Bitcoin will never reach $20 again

[AtheistAKASaneBrain]

Daily reminder for the panic selling idiots. You = OP in the future if you panic sell. That's how it goes. Don't say later not enough people warned you.

[1715030509]

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[Yofun]

Lol....thread from 2011 saying bitcoin will never reach $20 Again...$267 now. Pretty funny.

[richardsNY]

Lol....thread from 2011 saying bitcoin will never reach $20 Again...$267 now. Pretty funny.

$1100 in 2013 is even more funny.

[Brewins]

but we are entering the second year of bear market, things never looked so dull in all past bitcoin story

[el kaka22]

Ouch, when I first see this thread, I think of it saying 'Bitcoin will not DROP below $20 again', and it makes sense. However it is just an old thread... Anyway, these old threads stating BTC price was low are legends.

[BitProdigy]

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.

  Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! 

I hope the ebook he is promoting in his sig is more insightful than this post was. ...

[LMGTFY]

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.

  Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! 

I hope the ebook he is promoting in his sig is more insightful than this post was. ...

I dunno, it was a pretty good post. He seems to have timed it perfectly: after his post there were 18 months where BTC stagnated. It wasn't until February 2013 before there was any upside on July 2011.

[LFC_Bitcoin]

  Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! 

Haha too true. We've all made bad predictions though. I remember mocking bears & saying we wouldn't go below 300 USD around January 2015. I ended up looking like an idiot. Hopefully things start to pick up soon because the current price is pretty depressing imo.

[RealBitcoin]

  Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! 

Haha too true. We've all made bad predictions though. I remember mocking bears & saying we wouldn't go below 300 USD around January 2015. I ended up looking like an idiot. Hopefully things start to pick up soon because the current price is pretty depressing imo.

By december i think price will be around 600$, the financial crash of september is pretty predictable, alot of theories come out that support that.

If it hits then it will reach 600 or even more, who knows! But i`m confident that bitcoin is on the right path!

[BillyBobZorton]

but we are entering the second year of bear market, things never looked so dull in all past bitcoin story

This is a very long term race. Look at any all time graph of a successful asset. The price will show initial pumps with lowtrends that can last years until it starts climbing up back again reaching never before seen prices. The thing is, MOST people will be panic buying in the meantime, the winners at the top of the mountain are only a few, this is a law of life that always repeat itself, just like the super early investors can only be a few.

[techgeek]

  Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! 

Haha too true. We've all made bad predictions though. I remember mocking bears & saying we wouldn't go below 300 USD around January 2015. I ended up looking like an idiot. Hopefully things start to pick up soon because the current price is pretty depressing imo.

By december i think price will be around 600$, the financial crash of september is pretty predictable, alot of theories come out that support that.

If it hits then it will reach 600 or even more, who knows! But i`m confident that bitcoin is on the right path!

This can be a possible scenario, if the new exchange launches before 2016 with gemini adding more volume to the space.

But it takes more then just creating a exchange, there needs to be new source of volume of buyers outside from the existing ones. Unless they someone how bring a couple new whales take chances on their exchange.

[RealBitcoin]

This can be a possible scenario, if the new exchange launches before 2016 with gemini adding more volume to the space.

But it takes more then just creating a exchange, there needs to be new source of volume of buyers outside from the existing ones. Unless they someone how bring a couple new whales take chances on their exchange.

Oh i guarantee you the gemini will bring alot of new guys into the game, i mean a regulated exchange is like honey to the wallstreet whales.

I think alot of whales will come, perhaps not all of them are buyers, maybe some market manipulation will happen too, but the bigger the volume, the more safe the currency becomes and then alteast merchants will be more willing to use it.

It all ties in, and the bitcoin economy will grow.

[Nunu]

Bitcoin came to $20? 

When and how did this happen?

[LMGTFY]

Bitcoin came to $20?  

When and how did this happen?

January 2011 (first time) and February 2013 (the "again" that the title suggested would never occur). This is a very old thread.

[QuintLeo]

Ack!
Ick!
Necro Zombie Thread Ressurection!

 Heck with the barbie guns, give me an M60 so I can KILL IT DEAD!

 9-)

[talks_cheep]

Whenever I see the word "NEVER," I immediately think "Holy shit, bitcoin WILL!" We WILL see $20 again, thanks to the these dipshits who post dipshit things like this.

[LMGTFY]

Whenever I see the word "NEVER," I immediately think "Holy shit, bitcoin WILL!" We WILL see $20 again, thanks to the these dipshits who post dipshit things like this.

And you're right - we did see $20 again. I hope the OP bought back in sometime between their July 2011 post and February 2013, when we saw 20 again.

[Mugtaiya]

It depends on the order book depth. If somebody has thousands of bitocin, he can push the price down to $10. It might be sustainable though.

[nichu]

really interesting thread. had a good time reading all the trolls 

[safari88]

yeah Bitcoin will never reach $20 again, if this happens I think this is the destruction of bitcoin.