spazzdla
Legendary
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Activity: 1722
Merit: 1000
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June 20, 2014, 08:23:09 PM |
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With a 7 billion market cap..
It has to bubble or collapse.. There just is no middle ground.
Kevin O'leary alone could buy the entire BTC supply... (not really as the price would utterly skyrocket as he did..and it will when ppl like him get srs on BTC)
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bitcoinsrus
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June 20, 2014, 08:47:43 PM |
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With a 7 billion market cap..
It has to bubble or collapse.. There just is no middle ground.
Kevin O'leary alone could buy the entire BTC supply... (not really as the price would utterly skyrocket as he did..and it will when ppl like him get srs on BTC)
I had a question about this. If some one started buying in large amounts, wouldn't it just keep going up meaning they couldnt just buy it all up? And I know everyone keeps saying 7-8 bn isnt that much. Sounds like a lot to me. USD is 18 tn but that is used by many countries. so when you guys says 7 bn isnt that much, you mean as a currency correct? apple is like 555 bn etc
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BTCtrader71
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June 20, 2014, 09:49:54 PM |
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there is no hope and the price will drop harder, $500 is coming and $4xx and $3xx won't be long, the bitcoin bubble bursted, huge dump will happen soon! they look similar? Fear + Capitulation + Despair are coming!!! That looks familiar ......
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BTC: 14oTcy1DNEXbcYjzPBpRWV11ZafWxNP8EU
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maker88
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June 20, 2014, 11:32:54 PM |
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there is no hope and the price will drop harder, $500 is coming and $4xx and $3xx won't be long, the bitcoin bubble bursted, huge dump will happen soon! they look similar? Fear + Capitulation + Despair are coming!!! That looks familiar ...... well played sir
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BTCtrader71
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June 21, 2014, 01:58:01 AM |
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there is no hope and the price will drop harder, $500 is coming and $4xx and $3xx won't be long, the bitcoin bubble bursted, huge dump will happen soon! they look similar? Fear + Capitulation + Despair are coming!!! That looks familiar ...... well played sir Thank you thank you
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BTC: 14oTcy1DNEXbcYjzPBpRWV11ZafWxNP8EU
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Bernard Lerring
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June 21, 2014, 09:19:00 AM |
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If it's gonna take another year or two that's good enough for me. I've been getting impatient for pay days, so I can buy another coin before all this mad speculation that it's going to soar.
If the price stays stable for a year it means I can buy steadily once a month and slowly accumulate coins at a price I can afford and relax without the dreaded feeling that I'm gonna miss out.
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Malin Keshar
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June 21, 2014, 12:54:50 PM |
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I agree there is no bubble and we'll see price stabilization for some time, but I think it will be weeks, not months. Th market is not a consolidated one, and there are good and bad latent news that may spike or rise the price at least for a while. I think after the FBI sell off we'll see consolidation at the 650's, maybe with temporary up-700 rises. there is no hope and the price will drop harder, $500 is coming and $4xx and $3xx won't be long, the bitcoin bubble bursted, huge dump will happen soon! they look similar? Fear + Capitulation + Despair are coming!!! Its more like we are in back to the mean stage, but with an exponential mean, instead of a linear mean
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JimboToronto
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Activity: 4200
Merit: 4913
You're never too old to think young.
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June 22, 2014, 12:49:54 AM |
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Do I have to post this again? The bubbles just keep getting bigger, at least until adoption goes vertical.
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smoothie
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Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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June 22, 2014, 12:53:17 AM |
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And we will be floating around 500-600 for more then 4 months?
This is like a translation: "I came to the bitcoin community for bubbles."
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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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cAPSLOCK
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Activity: 3836
Merit: 5299
Note the unconventional cAPITALIZATION!
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June 22, 2014, 12:59:04 AM |
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"bubbles" aren't supposed to be predictable. The moment this "bubble watch" started and became ritualistic was a red flag.
I think it's sad that Bitcoin has fostered a community of people who actually seem to think market bubbles are a good thing. Also, OP, the word "than" is spelled with an A. Every time.
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alexeft
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Activity: 854
Merit: 1000
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June 22, 2014, 07:39:51 PM |
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Do I have to post this again? The bubbles just keep getting bigger, at least until adoption goes vertical. I LOVE this chart!!!!
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Kupsi
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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June 22, 2014, 08:25:15 PM |
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zimmah
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Activity: 1106
Merit: 1005
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June 22, 2014, 10:04:31 PM |
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"bubbles" aren't supposed to be predictable. The moment this "bubble watch" started and became ritualistic was a red flag.
nonetheless 'bubbles' will happen. I can't beleive we are at full adoption or even anywhere close to full adoption. There's about 3.5 million non-dust and non-zero addresses in use. I assume on average bitcoin users have more than 3 addresses, probably even more than 10. But even if we assume every person has only 1 address that would mean at most 3.5 million people own some bitcoin. This means we still have room to grow, and growth of userbase is exponential in nature. By extension than price increases will be exponential as well. So, if growth is not exponential something is very wrong. This doesn't mean a couple of months of stagnation can't happen, it just means at some point it has to correct upwards to make up for the stagnation.
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elebit
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June 22, 2014, 10:23:06 PM |
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The "return to mean" can be pretty good when the "mean" is rather steep. Just sayin'...
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BittBurger
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June 22, 2014, 11:01:30 PM |
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Here's a fact nobody predicting a new spike, seems to be grasping: The only reason we had a spike at all ... in the first place ... was because of an anomaly. China adoption. And I guarantee you some other shady shit was going on that week as well. It wasn't just a million chinese people blowing their life savings on Bitcoins. maybe it was the BOTS. Maybe something else. But that spike we are using to "prove" that another is coming? It wasn't a "thing" itself. It was not organic.
And even if it was organic .... here's the point: how the hell is that going to happen twice? Sure everyone has a theory, but my gut says what happened on the $1200 spike isn't just going to "happen again x10" and kick us up to $10,000. Nonsense. Unless another major, major, major manufactured event occurs. Probably artificial one. There is nothing to justify taking us to $1200 yet.
Consumer adoption is required for $10,000+ That is not happening in the next 6 months.
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okthen
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June 23, 2014, 12:24:19 AM |
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Here's a fact nobody predicting a new spike, seems to be grasping: The only reason we had a spike at all ... in the first place ... was because of an anomaly. China adoption. And I guarantee you some other shady shit was going on that week as well. It wasn't just a million chinese people blowing their life savings on Bitcoins. maybe it was the BOTS. Maybe something else. But that spike we are using to "prove" that another is coming? It wasn't a "thing" itself. It was not organic.
And even if it was organic .... here's the point: how the hell is that going to happen twice? Sure everyone has a theory, but my gut says what happened on the $1200 spike isn't just going to "happen again x10" and kick us up to $10,000. Nonsense. Unless another major, major, major manufactured event occurs. Probably artificial one. There is nothing to justify taking us to $1200 yet.
Consumer adoption is required for $10,000+ That is not happening in the next 6 months.
Wow you are talking as if that was the only spike up until now! And it wasn't even the biggest one!!
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DustyRah
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June 23, 2014, 07:38:39 PM |
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And we will be floating around 500-600 for more then 4 months?
It would be a very boring 4 months, but at the same time many of us would be making profits here anyway in one way or another. My prediction: I think, many people around the world have not understand the power of bitcoin yet and are mostly clueless about it. Once the mainstream is reached, there would be a massive uprise in market price. Adoption generally does not happen at once, but is a process which goes over time. The adoption is only going to grow whether its gradual or quick. Its better to see a stable price and a gradual rise than monkeys throwing crap cakes kind of scenario like it happened with the Chinese fiasco. The fact that its holding in a stable pattern is very good news for long term BTC outlook.
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SnakePlisken
Member
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Activity: 71
Merit: 10
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June 24, 2014, 06:35:14 PM |
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If there is no bubble then that is even better as we will eventually have a slow, stable steady rise
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ajareselde
Legendary
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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June 25, 2014, 12:22:22 PM |
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And we will be floating around 500-600 for more then 4 months?
no matter what happens now, when next bitcoin halving comes, price will surge up. all those movements are great for trading, its just a question of keeping profits in bitcoin/litecoin, or in fiat. long story short, there will be a next bubble, its just a matter of when.
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