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bb113 (OP)
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August 03, 2012, 08:01:33 PM |
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 Prediction: You will be able to sell 1 btc for 120 USD in mid-october 2012. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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ElectricMucus
Legendary
 Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 03, 2012, 08:03:57 PM |
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So what's your magic formula for telling apart a "burp" and a peak?
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bb113 (OP)
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August 03, 2012, 08:14:39 PM |
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Just the consistency of the timing.
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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August 03, 2012, 08:17:53 PM |
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and what if it takes longer than expected?
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bb113 (OP)
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August 03, 2012, 08:20:11 PM |
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Then I'll be wrong.
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westkybitcoins
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Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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August 03, 2012, 08:22:22 PM |
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*checks Mt. Gox*
*sees a last price of $11.09801*
Huh. Yeah, I could see it. Not gonna bet the farm, but it doesn't seem unreasonable.
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Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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bb113 (OP)
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August 03, 2012, 08:37:38 PM |
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This was meant for speculation (obviously). Please move if you see this, mods. Sorry about that, someone was talking to me as I was posting it...
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knight22
Legendary
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Activity: 1372
Merit: 1000
--------------->¿?
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August 03, 2012, 11:29:41 PM |
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I don't think the same scenario will happen exactly for a second time. People are remembering that big bubble and will avoid another one. Also, the market is getting stronger and more people are involve in bitcoin than last year so we will probably not see a big collapse after a big rise on the pricing. I think bitcoin has get more maturity and is ready for something else.
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FreeMoney
Legendary
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Activity: 1246
Merit: 1014
Strength in numbers
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August 03, 2012, 11:48:33 PM |
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I don't think the same scenario will happen exactly for a second time. People are remembering that big bubble and will avoid another one. Also, the market is getting stronger and more people are involve in bitcoin than last year so we will probably not see a big collapse after a big rise on the pricing. I think bitcoin has get more maturity and is ready for something else.
People will remember, this ramp up will last a looooong time because the cautious will hold back and buy on dips. Eventually people will again mostly have available the idea that it only goes up, then it'll go up faster for a while and then down, probably to some low multiple of the last stable region. Of course a lot of people won't -remember- they'll just see the data and hear some stories which will weaken that effect some. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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bb113 (OP)
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August 03, 2012, 11:57:48 PM |
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I don't think the same scenario will happen exactly for a second time. People are remembering that big bubble and will avoid another one. Also, the market is getting stronger and more people are involve in bitcoin than last year so we will probably not see a big collapse after a big rise on the pricing. I think bitcoin has get more maturity and is ready for something else.
Keep in mind how many people have no concept at all of how markets work. I didn't when I first bought in. |
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calian
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August 04, 2012, 12:03:24 AM |
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I predict a buying opportunity around $13 some time between October '12 and the end of February '13. Then back to never-
ending bull run.
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FreeMoney
Legendary
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Activity: 1246
Merit: 1014
Strength in numbers
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August 04, 2012, 12:08:01 AM |
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I predict a buying opportunity around $13 some time between October '12 and the end of February '13. Then back to never-
ending bull run.
I think you are right on the timing, I'd think on the late side of that. I have no idea about the price, probably $8-20. I think it really depends on the amount of old coins that people still have access to vs just waiting to use. Even if the old amount that comes back into circulation diminishes it will be a bigger factor because of the reduced supply inflation we're heading into. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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bb113 (OP)
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August 04, 2012, 12:17:51 AM |
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In my opinion, at this point it would be foolish if someone with the funds did not pump the price to the levels mentioned in the OP. Lots of money to be made by doing that. Of course there are always those kurtosis risk events.
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Shadow383
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August 04, 2012, 12:29:51 AM |
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Yes, because as everyone knows markets always repeat exactly the same patterns over and over again in precisely the same way with no variance  Ask yourself this: What would a BTCST implosion do to people's willingness to buy and invest in bitcoin? As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes. |
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bb113 (OP)
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August 04, 2012, 12:39:10 AM |
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Yes, because as everyone knows markets always repeat exactly the same patterns over and over again in precisely the same way with no variance Ask yourself this: What would a BTCST implosion do to people's willingness to buy and invest in bitcoin? As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes. Ask yourself the same...that will be bitcoin's 2008, occurring sometime after october 2012. After this we will have a mature market that has learned the lessons of the last 40 years of FRNs in a span of 3-4 yrs. |
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FreeMoney
Legendary
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Activity: 1246
Merit: 1014
Strength in numbers
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August 04, 2012, 12:39:21 AM |
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Ask yourself this:
What would a BTCST implosion do to people's willingness to buy and invest in bitcoin?
As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes.
No one is going to lose -bitcoins- even if he defaults all that is lost is promised coins. If anything that will remind people that bitcoins are valuable and promises are suspect. Even if people misunderstand it can't hurt price much because people who are in a justifiably foul mood about the whole thing won't have coins to unload and people who avoided it will just feel clever. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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FreeMoney
Legendary
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Activity: 1246
Merit: 1014
Strength in numbers
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August 04, 2012, 12:40:04 AM |
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Yes, because as everyone knows markets always repeat exactly the same patterns over and over again in precisely the same way with no variance Ask yourself this: What would a BTCST implosion do to people's willingness to buy and invest in bitcoin? As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes. Ask yourself the same...that will be bitcoin's 2008, occurring sometime after october 2012. After this we will have a mature market that has learned the lessons of the last 40 years of FRNs in a span of 3-4 yrs. Except it will be totally different than 2008. Anyone who wants their coins back will have to buy or earn them. No one has the magic to dilute the pool. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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bb113 (OP)
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August 04, 2012, 12:51:35 AM |
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Yes, because as everyone knows markets always repeat exactly the same patterns over and over again in precisely the same way with no variance Ask yourself this: What would a BTCST implosion do to people's willingness to buy and invest in bitcoin? As much as the silk road's volume is up, I imagine much of this activity is based on people channelling money into various "investment" schemes. Ask yourself the same...that will be bitcoin's 2008, occurring sometime after october 2012. After this we will have a mature market that has learned the lessons of the last 40 years of FRNs in a span of 3-4 yrs. Except it will be totally different than 2008. Anyone who wants their coins back will have to buy or earn them. No one has the magic to dilute the pool. This is what I think is the whole point of the experiment. Price and adoption need to rise in order to motivate developers to deal with pruning, etc before it is too late. |
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foo
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August 04, 2012, 01:28:08 AM |
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This was meant for speculation (obviously). Please move if you see this, mods. Sorry about that, someone was talking to me as I was posting it...
You can click "Report to moderator" and request a move. |
I know this because Tyler knows this.
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01BTC10
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Activity: 756
Merit: 503
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August 04, 2012, 01:39:45 AM |
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I've sold my house last week. Documents should be signed within 2 weeks at the notary and I will then convert some of the funds into BTC. Watch-out for the bubble when I hit the market  |
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