Elwar (OP)
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February 26, 2014, 07:45:21 AM |
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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?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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podyx
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February 26, 2014, 07:47:01 AM |
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possible but i dont think we will see $5k till summer
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CrusaderTim
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February 26, 2014, 07:47:42 AM |
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“Be fearful when others are greedy and greedy when others are fearful”
― Warren Buffett
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Elwar (OP)
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Viva Ut Vivas
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February 26, 2014, 07:49:14 AM |
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“Be fearful when others are greedy and greedy when others are fearful”
― Warren Buffett
"Cheesburger in paradise." -- Jimmy Buffett
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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sidhujag
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February 26, 2014, 07:50:46 AM |
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“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.
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cAPSLOCK
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Whimsical Pants
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February 26, 2014, 08:08:34 AM |
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“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
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Mythul
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February 26, 2014, 08:11:55 AM |
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Hell....it's about time.
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threecats
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February 26, 2014, 08:15:17 AM |
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doo bee doo bee doo bee doo
- Sinatra
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efarah2549
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February 26, 2014, 08:19:25 AM |
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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
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akujin
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February 26, 2014, 08:39:45 AM |
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Sometimes when I close my eyes, I can't see...
-Confuseyouz
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BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7 LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
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doctor877
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February 26, 2014, 08:44:45 AM |
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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.
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sshapiroNJ
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February 26, 2014, 08:51:20 AM |
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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
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doctor877
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February 26, 2014, 09:00:51 AM |
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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.
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Hyena
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February 26, 2014, 09:39:47 AM |
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" Size only matters when you're full grown, baby!" -- Duke Nukem Is bitcoin full grown yet? Hell no! edit: fixed a typo
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trcwhale
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February 26, 2014, 09:45:16 AM |
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No way.
It is already tanking hard for people to invest into this so much uncertainty.
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CrusaderTim
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February 26, 2014, 10:00:03 AM |
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"Bubble, bubble, bubble POP!"
- HYUNA
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cosmofly
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PrimeDAO - An Adoption Engine for Open Finance
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February 26, 2014, 10:04:05 AM |
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Elwar u will cry a sea of ur own blood
CRY
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SpeculateThis
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February 27, 2014, 03:04:26 AM |
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CCMF!
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proudhon
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February 27, 2014, 03:08:37 AM |
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"The bitcoin price goes down sometimes, but then goes back up later."
-Proudhon
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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chesthing
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February 27, 2014, 03:12:40 AM |
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$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.
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proudhon
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February 27, 2014, 03:13:33 AM |
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"$5500 this year is completely delusional. I hope really someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional."
-chesthing
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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BIGMERVE
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February 27, 2014, 03:14:29 AM |
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$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.
To be fair people were saying 1200 was delusional.
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chesthing
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February 27, 2014, 03:15:40 AM |
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"$5500 this year is completely delusional. I hope really someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional."
-chesthing
Wouldn't it make more sense to repeat my post after it has hit $5500?
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EatonABooger
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February 27, 2014, 03:16:57 AM |
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Prediction is very difficult, especially if it's about the future. (Niels Bohr)
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“Look at those poor saps back on land with their laws and ethics! They’ll never know the simple joys of a monkey knife fight.” H.J.Simpson
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ScrapOfCat
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February 27, 2014, 03:41:10 AM |
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Like every other ATH before, the next one will leave us all with our chins dragging on the floor.
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Squander electricity on piffle: 1CLQajy22Z2n9YjZurFfPaKApcqsQa8BzK
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SpeculateThis
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February 27, 2014, 04:46:28 AM |
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Like every other ATH before, the next one will leave us all with our chins dragging on the floor.
Exactly. No use trying to pretend you are a crystal ball reader.
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lyth0s
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World Class Cryptonaire
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February 27, 2014, 05:27:56 AM |
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Honestly I think the price of bitcoin could easily hit $5000 if any of the following occur: 1) A country in financial trouble adopts it 2) Merchants rapidly adopt it as a payment option 3) Becomes easily spendable in brick and motor stores (IE QR code scanning to pay for your shirt/beer/groceries etc) 4) There is collapse of a major currency 5) There is massive inflation or "quantitative easing" of a fiat currency IMO stating that bitcoins will never hit $5000.....is.....well, delusional
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smoothie
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LEALANA Bitcoin Grim Reaper
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February 27, 2014, 08:34:21 AM |
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Let's revisit this thread at the end of the year.
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Feri22
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February 27, 2014, 08:45:11 AM |
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$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.
To be fair people were saying 1200 was delusional. People were saying 100 USD was delusional...
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jl2012
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February 27, 2014, 08:58:07 AM |
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According to my theory here: https://bitcointalk.org/index.php?topic=470453.msg5398380#msg5398380 , you won't see an ATH at 5500 until the longterm trend line reaches 5500/4.48 = 1227. This won't happen before August.
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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Elwar (OP)
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Viva Ut Vivas
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February 27, 2014, 09:14:45 AM |
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Your theory needs to use 1337 to be even cooler.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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podyx
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February 27, 2014, 09:24:49 AM |
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$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.
To be fair people were saying 1200 was delusional. people probably thought $1 was delusional back when price was $0.01
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jl2012
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February 27, 2014, 09:34:07 AM |
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Your theory needs to use 1337 to be even cooler. 1337 will bring us to 6000
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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TERA
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February 27, 2014, 09:46:25 AM |
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What if the next ATH... is $1243.
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eiprol
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bitarchitect
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February 27, 2014, 12:03:00 PM |
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"The bitcoin price goes down sometimes, but then goes back up later."
-Proudhon
but... is that confirmed?
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jamesc760
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February 27, 2014, 12:24:12 PM |
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Confirmed.
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600watt
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February 27, 2014, 12:31:15 PM |
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"The bitcoin price goes down sometimes, but then goes back up later."
-Proudhon
can you confirm the source ?
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TooDumbForBitcoin
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February 27, 2014, 12:38:15 PM |
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Wouldn't it make more sense to repeat my post after it has hit $5500? It makes sense to quote a post before it's deleted. It also makes nonsense (in a good way) to expand a thread meme (quoting "wisdom" from "famous" investors), but I dishonor the effort by trying to explain it.
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TooDumbForBitcoin
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February 27, 2014, 12:42:53 PM |
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Your theory needs to use 1337 to be even cooler (00134. F7FY
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lovekfc
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February 27, 2014, 12:43:54 PM |
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$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.
next year
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Paashaas
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February 27, 2014, 01:37:07 PM |
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"$5500 this year is completely delusional. I hope really someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional."
-chesthing
After more than 900 posts and still not knowing how Bitcoin economics works...pffff. Troll more? Honestly I think the price of bitcoin could easily hit $5000 if any of the following occur: 1) A country in financial trouble adopts it 2) Merchants rapidly adopt it as a payment option 3) Becomes easily spendable in brick and motor stores (IE QR code scanning to pay for your shirt/beer/groceries etc) 4) There is collapse of a major currency 5) There is massive inflation or "quantitative easing" of a fiat currency IMO stating that bitcoins will never hit $5000.....is.....well, delusional This is more a decent respons that i agree with.
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TooDumbForBitcoin
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February 27, 2014, 01:42:12 PM |
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3) Becomes easily spendable in brick and motor stores There's an Indy 500 joke in there somewhere, but it'd be a lot of work.
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TooDumbForBitcoin
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February 27, 2014, 01:49:20 PM |
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Troll more? I checked this out on Wikipedia, and it said the Duke of Trollmore was a 12th century hunchback known for eating sheep during the full moon. Then I tried to find the Troll Moors on Google Earth, but it kept redirecting me to Google Middle Earth.
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sickpig
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February 27, 2014, 04:19:49 PM |
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"$5500 this year is completely delusional. I hope really someone ends up posting my response to prove me wrong, but thinking that will happen is, again, delusional."
-chesthing
Wouldn't it make more sense to repeat my post after it has hit $5500? yep, but maybe proudhon wan't to avoid the possibility of you deleting your own post. just a guess.
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Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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Bronstad
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February 27, 2014, 04:22:39 PM |
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wan't to avoid the possibility of you deleting your own post. just a guess.
"wa not" - sickpig
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sickpig
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February 27, 2014, 04:31:03 PM |
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wan't to avoid the possibility of you deleting your own post. just a guess.
"wa not" - Bronstad edit1: sure he would have sign the quote with one of his private key
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Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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chesthing
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February 27, 2014, 05:06:41 PM |
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$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.
To be fair people were saying 1200 was delusional. people probably thought $1 was delusional back when price was $0.01 The difference between .01 and $1 is less than a dollar. The difference between $600 and $5500 is $4,900. I hardly think these compare. I hope to hell I am wrong, because I will be holding btc. I'm just hoping it hits a grand again this year.
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Le Happy Merchant
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February 27, 2014, 05:29:42 PM |
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“Be fearful when others are greedy and greedy when others are fearful”
― Warren Buffett
"Cheesburger in paradise." -- Jimmy Buffett 'All you can eat" -Buffet
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skaffen
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February 28, 2014, 08:04:03 AM |
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To maintain that price, 25 * 6 * 24 * 5500 = $19,800,000 a day of new mined coins will need to be bought. Doesn't sound like a huge amount really.
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BTC: 1PwXSJnmnCMKTEw8JqtjdDVoRUhtMExiNP XPM: ANREvGk6CJYM5YWuW3eNankjGKS1ZYmAzP
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Elwar (OP)
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Viva Ut Vivas
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February 28, 2014, 09:10:59 AM |
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The exchanges are a small percentage of the Bitcoin economy. It is only there that the price is determined. Not the mined coins.
If you and I are the only people exchanging oranges for apples and all other apples and oranges are stored, if you give me 100 oranges for 1 apple...then that will be the price for all others.
People are quick to complain about the hoarding of coins, then bring up the "cost per day" required to pay for mined coins. The only thing to change the price is the amount of dollars and bitcoins going into the exchanges.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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seleme
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Duelbits.com
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February 28, 2014, 09:14:11 AM |
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When we start playing at that level, you can bet we'll play among some big players and at big stage. It would be about at time when big players would own big Bitcoin businesses and would have no problems to support the price to gain maximum dollars from their Bitcoin businesses.
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podyx
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February 28, 2014, 12:39:01 PM |
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$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.
To be fair people were saying 1200 was delusional. people probably thought $1 was delusional back when price was $0.01 The difference between .01 and $1 is less than a dollar. The difference between $600 and $5500 is $4,900. I hardly think these compare. I hope to hell I am wrong, because I will be holding btc. I'm just hoping it hits a grand again this year. $0.01 and $1 is the same thing as $1k and $100k they are just numbers
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Ekaros
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February 28, 2014, 12:48:30 PM |
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$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.
To be fair people were saying 1200 was delusional. people probably thought $1 was delusional back when price was $0.01 The difference between .01 and $1 is less than a dollar. The difference between $600 and $5500 is $4,900. I hardly think these compare. I hope to hell I am wrong, because I will be holding btc. I'm just hoping it hits a grand again this year. Just think of equal amount of fiat... 0.01 to 1 is at 21M $ at max... Where as 4900$ change is 55,8 billion dollars for 12,4 million coins... That is slight difference...
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Elwar (OP)
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Viva Ut Vivas
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March 03, 2014, 11:07:48 AM |
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What do you think the catalyst will be for this jump? Ukraine? UK adoption? End of MtGox? A new technology using the blockchain (hint: see my sig)?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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