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

Odalv

legendary

Activity: 1414

Merit: 1000

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

full member

Activity: 154

Merit: 100

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

legendary

Activity: 1414

Merit: 1000

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

Activity: 103

Merit: 10

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

hero member

Activity: 700

Merit: 500

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

hero member

Activity: 728

Merit: 500

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

full member

Activity: 214

Merit: 100

Bear!Bear!Bear! Tongue

evolve

hero member

Activity: 700

Merit: 500

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

Merit: 1016

Live and Let Live

still very low volume:

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

We'll hit $30 back again.

TooCasual

member

Activity: 114

Merit: 10

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

legendary

Activity: 1246

Merit: 1079

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

legendary

Activity: 1904

Merit: 1002

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: 1079

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??

twolifeinexile

full member

Activity: 154

Merit: 100

Quote from: gmiwenht on February 22, 2013, 10:58:03 PM

guys can we have another valentine's day rally please? Cry

that will be next year, of course

BasementMiner!

member

Activity: 109

Merit: 10

obligatory thread

Grin

gmiwenht

member

Activity: 115

Merit: 10

Guys can we have another Valentine's Day rally please? Cry

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

Lets burn this sucker down! Grin

Ichthyo

hero member

Activity: 602

Merit: 500

Quote from: Elwar on February 22, 2013, 10:38:47 PM

What happen?

we are testing 29 right now (not 30).

OK, still looks just like the weekend dip that everyone expected

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

What happen?

str4wm4n

legendary

Activity: 1611

Merit: 1001

I just had déjà vu reading the 2 posts above this...

NamelessOne

legendary

Activity: 840

Merit: 1000

Seems like a standard combination of weekend dip and one of numerous corrections we've already had during this uptrend.

twolifeinexile

full member

Activity: 154

Merit: 100

Is it coming? Should I start another "never 30" again thread?

Topic: Crash!!crash!!crash!! (Read 2534 times)