September and October will be eventful.

[smoothie]

This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.

None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.

I myself see it coming back down towards 100, planning on buying back in around 100-110.

You are just on a shorter-term mind set.

I'm thinking longer term.  

[wachtwoord]

None of you know what the market is going to do tomorrow or next week.

It is irrelevant what the market does tomorrow or next week. Ten, twenty and fifty years are much more important price points

[SheHadMANHands]

This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.

None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.

I myself see it coming back down towards 100, planning on buying back in around 100-110.

The problem, perhaps, isn't that there is too much optimism, but rather what backs it up? Some of the posters here are pretty respected. I'm open to any opinion. But lets see some evidence.

What is the basis for your bear opinion? (e.g., TA, fundamentals, etc.); Otherwise it is essentially the same thing as the bulls just being bullish with no evidence to back it up.

IAS

Surely CoinHoarder will respond...

[BIGMERVE]

This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.

None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.

I myself see it coming back down towards 100, planning on buying back in around 100-110.

You are just on a shorter-term mind set.

I'm thinking longer term.  

Yeah but thinking long term is boring.

[CoinHoarder]

The basis of my opinion: what goes up must come down.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv

Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.

[smoothie]

This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.

None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.

I myself see it coming back down towards 100, planning on buying back in around 100-110.

You are just on a shorter-term mind set.

I'm thinking longer term.  

Yeah but thinking long term is boring.

In your opinion. 

[smoothie]

The basis of my opinion: what goes up must come down.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv

Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.

With that theory we should be at $2 then in the future right? lol

[CoinHoarder]

The basis of my opinion: what goes up must come down.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv

Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.

With that theory we should be at $2 then in the future right? lol

Do you not agree? Open markets... they go up, they go down. If it just went up 30-40%, it's more likely to come back down in the near term, no?

I'm not saying I would bet my life savings on it, but there is a chance it will happen. Everyone else acts like this is an impossibility.

[notme]

This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.

None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.

I myself see it coming back down towards 100, planning on buying back in around 100-110.

You are just on a shorter-term mind set.

I'm thinking longer term.  

Yeah but thinking long term is boring.

Start a business that accepts btc, get a hobby, go to school, or get a job.  Find a better use for your time than playing "guess the next subsubsubwave" in a market that has tremendous volatility.

[xxjs]

The basis of my opinion: what goes up must come down.

This is another nonsensical rule of thumb based on herd mentality. The claim is not supported.

[SheHadMANHands]

The basis of my opinion: what goes up must come down.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv

Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.

With that theory we should be at $2 then in the future right? lol

Do you not agree? Open markets... they go up, they go down. If it just went up 30-40%, it's more likely to come back down in the near term, no?

I'm not saying I would bet my life savings on it, but there is a chance it will happen. Everyone else acts like this is an impossibility.

The bolded doesn't follow.  If it were so obvious that the price would be coming down in the near future, it would have already done so.  Surely you aren't the first to observe that the price has jumped 30-40% recently.

[CoinHoarder]

Whatever... it is my opinion, as you obviously have your own.

It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.

Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.

[wachtwoord]

Whatever... it is my opinion, as you obviously have your own.

It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.

Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.

To the moon!

[SheHadMANHands]

Whatever... it is my opinion, as you obviously have your own.

It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.

Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.

shhh no tears

[magnebit]

... Especially if that $500m requires 'clean bitcoins' from a known source of funds.

Sorry for off topic question, but what is meant by 'clean bitcoins'?  Is this related to coins that can be traced back to a miner source (IP), or it is related to coins involved in some prior theft?  {I searched and could not find a answer.}   Thanks in advance.

[bobdude17]

... Especially if that $500m requires 'clean bitcoins' from a known source of funds.

Sorry for off topic question, but what is meant by 'clean bitcoins'?  Is this related to coins that can be traced back to a miner source (IP), or it is related to coins involved in some prior theft?  {I searched and could not find a answer.}   Thanks in advance.

New coins, ones that haven't been used in previous transactions.

Why do they care? PR?

(Not sarcastic)

[smoothie]

The basis of my opinion: what goes up must come down.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv

Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.

With that theory we should be at $2 then in the future right? lol

Do you not agree? Open markets... they go up, they go down. If it just went up 30-40%, it's more likely to come back down in the near term, no?

I'm not saying I would bet my life savings on it, but there is a chance it will happen. Everyone else acts like this is an impossibility.

Everyone? Impossible?

Quotes to prove your claim?

30% to 40% would mean a drop to $87.75 from $135 (approx).

I agree yes it is possible, but likely it won't. You are a miner and you should realize by now how the bitcoin returns (denominated in Bitcoin) are shrinking very quickly. This is bullish for the price. It proves that there is more miners with more hash power than ever.

The daily pie is 3600 BTC and most miner's shares are decreasing each adjustment.

1 year ago we were at $10 or so. Now we sit at $130 to $145 (depending on which exchange you want to use as your price gauge). I say $130 to be conservative.

In a year it could be possible we are sitting at $250 to $1400 very feasibly as the tiny market supply of bitcoins dwindles due to more mining interest, hoarders, and overall just the fundamentals that there will only ever be 21,000,000 BTC but there is INFINITE amounts of fiat in digital form (which excludes all in-person cash transactions).

The price may go to $120 or $110 but that would be in the near term. Longer term I disagree wholeheartedly based on past performance and current sustaining fundamentals of Bitcoin in the world economy.

[Its About Sharing]

The basis of my opinion: what goes up must come down.

http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv

Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.

Fair enough but we aren't exactly dealing with a stock here. This is like a micro cap company (share wise) that is essentially the biggest at what it does and with little competition. And it (BTC) does something that is failing around the world as we speak. And it does more that the current economic system needs (e.g. cheap overseas payments, even in Country.) Now, I can't argue that the price is going to come down, but what I can argue with is how it got here. It got here from BIG BUYERS. This has been happening since we bottomed at $65. It is up to them, not TA, not what we think, though how much we buy or sell can have an effect - But, they have BIG pockets.

Further, this person or group of people doing the HUGE buying are following TA to an extent. When they stop this rise stops, but how much money do they have? Thus far few others have jumped on board. When that happens then you got bubble 3.0, or is it 4.0? 

IAS

[LiteCoinGuy]

This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.

None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.

I myself see it coming back down towards 100, planning on buying back in around 100-110.

You are just on a shorter-term mind set.

I'm thinking longer term.  

Yeah but thinking long term is boring.

for the most people it seems that 3 month are already "long term" 

[RationalSpeculator]

...Now, I can't argue that the price is going to come down, but what I can argue with is how it got here. It got here from BIG BUYERS. This has been happening since we bottomed at $65. It is up to them, not TA, not what we think, though how much we buy or sell can have an effect - But, they have BIG pockets.

Further, this person or group of people doing the HUGE buying are following TA to an extent. When they stop this rise stops, but how much money do they have? Thus far few others have jumped on board. When that happens then you got bubble 3.0, or is it 4.0? 

IAS

I think we entered that phase once it crossed $130/$160

Where do u think we are? Is there hope for $100 still?