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Author Topic: BTC price will hit 5$ this week. Mine..! Mine..! Mine..!  (Read 3004 times)
walidzohair
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August 03, 2011, 01:03:55 PM
 #1

This is an open poll as most people think BTC is way overpriced.

please reply with your price expectations for:


This week. (5$)
This month. (10$)
The end of this year. (15$)
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teflone
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August 03, 2011, 01:10:35 PM
 #2

Nope....

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walidzohair
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August 03, 2011, 01:14:32 PM
 #3

if someone tries to sell his BTC in any exchange he will have to do multiple orders to cash out as few as couple hundreds of BTC!
airdata
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August 03, 2011, 01:22:54 PM
 #4

Thanks for the heads up.

I'm going to place my $5 buy order now.
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August 03, 2011, 01:29:01 PM
 #5

Underpriced overall, but not in the current situations.  $5 sounds about right.

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August 03, 2011, 01:37:20 PM
 #6

BTC exchange rate will be negative by next Friday. True story!

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walidzohair
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August 03, 2011, 02:00:18 PM
 #7

Underpriced overall, but not in the current situations.  $5 sounds about right.

5$ is a bubble! just speculators trying to move the market up and down to make money..


the right price is 0.1$ why?!! consider the BTC real daily usage ?! not much ? what about its usage HERE among the community forums daily spending ? oh that sounds like almost nothing too!!!

you know what ?!! it should be trading on a 0.0X Chinese yawn basis!

Cheesy


Let us jump in with a thousand extra quad Radeon 6990 mining rig!

Min! .. Mine! .. Mine!
airdata
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August 03, 2011, 02:23:36 PM
 #8

How many thousands of buy orders are on books @$5 or greater?  100k? 200k?
BitcoinPorn
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August 03, 2011, 02:34:15 PM
 #9


5$ is a bubble! just speculators trying to move the market up and down to make money..


the right price is 0.1$ why?!! consider the BTC real daily usage ?! not much ? what about its usage HERE among the community forums daily spending ? oh that sounds like almost nothing too!!!

you know what ?!! it should be trading on a 0.0X Chinese yawn basis!

Cheesy


Let us jump in with a thousand extra quad Radeon 6990 mining rig!

Min! .. Mine! .. Mine!

You replied to the wrong person.

Or you replied to the right person with the wrong words.

Anyways, I think you confuse "real daily usage" with "real world value" ... and I would say the $5 sounds right, but overall I would estimate a steady $20 for a while.  That $30 price from months back was as high as things go until the next 'stage' of Bitcoin and the public (whatever the fuck that means).   

Takkun
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August 03, 2011, 02:38:46 PM
 #10

And the difficulty will keep increasing  Cheesy

1Dfo3BvLSX5gDxvcouV57J93gSbfQQm7ah
tomcollins
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August 03, 2011, 02:42:12 PM
 #11

How many thousands of buy orders are on books @$5 or greater?  100k? 200k?

The better question is how many would still be there if the price dropped to $5.
walidzohair
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August 03, 2011, 02:52:03 PM
 #12

How many thousands of buy orders are on books @$5 or greater?  100k? 200k?

The better question is how many would still be there if the price dropped to $5.

I bet there will be a lot who will:

Mine..! Mine..! Mine..!
Rassah
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August 03, 2011, 03:46:21 PM
 #13

Trolls WAY trollier than you have predicted price drops with specific numbers before ($10 when it was at $15), only to be ridiculed when the price rebounded without coming close to their predictions. Be careful making specific price predictions.

ttk2
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August 03, 2011, 03:48:17 PM
 #14

Trolls WAY trollier than you have predicted price drops with specific numbers before ($10 when it was at $15), only to be ridiculed when the price rebounded without coming close to their predictions. Be careful making specific price predictions.



trollier? Do we have an offical troll level scale here?

Just in case i do something worthwhile: 12YXLzbi4hfLaUxyPswRbKW92C6h5KsVnX
walidzohair
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August 03, 2011, 03:52:08 PM
 #15

Trolls WAY trollier than you have predicted price drops with specific numbers before ($10 when it was at $15), only to be ridiculed when the price rebounded without coming close to their predictions. Be careful making specific price predictions.

Trolling is when there are a lot buying something scarce. Not vice versa.
1.21gigawatts
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August 03, 2011, 03:53:31 PM
 #16

Where were you with your prediction yesterday?  This FUD post just means that bitcoin has been oversold.  It's a buy sign
newMeat1
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August 03, 2011, 03:58:33 PM
 #17

Quote
It's a buy sign

I agree. Now is a good time to buy. I already put my money where my mouth is   Smiley

walidzohair
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August 03, 2011, 03:59:24 PM
 #18

Quote
It's a buy sign

I agree. Now is a good time to buy. I already put my money where my mouth is   Smiley

Mine..! mine..! Mine..!
doldgigger
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August 03, 2011, 11:15:28 PM
 #19

Underpriced overall, but not in the current situations.  $5 sounds about right.

5$ is a bubble! just speculators trying to move the market up and down to make money..


Exactly. This is highly interesting. Apparently, bitcoin has become big enough to attract larger scale speculation to test its limits.

I do hope we will soon see more bitcoin businesses providing various services using true bitcoin prices (rather than highly volatile prices based on an USD price and the daily exchange rate), so the value of a bitcoin becomes more stable.

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Feel free to PM me for consulting and development services.
walidzohair
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August 03, 2011, 11:25:54 PM
 #20

That is what I am trying to say from eh beginning.


There is no real use big enough to set off a REAL STABLE price.

Even 5$ looks pretty much overpriced value!
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