Blog post- Bitcoin could "Spike" 200% in a 24-hour period?

FCTaiChi

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Quote from: keewee on May 14, 2013, 03:30:01 AM

Quote from: FCTaiChi on May 14, 2013, 01:00:01 AM

It's fun to throw out prophecy now and then, eventually you can be right and hailed as an expert

I notice he has another post titled "Prepare for the Bitcoin doldrums" where he says:

Quote

I would like to make a prediction that we are about to enter another period of intolerable calm in the world of Bitcoin (it won’t be the first); that the wind responsible for blowing the virtual currency ship to new heights this year has eased, and that our ship has slowed, edging forth hopefully, but helplessly.

He made this prediction on May 4th, just before we entered this period of relative calm. Maybe he has predictive skillz Cool

I didn't intend to criticize the powers of the OP! Many people see and know things I don't

Pzi4nk

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Move over clarinets, I'm getting on the band wagon

Quote from: Lore on May 14, 2013, 08:34:06 AM

Quote from: GigaCoin on May 14, 2013, 12:49:02 AM

Whats so hard about getting your money on gox I never understood why people complain about it. Just do a wire, wait max 4 days and it Will reach your account, sometimes email them on fourth day their support takes care of it. They accept all major currencies, can't get any easier than this.

Btce on the under hand sucks for deposits.

With Dwolla it's even easier. Direct deposit to Dwolla from a credit union is free but takes the equivalent time of a check to clear. Then transfer to MtGox for 25 cents in 24 hours.

I thought that too until I tried to open a Dwolla account. The security requirements are ridiculous. It's harder to get an account there than a top secret security clearance.

Lore

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Quote from: GigaCoin on May 14, 2013, 12:49:02 AM

Whats so hard about getting your money on gox I never understood why people complain about it. Just do a wire, wait max 4 days and it Will reach your account, sometimes email them on fourth day their support takes care of it. They accept all major currencies, can't get any easier than this.

Btce on the under hand sucks for deposits.

With Dwolla it's even easier. Direct deposit to Dwolla from a credit union is free but takes the equivalent time of a check to clear. Then transfer to MtGox for 25 cents in 24 hours.

lysr

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It could happen does not imply it will/should happen.
The price could go down to $0.1 in a day too, it is a possibility. It does not mean it will/should happen in the foreseeable future.

keewee

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Quote from: FCTaiChi on May 14, 2013, 01:00:01 AM

It's fun to throw out prophecy now and then, eventually you can be right and hailed as an expert

I notice he has another post titled "Prepare for the Bitcoin doldrums" where he says:

Quote

I would like to make a prediction that we are about to enter another period of intolerable calm in the world of Bitcoin (it won’t be the first); that the wind responsible for blowing the virtual currency ship to new heights this year has eased, and that our ship has slowed, edging forth hopefully, but helplessly.

He made this prediction on May 4th, just before we entered this period of relative calm. Maybe he has predictive skillz Cool

Zaih

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I am skeptical, but bloody oath, I'm more than happy for this to happen Cool

FCTaiChi

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sounds good to me.

BitChick

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Quote from: FCTaiChi on May 14, 2013, 01:00:01 AM

It's fun to throw out prophecy now and then, eventually you can be right and hailed as an expert

It would be so nice if I was right but I can't say I believe it myself. Of course if it does happen I knew it all along! Grin

FCTaiChi

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decentralizedhashing.com

It's fun to throw out prophecy now and then, eventually you can be right and hailed as an expert

BitChick

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Quote from: GigaCoin on May 14, 2013, 12:49:02 AM

Whats so hard about getting your money on gox I never understood why people complain about it. Just do a wire, wait max 4 days and it Will reach your account, sometimes email them on fourth day their support takes care of it. They accept all major currencies, can't get any easier than this.
Btce on the under hand sucks for deposits.

Well, I had trouble wiring the money the first time to Mt. Gox. The people at my local store did not know what they were doing. It took thirty minutes for them to figure it out. Also, 4 days? I am assuming you are being sarcastic? I miss Bitfloor. It was actually easier to transfer money into their account. It would usually show up in 15 minutes. Of course, they are holding a small amount of it now still that I may never see since they closed. Embarrassed

Sigh. AND that is why we are in desperate need of better exchanges that are reliable, and easy for the average person to use.

GigaCoin

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Giga

Quote from: BitChick on May 13, 2013, 12:37:05 PM

Quote from: joulesbeef on May 13, 2013, 12:33:55 PM

yes I think things will change when people can more easily buy bitcoins, for sure, but we have to do something about the hacker problem and we need more exchanges.

I don't think it is that easy to get money into MtGox, or any other trading platform, for that matter yet either. I think once that becomes simplified it will be just a matter of time before there is a huge "Spike" with no return like the author predicts. I am just not sure how close we are to that yet. It is fun to think about though.

Whats so hard about getting your money on gox I never understood why people complain about it. Just do a wire, wait max 4 days and it Will reach your account, sometimes email them on fourth day their support takes care of it. They accept all major currencies, can't get any easier than this.

Btce on the under hand sucks for deposits.

torba

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BitChick

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Quote from: smoothie on May 13, 2013, 01:59:14 PM

i'm going to start a blog saying price will go to $300 tomorrow and then $3 the next day.

You will believe it!

Start pumping now Tongue

Hey, I am not saying I believe it. I am saying it is "Interesting" and I would not mind if it did. That is all. believe me, I am pretty pessimistic / bearish about BTC these days. It is hard not to be with the price doing very little. Stability is not necessarily a bad thing but I shamelessly am involved in BTC primarily for the fact that it has huge long term potential so fight inflation and give me some great returns on my investment. It is nice to read that there are some hopeful and positive things that could really increase the price in the future.

smoothie

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i'm going to start a blog saying price will go to $300 tomorrow and then $3 the next day.

You will believe it!

Start pumping now Tongue

Coinseeker

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SMH

I read it in a blog, it must be true. Roll Eyes

yokosan

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I think this displays a fundamental misunderstanding of the state of affairs.

The writer needs to define "Bitcoin", in that the price could spike 1000% on 1 exchange, but if it's a small one that only 3 people use it means nothing.

I assume he means that it will spike on all major exchanges? In which case things get interesting because for example if an "event" occurs that sends thousands flooding to Bitcoin in the USA, it will take time for those in China to react.

On that note I'm actually hoping for a chinese altcoin to spring up for another bandwagon to jump onto. It's pretty much an inevitability that one will come along at some point...

BitChick

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Quote from: lexico on May 13, 2013, 12:58:21 PM

bitcoin.de is very simple, since it only uses bankaccounts directly so no need to send money to them. only in europe though.
I dont like that mtgox acts like a bank and 'saves' my money (and sometimes refuses to give it back, so I heard).

Glad to hear that some exchanges are better then Mtgox.

We still are in need of better ones here in the US and more stable and secure ones too. Hopefully that will come soon.

lexico

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Quote from: BitChick on May 13, 2013, 12:37:05 PM

I don't think it is that easy to get money into MtGox, or any other trading platform, for that matter yet either. I think once that becomes simplified it will be just a matter of time before there is a huge "Spike" with no return like the author predicts. I am just not sure how close we are to that yet. It is fun to think about though.

bitcoin.de is very simple, since it only uses bankaccounts directly so no need to send money to them. only in europe though.
I dont like that mtgox acts like a bank and 'saves' my money (and sometimes refuses to give it back, so I heard).

Dalib

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We could not even get over $ 120. A few of these "guaranteed" report does talk about, the seller cancels bids below 130, who has the dollars, buy Bitcoin for 120 and rally can begin .... Grin

BitChick

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Quote from: joulesbeef on May 13, 2013, 12:33:55 PM

yes I think things will change when people can more easily buy bitcoins, for sure, but we have to do something about the hacker problem and we need more exchanges.

I don't think it is that easy to get money into MtGox, or any other trading platform, for that matter yet either. I think once that becomes simplified it will be just a matter of time before there is a huge "Spike" with no return like the author predicts. I am just not sure how close we are to that yet. It is fun to think about though.

Topic: Blog post- Bitcoin could "Spike" 200% in a 24-hour period? (Read 2582 times)