When and how did this happen?
Topic: Bitcoin will never reach $20 again - page 5. (Read 40347 times)
Bitcoin came to $20?
When and how did this happen?
When and how did this happen?
This can be a possible scenario, if the new exchange launches before 2016 with gemini adding more volume to the space.
But it takes more then just creating a exchange, there needs to be new source of volume of buyers outside from the existing ones. Unless they someone how bring a couple new whales take chances on their exchange.
Oh i guarantee you the gemini will bring alot of new guys into the game, i mean a regulated exchange is like honey to the wallstreet whales.
I think alot of whales will come, perhaps not all of them are buyers, maybe some market manipulation will happen too, but the bigger the volume, the more safe the currency becomes and then alteast merchants will be more willing to use it.
It all ties in, and the bitcoin economy will grow.
Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! Haha too true. We've all made bad predictions though. I remember mocking bears & saying we wouldn't go below 300 USD around January 2015. I ended up looking like an idiot. Hopefully things start to pick up soon because the current price is pretty depressing imo.
By december i think price will be around 600$, the financial crash of september is pretty predictable, alot of theories come out that support that.
If it hits then it will reach 600 or even more, who knows! But i`m confident that bitcoin is on the right path!
This can be a possible scenario, if the new exchange launches before 2016 with gemini adding more volume to the space.
But it takes more then just creating a exchange, there needs to be new source of volume of buyers outside from the existing ones. Unless they someone how bring a couple new whales take chances on their exchange.
but we are entering the second year of bear market, things never looked so dull in all past bitcoin story
This is a very long term race. Look at any all time graph of a successful asset. The price will show initial pumps with lowtrends that can last years until it starts climbing up back again reaching never before seen prices. The thing is, MOST people will be panic buying in the meantime, the winners at the top of the mountain are only a few, this is a law of life that always repeat itself, just like the super early investors can only be a few. Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! Haha too true. We've all made bad predictions though. I remember mocking bears & saying we wouldn't go below 300 USD around January 2015. I ended up looking like an idiot. Hopefully things start to pick up soon because the current price is pretty depressing imo.
By december i think price will be around 600$, the financial crash of september is pretty predictable, alot of theories come out that support that.
If it hits then it will reach 600 or even more, who knows! But i`m confident that bitcoin is on the right path!
Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! Haha too true. We've all made bad predictions though. I remember mocking bears & saying we wouldn't go below 300 USD around January 2015. I ended up looking like an idiot. Hopefully things start to pick up soon because the current price is pretty depressing imo.
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! I hope the ebook he is promoting in his sig is more insightful than this post was. ...
I dunno, it was a pretty good post. He seems to have timed it perfectly: after his post there were 18 months where BTC stagnated. It wasn't until February 2013 before there was any upside on July 2011.
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
Ironically, it is true that bitcoin will never reach $20 again! Albeit for the opposite reason the OP intended! I hope the ebook he is promoting in his sig is more insightful than this post was. ...
Ouch, when I first see this thread, I think of it saying 'Bitcoin will not DROP below $20 again', and it makes sense. However it is just an old thread... Anyway, these old threads stating BTC price was low are legends.
but we are entering the second year of bear market, things never looked so dull in all past bitcoin story
Lol....thread from 2011 saying bitcoin will never reach $20 Again...$267 now. Pretty funny.
$1100 in 2013 is even more funny.
Lol....thread from 2011 saying bitcoin will never reach $20 Again...$267 now. Pretty funny.
Daily reminder for the panic selling idiots. You = OP in the future if you panic sell. That's how it goes. Don't say later not enough people warned you.
You don't need a Tardis... (and I should know) make a Paper BTC Wallet, drop BTC 1.01 into it and put in a safe place.
Right now (6/8/2015) http://preev.com/ says $300 USD is = BTC 1.054
(The 0.01 is to cover transaction fees later BTW)
EDIT: My Paper Wallet: 1AZnM7fZ585Vr6p68vwCJMPoQt7662R2Mo (It's a work in progress) **Rattle** *Rattle** 
Right now (6/8/2015) http://preev.com/ says $300 USD is = BTC 1.054
(The 0.01 is to cover transaction fees later BTW)
EDIT: My Paper Wallet: 1AZnM7fZ585Vr6p68vwCJMPoQt7662R2Mo (It's a work in progress)
**Rattle** *Rattle** 
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
You were wrong lol.
damn where have the days of double digits gone lol 
but the days of 4 digits may hit us soon with the current floor being reached 
but the days of 4 digits may hit us soon with the current floor being reached Its gone forever.
The days of double digits wont ever be back. Its the road as you mentioned with 4 digits eventually hopfully soon. But I like to see measurable realsitic price points which at max I think bitcoin can go to 400 at most. Unless there is a overwhelming growth from somewhere.
You have to be fair, IF OP bought back later that year he definately didn't do bad, I didn't read the whole thread tho
Chart from june 2011 to december 2011:
Chart from june 2011 to december 2011:
And if HOLD even if he didn't sell on the 2013 peak, he would still have a shitton of purchasing power.
And if he holds for 5 more years, he'll be on a winning position again (even if he doesn't sell in the midst of future bubbles).
you gotta understand all those mt.gox deposits were paying another customers pocket.
and he acted more of a higher scale of a ponzi until he couldnt match the other deposits since he paid himself on getting a "car". so all that information on TA with that exchange is all garbage.
bump
Well played sir. OP can now start a thread
Bitcoin will never reach$20 $200 again
Well played sir. OP can now start a thread
Bitcoin will never reach
are you sure man?
It always has a habit of going 300ish then going back down to high 200ish, then lowers it self to mid 200ish.
And this is a frame of 2 months of me checking it one time per week. lolll
Just found this thread and seems like it's a good time to bump it again. Let's learn our lesson here. farting_shot will be OP in the future, including the account being abandoned to not face the shame.
damn where have the days of double digits gone lol but the days of 4 digits may hit us soon with the current floor being reached
but the days of 4 digits may hit us soon with the current floor being reached how do you know the floor is reached? just because it is going up a few bucks? we're struggling to stay above $300 and you think soon we'll see +$1000 sounds more like a fantasy to me.
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