Guesses on when we'll break $10 - page 3.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: adamstgBit on July 21, 2012, 07:53:24 PM

Have'n a beer watching the game

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

That is something someone who doesn't understand how markets work would say.

Bitcoin long-term is bullish, but to say it will be "never ending" is just silly.

Money will flow in to bitcoin and out of bitcoin.....rinse repeat....at what rate this happens is anyone's guess.

I still believe the recent ~50% run up in price since 2 months ago is all speculation.

I mean how many more merchants accept bitcoin from then until now? What like 20?

Bitcoin is still in its infancy. More of a steady rise in price over long-term is healthier for the bitcoin economy.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: beckspace on July 21, 2012, 11:27:49 PM

Quote from: adamstgBit on July 21, 2012, 11:20:14 PM

fuck man I will NEVER sell out, not at 5$ not at 5000$.

That's my exit strategy, man!

what your going to sell high? you sell high, I'll buy low

"exit strategy" what a dummy

beckspace

hero member

Activity: 931

Merit: 500

Quote from: adamstgBit on July 21, 2012, 11:20:14 PM

fuck man I will NEVER sell out, not at 5$ not at 5000$.

That's my exit strategy, man!

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ineededausername on July 21, 2012, 10:47:39 PM

Quote from: ElectricMucus on July 21, 2012, 10:42:37 PM

Quote from: adamstgBit on July 21, 2012, 07:53:24 PM

Have'n a beer watching the game

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

For consistency a correction like from 7.2 to 5 would be either 6.6 for a relative calculation or 7.3 for absolute.

Actually, using the start and end of the rally and a relative calculation:

10^(((log(5)-log(2))/(log(7.22)-log(2)))*(log(9.7)-log(5)) + log(5)) = 8.02
10^(((log(3.87)-log(2))/(log(7.22)-log(2)))*(log(9.7)-log(5)) + log(5)) = 7.03

If things go the same way, we will sustain a crash to 7 but stabilize at 8. That is if 9.7 is the high for this rally, which I very much doubt!

thats the big question

is the rally over!?

If the rally is over, then we can expect to slowly make our way to a stable 8

but with pirate40 and so many other variable in play who the hell knows.

We could wake up Monday morning to find the 15$ mark was demolished. Pirate40 Totally out of coins, Dreaming it ill go back down. A Strong up-ward force Shooting bitcoin AS high as it can go looking for a "top", add to that headlines reading "Bitcoin's second bubble" and someone asks "what the hell is bitcoin, is it a scam?".

what is the "top" on that shit, at what price will you sell out?

fuck man I will NEVER sell out, not at 5$ not at 5000$.

we are sitting on a time bomb, it could go off today, it could go off 10 years from now, but its fucking ticking that's for sure

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

cool you actually came up with a formula to match adams prediction Grin

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: ElectricMucus on July 21, 2012, 10:42:37 PM

Quote from: adamstgBit on July 21, 2012, 07:53:24 PM

Have'n a beer watching the game

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

For consistency a correction like from 7.2 to 5 would be either 6.6 for a relative calculation or 7.3 for absolute.

Actually, using the start and end of the rally and a relative calculation:

10^(((log(5)-log(2))/(log(7.22)-log(2)))*(log(9.7)-log(5)) + log(5)) = 8.02
10^(((log(3.87)-log(2))/(log(7.22)-log(2)))*(log(9.7)-log(5)) + log(5)) = 7.03

If things go the same way, we will sustain a crash to 7 but stabilize at 8. That is if 9.7 is the high for this rally, which I very much doubt!

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: adamstgBit on July 21, 2012, 07:53:24 PM

Have'n a beer watching the game

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

For consistency a correction like from 7.2 to 5 would be either 6.6 for a relative calculation or 7.3 for absolute. My bet is on 6.6 Wink

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Have'n a beer watching the game

10$ will either appear next week, or in 4 months

I think its very likely we will be seeing a short term down trend from here. much like 7.20 to 5, this time the 9.50 high will stabilize at 7$ 8$

but in the long term and mid term bitcoin is defiantly going for a never ending bull run.

Its not unreasonable to think an EXTREME price correction on the up side will happen in the next few years, it really wouldn't take much to set off the bomb that is bitcoin

sadpandatech

hero member

Activity: 504

Merit: 500

Re: Guesses on when we'll break $10

Just as soon as a few more deposits clear for me Kiss

p.s. might not make it in over the weekend..

Electricbees

sr. member

Activity: 322

Merit: 250

We are bees, and we hate you.

Quote from: ?? on ??

Quote from: Electricbees on July 21, 2012, 06:26:13 PM

I want price stability more than an extra dollar-value on all my coins... Tongue

I think the coins have to be worth a lot more to achieve any long term stability. If marginally "rich" folks can move the price more than a few cents with a small fraction of their money, well... stability is a pipe dream.

That much is true. I just feel jumping up too quickly is not going to result in good things for anyone...
A lot of sentiment I see looks too blindly bullish. Which scares me a little. That's about it.

The show must go on!

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Coming soon:

Technomage

legendary

Activity: 2184

Merit: 1056

Affordable Physical Bitcoins - Denarium.com

Within 3 days it's very likely that we'll break $10. It's a major psychological barrier and the market is very bullish. The bulls are eager to crush $10. (Almost) everyone wants to see this happen, simply because it's epic.

I also think that Bitcoin could possibly take it without crashing back to single digits. We might overshoot, we might overshoot big time actually, but breaking $10 is not too much yet. It's destined to happen and the more people realize that, the sooner it will be broken.

Honestly I feel that we're currently in a bear trap. At $10++ it might switch to a bull trap eventually but right now I strongly feel we're in a bear trap.

Hold on to your seats guys.

Electricbees

sr. member

Activity: 322

Merit: 250

We are bees, and we hate you.

13 days. My magic crystal ball prediction.

Regardless, I don't really care. I want price stability more than an extra dollar-value on all my coins... Tongue

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Monday or Tuesday.

mc_lovin

legendary

Activity: 1190

Merit: 1000

www.bitcointrading.com

Probably pretty soon. Like 2 days.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: byronbb on July 20, 2012, 05:25:53 PM

Quote from: Piper67 on July 20, 2012, 02:11:11 PM

Quote from: proudhon on July 20, 2012, 02:05:40 PM

Quote from: Mistafreeze on July 20, 2012, 09:51:46 AM

Ask Pirate.

This. Pirate = the bitcoin price.

Rubbish, of course. If Pirate = price then price would be exactly where you have (unsuccessfully) been predicting it's going to be.

Pirate, or someone, is trying desperately to control the price... but isn't.

This is what I looks like to me. When it hits 9 there is a COMEX style smackdown but underlying pressure is there to bring it back up again.

exactly, like gold/silver on comex. good analogy. except the bitcoin world is a lot faster and also mtgox is not paper-bitcoin, meaning pirate might run out of treasure to sell.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: proudhon on July 20, 2012, 02:05:40 PM

Quote from: Mistafreeze on July 20, 2012, 09:51:46 AM

Ask Pirate.

This. Pirate = the bitcoin price.

I forget does Pirate want a quick rally to 11? Kiss

I think this weekend will be quite.

I think i should put my life saving into bitcoin...

Its time.

finkleshnorts

sr. member

Activity: 336

Merit: 250

When Gox goes live again, we may have our answer.

zhalox

full member

Activity: 176

Merit: 106

XMR = BTC in 2010. Rise chikun.

I think we could actually break $10 in the next week or two, perhaps even before August 1st.

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Quote from: Piper67 on July 20, 2012, 02:11:11 PM

Rubbish, of course. If Pirate = price then price would be exactly where you have (unsuccessfully) been predicting it's going to be.

Pirate, or someone, is trying desperately to control the price... but isn't.

Yeah but he's sure doing a good job of profiting off it. How else do you think he can afford those 7% per week payouts?

Topic: Guesses on when we'll break $10 - page 3. (Read 8000 times)