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Author Topic: so is 8.5-ish the new floor?  (Read 3464 times)
paulie_w
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July 24, 2012, 04:26:00 PM
 #1

seems like it, no?
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jwzguy
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July 24, 2012, 04:28:37 PM
 #2

No.
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July 24, 2012, 04:32:49 PM
 #3

No.

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July 24, 2012, 04:35:19 PM
 #4

we'll see a move to 15 or 20 in August. 
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July 24, 2012, 04:47:04 PM
 #5

we'll see a move to 15 or 20 in August. 

What's make you think so?

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July 24, 2012, 04:55:46 PM
 #6

I certainly don't follow the Gox BOOK/VOLUME/TRADES as much as the chatty-cathy's on BTC irc however there have been some big players joining the club as evidenced by some of the big buys that have been made and the large BTC address that are public available.  There is certainly increased VC interest.  There is a HUGE (bigger then Facebook HUGE) potential in banking disintermediation so there is that opportunity when someone figures it out AND the public accepts it.  In August, vacations are over  for US, people are back to work and I think we'll see price increases due to real interest and increased speculation.  I also think we'll see profit taking after any spike like that and another hack in August or September.

Disclaimer:  I'm not betting my BTC on this.  Purely speculation.

 
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July 24, 2012, 04:59:07 PM
 #7

No, definitely not.

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July 24, 2012, 05:02:58 PM
 #8

We'll see.  This is still the "Wild West" of BTC.  And government hasn't even weighted in yet.
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July 24, 2012, 06:10:07 PM
 #9

No $8.50 isn't a floor...it will become short-term resistance as we fall past it...

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gabbynot
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July 24, 2012, 06:14:08 PM
 #10

...and government hasn't even weighted in yet.

Thank God.
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July 24, 2012, 08:05:29 PM
 #11

5$ is the floor
6.5 is likely to never be seen again
7.5 is likely to bring strong support
7.0 is likely to become the new 5

enjoy getting fucked over by this prediction  Wink

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July 24, 2012, 08:14:57 PM
 #12

we'll see a move to 15 or 20 in August. 

I agree. Simply because I finally got a friend convinced to try it. Doubling effectifly the number of Bitcoiners I know.
Now it is me and him.

I cannot say he will mine and buy as much as I but we will get there eventually.

don't let me make you question your assumptions
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July 24, 2012, 08:16:22 PM
 #13

I want it to go back to $5 and just stay there for the next year, so I can accumulate more and more coins.

And then go to $1 million each after that.

That would be the ideal scenario Smiley
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July 24, 2012, 08:19:29 PM
 #14

I'll also think we'll see $3  again in the next 12 months.  We are probably a long way to from any significant stability.
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July 24, 2012, 08:28:06 PM
 #15

I'll also think we'll see $3  again in the next 12 months.  We are probably a long way to from any significant stability.

If nothing MAJOR MAJOR MAJOR happens to justify such a movement the amount of support that will materialize
at even 4.3 is beyond my wildest imaginations.
Flashcrashes excluded.

The biggest trend I can see happening is that MTGOX will become mtgox and there will be constant discussion here
on the forum which exchange really is the best.


don't let me make you question your assumptions
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July 24, 2012, 08:32:21 PM
 #16

I hope your are correct but I still think we're going to see more major hacks and/or more financial, corrupt, inept shenanigans.
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July 24, 2012, 09:25:37 PM
 #17

I want it to go back to $5 and just stay there for the next year, so I can accumulate more and more coins.

And then go to $1 million each after that.

That would be the ideal scenario Smiley

+∞
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July 24, 2012, 09:30:43 PM
 #18

If it goes to $1M per coins does it really matter if you get in at $8.28, $5, or $10 per coin? Wink
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July 24, 2012, 09:35:52 PM
 #19

If it goes to $1M per coins does it really matter if you get in at $8.28, $5, or $10 per coin? Wink

It does it you are day trading this...buying and selling...you can gain more or lose more coins...if you know what you are doing...the first will be true.

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Jointops420
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July 24, 2012, 11:50:53 PM
 #20

If it goes to $1M per coins does it really matter if you get in at $8.28, $5, or $10 per coin? Wink

My thoughts exactly, I wont care a bitcent how many more I could of gone after if it goes to a million a coin because being a billionaire would take all my worries away in the financial realm.
I am hoping this will be the new floor but hey BTC history shows me never get to complacent in what I think is where its going to be for awhile. I do think that there's a big probability that this is the start of the real growth phase after lots of time since last years drama and still BTC stands.
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