Topic: Going up! (Read 3924 times)
I see some pretty glaring mistakes on that logarithmic scale. You don't go from million to billion in one tick the same way you don't go from thousand to million in one tick.
LoL, it is going down.
Drop your coins now while you still can, bear is coming!
Drop your coins now while you still can, bear is coming!
If you didn't make lots of money already I think it's probably too late this time around.
By lots of money I'm talking about 10x-100x your initial investment.
Someone posted a link to this image on IRC :
By lots of money I'm talking about 10x-100x your initial investment.
Someone posted a link to this image on IRC :
That chart says nothing about it being too late for people to make 10x-100x on their investment if investing now. Will enough money come in to make 10-100x happen? Nobody knows.
It's painfully obvious 1 BTC won't reach global money supply in 2015 (or ever), however that tells you nothing about making 10x your investment in a few years or more at all.
Seems to me the chart is designed just to trick stupid people. That or the creator of the chart was stupid and thought the chart was communicating something that meant anything.
The chart's TLDR: "Unsustainable growth won't be sustained for longer than it can be sustained", gee thanks...
Will user adoption slow down or speed up? Will it become easier and faster to purchase coins or slower?
Time will tell
Time will tell
If you didn't make lots of money already I think it's probably too late this time around.
By lots of money I'm talking about 10x-100x your initial investment.
Someone posted a link to this image on IRC :
By lots of money I'm talking about 10x-100x your initial investment.
Someone posted a link to this image on IRC :
Lol.
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
this
It looks like it is not going up anytime soon, prepare for a long slide down to 100
I told it yesterday (first answer to this thread).
Huh.
It looks like it is not going up anytime soon, prepare for a long slide down to 100
Bitcoin has been becoming increasingly popular, I'm torn between wanting them to rise and wanting them stable which they have been relatively the past week.
China money finally reaching the exchanges, or Gyft is giving us a gift?
You decide.
You decide.
Or maybe people just believe in Bitcoin..
Nah, everyone's too busy whining about how OTHER people don't believe in bitcoin, to actually believe in it themselves.
China money finally reaching the exchanges, or Gyft is giving us a gift?
You decide.
You decide.
Or maybe people just believe in Bitcoin..
Going up... very slowly... step by step, inch by inch...
Methinks the hordes are starting to learn to trade...
Throw a bunch of newbs into an investment situation and you get a spike and crash.
Then they learn from their mistakes...
I bet you every (well, at least a significantly larger portion than before) man and his bro now has buy orders down to $50 and sell orders up to $500, and a concentrated spread around the current price. This is why those $10 price movements we're all so used to are a little more hard to come by...
I'm sure electricmucus has buy orders down to $0.01 and sell orders only up to $125, and smoothie probably has buy orders down to $75 and sell orders up to $300,000...
Methinks the hordes are starting to learn to trade...
Throw a bunch of newbs into an investment situation and you get a spike and crash.
Then they learn from their mistakes...
I bet you every (well, at least a significantly larger portion than before) man and his bro now has buy orders down to $50 and sell orders up to $500, and a concentrated spread around the current price. This is why those $10 price movements we're all so used to are a little more hard to come by...
I'm sure electricmucus has buy orders down to $0.01 and sell orders only up to $125, and smoothie probably has buy orders down to $75 and sell orders up to $300,000...
Too much energy is invested in speculating rather than developing.
Sometimes I agree with that. Other times I think the biggest barrier to adoption is volatility, and time spent laboriously trying to catch spikes is time well spent.
your chart makes it painfully obvious that this upwards trend is going to result in a crash by midnight. (then upward trend again, then crash, then repeat)
5% up, talk about an anti-climax bulls. 
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
My bids are ready.
My body is ready
This forum is quite a bubble itself...
5% up, talk about an anti-climax bulls.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
It's exactly this attitude that will prevent your prediction from coming true.
The order book is filling up, this market is going higher... I think we'll be solidly in 120's tomorrow
I think we are not in a bubble. I might change my mind if in about 2 months the downtrend will continue and no new highs are in place.
I really do think that Bitcoin is becoming more and more popular. I don't know how this affects the price given that 3600 btc are mined daily and we need about 400k usd to sustain that. DAILY. But I do know that everyone should own one bitcoin.
If I were in the place of those people in Cyprus, Greece, Spain, and EU in general, I'd keep a fair portion of my savings in BTC. Think of this: the weakest link in our whole civilization is fiat. There are many 0s in total amount of fiat but so many poor people. In a world that 1% controls 95% of wealth I find it unfair to play by moneymaker's rules.
Yes, hard to use bitcoin for groceries but that's just momentarily. Too much energy is invested in speculating rather than developing.
I really do think that Bitcoin is becoming more and more popular. I don't know how this affects the price given that 3600 btc are mined daily and we need about 400k usd to sustain that. DAILY. But I do know that everyone should own one bitcoin.
If I were in the place of those people in Cyprus, Greece, Spain, and EU in general, I'd keep a fair portion of my savings in BTC. Think of this: the weakest link in our whole civilization is fiat. There are many 0s in total amount of fiat but so many poor people. In a world that 1% controls 95% of wealth I find it unfair to play by moneymaker's rules.
Yes, hard to use bitcoin for groceries but that's just momentarily. Too much energy is invested in speculating rather than developing.
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