New ATH, $5,500...coming soon

[Elwar]

This all feels a lot like what happened after Silk Road was busted.

The price was around $120, then crashed down to around $90/BTC. The media hailed it as the end of Bitcoin.
The next day the price came back up to $120 and kept climbing. The media still kept talking about how Bitcoin was finished.

Within two months, the price of Bitcoin was over $1,200.

Now after MtGox goes away.
The price was around $550 then crashed to around $400/BTC. The media hails it as the end of Bitcoin.
The next day the price comes back up over $550 and keeps climbing. The media still keep talking about how Bitcoin is finished.

Within two months, price of Bitcoin over $5,500?

[podyx]

possible but i dont think we will see $5k till summer

[CrusaderTim]

“Be fearful when others are greedy and greedy when others are fearful”

― Warren Buffett

[Elwar]

“Be fearful when others are greedy and greedy when others are fearful”

― Warren Buffett

"Cheesburger in paradise."

-- Jimmy Buffett

[sidhujag]

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

You arent really promoting yourself as being so knowledgable with that quote in this context.

I think it depends on the reality of the 750k btc... If its truly gone and sold off then all dips qre priced in and we have a supply shortcome ehich exasbarates price inclines. if someone has those 750k I dont expect price to rise that far that fast.

[cAPSLOCK]

“Be fearful when others are greedy and greedy when others are fearful”

― Warren Buffett

"Cheesburger in paradise."

-- Jimmy Buffett

"In a Gadda da Vida honey..."

--Iron Butterfly

[Mythul]

Hell....it's about time. 

[threecats]

doo bee doo bee doo bee doo

- Sinatra

[efarah2549]

I'm the scatman

Ski bi di bi di do bap do
Do bam do

Bada bwi ba ba bada bo
Baba ba da bo
Bwi ba ba ba do

- Scatman John

[akujin]

Sometimes when I close my eyes, I can't see...

-Confuseyouz

[doctor877]

What I think is intresting to see, is that if the ones getting burned on the Gox incident, are going to rebuy some of their stash back, or just get out of bitcoin.  Because there must be people who lost all their bitcoins, and still they realize bitcoin huge potential. So this might start the next mini rally, before the big investors jump in.

[sshapiroNJ]

What I think is intresting to see, is that if the ones getting burned on the Gox incident, are going to rebuy some of their stash back, or just get out of bitcoin.  Because there must be people who lost all their bitcoins, and still they realize bitcoin huge potential. So this might start the next mini rally, before the big investors jump in.

Totally agree.  The time of agressive game is coming as people who lost theit money are now fearless cause they've already lost a lot and going to do everything in all their might

[doctor877]

But if the gox coins are really gone, they got 2 choices, either give up, or buy more. The latter choice will bring loads of more demand to market.

[Hyena]

"Size only matters when you're full grown, baby!"

-- Duke Nukem



Is bitcoin full grown yet? Hell no!

edit:
fixed a typo

[trcwhale]

No way.

It is already tanking hard for people to invest into this so much uncertainty.

 

[CrusaderTim]

"Bubble, bubble, bubble POP!"

- HYUNA

[cosmofly]

Elwar u will cry a sea of ur own blood

CRY

[SpeculateThis]

CCMF!

[proudhon]

"The bitcoin price goes down sometimes, but then goes back up later."

-Proudhon

[chesthing]

$5500 this year is completely delusional. I really hope someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional.