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Author Topic: $1,300 to 10,000 very rapidly  (Read 5377 times)
wobber
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November 28, 2013, 04:44:04 AM
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I'm no bull but I'm wondering if we could get into such massive speculative bubble and new money that will make a gigantic leap in price.

I'm taking $1,300 as a starting point because it's more than the next major milestone, an ounce of gold. This will certainly make media buzz and the frenzy could begin.

Very rapidly for me would mean somewhere between 1 to 4 months.

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wobber
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November 28, 2013, 05:09:30 AM
 #2

Interesting... 60 views and no post. Has this market turned bear? Because I will know what to do: buy! and then buy more!

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November 28, 2013, 05:14:36 AM
 #3

I hadn't thought about it, but you do raise an interesting point.  I imagine the media will have a fun time with the Bitcoin > gold story. 


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November 28, 2013, 05:15:40 AM
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$1,300 -> $10,000 is a ~670% increase and really would not be such an insane jump for a four month period.

I'm more interested in whether or not there will be a price correction so steep that money stops coming in for a while, like in 2011/April of this year.

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wobber
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November 28, 2013, 05:19:36 AM
 #5

$1,300 -> $10,000 is a ~670% increase and really would not be such an insane jump for a four month period.

I'm more interested in whether or not there will be a price correction so steep that money stops coming in for a while, like in 2011/April of this year.

Since history tends to repeat itself, I think you know what I expect.

Also from 1,000,000 to 2,000,000 it's a 100% increase but to get there price would have to go like what, about $5 per minute non-stop for 4 months.

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November 28, 2013, 05:24:38 AM
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$1,300 -> $10,000 is a ~670% increase and really would not be such an insane jump for a four month period.

I'm more interested in whether or not there will be a price correction so steep that money stops coming in for a while, like in 2011/April of this year.

Since history tends to repeat itself, I think you know what I expect.

Also from 1,000,000 to 2,000,000 it's a 100% increase but to get there price would have to go like what, about $5 per minute non-stop for 4 months.

But $5 is 0.0005% of $1,000,000 so by the time we hit that price the spread for a small trader on Gox will be 2*0.6% or $12,000.

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wobber
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November 28, 2013, 05:26:43 AM
 #7

Good point notme. Thanks.

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November 28, 2013, 07:25:20 AM
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Yeah, media outlets will definitely be picking this up. This morning I even read some articles in the papers who have never before talked about Bitcoin...
wobber
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November 28, 2013, 07:54:15 AM
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Yeah, media outlets will definitely be picking this up. This morning I even read some articles in the papers who have never before talked about Bitcoin...

I too heard some TV stations mentioning bitcoin without being ever a subject on their news.

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November 28, 2013, 08:37:41 AM
 #10

IMO 1,300$ is more likely to be the crash point. Right now there are about 8k coins to be bought up to 1,300$ (on Gox).
When the sellers will see a significant amount of the bids depleted, they'll know it's time to dump big, or be left holding the bag.

Sometimes, if it looks too bullish, it's actually bearish
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November 28, 2013, 08:38:20 AM
 #11

Yeah, media outlets will definitely be picking this up. This morning I even read some articles in the papers who have never before talked about Bitcoin...

Yesterday, I saw an article on (IT-centric) futurezone.at about Bitcoin surpassing 1000 USD.  (Although they did regular stories since beginning of this year already.)  I'm sure gold parity will bring in a lot of more news stories, though.

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November 28, 2013, 08:52:00 AM
 #12

IMO 1,300$ is more likely to be the crash point. Right now there are about 8k coins to be bought up to 1,300$ (on Gox).
When the sellers will see a significant amount of the bids depleted, they'll know it's time to dump big, or be left holding the bag.

Highly likely.
I'm ready with bids at about 600$.
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November 28, 2013, 09:18:46 AM
 #13

IMO 1,300$ is more likely to be the crash point. Right now there are about 8k coins to be bought up to 1,300$ (on Gox).
When the sellers will see a significant amount of the bids depleted, they'll know it's time to dump big, or be left holding the bag.

Highly likely.
I'm ready with bids at about 600$.
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November 28, 2013, 09:33:30 AM
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I also support this prediction. Also, regular Joes are starting to appear and asking me questions about Bitcoin. I mean literally dudes with no computer background are showing up interest.

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November 28, 2013, 09:38:37 AM
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Less than 2 yr
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November 28, 2013, 09:42:45 AM
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Tonight I dreamt that bitcoin crashed from $1000 down to single digits, but jumped up again before I had the chance to buy more. That shit was scary.
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November 28, 2013, 09:46:52 AM
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Interesting... 60 views and no post. Has this market turned bear? Because I will know what to do: buy! and then buy more!

No point really in commenting every post done by wanna be psychics speculators.
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November 28, 2013, 09:50:35 AM
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Tonight I dreamt that bitcoin crashed from $1000 down to single digits, but jumped up again before I had the chance to buy more. That shit was scary.
I had a dream like that recently.  I was watching the price on Bitcoinity and it started dropping non-stop all the way down into negative numbers.  I was in a leveraged trade at the time though.  When my BTC are safe in my wallet, I sleep just fine.
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November 28, 2013, 10:03:31 AM
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$1,300 -> $10,000 is a ~670% increase and really would not be such an insane jump for a four month period.

I'm more interested in whether or not there will be a price correction so steep that money stops coming in for a while, like in 2011/April of this year.

Since history tends to repeat itself, I think you know what I expect.

Also from 1,000,000 to 2,000,000 it's a 100% increase but to get there price would have to go like what, about $5 per minute non-stop for 4 months.

But $5 is 0.0005% of $1,000,000 so by the time we hit that price the spread for a small trader on Gox will be 2*0.6% or $12,000.

This only shows 0.6% is unsustainable for future trades Smiley
Hey, you pay high fees and where are your money when you try to withdraw USD from MtGox  Huh
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November 28, 2013, 10:19:34 AM
 #20

I also support this prediction. Also, regular Joes are starting to appear and asking me questions about Bitcoin. I mean literally dudes with no computer background are showing up interest.

Yes, suddenly the Joes are massively interested even though I've been pestering them to buy since 60 $.

If we manage to stay afloat above 1000 $ a few days I believe we will se further growth due to the influx of new buyers. Otherwise correction and lot's of scared pigs.
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