CoinCidental
Legendary
 Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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December 30, 2016, 02:16:43 PM |
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It's pretty amazing that the price is this high. It seems like it must be a short term pump, but you never know.
Nothing lasts that long. Currently the price is being driven by panic buyers that are basically too late, but they still think they can walk out with massive profits. I think for now, the peak will be $1000 or slightly above that, but after that we'll be subject to a correction that will push the price back towards the $800 levels. And to be honest, $800 seems to be a very fair price according to me. If history is any indication, we are probably seeing a breakout to $5000+...comeback to $1500, rinse and repeat....
Ladies and Gentlemen ! We have a winner ! Finally someone understands ........  |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Denker
Legendary
Offline
Activity: 1442
Merit: 1014
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December 30, 2016, 02:20:40 PM |
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It's pretty amazing that the price is this high. It seems like it must be a short term pump, but you never know.
Nothing lasts that long. Currently the price is being driven by panic buyers that are basically too late, but they still think they can walk out with massive profits. I think for now, the peak will be $1000 or slightly above that, but after that we'll be subject to a correction that will push the price back towards the $800 levels. And to be honest, $800 seems to be a very fair price according to me. If history is any indication, we are probably seeing a breakout to $5000+...comeback to $1500, rinse and repeat.... According to the latest blog past by Mike Casey you would be right. https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.6vt0haan7 |
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panju1
Legendary
Offline
Activity: 1246
Merit: 1000
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December 30, 2016, 02:33:17 PM |
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It's pretty amazing that the price is this high. It seems like it must be a short term pump, but you never know.
Nothing lasts that long. Currently the price is being driven by panic buyers that are basically too late, but they still think they can walk out with massive profits. I think for now, the peak will be $1000 or slightly above that, but after that we'll be subject to a correction that will push the price back towards the $800 levels. And to be honest, $800 seems to be a very fair price according to me. If history is any indication, we are probably seeing a breakout to $5000+...comeback to $1500, rinse and repeat.... The market is already retreating. A 5x increase in price would take Bitcoin's market capitalization to $75+Bn. Not impossible, but very tough. |
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anonbit992
Sr. Member
Offline
Activity: 378
Merit: 251
A Trader & An Investor
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December 30, 2016, 02:39:25 PM |
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You'll surely going to be rich if you had so many amount of bitcoin and you bought it at $500 price value and you are going sell it at $1000 . but i know that some people won't be satisfied for that, maybe they'd say that if you had a lot of btc 800+ for example and the price goes higher than $1000 then you're already rich . Early people who got into bitcoin when it was dirt cheap are the real rich people. If you had entered into bitcoin just recently then you will only make some money. But anyways, keep holding and perhaps one day you might just be rich. All the best! |
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●● VISUAL STRATEGY BUILDER ●●●●●◎●● BOUNTY | ANN | WHITEPAPER ●●◎●
●● FOR CRYPTOTRADING ●●●●●◎●●●●●●◎●● TELEGRAM | FACEBOOK | TWITTER ●●◎●
ALGORITHMIC TRADING | STRATEGY OPTIMIZATION | COPY TRADING
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Lintel
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January 03, 2017, 04:56:56 PM |
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You'll surely going to be rich if you had so many amount of bitcoin and you bought it at $500 price value and you are going sell it at $1000 . but i know that some people won't be satisfied for that, maybe they'd say that if you had a lot of btc 800+ for example and the price goes higher than $1000 then you're already rich . Early people who got into bitcoin when it was dirt cheap are the real rich people. If you had entered into bitcoin just recently then you will only make some money. But anyways, keep holding and perhaps one day you might just be rich. All the best! I am glad I bought some in the past 12 months. |
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Ultrasound
Newbie
Offline
Activity: 58
Merit: 0
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February 22, 2017, 01:57:57 PM |
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You'll surely going to be rich if you had so many amount of bitcoin and you bought it at $500 price value and you are going sell it at $1000 . but i know that some people won't be satisfied for that, maybe they'd say that if you had a lot of btc 800+ for example and the price goes higher than $1000 then you're already rich . Early people who got into bitcoin when it was dirt cheap are the real rich people. If you had entered into bitcoin just recently then you will only make some money. But anyways, keep holding and perhaps one day you might just be rich. All the best! I am glad I bought some in the past 12 months. The price is over $1100. |
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Kotone
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February 22, 2017, 02:51:13 PM |
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No you're not how if you only had 0.02 bitcoin left on your wallet? hahaha i don't think that it can make you reach but im sure those investors who already had tones of bitcoin from their wallet are going to be rich. |
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Xetamin
Newbie
Offline
Activity: 27
Merit: 0
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March 02, 2017, 10:26:56 AM |
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No you're not how if you only had 0.02 bitcoin left on your wallet? hahaha i don't think that it can make you reach but im sure those investors who already had tones of bitcoin from their wallet are going to be rich. I think the 0.02 bitcoin will be worth a lot in the next decades. |
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