Eriul_Pow (OP)
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October 14, 2014, 06:28:05 PM |
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blatchcorn
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October 14, 2014, 06:37:56 PM |
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I am predicting $40k - a 100x increase is way overdue
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criptix
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Activity: 2464
Merit: 1145
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October 14, 2014, 06:40:37 PM |
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point is, when we do reach last ath of ~1200$ everyone will turn bull.
to be honest if that happens we can reach 3000-5000 easily
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Eriul_Pow (OP)
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Activity: 38
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October 14, 2014, 06:52:34 PM |
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Let me drop an amount for posterity :
6500$
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coinableS
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Activity: 1442
Merit: 1186
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October 14, 2014, 06:59:33 PM |
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If we break through the previous ATH, there's no telling how high this can go. The media would blow this up, but this time there is a foundation to work on. 80,000+ merchants, more apps, more understanding and places like circle making it super easy to buy in.
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bassclef
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 14, 2014, 07:02:46 PM |
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If we break through the previous ATH, there's no telling how high this can go. The media would blow this up, but this time there is a foundation to work on. 80,000+ merchants, more apps, more understanding and places like circle making it super easy to buy in.
Precisely why growth has been logarithmic and not linear.
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piramida
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Activity: 1176
Merit: 1010
Borsche
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October 14, 2014, 07:21:07 PM |
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guys wait until the rally starts at least; you start drinking rocket fuel before we take off then we may never do ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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i am satoshi
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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October 14, 2014, 07:24:17 PM |
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guys wait until the rally starts at least; you start drinking rocket fuel before we take off then we may never do ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I doubt we'll be taking off anytime soon. Just a return to a higher level and stabilization there would be a healthy start.
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Blazin604
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October 14, 2014, 07:27:23 PM |
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yeah im thinking well stay at 450 500 until early November and we will hit 800 by early Dec
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culexevilman
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Bitcoin is too valuable to be used as a currency
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October 14, 2014, 07:37:38 PM |
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Sit back and enjoy the ride, this is Bitcoin.
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riiiiising
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October 14, 2014, 07:38:59 PM |
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This will be a mega rally, probably $100,000 or even more. Where are you now, fallling? Probably crying. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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piramida
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Activity: 1176
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Borsche
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October 14, 2014, 08:02:03 PM |
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This will be a mega rally, probably $100,000 or even more. Where are you now, fallling? Probably crying. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) are you sure you are not the same person with a split personality? spell "cut your losses" for me? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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i am satoshi
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navigator
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 14, 2014, 08:04:45 PM |
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You guys do realize that mining is coupled with the price, right?
Difficulty always lags behind the price. Mining profitability always trends towards barely profitable.
Just a rough estimate, if the current network was made up of all S3's, it would be valued at about $100million. I would consider us currently in the tad too profitable range. We should be at around $300 or even less. Since price is up, you can expect the difficulty to continue gradually rising. But it can't rise instantly overnight. Miners have to be built, bought, shipped, setup, and turned on. Let's say our current difficulty supports the current price of $400. If we saw an increase to $800, expect another $100mil in mining equip to be added. If price stays up and no new equipment is added, expect miners to start selling everything they make since mining would be too profitable. It's a rubber band effect that always leads to mining being barely profitable. There are too many variables to really go over them all. If price goes up, just remember we need a network to support it.
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BrewCrewFan
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 14, 2014, 08:10:54 PM |
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This will be a mega rally, probably $100,000 or even more. Where are you now, fallling? Probably crying. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) are you sure you are not the same person with a split personality? spell "cut your losses" for me? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Sorry, but I had to lutz at this!
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Wilhelm
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Activity: 1652
Merit: 1265
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October 14, 2014, 08:14:49 PM |
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You guys do realize that mining is coupled with the price, right?
Difficulty always lags behind the price. Mining profitability always trends towards barely profitable.
Just a rough estimate, if the current network was made up of all S3's, it would be valued at about $100million. I would consider us currently in the tad too profitable range. We should be at around $300 or even less. Since price is up, you can expect the difficulty to continue gradually rising. But it can't rise instantly overnight. Miners have to be built, bought, shipped, setup, and turned on. Let's say our current difficulty supports the current price of $400. If we saw an increase to $800, expect another $100mil in mining equip to be added. If price stays up and no new equipment is added, expect miners to start selling everything they make since mining would be too profitable. It's a rubber band effect that always leads to mining being barely profitable. There are too many variables to really go over them all. If price goes up, just remember we need a network to support it.
True Miners mostly sell directly to the market. If the price bubbles it means more people will attempt to make a profit through mining. Miners will get pissed because they can't mine fast enough to feed the market. Cloudminers will be understocked. The market will shoot up since nobody can supply the coins, only those willing to sell. Price will go to an ATH before people realize the price is insane. Then we go back into a bear phase to blow off. Price therefore can go to 5 digits if it wants too.
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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October 14, 2014, 08:15:20 PM |
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At least wait until the price doubles once ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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fewcoins
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October 14, 2014, 09:28:14 PM |
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Sit back and enjoy the ride, this is Bitcoin.
Very well said! look out for the price correction!!
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Omikifuse
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Activity: 1820
Merit: 1009
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October 14, 2014, 09:29:54 PM |
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$666
Not above that
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gentlemand
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Activity: 2590
Merit: 3014
Welt Am Draht
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October 14, 2014, 09:32:35 PM |
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$666
Not above that
Dunno if I can take another $666 phase. Let's hope it's 665 instead.
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brg444
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 14, 2014, 09:34:39 PM |
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You guys do realize that mining is coupled with the price, right?
Difficulty always lags behind the price. Mining profitability always trends towards barely profitable.
Just a rough estimate, if the current network was made up of all S3's, it would be valued at about $100million. I would consider us currently in the tad too profitable range. We should be at around $300 or even less. Since price is up, you can expect the difficulty to continue gradually rising. But it can't rise instantly overnight. Miners have to be built, bought, shipped, setup, and turned on. Let's say our current difficulty supports the current price of $400. If we saw an increase to $800, expect another $100mil in mining equip to be added. If price stays up and no new equipment is added, expect miners to start selling everything they make since mining would be too profitable. It's a rubber band effect that always leads to mining being barely profitable. There are too many variables to really go over them all. If price goes up, just remember we need a network to support it.
True Miners mostly sell directly to the market. If the price bubbles it means more people will attempt to make a profit through mining. Miners will get pissed because they can't mine fast enough to feed the market. Cloudminers will be understocked. The market will shoot up since nobody can supply the coins, only those willing to sell. Price will go to an ATH before people realize the price is insane. Then we go back into a bear phase to blow off. Price therefore can go to 5 digits if it wants too. Even worse, if the price bubbles miners do not sell, creating much more scarcity in the market. Right now an enormous amount of the demand is being satisfied off-market by miners. In a bull market, miners hold onto their coins for obvious reason therefore demand turns to exchange and price shoots up.
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"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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