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Author Topic: Are we going to see a HUGE jump in Bitcoin price?  (Read 4717 times)
btc237ftw
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May 23, 2013, 05:48:53 PM
 #1

I think we are and I put my money where my words are... now I saw this article (from today):
http://www.thegenesisblock.com/bitcoin-trading-are-we-primed-for-a-major-move-higher/

What do you think?
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talexeh
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May 23, 2013, 06:29:33 PM
 #2

Looks to me that the price has pretty much stabilized over the past few days. Not trying to be a jerk but most / some of us are waiting for a major event to take place in order to shake the price further.

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May 23, 2013, 06:31:54 PM
 #3

Completely unpredictable.
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May 23, 2013, 06:37:06 PM
 #4

You're planning your strategy on ONE piece of news?

The volatility around $48 was identical to the last 6 days. It was preceded by a 300% rise in a few weeks and was indeed a pause before the spike to $200+.

The Jan-April rise was built on several compounding factors, new fundamentals, media interest and a speculative bull-rush.

I'd love to see a similar rise from $125 but I'm very doubtful the next few months will mirror early 2013. I expect a series of jumps up (and down) to narrow channels as we move toward and beyond $150.

If you're getting in now, be prepared to lose 20% of your investment in the short term with by no means a guaranteed profit. This seems to be a solid platform for growth but the threat of US government intervention is looming larger than ever.

I tweet crypto nonsense: https://twitter.com/DunningKruger_
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May 23, 2013, 07:58:39 PM
 #5

Maybe huge, but not HUGE.

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adamstgBit
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May 23, 2013, 08:09:25 PM
 #6

I don't think we'll see a "huge" jump in price in the short term
But I do not believe the consolidation period will last long, and soon the price will continue to explode upwards of 3000$ a coin.
Regulating the exchanges will once and for all legitimize bitcoin;
This newly found legitimacy will create opportunities for entrepreneurs, as all their legal concern will be answered.
I expect some really crazy and interesting applications of bitcoin to be developed.
undoubtedly some of these new things will open up bitcoin to a whole new group of people.
this is where it gets interesting.
as people see real world examples of bitcoin improving the world economy, all hell is going to break loose and the world will rush to take part in the monetary revaluation!

banks as we know them today will become obsolete; and with that, wealth will spread throughout the world. Everyone will feel rich, and will spend accordingly, the power structure will be reorganized by default, and pretty soon we will realize that their is no need for money, humanity will work  not for money, but to better themselves.

 Cheesy

bitcoin!

ShroomsKit
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May 23, 2013, 08:10:01 PM
 #7

Previous charts mean nothing.

Its price is not a very relevant factor in its adoption....
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May 23, 2013, 08:10:09 PM
 #8

Small-huge at best. More probable is reverse medium-huge.
Geist
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May 23, 2013, 08:15:10 PM
 #9

Previous charts mean nothing.
+1

How is today's bitcoin market similar in any way to when it was under $50.

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600watt
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May 23, 2013, 08:18:19 PM
 #10

I don't think we'll see a "huge" jump in price in the short term
But I do not believe the consolidation period will last long, and soon the price will continue to explode upwards of 3000$ a coin.
Regulating the exchanges will once and for all legitimize bitcoin;
This newly found legitimacy will create opportunities for entrepreneurs, as all their legal concern will be answered.
I expect some really crazy and interesting applications of bitcoin to be developed.
undoubtedly some of these new things will open up bitcoin to a whole new group of people.
this is where it gets interesting.
as people see real world examples of bitcoin improving the world economy, all hell is going to break loose and the world will rush to take part in the monetary revaluation!

banks as we know them today will become obsolete; and with that, wealth will spread throughout the world. Everyone will feel rich, and will spend accordingly, the power structure will be reorganized by default, and pretty soon we will realize that their is no need for money, humanity will work  not for money, but to better themselves.

 Cheesy

bitcoin!

after the first sentence i thought this is just another pessimistic dude...

but it wasn´t. like...
phatsphere
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May 23, 2013, 08:42:06 PM
 #11

my prediction: in the short term everything will be slower and smaller than most expect it, but in the long term it will greatly surpass or not fulfill our expectations at all.
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May 23, 2013, 08:42:51 PM
 #12

I think the low volatility will be resolved with a move to the downside.  I've been wrong before.

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May 23, 2013, 08:53:04 PM
 #13

I think the low volatility will be resolved with a move to the downside.  I've been wrong before.
… ready to accept your bear tag?
giantdragon
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May 23, 2013, 11:09:53 PM
 #14

but the threat of US government intervention is looming larger than ever.
At least Bitcoin investments cannot be seized by govt as any other payment system or bank account.
CurbsideProphet
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May 23, 2013, 11:35:03 PM
 #15

I think we need to see a resolution or some sort of progress on the MtGox issues first.  As Gox's future remains in limbo, I think so does the short-term price of BTC.

1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
BitcoinAshley
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May 24, 2013, 02:52:33 AM
 #16

I think we need to see a resolution or some sort of progress on the MtGox issues first.  As Gox's future remains in limbo, I think so does the short-term price of BTC.


We are seeing that right now - in the form of MtGox losing a significant amount of its trading volume as a % of the volume on major exchanges. 

Quote from: adamstgbit
This newly found legitimacy will create opportunities for entrepreneurs, as all their legal concern will be answered.
I expect some really crazy and interesting applications of bitcoin to be developed.
undoubtedly some of these new things will open up bitcoin to a whole new group of people.
this is where it gets interesting.
as people see real world examples of bitcoin improving the world economy, all hell is going to break loose and the world will rush to take part in the monetary revaluation!


Hmm, crazy and interesting applications, things getting interesting...
You mean like Bitmessage + OpenTransactions protocol combination? Or perhaps Elwar's new gig?
Friends, the "revaluation" is upon us  Cool fasten your seatbelts, start compiling and testing so we can get this stuff out there.




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May 24, 2013, 05:36:37 AM
 #17

This is the calm before the storm. The price WILL move as soon as a trend forms and it'll kick off a swing. Trade carefully!

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May 24, 2013, 05:57:20 AM
 #18

This is the calm before the storm. The price WILL move as soon as a trend forms and it'll kick off a swing. Trade carefully!

Who knows how long it will be calm for. But it will get volatile right after trend creeps in one direction or the other for too long.

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May 24, 2013, 06:22:23 AM
 #19

I don't think we'll see a "huge" jump in price in the short term
But I do not believe the consolidation period will last long, and soon the price will continue to explode upwards of 3000$ a coin.
Regulating the exchanges will once and for all legitimize bitcoin;
This newly found legitimacy will create opportunities for entrepreneurs, as all their legal concern will be answered.
I expect some really crazy and interesting applications of bitcoin to be developed.
undoubtedly some of these new things will open up bitcoin to a whole new group of people.
this is where it gets interesting.
as people see real world examples of bitcoin improving the world economy, all hell is going to break loose and the world will rush to take part in the monetary revaluation!

banks as we know them today will become obsolete; and with that, wealth will spread throughout the world. Everyone will feel rich, and will spend accordingly, the power structure will be reorganized by default, and pretty soon we will realize that their is no need for money, humanity will work  not for money, but to better themselves.

 Cheesy

bitcoin!

after the first sentence i thought this is just another pessimistic dude...

but it wasn´t. like...

Well. He was a pessimistic dude...
https://bitcointalk.org/index.php?topic=144166.0
...but I am happy to say he has joined a whole load of us in the bull-herd  Smiley

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May 24, 2013, 08:42:07 AM
 #20

i am about to put in 2digit k € . it took me several weeks to organize the funds. i was praying that the price remain like this about as long as i need to get those funds ready. the bitcoin god did listen. so watch out folks: i will be able to buy in 10 days. after that price will take off vertically. sorry for the delay (banks...!).
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