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Author Topic: Bitcoin will never reach $20 again  (Read 36960 times)
extrabyte
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December 14, 2015, 07:54:34 PM
 #401

Come on guys, he is a BTC economist. You need to do what the experts say!!!

July 09, 2011
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.
It has been passed almost 5 years since his post but things have been changed and maybe we can say bitcoin will never reach $200 again.

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The Pharmacist
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December 14, 2015, 08:17:13 PM
 #402

Lol I thought this was a new thread, but it's great to see what people were talking about in 2011 and how wrong this guy's views were. Having said that, Bitcoin certainly could drop to $20. stranger things have happened.

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Bitplumber
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December 14, 2015, 08:21:08 PM
 #403

So the OP liquidated his bitcoins at $20. I wonder how he feels now ?........supposing he's not jumped of a bridge!
Just hodl guys! Imagine where we are gonna be in a few short years 😆
HarryKPeters
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December 14, 2015, 09:25:14 PM
 #404

So the OP liquidated his bitcoins at $20. I wonder how he feels now ?........supposing he's not jumped of a bridge!
Just hodl guys! Imagine where we are gonna be in a few short years 😆

Well it was in 2011. The price back then was 20 usd and it was the top price at the moment.
https://bitcoinhelp.net/know/more/price-chart-history
I think a lot of us whould have done the same...

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January 07, 2016, 03:56:51 PM
 #405

So the OP liquidated his bitcoins at $20. I wonder how he feels now ?........supposing he's not jumped of a bridge!
Just hodl guys! Imagine where we are gonna be in a few short years 😆

Well it was in 2011. The price back then was 20 usd and it was the top price at the moment.
https://bitcoinhelp.net/know/more/price-chart-history
I think a lot of us whould have done the same...

Some of think the price will rise in the future and will not sell any in the foreseeable future. The price just started rising.
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January 07, 2016, 04:01:36 PM
 #406

Come on guys, he is a BTC economist. You need to do what the experts say!!!

July 09, 2011
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.
It has been passed almost 5 years since his post but things have been changed and maybe we can say bitcoin will never reach $200 again.

yes I agree. Bitcoin has grown a lot in the last year.
From $200 to a good standing for a month long at around $400.
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January 07, 2016, 04:06:13 PM
 #407

That is just 100% true I will tell you we won see a 200 dollar this year I think.
I am seeing that bitcoin is kinda stable price for now. Is not dropping or going to high.
The price is good just need to wait for halving.
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January 07, 2016, 04:21:34 PM
 #408

I do not believe that if the price of bitcoin be $ 20 for 1 BTC, it would be very boring, maybe everyone will leave bitcoin, I think it is a number that is meaningless on the Internet  Sad

pereira4
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January 07, 2016, 05:12:04 PM
 #409

Always a great to pump. Ouch, it still feels bad reading OP, he couldn't handle the shame of his failed prediction and has never signed back since then. I wonder if when the failed predictions of doom like kwuckduck never happen, they will face the shame of being wrong or they will leave too? We'll see.

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January 25, 2016, 08:32:54 AM
 #410

I do not believe that if the price of bitcoin be $ 20 for 1 BTC, it would be very boring, maybe everyone will leave bitcoin, I think it is a number that is meaningless on the Internet  Sad

The bitcoin will reach $20 when there is no consensus between the bitcoin community and there are hard forks of bitcoin and 2 bitcoin exist, one of them reach reach $20 or lower.
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January 25, 2016, 03:54:39 PM
 #411

I do not believe that if the price of bitcoin be $ 20 for 1 BTC, it would be very boring, maybe everyone will leave bitcoin, I think it is a number that is meaningless on the Internet  Sad

You are right. As 1 BTC is $ 20 dollars, then indeed less people do bitcoin.

But I think the chance is small since it is becoming increasingly popular.
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February 06, 2016, 12:14:54 PM
 #412

I do not believe that if the price of bitcoin be $ 20 for 1 BTC, it would be very boring, maybe everyone will leave bitcoin, I think it is a number that is meaningless on the Internet  Sad

The bitcoin will reach $20 when there is no consensus between the bitcoin community and there are hard forks of bitcoin and 2 bitcoin exist, one of them reach reach $20 or lower.

I read somewhere that the Core team will implement larger block size by April this year. So it will not be a big problem.
randy8777
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February 06, 2016, 02:18:45 PM
 #413

I do not believe that if the price of bitcoin be $ 20 for 1 BTC, it would be very boring, maybe everyone will leave bitcoin, I think it is a number that is meaningless on the Internet  Sad

The bitcoin will reach $20 when there is no consensus between the bitcoin community and there are hard forks of bitcoin and 2 bitcoin exist, one of them reach reach $20 or lower.

I read somewhere that the Core team will implement larger block size by April this year. So it will not be a big problem.

it can literally take more than a year if everything goes as slow as things are right now. but if there is an agreement reached and the larger blocks are implemented, then i am quite sure it will give the bitcoin price a huge boost. that plus the comming block halving will definitely cause the price to peak somewhere this year. but then there must be a block size increase being implemented THIS year.
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February 06, 2016, 02:26:07 PM
 #414

It's funny to see how some people don't read the thread and go straight into an ignorant reply, talking as if OP had posted this just yesterday. As for what had happened, back in 2011 when the price was at $20 people would have been inclined to sell. Imagine at this time if the price went up to $500, or $600. We would be inclined to sell our Bitcoins, just as much as OP. However, since the community now has developed, our views on Bitcoins are a bit more concrete and the number of people with bearish interests has dwindled since its time in 2011. Suffice to say, a smaller majority of people had high hopes back then, but of course, they weren't in the 1000s range.

Suppose the price does reach $1000 again. Would you sell, like OP? Or would you continue holding? If you had a lot of faith in Bitcoin, you would hold the coins, but I'm assuming that most would sell at least some of their coins. OP's decision wasn't that hard to understand.

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MaxTax
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February 06, 2016, 06:59:45 PM
 #415

I think so, indeed. Bitcoin now has quite a low price and that's going to change it, I think.
Because I think it's worth much more later and that many people profit.
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February 06, 2016, 07:16:53 PM
 #416

thats true, bitcoin will start only growing and nothing else, i hope that it will be the future of all currencies

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February 06, 2016, 08:24:56 PM
 #417

thats true, bitcoin will start only growing and nothing else, i hope that it will be the future of all currencies

I agree on that. The price going down this low would mean it have failed.
Don't expect it to go this low
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February 06, 2016, 08:28:10 PM
 #418

I think it depends on us, the users... Because we are usin it, its going high... If we totally stop using it, it may vanish...
It is just my opinion...a

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February 06, 2016, 08:34:24 PM
 #419

Lol, guys, this thread is from 2011! Of course it won't go back to $20 anymore. What's so hard about reading the OP before you guys comment.

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February 06, 2016, 09:11:25 PM
 #420

Now that's what I call a blast from the past ... ! Bitcoin reached $20 in july 2011 but plummeted to below $3 in the final months of that year. During 2012, price rose very slowly from $4-6 in the first months to $13 in december. Who could have guessed back then that prices would absolutely go nuts in the following twelve months? Kinda puts the current bearish sentiment in a new light ...
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