Do you think 1.00 BTC will worth more than $10,000.00 USD at any time in 2015? - page 3.

GreenStox

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Quote from: shogdite on May 13, 2015, 01:49:41 PM

in fact it probably has more chance because let's not forget it has already been at $1

Put things in perspective. When that happened bitcoin was only a forum currency for a few nerds.
Now you got hundreds of thousands of stores accepting it, many hundred exchanges, more then 1 thousand ATMs, and many more goods & services.

It has an infrastructure backing it (its always funny when idiots say that BTC is not backed by anything, its backed by its economy).
There is already a mini-subeconomy for bitcoin, and its growing, every single day. To the point that 1 day it will replace the main economy.

So your point is not put in perspective.

futureofbitcoin

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Quote from: shogdite on May 13, 2015, 01:49:41 PM

No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?

Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet?

Horrible logic.

That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year.

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Quote from: Amph on May 13, 2015, 01:24:45 PM

Quote from: baristor on May 13, 2015, 12:35:31 PM

u guys keep thinkign it goes up ? What if it goes below 1$ ? Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment

No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?

It does not matter what you see reason for you are not the market.

It would be bad for miners but there would be a difficulty decrease and I would actually be loving the drop to these lows because unlike trading $200-$300 and making a little I can be trading from $1-$8-9-10 it would be a lovely day not a catastrophe only for those that hold and do nothing would it be.

@ OP no in case you can't take from that post I do not believe for one second that it will go anywhere near not even $1000 you gotta love dreamers though.

GreenStox

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Quote from: Amph on May 13, 2015, 01:24:45 PM

Quote from: baristor on May 13, 2015, 12:35:31 PM

u guys keep thinkign it goes up ? What if it goes below 1$ ? Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment

Yea indeed , just follow

http://www.coindesk.com/

or

http://cointelegraph.com/

Both are leading news agencies for BTC, look up past 3 months news, they were all positive news.

Amph

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Quote from: baristor on May 13, 2015, 12:35:31 PM

u guys keep thinkign it goes up ? What if it goes below 1$ ? Cheesy

and why the reason for that? random guessing? or blatant trolling? i see no reason to even go sub 200 let alone below 10...

a price like that would be a catastrophe for miners, they will start buying to protect their investment

XinXan

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Quote from: mrhelpful on May 13, 2015, 12:53:41 PM

Quote from: baristor on May 13, 2015, 12:35:31 PM

u guys keep thinkign it goes up ? What if it goes below 1$ ? Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

If that happens im sure other altcoin (good altcoin) would rise and be the new bitcoin, bu i dont think it will go up or down, better to just be stable for now, honestly.

mrhelpful

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Quote from: baristor on May 13, 2015, 12:35:31 PM

u guys keep thinkign it goes up ? What if it goes below 1$ ? Cheesy

I dont think it would. Why would the rich cats let it fall?

If they really wanted to they would say lets just close shop for all the VC money we put into like coinbase and they been around atleast more then a year.

baristor

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u guys keep thinkign it goes up ? What if it goes below 1$ ? Cheesy

GreenStox

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Ok its almost 6 months passed. We can now definitely agree that bitcoin wont reach 10.000$ this year.

I think probably in 2-3 years, there will be some calamity in the markets in a few years, that might pump it.

GreenStox

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Quote from: ensurance982 on April 26, 2015, 07:59:33 PM

Yeah, that's the reason why Bitcoins are being borrowed from people who are willing to give them away at a given interest rate. If you think about this, Bitcoin is actually one of the few assets where you can't borrow something that doesn't even exist in the first place (at least as long as the respective exchange doesn't play foul!)

Yea but if you borrowed it form someone who had it, that doesnt crash the price.

Remember you first said about this manipulation crashing the market.

If A broker borrows from B bank, then B bank must have that bitcoin to be able to lend it. If the guy then shorts it, then the market cap will stay the same.

Unless that bitcoin bank is one of the original miners who mined it around 1cent/bitcoin, then he must buy it first, then lend it, and then short it through another guy.

Of course since shortable instruments, in the fiat economy, use borrow-buyback method, it must have a swap interest, which is generally paid out of thin air.

So the question is, how are you going to pay swaps if you cant make out bitcoin out of thin air?

ensurance982

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Quote from: GreenStox on April 26, 2015, 07:19:14 PM

Quote from: samson on April 26, 2015, 06:58:27 PM

Quote from: GreenStox on April 26, 2015, 06:53:34 PM

Quote from: samson on April 26, 2015, 06:52:08 PM

No, it's simply not going to happen.

We might see a $100 Bitcoin this year but there's no way in hell there will be a $10,000 Bitcoin.

100$ bitcoin? C`mon, i`ll see 1 m $ bitcoin faster than that. 100$ is just way to low, there is massive support around 200$.

This is Bitcoin, the price can half in a day and if you play it right you can double up.

This is why people will deliberately crash the market, simple greed.

Some will lose, some will win but anything's possible.

It's funny they want to create bitcoin derivatives, more exactly bitcoin options.

The only way to deliberately crash the market is to "short it" or buy a "put" option. But you can't do any of those without borrowing bitcoin, which is impossible unless you can steal from the blockchain which is impossible.

Conventional walstreet derivatives wont work on bitcoin. The only way to move the BTC price DOWN is to sell it normally, but for that you need to buy it first.

If you bought it first and sold it later, you didnt do jack shit to the price, its on the same thing.

So i dont think the BTC market is manipulated like that

Yeah, that's the reason why Bitcoins are being borrowed from people who are willing to give them away at a given interest rate. If you think about this, Bitcoin is actually one of the few assets where you can't borrow something that doesn't even exist in the first place (at least as long as the respective exchange doesn't play foul!)

GreenStox

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Quote from: samson on April 26, 2015, 07:22:51 PM

A lot of people (huge amount of people) bought coins at prices much lower than $100 and if they believe the price will continue to fall they will sell them off in chunks on the way down and buy them back later.

I've doubled my coins using this method in the past (from ~500 to 1000), it was a long time ago but there's nothing to suggest it can't happen again.

As that original buy-in price approaches people get itchy trigger fingers and often click 'sell'.

How they bought bitcoins below 100$? If they could then the market have alraedy gone below 100$, thats not how price discovery works Grin

Your BID order wont get executed unless the one above you got executed, you can put any amound of chunk orders to sell, if there is 1 guy selling 10000 Bitcoins at a price just above you. Also if the Ask orders cumulatively have a larger volume than those 10000 volume bid orders, then your chunk orders will never get executed and the price will go up again (and another guy will bid up the price above you to fill in the spread created void, there is no incentive for traders to sell at a lower than fair price to you) Grin

It all depends on demand from the perspective of buyers.Learn how the markets work bro Wink

Meuh6879

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Quote from: Candystripes on October 25, 2014, 06:26:15 PM

I doubt it will reach over $2000 in the next 2 years.

not me.

funds take brake before the race on 2016 entry year ... to wait the halving and all discharge.

Grin

it's a little pervert, this ... ?

samson

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Quote from: GreenStox on April 26, 2015, 07:19:14 PM

Quote from: samson on April 26, 2015, 06:58:27 PM

Quote from: GreenStox on April 26, 2015, 06:53:34 PM

Quote from: samson on April 26, 2015, 06:52:08 PM

No, it's simply not going to happen.

We might see a $100 Bitcoin this year but there's no way in hell there will be a $10,000 Bitcoin.

100$ bitcoin? C`mon, i`ll see 1 m $ bitcoin faster than that. 100$ is just way to low, there is massive support around 200$.

This is Bitcoin, the price can half in a day and if you play it right you can double up.

This is why people will deliberately crash the market, simple greed.

Some will lose, some will win but anything's possible.

It's funny they want to create bitcoin derivatives, more exactly bitcoin options.

The only way to deliberately crash the market is to "short it" or buy a "put" option. But you can't do any of those without borrowing bitcoin, which is impossible unless you can steal from the blockchain which is impossible.

Conventional walstreet derivatives wont work on bitcoin. The only way to move the BTC price DOWN is to sell it normally, but for that you need to buy it first.

If you bought it first and sold it later, you didnt do jack shit to the price, its on the same thing.

So i dont think the BTC market is manipulated like that

A lot of people (huge amount of people) bought coins at prices much lower than $100 and if they believe the price will continue to fall they will sell them off in chunks on the way down and buy them back later.

I've doubled my coins using this method in the past (from ~500 to 1000), it was a long time ago but there's nothing to suggest it can't happen again.

As that original buy-in price approaches people get itchy trigger fingers and often click 'sell'.

GreenStox

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Quote from: samson on April 26, 2015, 06:58:27 PM

Quote from: GreenStox on April 26, 2015, 06:53:34 PM

Quote from: samson on April 26, 2015, 06:52:08 PM

No, it's simply not going to happen.

We might see a $100 Bitcoin this year but there's no way in hell there will be a $10,000 Bitcoin.

100$ bitcoin? C`mon, i`ll see 1 m $ bitcoin faster than that. 100$ is just way to low, there is massive support around 200$.

This is Bitcoin, the price can half in a day and if you play it right you can double up.

This is why people will deliberately crash the market, simple greed.

Some will lose, some will win but anything's possible.

It's funny they want to create bitcoin derivatives, more exactly bitcoin options.

The only way to deliberately crash the market is to "short it" or buy a "put" option. But you can't do any of those without borrowing bitcoin, which is impossible unless you can steal from the blockchain which is impossible.

Conventional walstreet derivatives wont work on bitcoin. The only way to move the BTC price DOWN is to sell it normally, but for that you need to buy it first.

If you bought it first and sold it later, you didnt do jack shit to the price, its on the same thing.

So i dont think the BTC market is manipulated like that

samson

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Quote from: GreenStox on April 26, 2015, 06:53:34 PM

Quote from: samson on April 26, 2015, 06:52:08 PM

No, it's simply not going to happen.

We might see a $100 Bitcoin this year but there's no way in hell there will be a $10,000 Bitcoin.

100$ bitcoin? C`mon, i`ll see 1 m $ bitcoin faster than that. 100$ is just way to low, there is massive support around 200$.

This is Bitcoin, the price can half in a day and if you play it right you can double up.

This is why people will deliberately crash the market, simple greed.

Some will lose, some will win but anything's possible.

GreenStox

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Activity: 1148

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Quote from: samson on April 26, 2015, 06:52:08 PM

No, it's simply not going to happen.

We might see a $100 Bitcoin this year but there's no way in hell there will be a $10,000 Bitcoin.

100$ bitcoin? C`mon, i`ll see 1 m $ bitcoin faster than that. 100$ is just way to low, there is massive support around 200$.

samson

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No, it's simply not going to happen.

We might see a $100 Bitcoin this year but there's no way in hell there will be a $10,000 Bitcoin.

Greece won't make any difference, they've been long written off (for years now) as a basket case.

GreenStox

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Quote from: ensurance982 on April 25, 2015, 05:06:50 PM

Quote from: GreenStox on April 23, 2015, 03:12:55 AM

Quote from: ensurance982 on April 22, 2015, 09:54:59 AM

Well, this thread is already around since October, but I think even back then things were starting to look quite dire. Wouldn't even thought back then to see $10k coins in 2015, and things aren't looking better now, either...

Look at global economy, which one is in worst shape? That or bitcoin? Then decide in which one to invest, i`m sure you will make the right decision.

Well yeah, it certainly isn't looking great. In the US, but also in Europe with Greece and so on. But I don't really buy the claims that the whole world economy is on the brink of going bankrupt or states failing completely. Do you really think this is very probable?

If the US falls, all of their influence zone countries will fall. And even the BRICS will be hurt, but no to that great extent.

That means the EU can easily be dissolved, as "normal" countries in the EU wont tolerate the EUR money printing scheme just to save the southern suckers (Spain,Italy,Greece, Cyprus, Portugal...). It's much easier to just leave the EU and leave those countries to restructure themselves, no need to drag everyone into the pit.

My country has a pretty decent monetary policy, but i see here that the IMF is trying to put more debt on us, in the last 4 years our external debt grew 500%, so those bankster basterds want to destroy everything.

My guess is that we shall wait until December and see what will happen with Greece, the world's eyes are now on Greece, this small country can really decide the global economy now.

ensurance982

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Quote from: Chef Ramsay on April 25, 2015, 05:14:08 PM

Quote from: ensurance982 on April 25, 2015, 05:06:50 PM

Quote from: GreenStox on April 23, 2015, 03:12:55 AM

Quote from: ensurance982 on April 22, 2015, 09:54:59 AM

Well, this thread is already around since October, but I think even back then things were starting to look quite dire. Wouldn't even thought back then to see $10k coins in 2015, and things aren't looking better now, either...

Look at global economy, which one is in worst shape? That or bitcoin? Then decide in which one to invest, i`m sure you will make the right decision.

Well yeah, it certainly isn't looking great. In the US, but also in Europe with Greece and so on. But I don't really buy the claims that the whole world economy is on the brink of going bankrupt or states failing completely. Do you really think this is very probable?

Check out galdur's thread on China and its new AIIB in the politics subforum, it has pretty decent analysis about how this new Bank is attempting to fade away the IMF and the World Bank's influence which is dominated by western interests. Even the UK and Israel joined their launch despite being US allies - which created diplomatic issues w/ the US. That said, there's articles there talking about how China's credit markets (iirc) needing an overhaul. Also, the power of the US is peeking and likely diminishing which will bring inflation back to the US and 86 their citizens' purchasing power. The next five years will likely make the last 5 years look like the roaring twenties.

Huh, interesting... I actually never really looked into the politics subforum. Of course I follow the most important political events and follow the news, but most of it is just daunting and just stealing precious time, when everything is basically repeating itself. I guess being in a BTC position isn't the worst thing to be in that case, huh? Cheesy

Topic: Do you think 1.00 BTC will worth more than $10,000.00 USD at any time in 2015? - page 3. (Read 28793 times)