Statistically speaking bitcoin should cost anywhere between 20$ and 150$ this year because of its history of high volatility - and between 500 and 1000$ within a couple of years if it really becomes a paypal-killer for small transactions.
I try to not have opinions when analyzing stock market or any market, but instead look more at the numbers. Regardless of what happens to the price of BitCoin I will stay long, but if we get a sudden dip of 30-50-80% I will of course buy the dip and add to my investment for the longer term.
Topic: Bitcoin bubble crash @ 100$ Summer of 2013? - page 4. (Read 9216 times)
Yes, and also .. despite what many will have you believe in this forum.... the market doesn't rise and fall "because of charts". Charts don't help you predict future events that alter Bitcoin fundamentals.
There is a fundamental catalyst for all market changes. That catalyst is not "the charts showed a similar pattern before".
There is a fundamental catalyst for all market changes. That catalyst is not "the charts showed a similar pattern before".
BitPirate is a smart fella
Yes, and also .. despite what many will have you believe in this forum.... the market doesn't rise and fall "because of charts". Charts don't help you predict future events that alter Bitcoin fundamentals.
There is a fundamental catalyst for all market changes. That catalyst is not "the charts showed a similar pattern before".
There is a fundamental catalyst for all market changes. That catalyst is not "the charts showed a similar pattern before".
...
Anyways these are numbers pulled out of my ass
As are all the numbers on this board. Anyways these are numbers pulled out of my ass
...
Bitcoin crashed 95% summer of 2011 so I am generous when saying that 80% crash should be enough - and we will be back at 20$.
...
What do you think?
Bitcoin crashed 95% summer of 2011 so I am generous when saying that 80% crash should be enough - and we will be back at 20$.
...
What do you think?
I think you're misunderstanding many things, but primarily the fact that the "parabolic correction" crash in 2011 was from $32 to $17, so 47%. The continued slide to $2 over the next 6 months was because of a massive confidence loss in the ecosystem due to repeated hacks and scams.
It would take REALLY bad news. The recent problems with the fork chain didn't do it.
A gov ban on bitcoin would have some effect, but the recently issued finCEN ruling actually shows that an US ban is not imminent, providing further support for BTC going mainstream.
A gov ban on bitcoin would have some effect, but the recently issued finCEN ruling actually shows that an US ban is not imminent, providing further support for BTC going mainstream.
"War on 'Coin" just doesn't have the same selling power as "War on Drugs" or "War on Terror", somehow.
Also, IMO (and that of some others), even if they could ban Bitcoin, it would only push the price down in the very short term. Banning things often draws more attention to them and makes them a lot more desirable and profitable than if they were legal (drugs).
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I really don't see any good reason it should stop at $100 or thereafter. Maybe a little delay, as we saw at $50. Then up, next stops $200 or $250 (3 weeks), then $500 (somtime in may), then $1000 (during the summer).
If it reaches $1k/BTC before the start of the boreal summer (May/June time), I'm definitely selling. I'll probably buy LTC or gold though before bankster paper.
It will only crash if serious bad news comes in. Otherwise, there is no other way but up with perhaps temporary hickups or horizontal movements allowing the market to catch up with the breakneck speed.
It would take REALLY bad news. The recent problems with the fork chain didn't do it.
A gov ban on bitcoin would have some effect, but the recently issued finCEN ruling actually shows that an US ban is not imminent, providing further support for BTC going mainstream.
I really don't see any good reason it should stop at $100 or thereafter. Maybe a little delay, as we saw at $50. Then up, next stops $200 or $250 (3 weeks), then $500 (somtime in may), then $1000 (during the summer).
It would take REALLY bad news. The recent problems with the fork chain didn't do it.
A gov ban on bitcoin would have some effect, but the recently issued finCEN ruling actually shows that an US ban is not imminent, providing further support for BTC going mainstream.
I really don't see any good reason it should stop at $100 or thereafter. Maybe a little delay, as we saw at $50. Then up, next stops $200 or $250 (3 weeks), then $500 (somtime in may), then $1000 (during the summer).
I think this is remarkably prescient.
It will only crash if serious bad news comes in. Otherwise, there is no other way but up with perhaps temporary hickups or horizontal movements allowing the market to catch up with the breakneck speed.
It would take REALLY bad news. The recent problems with the fork chain didn't do it.
A gov ban on bitcoin would have some effect, but the recently issued finCEN ruling actually shows that an US ban is not imminent, providing further support for BTC going mainstream.
I really don't see any good reason it should stop at $100 or thereafter. Maybe a little delay, as we saw at $50. Then up, next stops $200 or $250 (3 weeks), then $500 (somtime in may), then $1000 (during the summer).
It would take REALLY bad news. The recent problems with the fork chain didn't do it.
A gov ban on bitcoin would have some effect, but the recently issued finCEN ruling actually shows that an US ban is not imminent, providing further support for BTC going mainstream.
I really don't see any good reason it should stop at $100 or thereafter. Maybe a little delay, as we saw at $50. Then up, next stops $200 or $250 (3 weeks), then $500 (somtime in may), then $1000 (during the summer).
Then 10,000 and then 100,000 and so on... Sky is the limit right?
It will only crash if serious bad news comes in. Otherwise, there is no other way but up with perhaps temporary hickups or horizontal movements allowing the market to catch up with the breakneck speed.
It would take REALLY bad news. The recent problems with the fork chain didn't do it.
A gov ban on bitcoin would have some effect, but the recently issued finCEN ruling actually shows that an US ban is not imminent, providing further support for BTC going mainstream.
I really don't see any good reason it should stop at $100 or thereafter. Maybe a little delay, as we saw at $50. Then up, next stops $200 or $250 (3 weeks), then $500 (somtime in may), then $1000 (during the summer).
It would take REALLY bad news. The recent problems with the fork chain didn't do it.
A gov ban on bitcoin would have some effect, but the recently issued finCEN ruling actually shows that an US ban is not imminent, providing further support for BTC going mainstream.
I really don't see any good reason it should stop at $100 or thereafter. Maybe a little delay, as we saw at $50. Then up, next stops $200 or $250 (3 weeks), then $500 (somtime in may), then $1000 (during the summer).
Yep, but we're probably at the ATH right now-ish.
Suggestion for drinking game: Take a shot every time Proudhon uses the word "probably"
We won't get lower than 32$, that support has been tested several times, consider it the new bottom. I think a flash crash may happen, and be stopped by the 50$ support, to then bounce to low $60s.
Anyways these are numbers pulled out of my ass
Anyways these are numbers pulled out of my ass
I think there will be a significant drop when the price hits $100, not permanent or anything below $60 and I don't think it will take long to get back up to/above $100. The price isn't going back below $20, there are too many people waiting for a big price drop so they can buy in, and nobody has the guts or patience to let it drop more than $5-$10 at once before they get excited and buy in causing the price to rocket back up. People with the mentality of "I'm waiting for a huge crash so I can buy BTC at $1!!!" are blind and think they are the only person with this clever plan.
Thats true but this bitcoin rally reminds me of the gold rally of 2011 where Gold reached ATH @ 1921$ / ounce.
At some point the market dont have enough money and psychology to push it higher. 1$ is very unlikely and nothing to hope for - that would mean bitcoin is dying.
But a retracement to 20-30$ seems very likely and is not bearish for the longer term prospects of bitcoin.
If Bitcoin really becomes the no 1 internet payment solution for millions of people it means bitcoin should be worth as much as the money supply of a banana republic.
Maybe something like 10 billion dollars = 500$/BTC.
If history repeats itself Bitcoin might make a parabolic rally up in the sky and make an ATH at 100$ for a day and crash 80% in the summer of 2013.
Bitcoin crashed 95% summer of 2011 so I am generous when saying that 80% crash should be enough - and we will be back at 20$.
The early ASIC-miners got a huge profit now and it seems that they just hord everything they mine, so when they begin to sell the chain reaction will give us a bottom to levels before the 2013-rally started.
What do you think?
Bitcoin crashed 95% summer of 2011 so I am generous when saying that 80% crash should be enough - and we will be back at 20$.
The early ASIC-miners got a huge profit now and it seems that they just hord everything they mine, so when they begin to sell the chain reaction will give us a bottom to levels before the 2013-rally started.
What do you think?
Yep, but we're probably at the ATH right now-ish.
No, no, Proudhon, your ATH was 14.7, remember? Oh, wait...
I think there will be a significant drop when the price hits $100, not permanent or anything below $60 and I don't think it will take long to get back up to/above $100. The price isn't going back below $20, there are too many people waiting for a big price drop so they can buy in, and nobody has the guts or patience to let it drop more than $5-$10 at once before they get excited and buy in causing the price to rocket back up. People with the mentality of "I'm waiting for a huge crash so I can buy BTC at $1!!!" are blind and think they are the only person with this clever plan.
Next week lots of People involved in Cyprus will get in to BTC next week wil be very intresting mark my words on this.... 
quick question, what do you mean "Bitcoin might make a parabolic rally up" might? that ship has sailed
If the bubble bursts in June 2013 it will be way higher than $100. I'd guess $300 but then again I think it's more likely this will be over sooner.
Summer of 2013??? There's a very real possibility of us reaching $100 in a day or two....
Seriously, we're about to break $70.... only 10.1k to go, and when we get through that...
Resistance looks a lot less than when we were at $47.
No chance of an 80% drop right now either, huge buying pressure.
Seriously, we're about to break $70.... only 10.1k to go, and when we get through that...
Resistance looks a lot less than when we were at $47.No chance of an 80% drop right now either, huge buying pressure.
If history repeats itself Bitcoin might make a parabolic rally up in the sky and make an ATH at 100$ for a day and crash 80% in the summer of 2013.
Bitcoin crashed 95% summer of 2011 so I am generous when saying that 80% crash should be enough - and we will be back at 20$.
The early ASIC-miners got a huge profit now and it seems that they just hord everything they mine, so when they begin to sell the chain reaction will give us a bottom to levels before the 2013-rally started.
What do you think?
Bitcoin crashed 95% summer of 2011 so I am generous when saying that 80% crash should be enough - and we will be back at 20$.
The early ASIC-miners got a huge profit now and it seems that they just hord everything they mine, so when they begin to sell the chain reaction will give us a bottom to levels before the 2013-rally started.
What do you think?
Yep, but we're probably at the ATH right now-ish.
If history repeats itself Bitcoin might make a parabolic rally up in the sky and make an ATH at 100$ for a day and crash 80% in the summer of 2013.
Bitcoin crashed 95% summer of 2011 so I am generous when saying that 80% crash should be enough - and we will be back at 20$.
The early ASIC-miners got a huge profit now and it seems that they just hord everything they mine, so when they begin to sell the chain reaction will give us a bottom to levels before the 2013-rally started.
What do you think?
Get back in your cave! Bitcoin crashed 95% summer of 2011 so I am generous when saying that 80% crash should be enough - and we will be back at 20$.
The early ASIC-miners got a huge profit now and it seems that they just hord everything they mine, so when they begin to sell the chain reaction will give us a bottom to levels before the 2013-rally started.
What do you think?
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