Bitcoin might rise $1000 unexpectedly soon - page 4.

qwertyGuy

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Quote from: ?? on ??

Quote from: tutkarz on October 23, 2013, 06:45:24 AM

what if whales are afraid now to dump bitcoins because other exchanges may not follow and they will have to buy back for higher price a while later?

Whales are not going to dump anything before 2017-2020. For now it is mostly guppies are running around and making all the noise.

Whales do not hold coins long term. They use the coins to manipulate price.

zachcope

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Quote from: ?? on ??

Quote from: Gordonium on October 23, 2013, 01:27:15 PM

Quote from: dexX7 on October 23, 2013, 01:24:55 PM

Quote from: Gordonium on October 23, 2013, 09:15:25 AM

Just out of curiosity. Vladimir, how much do you think that price will be in 2020?

For several reasons I doubt you are able to messure BTC in USD in 2020, so I think you need to redefine your question. Cheesy

What I meant was in todays purchasing power of dollars.

dexX7 is probably right and I suppose we here saying USD in future tense usually mean "today's USD".

I do not know the answer to Gordonium's question. I, however, expect that there will be supply shocks around 2017 and 2020. See https://en.bitcoin.it/wiki/Controlled_supply and specifically new coin emission dropping from 9% and 4% and from ~4% to ~2%.

There is also upcoming supply shock, which will happens much sooner when current 3-5% a day difficulty growth drop to 0% or less which will also mean supply of new coins dropping by about 40%. Of course, this is only about new coin supply. There is also old coin/hoard supply and demand parts of the equation that also affect the price.

But if you want a number, I would say/speculate ~100 000$ per BTC in 2017 and closer to 1 000 000$ per BTC in 2020.

Love it Vlad - true bitcoin believer and legend! Count me in on that prediction woohoo buy and hold baybee!

tonto

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Well I hope it does rise to $1000, 'cause I need to buy a generator and a set of Dan Wesson revolvers. And my 5 coins aren't doing shit for me right now. So climb climb climb!!

Gordonium

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Quote from: dexX7 on October 23, 2013, 01:24:55 PM

Quote from: Gordonium on October 23, 2013, 09:15:25 AM

Just out of curiosity. Vladimir, how much do you think that price will be in 2020?

For several reasons I doubt you are able to messure BTC in USD in 2020, so I think you need to redefine your question. Cheesy

What I meant was in todays purchasing power of dollars.

dexX7

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Quote from: Gordonium on October 23, 2013, 09:15:25 AM

Just out of curiosity. Vladimir, how much do you think that price will be in 2020?

For several reasons I doubt you are able to messure BTC in USD in 2020, so I think you need to redefine your question. Cheesy

Gordonium

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Activity: 392

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Quote from: ?? on ??

Whales are not going to dump anything before 2017-2020. For now it is mostly guppies are running around and making all the noise.

Ohh and 1000$ is not unexpected at all.

Just out of curiosity. Vladimir, how much do you think that price will be in 2020?

tutkarz

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what if whales are afraid now to dump bitcoins because other exchanges may not follow and they will have to buy back for higher price a while later?

somestranger

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Are You Shpongled?

There's no way that's going to happen unless "unexpectedly soon" is months from now.

ImI

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Quote from: MAbtc on October 22, 2013, 05:13:52 PM

Quote from: vokain on October 22, 2013, 05:04:21 PM

Quote from: samson on October 22, 2013, 03:44:49 PM

The first person to market dump 5000 BTC is the winner

getting trickier since the exchange volume is much more distributed now

Gox and Bitstamp still follow one another, and BTC-E still follows them. I think it's possible that we may see a decoupling from the Chinese exchanges, based on future price action. No doubt that western traders are unwilling to follow the Chinese exchanges at the rate at which they have risen recently.

Following exchanges isnt something that any trader has decided to follow or not to follow. Price Gap-> Arbitrage-gains -> closing the Price Gap.

MAbtc

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Quote from: vokain on October 22, 2013, 05:04:21 PM

Quote from: samson on October 22, 2013, 03:44:49 PM

The first person to market dump 5000 BTC is the winner

getting trickier since the exchange volume is much more distributed now

Gox and Bitstamp still follow one another, and BTC-E still follows them. I think it's possible that we may see a decoupling from the Chinese exchanges, based on future price action. No doubt that western traders are unwilling to follow the Chinese exchanges at the rate at which they have risen recently.

PrintMule

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FREE $50 BONUS - STAKE - [click signature]

Quote from: Gordonium on October 22, 2013, 03:01:23 AM

We'll see.

It look's like a bubble is running out of air a little bit. It would be much more important to guess how FAST/SLOW will it go down, and to which mark. Plan ahead.

vokain

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Quote from: samson on October 22, 2013, 03:44:49 PM

The first person to market dump 5000 BTC is the winner

getting trickier since the exchange volume is much more distributed now

samson

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The first person to market dump 5000 BTC is the winner

Ashitank

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Did you see this in your dream if not , then no go ! Cheesy

600watt

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Quote from: xDan on October 22, 2013, 06:55:32 AM

The punchline is that also, it may not.

yeah, may be not today. agreed.

xDan

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ヽ( ㅇㅅㅇ)ﾉ ~!!

The punchline is that also, it may not.

600watt

legendary

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i hope we have enough time left to get this one going:

https://bitcointalksearch.org/topic/m.3055867

b!z

legendary

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Thanks for the tip, I will wait and see if that ever happens.

Zangelbert Bingledack

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OK, but don't be the guy who chickens out and sells when the price crashes 80% on its way there, because that kind of rise will be gut-wrenchingly volatile.

Buffer Overflow

legendary

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Well you just told us about it so it's now not unexpected.

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