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Author Topic: Bitcoin will never reach $20 again  (Read 36941 times)
cbeast
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Let's talk governance, lipstick, and pigs.


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January 25, 2013, 11:47:02 PM
 #281

Proudhon is one of the most sensible posters on this forum.

I appreciate him for his fidelity. He is not just another lemming waiting for an eagle to get him off the ground. Cheesy And I think a lot of people with similar sentiment are out there (not only Bitcoin, but other places where people try to store value).

Keep in mind the time of this original post was right after the huge crash in 2011 where everyone was saying Bitcoin was done for. It echoes the sentiment of the time.

The only people who thought bitcoin was done for, were those only in it for the profit and not informed enough to understand bitcoin's significance.

The price of bitcoins does not matter for bitcoin the protocol.



I remember those "dark months" after the bubble, where nearly everyone on the forum was spouting the most negative crap. I think people who didn't understand this thing lost a lot of money, and wanted to make the community feel bad about it.

Those of us who stuck through it were the ones who took their profit.  From weak hands to strong. This capital is too important to be in the hands of those who don't understand the potential of this system.

So alot of PR work still needs to be done, no wait I mean time will tell. Isn't it just normal that people lose their faith after catastrophic incidents like in June'11? You can't expect people to use or trust Bitcoin if it changes conditions like a student in Hogwarts on crack. The protocol doesn't care about the price, but why was it created for again? I don't consider Bitcoins usage too geeky, but for the most people it definitively still is something magical they don't even bother trying to understand at its core. So many contrasts in this community, I can only honor.

PR work? While I admire the businesses out there proselytizing the virtues of Bitcoin, ultimately it will be the success of businesses that draws public interest. The incident in 2011 was a paradigm shift for the folks that don't understand Bitcoin, it was one of many to come. As far as lemmings and eagles go, I think one of them nearly did go extinct. Honor if a fine sentiment, but it must be earned.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 26, 2013, 12:12:26 AM
 #282

Ja, PR was the wrong word. For my part I like the volatility, just for the thrill. But thats not good at all, less volatility would probably encourage more peolple to store some savings in BTC because they might think BTC could be worth more than gold sometime, like I do. Every super rich kid and some early adopters, have the power to crash or pump it. 200 mio market cap is a joke when it comes to stability. That is what I mean with time will tell.
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January 26, 2013, 05:23:44 PM
 #283

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At least we've put the despair part behind us.

I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.
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January 26, 2013, 07:32:47 PM
 #284

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At least we've put the despair part behind us.

I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.

this is why i coach patience.
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January 28, 2013, 03:10:34 PM
 #285

Quote
At least we've put the despair part behind us.

I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.

this is why i coach patience.

They feel a little better now, still 10% from $20 mark.
This thread will be resurrected one the mark is passed, but I guess it take a little patience to get to that point
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January 28, 2013, 07:36:32 PM
 #286

Quote
At least we've put the despair part behind us.

I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.

this is why i coach patience.

They feel a little better now, still 10% from $20 mark.
This thread will be resurrected one the mark is passed, but I guess it take a little patience to get to that point

Gosh, it could be *days*! /impatient

:-)

Ente
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January 28, 2013, 07:58:32 PM
 #287

This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

You want to make a bet on bitcoin never reaching $20 again ?  Grin
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January 28, 2013, 09:01:02 PM
 #288

This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

You want to make a bet on bitcoin never reaching $20 again ?  Grin

I'm pretty sure he's long gone. Last post of his was over a year ago...

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January 28, 2013, 09:42:55 PM
 #289

Quote
At least we've put the despair part behind us.

I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.

this is why i coach patience.

They feel a little better now, still 10% from $20 mark.
This thread will be resurrected one the mark is passed, but I guess it take a little patience to get to that point

Gosh, it could be *days*! /impatient

:-)

Ente

$20 probably would have a fight and even a correction. Not a easy reach, so I'd say weeks.
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January 28, 2013, 10:39:11 PM
 #290

Gosh, it could be *days*! /impatient

:-)

Ente

$20 probably would have a fight and even a correction. Not a easy reach, so I'd say weeks.

Heck no!  Days it is !
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January 28, 2013, 11:01:08 PM
 #291

Quote
At least we've put the despair part behind us.

I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.
And today that newbie would be happy Smiley
(If they hadn't sold them yet)

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January 28, 2013, 11:04:26 PM
 #292

This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

You want to make a bet on bitcoin never reaching $20 again ?  Grin

I'm pretty sure he's long gone. Last post of his was over a year ago...

You think he's dead? What sad news! R.I.P!!!
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January 29, 2013, 09:26:12 PM
 #293

It may not quite make 20 but tonight I'm gonna party like it's $19.99.

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January 30, 2013, 01:02:45 AM
 #294

It may not quite make 20 but tonight I'm gonna party like it's $19.99.

Oh, thanks for reminding me  Grin http://www.youtube.com/watch?v=6yB5Dh4F7Es
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January 30, 2013, 01:12:18 AM
 #295

It may not quite make 20 but tonight I'm gonna party like it's $19.99.

I lol'd
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January 31, 2013, 05:29:57 AM
 #296

so how many minutes until "never" ends? Smiley it looks like today is the end of this topic.

i am satoshi
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this statement is false


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January 31, 2013, 05:39:52 AM
 #297

so how many minutes until "never" ends? Smiley it looks like today is the end of this topic.

we're still about $150,000 away. it actually looks like today is the end of this bull run...

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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January 31, 2013, 06:49:48 AM
 #298

so how many minutes until "never" ends? Smiley it looks like today is the end of this topic.

we're still about $150,000 away. it actually looks like today is the end of this bull run...

Don't be silly, it cannot collapse before breaking 20. Don't know if it can be sustained above 20, though we are getting excellent press recently, so I can see the rate rising.
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January 31, 2013, 06:52:28 AM
 #299

It may not quite make 20 but tonight I'm gonna party like it's $19.99.


Bro, do you even blockchain?
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January 31, 2013, 07:12:01 AM
 #300

It may not quite make 20 but tonight I'm gonna party like it's $19.99.



Officially get above 20
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