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Author Topic: Do you think BTC has settled around $100?  (Read 4402 times)
bitcoiners
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April 14, 2013, 11:20:19 AM
 #21

Proudhon, I have a few questions for you.

Do you think BTC is enough of a threat to the mainstream fractional usury currencies that the centralbanks would bankroll (pay) people to go on BTC forums and give consistently negative opinions about everything to do with BTC?

Do you believe the 266 to 55 crash was orchestrated by a handful of operators trying to crash BTC completely?

For the record, do you yourself own any BTC? Tens, hundreds or thousands?

If you, yourself, believe any of the questions you have just asked then why would you be asking the one person that would most likely be paid by ones you mention above and expect an honest answer?  

Holy Jesus, I think my IQ has dropped since visiting speculation.
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Mouser
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April 14, 2013, 11:28:29 AM
 #22

"the one person that would most likely be paid by ones you mention"

This.
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April 14, 2013, 11:53:23 AM
 #23

It largely depends on Mtgox lag, seeing as that had a huge impact in compounding the panic that occurred.  It's fragile, if Mtgox has little/no lag I doubt we will see any major dips, we could even see an increase to about $130.  If it starts lagging badly again it could drop quite dramatically.

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bitcoiners
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April 15, 2013, 02:58:06 AM
 #24

"the one person that would most likely be paid by ones you mention"

This.

How are people with 20 posts getting out of the newbie cage?  Another 10 percent drop since I've posted.  These stupid questions make me wonder..... How much dumber can humanity get?  Much it seems.
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April 15, 2013, 03:11:40 AM
 #25

i will by on buy on $30

smoothie
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April 15, 2013, 03:15:37 AM
 #26

$100 is the new $5 from 2012 spring.

We will build a base from here.

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April 15, 2013, 06:05:48 AM
 #27

We could do far worse than settling at $100 for a couple weeks. I agree it's a good psychological number.

Speaking of psychology, it's what finally convinced me to place a sell order for some of my mined coins @ $250 on Gox before I went to bed one evening. Point being, psychology does account for "something".

Woke up a richer person and then watched the spectacular crash back down to our current levels.

What a ride.
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April 15, 2013, 06:56:37 AM
 #28

My new favorite chart shows some points:

- We scored a first weekly negative for over 3 months
- The price did not drop substantially, and is actually on the 50% monthly appreciation track laid down on January
- If you want to think of "losing" something, we "lost" the froth that was building during the last 2-3 weeks. A 50% monthly is hardly sustainable, a 50% weekly definitely is not.

My advice: if you want to sell, I think you should set your limit order to $150 now and lower it by $5-10 per day from now, until you have sold enough. This will likely net you more than $100 per coin due to short term swings. If you want to buy, do the opposite and put your bids to $60 range now, increasing them in predetermined order.

The above trick enabled me to buy BTC670 last Friday at an average price of $62ish, which I kind of feel smug about  Cool None of the sells has yet gone through, though, I am waiting starting at $125...  Wink
 
kalinka
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April 15, 2013, 07:54:47 AM
 #29

I think $100 a bitcoin would be a good price to settle on for now.

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April 15, 2013, 10:28:01 AM
 #30

I was so upset in 2011 when I left I didn't even remember my old account info  Cheesy

With all the CNN and Fox news stories I saw about BTC I know even if $100 seems stable the new money is going to get squeamish and run.

I have a staggered buy approach like rpietila mentions but down at $48.
HappyBitCoinUser
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April 15, 2013, 10:52:18 AM
 #31

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April 15, 2013, 11:44:33 AM
 #32

loads of tension in this market, popcorn is needed !
i agree that newcomer can only vote up. Now bitcoin is full of surprise Smiley

The cost of mediation increases transaction costs, limiting the
minimum practical transaction size and cutting off the possibility for small casual transactions

Satoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
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April 15, 2013, 12:47:38 PM
 #33

It has settled for now but by end of April -Mid May price will be between $25-40.  It will then grow 10x to $250 in 3 years.
You are in good shape now but by end of April - Mid May you will be hit by a bus and end up in hospital with both legs broken, and the nose flat like a dried apricot.You'll be back on your legs in three years (but your nose will still be flat).
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April 15, 2013, 12:50:02 PM
 #34

100 is more likely a psychological level than an equilibrium level. If that means anything, then that it's not a very good place to settle at.
Equilibrium is psychological.
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April 15, 2013, 12:50:46 PM
 #35

It's still mostly only gamblers who decide the price of bitcoin right now. Now that bitcoin has been proven to be able to reach $250. The odds of bitcoin's value doubling from $100 to $200 again in the future have gone up. If the odds for bitcoin going down to $10 are about the same as the odds of going back to $200, then I would say $100 makes sense as the equilibrium price right now.
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April 15, 2013, 01:16:39 PM
 #36

I hope so. :-)

more or less retired.
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April 15, 2013, 01:19:24 PM
 #37

no

dollars are worth more atm
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April 15, 2013, 02:03:52 PM
 #38

My new favorite chart shows some points:

If you want to buy, do the opposite and put your bids to $60 range now, increasing them in predetermined order.

The above trick enabled me to buy BTC670 last Friday at an average price of $62ish, which I kind of feel smug about  Cool None of the sells has yet gone through, though, I am waiting starting at $125...  Wink
 

Hey RP - Its a little off the topic, but could you break out what the buy tactic might look like with some numbers. I'm definitely looking to buy and your staggered approach seems like the right way to do it.
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April 16, 2013, 12:13:48 PM
 #39

I think the potential investors are only happy the bubble popped and they are simply waiting for the right time to jump in. The get-rich-quick people have made their money and are pretty much gone now, they have no real interest in bitcoin except to make a quick buck for themselves so good riddance there. Smiley

Bitcoin = Gold on steroids
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