adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 28, 2013, 04:23:36 AM |
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bitcoin is very much and always has been undervalued, we all know it has the potential to go to 1000$ a coin due to moderate success, but prices have been kept low all this time because the perceived risk was crazy high and early adopters were cashing out a few million dollars, this perceived risk appears to be less and less of a concern these days... and investors (I'm taking real investors, not a bunch of little users buying 1000$ worth...) are now willing to come aboard...
we could very well see 1000$ bitcoins b4 the end of the year.
Uh oh. Are you becoming slightly bullish? I guess I need to sell my bitcoins now! lol. I could see triple digits in 1-2 years, but four digits?! That's still two orders of magnitude away.. let's not get ahead of ourselves. if bitcoin is viewed as a new commodity / money, anything is possible.... |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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February 28, 2013, 04:24:03 AM |
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If anything Adam has consistently exaggerated his targets, whenever bullish or bearish.
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humanitee
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February 28, 2013, 04:43:51 AM |
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Watching that escalate was really spectacular.
What happens this weekend?
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bitcoinBull
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Activity: 826
Merit: 1001
rippleFanatic
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February 28, 2013, 04:45:09 AM |
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Watching that escalate was really spectacular.
What happens this weekend?
Dip. Then new money the following week. |
College of Bucking Bulls Knowledge
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Cubic Earth
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Activity: 1176
Merit: 1018
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February 28, 2013, 04:47:00 AM |
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I wonder if the large jump over the old high was spontaneous enthusiasm, or a carefully controlled test by a government or investment bank to test market depth.
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humanitee
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February 28, 2013, 04:51:17 AM |
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
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oakpacific
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February 28, 2013, 04:54:00 AM |
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Let me see if I can get it right, Adam:"Oh, I lost the bet, fuck it was so close!  Adding insult to the injury is that I panic sold at $25.5, now all my play money is gone! Bitcoin, why are you so cruel to me?  Wait for it, I still get some bitcoins in my paper wallet right?  So maybe someday the price will go to $1000/BTC  then I will be.......RICH!!!  YAY!! Fuck that bet, I am gonna turn bullish and scream 'BUY! BUY! BUY!' from now on!  " |
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bitcoinBull
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Activity: 826
Merit: 1001
rippleFanatic
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February 28, 2013, 04:56:46 AM |
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Thanks, caught that too. He moved it to $38.00, about 2.5k BTC. |
College of Bucking Bulls Knowledge
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solex
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Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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February 28, 2013, 05:05:30 AM |
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i sold out to the highest bidder, i lost my bet, whats done is done... i can't take it back and theirs no use being in denial anymore. bitcoin is being is now being priced by real big shot investors. we will continue to move up... 50$ is a given 100$ is inevitable and 1000$ is the target Spoken like a true perma-bull. Welcome to the herd. |
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molecular
Donator
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Activity: 2772
Merit: 1019
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February 28, 2013, 05:20:53 AM |
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Congratulations gentlemen, we've just broken the Bitcoin all-time high.
wooohooooo. I just got up... what a nice morning. Also, I think adams account got hacked, he's talking bullish. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Beta-coiner1
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February 28, 2013, 05:21:06 AM |
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DING DING DING I LOSE!!!!!!
fuck soooo close...
.....But you didn't say Uncle!  On hitting over $33,That is just insane.We need a shuttle pic with bullhorns on the front,lol. |
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MoonShadow
Legendary
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Activity: 1708
Merit: 1007
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February 28, 2013, 05:28:39 AM |
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I wonder if the large jump over the old high was spontaneous enthusiasm, or a carefully controlled test by a government or investment bank to test market depth.
Wouldn't be to test market depth. That's a visable metric. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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MoonShadow
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Activity: 1708
Merit: 1007
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February 28, 2013, 05:33:52 AM |
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bitcoin is very much and always has been undervalued, we all know it has the potential to go to 1000$ a coin due to moderate success, but prices have been kept low all this time because the perceived risk was crazy high and early adopters were cashing out a few million dollars, this perceived risk appears to be less and less of a concern these days... and investors (I'm taking real investors, not a bunch of little users buying 1000$ worth...) are now willing to come aboard...
we could very well see 1000$ bitcoins b4 the end of the year.
Part of it might be that the early investors you speak of are all but cashed out. I'm pretty close, and most of mine was gone around $1. I never expected this level of adoption, not even back when it was 6 cents each; so I had been spending my stash the entire way. Granted, there is no way that I could actually have *lost* value after a certain point, even if the coins I had left went to zero; but if I'm all but busted, who else is? |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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poly
Member
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Activity: 84
Merit: 10
Weighted companion cube
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February 28, 2013, 05:59:56 AM |
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Part of it might be that the early investors you speak of are all but cashed out.
Source to back up your generalizing statement? |
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Cubic Earth
Legendary
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Activity: 1176
Merit: 1018
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February 28, 2013, 06:08:23 AM |
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I wonder if the large jump over the old high was spontaneous enthusiasm, or a carefully controlled test by a government or investment bank to test market depth.
Wouldn't be to test market depth. That's a visable metric. Perhaps then to test if the visible metric could accurately predict the price change of a given (LARGE) sized inflow, structure in a particular way? |
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robocoin
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February 28, 2013, 06:59:16 AM |
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bitcoin is very much and always has been undervalued, we all know it has the potential to go to 1000$ a coin due to moderate success, but prices have been kept low all this time because the perceived risk was crazy high and early adopters were cashing out a few million dollars, this perceived risk appears to be less and less of a concern these days... and investors (I'm taking real investors, not a bunch of little users buying 1000$ worth...) are now willing to come aboard...
we could very well see 1000$ bitcoins b4 the end of the year.
Part of it might be that the early investors you speak of are all but cashed out. I'm pretty close, and most of mine was gone around $1. I never expected this level of adoption, not even back when it was 6 cents each; so I had been spending my stash the entire way. Granted, there is no way that I could actually have *lost* value after a certain point, even if the coins I had left went to zero; but if I'm all but busted, who else is? How I wish I had known about Bitcoin when you did. I didn't learn about it much later, but my story is the polar opposite of yours. If I'm still all in, who else is? I'm not trying to troll, just offering a different point of view to the "all but cashed out" option. In my view its like today. If I tell you now that 1BTC will be worth 1000$ within 2 years, you might lol at me. Same thing for the guys in 2010 when they said something about 10$... A run to 50$, 100$... will let more EAs or even investors from nowadays, "cash out". |
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robocoin
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February 28, 2013, 07:24:08 AM |
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In my view its like today. If I tell you now that 1BTC will be worth 1000$ within 2 years, you might lol at me. Same thing for the guys in 2010 when they said something about 10$... A run to 50$, 100$... will let more EAs or even investors from nowadays, "cash out".
LOL! Only $1000? Ha, good one!  Only 3125% from here  |
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Cubic Earth
Legendary
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Activity: 1176
Merit: 1018
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February 28, 2013, 07:52:40 AM |
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Someone is making MtGox Live dizzy again! There were many small buys in quick succession. I think we are seeing some new kind of HFT testing out the system (just a guess).  Uploaded with ImageShack.us |
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