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pedrosoft
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September 02, 2014, 08:59:21 AM |
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I also believe in the cyclical theory of the price of bitcoin. Let's just hope that everything starts soon. Some had said it had to begin in late July or early August
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Mobius
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September 02, 2014, 09:07:37 AM |
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We won't see under $1000 USD again after the next boom. There might be a small rise at the end of the year with anticipation but I think something major needs to happen for a significant influx of new money (BRIC adoption, financial collapse, reward halves etc).
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Buo
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Activity: 112
Merit: 10
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September 02, 2014, 09:57:08 AM |
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We won't see under $1000 USD again after the next boom. There might be a small rise at the end of the year with anticipation but I think something major needs to happen for a significant influx of new money (BRIC adoption, financial collapse, reward halves etc).
The next bottom will probably be around $1500 and the peak at abou $5000 or more, but how far are we from that? |
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falllling
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Activity: 112
Merit: 10
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September 02, 2014, 10:20:09 AM |
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We won't see under $1000 USD again after the next boom. There might be a small rise at the end of the year with anticipation but I think something major needs to happen for a significant influx of new money (BRIC adoption, financial collapse, reward halves etc).
The next bottom will probably be around $1500 and the peak at abou $5000 or more, but how far are we from that? far as forever you should hope bitcoin don't break $300 and $200 first, would you? |
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giveBTCpls
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September 02, 2014, 11:01:56 AM |
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We won't see under $1000 USD again after the next boom. There might be a small rise at the end of the year with anticipation but I think something major needs to happen for a significant influx of new money (BRIC adoption, financial collapse, reward halves etc).
The next bottom will probably be around $1500 and the peak at abou $5000 or more, but how far are we from that? far as forever you should hope bitcoin don't break $300 and $200 first, would you? Wrooong. No one cares how low it goes, objectively speaking i'll surpass ATH eventually. So if you sell now, you are lossing shit loads of money in 10 years, it's too much of a risk. Buy and hold. It's like you guys want to be poor? |
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Beliathon (OP)
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September 02, 2014, 02:44:15 PM |
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Nothing goes up forever.
Nothing except the other decentralization of an existing centralized system, AKA the internet, when it replaced the aging dinosaur Telecommunications industry over the course of 15 years. "The Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007.[1] Today the Internet continues to grow, driven by ever greater amounts of online information, commerce, entertainment, and social networking." http://en.wikipedia.org/wiki/History_of_the_InternetThe internet is the ONLY technology it makes sense to compare Bitcoin with. |
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giveBTCpls
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September 03, 2014, 10:59:14 PM |
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Nothing goes up forever.
Nothing except the other decentralization of an existing centralized system, AKA the internet, when it replaced the aging dinosaur Telecommunications industry over the course of 15 years. "The Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007.[1] Today the Internet continues to grow, driven by ever greater amounts of online information, commerce, entertainment, and social networking." http://en.wikipedia.org/wiki/History_of_the_InternetThe internet is the ONLY technology it makes sense to compare Bitcoin with. Too legit. We'll see nothing but growth. We are talking a complete revolution here as the FIAT system collapses. This is not a joke. Look at the DATA. We are headed for FIAT devaluation, MATHEMATICALLY. |
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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September 04, 2014, 12:33:30 AM |
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IMO the next peek will be MUCH higher than most are expecting IMO 20k, but it will take a lot longer before it even starts. IMO we might be in a year and a bit of fallin phase :O.
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Jamacn
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September 04, 2014, 08:07:55 AM |
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Bitcoin truth is found by you
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lyth0s
Legendary
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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September 04, 2014, 08:36:27 AM |
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Define boom.
$2000+ at least, probably $3000+ at peak Nothing goes up forever. Except the US monetary base or the US national debt among many other things....unless you are suggesting that they will go up until they cease to exist? |
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Beliathon (OP)
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September 05, 2014, 10:18:41 AM |
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Indeed. The beautiful thing, is what you begin to see when you extrapolate those curves outward a bit..  Difficulty, hash-rate, and adoption all look like this. Price follows sooner or later, it's a mathematical inevitability. Demand is going nowhere but up, while supply becomes more and more scarce (hashing difficulty). This ain't rocket surgery folks. |
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Timetwister
Legendary
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Activity: 1199
Merit: 1047
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September 05, 2014, 11:15:46 AM |
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Define boom.
$2000+ at least, probably $3000+ at peak  Don't stop there, prolong the graph until 2025 or so!  |
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Beliathon (OP)
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September 05, 2014, 11:31:54 AM |
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Define boom.
$2000+ at least, probably $3000+ at peak Don't stop there, prolong the graph until 2025 or so! One of these graphs has 1,200 data points. The other graph has 1 data point. Which do you think is more useful? |
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Timetwister
Legendary
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Activity: 1199
Merit: 1047
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September 05, 2014, 11:44:54 AM |
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Define boom.
$2000+ at least, probably $3000+ at peak Don't stop there, prolong the graph until 2025 or so! One of these graphs has 1,200 data points. The other graph has 1 data point. Which do you think is more useful? The first one, but it's still very stupid to expect past perfomance to replicate in the future. It's simply impossible to grow indefinitely at 0.59% per day. Unless we have USD hyperinflation, of course. |
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InwardContour
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September 05, 2014, 12:20:31 PM |
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According to the above chart in september 2016 we will be all rich... That's too much optimistic in my opinion, we can't reach 100,000$ in a period of time so small.
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bitnoteblock
Newbie
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Activity: 25
Merit: 0
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September 05, 2014, 12:52:00 PM |
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If one bitcoin will be valued 100,000$ my 0,3 btc will be 30,000$ and it's not bad at all!
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devphp
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September 05, 2014, 12:53:13 PM |
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If one bitcoin will be valued 100,000$...
I wouldn't count on it. |
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Timetwister
Legendary
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Activity: 1199
Merit: 1047
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September 05, 2014, 03:17:26 PM |
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According to the above chart in september 2016 we will be all rich... That's too much optimistic in my opinion, we can't reach 100,000$ in a period of time so small.
It's very unlikely, but not impossible. What is impossible, unless there's USD hyperinflation, is to increase permanently BTC/USD at 0.59% per day. |
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BitCoinNutJob
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Activity: 1316
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September 05, 2014, 03:21:45 PM |
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Its possible we go to $100k in 2 years, all we need is more people. Look at how football players wages and price tags have gone through the roof due to interest + a well packaged product.
Just make bitcoin for the mainstream, simple.
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