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BitPappa
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November 25, 2013, 05:10:30 PM |
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And here I thought someone was reviving this thread to laugh, not agree with it...
Hopefully it's obvious now that we're never going back to $150...
Pretty amazing that this thread started just over a month ago (and Bitcoin was at $150 just six weeks ago), yet already $150 Bitcoin seems impossibly low. |
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jubalix
Legendary
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Activity: 2618
Merit: 1022
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November 26, 2013, 10:50:10 PM |
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it could drop 16x so back to $60, as it went from $32 to $2
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Nolo
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November 26, 2013, 10:51:49 PM |
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it could drop 16x so back to $60, as it went from $32 to $2
It could, but that was in a different era. Adoption is far superior to where it was back then. Extremely unlikely today. |
Charlie Kelly: I'm pleading the 5th. The Attorney: I would advise you do that. Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor? The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
19GpqFsNGP8jS941YYZZjmCSrHwvX3QjiC
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theonewhowaskazu (OP)
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November 26, 2013, 10:52:01 PM |
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Never live in the past. What does your heart tell you TODAY?
This post was made in the past ~.~ Back when I made this post it was like $200, not $1000! |
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pera
Sr. Member
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Activity: 532
Merit: 261
バカ
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November 26, 2013, 10:53:48 PM |
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it could drop 16x so back to $60, as it went from $32 to $2
It could, but that was in a different era. Adoption is far superior to where it was back then. Extremely unlikely today. but still possible: what could happen if, let's say btcchina gets hacked? |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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November 26, 2013, 10:54:52 PM |
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it could drop 16x so back to $60, as it went from $32 to $2
Yes, but this would require about 200k coins to be dumped into Gox, and a lot more into the whole market. The 32$ to 2$ bear market took several months. It seems unlikely to happen again. But a drop to 300$-ish is plausible. |
Sometimes, if it looks too bullish, it's actually bearish
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Odalv
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Activity: 1400
Merit: 1000
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November 26, 2013, 11:30:27 PM |
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You think we'll ever see $150/coin again?
No I do not think we can see $150 and less again. I'm NOT SURE but there are odds < 0.000000001% ( almost ZERO ) than I'm wrong. |
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theonewhowaskazu (OP)
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November 27, 2013, 01:22:58 AM |
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it could drop 16x so back to $60, as it went from $32 to $2
Yes, but this would require about 200k coins to be dumped into Gox, and a lot more into the whole market. The 32$ to 2$ bear market took several months. It seems unlikely to happen again. But a drop to 300$-ish is plausible. The FBI is going to drop all their coins on gox. |
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Nolo
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November 27, 2013, 01:50:09 AM |
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it could drop 16x so back to $60, as it went from $32 to $2
Yes, but this would require about 200k coins to be dumped into Gox, and a lot more into the whole market. The 32$ to 2$ bear market took several months. It seems unlikely to happen again. But a drop to 300$-ish is plausible. The FBI is going to drop all their coins on gox. That's illegal until after they have complied with all due process requirements with regards to this individual and their prosecution of him. In other words, possibly, but that will be years from now. |
Charlie Kelly: I'm pleading the 5th. The Attorney: I would advise you do that. Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor? The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
19GpqFsNGP8jS941YYZZjmCSrHwvX3QjiC
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beetcoin
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November 27, 2013, 03:06:22 AM |
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let's not talk about what can happen, because that is "anything and everything." let's talk about what's more likely..
it likely will not drop below $400 at this point... at least in my opinion.
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Bitcoin BEAR
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November 27, 2013, 04:12:25 AM |
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it could drop 16x so back to $60, as it went from $32 to $2
It could, but that was in a different era. Adoption is far superior to where it was back then. Extremely unlikely today. You confuse "adoption" with "exuberance" ...and what do you know about that "era"?  You weren't here yet. You think we'll ever see $150/coin again?
No I do not think we can see $150 and less again. I'm NOT SURE but there are odds < 0.000000001% ( almost ZERO ) than I'm wrong. Arbitrary number, pulled from ass |
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mp420
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November 27, 2013, 08:01:57 AM |
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The recent runup has changed my view a bit. I no longer view a drop to single digits as possible (unless the Bitcoin protocol is compromised). Double digits is still likely when the rally runs out of steam. The marketplace hasn't really changed at all from the last time we were at $100.
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haploid23
Legendary
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Activity: 812
Merit: 1002
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November 27, 2013, 08:15:19 AM |
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^ Even dropping is double digits will be extremely hard. By now, there are too many investors and believers in bitcoin. The more it drops, the more people will just buy it up to hoard more for the rebound.
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Loki8
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November 27, 2013, 11:54:46 AM |
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Bitcoin will drop hard because it'is just a speculative bubble. It won't be money. For a comparison, look at Second Life. There was a media buzz around new virtual worlds such as Second life. The speed of its decline has been monumental. I am sure that someone will invent a new way to make easy money and this will be the new buzz on the Internet...
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piramida
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Merit: 1010
Borsche
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November 27, 2013, 01:01:07 PM |
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Bitcoin will drop hard because it'is just a speculative bubble. It won't be money. For a comparison, look at Second Life.
Noone will eat caviar because it's just fish eggs. It won't be food. For a comparison, look at dog crap. Nobody eats dog crap. See, my argument making is just as strong as yours if not stronger! And you really need to read a little about why caviar is tastier than dog crap. |
i am satoshi
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Amph
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Activity: 3206
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November 27, 2013, 01:41:55 PM |
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not gonna happens, instead we will hit 10k in one years or less at max.
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CalibrataBG
Newbie
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Activity: 38
Merit: 0
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November 27, 2013, 01:54:17 PM |
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Not gonna happen IMO.
We'll probably see another dip at 1000$ ... seems like a psychological barrier.
But it's straight up from there ... the limit? who knows...
I'm holding for now.
The more I watch this, the more I think there is no bubble.
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mp420
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November 27, 2013, 08:00:00 PM |
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not gonna happens, instead we will hit 10k in one years or less at max.
$10k is down right impossible. Everyone would cash out at that price. Even I would cash out my minuscule long term BTC holdings (a few dozen coins) at that point. |
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theonewhowaskazu (OP)
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November 27, 2013, 08:44:46 PM |
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not gonna happens, instead we will hit 10k in one years or less at max.
$10k is down right impossible. Everyone would cash out at that price. Even I would cash out my minuscule long term BTC holdings (a few dozen coins) at that point. Yea and then China dumps its bonds and you get screwed. |
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beetcoin
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November 27, 2013, 08:51:48 PM |
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not gonna happens, instead we will hit 10k in one years or less at max.
$10k is down right impossible. Everyone would cash out at that price. Even I would cash out my minuscule long term BTC holdings (a few dozen coins) at that point. at $100, people would have said "$1,000 is downright impossible. everyone would cash out at that price." lo and behold, we have hit $1,000 and apparently not every has cashed out. |
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