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Author Topic: BTC $100!  (Read 1855 times)
The 4ner (OP)
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December 09, 2013, 06:32:37 PM
 #1

Will wer ever see those prices again?  Huh
I sure hope so.
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December 09, 2013, 06:35:47 PM
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Will wer ever see those prices again?  Huh
I sure hope so.

Yes we will.
mBTC $100USD for 0.1BTC
The 4ner (OP)
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December 09, 2013, 06:37:04 PM
 #3

I meant per BTC. Not a portion of one.
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December 09, 2013, 06:38:53 PM
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I meant per BTC. Not a portion of one.

My reply was sarcastic. Cheesy
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December 09, 2013, 06:38:58 PM
 #5

@OP    how high are you right now?

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December 09, 2013, 06:39:17 PM
 #6

I meant per BTC. Not a portion of one.

I think yes and then 50 and then 20 and then 2 ad then 0.000 (the end of BTC) with in 1 year
flynn
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December 09, 2013, 06:39:43 PM
 #7

Maybe he means $100 per mBTC ?

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The 4ner (OP)
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December 09, 2013, 06:42:00 PM
 #8

No I literally meant per BTC. I really wish something will occur that will cause the price to crash that low, but because of the wide adoption across the globe by large and small
businesses I doubt it will. It doesn't hurt to dream though. LOL!
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December 09, 2013, 06:42:18 PM
 #9

Will wer ever see those prices again?  Huh

No, even big whales have no reason to see this price again - too risky
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December 09, 2013, 06:43:40 PM
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Just one question for OP: if you saw bitcoin crashing down 90% to $100 tomorrow, what would you've done? bought some? an honest answer please...

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The 4ner (OP)
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December 09, 2013, 06:45:59 PM
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Just one question for OP: if you saw bitcoin crashing down 90% to $100 tomorrow, what would you've done? bought some? an honest answer please...

I certainly would. It would sure seem risky but I would.
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December 09, 2013, 06:50:02 PM
 #12

It's certainly possible, but I wouldn't bet on it.  I'm doubting we'll ever fall below our previous ATH of $266.  Next time we really cross $1000 good, may very well be the last time we see triple digits.

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December 09, 2013, 06:59:45 PM
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Just one question for OP: if you saw bitcoin crashing down 90% to $100 tomorrow, what would you've done? bought some? an honest answer please...

I certainly would. It would sure seem risky but I would.

ok but the correct answer is run away Smiley if bitcoin goes outside of the growing channel (which now has a minimum at like 300) even just for a moment, that would mean that most traders know something very bad that you don't know; not a good time to buy for certain.

there is a huge difference between regular orchestrated panic, when silly newb herd runs to give away their bitcoins cheaply to the money waiting near support lines, and actually breaking through all support lines - this would be a free dive which could easily end in a land crash. at this moment, buying in below 300 would be a huge mistake.

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December 09, 2013, 07:32:33 PM
 #14

Yes, we are going to see $100-200 levels before 2014 in my opinion.
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December 09, 2013, 07:35:58 PM
 #15

Yes, we are going to see $100-200 levels before 2014 in my opinion.
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I for one would keep buying even at 200 or 100 oe 20
The 4ner (OP)
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December 09, 2013, 07:36:13 PM
 #16

Yes, we are going to see $100-200 levels before 2014 in my opinion.
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Enough with the sarcasm. I want honest answers. I'm starting a conversation.
flynn
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December 09, 2013, 07:39:25 PM
 #17

Enough with the sarcasm. I want honest answers. I'm starting a conversation.

All right.

USD and EUR are inflationary currencies
BTC is a deflationary tool.

BTC/USD has nowhere to go except up.


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December 09, 2013, 07:46:35 PM
 #18

It's certainly possible, but I wouldn't bet on it.  I'm doubting we'll ever fall below our previous ATH of $266.  Next time we really cross $1000 good, may very well be the last time we see triple digits.

I agree except I think 266 is too low.

Historically, it bottoms out at about twice the previous ATH.

e.g. 30 -> 2,  266 -> 50, 1242 -> 550
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December 09, 2013, 07:51:34 PM
 #19

It's certainly possible, but I wouldn't bet on it.  I'm doubting we'll ever fall below our previous ATH of $266.  Next time we really cross $1000 good, may very well be the last time we see triple digits.

I agree except I think 266 is too low.

Historically, it bottoms out at about twice the previous ATH.

e.g. 30 -> 2,  266 -> 50, 1242 -> 550

But these figures do not represent an event if there is a major bad news about Bitcoins all over the press. This theory will fail in that case, since most hands will then start panic selling if in any way a news challenges the future of Bitcoin.

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December 09, 2013, 07:57:16 PM
 #20

Enough with the sarcasm. I want honest answers. I'm starting a conversation.

You're gonna have a hard time getting a straight answer around here in a forum where everyone has an agenda and posts BS hoping to influence people in their direction.

Better to educate yourself and form your own opinions.

Here's an excellent analysis of the forces behind Bitcoin pricing.

http://www.thebitcoinchannel.com/archives/29238
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