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Author Topic: Will we ever see double digits again?  (Read 4013 times)
piramida
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April 02, 2013, 05:59:48 PM
 #1

How about double digits for a little while, I already miss those cheap coins Smiley

Waiting for proudhon to switch from "we will see single digits soon" mantra to "we will see double digits soon" one. That would mean we can run up to the next stop - four digits, baby.


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April 02, 2013, 06:06:32 PM
 #2

LOL....   my own prediction of single digit btc again this year is seeming less and less likely.  But yeah we'll see double digits again...  right?   sigh...

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piramida
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April 02, 2013, 06:14:08 PM
 #3

since bitcoin moves about 20-30% in the flash-crash panics, once we rise above $140 I think double digits are gone, at least until fundamentals change...

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muyuu
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April 02, 2013, 06:19:15 PM
 #4

Rises over $90 have been on very little volume. It wouldn't be very surprising if we went back there.

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April 02, 2013, 06:26:44 PM
 #5

Pretty likely.

In the last month, there have been three flash crashes of 20% or more. Right now, such a crash would easily put us back into double digits, if only briefly.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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April 02, 2013, 07:29:28 PM
 #6

No, we won't see double digits again. Bitcoin is still unbelievable underpriced. The price should be AT LEAST 1000 $/BTC.

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Ploo
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April 02, 2013, 07:41:23 PM
 #7

The next flash crash can still take us into single digits. Even if we hit $120 a 20% flash crash takes us back down to $96.
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April 02, 2013, 07:45:09 PM
 #8

The next flash crash can still take us into single digits. Even if we hit $120 a 20% flash crash takes us back down to $96.

I believe you have misspoken sir. $96 would be considered double digits.

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April 02, 2013, 08:25:52 PM
 #9

We will see single digits again, the question is when.
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April 02, 2013, 08:28:10 PM
 #10

Tin foil hat comes on when I see this kind of action. I wonder how much it would take for someone to bid this up to the point that all eyes are on Bitcoin, and then just crash it to the ground for everyone to see. That would be a surefire way to discredit Bitcoin for years, if not decades. And how much would such a show cost, particularly to someone who can print it without regard?
piramida
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April 02, 2013, 08:29:16 PM
 #11

We will see single digits again, the question is when.

I know exactly when - when mBTC become the main traded denomination Smiley Not earlier than that, sorry.

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hiima
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April 02, 2013, 08:32:37 PM
 #12

Doubt that BTC will ever be valued in double digits anymore, we're passed the triple digits and nobody wants to go back.

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April 02, 2013, 10:34:01 PM
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 "Bitcoin prices have reached what looks like a permanently high plateau."
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April 02, 2013, 10:36:03 PM
 #14

"Bitcoin prices have reached what looks like a permanently high plateau."

Your definition of a plateau is fucked up.
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April 02, 2013, 10:45:04 PM
 #15

"Bitcoin prices have reached what looks like a permanently high plateau."

I agree...a high plateau like this:


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chrsjrcj
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April 02, 2013, 10:50:44 PM
 #16

Yes. Right now we've stabilized at $115. As scheduled:

If the trend is your friend:


Top out at $115.
Bears come out to play and price drops down to $95.
MtGox quits lagging and people buy up to $110.

proudhon
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April 02, 2013, 11:40:37 PM
 #17

We will see double digits again.

Yep
str4wm4n
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April 03, 2013, 01:43:15 AM
 #18

We will see double digits again.

Yep

nope
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April 03, 2013, 01:48:00 AM
 #19

BTC China just hit $137.. almost vertical on their chart.

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Mike Christ
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April 03, 2013, 02:07:18 AM
 #20

It just keeps going higher and higher...

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