Topic: BTC has been overpriced all along? Will stabilize around 200-400? - page 2. (Read 2775 times)
February 17, 2014, 02:48:46 PM
Will stabilize around 30-40 usd
February 16, 2014, 08:57:45 PM
The waters are muddied not just because of alt coins, but because there are derivative coins dividing the market. If they are what they claim to be, then they will allow Bitcoin to once again surge upward. If they turn out to be pre-mined centralized coins and not decentralized open sourced coins, then they may set faith in Bitcoin back a step. If we see some real innovation that is useful for large business to adapt, then expect another bubble. Innovation is the key to adoption. Right now the price is where it needs to be.
Not always true.
A buzz or speculative interest or mania can be a key to adoption. But then again what is true adoption defined as?
February 16, 2014, 08:56:47 PM
Get ready for the next rocket to likely happen between mid May and the end of July 2014.
February 16, 2014, 07:58:05 PM
The waters are muddied not just because of alt coins, but because there are derivative coins dividing the market. If they are what they claim to be, then they will allow Bitcoin to once again surge upward. If they turn out to be pre-mined centralized coins and not decentralized open sourced coins, then they may set faith in Bitcoin back a step. If we see some real innovation that is useful for large business to adapt, then expect another bubble. Innovation is the key to adoption. Right now the price is where it needs to be.
February 16, 2014, 07:41:43 PM
The actual "bottoms" are only hit for a matter of days. It is the level 50% above the bottom that becomes "stable" sometimes. But I don't call that the "bottom" anymore.
Instead of 50%, we can perhaps agree on the area slightly above the bottom becomes stable.
Like I say, $63 and $70 is just not comparable in market terms to $630 and $700.
February 16, 2014, 07:22:53 PM
$1200 is only underpriced for those that bought there, and those that wish they sold there.
1200 dollar is cheap next year, everyone dreams of 1200 dollar coins
February 16, 2014, 07:21:20 PM
The actual "bottoms" are only hit for a matter of days. It is the level 50% above the bottom that becomes "stable" sometimes. But I don't call that the "bottom" anymore.
February 16, 2014, 07:16:53 PM
I see that in november, 2 was touched twice, briefly for 1-3 days, and there was a range of trading between 2.5 and 3.5 that lasted for 2 months before shooting back up.
In July 2013, it touched the 66 area for 3 days before shooting up to 100, and beginning a gradual incline. 1 month was spent between the 90 and 110 area.
None of this sounds like 'stability'.
The only time btc was ever really stable was when it was at $5 for 3 months.
In July 2013, it touched the 66 area for 3 days before shooting up to 100, and beginning a gradual incline. 1 month was spent between the 90 and 110 area.
None of this sounds like 'stability'.
The only time btc was ever really stable was when it was at $5 for 3 months.
But as bottoms go in Bitcoin terms, they were fairly stable. Much more stable than the tops have ever been and stable enough that they seem made out of granite compared with the recent spikes down to $540, which for me, are clearly not the end of the bear market, but are rather showing up pockets of unrealistic enduring positivity under an increasingly darkening cloud of negative sentiment, which will eventually be stamped out.
February 16, 2014, 07:12:23 PM
btc doesn't stabilize on a low. it bounces off of a low and then stabilizes at higher level.
Not in November 2011.
Not in July 2013.
In July 2013, it touched the 66 area for 3 days before shooting up to 100, and beginning a gradual incline. 1 month was spent between the 90 and 110 area.
None of this sounds like 'stability'.
The only time btc was ever really stable was when it was at $5 for 3 months.
February 16, 2014, 07:11:20 PM
btc doesn't stabilize on a low. it bounces off of a low and then stabilizes at higher level.
Not in November 2011.
Not in July 2013.
In July 2013, I can see 7 seperate days when Bitcoin could have been had for less than $70
In November 2011, there are about 10 days when Bitcoin could have been bought for less than $3, and about a whole month when they were less than $3.50.
The argument that $70 and $63 can be compared with $700 and $630 or $2 and $3.50 compared with $200 and $350, is a fasicious one. If you don't think so, then get over to Max coin where the price has quintupled in the last couple of days or whatever, from 0.001 btc to 0.0045.
February 16, 2014, 07:08:30 PM
It has always been at exactly the right price - a numeric expression of the level of public wishful thinking about BTC's future potential. When the wishful thinking decreases the price decreases and when it increases the price increases.
February 16, 2014, 07:08:20 PM
In my mind btc = gold
February 16, 2014, 07:06:14 PM
btc doesn't stabilize on a low. it bounces off of a low and then stabilizes at higher level.
Not in November 2011.
Not in July 2013.
February 16, 2014, 07:04:48 PM
btc doesn't stabilize on a low. it bounces off of a low and then stabilizes at higher level.
Not in November 2011.
Not in July 2013.
February 16, 2014, 07:01:52 PM
btc doesn't stabilize on a low. it bounces off of a low and then stabilizes at higher level.
February 16, 2014, 07:01:08 PM
Look everyone, it's SuperJimbo!
(bitcoin costs $600).
Calling the Bitcoin bottom all the way down since 2014!
Lets go and have a look through his post history shall we....see what he was saying about Bitcoin last week, and the week before that, and the week before that, etc..
$1200 Bitcoins..
are not overpriced!
are not overpriced!
(bitcoin costs $600).
Calling the Bitcoin bottom all the way down since 2014!
Lets go and have a look through his post history shall we....see what he was saying about Bitcoin last week, and the week before that, and the week before that, etc..
February 16, 2014, 06:53:13 PM
I look any number below $500 underpiced and would buy coins if have spare funds.
February 16, 2014, 06:45:12 PM
$1200 is only underpriced for those that bought there, and those that wish they sold there.
There are many who bought at double-digit (or lower) prices who don't consider $1200 to be overpriced.
I think most would consider $200-$400 to be underpriced though.
February 16, 2014, 06:39:13 PM
$1200 is only underpriced for those that bought there, and those that wish they sold there.
February 16, 2014, 06:13:43 PM
It doesn't look like anyone on any of the real exchanges agrees with you. However, if you have some bitcoins you'd like to sell me for $200 dollars, I'd be keen 
yes i will take that too for 100$ until OP wake up from his dream. Jump to: