Bubble incoming! $3800 - $4000 expected

[AuroraHF]

A $3800 bubble is way too huge. I'll eat a shoe on stream if this happens.

Quoted for reference. Going to pick the worst smelling shoe for you now

I'm ready to do this. With Bitcoins costing $3800 per coin, I'm sure I'll be rich enough to spend a few hundred dollars to get my stomach pumped after what happens. But perhaps we need to set a deadline for this to happen.

Okay, then choose a deadline. I got nothing to lose here, so you set the terms. I will even pay for some ketchup to accompany the shoe. And maybe we resort to not using a knee-long gothic plateau shoe because we don't want to kill you

Haha, I'll have to find some shoe that is organic and won't kill me. I'll set the deadline by August 17th 2014.

[alani123]

A $3800 bubble is way too huge. I'll eat a shoe on stream if this happens.

Quoted for reference. Going to pick the worst smelling shoe for you now

I'm ready to do this. With Bitcoins costing $3800 per coin, I'm sure I'll be rich enough to spend a few hundred dollars to get my stomach pumped after what happens. But perhaps we need to set a deadline for this to happen.

Okay, then choose a deadline. I got nothing to lose here, so you set the terms. I will even pay for some ketchup to accompany the shoe. And maybe we resort to not using a knee-long gothic plateau shoe because we don't want to kill you

Great, let's create a bet in http://bitbet.us/ (or a similar website) to seal the deal. You guys can't keep the fun just for yourselves.

[AuroraHF]

A $3800 bubble is way too huge. I'll eat a shoe on stream if this happens.

Quoted for reference. Going to pick the worst smelling shoe for you now

I'm ready to do this. With Bitcoins costing $3800 per coin, I'm sure I'll be rich enough to spend a few hundred dollars to get my stomach pumped after what happens. But perhaps we need to set a deadline for this to happen.

Okay, then choose a deadline. I got nothing to lose here, so you set the terms. I will even pay for some ketchup to accompany the shoe. And maybe we resort to not using a knee-long gothic plateau shoe because we don't want to kill you

Great, let's create a bet in http://bitbet.us/ (or a similar website) to seal the deal. You guys can't keep the fun just for yourselves.

Hey, I'm not going to bet money on this. I'm just going to bet whether or not am I going to eat a shoe!

[alani123]

Hey, I'm not going to bet money on this. I'm just going to bet whether or not am I going to eat a shoe!

And we'll bet on wheather you'll eat it or not.

[Hyena]

Any of you TA specialists competent enough to pull some TA magic using Markov Chains? I think what bores people is the obvious TA and drawing straight lines on charts, let it either be bullish or bearish. Moon cycles is actually a pretty interesting concept, so I'd suggest using female menstrual cycles next. I have heard they synchronize for a group of women living in the same area.

Having some bears in the equation is a good sign for me. I expect the next rally this Summer because it would match perfectly with my personal situation at this moment in life. I also expect a black swan event just for the irony of it, something like a massive surge in price but no major correction (crash). Everyone is so tied up with the idea of the price crashing immediately after a parabolic rise that such an event would teach them a good lesson -- something life is good at.

[bizzel]

Any of you TA specialists competent enough to pull some TA magic using Markov Chains? I think what bores people is the obvious TA and drawing straight lines on charts, let it either be bullish or bearish. Moon cycles is actually a pretty interesting concept, so I'd suggest using female menstrual cycles next. I have heard they synchronize for a group of women living in the same area.

Having some bears in the equation is a good sign for me. I expect the next rally this Summer because it would match perfectly with my personal situation at this moment in life. I also expect a black swan event just for the irony of it, something like a massive surge in price but no major correction (crash). Everyone is so tied up with the idea of the price crashing immediately after a parabolic rise that such an event would teach them a good lesson -- something life is good at.

Finally some predictions based on sense and logic. I'd be very surprised if it played out in any different way..

[alex0909]

Any of you TA specialists competent enough to pull some TA magic using Markov Chains? I think what bores people is the obvious TA and drawing straight lines on charts, let it either be bullish or bearish. Moon cycles is actually a pretty interesting concept, so I'd suggest using female menstrual cycles next. I have heard they synchronize for a group of women living in the same area.

Having some bears in the equation is a good sign for me. I expect the next rally this Summer because it would match perfectly with my personal situation at this moment in life. I also expect a black swan event just for the irony of it, something like a massive surge in price but no major correction (crash). Everyone is so tied up with the idea of the price crashing immediately after a parabolic rise that such an event would teach them a good lesson -- something life is good at.

Finally some predictions based on sense and logic. I'd be very surprised if it played out in any different way..

Yeah, i've always been thinking that one day, the bubble won't pop. It's just going to be more and more adoption, and people selling will deeply regret.
This may never happen, but i feel it is closer than we think, wall-street might bring this.

[TERA]

I have a corollary event to this but I would be called a permabear.

[someotherguyv2]

I have a corollary event to this but I would be called a permabear.

Please post, the perma-realist's always have open ears and minds to your comments

[TERA]

I have a corollary event to this but I would be called a permabear.

Please post, the perma-realist's always have open ears and minds to your comments

Corollary to a rally that never retraces would be a crash that never bounces or recovers. I'm not predicting that this will happen but it is probably equally as likely as the former. It would teach everyone a 'good lesson' about risk management like I learned the hard way in penny stocks.

[Hyena]

I have a corollary event to this but I would be called a permabear.

Please post, the perma-realist's always have open ears and minds to your comments

Corollary to a rally that never retraces would be a crash that never bounces or recovers. I'm not predicting that this will happen but it is probably equally as likely as the former.

True. If the price reaches the vertical rise stage of the S-curve, it can very well grow into a bubble, reaching its global ATH that it is never going to be touched again after the bubble has burst. However, it should be easy to recognize the vertical rise stage and assume that it is a one time event in the history of Bitcoin. Knowing that, everyone should be prepared for the upcoming giant bubble. The vertical rise stage probably dwarfs all the previous rallies. So, instead of a single order of magnitude growth we will see several of these occurring within the same rally.

[bizzel]

I have a corollary event to this but I would be called a permabear.

Please post, the perma-realist's always have open ears and minds to your comments

Corollary to a rally that never retraces would be a crash that never bounces or recovers. I'm not predicting that this will happen but it is probably equally as likely as the former. It would teach everyone a 'good lesson' about risk management like I learned the hard way in penny stocks.

I've been aware of that since I started dabbling in bitcoin. It's a risk I've accepted, it is a scenario that can happen. ATM, I don't find this scenario very likely though, as I see growing adoption and acceptation of btc. Right I see little reason for such a crash to happen, and more reasons for the opposite to happen.

[TERA]

I have a corollary event to this but I would be called a permabear.

Please post, the perma-realist's always have open ears and minds to your comments

Corollary to a rally that never retraces would be a crash that never bounces or recovers. I'm not predicting that this will happen but it is probably equally as likely as the former.

True. If the price reaches the vertical rise stage of the S-curve, it can very well grow into a bubble, reaching its global ATH that it is never going to be touched again after the bubble has burst. However, it should be easy to recognize the vertical rise stage and assume that it is a one time event in the history of Bitcoin. Knowing that, everyone should be prepared for the upcoming giant bubble. The vertical rise stage probably dwarfs all the previous rallies. So, instead of a single order of magnitude growth we will see several of these occurring within the same rally.

[Buo]

I have a corollary event to this but I would be called a permabear.

Please post, the perma-realist's always have open ears and minds to your comments

Corollary to a rally that never retraces would be a crash that never bounces or recovers. I'm not predicting that this will happen but it is probably equally as likely as the former.

True. If the price reaches the vertical rise stage of the S-curve, it can very well grow into a bubble, reaching its global ATH that it is never going to be touched again after the bubble has burst. However, it should be easy to recognize the vertical rise stage and assume that it is a one time event in the history of Bitcoin. Knowing that, everyone should be prepared for the upcoming giant bubble. The vertical rise stage probably dwarfs all the previous rallies. So, instead of a single order of magnitude growth we will see several of these occurring within the same rally.

I hope this S-curve is a real thing and not only a theory... 

[cbeast]

I have a corollary event to this but I would be called a permabear.

Please post, the perma-realist's always have open ears and minds to your comments

Corollary to a rally that never retraces would be a crash that never bounces or recovers. I'm not predicting that this will happen but it is probably equally as likely as the former.

True. If the price reaches the vertical rise stage of the S-curve, it can very well grow into a bubble, reaching its global ATH that it is never going to be touched again after the bubble has burst. However, it should be easy to recognize the vertical rise stage and assume that it is a one time event in the history of Bitcoin. Knowing that, everyone should be prepared for the upcoming giant bubble. The vertical rise stage probably dwarfs all the previous rallies. So, instead of a single order of magnitude growth we will see several of these occurring within the same rally.

I hope this S-curve is a real thing and not only a theory... 

It will most definitely apply to cryptocurrency and very likely to Bitcoin.

[TERA]

The latest projections from Hyena have greatly outclassed even BitcoinNutJob's earlier projections. Now Hyena is the bull and BitcoinNutJob is the bear, and of course everyone else is a permabear.

[rjp55]

Another thread for Tera to buzzkill! Keep em coming boys he has all day...

[segeln]

I hope this S-curve is a real thing and not only a theory... 

it is  scientific
applied and proved on bacteria growth.population growth ect.

[someotherguyv2]

I have a corollary event to this but I would be called a permabear.

Please post, the perma-realist's always have open ears and minds to your comments

Corollary to a rally that never retraces would be a crash that never bounces or recovers. I'm not predicting that this will happen but it is probably equally as likely as the former.

True. If the price reaches the vertical rise stage of the S-curve, it can very well grow into a bubble, reaching its global ATH that it is never going to be touched again after the bubble has burst. However, it should be easy to recognize the vertical rise stage and assume that it is a one time event in the history of Bitcoin. Knowing that, everyone should be prepared for the upcoming giant bubble. The vertical rise stage probably dwarfs all the previous rallies. So, instead of a single order of magnitude growth we will see several of these occurring within the same rally.

But I thought bitcoin was not simply a vehicle for increasing our fiat holdings rather a new global asset where our savings can safely be stored in a decentralised liquid medium of exchange that theoretically should still increase in value against fiat/production over time even with full adoption, similar to how gold did in the past centuries. 

I guess I was wrong, I will now consider hodling until I can guess when the S-curve plays out and then sell

[fonzie]

It is written in stone, there is no other possibility. Bitcoin will DEFINITELY be worth 1000000000$ The question is only q3 2014 or q4 2014, THAT is the big question!