Bitcoin to the moon?

[jaredboice]

^and of course, I consider this an understatement 

[AtheistAKASaneBrain]

no.

They negotiated Willy bot, but Karpeles wanted too much for it so they only made a moon countdown to grab some small profit

If Karpeles sat inside the rocket, the rocket would have malfunctioned trying to lift off.

[HarmonLi]

I really wonder what people will claim to be the reason for the price increase - other than increased demand - as soon as we've hit a new ATH! Bitcoin doesn't need Willy bots in order to be a successful commodity!

[ajareselde]

is coinbase going to make us reach 1k this week?

no, it wont.
furthermore , it wont go to 1k this year judging by market movements.
sit back and wait, it will happen sooner or later.

[HarmonLi]

is coinbase going to make us reach 1k this week?

no, it wont.
furthermore , it wont go to 1k this year judging by market movements.
sit back and wait, it will happen sooner or later.

Yeah It's much too early to tell when we will enter the next big bull market. I still think it really could be this time! But it's not a given. It may take a few months or could even only happen later this year. I remain bullish, though

[sethminer14]

I remain bullish as well. It will get back up sooner or later. I'm not completely sure about 1k but If it does, that's fine with me.

[ensurance982]

I think we'll go up this time. We could dip a bit lower, but the dumps over the last day experienced some counter-pressure, as well. Bears try their best to short now, but it seems their best isn't enough anymore

[NotLambchop]

I think we'll go up this time...

-But Bullwinkle, that trick NEVER works!



-This time, FOR SURE!

[ensurance982]

I think we'll go up this time...

-But Bullwinkle, that trick NEVER works!



-This time, FOR SURE!

It's nothing but a game of recognizing the real bottom, really. It could be any of the large dips, actually. And I am putting my money (figuratively and literally) on this dip being the one. Sure, I may be wrong and advise everyone to make their own decisions, but you can't win if you don't take a risk.

[Aemon]

I think we'll go up this time...

-But Bullwinkle, that trick NEVER works!



-This time, FOR SURE!

It's nothing but a game of recognizing the real bottom, really. It could be any of the large dips, actually. And I am putting my money (figuratively and literally) on this dip being the one. Sure, I may be wrong and advise everyone to make their own decisions, but you can't win if you don't take a risk.

What if the real bottom is 0?  That is where it looks like it is heading more and more each day.

[NotLambchop]

...you can't win if you don't take a risk.

Isn't that from a Lotto ad?

[ensurance982]

I think we'll go up this time...

-But Bullwinkle, that trick NEVER works!



-This time, FOR SURE!

It's nothing but a game of recognizing the real bottom, really. It could be any of the large dips, actually. And I am putting my money (figuratively and literally) on this dip being the one. Sure, I may be wrong and advise everyone to make their own decisions, but you can't win if you don't take a risk.

What if the real bottom is 0?  That is where it looks like it is heading more and more each day.

Well, in that case sell all your coins and go on with your life. The mere fact that people have been saying this a couple of times over the last 5 years - and were wrong each and every time - makes me quite calm what the threat of this happening is concerned.

[Madness]

is coinbase going to make us reach 1k this week?

No it won't and nothing will for the moment . Bitcoin will eventually go to the moon but not anytime soon if you ask me .
It will inscrease the price slowly slowly till it reach the next Halving block reward then it will riiiiiiiise like hell Less supply + demand = more value

[NotLambchop]

... makes me quite calm what the threat of this happening is concerned.

To be clear:  Bitcoin is unlikely to ever reach zero.  As long as there's one guy with a netbook running a couple of nodes, it'll have *some* value.
I've also been hearing much prognostication re. price: $10k by last Christmas was pretty common, one (certified & institutionalized, recently released) lunatic even promised $300k.
Sadly, those numbers were reached as often as $0

[Aemon]

Well, I meant 0 in the rounding way.  If its .005 cents.  I consider that 0 dollars.  After a year of consistently going down I don't know if we will see it go back up again.  I am truly hoping I am wrong I just am not 100% sure of what will happen.

[MadGhost]

Why are we always want BTC to the moon ? Slow and stable growth is better and sustainable rather than few days pump and crash.

[tss]

haha no.  regardless of how much good news we get.  the cost to mine btc regulates the price they sell for.  at the moment hardware manufacturers are at an advantage and thus have a say in what btc price is.  and believe me they are making a killing.  if i can profit on mining currently then they can profit selling at even half of todays price.

[kwukduck]

coinbase is going to drag us to 1k per 10btc yes...

[dakota neat]

haha no.  regardless of how much good news we get.  the cost to mine btc regulates the price they sell for.  at the moment hardware manufacturers are at an advantage and thus have a say in what btc price is.  and believe me they are making a killing.  if i can profit on mining currently then they can profit selling at even half of todays price.

Yeah, sure. That's the reason why the difficulty is going down.

[rosh]

The effect of coinbase already seems to have worn off.