Up. Not as fast, imho.
Anyway I can't see btc below 20$ in 2 years. Bull all the way
Topic: [Daily Speculation Poll] :: What now? - page 2. (Read 1768 times)
If nothing else, it was the buy-in opportunity that everyone's been waiting for. Yesterday was insane. The rally was otherwise solid IMO.
bitcoinbitcoin113's burp theory is playing out to the letter, though, I must say.
bitcoinbitcoin113's burp theory is playing out to the letter, though, I must say.
I disagree.
There will be no market for prices above US$ 15, unless more than 75% of the Bitcoins already produced are put in circulation. That is not what is happening, so the price will fall with unexpected dumps or buying pressure.
More bitcoins in circulation will result in a higher price? I think you've got that backward.
The point is that there is a market for Bitcoins as a medium of exchange, not only as a speculative instrument. People buying BTC to buy other stuff do not care what the current price is, as long as it isn't going to lose 20% of its value in the next 20 minutes. So they buy at market price. That's what we've been seeing for this whole rally. Yesterday was a mini-bubble IMO and it broke gracefully.
Odds of pirate repaying everyone who then cash out + odds of downward volatility + odds of pirate dumping his coins + odds of people who have not yet seen the market today who freak later > odds of no drop in price. JMHO
If nothing else, it was the buy-in opportunity that everyone's been waiting for. Yesterday was insane. The rally was otherwise solid IMO.
bitcoinbitcoin113's burp theory is playing out to the letter, though, I must say.
bitcoinbitcoin113's burp theory is playing out to the letter, though, I must say.
I disagree.
There will be no market for prices above US$ 15, unless more than 75% of the Bitcoins already produced are put in circulation. That is not what is happening, so the price will fall with unexpected dumps or buying pressure.
I think you will be proved wrong in the coming weeks.
If nothing else, it was the buy-in opportunity that everyone's been waiting for. Yesterday was insane. The rally was otherwise solid IMO.
bitcoinbitcoin113's burp theory is playing out to the letter, though, I must say.
bitcoinbitcoin113's burp theory is playing out to the letter, though, I must say.
I disagree.
There will be no market for prices above US$ 15, unless more than 75% of the Bitcoins already produced are put in circulation. That is not what is happening, so the price will fall with unexpected dumps or buying pressure.
So many unknowns! As much as I hate being USD-exposed, I'm selling more right now and hoping to profit from the volatility. But I'm fully anticipating single digits followed by a big swing back up.
yes me too I expect it to go to $1 then back up to $20....
keep dreaming....
If nothing else, it was the buy-in opportunity that everyone's been waiting for. Yesterday was insane. The rally was otherwise solid IMO.
bitcoinbitcoin113's burp theory is playing out to the letter, though, I must say.
bitcoinbitcoin113's burp theory is playing out to the letter, though, I must say.
So many unknowns! As much as I hate being USD-exposed, I'm selling more right now and hoping to profit from the volatility. But I'm fully anticipating single digits followed by a big swing back up.
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