BTC will reach $130 and it will stabilize.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: Its About Sharing on June 03, 2013, 05:47:07 AM

Thanks for that link! I was searching and couldn't find one.
Do I have the conversion right? If I think XRP is overvalued, then an exchange rate of 50,000 per BTC would be much worse than the current 6-7,000? The chart is backwards then relative to the real value as the higher up the ratio price is, the less value XRP has to BTC?

6000 XRP/BTC is good if you hold XRP, 50000 XRP/BTC is good if you hold BTC.

There is also a button to reverse the graph if you prefer Wink

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Lohoris on June 03, 2013, 03:18:19 AM

Quote from: Its About Sharing on June 02, 2013, 03:48:13 PM

Quote from: Jakewell on June 02, 2013, 02:02:07 PM

Quote from: Its About Sharing on June 02, 2013, 01:37:57 PM

Quote from: Jakewell on June 02, 2013, 01:00:52 PM

Well all had seen how my last prediction got correctly.. (in general terms).. (by stabilization i meant it would be around 130 by at least a week)

Here is the next one. This time with more details

Ripples will be around 6k 7k for some days (maybe 2 weeks or less) before reaching 4k per bitcoin.

There are BILLIONS AND BILLIONS of Ripples. They will hit pennies before they get anywhere near what you are saying.

K= thousands, that means 4,000 ripples per bitcoin.

And they hit pennies already 55 ripples for 1 USD is the current rate...

cheers.

Ahh, thanks for clearing that up. If I had known the current exchange rate I would have figured that out. Grin

Anyway, I think ripples will go for like 50,000 per BTC. There are too many of them in too few hands - BILLIONS woth. It is insane the market cap that they have...

https://ripplecharts.com/market/BTC:Bitstamp/XRP

Thanks for that link! I was searching and couldn't find one.
Do I have the conversion right? If I think XRP is overvalued, then an exchange rate of 50,000 per BTC would be much worse than the current 6-7,000? The chart is backwards then relative to the real value as the higher up the ratio price is, the less value XRP has to BTC?

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: Its About Sharing on June 02, 2013, 03:48:13 PM

Quote from: Jakewell on June 02, 2013, 02:02:07 PM

Quote from: Its About Sharing on June 02, 2013, 01:37:57 PM

Quote from: Jakewell on June 02, 2013, 01:00:52 PM

Well all had seen how my last prediction got correctly.. (in general terms).. (by stabilization i meant it would be around 130 by at least a week)

Here is the next one. This time with more details

Ripples will be around 6k 7k for some days (maybe 2 weeks or less) before reaching 4k per bitcoin.

There are BILLIONS AND BILLIONS of Ripples. They will hit pennies before they get anywhere near what you are saying.

K= thousands, that means 4,000 ripples per bitcoin.

And they hit pennies already 55 ripples for 1 USD is the current rate...

cheers.

Ahh, thanks for clearing that up. If I had known the current exchange rate I would have figured that out. Grin

Anyway, I think ripples will go for like 50,000 per BTC. There are too many of them in too few hands - BILLIONS woth. It is insane the market cap that they have...

https://ripplecharts.com/market/BTC:Bitstamp/XRP

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Jakewell on June 02, 2013, 02:02:07 PM

Quote from: Its About Sharing on June 02, 2013, 01:37:57 PM

Quote from: Jakewell on June 02, 2013, 01:00:52 PM

Well all had seen how my last prediction got correctly.. (in general terms).. (by stabilization i meant it would be around 130 by at least a week)

Here is the next one. This time with more details

Ripples will be around 6k 7k for some days (maybe 2 weeks or less) before reaching 4k per bitcoin.

There are BILLIONS AND BILLIONS of Ripples. They will hit pennies before they get anywhere near what you are saying.

K= thousands, that means 4,000 ripples per bitcoin.

And they hit pennies already 55 ripples for 1 USD is the current rate...

cheers.

Ahh, thanks for clearing that up. If I had known the current exchange rate I would have figured that out. Grin

Anyway, I think ripples will go for like 50,000 per BTC. There are too many of them in too few hands - BILLIONS woth. It is insane the market cap that they have...

Jakewell

newbie

Activity: 56

Merit: 0

Quote from: Its About Sharing on June 02, 2013, 01:37:57 PM

Quote from: Jakewell on June 02, 2013, 01:00:52 PM

Well all had seen how my last prediction got correctly.. (in general terms).. (by stabilization i meant it would be around 130 by at least a week)

Here is the next one. This time with more details

Ripples will be around 6k 7k for some days (maybe 2 weeks or less) before reaching 4k per bitcoin.

There are BILLIONS AND BILLIONS of Ripples. They will hit pennies before they get anywhere near what you are saying.

K= thousands, that means 4,000 ripples per bitcoin.

And they hit pennies already 55 ripples for 1 USD is the current rate...

cheers.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Jakewell on June 02, 2013, 01:00:52 PM

Well all had seen how my last prediction got correctly.. (in general terms).. (by stabilization i meant it would be around 130 by at least a week)

Here is the next one. This time with more details

Ripples will be around 6k 7k for some days (maybe 2 weeks or less) before reaching 4k per bitcoin.

There are BILLIONS AND BILLIONS of Ripples. They will hit pennies before they get anywhere near what you are saying.

Jakewell

newbie

Activity: 56

Merit: 0

Well all had seen how my last prediction got correctly.. (in general terms).. (by stabilization i meant it would be around 130 by at least a week)

Here is the next one. This time with more details

Ripples will be around 6k 7k for some days (maybe 2 weeks or less) before reaching 4k per bitcoin.

virtualmaster

hero member

Activity: 504

Merit: 500

It depends on what is stabilized. To maintain at a constant price I think it is impossible.
But to maintain a constant price rising of 100-200%/year could be possible.

Zaih

hero member

Activity: 504

Merit: 500

At least he was right on a bit of stabilization (For now..) Cheesy

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Another fail prediction. Maybe you shorten your forecast to within the next 4 or 5 hours? Cheesy

Zaih

hero member

Activity: 504

Merit: 500

Sounds good to me. Go Bitcoin! Roll Eyes

Jaroslaw

member

Activity: 84

Merit: 10

supernode

So wheres your 130$ now ? Cheesy

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

Quote from: dataphile on May 17, 2013, 09:53:55 PM

Quote from: michaelGedi on May 17, 2013, 07:45:59 PM

so yeah, the price might change at some point...

That is a bold statement. Do you have TA to back it?

sure, been working hard on this model...

Pzi4nk

member

Activity: 70

Merit: 10

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

Quote from: Kaiji on May 18, 2013, 01:56:59 AM

There are only 2 obstacles to this. First there is no easy way to buy bitcoins online. Second there is not yet many popular online market places that use bitcoins other than SR. If people can buy all their online needs with bitcoins they will prefer to do so. [emphasis added by Pzi4nk]

I think this is right on the money and a huge factor in opening bitcoin to mass acceptance.

When I started investigating bitcoin it was confusing. In fact, I looked into it in late 2009 but couldn't see the vision. When I recently came back to it I saw what it could be but it was painful getting it set up.

Forget about my parents, my wife would never go through the hassle. I'm convinced most people won't adopt bitcoin until it's as easy as PayPal. When it's just another option at checkout and you can sign up on the spot the masses will start using it.

phatsphere

hero member

Activity: 763

Merit: 500

there are no long and slow slides upwards. idealistically, it's like: $.1 per week, next wee $.2, then $.4, $.8, … then maybe 2, 5, 10, … kaboom. the only question is, if sometimes during that buildup a downward correction happens.

Pzi4nk

member

Activity: 70

Merit: 10

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

I have a different take on the $260 peak. Yes, it was a bubble as it turned out and many people got stuck holding bitcoin they bought at inflated prices. This may have soured some who were late coming to the game.

But psychologically it's a huge benefit that we've already been to $260. Now it seems reachable. If you'd asked people in January if bitcoin was going to be above $250 at anytime in 2013 not many people would have made that bet.

Now it's in sight. Now it's someplace we've already been we just need to approach it more cautiously, gradually, sustainably.

I think having been there once it's more likely to return quickly.

wamatt

member

Activity: 85

Merit: 10

Quote from: Kaiji on May 18, 2013, 01:56:59 AM

Everytime there is price increase all the people who bought before the bubble at inflated prices try to recoup their losses by selling.

I used to think this, and it's a seems to be fairly logical conclusion on the surface. However, upon further reflection, it could be that those speculators rushing into the bubble were inherently greedy.

If that's the case, that would mean they are probably not the overly risk adverse type. Thus when the price starts to going up again they could be thinking to themselves: "Why sell out today when I can sell out 20% higher tomorrow?" Wink

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: DrG on May 18, 2013, 02:41:01 AM

Quote from: Kaiji on May 18, 2013, 01:56:59 AM

Its going to take a while to reach $200+ prices again since everytime there is price increase all the people who bought before the bubble at inflated prices try to recoup their losses by selling.

Despite all the news coverage bitcoin has gotten lately, the word hasn't gotten out that there is an ridiculously easy way to send money over the net. Once the masses pick up on this everyone is going to follow each other like lemmings and prices could easily reach $500-$1000.
There are only 2 obstacles to this. First there is no easy way to buy bitcoins online. Second there is not yet many popular online market places that use bitcoins other than SR. If people can buy all their online needs with bitcoins they will prefer to do so.

I concur. Every lame media piece on the news focused on the frenzy and crash - some even neglected to state that BTC can be used by a regular person to send money. They focused on lack of government oversight and anonymity and drugs. Once people start to realize that this is a viable option then it will go past 300. But they won't realize it as viable if the price swings 20% every day. Catch 22 I suppose.

Once enough people realize it will already be really profitable and we will all already have

XD

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: Kaiji on May 18, 2013, 01:56:59 AM

Its going to take a while to reach $200+ prices again since everytime there is price increase all the people who bought before the bubble at inflated prices try to recoup their losses by selling.

Despite all the news coverage bitcoin has gotten lately, the word hasn't gotten out that there is an ridiculously easy way to send money over the net. Once the masses pick up on this everyone is going to follow each other like lemmings and prices could easily reach $500-$1000.
There are only 2 obstacles to this. First there is no easy way to buy bitcoins online. Second there is not yet many popular online market places that use bitcoins other than SR. If people can buy all their online needs with bitcoins they will prefer to do so.

I concur. Every lame media piece on the news focused on the frenzy and crash - some even neglected to state that BTC can be used by a regular person to send money. They focused on lack of government oversight and anonymity and drugs. Once people start to realize that this is a viable option then it will go past 300. But they won't realize it as viable if the price swings 20% every day. Catch 22 I suppose.

Kaiji

full member

Activity: 140

Merit: 100

Hoist the Colours

Its going to take a while to reach $200+ prices again since everytime there is price increase all the people who bought before the bubble at inflated prices try to recoup their losses by selling.

Despite all the news coverage bitcoin has gotten lately, the word hasn't gotten out that there is an ridiculously easy way to send money over the net. Once the masses pick up on this everyone is going to follow each other like lemmings and prices could easily reach $500-$1000.
There are only 2 obstacles to this. First there is no easy way to buy bitcoins online. Second there is not yet many popular online market places that use bitcoins other than SR. If people can buy all their online needs with bitcoins they will prefer to do so.

Topic: BTC will reach $130 and it will stabilize. (Read 4405 times)