boumalo
Legendary
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Activity: 1918
Merit: 1018
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March 23, 2014, 02:29:53 PM |
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$800!
There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).
I don't think that a blockchain error that would last one week or a sigle exchange that run with the custommer's money would take the price to 300$; how much did the price fell when blockchain was down for 48h? 8%? And the biggest bitcoin exchange shuted down without reimbursing anyone didn't move the price that low Someone working the minimum wage in the states can save up to 1BTC/month; let's see how much he will be able to save in 5years..
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segeln
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March 23, 2014, 02:43:37 PM |
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$800!
There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).
+1
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EvilPanda
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March 23, 2014, 03:04:03 PM |
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$800!
There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).
I don't think that a blockchain error that would last one week or a sigle exchange that run with the custommer's money would take the price to 300$; how much did the price fell when blockchain was down for 48h? 8%? And the biggest bitcoin exchange shuted down without reimbursing anyone didn't move the price that low Someone working the minimum wage in the states can save up to 1BTC/month; let's see how much he will be able to save in 5years.. Yup, but the Gox shutdown moved price by ~$200, even though people knew Gox smelled fishy for months. Imagine this happening now with e.g. BTC-e, while the price is ~$600. And the blockchain bug was quickly repaired, I'm talking about something big like a virus within the block chain taking it down for a few weeks.
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zimmah
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Activity: 1106
Merit: 1005
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March 23, 2014, 05:48:04 PM |
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I want to get cheap coins first so.... 300 what you want to happen is not the same as what you think will happen
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boumalo
Legendary
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Activity: 1918
Merit: 1018
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March 23, 2014, 06:11:28 PM |
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$800!
There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).
I don't think that a blockchain error that would last one week or a sigle exchange that run with the custommer's money would take the price to 300$; how much did the price fell when blockchain was down for 48h? 8%? And the biggest bitcoin exchange shuted down without reimbursing anyone didn't move the price that low Someone working the minimum wage in the states can save up to 1BTC/month; let's see how much he will be able to save in 5years.. Yup, but the Gox shutdown moved price by ~$200, even though people knew Gox smelled fishy for months. Imagine this happening now with e.g. BTC-e, while the price is ~$600. And the blockchain bug was quickly repaired, I'm talking about something big like a virus within the block chain taking it down for a few weeks. If the problem is a problem with blockchain.info it is very different than if it is a problem with Bitcoin 200$ was 25% or so from 800$ but the price droped from higher may have been caused by mtgox as well 25% now is a 150$ drop from 600$ Exchanges not being trustworthy is priced in so you would think it would less than a 25% drop if btc-e went south
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counter
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March 24, 2014, 10:17:53 PM |
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good question I say. I"m thinking 800 but I don't know what to expect these days things are getting crazy. but people don't seem to panic as much as they used to but that could also change... we shall see soon enough
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Mayuyu48
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March 25, 2014, 06:03:01 AM |
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i think we'll see $800 in near future, maybe in july/august
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maurya78
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March 25, 2014, 06:19:26 AM |
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$800 likelier
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avanda1121
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March 25, 2014, 05:04:37 PM |
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Vote for 800
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Bit_Happy
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Activity: 2114
Merit: 1040
A Great Time to Start Something!
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March 25, 2014, 06:38:36 PM |
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Short-term neither. Longer-term probably $800, since there are too many positives to go under $400.
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Dangolbery
Newbie
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Activity: 49
Merit: 0
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March 26, 2014, 12:15:12 AM |
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Pfft $300 will never happen.
The bottom is $570, despair bottom is no lower than $380 (short lived price). Buy anywhere below $570 to be in the money. Set some buys at $400ish if you want to try and hit the bottom.
No i'm not going to tell you how i came up with these numbers but it's science.
Deal with it bears.
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Bit_Happy
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Activity: 2114
Merit: 1040
A Great Time to Start Something!
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March 26, 2014, 12:19:47 AM |
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Pfft $300 will never happen.
The bottom is $570, despair bottom is no lower than $380 (short lived price). Buy anywhere below $570 to be in the money. Set some buys at $400ish if you want to try and hit the bottom.
No i'm not going to tell you how i came up with these numbers but it's science.
Deal with it bears.
How can the the bottom be $570 when we were below $570 just a day or so ago?
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Dangolbery
Newbie
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Activity: 49
Merit: 0
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March 26, 2014, 12:23:17 AM |
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Pfft $300 will never happen.
The bottom is $570, despair bottom is no lower than $380 (short lived price). Buy anywhere below $570 to be in the money. Set some buys at $400ish if you want to try and hit the bottom.
No i'm not going to tell you how i came up with these numbers but it's science.
Deal with it bears.
How can the the bottom be $570 when we were below $570 just a day or so ago? FUD, despair, gox. All temporary. Hence the despair bottom price.
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bgmc
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March 27, 2014, 01:46:39 AM |
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$300 is too low, but it may hit close to $400. There are a lot of buy orders around $400, so I doubt it'll break below this level. If it does ... well that sucks.
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Bit_Happy
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Activity: 2114
Merit: 1040
A Great Time to Start Something!
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March 27, 2014, 01:50:07 AM |
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$800!
There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).
There is a very real chance for $300, but probably under 10% ~90% chance we see $800 next.
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BitEscrow
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March 27, 2014, 01:53:33 AM |
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If you listen to the bullshit coming from this site you could assume that bitcoin is going to 1,000,000 a coin. I hope it goes to 1c to show you how your own ignorance CAN kill something good.
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dropt
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Activity: 1512
Merit: 1000
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March 27, 2014, 03:12:58 PM |
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If you listen to the bullshit coming from this site you could assume that bitcoin is going to 1,000,000 a coin. I hope it goes to 1c to show you how your own ignorance CAN kill something good.
How exactly do you correlate ignorance and BTC being $0.01?
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Torque
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March 27, 2014, 03:18:14 PM |
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If you listen to the bullshit coming from this site you could assume that bitcoin is going to 1,000,000 a coin. I hope it goes to 1c to show you how your own ignorance CAN kill something good.
Without optimism, there would not be more adopters of bitcoin, but less. And without more adopters of bitcoin, the price would not rise. Would you rather pessimism and negativity be the pervasive attitude of bitcoiners?
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CryptoClassroom
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March 27, 2014, 03:30:26 PM |
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The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.
However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.
My vote goes for $800.
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boumalo
Legendary
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Activity: 1918
Merit: 1018
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March 27, 2014, 05:42:32 PM |
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The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.
However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.
My vote goes for $800.
Long term the price will rise and there is a lot of support each time we go down a tiny bit A huge problem in the protocol or something similar is always possible but it is probably priced in and unlikely
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