Bitcoin Forum
November 23, 2017, 06:55:24 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: I believe the price will be going up and here's why  (Read 1359 times)
btcprice
Sr. Member
****
Offline Offline

Activity: 406


View Profile
November 22, 2013, 07:22:58 PM
 #1

Plenty of people were hearing about tulips and previous bubbles and blowoffs and sorts. When we went parabolic and hit 900 and then started going down, people were afraid of having the price crash down to below 200 or even 100.

But the price bounced at 475. By then many people sold at between 500-600. Since I believe this market is manipulated just like any other market, this means that more bitcoins were available at 500-600. The manipulators were able to get a good deal at that price, especially when they will manipulate it above 1000 eventually (rather shortly I believe).

The frightened people who sold at between 500-600 will be left holding the bag.
1511463324
Hero Member
*
Offline Offline

Posts: 1511463324

View Profile Personal Message (Offline)

Ignore
1511463324
Reply with quote  #2

1511463324
Report to moderator
1511463324
Hero Member
*
Offline Offline

Posts: 1511463324

View Profile Personal Message (Offline)

Ignore
1511463324
Reply with quote  #2

1511463324
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511463324
Hero Member
*
Offline Offline

Posts: 1511463324

View Profile Personal Message (Offline)

Ignore
1511463324
Reply with quote  #2

1511463324
Report to moderator
1511463324
Hero Member
*
Offline Offline

Posts: 1511463324

View Profile Personal Message (Offline)

Ignore
1511463324
Reply with quote  #2

1511463324
Report to moderator
eindbaas
Member
**
Offline Offline

Activity: 70

umad?


View Profile
November 22, 2013, 07:54:25 PM
 #2

ok
John999
Legendary
*
Offline Offline

Activity: 1204



View Profile
November 22, 2013, 08:11:55 PM
 #3

Or maybe the people buying at 750 will be left holding the bag when it goes back to 400. Who knows.
Skybits
Newbie
*
Offline Offline

Activity: 12



View Profile
November 22, 2013, 08:18:35 PM
 #4

Why not buy half now and dollar cost average on the way down...if you believe it will go down. If the price goes up then you make some money.
alexmarkley
Newbie
*
Offline Offline

Activity: 14

Strangely Awesome


View Profile
November 22, 2013, 09:47:58 PM
 #5

I'm not an economist, but aren't there better reasons to believe BTC are going up in the long term sense?

I'm thinking of the deflationary nature of the currency, the intrinsic value in the unique attributes of cryptocurrency, the decreasing stability of fiat issuers, etc.. ?

Twitter: @alexmarkley | LocalBitcoins: alexmarkley | Coingig: strangelyawesome
btcprice
Sr. Member
****
Offline Offline

Activity: 406


View Profile
November 22, 2013, 11:20:35 PM
 #6

I'm not an economist, but aren't there better reasons to believe BTC are going up in the long term sense?

I'm thinking of the deflationary nature of the currency, the intrinsic value in the unique attributes of cryptocurrency, the decreasing stability of fiat issuers, etc.. ?

Long term yes. I was talking about short-term price increase.

Should be an interesting night of fireworks once again.
notme
Legendary
*
Offline Offline

Activity: 1848


View Profile
November 22, 2013, 11:24:55 PM
 #7

I'm not an economist, but aren't there better reasons to believe BTC are going up in the long term sense?

I'm thinking of the deflationary nature of the currency, the intrinsic value in the unique attributes of cryptocurrency, the decreasing stability of fiat issuers, etc.. ?

Just remember, Bitcoin monetary base is currently inflating faster than USD monetary base in percentage terms.  In the long run, this inflation will fall below USD supply inflation, but it is still well above it.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Tzupy
Legendary
*
Offline Offline

Activity: 1386



View Profile
November 22, 2013, 11:30:30 PM
 #8

Not to mention that 'inflation' in the ask side of the order books can reach 1000% overnight.

Sometimes, if it looks too bullish, it's actually bearish
btcprice
Sr. Member
****
Offline Offline

Activity: 406


View Profile
November 23, 2013, 07:23:13 AM
 #9

I'm not an economist, but aren't there better reasons to believe BTC are going up in the long term sense?

I'm thinking of the deflationary nature of the currency, the intrinsic value in the unique attributes of cryptocurrency, the decreasing stability of fiat issuers, etc.. ?

Just remember, Bitcoin monetary base is currently inflating faster than USD monetary base in percentage terms.  In the long run, this inflation will fall below USD supply inflation, but it is still well above it.

What is your definition of the term "monetary base"?
User705
Hero Member
*****
Offline Offline

Activity: 742



View Profile
November 23, 2013, 07:36:08 AM
 #10

I'm not an economist, but aren't there better reasons to believe BTC are going up in the long term sense?

I'm thinking of the deflationary nature of the currency, the intrinsic value in the unique attributes of cryptocurrency, the decreasing stability of fiat issuers, etc.. ?

Just remember, Bitcoin monetary base is currently inflating faster than USD monetary base in percentage terms.  In the long run, this inflation will fall below USD supply inflation, but it is still well above it.
You and your logics here.  Lots of people buying at this run up are the following.
https://bitcointalk.org/index.php?topic=343836.0;topicseen
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!