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Author Topic: Bitcoin will hit $190 today: here's why  (Read 3959 times)
frankenmint (OP)
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August 30, 2013, 06:57:33 PM
 #1

Hello Guys,

Here is my detailed data analysis as to why bitcoin WILL hit this price today:

http://www.wired.com/wiredenterprise/2013/08/litecoin/  - LTC now gaining awareness which will push new mainstream entrants to learn of BTC as well.

The recent legal ruling involving the guy who was running a ponzi scheme where the judge ruled 'bitcoin is a currency'.

Bitcoin foundation is now working with Regulators.

Political Turmoil in Syria is causing people to dump their money into a digital format that can be transferred across countries.

USA TODAY, MARKET WATCH had prominent articles regarding bitcoin this week.

Maximum PC released a 6 page magazine article related to our favorite Cryptocoin last week.

Bitcoin Monetization for blogs has now been announced - http://techcrunch.com/2013/08/30/bitmonet-monetizes-your-blog-through-the-power-of-bitcoin/





adamstgBit
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August 30, 2013, 07:01:52 PM
 #2

these things take time, its going to take more than a few hours for everyone to hear the news, learn about bitcoin and buy some.

BitChick
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August 30, 2013, 08:03:54 PM
 #3

I have seen bigger news announcements in the past and they may have influence the price a bit but I think $190 is a stretch.  I would not complain though.  Wink

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
knight22
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August 30, 2013, 08:34:00 PM
 #4

Today?

lol

bitcon
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August 30, 2013, 08:36:04 PM
 #5

was OP before or after the $20 spike?
adamstgBit
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August 30, 2013, 08:40:01 PM
 #6

was OP before or after the $20 spike?

after...

BitcoinAshley
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August 30, 2013, 08:41:39 PM
 #7

Today?

Irrational exuberance. We're due for a correction.
Kupsi
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August 30, 2013, 08:51:04 PM
 #8

Today?

Irrational exuberance. We're due for a correction.

This is the correction...
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August 30, 2013, 08:55:38 PM
 #9

A great day? A big rise today?  Sure.....but $190 ?  Not gonna happen. That's a 40% gain or so in a day; that's highly, highly unlikely.

.SUGAR.
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bitcon
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August 30, 2013, 08:55:47 PM
 #10

i hope the cash withdrawal issues at gox remain for a few more years.
Wekkel
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yes


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August 30, 2013, 09:08:46 PM
 #11

Irrational exuberance. We're due for a correction.

Problem: Bitcoin does not go down very easily (no large shorting mechanism available). It goes up, unless there is panic. I see no panic, and cab drivers are not telling me about Bitcoin so no irrational exuberance either.

It's against my emotions, but the trend is clear. Be there or be square..

goxed
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August 30, 2013, 09:17:29 PM
 #12

no way

Revewing Bitcoin / Crypto mining Hardware.
bitwhizz
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August 30, 2013, 10:44:00 PM
 #13

dude i think it has a good chance of hitting that before the end of the year....... but not today.......
adamstgBit
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August 30, 2013, 11:00:52 PM
 #14

dude i think it has a good chance of hitting that before the end of the year....... but not today.......

new ATH before the end of the year and 190 in October



jamesc760
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August 30, 2013, 11:40:14 PM
 #15

what Adam posted above ^^^^^^^^

won't hit $190 today but will before 12/31/2013.
joesmoe2012
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August 30, 2013, 11:44:22 PM
 #16

gox only ath though.

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
saddambitcoin
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August 30, 2013, 11:52:05 PM
 #17

it does seem a good sign that these overtly optimistic threads are coming back

rampantparanoia
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August 30, 2013, 11:58:16 PM
 #18

gox only ath though.


based on the arb going on, i'd say bitstamp and other exchanges would be at around $175
jwzguy
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August 31, 2013, 12:24:49 AM
 #19

No one knows when it will happen, today, tomorrow, next week - but it could happen any time. The asksum on Gox has been dropping steadily since the withdrawal problems became. There's currently only ~24k btc for sale under $190 on Gox. There was over 24k of volume in just a few minutes this morning.

The caveat is that when it happens, it will likely be a much less accurate reflection of the current value of Bitcoin, even less than now.
faetos
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August 31, 2013, 02:05:13 PM
 #20

I think we'll see $200 on gox in 2 weeks and then it'll be interesting to see if everyone freaks out and panic sells like they did back in April. I'm ready to pounce on that if it goes there.

On another note, virtual currency is gaining interest and my technical brief at my company on the topic gained the most interest over every other topic. It's not a cab driver level yet, but slowly getting there.
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