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Author Topic: Wow! The Market could be at $33.50 by later today!!  (Read 2118 times)
Bit_Happy
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June 13, 2011, 08:01:26 PM
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This is not a prediction it is simple math.
Over the weekend the market went from $10.25 to $25 in well under 3 hours.   (+14.75)
Now it is bouncing around ~18.75...

$18.75 + 14.75 =  $33.50

Wow! the Market could be at $33.50 by later today!!

15DYJpWJe9H1YofsNQbP9JEWWNn7XPZgbS
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Insuremeplz
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June 13, 2011, 08:05:24 PM
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I made the same calculation earlier. Tomorrow at the latest if my math is right.
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June 13, 2011, 08:07:38 PM
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Woah, that's some impressive market analysis skill

NO_SLAVE
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June 13, 2011, 08:08:49 PM
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I see that youve been to silk road and found some crack to smoke. Not in the cards today my friend.
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June 13, 2011, 08:25:33 PM
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Not today, had you asked me on Friday..... Smiley

That said tho, price stabilization around 20 and holding for the moment, a 3 month trendline suggests 13ish, but given the hype generated and ensuing demand 20ish ain't unreasonable.

Worth keeping in mind, there is still a lot at stake, as a technology Bitcoin will now undergo a trial of fire as all and sundry put it under scrutiny and others try to undermine the network. Even stopping the flow of transactions for a few minutes would seriously undermine it's value. On the other hand, more and more uses are now being initialized, and I find it very encouraging that musicians are now looking at a way for bitcoin to help fund them in the new p2p market where they can do nothing to stop people downloading their music, but can encourage people to contribute smaller amounts in higher volumes.

Who knows....enjoy the ride!
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June 13, 2011, 08:35:37 PM
 #6

This is not a prediction it is simple math.
Over the weekend the market went from $10.25 to $25 in well under 3 hours.   (+14.75)
Now it is bouncing around ~18.75...

$18.75 + 14.75 =  $33.50

Wow! the Market could be at $33.50 by later today!!

wow look! it was at 19.400 3 seconds ago and now it is at 19.430
at this rate its going to go up 60 cents a minute! that means it will increase 36 dollars and hour and 864 in just 24 hours!
this is no joke guys, i even used the scientific calculator feature!
NO_SLAVE
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June 13, 2011, 08:38:52 PM
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I wont say a price, but I will suggest that you have a supply of depends adult undergarments and your inhaler close by.
Bit_Happy
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June 13, 2011, 08:40:28 PM
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History repeats and it did happen recently.  +14.75

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June 13, 2011, 08:48:13 PM
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It could be 19.17 today. Bet on it.

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grue
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June 13, 2011, 08:50:49 PM
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not looking good.

It is pitch black. You are likely to be eaten by a grue.

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Bit_Happy
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June 13, 2011, 08:53:16 PM
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Woah, that's some impressive market analysis skill

This is not a prediction it is simple math.

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June 13, 2011, 08:58:31 PM
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Thanks man!  I'm ALL IN after this news!
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June 13, 2011, 09:02:28 PM
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Ricochet
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June 13, 2011, 09:04:42 PM
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Dammit SpaceLord!  I was mere seconds away from posting that myself.
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June 13, 2011, 09:06:36 PM
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This is not a prediction it is simple math.
Let's say I have a child. He was 0.5 m last year, and now he's 0.8 m. Now according to my calculations, in his sixties, he should be around 17 m tall.

It is pitch black. You are likely to be eaten by a grue.

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Legion
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June 13, 2011, 09:13:04 PM
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Not if my growth model is right. It puts the proper price of BTC between $10 and $13 right now. I knew it was overvalued at $30, so I sold, then bought when it hit $14 because the European timezone and the start of the week would drive the price back up to at least $20 briefly. I sold at $22.

Bitcoin address: 1331nb5W4psmyr1HChiuVgYufq8i6tmPJL
niemivh
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June 13, 2011, 09:18:56 PM
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No, I'd say earliest we hit $30 is at the end of the month if nothing big and bad happens.  Still too many panicked sellers and miners who mine-->sell, mine-->sell dumping all that on the market lowering the price.  In addition, if any of the big guys want to cash out as it approaches $30 then we'll see prices under $30 for a long while (months?  end of the year?).

I'll keep my politics out of your economics if you keep your economics out of my politics.

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Bit_Happy
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June 13, 2011, 09:32:44 PM
 #18

Does look pretty bad right now. These people who are selling at this moment really need their wife or GF to handle their money for them, IMO. 

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June 14, 2011, 07:23:19 AM
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Does look pretty bad right now. These people who are selling at this moment really need their wife or GF to handle their money for them, IMO.  

Honey, me and the girls are going shopping this afternoon, you don't mind if we take your wallet.dat right? Grin

It seems patently obvious BTC is way overvalued, even compared to those $10 models. It's understandable that everyone went crazy with the euforia but the actual size of the economy, to which price should eventually return is much closer to USD parity.
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