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Author Topic: Do you guys remember the poll about if bitcoin will be 10 000usd this year?  (Read 2623 times)
thedarksun
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February 10, 2014, 05:33:03 PM
 #1

The majority of people said they believe it will be 10000USD.
Ha. Delusional optimists.
I say we will recover to 900-1000 by either summer or end of the year.
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February 10, 2014, 05:39:38 PM
 #2

I agree, I also think that if Bitcoin ever reaches $10,000 hyper inflation will have hit and it will be pointless selling them anyway, it's a bit like these Jewellers I've heard of gathering the Silver and Gold dust up to save so they can sell it, if the dust is that high a price then it isn't the metal that's valuable the currency your selling it for is worthless.
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February 10, 2014, 05:44:55 PM
 #3

You never know.  Thinking btc would reach $1,000 last year when it was about $16 at the start of year would have seemed crazy as well.

We are only 6 weeks into the new year, way too short to know where bitcoin will be at the end of the year.

I had voted that no bitcoin wont be $10,000 by the end of the year and I still agree that it wont be. However, if it did reach those numbers I wouldn't be surprised either considering how things have gone in the past year  Wink

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February 10, 2014, 05:59:37 PM
 #4

This place cracks me up. In november, I tried to serve as a reality check for the community when we were getting three or four "to the moon!" threads a day, and I'd get abused by all corners everytime I countered the absurd projections. Now, we go into a bear market and it's all gloom and doom. This is bitcoin! We always go through boom and bust cycles, only to rise again from the ashes shortly after. There is no reason why this year will be any different. Sometimes I feel like I'm the only person around here with a memory longer than two weeks.

Night gathers, and now my bitcoinwisdom watch begins.
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February 10, 2014, 06:02:10 PM
 #5

China will remove their restriction to bitcoin once they have obtained high enough coins then pump it high enough so late comers buy at a high price  Grin Grin Grin

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February 10, 2014, 06:06:39 PM
 #6

Anything can happen. Maybe 10 000$ is a bit too high for 2015, then again you never know where and when the next spike will bring us.
Maybe $5000 sounds a bit more realistic?

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thedarksun
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February 10, 2014, 06:11:24 PM
 #7

5000dollars by this year?
How is that possible?
Its all up to mtgox really. If mtgox dies out int he near future then we will see a great drop and slow recovery.
If mtgox doenst die, well then price will still recover. I dont thin kwe will see a new all time high anytime soon. Maybe around christmas/fall.
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February 10, 2014, 06:15:17 PM
 #8

Threads of this nature have occurred a thousand times before. There'll be tens of thousands more. There must be a secret level of the Bitcoin protocol that corrodes perspective.

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February 10, 2014, 06:29:04 PM
 #9

This place cracks me up. In november, I tried to serve as a reality check for the community when we were getting three or four "to the moon!" threads a day, and I'd get abused by all corners everytime I countered the absurd projections. Now, we go into a bear market and it's all gloom and doom. This is bitcoin! We always go through boom and bust cycles, only to rise again from the ashes shortly after. There is no reason why this year will be any different. Sometimes I feel like I'm the only person around here with a memory longer than two weeks.

Herd psychology is strong in any community. The positive feedback of patting each others back and confirming the "truth" of majority opinion just feels too irresistibly good to many people. Don't worry, you're not the only one with a longer attention span than a goldfish around here. It's just that the more clueless you are, the more likely it is you'll find yourself shouting your "opinion" at the top of your lungs  Grin

Threads like this one make me feel that the bottom is slowly approaching.

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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February 10, 2014, 06:31:52 PM
 #10

when '$10,000 next week' threads appear, sell. when '$10 next week' threads appear, buy.
Le Happy Merchant
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February 10, 2014, 06:36:57 PM
 #11

The blockchain got forked last year. The price was below $50 at the time. In the same year it rose to over $1000.

If the death of gox is anything like a blockchain fork, we may see $10000 this year. I genuinely think we will.

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February 10, 2014, 07:05:18 PM
 #12

Threads like this one make me feel that the bottom is slowly approaching.
No kidding. This board has always seemed to be the best indication of where in the cycle we are at. Here's a pro-tip that will (probably) make you a lot of money: When we're in a bubble, don't sell until there are a massive amount of "To the moon!"-type posts around here. When you're seeing posts like "$10,000 by the end of the week!" when we've just broken $1k and the week is half-over, sell.

thedarksun
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February 10, 2014, 07:32:58 PM
 #13

If mtgox fixes its withdrawals everyone will do it and crash the price down. gox will probably die out at that time, it will take a long time before it is recovered again
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February 10, 2014, 08:23:31 PM
Last edit: February 10, 2014, 08:35:31 PM by matt608
 #14

All you have to to to realize $5000-$10000 per btc is a very real possibility for this year is go to bitcoinwisdom.com, put the settings to show the log scale and look at the all time btc history.  BTC goes up in steps, or 'bubble phases'.  We've had 4 so far and they are all 7-9 months apart.  If the pattern continues the next one should happen in about 6 months and it's peak will likely be $5k-$10k.  Until then its mostly sideways and downward movement.


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sgbett
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February 10, 2014, 08:39:14 PM
 #15

Remember the poll? not half...I got 5BTC on it Wink

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February 10, 2014, 08:43:55 PM
 #16

I got a single coin on that bet too. Can't wait to see how flooded the yes side gets when we get closer.

Look inside yourself, and you will see that you are the bubble.
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February 10, 2014, 08:50:44 PM
 #17

I got a single coin on that bet too. Can't wait to see how flooded the yes side gets when we get closer.

I'd been waiting a while for better odds. I got just under 2:1 this morning.

Let's hope the no side continues to fill up during this downturn, and that the time weighting has decreased plenty by the time the upswing happens Wink

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February 10, 2014, 09:07:01 PM
 #18

The "bwhahaha i told u so" bear threads begin !

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February 10, 2014, 09:14:15 PM
 #19

5000dollars by this year?
How is that possible?
Its all up to mtgox really. If mtgox dies out int he near future then we will see a great drop and slow recovery.
If mtgox doenst die, well then price will still recover. I dont thin kwe will see a new all time high anytime soon. Maybe around christmas/fall.
It's not that much up to Gox anymore. Wait for their death.

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nakaone
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February 10, 2014, 10:09:33 PM
 #20

even if it drops to 100$ this night it is not more or less unlikely than before

no one knows

my feeling is that more and more people get a view on the technology behind bitcoin and see its future potentials.

i know that people hate me for saying this but do you have any idea what a smart (!) regulation for bitcoin in the us will mean for the price of bitcoin  Grin

just see what it is and who is responsible for this mess: mtgox is an entity you had/have to trust, bitcoin runs WITHOUT trust and so will a) the decentralized exchanges in the future or b) the new exchanges will be in a way regulated that their as trustful as possible in finance
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