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Author Topic: Looks like we are going to hit 1000 usd this year  (Read 4962 times)
oOoOo
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March 25, 2013, 09:35:55 PM
 #21

threads like this are typical at bubble peak

There has been one bubble peak in the history of bitcoin. typical > 1

yeah, because bitcoin is the only thing that has ever bubbled in financial history  Roll Eyes
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justusranvier
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March 25, 2013, 09:43:54 PM
 #22

Since Bitcoin started being traded at Mt Gox it has increased by an average of 6.8% per week. Based on that the exchange rate should be around $300 by the end of the year.

Since the beginning of 2013 the exchange rate has increased by an average of 15.4% per week. Based on that the exchange rate should be around $12000 by the end of the year.

My guess is somewhere in between those two numbers.

Edit: It helps to look at the right line on the spreadsheet.
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March 25, 2013, 09:46:57 PM
 #23

For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!


It has not done that since...hmm...what is $75 divided by $4 (price this time last year) * 100%?

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April 02, 2013, 08:55:30 PM
 #24

I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.



Just quoting you in case you delete your post Grin

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April 02, 2013, 09:05:32 PM
 #25

For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!
$114 -> $1000 is 777% increase. No?
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April 02, 2013, 09:08:15 PM
 #26

For it to reach $1,000/BTC a year from today it would have to go up over 1300%!!!
$114 -> $1000 is 777% increase. No?

Although possible, I do not think we will hit $1000 this year. And I'm one of the biggest bulls here.
I do think that U$S300-U$S500 is very possible.
I believe the rate of speculators will decrease overtime and the coin will start to get used more and more as a trading currency.




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April 02, 2013, 09:11:33 PM
 #27

I don't either, I was just pointing out the math was wrong. I've corrected 2 or 3 people on percent increase mistakes. Ironically, they're also all bulls dumping money into a speculative bubble. Perhaps based on bad math? Go figure.
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April 02, 2013, 09:16:02 PM
 #28

I know, even I'm not that optimistic. But I expected Proudhon to give 1 BTC anyway, so I speculated it Grin Grin Grin Grin


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April 02, 2013, 09:25:46 PM
 #29

I don't either, I was just pointing out the math was wrong. I've corrected 2 or 3 people on percent increase mistakes. Ironically, they're also all bulls dumping money into a speculative bubble. Perhaps based on bad math? Go figure.

That being said... you never know man... Lalzo paid 10,000 for a pizza less than 3 years ago... Smiley BTC @ 0.0025
who's to say that you wouldn't be able to buy a few houses in three years with that amount of BTC? Smiley

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April 02, 2013, 09:28:55 PM
 #30

Well if I were to buy something today, the service provider would get shafted if the value crashed. So that's a two way street.

Anything is possible, you're definitely right, but I don't think that's likely. I think I saw it would take $3.2M in new capital to get to ~$220/BTC. I don't see that happening anytime soon, and once the new money dries up, all the speculators will get bored with holding what they can't spend, see a slow (if they're lucky) descent to more reasoned pricing, and jump on the sell bandwagon.

I'm a long term bull (defined as probably 5 years*), but short term I'm bearish for obvious reasons I guess.

* A major collapse would change this, possibly destroying BTC in the process.
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April 02, 2013, 09:30:40 PM
 #31

I agree that 1k is not likely but... Well, who knows what shenanigans governments will get up to next. They're out of money and can't print their way out of more. What happens when they start plundering retirement funds?

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April 02, 2013, 09:32:30 PM
 #32

Well if I were to buy something today, the service provider would get shafted if the value crashed. So that's a two way street.

Anything is possible, you're definitely right, but I don't think that's likely. I think I saw it would take $3.2M in new capital to get to ~$220/BTC. I don't see that happening anytime soon, and once the new money dries up, all the speculators will get bored with holding what they can't spend, see a slow (if they're lucky) descent to more reasoned pricing, and jump on the sell bandwagon.

I'm a long term bull (defined as probably 5 years*), but short term I'm bearish for obvious reasons I guess.

* A major collapse would change this, possibly destroying BTC in the process.

3.2M is not that much money considering the market capital is 1 billion, also there are 8000 accounts on MTGox pending verification (given that could be to withdraw money also) but anyways.
wall street moves 4 trillion a day. 3.2M is a particle of water in the ocean (not even a drop)

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April 02, 2013, 09:38:02 PM
 #33

So what's the hold up?
MiracleRiver
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April 03, 2013, 01:01:12 AM
 #34

Sign me up for $1,000 USD by the end of the year. I think that's an easy figure.

There are an endless list of folks who will/are buying big time - including all the rich Silicon Valley lot who can see the potential and are now developing apps etc.

How about more like $5,000?
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April 03, 2013, 07:27:36 AM
 #35

We have gone from 33 to 140 in 30 days.  if we increase at that rate for 12 months it will be at over 1200 in 12 months time. but I think it will happen sooner.

Hi forum: 1DDpiEt36VTJsiJunyBc3XtG6CcSAnsQ4p
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April 03, 2013, 07:43:40 AM
 #36

With the recent screwps.. Cyprus, Chase bank, etc. and so many new adopters, it looks like we will cross 1000 this year, a couple of years too soon in my opinion.. And im not complaining Cheesy

I see USD 100K per BTC in 2023.

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November 27, 2013, 02:14:36 PM
 #37

I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.



Time to necro another thread Cheesy Cheesy

BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt 

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November 27, 2013, 03:02:45 PM
 #38

I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.



Time to necro another thread Cheesy Cheesy

BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt 


I will send him 0.0001, if he sends it to you Smiley

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November 27, 2013, 03:16:52 PM
 #39

I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.



Time to necro another thread Cheesy Cheesy

BTW here's my address: 19Kpu7Mje3RHmnjUwn1sXQfi4iWtUTxWtt  


My past self was a real shit sometimes.  Give me some time, I only have ~0.75 in an online wallet.  The rest is offline, and I'm at work.  Might just buy ~$300 more so I don't have to dip into the offline wallets, unless somebody wants to chip in Wink
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November 27, 2013, 03:33:57 PM
 #40

Long term, it might have been one of the biggest bets in history.  Cheesy
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