Topic: 15th of April (Read 2846 times)

If you purchase Bitcoin for $1000.00 or less, you are an early adopter.
Bitcoin by any metric is following Metcalfe's Law.

There is not a threat known to Man that can stop it now.

15th April...

JUDGEMENT DAY.

you were right, it was down to like 410 basically.

Why did you decide that something will happen on that date? Don't trust silly conversations

I'm thinking 570-575ish by April 15th.

You are not allowed to speak like that in here. Reported to moderator.

Price looks stable now,

The main thing that will occur will be that April the 16th happens the day after.

January 31st was the previous Chinese apocalypse. Fuck all happened. If there is to be price action it'll be all over long before that day.

Yes, and as a participant of this board I deserve a piece of ass 

Calling something "a bubble" is a disparaging comment. It's seen as "not good", and implies that the thing that is the bubble is over-priced. The same whether we are talking about tulips, the Internet, social networking or Bitcoin.

That doesn't mean that some people don't make money during a bubble. Clearly a minority do make it big during every bubble. Those who sold tulips, useless 90s Internet companies and Instagram made a lot of money. Those things suddenly became worth a lot less than what people paid for them and then a larger number of people lost money.

Some are keen to call Bitcoin a bubble because of the massive increase in value unprecedented in almost all legal ventures.

But it's not clear yet whether Bitcoin is a bubble. The full value of the blockchain and Bitcoin has not yet been established. Even if the blockchain concept goes on to greater things, it is still possible that the specific Bitcoin implementation of it fails. What is true is that, if Bitcoin were to achieve mainstream acceptance and success, then it must be worth more in fiat terms than it currently is now.

In the general and long term sense a rapid increase in the value of Bitcoin could be bad for Bitcoin because when there is a following crash a lot of people will get burnt and panic sell and it will generate a disproportionate amount of bad press. Even then, obviously a few people who currently have large bitcoin holdings and the good sense/fortune to predict the top of the market will make a killing and for that minority a bubble will be good news.

But for the majority and for the long term it would be healthier to see a slow and steady rise in value.

Unfortunately we rarely get what we want, so it is on us to critically appraise each piece of news to check it's not FUD, try not to panic sell, equally do not invest what we can't afford to lose. Generally just don't be a dick.

4th and 5th it remained above $400, so you appear to now owe the board your hot ass.

Thank you

I'm not an expert in this, though I've been watching the market for over a year now (which isn't much compared to some people who got into this 5 years ago). Why I said $200? Just because bitcoin is an invention  and thus it can't just exist unnoticed, with stable low prices. It either develops, gains attention and becomes more or less used, or it just dies. That's why, IMO it won't go back to the prices from over a year, this would mean that, despite a lot of money being pumped into it, bitcoin is not accepted, it failed to gain public approval.

A year ago there were no bitcoin ATMs, big investment funds, hardware wallets, multiple exchanges and "bitcoin accepted" signs popping up everywhere, but still the price of BTC was rising above $100. If we had $50 now this would mean something went terribly wrong. We owe today's price to the Gox crysis, it started this whole FUD fest and a series of crashes from ~$700. I bet if this situation ever gets resolved (hopefully with that thief Karpeles returning the money he stole) the price will be at least 2x what it is now.

Money never disappears (unless you send it to Gox). The price is not crashing because people aren't buying, or the coins suddenly became worthless, just at the given moment there are more sellers than buyers.

I'm holding, so expect an epic crash 

@panda

I'm asking because this is all new and I'm crash studying every thread trying to understand the 'market' aspect (got the principles and future down good enough)...can you expound on your reasoning for that statement - why it's 200 and not 50 ever again - what are you basing it on? I'm not accepting it as a prediction, just to get an idea what everyone is using to base any opinion or prediction/speculation on.

Also for whoever - am I correct regarding the "bubble" concept that it's when a shit ton of people buy in to critical mass, then there's no more money to be put in so it 'pops' and crashes, and all that money vanishes or becomes worthless? And if so, clearly that would make a bubble a bad thing...but in bitcoin's case, and other technologies I'd imagine, wouldn't a bubble be kind of a good thing? As in that happens, it pops/crashes, but always goes back up in price/value?

Thanks

I agree
I would be very proud to buy btc @ 50$ but it wont happen...

I can predict the future

Currently- the weak will leave and pull everything out

future- the big guns will start pouring there money in till btc reaches 10k

future cont.- the weak who left will want to get back in from the sudden surge and good news but with the slightest drop off the weak will lose hope and start spreading fud till it crashes again and cause a panic sell

rinse and repeat

You're too late for fools day with this.

To whoever reads bullshit like the above, just think for a moment. Even if bitcoin was banned in China (it isn't of course) why would the price drop below $100 (where it stayed even before the china boom and before all the recent development like new exchanges, asic chips, investment funds, ATMs)? We won't see $50 ever again, it will either be $200+ or completely gone, replaced by something new.

hmm interested

obviously ... china pinged the irs ruling . hmmm... have to wonder why would china do that ??