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Author Topic: [prediction] Next spike $560,000 14 {<-oops!} months from now (2017 Update!)  (Read 70853 times)
SmoothCurves
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September 30, 2014, 05:44:02 PM
 #121

The stock market could seriously correct or crash within 14 months: http://www.businessinsider.com/john-hussman-crash-warning-2014-9
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
Dafar
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September 30, 2014, 06:33:05 PM
 #122

No offense OP... but I don't understand how you guys can still take TA/chart analysis seriously in the bitcoin world




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brg444
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September 30, 2014, 06:49:31 PM
 #123

No offense OP... but I don't understand how you guys can still take TA/chart analysis seriously in the bitcoin world

Charts and function curves in this case are not an attempt to determine absolute highs and lows in order to trade the market.

The fundamentals used in his projections are simply statistical functions.

The S curve is a very legitimate projection of Bitcoin's adoption as a technology.


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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September 30, 2014, 08:52:14 PM
Last edit: December 03, 2014, 01:00:41 AM by sgbett
 #124

No offense OP... but I don't understand how you guys can still take TA/chart analysis seriously in the bitcoin world

as brg44 says its definitely not about trading to win. its about thinking about how the endgame could play out

The $300k is arbitrary - optimistic, but not outlandish. The timescale is arbitrary. The number and magnitude of cycles is arbitrary. Its just an illustration of what kind of price action is possible when you try and work back from one possible endgame scenario.

It's definitely not a recommendation to go all in. Over the past 3 years I like to think that any "advice" I've given has always been roughly. Don't invest what you can't afford to lose. Assume its going to zero. Then hedge against success (i.e. don't go full fiat!).

I'm also from the don't trade the markets school. That burned me enough to learn my lesson.

Work, spend less than you earn, save money and spread it around asset classes. The aim is not to get rich, its to not go bust.

Everything else takes care of itself.

So fewcoins...

COME WITH FACTS OR STOP RANTING ABOUT HOW WONDERFUL BTC IS IN THEORY!

There are your facts. Here is another one. Neither you or I know what is going to happen. Only one of us is running about the place shouting about how they do though.

Your move.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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sgbett
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September 30, 2014, 08:53:38 PM
 #125

The stock market could seriously correct or crash within 14 months: http://www.businessinsider.com/john-hussman-crash-warning-2014-9

Well wouldn't that be an interesting coincidence give I plucked these figures right out of the quantum foam Cheesy

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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SmoothCurves
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September 30, 2014, 09:26:51 PM
 #126

The stock market could seriously correct or crash within 14 months: http://www.businessinsider.com/john-hussman-crash-warning-2014-9

Well wouldn't that be an interesting coincidence give I plucked these figures right out of the quantum foam Cheesy

Hey if it happens you can chalk it up to retrocasuality.
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September 30, 2014, 10:34:27 PM
 #127

Why do people get upset about other people speculating on the speculation sub-forum?

If mainstream adoption happens the price will have to rise significantly in order to cover larger transactions. If company A wants to buy company B with bitcion for $50 million, they would have to find somewhere to buy 125,000 bitcoins at today's price. With the limited supply this isn't practical at all. The price must rise if adoption becomes more widespread.

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September 30, 2014, 10:37:58 PM
 #128

Are there actually people in this thread seriously discussing this? LOL
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September 30, 2014, 10:48:35 PM
 #129

Are there actually people in this thread seriously discussing this? LOL

This is a thousand times (or should I say $560,000 times) more fun than hanging out in the "Bitcoin is dead" and "Bitcoin is going nowhere" threads. C'mon and join the party.   Grin

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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September 30, 2014, 10:56:18 PM
 #130

Definitely possible if the dollar collapses.
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September 30, 2014, 10:57:13 PM
 #131

Are there actually people in this thread seriously discussing this? LOL

This is a thousand times (or should I say $560,000 times) more fun than hanging out in the "Bitcoin is dead" and "Bitcoin is going nowhere" threads. C'mon and join the party.   Grin

Hey!  /\What she said /\

SmoothCurves
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September 30, 2014, 11:17:44 PM
 #132

Why do people get upset about other people speculating on the speculation sub-forum?

If mainstream adoption happens the price will have to rise significantly in order to cover larger transactions. If company A wants to buy company B with bitcion for $50 million, they would have to find somewhere to buy 125,000 bitcoins at today's price. With the limited supply this isn't practical at all. The price must rise if adoption becomes more widespread.

Exactly.
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September 30, 2014, 11:34:02 PM
 #133

Would be super sweet to see this happen. How small my hope of just a new ATH now looks. I would be happy with even that.
exocytosis
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September 30, 2014, 11:42:49 PM
 #134

The stock market could seriously correct or crash within 14 months: http://www.businessinsider.com/john-hussman-crash-warning-2014-9


LOL! A lot of people have been saying that for a lot of years. Eventually, someone must be right. Even a broken clock is right twice a day.
Here's another couple of predictions: After spring comes summer. After fall comes winter.

Impressive, right?
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October 01, 2014, 01:07:24 AM
 #135

The stock market could seriously correct or crash within 14 months: http://www.businessinsider.com/john-hussman-crash-warning-2014-9


LOL! A lot of people have been saying that for a lot of years. Eventually, someone must be right. Even a broken clock is right twice a day.
Here's another couple of predictions: After spring comes summer. After fall comes winter.

Impressive, right?

your life must be pretty sad

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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October 01, 2014, 01:13:56 AM
 #136

you mean 560, right?

I would love love to see 560k in 14 months, but I know that not gonna happen.

We don't even have the willy robot to push us to 10k Sad

Bitmore
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October 01, 2014, 10:44:17 AM
 #137

Definitely possible if the dollar collapses.

I am hoping (not for a dollar collapse) and hodling, but my concern is that in 14 months 1 Bitcoin, or $560,000 only buys a gallon of milk.  Certainly ,I will promptly pay off my mortgage.   Whether either has any value is my question.

fewcoins
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October 01, 2014, 03:48:22 PM
 #138

Lets just wish away in this thread! Maybe it will hit a million dollars next month!!! & we might even see a unicorn or something!
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October 01, 2014, 09:43:20 PM
 #139

Lets just wish away in this thread! Maybe it will hit a million dollars next month!!! & we might even see a unicorn or something!
I've seen a unicorn around these parts.

HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
MrBig
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October 01, 2014, 11:35:35 PM
 #140

Lets just wish away in this thread! Maybe it will hit a million dollars next month!!! & we might even see a unicorn or something!
I've seen a unicorn around these parts.

I heard that Bigfoot is buying BTC.
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