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

[Junko]

As someone mentioned, the FUD and hype will always exist. I have actually grown to like and enjoy the fud because the fud is a good indicator of how well bitcoin is doing. When I see and hear fud, I know all is well. When the fud dies down is when I would get worried.

Anyways, what I really want for bitcoin price eventually is sustained gold parity or higher. Not just to troll or trigger all the goldbugs, but because it will force everyone, including all the naysayers, to at least recognize that bitcoin is legit whether they want to admit it or not.

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[Hazir]

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.

It is hard to determine when exactly Mt.Gox become completely insolvent and from which point we should assume Bitcoin's high price was totally caused by their faulty system.
Hence, for the time being - lets accept that $1242 as ATH for future reference.

[NUFCrichard]

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.

The CNY price at the moment reminds me a bit of Mt Gox prices. Bitcoin costs more than $100 more (equivalent) in CNY than in USD, that's pretty weird.

I don't like the ATH being quoted as less than $1200, as I distinctly remember it being higher than that. Ok the price wasn't fair back then, but the price on Stamp at the time also wasn't a true price, it was just following Gox.

I get the idea this discussion will be history in the next day or 2 anyway. The new ATH in USD will be upon us in the next regardless which price you use.

[tabnloz]

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.

The CNY price at the moment reminds me a bit of Mt Gox prices. Bitcoin costs more than $100 more (equivalent) in CNY than in USD, that's pretty weird.

Sometimes the big difference implies China thinks there is a coming Yuan devaluation.

[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.

It is hard to determine when exactly Mt.Gox become completely insolvent and from which point we should assume Bitcoin's high price was totally caused by their faulty system.
Hence, for the time being - lets accept that $1242 as ATH for future reference.

$1242 price on an exchange that did not already allowed for $$ withdrawals?
No way, it is illegitimate as an established price point, therefore $1163 or whatever on bitstamp is fine..and huobi price is a faker too, whatever this means.

[Searing]

No need to thank me...I sold out at $1154 usd about 3.6 BTC to pay off the last of my KNC Liquidation Titans from the summer.
(6 of them) took out 11.4k home equity loan on the fact they would pay themselves back...boy was I right

cool beans

also 1k i owed a guy for stuff in BTC

Had to do it....I remember I COULD HAVE gotten my 2013 nov original Neptune (that I switched to a KNC Titan in Feb 2015
due to fears on the Neptune having NO lifetime...was right 5 month lifetime as a btc miner vs an ltc miner) ..from knc for like 13 btc at the last ATH and paid cash instead
ouch.....so fear of looking like an ass if it dumps back to a reasonable (or at least last month in my view) price of say 900 usd...it was $10,131.80...sooooo painful even now

took 3.6% of my btc hoard and ran ran like the wind *hey it is like comfort junk food..sometimes you just want to cuddle/fondle your BTC)

kinda cool send someone 1k and it was 0.86 btc or some such...much much nicer than Jan 1st 2016 don't ya know

I guess my next panic sale to cover my butt and 'closet monster' fears will be around the $1,650 btc price...hell the way that is going we could be there

by Feb 1st 2017 for crying out loud. Should plan my next panic attack sale accordingly

(we also serve who cash out and run away to help the pump of BTC into circulation)

man this is great on so many levels

so was these guys




then again it was only 3.6 BTC...maybe it was more of a 'slow walk' on my part.....


of course if the price pumps from now on you have me to thank (its a gift)

JUST what those of us fear (can't handle another 2 years of coulda/shoulda so bailed at least a 'tinsey 3.6 btc bit)

ATH = $1242  @ Mt Gox

Revised the thread to $1242 as ATH. Expect a pump. I dumped 3.6 btc ..coward that I am....you all can thank me later

[UnknownEye]

I find fud funny. I only take my savings serious and fud doesn't damage them at all.

I vote it never crossed my mind.

[Castreat]

I find fud funny. I only take my savings serious and fud doesn't damage them at all.

I vote it never crossed my mind.

That is right. The fud will not prevent the price to go over $1242.

[UnknownEye]

I find fud funny. I only take my savings serious and fud doesn't damage them at all.

I vote it never crossed my mind.

That is right. The fud will not prevent the price to go over $1242.

Nope dumpers will. I smell a bear traaaap.

[Searing]

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.

I agree but MOST FUD'ers use that $1242 price to justify their view BTC will fail. Remember I want NO DOUBT that the ATH is killed from 2013...FUD of the future will continue
but they won't be able to beat that old ATH to death as proof we are all deluded....

yeah its a pet peeve I admit it

But yeah factually I take your point..but gonna leave this figure as my goal post

[Castreat]

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.

I agree but MOST FUD'ers use that $1242 price to justify their view BTC will fail. Remember I want NO DOUBT that the ATH is killed from 2013...FUD of the future will continue
but they won't be able to beat that old ATH to death as proof we are all deluded....

yeah its a pet peeve I admit it

But yeah factually I take your point..but gonna leave this figure as my goal post

The $1242 price is not a good indication as that is from the Mt Gox.

[Sniper44]

we can only wish for the FUD to die but it won't that easily.
and besides in my experience it really doesn't matter what the bitcoin price is, they will continue to spread their FUD around here.

right now it is only a matter of time before kuwakduck makes a new topic saying "bitcoin is flawed and will dump to $100" just like he has been saying with his main and alt accounts for the past years.

[cellard]

Think about he situation with a psychological approach, because the market is all about psychologically at the end of the day.

The situation is excellent: Bitcoin proved that it can recover from literal death. It crashed like 90%, and now it's back stronger than ever.

This tell us that now people KNOW that bitcoin can recover no matter how low it goes, which means FOMO will kick in quickly on every dip or small crash, which means, there will never be huge crashes again because they will keep getting bought.

Bitcoin has proven to be an unique asset that simply refuses to die.

[cpfreeplz]

As obvious as it sounds I want a new ATH because I want there to be huge news coverage on it that bitcoins have bounced back, it's been a steady increase this time and come on in investors! That's what I'm looking forward to.

[Seansky]

Well I really do want the new all time high if it will be touched to be the new floor. I would really want that since every time I receive payment from someone that was based not on fiat value but the promised amount of BTC that they will pay, I will receive more money and also I know there would be more new investors that will get into bitcoin if the new all time high would be the new floor.

[uki]

One thing is to incidentally break the ATH level (which I still consider quite a feat, taking into the current status of the development and adoption), but to establish it as a new floor is a completely different ball game. Incidental humongous pump may happen, it may even happen even twice in four year span as we witness it, but that is it, at least in the current state of the adoption and development. I know it sounds exciting, but take a look at the charts what happened in the Mt. Gox aftermath. It is pure physics, what goes up may fall down equally well.

[European Central Bank]

the gox price was bullshit. it's still bullshit. if it makes people happy then let's go for it but it's not a figure i think is very important. anyone citing it as the all time high can't be bothered to do their research.

[uki]

the gox price was bullshit. it's still bullshit. if it makes people happy then let's go for it but it's not a figure i think is very important. anyone citing it as the all time high can't be bothered to do their research.

I agree that price at volume indicator has much more context, rather than one off transaction that simply paints the chart. But the fact is also that after three years we returned to the uncharted territories (or are very close to it). That is an amazing achievement. Now, let's see what the aftermath would be. Still, judging by how we held above $800, I guess we won't go that low as we went from the Mt. Gox's peak.

[Castreat]

the gox price was bullshit. it's still bullshit. if it makes people happy then let's go for it but it's not a figure i think is very important. anyone citing it as the all time high can't be bothered to do their research.

The price reached more than $1240 in some exchanges. I think it is sustainable.

[edgar]

happy now?

~1260