Bitcoin Forum
March 28, 2024, 10:35:20 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: $1,300 to 10,000 very rapidly  (Read 5473 times)
wobber (OP)
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
November 28, 2013, 04:44:04 AM
 #1

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.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
1711665320
Hero Member
*
Offline Offline

Posts: 1711665320

View Profile Personal Message (Offline)

Ignore
1711665320
Reply with quote  #2

1711665320
Report to moderator
1711665320
Hero Member
*
Offline Offline

Posts: 1711665320

View Profile Personal Message (Offline)

Ignore
1711665320
Reply with quote  #2

1711665320
Report to moderator
1711665320
Hero Member
*
Offline Offline

Posts: 1711665320

View Profile Personal Message (Offline)

Ignore
1711665320
Reply with quote  #2

1711665320
Report to moderator
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711665320
Hero Member
*
Offline Offline

Posts: 1711665320

View Profile Personal Message (Offline)

Ignore
1711665320
Reply with quote  #2

1711665320
Report to moderator
1711665320
Hero Member
*
Offline Offline

Posts: 1711665320

View Profile Personal Message (Offline)

Ignore
1711665320
Reply with quote  #2

1711665320
Report to moderator
1711665320
Hero Member
*
Offline Offline

Posts: 1711665320

View Profile Personal Message (Offline)

Ignore
1711665320
Reply with quote  #2

1711665320
Report to moderator
wobber (OP)
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
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!

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Nolo
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


Whoa, there are a lot of cats in this wall.


View Profile
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. 


Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
19GpqFsNGP8jS941YYZZjmCSrHwvX3QjiC
ablewasiereisawelba
Full Member
***
Offline Offline

Activity: 133
Merit: 100


View Profile
November 28, 2013, 05:15:40 AM
 #4

$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.

BitAlarm.com - Bitcoin Alarm - Wake up to big changes in the market, or listen to beeps as a price is passed in the background.
wobber (OP)
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
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.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1002


View Profile
November 28, 2013, 05:24:38 AM
 #6

$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.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
wobber (OP)
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
November 28, 2013, 05:26:43 AM
 #7

Good point notme. Thanks.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Bitbuy
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
November 28, 2013, 07:25:20 AM
 #8

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 (OP)
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


View Profile
November 28, 2013, 07:54:15 AM
 #9

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.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Tzupy
Legendary
*
Offline Offline

Activity: 2128
Merit: 1074



View Profile
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
domob
Legendary
*
Offline Offline

Activity: 1135
Merit: 1161


View Profile WWW
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.

Use your Namecoin identity as OpenID: https://nameid.org/
Donations: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS | GPG 0xA7330737
ft73
Hero Member
*****
Offline Offline

Activity: 564
Merit: 508


View Profile
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$.
FNG
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
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$.
If you want to make money simply do the opposite of what Tzupy says. He's wrong 100% of the time.
Hyena
Legendary
*
Offline Offline

Activity: 2114
Merit: 1011



View Profile WWW
November 28, 2013, 09:33:30 AM
 #14

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.

★★★ CryptoGraffiti.info ★★★ Hidden Messages Found from the Block Chain (Thread)
romerun
Legendary
*
Offline Offline

Activity: 1078
Merit: 1001


Bitcoin is new, makes sense to hodl.


View Profile
November 28, 2013, 09:38:37 AM
 #15

Less than 2 yr
bitleif
Sr. Member
****
Offline Offline

Activity: 351
Merit: 250


I'm always grumpy in the morning.


View Profile
November 28, 2013, 09:42:45 AM
 #16

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.
PenAndPaper
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
November 28, 2013, 09:46:52 AM
 #17

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.
msc
Sr. Member
****
Offline Offline

Activity: 282
Merit: 250



View Profile
November 28, 2013, 09:50:35 AM
 #18

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.
qwertyGuy
Member
**
Offline Offline

Activity: 115
Merit: 10


View Profile
November 28, 2013, 10:03:31 AM
 #19

$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
Apraksin
Sr. Member
****
Offline Offline

Activity: 420
Merit: 251


Moon?


View Profile
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.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!