Who else thinks Bitcoin is going to $1000 by Jan 1?

[tvbcof]

I'll preemptively brag about admit to current highly leveraged short loss.

You're a bigger man then most then and win/lose/draw, you have some respect from me for it.  If you are not planning to pop up with a yarn about how you were also cleverly hedged and made a bundle should some other scenario transpire that is.

In kind, I'll admit to having just made another relatively small purchase at market (on Tradehill.)  This mainly because I am shooting for another round number for deep storage, and I'll be gone most of the day.  The ask-face is huge there, and I should be able to pick up coins for this price for some time, but I fear that a large percentage of the asks are controlled by one person who may move things.  Also, I was playing the drop-outs on Tradehill over the last week and made a little bit.

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[netrin]

If you are not planning to pop up with a yarn about how you were also cleverly hedged and made a bundle should some other scenario transpire that is.

I respect your respect. I've also posted all of my trade plans on this forum based on Elliott waves well in advance for the past two months. You're free to read them. I'm doing quite well on the whole despite this nervous little up tick. I'm off to walk the dog and hope to still have a shirt when I get back.

[Technomage]

It doesnt fucking have to be worth $1USD to be accepted!, It just needs to stabilise!

Indeed, $1 makes no sense and the price will never be stable at $1. In fact the price will not be "stable" at all until the market and the economy are a lot bigger. But what we do need is bottom stabilization, meaning that the price drop needs to stop.

Right now it certainly looks like $2 is the place it stops, we've had a bounce from $2 three times already and the first one was way back, in Bitcoin time. No one can no for sure but what we do know is that $2 is the strongest support price Bitcoin has ever had (at least after the peak).

I personally hope $2 remains as the bottom because it's about time we establish one. A bottom is something Bitcoin needs desperately.

[netrin]

I hate all these people who want the bitcoin value to drop, FOR FUCK SAKES, $1 IS JUSTA REFERANCE POINT.
THE VALUE OF ONE BITCOIN IS NOT THE SAME AS ONE DOLLAR, AND SHALL NEVER be the same.

The only damn reason i can see asto why people want value to drop is this:
1.To buy and resell
2.So that coins get "adopted" as a type of money.

It doesnt fucking have to be worth $1USD to be accepted!, It just needs to stabilise!

That's a whole lot of presumption there. Fuck you too. You can just ask, if you'd like your tangle of views unwound.

[Fiyasko]

I hate all these people who want the bitcoin value to drop, FOR FUCK SAKES, $1 IS JUSTA REFERANCE POINT.
THE VALUE OF ONE BITCOIN IS NOT THE SAME AS ONE DOLLAR, AND SHALL NEVER be the same.

The only damn reason i can see asto why people want value to drop is this:
1.To buy and resell
2.So that coins get "adopted" as a type of money.

It doesnt fucking have to be worth $1USD to be accepted!, It just needs to stabilise!

That's a whole lot of presumption there. Fuck you too. You can just ask, if you'd like your tangle of views unwound.

Am i the only one that was understanding what he was saying to me all the way until "unwound"

[netrin]

Am i the only one that was understanding what he was saying to me all the way until "unwound"

Was the reference too esoteric? You expressed conclusions based on unsound conclusions based on views (perhaps your own fears and concerns) based on further presumptuous views.

I do not want bitcoin to drop. I have not alluded to bitcoin parity. It's a pity that you hate people with different desires. It's a greater pity if you hate them because you incorrectly believe their desires conflict with your own. If you want bitcoin prices to go up, should you then hate anyone who does not buy? Anyway, your liberal use of absolutes such as 'all', 'only', 'never', 'need', and enumeration should be a warning to check yourself, as whatever you are saying, you are probably incorrect.

So, if you would like your tangle of views unwound, just ask and I will do my best to enlighten you.

[Jonathan Ryan Owens]

I disagree that Bitcoin can't be stable at $1.

Bitcoin can be stable at $1 when market makers come in and put up 500k in non staggered ask at 1.04 and 500k in non staggered bid at 0.96. Everyone else can trade in that window.

[d.james]

why stop at $1000???

[proudhon]

Here, if the MtGox price of bitcoin goes to $1000 by January 1st, 2012 I'll give Mr Owens a bitcoin for making such an outlandishly absurd claim and being right about it.

[paraipan]

http://www.youtube.com/watch?v=EEv3Xk-mCXU

epic...

[netrin]

Here, if the MtGox price of bitcoin goes to $1000 by January 1st, 2012 I'll give Mr Owens a bitcoin for making such an outlandishly absurd claim and being right about it.

Will you buy and hold a coin just in case?

[proudhon]

Here, if the MtGox price of bitcoin goes to $1000 by January 1st, 2012 I'll give Mr Owens a bitcoin for making such an outlandishly absurd claim and being right about it.

Will you buy and hold a coin just in case?

Just did.

[Fiyasko]

I hate how i posted here, Now it keeps popping up in New Relpies,
Anyone know how to turn that crap off?

On topic, I think the price of a btc is going to stay at around 2.2, So that the miners mining them pay for they're own power, And have heating

[BTCurious]

I hate how i posted here, Now it keeps popping up in New Relpies,
Anyone know how to turn that crap off?

You can't. The only way I found effective is killing the thread.

[tvbcof]

If you are not planning to pop up with a yarn about how you were also cleverly hedged and made a bundle should some other scenario transpire that is.

I respect your respect. I've also posted all of my trade plans on this forum based on Elliott waves well in advance for the past two months. You're free to read them. I'm doing quite well on the whole despite this nervous little up tick. I'm off to walk the dog and hope to still have a shirt when I get back.

I think that that is true, Netrin, (your openness in posting) and in fact is a big factor in my continuing to hold hope for another dip.  In spite of being pretty dubious about Elliot wave stuff I've been holding funds earmarked for the $1.xx possibility.  About 1/3 of them was what I dumped this morning before heading out for Thanksgiving dinner.

I had had a buy in for 15 or 20 cents below market to catch another dip, but they had not happened for a long time.  Just minutes after I pulled it and made a purchase at market, there's another dip.  Oh well.  It's not like it's a great deal of money or anything...just the principle I guess.

[netrin]

To be honest, I suspect Elliott waves are a bit dubious as well and joke about numerology and my astrology charts. I post my charts to keep myself honest and to learn from others. But I really enjoy reading dismissive posts by people with no strategy at all, who share new theories about direction dreamed up on the spot at every arbitrary change of price. I can only imagine they are losing their fortunes. Whether luck, forced patience, or substance, Elliott waves have made me a much more successful trader. I've nailed some pretty accurate highs and lows which continue to amaze me. I'm still at a potential loss since yesterday, and I must say it's nerve racking to stick to the plan, continue selling as prices boldly rise or to choose a bottom and buy after prices have fallen off a cliff. But to do otherwise is to submit to Mara, the temptations of emotion, the sure strategy of loss.

[kjlimo]

Ok, fess up, who's doing the buying right now?

This guy.  I'll by at anything less than $2.

[Cluster2k]

But to do otherwise is to submit to Mara, the temptations of emotion, the sure strategy of loss.

I prefer to get my trading tips from Cassandra.  Problem is, I never believe her.

[netrin]

Cassandra sums up all analysis. Well, except for the clear foresight (or hearing in her case).

[nomoreheroes7]

I'm pretty sure the bearish sentiment is just too damn heavy for us to reach $1,000 again by Jan 1st...

Also, lol.