Do you really belive that you won't be able to buy at 20$ again? - page 2.

Melbustus

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Quote from: humanitee on February 07, 2013, 03:51:40 PM

Quote from: cedivad on February 07, 2013, 03:50:32 PM

So why bitcoin isn't at 1000+ if everyone here is sure about it?

Because everyone is not sure about it.

Partly. Keep in mind that the bitcoin world is small. The "true believers" (eg, those that think it'll be worth $1000+/btc) have already put most of their "investment" fiat into bitcoin. Getting there simply requires more new people injecting fiat. That takes time.

Piper67

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Quote from: CliffordM on February 07, 2013, 04:45:31 PM

I think it's very hard to look at Gox and have a sensible discussion about 'fair-value' when things are this volatile.

The fair-price (if there is one) is probably substantially lower than $20, could easily be $5. But on top of this 'fair-value' is a risk-premium which reflects the uncertainty and opportunity to own coins.

At current prices I would not worry about things being over (or under priced). It's just like dealing with a hi-tech stock that's very fashionable to own one day, and short the next.

It reminds me of trying to trade Netscape in the early Internet days -- too big a position (either way) led to traders being carried out, those that took positions commensurate with their risk-limits ultimately won out.

It's rocky out there.

If your idea of a "fair value" is not in line with the actual value, it's time to reassess your idea. The value is what it is...

CliffordM

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I think it's very hard to look at Gox and have a sensible discussion about 'fair-value' when things are this volatile.

The fair-price (if there is one) is probably substantially lower than $20, could easily be $5. But on top of this 'fair-value' is a risk-premium which reflects the uncertainty and opportunity to own coins.

At current prices I would not worry about things being over (or under priced). It's just like dealing with a hi-tech stock that's very fashionable to own one day, and short the next.

It reminds me of trying to trade Netscape in the early Internet days -- too big a position (either way) led to traders being carried out, those that took positions commensurate with their risk-limits ultimately won out.

It's rocky out there.

humanitee

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Is that a mouth, nose, or balls? lol

adamstgBit

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Trusted Bitcoiner

humanitee

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Coffee for everyone!

ElectricMucus

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Marketing manager - GO MP

Quote from: humanitee on February 07, 2013, 03:51:40 PM

Because everyone is not sure about it.

Man, I'll have whatever intellectually crippling drug everyone in this forum is on today.

Nah I rather have what you are having.

humanitee

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Because everyone is not sure about it.

Man, I'll have whatever intellectually crippling drug everyone in this forum is on today.

cedivad

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Quote from: Peter Lambert on February 07, 2013, 03:47:52 PM

Quote from: cedivad on February 07, 2013, 03:42:43 PM

22$ a coin starting from 8$ a coin 2 months ago is bullshit.

22$ a coin 6 months from now could be the right price.

But not in < 50 days.

Bubble.

If everybody thinks the price in 6 months should be 22 dollars a coin, then why would anybody sell the coin now for less than 22 dollars a coin? Markets don't follow speed limits to get to the correct price, they just go to the correct price. When conditions change, then the price changes.

So why bitcoin isn't at 1000+ if everyone here is sure about it?
Anyway, a news driven rally usually happens overnight. This is not only news driven. It's belivers driven.

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: cedivad on February 07, 2013, 03:42:43 PM

22$ a coin starting from 8$ a coin 2 months ago is bullshit.

22$ a coin 6 months from now could be the right price.

But not in < 50 days.

Bubble.

If everybody thinks the price in 6 months should be 22 dollars a coin, then why would anybody sell the coin now for less than 22 dollars a coin? Markets don't follow speed limits to get to the correct price, they just go to the correct price. When conditions change, then the price changes.

Spaceman_Spiff

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Quote from: smoothie on February 07, 2013, 03:43:11 PM

I see a rise to $25-$30 in the next 4 weeks. then a correction. If no correction then a huge spike to say $50 then crash to $22-23...maybe even $19.50.

We will see.

Seems plausible. Don't think $25 will take 4 weeks either, more like 4 days...

sublime5447

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Quote from: cedivad on February 07, 2013, 03:42:43 PM

Quote from: sublime5447 on February 07, 2013, 03:39:20 PM

Quote from: cedivad on February 07, 2013, 02:13:40 PM

Why are you fueling this rally like crazy? It dosen't seem to me that more than doubling the price in a month or so is healthy for this small economy.

I admit it, I want the price to go down to buy, but hell, 22$ is a crazy price. Someone is gonna hurt.

+1 22 a coin is bullshit.

It's not what i want to say.

22$ a coin starting from 8$ a coin 2 months ago is bullshit.

22$ a coin 6 months from now could be the right price.

But not in < 50 days.

Bubble.

Agreed 100% to high to fast

humanitee

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It's not going to take 4 weeks.

smoothie

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LEALANA Bitcoin Grim Reaper

I see a rise to $25-$30 in the next 4 weeks. then a correction. If no correction then a huge spike to say $50 then crash to $22-23...maybe even $19.50.

We will see.

cedivad

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Quote from: sublime5447 on February 07, 2013, 03:39:20 PM

Quote from: cedivad on February 07, 2013, 02:13:40 PM

Why are you fueling this rally like crazy? It dosen't seem to me that more than doubling the price in a month or so is healthy for this small economy.

I admit it, I want the price to go down to buy, but hell, 22$ is a crazy price. Someone is gonna hurt.

+1 22 a coin is bullshit.

It's not what i want to say.

22$ a coin starting from 8$ a coin 2 months ago is bullshit.

22$ a coin 6 months from now could be the right price.

But not in < 50 days.

Bubble.

sublime5447

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Quote from: cedivad on February 07, 2013, 02:13:40 PM

Why are you fueling this rally like crazy? It dosen't seem to me that more than doubling the price in a month or so is healthy for this small economy.

I admit it, I want the price to go down to buy, but hell, 22$ is a crazy price. Someone is gonna hurt.

+1 22 a coin is bullshit.

jwzguy

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Quote from: zoinky on February 07, 2013, 03:04:10 PM

Buy now or get left behind!! Roll Eyes

Yep. We'll be back under 5$ in no time. Roll Eyes

humanitee

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People really can't believe this rally?

Exponential growth coupled with a reward halving. If you haven't noticed, the bounce back from BTC50k being sold was almost immediate.

Gabi

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If you want to walk on water, get out of the boat

Lol, crazy was the low price bitcoin had in the past months.

I'm not saying that it will never come back at 20$ or even below, i'm just saying that 20 is not a "crazy" price, it is a low price if we consider the long term.

wtfvanity

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WTF???

Quote from: cedivad on February 07, 2013, 02:13:40 PM

Why are you fueling this rally like crazy? It dosen't seem to me that more than doubling the price in a month or so is healthy for this small economy.

I admit it, I want the price to go down to buy, but hell, 22$ is a crazy price. Someone is gonna hurt.

I'm long on BTC and am always buying a few coins. I stopped since we've we were right at $20. I hate not to keep getting in but at the same time it feels wrong. If it stabilizes somewhere near here for a while I'll hop back on the train but at this point I'm a little scared. I can kick myself in the ass later when it never gets down to $20 again.

Topic: Do you really belive that you won't be able to buy at 20$ again? - page 2. (Read 3332 times)