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Author Topic: Do you think 1.00 BTC will worth more than $10,000.00 USD at any time in 2015?  (Read 28368 times)
GreenStox
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April 27, 2015, 12:29:33 AM
 #501


A lot of people (huge amount of people) bought coins at prices much lower than $100 and if they believe the price will continue to fall they will sell them off in chunks on the way down and buy them back later.

I've doubled my coins using this method in the past (from ~500 to 1000), it was a long time ago but there's nothing to suggest it can't happen again.

As that original buy-in price approaches people get itchy trigger fingers and often click 'sell'.


How they bought bitcoins below 100$? If they could then the market have alraedy gone below 100$, thats not how price discovery works  Grin

Your BID order wont get executed unless the one above you got executed, you can put any amound of chunk orders to sell, if there is 1 guy selling 10000 Bitcoins at a price just above you. Also if the Ask orders cumulatively have a larger volume than those 10000 volume bid orders, then your chunk orders will never get executed and the price will go up again (and another guy will bid up the price above you to fill in the spread created void, there is no incentive for traders to sell at a lower than fair price to you) Grin

It all depends on demand from the perspective of buyers.Learn how the markets work bro  Wink

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ensurance982
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April 27, 2015, 12:59:33 AM
 #502

No, it's simply not going to happen.

We might see a $100 Bitcoin this year but there's no way in hell there will be a $10,000 Bitcoin.

100$ bitcoin? C`mon, i`ll see 1 m $ bitcoin faster than that. 100$ is just way to low, there is massive support around 200$.

This is Bitcoin, the price can half in a day and if you play it right you can double up.

This is why people will deliberately crash the market, simple greed.

Some will lose, some will win but anything's possible.

It's funny they want to create bitcoin derivatives, more exactly bitcoin options.

The only way to deliberately crash the market is to "short it" or buy a "put" option. But you can't do any of those without borrowing bitcoin, which is impossible unless you can steal from the blockchain which is impossible.

Conventional walstreet derivatives wont work on bitcoin. The only way to move the BTC price DOWN is to sell it normally, but for that you need to buy it first.

If you bought it first and sold it later, you didnt do jack shit to the price, its on the same thing.

So i dont think the BTC market is manipulated like that Smiley

Yeah, that's the reason why Bitcoins are being borrowed from people who are willing to give them away at a given interest rate. If you think about this, Bitcoin is actually one of the few assets where you can't borrow something that doesn't even exist in the first place (at least as long as the respective exchange doesn't play foul!)

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April 28, 2015, 07:22:56 PM
 #503


Yeah, that's the reason why Bitcoins are being borrowed from people who are willing to give them away at a given interest rate. If you think about this, Bitcoin is actually one of the few assets where you can't borrow something that doesn't even exist in the first place (at least as long as the respective exchange doesn't play foul!)

Yea but if you borrowed it form someone who had it, that doesnt crash the price.

Remember you first said about this manipulation crashing the market.

If A broker borrows from B bank, then B bank must have that bitcoin to be able to lend it. If the guy then shorts it, then the market cap will stay the same.

Unless that bitcoin bank is one of the original miners who mined it around 1cent/bitcoin, then he must buy it first, then lend it, and then short it through another guy.

Of course since shortable instruments, in the fiat economy, use borrow-buyback method, it must have a swap interest, which is generally paid out of thin air.

So the question is, how are you going to pay swaps if you cant make out bitcoin out of thin air?

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GreenStox
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May 13, 2015, 05:10:45 PM
 #504

Ok its almost 6 months passed. We can now definitely agree that bitcoin wont reach 10.000$ this year.

I think probably in 2-3 years, there will be some calamity in the markets in a few years, that might pump it.

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baristor
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May 13, 2015, 05:35:31 PM
 #505

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy
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May 13, 2015, 05:53:41 PM
 #506

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.
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May 13, 2015, 06:00:56 PM
 #507

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

If that happens im sure other altcoin (good altcoin) would rise and be the new bitcoin, bu i dont think it will go up or down, better to just be stable for now, honestly.

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May 13, 2015, 06:24:45 PM
 #508

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment
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May 13, 2015, 06:32:41 PM
 #509

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment

Yea indeed , just follow

http://www.coindesk.com/

or

http://cointelegraph.com/

Both are leading news agencies for BTC, look up past 3 months news, they were all positive news.

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May 13, 2015, 06:49:41 PM
 #510

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment

No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?

It does not matter what you see reason for you are not the market.

It would be bad for miners but there would be a difficulty decrease and I would actually be loving the drop to these lows because unlike trading $200-$300 and making a little I can be trading from $1-$8-9-10 it would be a lovely day not a catastrophe only for those that hold and do nothing would it be.

@ OP no in case you can't take from that post I do not believe for one second that it will go anywhere near not even $1000 you gotta love dreamers though.


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May 13, 2015, 06:56:31 PM
 #511


No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?


Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet?

Horrible logic.

That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year.

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May 13, 2015, 06:57:34 PM
 #512


in fact it probably has more chance because let's not forget it has already been at $1


Put things in perspective. When that happened bitcoin was only a forum currency for a few nerds.
Now you got hundreds of thousands of stores accepting it, many hundred exchanges, more then 1 thousand ATMs, and many more goods & services.

It has an infrastructure backing it (its always funny when idiots say that BTC is not backed by anything, its backed by its economy).
There is already a mini-subeconomy for bitcoin, and its growing, every single day. To the point that 1 day it will replace the main economy.


So your point is not put in perspective.

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May 13, 2015, 07:03:49 PM
 #513


No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?


Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet?

Horrible logic.

That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year.

Mine was on topic and has perfect logic, we have reached $1000 where have we gone since then? That is right we are on a slippery slope down down down. Why not $1 because you would lose your hopeful future $20k if it reached the 10k which it won't because we are going down baby be happy not sad  Grin


in fact it probably has more chance because let's not forget it has already been at $1


Put things in perspective. When that happened bitcoin was only a forum currency for a few nerds.
Now you got hundreds of thousands of stores accepting it, many hundred exchanges, more then 1 thousand ATMs, and many more goods & services.

It has an infrastructure backing it (its always funny when idiots say that BTC is not backed by anything, its backed by its economy).
There is already a mini-subeconomy for bitcoin, and its growing, every single day. To the point that 1 day it will replace the main economy.


So your point is not put in perspective.

Please don't just snip one half a sentence for your argument, maybe you put things in perspective (without red writing lol) So we have all this backing and have done for quite some time, why are we not back to the $700 plus area  Cheesy Why are we still dropping with 'all this backing'?

That is perspective isn't it.

Update... I am not going to continue with this here but am more than happy to speak threw pm with greensox, but the other is ignored.


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mrhelpful
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May 13, 2015, 07:05:08 PM
 #514

the only time if it would ever drop, is if we all just call it a day and sold it all at once.

everyone here on this forum go based on their own perspective, but for me its the actual blockchain itself and thats priceless technology within our time.
GreenStox
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May 13, 2015, 07:07:50 PM
 #515


Please don't just snip one half a sentence for your argument, maybe you put things in perspective (without red writing lol) So we have all this backing and have done for quite some time, why are we not back to the $700 plus area  Cheesy Why are we still dropping with 'all this backing'?

That is perspective isn't it.

Because, although the infrastructure is there, there is no demand at the moment, because people are either dont know about bitcoin / dont trust it.

Or, they think that a printed toilet paper fiat is better than it.

Once people realize, things will change really fast, we already got the economy here, so we will wait everyone with spread arms, who will join our cause  Wink

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futureofbitcoin
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May 13, 2015, 07:10:20 PM
 #516


No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?


Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet?

Horrible logic.

That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year.

Mine was on topic and has perfect logic, we have reached $1000 where have we gone since then? That is right we are on a slippery slope down down down. Why not $1 because you would lose your hopeful future $20k if it reached the 10k which it won't because we are going down baby be happy not sad  Grin

On topic, yes. Perfect logic, No. Continuing my example above, would you say I have a higher chance of ending up in San Fran, since i took a little detour on the way to LA? The main point is, you're saying there's a higher chance BECAUSE IT'S ALREADY BEEN THERE. That part of your argument is a fallacy, plain and simple. It's not perfect logic. It's like if I said "because apples are green, the Earth is spherical". Sure, the Earth is spherical, but it's not because apples are green.

Why not $1? Because I don't think it'll reach $1. There are too many delusional libertarian Satoshi worshippers to let that happen. That doesn't mean bitcoin can't die, for all intents and purposes, for everyone else.

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May 14, 2015, 01:15:35 PM
 #517

No, based on the current trend I do not believe it will increase that much in this little of time.

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thejaytiesto
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May 14, 2015, 04:30:31 PM
 #518

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

Thats what people don't get. What we are seeing is a magical gift, and opportunity to get it cheap as hell again, while the big money hands also pick a lot of BTC on this sub 300 price. Once the train goes off the station again, never complain and never cry, you had your 2nd chance.

Bitcoiner2015
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May 15, 2015, 12:46:11 PM
 #519

I think that 33BTC will be worth 10.000 USD in 2015.
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May 15, 2015, 08:00:22 PM
 #520

u guys keep thinkign it goes up ? What if it goes below 1$ ?  Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

Thats what people don't get. What we are seeing is a magical gift, and opportunity to get it cheap as hell again, while the big money hands also pick a lot of BTC on this sub 300 price. Once the train goes off the station again, never complain and never cry, you had your 2nd chance.

Yea but there are always new markets, capitalism never ends (unless you insert some reds).

Alot of altcoins now below at 1 cent, who knows which one will hit 1 billion market cap next, so you had your chance there too, i can say  Cheesy

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