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Author Topic: imagine incoming bubble  (Read 3178 times)
tutkarz
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November 05, 2013, 11:13:40 AM
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November 05, 2013, 11:31:06 AM
 #2

I like that a lot. Smiley Not sure it means anything but it's a nice idea.  Grin
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November 05, 2013, 11:59:32 AM
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mvidetto
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November 05, 2013, 03:13:02 PM
 #4

I'm going to have to agree that is about where we are currently and once we pass the ATH, who knows where its going.
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November 05, 2013, 03:23:04 PM
 #5

4 figures in b4 next correction Cheesy

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November 05, 2013, 03:31:44 PM
 #6

The smaller chart is 2 lines or $50. 
The larger chart is 4 lines or $100.

We went up 6½ lines from the smaller chart which is ~$175.
If we go up 13 lines from the larger chart, that's $250.

That would make the top of the bubble: $225 + $250 or $475, and this would be by end of year.

And it would crash down to between $225 and $250.

Of course, this assumes that everything is the same at a double scale, which is not likely, but fun to put some numbers on.

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November 05, 2013, 03:33:30 PM
 #7

I'm going to have to agree that is about where we are currently and once we pass the ATH, who knows where its going.

I would not be surprised to see 1oz of gold for 1BTC within the next 3-6 months. I think this upleg is going to surprise just about everyone.

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November 05, 2013, 03:35:12 PM
 #8

I'm going to have to agree that is about where we are currently and once we pass the ATH, who knows where its going.

I would not be surprised to see 1oz of gold for 1BTC within the next 3-6 months. I think this upleg is going to surprise just about everyone.
One can only hope.
tutkarz
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November 05, 2013, 04:32:39 PM
 #9

since we are talking about numbers, lets think about bitcoin potential in this way. Some people calculated that there is around 500k people who are using bitcoins. This is like 0,0083% of the population on earth. If amount of people using bitcoin would increase only to 0,1% that would be over 10times growth and still it would be long way for mass adoption.

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November 05, 2013, 05:48:14 PM
 #10

MY calculations show that if it repeated the exact behavior like you predict the price will peak at 833 or so, very unlikely

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November 05, 2013, 05:53:28 PM
 #11

There is no bubble. I sold btc at 0.3, 5, 30, 100, 200, 300, etc.
Sell it today or wait for 1k. Diversificate into Litecoin, it will reach 10USD before you notice, and you will miss again the rush.

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November 05, 2013, 05:55:32 PM
 #12

litecoin had its time to shine, it died with the mtgox rumors

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November 05, 2013, 05:59:41 PM
 #13

litecoin had its time to shine, it died with the mtgox rumors

A truer thing has never been said.

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November 05, 2013, 06:24:40 PM
 #14

litecoin had its time to shine, it died with the mtgox rumors

It died upwards while appreciating in value, now up to $3. But every market needs clueless people.

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November 05, 2013, 06:41:02 PM
 #15

I would like to not see a bubble, but if we get one I will be happy to buy a few BTC when it bursts.
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November 05, 2013, 06:46:11 PM
 #16

litecoin had its time to shine, it died with the mtgox rumors

If the author can get it accepted at CoinBase (where he works) or on BTCChina (which his brother owns) then it has a reasonable chance of being accepted as legitimate.  If he can't do either of those, then it is truly dead.

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November 05, 2013, 06:57:05 PM
 #17

I'm going to have to agree that is about where we are currently and once we pass the ATH, who knows where its going.

I would not be surprised to see 1oz of gold for 1BTC within the next 3-6 months. I think this upleg is going to surprise just about everyone.

My estimates were $1000 in the same time frame. Then again I usually am more conservative than the price action.

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November 05, 2013, 07:07:26 PM
 #18

litecoin had its time to shine, it died with the mtgox rumors

I've been saying all along that this would NEVER happen. MtGox will NEVER trade litecoin on its exchange.
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November 05, 2013, 07:18:22 PM
 #19

MY calculations show that if it repeated the exact behavior like you predict the price will peak at 833 or so, very unlikely

go back in time and tell people in January when we were sitting at $13 that this year the price will be $200+ in few months, no one would believe you also Wink

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November 05, 2013, 07:28:49 PM
 #20

Naysayers are a plenty on this forum. With their attitude, I would never have stepped into this crypto thing. Glad I never listen to people only defeating themselves.

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