Topic: $1000 Price (Read 3777 times)
Well it looks like I was wrong and #3 was correct. No resistance whatsoever at 1000, just went through it like any other number. Litecoin also quadrupled in value over the last 48 hours, perhaps due to increased faith in cryptocurrencies in general (or bubble lolol)
Just logged on betsofbitco.in, turns out I have a 0.1BTC bet on the price hitting $1000 this year, what a nice little surprise.
Made the bet back in March or April, forgot about it til now!
Made the bet back in March or April, forgot about it til now!
the website is dead or scam... but anyway I' glad you've won ))
Imo, because the last run up to 1k was not followed by a very severe crash but just a small one, it means that there were not that many bears, and those now have fewer btc to sell this time around. I think we will break it, sort of calmly.
So for goxllars I was right, but we seem to meet some resistance against 1000 on stamp/-e.
The $1000 number had no psychological impact on them (not trying to speak for all BTC China investors but that's my take anyway), which is a hugely bullish sign.
No, it is a sign that they use yuan instead of usd
As for MtGox was the breaking of 5000 yuan mark. Wait until China closes in on 10k CNY per BTCExactly. the point i was trying to make is the OP is predicting the next move is that we will hit $1000 and bounce down to $500, consolidating at $800. this has already happened and I don't think it will happen again, especially since the 1000 number means nothing to China, the drivers of this rally. We hopefully weeded out those who wanted to dump and run at 1000, and now break through 1000.
I'm curious, does anyone have any insight into the sentiment in China, as far as the next psychological barrier? Is it 10000 yuan? 8000? You can tell from the forum here that 1000 is a major number to hit, as was 100 in the spring. What is that number in China?
That's true. Originally I didn't include the previous $1000 hit because it was fluctuating so much on that day (the 18th, right after the Senate hearing I believe) that things were going crazy, exchanges were crashing, price was 500 and then 1 second later it was 900 then 1 second later it was 600 and people were just panicking in response to the hearing. However this time around, the trend up to 1000 has been more reasonable so I thought the reaction to it may be different.
I hear ya. You never know with bitcoin...never a dull moment
The $1000 number had no psychological impact on them (not trying to speak for all BTC China investors but that's my take anyway), which is a hugely bullish sign.
No, it is a sign that they use yuan instead of usd
As for MtGox was the breaking of 5000 yuan mark. Wait until China closes in on 10k CNY per BTCExactly. the point i was trying to make is the OP is predicting the next move is that we will hit $1000 and bounce down to $500, consolidating at $800. this has already happened and I don't think it will happen again, especially since the 1000 number means nothing to China, the drivers of this rally. We hopefully weeded out those who wanted to dump and run at 1000, and now break through 1000.
I'm curious, does anyone have any insight into the sentiment in China, as far as the next psychological barrier? Is it 10000 yuan? 8000? You can tell from the forum here that 1000 is a major number to hit, as was 100 in the spring. What is that number in China?
That's true. Originally I didn't include the previous $1000 hit because it was fluctuating so much on that day (the 18th, right after the Senate hearing I believe) that things were going crazy, exchanges were crashing, price was 500 and then 1 second later it was 900 then 1 second later it was 600 and people were just panicking in response to the hearing. However this time around, the trend up to 1000 has been more reasonable so I thought the reaction to it may be different.
Just logged on betsofbitco.in, turns out I have a 0.1BTC bet on the price hitting $1000 this year, what a nice little surprise.
Made the bet back in March or April, forgot about it til now!
Made the bet back in March or April, forgot about it til now!
This bet was risky and if BTCChina counts, you won. If not, there is very high chance it hits this year Bitstamp and MtGox as well
i like the "$ 1000,-" threads. it gives me the opportunity to drop an important hint without giving the impression of spamming.
this will happen when bitcoin jumps over $ 1000:
https://btc1k.com/
or
https://bitcointalk.org/index.php?topic=285771.0;topicseen
ticket sale open in december, reservation via thread.
this will happen when bitcoin jumps over $ 1000:
https://btc1k.com/
or
https://bitcointalk.org/index.php?topic=285771.0;topicseen
ticket sale open in december, reservation via thread.
Just logged on betsofbitco.in, turns out I have a 0.1BTC bet on the price hitting $1000 this year, what a nice little surprise.
Made the bet back in March or April, forgot about it til now!
Made the bet back in March or April, forgot about it til now!
The $1000 number had no psychological impact on them (not trying to speak for all BTC China investors but that's my take anyway), which is a hugely bullish sign.
No, it is a sign that they use yuan instead of usd
As for MtGox was the breaking of 5000 yuan mark. Wait until China closes in on 10k CNY per BTCExactly. the point i was trying to make is the OP is predicting the next move is that we will hit $1000 and bounce down to $500, consolidating at $800. this has already happened and I don't think it will happen again, especially since the 1000 number means nothing to China, the drivers of this rally. We hopefully weeded out those who wanted to dump and run at 1000, and now break through 1000.
I'm curious, does anyone have any insight into the sentiment in China, as far as the next psychological barrier? Is it 10000 yuan? 8000? You can tell from the forum here that 1000 is a major number to hit, as was 100 in the spring. What is that number in China?
Imo, because the last run up to 1k was not followed by a very severe crash but just a small one, it means that there were not that many bears, and those now have fewer btc to sell this time around. I think we will break it, sort of calmly.
I really love this "it's clear".
One thing bitcoin taught me is that you cannot say anything for certain.
One thing bitcoin taught me is that you cannot say anything for certain.
You can replace "it's clear it will hit 1k" with "I predict that it's highly likely it will hit 1k." I didn't feel it was necessary to write "I think" or "I predict" because if I'm the one typing it then it implies that it's my thought.
When YOU say "it's clear" , you assume everybody should think the same because you have absolute arguments for that to happen.
Can I go around and say:
"It's clear that half of the US population will die in the next earthquake"
I do think that but it is "clear"?
Sure, you could post that if you wanted, and people would understand that it's your own belief. If you posted "it's clear that half of the US population will die in the next earthquake" on an internet forum, I doubt half of the people who read it are going to immediately start panicking and booking plane tickets to get out of the country.
At this point *I think* most people understand the volatile nature of bitcoin and any speculative post on this forum is taken to be exactly that: speculation. Therefore, I don't feel the need to preface everything I post with "I think" because most people take it to be implied. If you actually did take it as fact and sell all of your bitcoin, then I apologize for not being clearer.
The $1000 number had no psychological impact on them (not trying to speak for all BTC China investors but that's my take anyway), which is a hugely bullish sign.
No, it is a sign that they use yuan instead of usd
As for MtGox was the breaking of 5000 yuan mark. Wait until China closes in on 10k CNY per BTC Personally I'm going with #2. As soon as it hits 1k it will crash to 500-600. Then people will buy back in, and within a couple of days the price will have stabilized in the high 800's and regular growth will resume...
This already happened. Where were you last week?
Everyone who wanted to sell at $1000 though they'd be smart and sell at $900 before the price crashed. So as soon as $900 hit, a whole whack of sell orders got taken out and the price went down to $500 area.
You also would have noticed that China prices remained stable as these sell orders began executing. What that tells us is that China, the main driver of this recent growth, is in this for the long haul. The $1000 number had no psychological impact on them (not trying to speak for all BTC China investors but that's my take anyway), which is a hugely bullish sign. Prices only started going down in China AFTER the prices already dropped to <$700 levels on the Western exchanges / MtGox
IMHO there will be lots more volatility between now and $1000, but we will break though that soon enough. This reminds me a lot of the volatility we had when we broke through $100 this past spring, and we went all the way up to $266 after that. This time we don't have to worry as much about Gox Lag and Ddos attacks, and we now have some friends in China who have joined in on the fun
I really love this "it's clear".
One thing bitcoin taught me is that you cannot say anything for certain.
One thing bitcoin taught me is that you cannot say anything for certain.
You can replace "it's clear it will hit 1k" with "I predict that it's highly likely it will hit 1k." I didn't feel it was necessary to write "I think" or "I predict" because if I'm the one typing it then it implies that it's my thought.
When YOU say "it's clear" , you assume everybody should think the same because you have absolute arguments for that to happen.
Can I go around and say:
"It's clear that half of the US population will die in the next earthquake"
I do think that but it is "clear"?
I really love this "it's clear".
One thing bitcoin taught me is that you cannot say anything for certain.
One thing bitcoin taught me is that you cannot say anything for certain.
You can replace "it's clear it will hit 1k" with "I predict that it's highly likely it will hit 1k." I didn't feel it was necessary to write "I think" or "I predict" because if I'm the one typing it then it implies that it's my thought.
Nobody can see into the future right? If that was possible we would all be rich.
I really love this "it's clear".
One thing bitcoin taught me is that you cannot say anything for certain.
One thing bitcoin taught me is that you cannot say anything for certain.
It does not matter, the maximum amount of coin that people can panic sell at any day is getting less and less, since more and more of investors have already ROIed and hold on to the rest of the coins indefinitely
I agree to go with mBTC, but unless you have another definition of trillion than I do then there is "only" 21 billion mBTC.
Right, I took the European->American *illion conversion one step too far This. It's time exchanges are going to use mBTC as default unit to compare against the USD. Same for tracker / rate monitor sites like bitcoinwisdom, bitcoinity and clarkmoody.
Also that will help against the stupid "21 million units is not enough" claims, cause with mBTC there'll be 21 trillion
Also that will help against the stupid "21 million units is not enough" claims, cause with mBTC there'll be 21 trillion
I agree to go with mBTC, but unless you have another definition of trillion than I do then there is "only" 21 billion mBTC.
I already think in mBTC terms in most transactions. It is unfortunate there are people who think 1 BTC is smallest Bitcoin "share"
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