I also think we'll see a period of holding steady around $30-$32 while everyone who was into bitcoins in the first crash and got in at low prices get out,after that the price will carry on upwards. People who bought at $20+ only to see it crash to $2 will be thankful to get out unhurt and people who bought very low have made 5x or 6x their money, so it's fair enough if they want to get out, but i think after that we will carry on up to $50 region.
Even at $50 the entire bitcoin economy is only valued at $500m which is scary, in my opinion, because it could easily become a $1-5 billion net worth economy. When you look around at all the major bitcoin websites they all seem to be experiencing explosive growth. Coinbase has over 2,700 merchants signed up and growing rapidly, i think they will play a very important part in bringing the "underworld" bitcoin to the mainstream.
That's one thing i like about this "gamble", the price is not based on just one website or one company, it's basically representing the value of the entire bitcoin economy, so certainly has much bigger potential to reach a few billion in value.
Topic: $30 is the new $5 - page 2. (Read 2920 times)
If $30 is the new $5 then the market is going above $90 and bottoming at $12.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
Actually, something along these lines is what I half expect to happen. Maybe with extra insanity here and there but with a slightly more mature market behaviour than the last time.
I hope the coinbases, bitinstants and bitpays of the world have all sorts of contingency plans laid out.
We will break the ATH soon, but there will be a pause then. Of course, I can be totally wrong, but I feel we are reaching a point of balance.
i have the same expectations
We will break the ATH soon, but there will be a pause then. Of course, I can be totally wrong, but I feel we are reaching a point of balance.
I don't think it will go like that. The all time high is less than 2 dollars away. It has enormous psychological effect, and it could spark a media blaze. It could get crazy sooner rather than later. We'll see I guess.
If $30 is the new $5 then the market is going above $90 and bottoming at $12.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
Real is gonna change!
If $30 is the new $5 then the market is going above $90 and bottoming at $12.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
Actually, something along these lines is what I half expect to happen. Maybe with extra insanity here and there but with a slightly more mature market behaviour than the last time.
Well, ATM all walls are pulled. Let's see if the market is bullish or bearish by it self? Looks bullish!
If $30 is the new $5 then the market is going above $90 and bottoming at $12.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
Yes, going to $180 and then bottoming to $12 when Japanese govt arrests Mark Karpeles for tax evasion and closes MtGox.
If $30 is the new $5 then the market is going above $90 and bottoming at $12.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
And MtGox will get hacked (really bad) at ~$86.50
...or perhaps this is a new type of reality.
Here's my prediction - $30 (+/- 10%) would be the new consolidation level for a month or so. Then, once everybody is comfortable and all bears burned through their remaining fat, we continue upwards.
Obligatory future price pic pulled out ofbehind technical analysis:
Obligatory future price pic pulled out of
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