so yeah, the price might change at some point...
That is a bold statement. Do you have TA to back it?
Topic: BTC will reach $130 and it will stabilize. - page 2. (Read 4404 times)
That is a bold statement. Do you have TA to back it?
Hard to say where the price is going at the moment.
I myself think it will stay under 125, possibly with spikes just passing that number (like 126 or so).
I think the current price-hike is due to US-customers who want to move BTC to other exchanges for easier payout due to the Dwolla incident.
This will most likely stabilize in a day or tree, and exchange rates across exchanges will become narrower again.
IMHO - If you want to profit from this, you should move USD into whatever exchange that offers the easiest way to get fiat out to US. At those exchanges the sell-pressure will be higher and you can swipe up some cheap BTC and move them into storage or over to MtGox.
I myself think it will stay under 125, possibly with spikes just passing that number (like 126 or so).
I think the current price-hike is due to US-customers who want to move BTC to other exchanges for easier payout due to the Dwolla incident.
This will most likely stabilize in a day or tree, and exchange rates across exchanges will become narrower again.
IMHO - If you want to profit from this, you should move USD into whatever exchange that offers the easiest way to get fiat out to US. At those exchanges the sell-pressure will be higher and you can swipe up some cheap BTC and move them into storage or over to MtGox.
I say bullshit. 
People are cautious. The crash from $260 happened a month and a half ago...
I don't think we'll touch $130 this week or next week.
Market: PROVE ME WRONG
I predict a long, slow slide... upwards
Think about the fact the fact the market even got to 260 a few months ago. With hardly any people and not much good news, by comparison. If panicking speculators could raise the price that high, think about panicking VCs and companies and incoming new users... People are cautious. The crash from $260 happened a month and a half ago...
I don't think we'll touch $130 this week or next week.
Market: PROVE ME WRONG
I predict a long, slow slide... upwards
And because Bitcoin basically works like a financial virus, a long slow slide upwards is practically impossible. This disease will spread exponentially.
In addition, I think a LOT more people will be selling to strength on the way up if we have any sort of explosive movement in the near future, so that such a movement will only be initially explosive. Not just plebs like me looking to cash in on a new laptop at a certain price point or whatever, but big cats who are interested in (a) living off of their gains in a fiat world, and/or (b) market-making; slowing rallies and catching knives.
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BTW Ashley I never think you get enough credit for your posts. Even if I disagree with you, I hardly ever see careless responses from you.
So +1 I guess.
So +1 I guess.
Thanks for the vote of confidence
so yeah, the price might change at some point...
The buying pressure is definitely quite high considering I just saw someone sell almost 800 btc but the price didn't even drop a dollar.
The only think we need to see how the btc price skyrocket, is another country in bankrupt.
And i think that will bring the BTC to + $300 USD
And i think that will bring the BTC to + $300 USD
Yes or there was a repeat of what happened in cypress. If it stabilizes at a specific amount it will be an event like one of these that will let it rise way above. Of course with more services accepting on and offline, who knows what coul happen.
I disagree. Within the next couple days the price is going to absolutely erupt.
Once the high rollers release the reigns from the markets.
Once the high rollers release the reigns from the markets.
I say bullshit.
People are cautious. The crash from $260 happened a month and a half ago...
I don't think we'll touch $130 this week or next week.
Market: PROVE ME WRONG
I predict a long, slow slide... upwards
Think about the fact the fact the market even got to 260 a few months ago. With hardly any people and not much good news, by comparison. If panicking speculators could raise the price that high, think about panicking VCs and companies and incoming new users...
And because Bitcoin basically works like a financial virus, a long slow slide upwards is practically impossible. This disease will spread exponentially.
BTW Ashley I never think you get enough credit for your posts. Even if I disagree with you, I hardly ever see careless responses from you.
So +1 I guess.
Usually a conference would not boost the share price
That said this is the first major conference after the popularity and price of bitcoin surge
To simply be said this is a Genesis test not a make or break of the currency but could be the start of making it mainstream
So a fair bit of expectations are incoming and it will be interesting to see how it affects the prices
That said this is the first major conference after the popularity and price of bitcoin surge
To simply be said this is a Genesis test not a make or break of the currency but could be the start of making it mainstream
So a fair bit of expectations are incoming and it will be interesting to see how it affects the prices
I'm with you, bobdude. I've been conservative. When friends have asked me lately, I respond "We'll be over $300 by the 4th of July."
I personally feel that, barring new negative news, that'll be a conservative estimate. But that claim has still been enough for most of them to look at me like I'm crazy.
Now it gets fun.
I personally feel that, barring new negative news, that'll be a conservative estimate. But that claim has still been enough for most of them to look at me like I'm crazy.
Now it gets fun.
Yup yup.
And I agree, I think that will end up being conservative.A theory is that people have been actively trying to stabilize the price so that Bitcoin looks viable during the conference to newcomers. Could be complete BS, yea, but yesterday the price started running up a bit and then BOOM, huge 1,000+ dumps. Who would be dumping 1k+ coins after learning about the paypal founders' investment and the Webmoney acceptance, and the other good news, AND the conference about to come where there will undoubtedly be big announcements?
Exactly. My theory is:
Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.
Can't see anyone at the conference having a problem with rising prices
Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.
Of course, these are my guesswork conclusions. We'll see what happens.
Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.
I think it would be waaaaay worth it. Even if the investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue.
I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money.
Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news.
lol
The current bitcoin price is forged, sorry
I disagree. Within the next couple days the price is going to absolutely erupt.
Once the high rollers release the reigns from the markets.
Once the high rollers release the reigns from the markets.
I say bullshit.
People are cautious. The crash from $260 happened a month and a half ago...
I don't think we'll touch $130 this week or next week.
Market: PROVE ME WRONG
I predict a long, slow slide... upwards
Yeah, I have got to agree with this statement. I have been watching the value depreciate at the moment, but who knows the market may surprise me and prove me wrong, I hope that is the case.
I disagree. Within the next couple days the price is going to absolutely erupt.
Once the high rollers release the reigns from the markets.
Once the high rollers release the reigns from the markets.
I say bullshit.
People are cautious. The crash from $260 happened a month and a half ago...
I don't think we'll touch $130 this week or next week.
Market: PROVE ME WRONG
I predict a long, slow slide... upwards
A theory is that people have been actively trying to stabilize the price so that Bitcoin looks viable during the conference to newcomers. Could be complete BS, yea, but yesterday the price started running up a bit and then BOOM, huge 1,000+ dumps. Who would be dumping 1k+ coins after learning about the paypal founders' investment and the Webmoney acceptance, and the other good news, AND the conference about to come where there will undoubtedly be big announcements?
People who are smart enough to know the USG is still prowling around and are rightfully uncertain about what lies ahead. Nothing wrong with taking a little profit off, just in case the worst should happen.
I disagree. Within the next couple days the price is going to absolutely erupt.
Once the high rollers release the reigns from the markets.
Once the high rollers release the reigns from the markets.
I say bullshit.
People are cautious. The crash from $260 happened a month and a half ago...
I don't think we'll touch $130 this week or next week.
Market: PROVE ME WRONG
I predict a long, slow slide... upwards
A theory is that people have been actively trying to stabilize the price so that Bitcoin looks viable during the conference to newcomers. Could be complete BS, yea, but yesterday the price started running up a bit and then BOOM, huge 1,000+ dumps. Who would be dumping 1k+ coins after learning about the paypal founders' investment and the Webmoney acceptance, and the other good news, AND the conference about to come where there will undoubtedly be big announcements?
This stuff doesn't happen in a bubble. A little good press doesn't cancel out all other indicators.
I disagree. Within the next couple days the price is going to absolutely erupt.
Once the high rollers release the reigns from the markets.
Once the high rollers release the reigns from the markets.
I say bullshit.
People are cautious. The crash from $260 happened a month and a half ago...
I don't think we'll touch $130 this week or next week.
Market: PROVE ME WRONG
I predict a long, slow slide... upwards
A theory is that people have been actively trying to stabilize the price so that Bitcoin looks viable during the conference to newcomers. Could be complete BS, yea, but yesterday the price started running up a bit and then BOOM, huge 1,000+ dumps. Who would be dumping 1k+ coins after learning about the paypal founders' investment and the Webmoney acceptance, and the other good news, AND the conference about to come where there will undoubtedly be big announcements?
I disagree. Within the next couple days the price is going to absolutely erupt.
Once the high rollers release the reigns from the markets.
Once the high rollers release the reigns from the markets.
I say bullshit.
People are cautious. The crash from $260 happened a month and a half ago...
I don't think we'll touch $130 this week or next week.
Market: PROVE ME WRONG
I predict a long, slow slide... upwards
It will hit 160 and it will fall to 140 and it will regain momentum again. It will bounce down a few times, maybe four or five times around 160 to finally break through it.
$250 by June
$500 by July
$1000 by December
Just throwing out my prediction for the fun of it. Sorry, no graph or anything exciting like most speculators seem to do. I did put up a fortune cookie a week ago though that said, "A financial investment will yields beyond your wildest hopes." That was proof to buy I think. My wildest hopes are for BTC to be $1,000,000. Who knows, maybe by 2020?
I could see that only because the value of the dollar could easily crash in the next ten years(meaning bitcoin didn't get more valuable, the dollar is just worthless).$500 by July
$1000 by December
Just throwing out my prediction for the fun of it. Sorry, no graph or anything exciting like most speculators seem to do. I did put up a fortune cookie a week ago though that said, "A financial investment will yields beyond your wildest hopes." That was proof to buy I think.
My wildest hopes are for BTC to be $1,000,000. Who knows, maybe by 2020? However, even if the dollar were saved(which is equally possible), I have no doubt that we will reach 10k per bitcoin in the next decade, if not more. That's probably why I just went all in. XD
$250 by June
$500 by July
$1000 by December
Just throwing out my prediction for the fun of it. Sorry, no graph or anything exciting like most speculators seem to do. I did put up a fortune cookie a week ago though that said, "A financial investment will produce yields beyond your wildest hopes." That was proof to buy I think. My wildest hopes are for BTC to be $1,000,000. Who knows, maybe by 2020?
$500 by July
$1000 by December
Just throwing out my prediction for the fun of it. Sorry, no graph or anything exciting like most speculators seem to do. I did put up a fortune cookie a week ago though that said, "A financial investment will produce yields beyond your wildest hopes." That was proof to buy I think.
My wildest hopes are for BTC to be $1,000,000. Who knows, maybe by 2020? Jump to: