Why I want the BTC ATH $1242 breached and become the floor. To Kill FUD dead. :)

[Searing]

 I've had a dream the last couple of years...it seemed never to happen...and was slow coming...but it is damn close now imho.

   (1) I wanted in the mythical 'someday' to have Bitcoin go over that All Time High of $1226 mt.gox. (correct me if that is incorrect).

   (2) I then wanted that ATH to become the new floor. (Never to be broken). And putter around that figure or above from then on.

This imho would be the sign that Bitcoin had beat the doubters/skeptics/scammers and FUD tossers about how BTC was gonna fail.
or hell at least put a crimp in their noise on such.

AT that point in time. (assuming volume and adoption continue ..even if modestly) the mt. gox and pump and dump (not mt. gox as a pump and dump specific but I mean the FUD folk
who claim that is the last pump and from now on eventually BTC will dump to zero. Generic type use of such. ..)

.anyway all them FUD claims would
fade and BTC could become ...well ...ho hum......as boring as talking about usd circulation and its valuation of the euro...

BTC would be what it needs to be a 'tool' the 'internet of money' tool it was meant to be and people could talk NOW about the
future of BTC and crypto rather then dwell on the crash and burn of the past.

Anyway, just a pondering...take the poll.....but for us that have held BTC since 2013 or before...I feel less like the last man
standing in a pick/choose for stickball right now

edit: revised all time high to correct $1242.

[Carlton Banks]

  (1) I wanted in the mythical 'someday' to have Bitcoin go over that All Time High of $1149. (correct me if that is incorrect).

[snip]

AT that point in time. (assuming volume and adoption continue ..even if modestly) the mt. gox and pump and dump claims would
fade

If you don't want to fuel "mtgox pump and dump claims", then maybe you should cite the Gox ATH, which was $1226. There was never any evidence that Mt Gox perpetrated a pump and dump, now or then.

[talkbitcoin]

well, the thing is that i believe these FUDs and all that crap about bitcoin is dead or dying and.... will not end for the foreseeable future. and it goes both ways the hype will never end either.

for example for the past year the price has been rising with a nice and logical pace with enough time between each price point and all that time you could see a different FUD about bitcoin falling down to $200 or someone else hyping about bitcoin going to $50,000 and both are stupid.

here is an example of such days: https://bitcointalk.org/index.php?board=57.1960

and i don't see them changing, there will always be idiots who try to spread these things with some weird hope to shift market in their own favor.

[Searing]

  (1) I wanted in the mythical 'someday' to have Bitcoin go over that All Time High of $1149. (correct me if that is incorrect).

[snip]

AT that point in time. (assuming volume and adoption continue ..even if modestly) the mt. gox and pump and dump claims would
fade

If you don't want to fuel "mtgox pump and dump claims", then maybe you should cite the Gox ATH, which was $1226. There was never any evidence that Mt Gox perpetrated a pump and dump, now or then.

will change the price

and as to pump and dump was using the more generic FUD term for what folk thought was gonna happen with BTC that was the last pump and it would just dump to nothing

will edit the price

thanks
brad

well, the thing is that i believe these FUDs and all that crap about bitcoin is dead or dying and.... will not end for the foreseeable future. and it goes both ways the hype will never end either.

for example for the past year the price has been rising with a nice and logical pace with enough time between each price point and all that time you could see a different FUD about bitcoin falling down to $200 or someone else hyping about bitcoin going to $50,000 and both are stupid.

here is an example of such days: https://bitcointalk.org/index.php?board=57.1960

and i don't see them changing, there will always be idiots who try to spread these things with some weird hope to shift market in their own favor.

I agree but damn it would be nice to slap down some of them using the ATH as 'proof' it can never be reached again as part of the FUD movement.

At least slap some of this down to a dull roar...man a lot less of that being posted now with it at these prices huh lol volume of FUD is down already

[NorrisK]

I definately want the same, but for the bitcoin to take the previous ATH as the new floor, that is quite a long shot.

If you look how far it retraced after the last ATH, it needs to go to around 5-6k for it to be able to settle at 1200 afterwards.

[mobnepal]

If you look how far it retraced after the last ATH, it needs to go to around 5-6k for it to be able to settle at 1200 afterwards.

Do you think price can dump that huge if it can reach 5-6k  I don't think situation is same like before as right now adoption have increased a lot as well as i think it will be hard for whales to manipulate price now on.

So if price can cross $1500 within current price surge, we may see 1200 as floor.

I have also voted for To stop/slow all the FUD on BTC. we need ATH price or even higher price as new floor.

[Carlton Banks]

If you look how far it retraced after the last ATH, it needs to go to around 5-6k for it to be able to settle at 1200 afterwards.

Do you think price can dump that huge if it can reach 5-6k   I don't think situation is same like before as right now adoption have increased a lot as well as i think it will be hard for whales to manipulate price now on.

There's a significant amount of psychology influencing price discovery in currencies, especially a technology based currency like this one. We've seen price corrections of that kind of magnitude (and more) in response to previous ATH's, so there's no reason to believe it couldn't happen again.

[BillyBobZorton]

I think the biggest psychological barrier was 1000, because 1000 is a round perfect number and people tend to dump when you get near that figure. But with bitcoin, we are looking at 1025 in Bitstamp right now... the bullish sentiment is still strong, and we are no doubt heading for a new ATH now, which I predict it's going to fuel another round for the rally. At this point, nobody can tell when this rally will end, 1500 or 15000... anybody claiming to have the answers is lying, we can only speculate, but yes, clearing out the latest ATH would also clear out all the FUDsters.

[NUFCrichard]

The next step is 1000€ surely. It is already at an all time high in Euro, so it has never been 1000€ per bitcoin.
Then I see Gold parity and a new USD all time high as the next steps.

After a 40% rise in a month, it might be premature to expect a floor at a higher price than we now have, but all price increases are welcome by me!

[Searing]

I think the biggest psychological barrier was 1000, because 1000 is a round perfect number and people tend to dump when you get near that figure. But with bitcoin, we are looking at 1025 in Bitstamp right now... the bullish sentiment is still strong, and we are no doubt heading for a new ATH now, which I predict it's going to fuel another round for the rally. At this point, nobody can tell when this rally will end, 1500 or 15000... anybody claiming to have the answers is lying, we can only speculate, but yes, clearing out the latest ATH would also clear out all the FUDsters.

Yeah..i mean they will still toss about about FUD etc from that point on ...after ATH is breached..but damn would be nice not to have that tossed in our
face...I mean that was the high for me...i mined in 2013 oct 18th price was $150 btc even ..then ATH then down to 250 was it? ugly...

so for me they can FUD all they want and be bears all they want someplace at say a $1500 usd floor from then all up..and I will just smile and be ok with it

so its a pet peeve that may go away thank god ..bugs the crap out of me

[thejaytiesto]

The next step is 1000€ surely. It is already at an all time high in Euro, so it has never been 1000€ per bitcoin.
Then I see Gold parity and a new USD all time high as the next steps.

After a 40% rise in a month, it might be premature to expect a floor at a higher price than we now have, but all price increases are welcome by me!

I think people pay attention to USD only, or at least that is still the global indicator. Sure, a lot of people look for the yuan when trying to establish a price, but dollar is still king, and I agree that once we hit 1000 euro this rocket will refueled even more, but in order to reach what OP is talking about, we need a new ATH to shut those damn FUD trolls once and for all. They will never recover after we hit a new ATH.

[BitcoinHodler]

topics like this are good. they may help people understand past all the drama circling bitcoin.

and i agree the price rise and breaking the ATH can help with it, maybe some of these newbies stop listening to all the FUD whales spread about bitcoin and stop panic selling. somebody has to show them who they are selling their coins to at times like this.

[Velkro]

I've had a dream the last couple of years...it seemed never to happen...and was slow coming...but it is damn close now imho.

   (1) I wanted in the mythical 'someday' to have Bitcoin go over that All Time High of $1226 mt.gox. (correct me if that is incorrect).

   (2) I then wanted that ATH to become the new floor. (Never to be broken). And putter around that figure or above from then on.

U were patient man. Waited couple years and almost get what u want.
Wait couple more years and this two points will become reality 100%. This ATH to become floor needs around 7-10 years by me. So a little more waiting time but you are good at it already, you will make it there

[pereira4]

I've had a dream the last couple of years...it seemed never to happen...and was slow coming...but it is damn close now imho.

   (1) I wanted in the mythical 'someday' to have Bitcoin go over that All Time High of $1226 mt.gox. (correct me if that is incorrect).

   (2) I then wanted that ATH to become the new floor. (Never to be broken). And putter around that figure or above from then on.

U were patient man. Waited couple years and almost get what u want.
Wait couple more years and this two points will become reality 100%. This ATH to become floor needs around 7-10 years by me. So a little more waiting time but you are good at it already, you will make it there

It will not take that much time. Soon the psychology will reverse and people will start precieving anything under $1000 as a buy, we just need a period of a couple of months above $1000 to make this statement. Everytime we go under $1000, it will be bought back quick by long term holders that just keep buying every dip. People will try to short and lose their shit as it never goes below that. We are aiming towards 3xxx+ this year.

[LFC_Bitcoin]

I just want to see a new ATH because it'll be real unlike the previous ATH which was heavily manipulated by MtGox.
It'll almost feel like bitcoin being reborn, bullish wise any way.

[Denker]

I definately want the same, but for the bitcoin to take the previous ATH as the new floor, that is quite a long shot.

If you look how far it retraced after the last ATH, it needs to go to around 5-6k for it to be able to settle at 1200 afterwards.

We retraced that much because that very steep last rise was a crazy, scary bubble!!!
And after that bubble had popped the market overreacted and traders of course tried to take advange of that!That's why we had to have such a long breathe before moving up again.
This time it is bit different.At least so far!
There was no bubbling until now!However that might happen when we break the actual ATH!

[PoolMinor]

ATH = $1242  @ Mt Gox



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[pooya87]

i may be wrong but i have a feeling that the FUD is no longer having the same effect as a year ago for example. when you keep seeing the same thing and panic 10 times then realize it was a lie the 11th time you know it is bullshit and this has happened 1000s of times.

[Biodom]

ATH = $1242  @ Mt Gox

You cannot count that BS price on Mt Gox when they were ALREADY insolvent and did not payout $$ withdrawals, hence btc price on that exchange was constantly $100 higher since smart people were converting all fiat currencies on MtGox to btc, then withdrawing btc.

[tabnloz]

contrarian view: the FUD is good.

It allows accumulation. It stops bitcoin expanding too quickly. It lets it sneak under the radar, hashpower grows, network security grows. Harder to destroy.

FUD is a filter that gradually fails. People start to slip through the cracks and the bit economy slowly builds.

The last 4 years have been hard but maybe good for the long run?

Don't know maybe im full of shit and shouldnt drunk post.