Topic: 300$ Hit (Read 3479 times)

Well at first we wanted just to hit the 300$ price, but now we want to be at least 300$

My brain is sadly fried for today and hemorrhaging blood (//endsarcasm) , I'll be taking a nap and i'll come back and respond to your statement concisely .. for now just think about your statement over again for me.

points to look over for you
 --"bitcoin is not mis understood as a commodity note" it is litterally an m3 aka Intangible Asset Account
-- it is technically a ponzi , how else would you liquidate your bitcoins after you have poured money into it you have to find a buyer to escape the bitcoin
--  deflationary aspect of bitcoin and disappearing wallets and coins year over year
--fiats depreciating against btc??? wtf
-- you have no concept of store of value do you ... 1 dollar today will be 1 dollar in 10 years etc etc

-- resolve and fine tune your argument points then i'll get back to you...

According to your world view bitcoins is a commodity that must be invested in for a brief period and then "liquidated" back into FIAT.

Such questions and such an understanding, is honestly a misunderstanding of bitcoin. Bitcoin from that view means that bitcoin is and remains what it is now - a currency that noone uses and noone stores wealth in. And people buy only for the random hope that others also buy it and push the price up long enough for one to get out again at a higher price. Just an empty shell or ponzi scheme, where the "last fool" applies.

That is however a complete misunderstanding.

Bitcoin and blockchain technology more broadly will be vehicles that will drive huge cost saving and thus create a lot of wealth. Much like the Internet has done and is doing. As transactions are done in btc (even if they are "under the hood" and FIAT remains the surface money for most) demand for btc will increase a lot, and with the limited supply the price of btc (the exchange rate) will not drop, but rather increase. This is economics 101. As mining rewards half next year the same demand as we have seen this year would have pushed prices even higher. Since demand has been steadily growing the effect is most likely to be even higher. All in all btc is a currency with utility over current currencies and as it is used more and more it's exchange rate to FIAT will go up. And we have not even touched the point that most FIATs are likely to depreciate against BTC on their own accord (frantically printing new money) too on top of the benefits of btc.

why they must buy one entire bitcoin? bitcoin is divisible if they can affor 1 bitcoin at 100 they will buy 0.1 when it will be at 1k, that's the whole point of its scarcity, also i believe that bitcoin is not well suited for the most poor

only the rich ghuy can drive the price up, average joe are facing too much this current crisis they don't have the money to invest in anything not only bitcoin

They are fine. BTC is and probably LTC too. Look at the curve for BTC over the past month - it does not go up in a straight line, but in a zig-zag motion. This little dip was expected now before doing the next surge up to 330.. then dip to 290-300 again. Then surge to 345...and so on. That is my prediction. A lot of volatility.

Btc went down to 299$ on btc-e, maybe down even further. And litecoin down to about a 4.9, above 5 on bitfinex.
Idk about both of them. I am just putting 50% in each one and hopefully they both rise overnight.
Bit scared actually

Why though ... Why is it going to the moon, are we having another Mt Gox Willy bot moment ... Like Back in 2013-2014...  Volume and pricing doesn't add up to this "going to the moon" ... and plus when bitcoins get to 1,000 dollars who's going to buy it ? Why would anyone buy a bitcoin of 1,000 dollars a coin, then who would be at the end to liquidate these coins at that value.... Are rich millionaires / banks going to enter the market and liquidate your coins for you? ... Please look into the "Greater fools" theory when it comes to investments please.

If everything goes like it ought to I expect 400 this year and around 1000 next year. However there will be plenty of ups and down in between and the market might already now be in the process of incorporating the lower mining that will hit the market next year - so we might come in above 400 this year already. Or some of the very early people might sell off and thus keeping a lid on the price.

We've had a great run clean through $300 and this thing could achieve orbit if we get one or two unexpected triggers. Been a nice run

311 now and still rising 
next week will be very interesting

$350 it's posibble

Hey guys i was right on my speculation for this month was 300$ and today i see that it was 313$ and right now 310$.

Hell yea, we are going to the moon!
And litecoin has gone up too, now at the 0.017/btc mark, maybe we will break the 0.02/btc mark today!

A lot of flaws? Like what? Stress testing and indecision about block size isn't really that big of a flaw.

The decision about the Greece loan default is going to take place today and with its involvement or rather, rumors of involvement with bitcoin considered as a viable currency to use. However, I find bitcoin is a currency of a lot of flaws at the moment and unfit to be Greece's much needed savior. Today's decision will have a heavy effect on the price level of bitcoin either way.

vpn are very cheap, i was buying those with 0.008 or less, can't be the reason...


better to talk about 350, 25-50 per step seems the best aim of the current slow pump


so we should hope that the price will not fall for an entire year under 300? a bit pretentious

i believe that miners are dumping less if they are not in urgent to pay their bills, if they see the price rise i'm sure they are not that stupid to perform a blind dump and losing value

The psychological level of $300 has been breached, it should maintain at that for a while, maybe continue to rise for a few more days but I'm convinced 300's the new 266 now. I wouldn't want the price to skyrocket in such a short time as that would hinder adoption and utility and that's not good. I'd rather have bitcoin stabilize as it has been for the past year. With price stability, and with developments to identify problems and to improve the protocol (as exposed by the stress-test) Bitcoin is becoming more a currency now than a commodity to be hoarded and held. But one never knows, with the whispers of a coming financial crisis sometime 2015-2016 that's even bigger than 2008, Bitcoin might just explode again. Interesting times ahead, but all in Bitcoin's favour no less.

400 is too much for now, lets say the range of $300 - $310 next week

I think it may fall back to the high $200s at some point unless demand keeps up with the 3600 daily issuance.  however, when the block halving occurs, expect price to double.

Now that $300 is behind us. Let's talk about $400