the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
First the latter then the former, in that order.
No. First was when the Ripple hubris collapsed.
Topic: Guesses on when we'll break $10 (Read 8017 times)
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
First the latter then the former, in that order.
No. First was when the Ripple hubris collapsed.
I predict that not only will Bitcoin slide into negative figures by March, it will also give every single holder a prolapsed colon.
Fact.
Fact.
My guess is that BTC will hit $10 in March 2014
the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
First the latter then the former, in that order.
Got a time frame?
the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
First the latter then the former, in that order.
the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin?
the inevitable collapse of hubris
I betcha when it went from 10$ to 7$ these boards were filled with people talking about 'the huge crash' and 'the big bubble' and how 'bitcoin will never reach 10$ again'.
$10 for a stinky bitcoin, fk that
hmm, guessing $10 per mbtc in September 2015 according to the logarithmic regression chart line.
One big negative story from the media and we will again be seeing bitcoins selling below $100
You mean in addition to the ones they run every week, or...?
Will NEVER happen. You might as well have said in this thread that it was going back to 10 cents.
One big negative story from the media and we will again be seeing bitcoins selling below $100
Maybe you will sell, but I'll not SELL. (I'll buy)
One big negative story from the media and we will again be seeing bitcoins selling below $100
Will NEVER happen. You might as well have said in this thread that it was going back to 10 cents.
One big negative story from the media and we will again be seeing bitcoins selling below $100
You mean in addition to the ones they run every week, or...?
Hah, when I posted my guess it was only 13 days away from hitting 10. Even after the Pirate debacle, in September it was still above 10.
Nice.
Nice.
Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well
Since the thread started, Bitcoin increased in value 37 times over and its still very much at the geeks and early adopters stage. In 2 years it would be surprising if Bitcoin was worth less than $10000 and that assumes that it still is at early adopter stage. Even if only one small country in the world adopts it, Bitcoin will shoot over $100,000 per coin.
How do you justify that last statement when Bitcoin is already more valuable than the base money supply for most small countries?
Well, it's probably more apt to compare bitcoin to M2, not M0. It won't support the same leverage ratios as fiat, so it'll just deflate (gain purchasing power) instead.
But that said, I think getting into 5-digit territory will be MUCH more difficult and take MUCH longer than getting from 3-digits to 4. People have to realize that at a "market-cap" in the $30B range (ie, ~$2500/BTC), it's still just a toy in terms of global relevance.....just like today. All but small countries' M2 is considerably higher, still valued less than hundreds of corps and dozens of individuals, etc. But scale one more order of magnitude into $200B territory, and things change. That would put it in the M2 ballpark of significant nations, and the "market-cap" would be similar to that of the world's most valuable companies. Quite a different story.
TL;DR: Bitcoin can easily scale another order of magnitude on the dynamics that have brought it to where we are today. But after that, it gets MUCH harder.
One big negative story from the media and we will again be seeing bitcoins selling below $100
Memories...
Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well
Since the thread started, Bitcoin increased in value 37 times over and its still very much at the geeks and early adopters stage. In 2 years it would be surprising if Bitcoin was worth less than $10000 and that assumes that it still is at early adopter stage. Even if only one small country in the world adopts it, Bitcoin will shoot over $100,000 per coin.
How do you justify that last statement when Bitcoin is already more valuable than the base money supply for most small countries?
The suspense is killing me ......have we hit $10 already ? 
no, it's just a wet dream. in a dream. and when we wake up it's $4.20 again and I'm able to buy all the bitcoins which I ever wanted to buy.
the inception scheme.
The suspense is killing me ......have we hit $10 already ?
epic resurrection of thread! you got the resurrecta-fu!
Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well
Since the thread started, Bitcoin increased in value 37 times over and its still very much at the geeks and early adopters stage. In 2 years it would be surprising if Bitcoin was worth less than $10000 and that assumes that it still is at early adopter stage. Even if only one small country in the world adopts it, Bitcoin will shoot over $100,000 per coin.
Please bury this topic, I don't even want to see it.
Yes, funny, now we have will Bitcoin hit $1000 threads. In another 2 years it might be funny as well
This was only less than 1.5 years ago.
Bitcoin moves fast!
Bitcoin moves fast!
The suspense is killing me ......have we hit $10 already ?
We have staginflation not hyperinflation. Hyperinflation is often used as a metaphor by libertarians to bitch about the current system but strictly speaking hyperinflation is a brief phenomena when it really occurs because people do get sick of it.
Short short, go tell it to the germans, it lasted 4 years
But you're right we're not in an hyperinflation system. Not yet at least
Um, yesterday! It will hit $10 yesterday. I really want to win this car. 
Have'n a beer watching the game 
10$ 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 at7$ 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
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
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.
look go to Google
type in "never ending bull run"
click images
the very first image is me cheering
i am not kidding, do it
I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh
Spoken like someone who truly doesn't understand hyperinflation.
We have staginflation not hyperinflation. Hyperinflation is often used as a metaphor by libertarians to bitch about the current system but strictly speaking hyperinflation is a brief phenomena when it really occurs because people do get sick of it.
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 at7$ 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
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
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.
look go to Google
type in "never ending bull run"
click images
the very first image is me cheering
i am not kidding, do it
I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh
Spoken like someone who truly doesn't understand hyperinflation.
Third time's the charm? Perhaps after recovering from this dump (which is not impossible, given that we recovered from the dump from 9.5 to 7.3) we will finally break $10.
What do you think? This month, or is 9.49 the 2012 high?
What do you think? This month, or is 9.49 the 2012 high?
my prediction : $10 value will be reached and exceeded on 3 August 2012 at 15.45 GMT
I was wrong !
Third time's the charm? Perhaps after recovering from this dump (which is not impossible, given that we recovered from the dump from 9.5 to 7.3) we will finally break $10.
What do you think? This month, or is 9.49 the 2012 high?
What do you think? This month, or is 9.49 the 2012 high?
my prediction : $10 value will be reached and exceeded on 3 August 2012 at 15.45 GMT
Have'n a beer watching the game
10$ 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 at7$ 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
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
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.
look go to Google
type in "never ending bull run"
click images
the very first image is me cheering
i am not kidding, do it
I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh
I'm sorry I wont wake you up from your crazy never ending bull market wet dream lol
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 at7$ 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
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
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.
look go to Google
type in "never ending bull run"
click images
the very first image is me cheering
i am not kidding, do it
I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh
I'm sorry I wont wake you up from your crazy never ending bull market wet dream lol
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 at7$ 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
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
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.
look go to Google
type in "never ending bull run"
click images
the very first image is me cheering
i am not kidding, do it
I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh
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 at7$ 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
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
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.
look go to Google
type in "never ending bull run"
click images
the very first image is me cheering
i am not kidding, do it
I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh
hehe
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 at7$ 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
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
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.
look go to Google
type in "never ending bull run"
click images
the very first image is me cheering
i am not kidding, do it
I'm sorry can't do it mate. I've already done the research on how markets work. There is no "never ending bull" market. That's like saying the price can only go up. Even in hyperinflation the bull run ends. DUhhh
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 at7$ 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
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
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.
look go to Google
type in "never ending bull run"
click images
the very first image is me cheering
i am not kidding, do it
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 at7$ 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
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
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.
fuck man I will NEVER sell out, not at 5$ not at 5000$.
That's my exit strategy, man!
what your going to sell high? you sell high, I'll buy low
"exit strategy" what a dummy
fuck man I will NEVER sell out, not at 5$ not at 5000$.
That's my exit strategy, man!
Have'n a beer watching the game
10$ 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 at7$ 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
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
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$.
we are sitting on a time bomb, it could go off today, it could go off 10 years from now, but its fucking ticking that's for sure
cool you actually came up with a formula to match adams prediction
Have'n a beer watching the game
10$ 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 at7$ 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
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
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!
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 at7$ 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
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
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
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 at7$ 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
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
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
Re: Guesses on when we'll break $10
Just as soon as a few more deposits clear for me
p.s. might not make it in over the weekend..
Just as soon as a few more deposits clear for me
p.s. might not make it in over the weekend..
I want price stability more than an extra dollar-value on all my coins... 
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.
A lot of sentiment I see looks too blindly bullish. Which scares me a little. That's about it.
The show must go on!
Coming soon:
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.
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.
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...
Regardless, I don't really care. I want price stability more than an extra dollar-value on all my coins...
Monday or Tuesday.
Probably pretty soon. Like 2 days.
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.
I forget does Pirate want a quick rally to 11?
I think this weekend will be quite.
I think i should put my life saving into bitcoin...
Its time.
When Gox goes live again, we may have our answer.
I think we could actually break $10 in the next week or two, perhaps even before August 1st.
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.
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?
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.
Trolling proudhon? I hope...
Yeah, a little bit.
August 2012
Trolling proudhon? I hope...
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.
A good analogy here is suppressing forest fires and letting the fuel in the forest build up. For a while this can work very well. No forest fires, but sooner or later there will be an out of control mega blaze far larger and hotter than any of the fires that were suppressed.
My guess is by September 1st if not sooner.
Pirate, or someone, is trying desperately to control the price... but isn't.
Or maybe lots of people are buying and a few people are selling.
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.
Unstably before the end of this month, Stably a month after that.
-bgc
-bgc
Ask Pirate.
ineeded's rockets go in opposite direction
Third time's the charm? Perhaps after recovering from this dump (which is not impossible, given that we recovered from the dump from 9.5 to 7.3) we will finally break $10.
What do you think? This month, or is 9.49 the 2012 high?
What do you think? This month, or is 9.49 the 2012 high?
As soon as you post a rocket
I'd make a bet any time that $9.49 will not be the 2012 high. However, I don't know when we hit $10. It's healthy that there was a dump and a correction, the rally was on overdrive. It would be nice if we could just stay around $8 for a while and have some time to think about the situation. Then after that I think $10 can be broken. With quick rallies everything is difficult because there is no time to think. Now I hope there is some time to think and people can make a better decision on what bitcoins are worth.
perhaps next week?
Third time's the charm? Perhaps after recovering from this dump (which is not impossible, given that we recovered from the dump from 9.5 to 7.3) we will finally break $10.
What do you think? This month, or is 9.49 the 2012 high?
What do you think? This month, or is 9.49 the 2012 high?
Jump to: