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Author Topic: All-time high price?  (Read 4081 times)
Karmicads
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November 07, 2013, 09:13:05 AM
 #21

Gone over $300 now.  !! Woooot !!
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Johnny Bitcoinseed
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November 07, 2013, 09:16:50 AM
 #22

Just remember that BTC is just a number and not worth much unless you actually purchase something with it.  But it is fun being in a cave counting all your gold in a big pile!

Sincerely I am, Johnny BitcoinSeed .com
chrisLG
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November 07, 2013, 09:19:23 AM
 #23

1000$ in 90days? I don't think that is going to happen. When the price starts to rise many will stop trading since they will wait for a price to go up. No trade, price will drop.

That is actually just plain wrong. If almost nobody's willing to sell but a lot of people are wanting to buy the price will rise sharply (just as we see now).
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November 07, 2013, 10:16:44 AM
 #24

Looking at the current amount of Fiat invested into Bitcoin, we are nowhere near, at all, even remotely close to where the price of Bitcoin will stop rising. Looking at http://bitcoincharts.com/markets/ we are in the hundreds of millions invested into Bitcoin. Let's be nice and say that there's roughly 1 billion dollars invested into Bitcoin at this moment, on a global scale, that amount is a joke. The $/BTC will fluctuate heavily, given that the currency is in its infant stage, but over time, we've all seen the trend and that trend will continue.

The potential for criminal activity with Bitcoin is extreme and people are slowly catching on. Tax evasion, drug money, extortion payments, the list goes on. If you're a criminal and you're getting paid/paying in Bitcoin, financially, you're untraceable if you know what you are doing.

We have seen nothing yet.
immortal4now
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November 07, 2013, 10:20:36 AM
 #25

1000$ in 90days? I don't think that is going to happen. When the price starts to rise many will stop trading since they will wait for a price to go up. No trade, price will drop.

That is actually just plain wrong. If almost nobody's willing to sell but a lot of people are wanting to buy the price will rise sharply (just as we see now).


Its unrealistical as most want profit or at least break even, so selling coins at some point. This bubble wont last long
Ibian
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November 07, 2013, 11:32:55 AM
 #26

I don't understand why people keep talking about bubbles. The supply is fixed (or capped, to be precise). The demand keeps increasing and nothing indicates that the demand will stop increasing. That is really all anyone needs to know.

Even supposing we, somehow, were in a bubble, something would have to cause it to pop. I would like very much for the bubble proponents to explain what this something might be but it rarely happens.

There is no bubble.
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November 07, 2013, 12:03:01 PM
 #27


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Atroxes
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November 07, 2013, 12:06:38 PM
 #28

I don't understand why people keep talking about bubbles. The supply is fixed (or capped, to be precise). The demand keeps increasing and nothing indicates that the demand will stop increasing. That is really all anyone needs to know.

Even supposing we, somehow, were in a bubble, something would have to cause it to pop. I would like very much for the bubble proponents to explain what this something might be but it rarely happens.
I wholeheartedly agree with your view of the situation. With a fixed supply and increasing demand, the only thing affecting the price will be "What can I use this currency for?". When the general public starts grasping the possibilities of Bitcoin "Shit will start gettin' crazy" in lack of a better way to put it.

Of course, demand could start going down and $/BTC along with it. However I have yet to have anyone make a convincing argument for there not being a demand for an untraceable, no fee, world wide, distributed currency. Most don't understand the enormous gravity of the situation of having a currency like that in the hands of the people, uncontrolled by governments and financial institutions.

I can see a future where Bitcoin has stabilized enough to be taken seriously. If Bitcoin becomes a real alternative to Gold or Silver... then prepare to be amazed.
ekiro
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November 07, 2013, 03:46:27 PM
 #29

Just keep an eye on the moving averages, and keep running your analysis.  People are excited about BTC. Lots of PR. Look at those long green deltas on that graph. Usually there is a opposite reaction to every action though, so know when to sell high buy low. Wink
CAMTRONNNNN
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November 07, 2013, 06:34:26 PM
 #30

Let's not forget too, gentleman, there is a certain second coming of a certain site that was released just yesterday.

That may be inflating prices currently to these new highs, coupled with out fundamentals such as spreading awareness globally and ATM BTC machines hitting Canada.  A host of others to be sure but the Above^^^ definitely has a lot to do with the present career high for bitcoin.

Thoughts?

Bitcoin student and passionate speaker.
btcforall777
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November 07, 2013, 09:45:51 PM
 #31

with price increases/ranges of 65 points daily, might not take 90 days.... but expect some wild fluctuations along the way!

im trading MT4 at BTC-E

fasten your seat belts and check your nuts. not for the faint at heart.

Carlton Banks
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November 08, 2013, 02:08:13 AM
 #32

Renminbi ATH still not reached (it was close to 1920 CNY in April, still not quite reached 1900 this time around).

Vires in numeris
Carlton Banks
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November 08, 2013, 02:13:57 AM
 #33

Timely post from my good self, big 1900 ask wall on BtcChina just dropped like Miley Cyrus on a stripper pole. Say hello to the CNY ATH....

Vires in numeris
lnternet
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November 08, 2013, 02:56:34 AM
 #34

USD crashing helps reaching USD ATH

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BTC_GHD
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November 08, 2013, 03:00:58 AM
 #35

We passed it now for sure! It's at like $320 or so Cheesy

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andrewk529
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November 08, 2013, 05:13:01 AM
 #36

Hasn't the market cap grown by about a billion $ since last week? I am thinking 450-500 range by next Friday.The world is starting to take notice of BTC. The volume on BTCChina has been growing significantly.
btcforall777
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November 08, 2013, 05:16:41 AM
 #37

Hasn't the market cap grown by about a billion $ since last week? I am thinking 450-500 range by next Friday.The world is starting to take notice of BTC. The volume on BTCChina has been growing significantly.

i agree!
600watt
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November 08, 2013, 07:37:38 AM
 #38

market is not as susceptible to manipulation throughmultiple repetaed MT Gox DDOS attacks. In my opinion, had those not happened
the market would not have crashed.

that said, 1000 within 90 days baring some other market manipulation is not out of the question, especially with the chinese on board now

as long as you sign up here...

https://bitcointalk.org/index.php?topic=285771.0
 Cool

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November 08, 2013, 08:22:24 AM
 #39

Renminbi ATH still not reached (it was close to 1920 CNY in April, still not quite reached 1900 this time around).

Now reached.

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renaxi
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November 08, 2013, 09:44:04 AM
 #40

Might be 400$ next friday, but 500$ is just crazy.

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