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Author Topic: Market Doesn't Look to Hold Above $6,000  (Read 7933 times)
smoothie
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July 10, 2014, 12:02:22 AM
 #81

What is the time frame for the 6k price call?

Never. Maybe 1000 someday.

Hard to see it going back to 1000 when the price is at 620.

Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
Look at the logarithmic charts:
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1

So according to this graph, I buy $200 worth of bitcoin today and wait to the end of 2015 to get at least 30,000 in return. Nice. Why isn't everyone rushing into this?


Poor people should buy $6 worth of Bitcoin, at the end of 2015 they'll have 1,000

Below-average income people should buy $60 worth of bicoin, return of 10,000

Good-income people should buy a Bitcoin, return of 100,000 by 2015.

Carlos Slim should buy 6000 BTC, he'll have 600,000,000

Satoshi could have 1,000,000,000,000.




The reason is the same as when people were not buying Litecoin at half a penny in 2012. The price was depressed and that drove people away.

The same is right now. When people lose money by making bad trades they are forced to find another means to make income they lost and that usually is in the form of a day job. So they leave the community to focus on their financial well-being and then return when the news sites are saying "Bitcoin just hit $5000"...then the cycle repeats.

Most people who have money to invest do not invest until the market is already going up.

My attitude is stay the course if you can afford to. But make sure you do your homework before investing and make your own decisions.

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July 10, 2014, 04:31:07 AM
 #82

Its very interesting when markets get logarithmic Tongue
wobber
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July 10, 2014, 12:02:33 PM
 #83

I would be very very happy if price gets to 3000 soon. Like in about 2 months.

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July 10, 2014, 01:47:14 PM
 #84

I would be very very happy if price gets to 3000 soon. Like in about 2 months.

Espirito Santo might well help you out a bit there. (Like, say make that "2 weeks" ? Smiley )

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July 10, 2014, 02:08:02 PM
 #85

So, people expecting 10 folds increase in price because?
toknormal
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July 10, 2014, 03:04:21 PM
 #86

So, people expecting 10 folds increase in price because?

Because Fiat is highly levered credit money = 1 seat for 10 people
Bitcoin is unlevered base money = 10 seats for 10 people
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July 10, 2014, 03:35:28 PM
 #87

So, people expecting 10 folds increase in price because?

Because why not?  It's already sitting at >100 fold over two years.  What's another 10?
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July 10, 2014, 05:00:58 PM
 #88

Ha ha. Now in 2014 and look at the price. Smiley

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July 10, 2014, 05:27:03 PM
 #89

I would be very very happy if price gets to 3000 soon. Like in about 2 months.

Espirito Santo might well help you out a bit there. (Like, say make that "2 weeks" ? Smiley )



Dat would be awesome

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