit, if we break $100.

When that bubble bursts, expect $80 bitcoins, not single digits.

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March 19, 2013, 05:53:00 PM
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What happened after the $1 barrier was crossed? Bitcoin went up 3300%. That bubble was likely to be caused by BTCS&T, but I don't think the rally up to $5 was a bubble.

if history is an indicator, we'd see continued rises to $75, another strong psychological barrier at $100, and assuming we break through that we'd see rapid price rises (~$300-$500). After so many barriers were broken down, the coins from the weak hands would have moved to stronger hands and we'd see much less resistance. There's no doubt that many people will be cashing out their profits, but bitcoin will get far more media attention and the demand will far outstrip the supply. So, really the sky is the limit, if we break $100.

When that bubble bursts, expect $80 bitcoins, not single digits.

The first post regarding the starting up of BTCS&T was on November 3rd 2011[1].  It couldn't possibly have had anything to do with the bubble and subsequent collapse that happened completely before that date.  Try again.

1. https://bitcointalk.org/index.php?topic=50822.0

https://www.bitcoin.org/bitcoin.pdf
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March 19, 2013, 06:14:49 PM
 #3

Nice thread, I agree that there is not a "bubble", I'm getting board of that word.

I'd love to see more fluctuation though with the upwards trend, I'm getting board of only ever holding all the time.



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March 20, 2013, 12:17:27 AM
 #4

Wow so Pirate even had an affect on prices before he started his BTCS&T lol  Cheesy

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March 20, 2013, 04:51:45 AM
 #5

Wow so Pirate even had an affect on prices before he started his BTCS&T lol  Cheesy
Look at our rally, that must mean pirate is coming back with another ponzi!
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