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Author Topic: Pure Speculation Graph  (Read 2542 times)
jimbobway
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August 19, 2011, 05:18:18 AM
 #1

Here is some speculation...if bitcoin continues to grow exponentially then we'll see bitcoin hit $40 to $150 per bitcoin in the next rally.  Maybe it will happen in September.  See graph.   Grin

This is a logarithmic graph:


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1481291901
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xali
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August 19, 2011, 05:21:34 AM
 #2

I approve of this thread

Smiley ;/)
BitcoinStars.com
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August 19, 2011, 05:24:39 AM
 #3

that graph looks pretty  Cool
pekv2
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August 19, 2011, 05:24:57 AM
 #4

I really like you speculation Grin Grin Grin , who wouldn't? Tongue
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August 19, 2011, 07:17:00 AM
 #5

Serge
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August 19, 2011, 07:42:18 AM
 #6

I really like you speculation Grin Grin Grin , who wouldn't? Tongue

Nagle, Edward50, BtcEconomist and few others - what are they doing here I still have no idea
piramida
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August 19, 2011, 08:11:18 AM
 #7

Nagle, Edvard50, BtcEconomist and few others - what are they doing here I still have no idea

They have 20 dollars each and want to become bitcoin billionaires. So they are waiting for the price to drop to 1 cent or less, and are genuinely surprised that market does not agree with their wish.

i am satoshi
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August 19, 2011, 09:37:13 AM
 #8

They have 20 dollars each and want to become bitcoin billionaires. So they are waiting for the price to drop to 1 cent or less, and are genuinely surprised that market does not agree with their wish.
+1

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pekv2
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August 19, 2011, 04:32:41 PM
 #9

I really like you speculation Grin Grin Grin , who wouldn't? Tongue

Nagle, Edward50, BtcEconomist and few others - what are they doing here I still have no idea

Rofl, I really didn't expect an answer and specially some persons that wouldn't like it. Cheesy
ElectricMucus
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August 19, 2011, 04:37:17 PM
 #10

But your graph implies the wrong thing. IF the low resistance in your graph is read correctly it would go to 7 first before raising again.

cheater  Grin 

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tacotime
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August 19, 2011, 04:48:01 PM
 #11

For bitcoin to continue to grow exponentially at an average rate of 10% or so a month the currency we use would have to as well

not happening

but we can dream

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
xali
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August 19, 2011, 04:59:38 PM
 #12

the currency we use would have to as well

?!?!? the value of the US dollar has nothing (well not that much) to do with the value of BTC. all it really comes down to is supply and demand.. if there are more people buying bitcoins then selling them, then the price is raised.

Smiley ;/)
tacotime
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August 19, 2011, 05:05:11 PM
 #13

this is true, but i'm not sure how much people will continually demand it like gold is being demanded.  we're gonna peak soon with gold and with bitcoin.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
xali
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August 19, 2011, 05:09:24 PM
 #14

why would we peak with bitcoin?? ur not making anysense

Smiley ;/)
tacotime
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August 19, 2011, 05:12:37 PM
 #15

for the same reason you peak with gold: fear of inflation/devaluation of cash holdings decreasing.  exactly the same as what happened to gold after 1980.  the reason bitcoin is popular (aside from being novel) is everyone's fear of inflation because of european/american debt problems.  as a deflationary commodity supply of bitcoin can never be excessively increased, so in times of inflation fears it appears more attractive than cash holdings because it may retain its value better until the fear of inflationary crisis is resolved.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
xali
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August 19, 2011, 05:17:01 PM
 #16

no one can say for sure exactly why people are buying bitcoins.

If it really was that smart of a reason, then the people who saw the appeal in bitcoin for that reason would also see the appeal in bitcoin in how its decentralized and secure and everything and how the current monetary system is flawed.

but I highly doubt the average bitcoin buyer actually would think that much (if they did, they would never sell and always hold, simply because having USD or whatever as opposed to BTC is supporting a flawed system). All they see OMG THE PRICE IS GOING HIGHER I CAN BUY SUM AND SELL WHEN ITS REALLY HIGH DERP. or something like that...

Smiley ;/)
Flappy
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August 19, 2011, 06:31:00 PM
 #17

But your graph implies the wrong thing. IF the low resistance in your graph is read correctly it would go to 7 first before raising again.

cheater  Grin  

How 'bout this?

ElectricMucus
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August 19, 2011, 07:08:55 PM
 #18

How 'bout this?


That would be acceptable.

One thing to consider though is that there was a paradigm shift where mining became profitable not for speculation but for direct selling. So this graph could be faulty as well.
I all depends on the masses mining on 300Mhash or less if they decide to sell the lower line would have to be placed against the start of exponential rise and the first low at USD 1. In that case resistance could even be at 4.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
BitcoinStars.com
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August 19, 2011, 07:22:26 PM
 #19

graphs are cool Cool
ElectricMucus
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August 19, 2011, 07:35:42 PM
 #20

One thing you might look out for is the volume of cards appearing on ebay, if it were to increase we might be heading for another drop in price. If it dries out... well here you go  Cool

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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