4000$ bitcoins in 4 months - page 2.

Hyena

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Quote from: Gyfts on July 07, 2015, 06:04:50 PM

This is next to trolling, or I'm just not seeing the connection. I'm trying to comprehend this graph and don't see how this trend will result in a four thousand $+ price.

STFU, this is not trolling in any way. If we discard the last bubble because it was rather exceptional due to the willy bot action, we see that the last time we were in green for 5 weeks in a row was exactly before the Cyprus bubble. What we have been experiencing for the past 5 weeks hasn't happened for more than 2 years. This current situation is very hot and we are on the verge of a beautiful and very bullish storm.

neurotypical

hero member

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Quote from: molecular on July 06, 2015, 11:38:06 PM

Quote from: solid12345 on July 06, 2015, 11:18:02 PM

Quote from: Hyena on July 06, 2015, 11:43:48 AM

Impossible? You clearly don't have a clue what bitcoin is capable of. BTW, I'm all in since 2012. Now there is simply no point for me to buy any more bitcoins because the bitcoins that I could buy today with my monthly salary would be just a drop in the ocean in comparison to the coins I accumulated in 2011 and 2012.[/url]

This is what I find funny about the btc community, $4k btc sounds crazy yet it is nowhere near as crazy to me as the idea a couple of nerds cpu mined thousands of bitcoins for winter heating prices and turned those into $1,000 a piece.

Bitcoin's market cap is tiny, tiny tiny compared to a typical fortune 500 company or a few blocks of prime real estate in a major American city, it has alot of room to grow.

I fail to see how that's funny. Imagine Bitcoin really becomes a large-scale success at least in the store-of-wealth arena, largely replacing gold, tbtb unable to suppress it. What happens when a large chunk of the worlds wealth is transferred to a couple of crypto geeks and gamer kids?

I don't think that's funny. It's very interesting, though. Maybe prodigious.

Nothing happens because most of the people that got luck sold at 1 dollar, or 30 dollar, or 200 dollar. The people that sold at 1k where the 1% of super lucky guys. So as you can see, with Bitcoin the guy that holds wins, but no one knew what would happen. If you mined 10000 Bitcoin for nothing and it reached 1 dollar, you would have probably sold too.
Redistribution of Bitcoin will happen everytime we reach a new milestone, 2k, 3k.. 10k..100.. everytime there will be people selling and other people getting the Bitcoins, and each time there will be people regretting by not holding a couple years more. It's how it works.

Gyfts

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This is next to trolling, or I'm just not seeing the connection. I'm trying to comprehend this graph and don't see how this trend will result in a four thousand $+ price.

jeffthebaker

legendary

Activity: 1526

Merit: 1034

As much as I would love to see a price of $4000, I am skeptical of seeing even $400 any time soon.

SmoothCurves

sr. member

Activity: 379

Merit: 250

Quote from: gentlemand on July 07, 2015, 08:27:22 AM

Quote from: XMRChina on July 07, 2015, 08:05:59 AM

Each 16x gain will be much harder than the last

Big gains will be harder/ non existent if the userbase remains stagnant. Right now there's probably less than a couple of million people involved, quite possibly far, far fewer.

If it really did begin to gain traction and a new and larger wave of people decided it might have a place in their lives a 16x gain would happen with ease. Then you might be up to 10 million users.

The next wave might bring 100 million users and you're still quite a way from fulfilling its potential. Gains would pile up until it reached a relative saturation point. At that point, perhaps 10-20 years in the future, the deflation kicks in. Result - more gains.

Why is it so impossible for so many on here to think beyond the end of their next short?

Once adoption reaches a threshold it will go hyper-exponential as will price

gentlemand

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Activity: 2590

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Welt Am Draht

Quote from: XMRChina on July 07, 2015, 08:05:59 AM

Each 16x gain will be much harder than the last

Big gains will be harder/ non existent if the userbase remains stagnant. Right now there's probably less than a couple of million people involved, quite possibly far, far fewer.

If it really did begin to gain traction and a new and larger wave of people decided it might have a place in their lives a 16x gain would happen with ease. Then you might be up to 10 million users.

The next wave might bring 100 million users and you're still quite a way from fulfilling its potential. Gains would pile up until it reached a relative saturation point. At that point, perhaps 10-20 years in the future, the deflation kicks in. Result - more gains.

Why is it so impossible for so many on here to think beyond the end of their next short?

Hyena

legendary

Activity: 2114

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Quote from: XMRChina on July 07, 2015, 08:05:59 AM

There is no thoughtful analysis here. Cyprus alone was not the cause for the 16x gain

Greece is not exactly like Cyprus

If there is a rally there is no reason to assume it will be 16x

Each 16x gain will be much harder than the last

Don't try to force your assumptions on my OP.

I never said that the peak of the next bubble is 4000$. I said that we will see 4000$ bitcoins in 4 months. And obviously, Greece and Cyprus are not exactly the same, come on you smart ass, why state the obvious? Also, even if we had a thoughtful analysis, there is never any guarantee. Analysis get wrong all the time. Crystal ball predictions get right sometimes. You may die tomorrow, you have absolutely no guarantee. Your doctor may come up with an elaborate health analysis that says you will live 100 years old yet tomorrow you will die. Stop living as if you were immortal and had all the time in the world while in reality you only have now.

XMRChina

full member

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Quote from: Hyena on July 05, 2015, 02:59:54 PM

In the beginning of 2013 bitcoin traded at 15$ and went up to 250$ in the following 4 months. That's 16x rise! We are currently at 270$, 5 weeks green in a row, exactly as it was before the Cyprus crisis.

270*16 = 4320

There is no thoughtful analysis here. Cyprus alone was not the cause for the 16x gain

Greece is not exactly like Cyprus

If there is a rally there is no reason to assume it will be 16x

Each 16x gain will be much harder than the last

gentlemand

legendary

Activity: 2590

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Welt Am Draht

Quote from: Melbustus on July 07, 2015, 01:17:51 AM

Yes, which is why bitcoin's volatility (and long drawn out bear periods) are *ultimately* healthy, however painful in the short-term. The quick 10x rises and subsequent crashes lead the luckbox kids who got in without a deep understanding of where this all *could* go, to get out years too early. I'm sure you recall all the miners from 2010 and early 2011 who sold huge stashes in April-June 2011, at anywhere from 10x-1000x profit. Some of them made tens or low-hundreds of thousands of dollars in quick profit, but turns out they sacrificed millions.

Bitcoin's volatility is quite efficient at weeding out those who lack the combination of real long-term vision and extremely high risk tolerance.

I wonder whether that cycle will change. If you were floating around back in 2011 it would still have been quite easy to believe the whole thing was going to wither so you'd grab your profits and run.

These days it's becoming ever more likely that it really will go somewhere in a global context. I believe it's going to take a long time but you'd have to be pretty dumb to not realise the possible implications by now.

Sure, people will still crack when instant billions don't fall into their lap, but they really shouldn't be surprised if they're left in the dust a few more years down the line in the way 2010/2011 bailers have been. At least those folks didn't have all the subsequent developments to draw perspective on.

Melbustus

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Quote from: molecular on July 06, 2015, 11:38:06 PM

Quote from: solid12345 on July 06, 2015, 11:18:02 PM

Quote from: Hyena on July 06, 2015, 11:43:48 AM

Impossible? You clearly don't have a clue what bitcoin is capable of. BTW, I'm all in since 2012. Now there is simply no point for me to buy any more bitcoins because the bitcoins that I could buy today with my monthly salary would be just a drop in the ocean in comparison to the coins I accumulated in 2011 and 2012.[/url]

This is what I find funny about the btc community, $4k btc sounds crazy yet it is nowhere near as crazy to me as the idea a couple of nerds cpu mined thousands of bitcoins for winter heating prices and turned those into $1,000 a piece.

Bitcoin's market cap is tiny, tiny tiny compared to a typical fortune 500 company or a few blocks of prime real estate in a major American city, it has alot of room to grow.

I fail to see how that's funny. Imagine Bitcoin really becomes a large-scale success at least in the store-of-wealth arena, largely replacing gold, tbtb unable to suppress it. What happens when a large chunk of the worlds wealth is transferred to a couple of crypto geeks and gamer kids?

I don't think that's funny. It's very interesting, though. Maybe prodigious.

Yes, which is why bitcoin's volatility (and long drawn out bear periods) are *ultimately* healthy, however painful in the short-term. The quick 10x rises and subsequent crashes lead the luckbox kids who got in without a deep understanding of where this all *could* go, to get out years too early. I'm sure you recall all the miners from 2010 and early 2011 who sold huge stashes in April-June 2011, at anywhere from 10x-1000x profit. Some of them made tens or low-hundreds of thousands of dollars in quick profit, but turns out they sacrificed millions.

Bitcoin's volatility is quite efficient at weeding out those who lack the combination of real long-term vision and extremely high risk tolerance.

Genesys

newbie

Activity: 42

Merit: 0

I read stories like this and see potential for the economy as a whole.
Isn't that what the world's economy is driven on.. hope?
Hope for a better tomorrow, a prosperous future, a guiding light?
It all sounds la de da but isn't it true?
Bear and bulls have no place in Greece.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: solid12345 on July 06, 2015, 11:18:02 PM

Quote from: Hyena on July 06, 2015, 11:43:48 AM

Impossible? You clearly don't have a clue what bitcoin is capable of. BTW, I'm all in since 2012. Now there is simply no point for me to buy any more bitcoins because the bitcoins that I could buy today with my monthly salary would be just a drop in the ocean in comparison to the coins I accumulated in 2011 and 2012.[/url]

This is what I find funny about the btc community, $4k btc sounds crazy yet it is nowhere near as crazy to me as the idea a couple of nerds cpu mined thousands of bitcoins for winter heating prices and turned those into $1,000 a piece.

Bitcoin's market cap is tiny, tiny tiny compared to a typical fortune 500 company or a few blocks of prime real estate in a major American city, it has alot of room to grow.

I fail to see how that's funny. Imagine Bitcoin really becomes a large-scale success at least in the store-of-wealth arena, largely replacing gold, tbtb unable to suppress it. What happens when a large chunk of the worlds wealth is transferred to a couple of crypto geeks and gamer kids?

I don't think that's funny. It's very interesting, though. Maybe prodigious.

solid12345

legendary

Activity: 1246

Merit: 1000

Quote from: Hyena on July 06, 2015, 11:43:48 AM

Impossible? You clearly don't have a clue what bitcoin is capable of. BTW, I'm all in since 2012. Now there is simply no point for me to buy any more bitcoins because the bitcoins that I could buy today with my monthly salary would be just a drop in the ocean in comparison to the coins I accumulated in 2011 and 2012.[/url]

This is what I find funny about the btc community, $4k btc sounds crazy yet it is nowhere near as crazy to me as the idea a couple of nerds cpu mined thousands of bitcoins for winter heating prices and turned those into $1,000 a piece.

Bitcoin's market cap is tiny, tiny tiny compared to a typical fortune 500 company or a few blocks of prime real estate in a major American city, it has alot of room to grow.

tss

hero member

Activity: 742

Merit: 500

Quote from: redsn0w on July 06, 2015, 01:31:09 PM

I know how bitcoin works, don't worry Wink

.... keep posting to get paid from the signature campaign (I'm out).

Have a great day.

i am happy to see you are no longer participating in the signature campaigns also. care to share the reason why?

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: AtheistAKASaneBrain on July 06, 2015, 08:12:23 AM

Quote from: redsn0w on July 05, 2015, 03:07:04 PM

Quote from: Hyena on July 05, 2015, 02:59:54 PM

In the beginning of 2013 bitcoin traded at 15$ and went up to 250$ in the following 4 months. That's 16x rise! We are currently at 270$, 5 weeks green in a row, exactly as it was before the Cyprus crisis.

270*16 = 4320

Are you serious? Or just another useless speculation of the price? Will you buy 1 btc for 4k dollars ? Oh sorry I forgot ... we are in the speculation forum section.

//sarcasm.

However, I will be happy if the price will raise to 500 dollars so I can dump al my coins XD (who wants 4k dollars per btc).

Im surprised how such dumb posters can be hero members. Did you really spend years here posting and still not learn how you aren't forced to buy 1 entire BTC? you didn't learn how BTC could go to 1 million per coin and still function perfectly because it can be divided as small of an unit as needed? Jesus Chirst. Im not sure if it's sarcasm or not at this point, because I see so many dumb comments like these.

Have you noticed the //sarcasm, come on guys

I know how bitcoin works, don't worry Wink

.... keep posting to get paid from the signature campaign (I'm out).

Have a great day.

jaredboice

hero member

Activity: 560

Merit: 500

Quote from: randy8777 on July 06, 2015, 08:29:03 AM

it's quite funny to see how a very high ranked hero member thinks the impossible will happen within a few months. if you really believe yourself then go all in right now.

Regardless of what they say, I very much doubt some of the people on this form would go all in right now... since they probably already went all in at $190 Cheesy

greBit

hero member

Activity: 714

Merit: 500

Quote from: redsn0w on July 05, 2015, 04:00:43 PM

Quote from: Lauda on July 05, 2015, 03:58:48 PM

I highly doubt that we are going to even come close to this. However, there is a slight possibility in case that something happens.
If Greece declares Bitcoin as its national currency then Bitcoin is going places. Although the odds aren't really in favor of this one.

It is impossible that a nation or government will declare bitcoin as its national currency, how they can control it? Only an anarchy can support bitcoin as currency not even a democracy.

It is not impossible for a nation or a government to declare bitcoin as its national currency, just because they cannot control it. Ofcourse they will have all their attempts of copying it, banning it, whatever it... but if people just keep using it and fucking adopt it, it causes an economic revolution and things just change. They have to adopt it, they won't have any options left.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: Hyena on July 06, 2015, 11:43:48 AM

Quote from: jonald_fyookball on July 06, 2015, 08:37:33 AM

well there no fundamentals to the prediction. OP is correctly identifying the start of a bull trend, but it is not THE trend that would take us to such a high level so soon. I'd be stoked if we get back to the $500-$600 range in the next four months.

You clearly have no idea how quickly and unexpectedly things can change.

I hope you're right and we'll see fantastic unexpected gains.

Hyena

legendary

Activity: 2114

Merit: 1015

Quote from: randy8777 on July 06, 2015, 08:29:03 AM

it's quite funny to see how a very high ranked hero member thinks the impossible will happen within a few months. if you really believe yourself then go all in right now.

Impossible? You clearly don't have a clue what bitcoin is capable of. BTW, I'm all in since 2012. Now there is simply no point for me to buy any more bitcoins because the bitcoins that I could buy today with my monthly salary would be just a drop in the ocean in comparison to the coins I accumulated in 2011 and 2012.

Quote from: jonald_fyookball on July 06, 2015, 08:37:33 AM

well there no fundamentals to the prediction. OP is correctly identifying the start of a bull trend, but it is not THE trend that would take us to such a high level so soon. I'd be stoked if we get back to the $500-$600 range in the next four months.

You clearly have no idea how quickly and unexpectedly things can change.

Quote from: The Bad Guy on July 06, 2015, 08:35:40 AM

not gonna happen for sure mate , there won't be any big pump on Bitcoin price unless we reach the next halving block reward or two . which will be next 2016 and the other one on 2020 or something .

How is the current situation any different from 15th of October 2013 when I made this post? No one was expecting 1200$ bitcoins. People were telling the same shit that we should wait for the next halving and what not.

We have only 6 months left in 2015 and last year I saw 3 dreams:

2014 is the consolidation centre.
150$ is the bottom.
2015 shit hits the fan, bitcoin conquers unbelievable heights.

2014 indeed turned out to be rather conservative in terms of price. This leaves only 6 months for the shit to hit the fan. Something big will happen this year and bitcoin will profit from it. Should we get to the ATH, 4000$ bitcoins are a rather pessimistic prediction.

molecular

donator

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Quote from: The Bad Guy on July 06, 2015, 08:35:40 AM

not gonna happen for sure mate , there won't be any big pump on Bitcoin price unless we reach the next halving block reward or two . which will be next 2016 and the other one on 2020 or something .

Be careful with those bolded words and bitcoin.

I wouldn't rule it out. Depends on exactly what a "big pump" is, too.

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