Why do people still think we can make it past 1000 anytime soon?

[seleme]

Buffet once said - trading is process of redistributing wealth from least patient to most patient 

He also said Bitcoin is a "mirage" and a "joke" and that we should all "Stay away" from it 

He was saying shit that day 

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[Predatorian]

I believe btc gonna grow up in price in future, even more than 1k$, we only need some good information also people should to recognise more btc.

[Cyberlight]

Why people still think we can make it past 1000 anytime soon?

Wall street.

[Torque]

Why people still think we can make it past 1000 anytime soon?

1.  Because the sentiment was EXACTLY the same after every past bitcoin bubble.  Case in point:

May-Oct 2013:  "Why people still think we can make it past 266 any time soon?"
Jul '11-Jan '13:  "Why people still think we can make it past 30 any time soon?"

2.  Because 'exponential growth of user base'.  Deal with it.

3.  Because the rise of newbie troll accounts that get created every time post-bubble, coming in and trolling with negative press links, spreading FUD, and trying to get people to sell.  Incidentally(if you are not into stocks) this type of activity happens on EVERY stock message forum as well, especially with pennie stocks.  It is all a psychology game.  The newbie bear trolls are the SHARK TRADERS, wanting cheaper coins.  Don't you guys get that?  Or are you just that gullible??  When you see this type of troll/bear activity heat up, you need to BUY not SELL.  Because the sharks know that the bear market won't last forever.

[Zapffe]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

[Bit_Happy]

Why people still think we can make it past 1000 anytime soon?

1.  Because the sentiment was EXACTLY the same after every past bitcoin bubble.  Case in point:

May-Oct 2013:  "Why people still think we can make it past 266 any time soon?"
Jul '11-Jan '13:  "Why people still think we can make it past 30 any time soon?"

2.  Because 'exponential growth of user base'.  Deal with it.

3.  Because the rise of newbie troll accounts that get created every time post-bubble, coming in and trolling with negative press links, spreading FUD, and trying to get people to sell.  Incidentally(if you are not into stocks) this type of activity happens on EVERY stock message forum as well, especially with pennie stocks.  It is all a psychology game.  The newbie bear trolls are the SHARK TRADERS, wanting cheaper coins.  Don't you guys get that?  Or are you just that gullible??  When you see this type of troll/bear activity heat up, you need to BUY not SELL.  Because the sharks know that the bear market won't last forever.

A few "newbie troll accounts" are real people who are scared and/or lost a lot buying high or they had money at Gox.
Many are fake, some are obviously fake.

[windjc]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I think this post is incorrect on many levels and in many ways. It's full of all kinds of wrong

[Zapffe]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I think this post is incorrect on many levels and in many ways. It's full of all kinds of wrong

I think that you probably felt physical pain when you imagined this scenario.
It's alright *in an comforting voice*. Bitcoin will succeed with ETF, and the entire world will start to invest in bitcoin. You'll be rich beyond dreams, and all while having no education or even having to do any work. Everyone will buy bitcoins because they are just so stupid, that they like to make your coins more expensive for the sheer fun of it. People just will be this dumb, that they can't figure out that they can actually start using alternatives, that doesn't include filling your pockets. It's alright, boy.. it's alright.. there's no pain anymore..

[ErisDiscordia]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I was going to provide a well-meant rebuttal, but the bolded part of your post has disqualified your post from serious consideration.

[Bit_Happy]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I was going to provide a well-meant rebuttal, but the bolded part of your post has disqualified your post from serious consideration.

Can Zapffe tell us why he is even posting here?
So we can be reminded we are bitcoin cultists?
Why Zapffe, what motivates you to login and post?

[Zapffe]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I was going to provide a well-meant rebuttal, but the bolded part of your post has disqualified your post from serious consideration.

Yes! Especially because you can easily account the ownership all the existing Bitcoins (12,530,375 and counting). That is the reason why you can be absolutely sure, that 1mil.+ bitcoins aren't owned by a single successful drug dealer from Silk Roads. Especially because you know how most of the drugs were sold by many different individuals, without a single entity using different users accounts. And also, knowing that Dread Pirate Roberts made at least 174,000 BTC with commission, then it couldn't be that someone made even more with sales. And anyway, it isn't possible that the 174k coins were only those that were found by FBI, because it's especially hard to hide your private keys.
How the hell could someone take this into serious consideration. Maybe if someone is not an bitcoin cultist and has the ability to think? Could be.. could be... who knows... who knows..

[Zapffe]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I was going to provide a well-meant rebuttal, but the bolded part of your post has disqualified your post from serious consideration.

Can Zapffe tell us why he is even posting here?
So we can be reminded we are bitcoin cultists?
Why Zapffe, what motivates you to login and post?

Because the religious jackasses are slowing down the evolution of both technology and finance.

[Bit_Happy]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I was going to provide a well-meant rebuttal, but the bolded part of your post has disqualified your post from serious consideration.

Can Zapffe tell us why he is even posting here?
So we can be reminded we are bitcoin cultists?
Why Zapffe, what motivates you to login and post?

Because the religious jackasses are slowing down the evolution of both technology and finance.

I was going to provide a well-formed reply, but the bolded part of your post has disqualified your quote from any consideration.   

[Zapffe]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I was going to provide a well-meant rebuttal, but the bolded part of your post has disqualified your post from serious consideration.

Can Zapffe tell us why he is even posting here?
So we can be reminded we are bitcoin cultists?
Why Zapffe, what motivates you to login and post?

Because the religious jackasses are slowing down the evolution of both technology and finance.

I was going to provide a well-formed reply, but the bolded part of your post has disqualified your quote from any consideration.   

I probably missed something, that was both intelligent and original at the same time.

[bitleif]

If we follow the current pattern, expect the next jump up to be in September, to about 3-5K.

[Cyberlight]

because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

Can you prove that?

blockchain adresses.. otherwise fud.

If anyone has one million BTC, why would they dump anyway?  That makes no sense at all, they make pennies in that case

Instead of hundreds of millions.

[SilverandBitcoins]

Blockchain.info not helping.

?  What is up with Blockchain.info?  I don't understand?

[windjc]

Why people still think we can make it past 1000 anytime soon?

Wall street.

I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

I think this post is incorrect on many levels and in many ways. It's full of all kinds of wrong

I think that you probably felt physical pain when you imagined this scenario.
It's alright *in an comforting voice*. Bitcoin will succeed with ETF, and the entire world will start to invest in bitcoin. You'll be rich beyond dreams, and all while having no education or even having to do any work. Everyone will buy bitcoins because they are just so stupid, that they like to make your coins more expensive for the sheer fun of it. People just will be this dumb, that they can't figure out that they can actually start using alternatives, that doesn't include filling your pockets. It's alright, boy.. it's alright.. there's no pain anymore..

Boy, you come in here with a gun loaded with weak sauce. 

You can do better.  ETFs, Wall Street, 1 million bitcoins. Lol. Funny stuff.

[Zapffe]

because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange.

Can you prove that?

blockchain adresses.. otherwise fud.

If anyone has one million BTC, why would they dump anyway?  That makes no sense at all, they make pennies in that case

Instead of hundreds of millions.

And you didn't understand that the whole point was, that you can't prove who are the owners of the coins in existence. The owners could be vampires, they could be aliens or they could even be squirrels with high levels of intelligence, caused by mutation from nuclear waste.
The point here is, that most of the bitcoin owners are not known. And when considering bitcoins history, then there is a strong probability, that the biggest holders could actually be criminals, who earned BTC by their criminal activity.
Taking this probability into account, is a justified risk assessment that will be made by anyone who is any good with investments.

Not all people see that bitcoin as the god's cure for finance and how it will last for tens or hundreds of years. Some people see bitcoin as an temporal phenomenon, and could just be waiting for the right time, when they see that there is no more potential for growth, and then they strike to take it all.

When you're emotionally attached to bitcoin, then you don't see these risks. But when you care about wealth in general, and have basic knowledge about dealing with wealth, then you will surely care about these risks.

[Cyberlight]

And you didn't understand that the whole point was, that you can't prove who are the owners of the coins in existence. The owners could be vampires, they could be aliens or they could even be squirrels with high levels of intelligence, caused by mutation from nuclear waste.
The point here is, that most of the bitcoin owners are not known.

Are all gold owners known, documentation?