MinermanNC
Legendary
Activity: 2212
Merit: 1000
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December 12, 2015, 02:59:08 AM
Last edit: December 12, 2015, 03:14:46 AM by MinermanNC |
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I do not see anything out there going on that would cause a real turn against bitcoin. More bright spots and positives for the future than negatives. For sure  Also, the bock size debate has even possibly found an alternate option,,, without a hard fork.... so that helps too a little |
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nioc
Legendary
Activity: 1624
Merit: 1008
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December 12, 2015, 02:59:22 AM |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 12, 2015, 03:00:44 AM |
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ImI
Legendary
Activity: 1946
Merit: 1019
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December 12, 2015, 03:01:26 AM |
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question is: what happens at 500$?
i can't imagine us going through it just like that. correction is very likely, maybe down to 450 again...
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peonminer
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December 12, 2015, 03:02:59 AM
Last edit: December 12, 2015, 03:23:18 AM by peonminer |
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question is: what happens at 500$?
i can't imagine us going through it just like that. correction is very likely, maybe down to 450 again...
Probably what we saw at $400 ceiling this run up. Lots of bucking and bears trying to win; They will be slaughtered. Every. Last. One. I presume we will test $485-$500 all weekend. Then bust the $500 nut Monday or Tuesday. Then again, our Sunday is China's Monday. Be on your guard. Hodl! After adding up all the Bitcoin needed for online payments, remittances, micro-transactions, the unbanked and other applications in the year 2025, he concludes that one Bitcoin will, by then, be worth $17,473, and that the present value of a Bitcoin would need to be $604 today to support that amount of economic activity in 2025. If Luria’s projection becomes true, anyone investing today would see a 40+x return within 10 years. http://www.forbes.com/sites/laurashin/2015/12/11/should-you-invest-in-bitcoin-10-arguments-in-favor-as-of-december-2015/Forbes seems to believe we are headed $604+, then $17,473 BULLISH |
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nioc
Legendary
Activity: 1624
Merit: 1008
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December 12, 2015, 03:03:13 AM |
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question is: what happens at 500$?
i can't imagine us going through it just like that. correction is very likely, maybe down to 450 again...
If it does then cheap coinz!!  |
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MinermanNC
Legendary
Activity: 2212
Merit: 1000
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December 12, 2015, 03:07:40 AM |
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IDK but the psychological effects of seeing 500 and the attention BTC might get could help hold the price up... just a thought. I know I would be astounded if it does lol
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JimboToronto
Legendary
Activity: 4704
Merit: 6169
You're never too old to think young.
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December 12, 2015, 03:14:18 AM |
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This train aint driving backwards. It only makes stops where some passengers get off and others join the ride.
Question is how far are you planing to travel or you plan to get out at next station?
I've got a sleeper next to the bar car. |
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MinermanNC
Legendary
Activity: 2212
Merit: 1000
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December 12, 2015, 03:16:15 AM |
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This train aint driving backwards. It only makes stops where some passengers get off and others join the ride.
Question is how far are you planing to travel or you plan to get out at next station?
I've got a sleeper next to the bar car. lol, that's very convenient |
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Cconvert2G36
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December 12, 2015, 03:25:59 AM |
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2 million $ worth of longs added on bitfinex in the last 12 hrs, total near $26.5 mil . Shorts below 8k btc.
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adamstgBit
Legendary
Activity: 1904
Merit: 1039
Trusted Bitcoiner
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December 12, 2015, 03:28:18 AM |
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lol what the fuck is happening to price???
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BlindMayorBitcorn
Legendary
Activity: 1260
Merit: 1116
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December 12, 2015, 03:30:39 AM |
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lol what the fuck is happening to price???
It seems we're rich.  .gif |
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JayJuanGee
Legendary
 Online
Activity: 4438
Merit: 14402
Self-Custody is a right. Say no to "non-custodial"
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December 12, 2015, 03:31:45 AM |
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lol what the fuck is happening to price???
UP, of course. Don't you recall that BTC prices have been suppressed for a year, and maybe even 18 months? |
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Sitarow
Legendary
Activity: 1792
Merit: 1047
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December 12, 2015, 03:32:09 AM |
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r0ach
Legendary
Activity: 1260
Merit: 1000
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December 12, 2015, 03:32:45 AM |
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$17k in 2025 seems way low balling it. Before the next 2008 financial crash, we will likely see another bull run to take BTC to 3k-10k. When the price is already at levels that high, the financial crash will create a true black swan event to turn Bitcoin into one of the biggest currencies in the world. All of that stuff is going to happen long before 2025. People really think the drive to Walmart economy is going to last another 10 years? lol |
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adamstgBit
Legendary
Activity: 1904
Merit: 1039
Trusted Bitcoiner
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December 12, 2015, 03:32:53 AM |
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lol what the fuck is happening to price???
UP, of course. Don't you recall that BTC prices have been suppressed for a year, and maybe even 18 months? its good to see to bad a isold tho. |
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peonminer
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December 12, 2015, 03:34:38 AM |
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lol what the fuck is happening to price???
gentlemen.gif, bullzonparade.gif, lulzatn00bzthatsold.gif |
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BlindMayorBitcorn
Legendary
Activity: 1260
Merit: 1116
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December 12, 2015, 03:35:12 AM |
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2 million $ worth of longs added on bitfinex in the last 12 hrs, total near $26.5 mil . Shorts below 8k btc.
If that isn't a recipe for a crash, I don't know what is. When the price starts dropping, there will be margin calls. I will admit, I shouldn't have sold at 450. I should have waited for 465-470. That doesn't change the fact that this leverage fueled rally is not sustainable, and will end with a massive move downward. Get out now, or lose all your gains. What exchange are your bids on? |
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JimboToronto
Legendary
Activity: 4704
Merit: 6169
You're never too old to think young.
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December 12, 2015, 03:36:24 AM |
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Speaking of the bar car, man can't live on Bitcoin alone. All this popcorn has been making me thirsty.
The lame open-mike improv "comedy" at the local bar should be done by now and the band should be starting soon. I think I'll go have a frosty Guinness or two (or several).
Hopefully we'll be over $470 by the time I get back. Go Bitcoin go.
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