Crash!!crash!!crash!! | Bitcointalksearch.org

Odalv

legendary

Activity: 1414

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Quote from: twolifeinexile on February 23, 2013, 05:26:32 PM

Quote from: Odalv on February 23, 2013, 05:22:18 PM

Quote from: twolifeinexile on February 23, 2013, 05:18:25 PM

Quote from: piramida on February 23, 2013, 05:14:13 PM

At the current rate of doubling every half a year, we get to 100bil capitalization in about 4 years. Sounds about right to me.

Why doubling every half year is about right?

This is what past reality teach us. :-)

I am curious what the "IPO" price is? Then seems according to your estimation, the IPO price is about 0.1dollar sth, is that true?

Only my pesimistic estimation based on this chart https://bitcointalksearch.org/topic/bitcoin-drop-to-60-145973

twolifeinexile

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Activity: 154

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Quote from: Odalv on February 23, 2013, 05:22:18 PM

Quote from: twolifeinexile on February 23, 2013, 05:18:25 PM

Quote from: piramida on February 23, 2013, 05:14:13 PM

At the current rate of doubling every half a year, we get to 100bil capitalization in about 4 years. Sounds about right to me.

Why doubling every half year is about right?

This is what past reality teach us. :-)

I am curious what the "IPO" price is? Then seems according to your estimation, the IPO price is about 0.1dollar sth, is that true?

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

yes, bitcoins minimum price has doubled every 6 months so far since the first exchange opened - for the last 3 years, started at 10 cents per bitcoin (sweet times and that's also about when I first heard of bitcoin but stupidly decided to try mining instead of investing), so extrapolating. of course, it can break the pattern and grow faster... or stop growing... we'll see.

Odalv

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Quote from: twolifeinexile on February 23, 2013, 05:18:25 PM

Quote from: piramida on February 23, 2013, 05:14:13 PM

At the current rate of doubling every half a year, we get to 100bil capitalization in about 4 years. Sounds about right to me.

Why doubling every half year is about right?

This is what past reality teach us. :-)

twolifeinexile

full member

Activity: 154

Merit: 100

Quote from: piramida on February 23, 2013, 05:14:13 PM

At the current rate of doubling every half a year, we get to 100bil capitalization in about 4 years. Sounds about right to me.

Why doubling every half year is about right?

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

At the current rate of doubling every half a year, we get to 100bil capitalization in about 4 years. Sounds about right to me.

octopus

member

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Quote from: ianbakewell on February 23, 2013, 03:55:52 PM

How often would the price need to double in order for us to hit $100bil market cap in the next year and a half - two years?

it would have to ~double twice, so once a year.

evolve

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Activity: 700

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daytrader/superhero

Quote from: deeplink on February 23, 2013, 03:46:11 PM

Quote from: byronbb on February 23, 2013, 03:37:06 PM

Quote from: evolve on February 23, 2013, 12:20:46 AM

So we can see slow sustainable growth. I want the bubble to pop hard so the economy can grow at a more "natural" rate.

lol natural in quotes...so not natural at all? Huh

Plus, what's unnatural about the current growth, with exponentially increasing user base, media attention and merchants starting to accept BTC?

Natural is in quotes, because I am referring to my own feeling of what the natural growth rate should be (as opposed to any actual metric).

I've gone over this before, but I dont think any of that is driving the price...yes more merchants, better usability, etc are great things for BTC, but the price right now (in my opinion) is being driven by pure speculation (and fueled by over optimism), not usability.

deeplink

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In cryptography we trust

Quote from: byronbb on February 23, 2013, 03:37:06 PM

Quote from: evolve on February 23, 2013, 12:20:46 AM

So we can see slow sustainable growth. I want the bubble to pop hard so the economy can grow at a more "natural" rate.

lol natural in quotes...so not natural at all? Huh

Plus, what's unnatural about the current growth, with exponentially increasing user base, media attention and merchants starting to accept BTC?

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: evolve on February 23, 2013, 12:20:46 AM

Quote from: twolifeinexile on February 22, 2013, 11:46:44 PM

Quote from: evolve on February 22, 2013, 10:51:10 PM

Lets burn this sucker down! Grin

why??

So we can see slow sustainable growth. I want the bubble to pop hard so the economy can grow at a more "natural" rate.

lol natural in quotes...so not natural at all? Huh

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Nah we don't have bears anymore, just some bulls who are far behind the herd, waiting for the price to come down to the level below where they sold off to jump back on. That is the reason it won't go as far as most of them hope, though

BitCoinsLOL

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Bear!Bear!Bear! Tongue

evolve

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daytrader/superhero

Quote from: twolifeinexile on February 22, 2013, 11:46:44 PM

Quote from: evolve on February 22, 2013, 10:51:10 PM

Lets burn this sucker down! Grin

why??

So we can see slow sustainable growth. I want the bubble to pop hard so the economy can grow at a more "natural" rate.

Quote from: TooCasual on February 23, 2013, 12:00:18 AM

Quote from: evolve on February 22, 2013, 10:51:10 PM

Lets burn this sucker down! Grin

LOL... after you prolly sold a few hundred BTC at 31+ and now you want more BTC... I see right through ya!

Deceiver! HAHA. Grin

TC

Close...I closed my last trade in the high twenties. But yes, I will buy in if the price drops low enough.

da2ce7

legendary

Activity: 1222

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Live and Let Live

still very low volume:

🏰 TradeFortress 🏰

vip

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👻

We'll hit $30 back again.

TooCasual

member

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You can't be Serious?!?

Quote from: evolve on February 22, 2013, 10:51:10 PM

Lets burn this sucker down! Grin

LOL... after you prolly sold a few hundred BTC at 31+ and now you want more BTC... I see right through ya!

Deceiver! HAHA. Grin

TC

dree12

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Activity: 1246

Merit: 1077

Quote from: notme on February 22, 2013, 11:52:51 PM

Quote from: dree12 on February 22, 2013, 11:50:38 PM

What did you expect? Another unsupported, uninhibited rise to >30?

We're headed back down now into the oversold zone before coming back up. No amount of "it's just a minor correction" will fix that.

On what time frame? We're already oversold on the hourly, not even close on the daily.

If history will repeat itself, on the daily. Only after we left oversold did the price move back up.

Edit: Though I must admit, we won't crash as far this time. We didn't go up as high because some speculators remembered, and we won't go as low either for the same reason.

notme

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Quote from: dree12 on February 22, 2013, 11:50:38 PM

What did you expect? Another unsupported, uninhibited rise to >30?

We're headed back down now into the oversold zone before coming back up. No amount of "it's just a minor correction" will fix that.

On what time frame? We're already oversold on the hourly, not even close on the daily.

dree12

legendary

Activity: 1246

Merit: 1077

What did you expect? Another unsupported, uninhibited rise to >30?

We're headed back down now into the oversold zone before coming back up. No amount of "it's just a minor correction" will fix that.

twolifeinexile

full member

Activity: 154

Merit: 100

Quote from: evolve on February 22, 2013, 10:51:10 PM

Lets burn this sucker down! Grin

why??

Topic: Crash!!crash!!crash!! (Read 2527 times)