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FNG
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November 30, 2013, 04:00:17 AM |
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How big can the precious numbers market possibly be?
Honest question: Is $10,000 possible in 2014? It's possible in 2013 |
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beetcoin
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November 30, 2013, 04:01:48 AM |
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all we need is just for a major retailer to jump in the pool. that'll start the singularity of the next phase (whatever it is). most investments would be speculation, but it would at the same time make bitcoin a legitimate world currency.
What's going to happen is that first exporters are going to start insisting on payment in Bitcoin instead of Dollars. Then the retailers will get onboard by necessity. there is more reason, at least for me, to believe that bitcoin will be accepted by a major retailer.. we're already hearing tons of chatter about ebay/newegg/amazon/tigerdirect accepting BTC. btw, what is the reason why exporters would want to transact with btc vs.the dollar? my angle with retailers, transactions would cost them significantly less than dealing with paypal/visa or whatever the establishment is. if the retailers could recoup 99% of their revenues vs. 98% (with the status quo 3rd parties).. it would be a huge paradigm shift since retailers make such small margins that 1% would be insane. Do you think international money transfers and currency conversions are any cheaper than visa transactions? good point, can't argue with that. i brought the point up to understand more about that position, not to confirm mine. |
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ChartBuddy
Legendary
 Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 30, 2013, 04:03:09 AM |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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November 30, 2013, 04:04:41 AM |
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How big can the precious numbers market possibly be?
Honest question: Is $10,000 possible in 2014? Would it be overly optimistic to call 10k in 2014 (at least as probable)? 10k in 2014.  Assuming we don't go to zero, of course.. A month ago I would have said 10k was an impossibility in 2014. Since then we have grown 10 fold. 10k is only about an 8 fold increase from here. 2014 we will see the ETF. We will see hedge funds. We will see the first major retailerS. I am starting to think 10k is a real possibility. Of course, just as real a possibility could be numerous things that put us into a bear market. And a bear market would mean we might experience <50% growth instead of 800% in 2014. But the social acceptance right now is pretty phenomenal and with companies like Circle.com coming out with their applications soon, its an exciting time. |
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Franktank
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November 30, 2013, 04:05:53 AM |
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How big can the precious numbers market possibly be?
Honest question: Is $10,000 possible in 2014? It's possible in 2013 We'll see a max of $2.5K/BTC in 2013. Any higher and even the old blokes around here will start getting worried... |
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beetcoin
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November 30, 2013, 04:08:41 AM |
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100k is even possible given the exponential rate of growth that can happen... not saying that it will or won't happen, but such a small portion of the world has access to bitcoin.. there is such a huge market, and one major player making a move could be what does it. i would consider $1 million in 2014 extremely unlikely, but who knows?
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bnjmnkent
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November 30, 2013, 04:09:51 AM |
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Fully understanding the dynamics between the cryptocurrencies will likely require the development of a new form of economics.
Maybe you can learn something at University of Nicosia (UNic). A master for digital currencies is to be introduced. |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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November 30, 2013, 04:13:54 AM |
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How big can the precious numbers market possibly be?
Honest question: Is $10,000 possible in 2014? It's possible in 2013 We'll see a max of $2.5K/BTC in 2013. Any higher and even the old blokes around here will start getting worried... After 6x in November, slowing to 2x in December would be a breather. Its true that infrastructure (exchanges, notably) needs badly to be ramped up to accommodate even current interest. I expect the exponential growth has triggered a similar growth in development, but it will take a few days for them to catch up. Not sure the train is going to wait for them... All that means is that by the time the new devs are ready, they will have ready made full market exposure. It hurts to think about. Your mind can only blow so many times, I suspect, so at some point you need to step back and just let it happen. The 'impossible' simply becomes possible. Over, and over again. Hell, I can't even keep up with recalculating my retirement date. Not quite YET seems to be the only constant. |
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Vigil
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November 30, 2013, 04:28:13 AM |
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Get ready ladies... Gox is about to take off.
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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November 30, 2013, 04:29:04 AM |
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Get ready ladies... Gox is about to take off.
Which way? |
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bnjmnkent
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November 30, 2013, 04:31:39 AM |
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Get ready ladies... Gox is about to take off.
Which way? sideways |
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solex
Legendary
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Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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November 30, 2013, 04:32:31 AM |
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Get ready ladies... Gox is about to take off.
Which way? Up. It has just built another launchpad onto the stack of used launchpads. |
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jojo69
Legendary
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Activity: 3206
Merit: 4386
diamond-handed zealot
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November 30, 2013, 04:32:57 AM |
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wtf with stamp?
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Vigil
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November 30, 2013, 04:35:48 AM |
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Get ready ladies... Gox is about to take off.
Which way? Up, but slowly over the next day or two. |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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November 30, 2013, 04:39:06 AM |
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Up, but slowly over the next day or two.
WTF kind of take off is "slowly over a day or two"? That's indistinguishable from what happens all the time. |
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Vigil
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November 30, 2013, 04:47:50 AM |
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Up, but slowly over the next day or two.
WTF kind of take off is "slowly over a day or two"? That's indistinguishable from what happens all the time. That is how it starts. Approaching mid Sunday to early Monday we will see much sharper increases. IOW, it is the last chance to buy in if you don't want to be left behind (if you sold out of your position). That was my point. We will hit 1300 before there is any decent sell-off. Actually, there will be no sell-off at 1300 but maybe at 1400-1450. |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 30, 2013, 05:01:21 AM |
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"Wow, such an epic peak ($266). Can you imagine being the unlucky soul to have bought before the crash!!" "Someday, I hope to see it passed... Maybe this year!"   |
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kajigger
Newbie
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Activity: 26
Merit: 0
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November 30, 2013, 05:11:59 AM |
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^ Sorry but that Graph makes me really, really uncomfortable. Or maybe too comfortable so its not a nice feeling  Can you imagine the next one and we don't even know when or if it comes to this again. |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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November 30, 2013, 05:14:43 AM |
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"Wow, such an epic peak ($266). Can you imagine being the unlucky soul to have bought before the crash!!" "Someday, I hope to see it passed... Maybe this year!" Hilarious. |
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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November 30, 2013, 05:25:58 AM |
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^ Sorry but that Graph makes me really, really uncomfortable. Or maybe too comfortable so its not a nice feeling Can you imagine the next one and we don't even know when or if it comes to this again. You do realize that "the guy" who bought at the previous peak (Gox: $266) is up almost 400% to date, assuming he held and didn't immediately panic sell. Hint: Patience. Don't panic sell ! EDIT: Yes, that graph is a bit misleading, because it only shows end of day prices. For example, somewhere in there, in the recent run up, Bitcoin crash from like ~$900 to ~$450 (Gox). It fell a similar 50% and fully recovered on Stamp as well, but that only shows up as a smaller correction in the figure I linked above. |
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