i tripled in one week 10k to 30K im smiling
To triple ($) you have to sell. Have you sold?
Topic: how high will BTC go by next weekend - 11/15/13 - page 2. (Read 2985 times)
To triple ($) you have to sell. Have you sold?
Quote
Runaway speculation always leads to an economic bubble.
I'll tell that to the guys who invested early in Microsoft, Google and Apple. I'm sure that Bill Gates, Paul Allen, Sergey Brin, Larry Page, Steve Wozniak and Steve Jobs will be very upset to find out that their billions are actually a "bubble" that was due for a correction and that they shouldn't have held their stock, that it was a stupid idea.
I don't mean to sound pompous, but there are so many naive investors in bitcoin right now. What's happening now is speculation, pure and simple. A lot of fanatics were saying in April that it would just keep rising until it hit thousands of dollars, and they were completely serious. And now we're accusing the moderate commentators who declared bitcoin a bubble to be in the wrong? They were absolutely right! And it still IS a bubble. Until anyone can show a legitimate reason that 1 bitcoin is worth $350+ as of right now, it's the very definition of speculation.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
since when does speculation = bubble?
you dont sound pompous, just uneducated. your logic is weak at best. some of the finest business minds in the entire world strongly disagree with you. and put their money where their mouth is.
If you feel this way, think how much money you can make by shorting bitcoin! tell us about your profits so far or go back school.
Runaway speculation always leads to an economic bubble. All I did was merely point out that it's already happened twice with bitcoin and is poised to happen again within the next week or two. Apparently pointing out the obvious is akin to blasphemy around here.
do you even know what a bubble is?? so how much bitcoin have you shorted? since you are so sure?
shouldnt you be looking at your governement bond charts or something/
I don't mean to sound pompous, but there are so many naive investors in bitcoin right now. What's happening now is speculation, pure and simple. A lot of fanatics were saying in April that it would just keep rising until it hit thousands of dollars, and they were completely serious. And now we're accusing the moderate commentators who declared bitcoin a bubble to be in the wrong? They were absolutely right! And it still IS a bubble. Until anyone can show a legitimate reason that 1 bitcoin is worth $350+ as of right now, it's the very definition of speculation.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
since when does speculation = bubble?
you dont sound pompous, just uneducated. your logic is weak at best. some of the finest business minds in the entire world strongly disagree with you. and put their money where their mouth is.
If you feel this way, think how much money you can make by shorting bitcoin! tell us about your profits so far or go back school.
Runaway speculation always leads to an economic bubble. All I did was merely point out that it's already happened twice with bitcoin and is poised to happen again within the next week or two. Apparently pointing out the obvious is akin to blasphemy around here.
I dont own or watch tv regularly and have not for years. So one day im sitting in a restauartnt watching tv and notice all of the commercial have a FACEBOOK logo in them. Im like WTF!?
There was a time when face book was scoffed at. Same with twitter. People spoke of the the same way schmucks speak about bitcoin today
One major commercial insitution makes an announcement, next we will be seeing the Bitcoin logo on superbowl commercials. Then we can start talking about a bubble.
$400 bitcoin will be the good old days and bitcoin will be $5000 or $10,000 or who knows what. Yeah im speculating, but my point is simple. If you have any brains at all, BUY!
There was a time when face book was scoffed at. Same with twitter. People spoke of the the same way schmucks speak about bitcoin today
One major commercial insitution makes an announcement, next we will be seeing the Bitcoin logo on superbowl commercials. Then we can start talking about a bubble.
$400 bitcoin will be the good old days and bitcoin will be $5000 or $10,000 or who knows what. Yeah im speculating, but my point is simple. If you have any brains at all, BUY!
I don't mean to sound pompous, but there are so many naive investors in bitcoin right now. What's happening now is speculation, pure and simple. A lot of fanatics were saying in April that it would just keep rising until it hit thousands of dollars, and they were completely serious. And now we're accusing the moderate commentators who declared bitcoin a bubble to be in the wrong? They were absolutely right! And it still IS a bubble. Until anyone can show a legitimate reason that 1 bitcoin is worth $350+ as of right now, it's the very definition of speculation.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
Laughing at the pompous newbie that doesn't understand the power of bitcoin to revolutionize money or the logarithmic adoption curves that go along with that.
I never said it couldn't revolution currency, but it's not poised to that in it's current incarnation and the current valuation of $300-$350 per coin is ridiculous given the lack of a wide user base, the technical and security challenges that will need to be overcome and ultimately the pesky little fact that it can't even be used anywhere (aside from Reddit and other minor players).
What the bitcoin zealots on this forum seem to overlook is the fact that wild, runaway speculation of an asset does not equal success of said asset. The test is yet to come, and we could very well see the value of bitcoin plummet to zero over the next few years.
I don't mean to sound pompous, but there are so many naive investors in bitcoin right now. What's happening now is speculation, pure and simple. A lot of fanatics were saying in April that it would just keep rising until it hit thousands of dollars, and they were completely serious. And now we're accusing the moderate commentators who declared bitcoin a bubble to be in the wrong? They were absolutely right! And it still IS a bubble. Until anyone can show a legitimate reason that 1 bitcoin is worth $350+ as of right now, it's the very definition of speculation.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
So Gold has a market cap of 7 Trillion market cap because it is a major payment service? Right?
(oh, I forgot, its because of its myriad industrial uses. Correct?)
(oh, I mean, its because it's been considered valuable off and on by different cultures for thousands of years. That's why, right?)
Wait a minute, are you actually comparing a digital currency used (but mostly hoarded) by a small group of Internet enthusiasts to gold?
LMAO... Put the mouse down and step away from the Internet... 
I don't mean to sound pompous, but there are so many naive investors in bitcoin right now. What's happening now is speculation, pure and simple. A lot of fanatics were saying in April that it would just keep rising until it hit thousands of dollars, and they were completely serious. And now we're accusing the moderate commentators who declared bitcoin a bubble to be in the wrong? They were absolutely right! And it still IS a bubble. Until anyone can show a legitimate reason that 1 bitcoin is worth $350+ as of right now, it's the very definition of speculation.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
So Gold has a market cap of 7 Trillion market cap because it is a major payment service? Right?
(oh, I forgot, its because of its myriad industrial uses. Correct?)
(oh, I mean, its because it's been considered valuable off and on by different cultures for thousands of years. That's why, right?)
I don't mean to sound pompous, but there are so many naive investors in bitcoin right now. What's happening now is speculation, pure and simple. A lot of fanatics were saying in April that it would just keep rising until it hit thousands of dollars, and they were completely serious. And now we're accusing the moderate commentators who declared bitcoin a bubble to be in the wrong? They were absolutely right! And it still IS a bubble. Until anyone can show a legitimate reason that 1 bitcoin is worth $350+ as of right now, it's the very definition of speculation.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
Laughing at the pompous newbie that doesn't understand the power of bitcoin to revolutionize money or the logarithmic adoption curves that go along with that.
I dont think the big correction comes soon, still the demand is high and adoption continues, 11/15/13 we might even see $500+
I don't mean to sound pompous, but there are so many naive investors in bitcoin right now. What's happening now is speculation, pure and simple. A lot of fanatics were saying in April that it would just keep rising until it hit thousands of dollars, and they were completely serious. And now we're accusing the moderate commentators who declared bitcoin a bubble to be in the wrong? They were absolutely right! And it still IS a bubble. Until anyone can show a legitimate reason that 1 bitcoin is worth $350+ as of right now, it's the very definition of speculation.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
since when does speculation = bubble?
you dont sound pompous, just uneducated. your logic is weak at best. some of the finest business minds in the entire world strongly disagree with you. and put their money where their mouth is.
If you feel this way, think how much money you can make by shorting bitcoin! tell us about your profits so far or go back school.
I don't mean to sound pompous, but there are so many naive investors in bitcoin right now. What's happening now is speculation, pure and simple. A lot of fanatics were saying in April that it would just keep rising until it hit thousands of dollars, and they were completely serious. And now we're accusing the moderate commentators who declared bitcoin a bubble to be in the wrong? They were absolutely right! And it still IS a bubble. Until anyone can show a legitimate reason that 1 bitcoin is worth $350+ as of right now, it's the very definition of speculation.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
I'm not saying it can't reach $400 or even $500 in the coming weeks, but it will come down hard before long -- have no doubt of that -- because there is nothing right now to base that value on (and don't say because the Chinese are also speculating on it). If bitcoin does eventually become a major payment service, then it won't be a bubble anymore. But that's yet to happen, and nobody can foretell with any certainty whether it actually will or not.
its at 400. my forecast may have been bearish. revising to 500 by next weekend.
like i said, not for the faint at heart....
i tripled in one week 10k to 30K im smiling
like i said, not for the faint at heart....
i tripled in one week 10k to 30K im smiling
Take a look at some of the trading sessions pushing the coins up tens of $ with only a few hundred trades.
There is a MASSIVE bubble forming, it is being driven by sites trading futures and naked short selling of the coins, and the recent 3 pronged dumping of the coins in the last week.
If you can ride it and get out just before the crash… then good luck.
There is a MASSIVE bubble forming, it is being driven by sites trading futures and naked short selling of the coins, and the recent 3 pronged dumping of the coins in the last week.
If you can ride it and get out just before the crash… then good luck.
This.
NOTHING rises forever. It will correct at some point over the next few weeks.
Take a look at some of the trading sessions pushing the coins up tens of $ with only a few hundred trades.
There is a MASSIVE bubble forming, it is being driven by sites trading futures and naked short selling of the coins, and the recent 3 pronged dumping of the coins in the last week.
If you can ride it and get out just before the crash… then good luck.
There is a MASSIVE bubble forming, it is being driven by sites trading futures and naked short selling of the coins, and the recent 3 pronged dumping of the coins in the last week.
If you can ride it and get out just before the crash… then good luck.
yes impossible to predict, but considering the chinese participation, the lack of DDOS attacks, and the news media reporting the bubble belivers were wrong along with the new highs, I think there will be new highs mixed with short periods where everyone catches thier breath.
when everyone sees the new level of stability more and more money will flow into it -- rinse, repeat!
$450 in 7 or 8 days!
when everyone sees the new level of stability more and more money will flow into it -- rinse, repeat!
$450 in 7 or 8 days!
Its basically impossible to predict ha. But I think we will see some pullback soon...I think the price will start to slow and flatline for a bit now that the hype is nearly over...but long term shes a winner
Well...
It went up 50% ($100) in one week!
it doubled in 1 month!
I say it will shoot up to $400, take a breather for a few days, then will close over $450.00 by Friday 11/15/2013.
Just sayin.
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