Author

Topic: How long will we continue to push new highs? (Read 5547 times)

hero member
Activity: 910
Merit: 501
November 18, 2013, 07:54:50 PM
#67
Have to resurrect this thread, because it seems appropriate right now and because of how much the OP made me laugh back then.

He makes me laugh LESS than the people claiming $450 was the peak and that we should all sell....where are those guys now? Still waiting on the sidelines to get back in?
newbie
Activity: 19
Merit: 0
November 18, 2013, 07:48:04 PM
#66
Have to resurrect this thread, because it seems appropriate right now and because of how much the OP made me laugh back then.
hero member
Activity: 898
Merit: 1000
JESUS FUCKING CHRIST

OH SHIT, OH SHIT, OH SHIT

...PHEW. Here we go again...  Wink
sr. member
Activity: 343
Merit: 250
JESUS FUCKING CHRIST

OH SHIT, OH SHIT, OH SHIT
hero member
Activity: 955
Merit: 1002
The international interest is worth looking at - especially in China:

http://bitcoincharts.com/charts/btcnCNY#igWeeklyzm1g10zm2g25zvzcv

legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Yeah, actually, I guess it means if it does crash, you can buy all their btc from them at a discount rate Cheesy
legendary
Activity: 1176
Merit: 1010
Borsche
like when you tell a friend to not buy a lottery ticket, then you bought it yourself and it turned out to be worth millions Wink
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Well you're not much of a friend if you told people not to buy at $33 lol... fail logic.

Like when you tell a friend not to drive home drunk but he still makes it home OK anyway?
legendary
Activity: 1400
Merit: 1013
If the price action seems scary and has you stressed, go to weekly chart, log scale, data all the way back to 09. Makes the recent run look relatively benign compared to the moves in 2010 and 2011. Then take a Valium...no worries.  Cool
Make sure to switch to displaying volume in currency. It makes the recent run look a lot stronger than 2011.
legendary
Activity: 1820
Merit: 1000
If the price action seems scary and has you stressed, go to weekly chart, log scale, data all the way back to 09. Makes the recent run look relatively benign compared to the moves in 2010 and 2011. Then take a Valium...no worries.  Cool
hero member
Activity: 898
Merit: 1000
The answer to this post is the same answer to this question:

How long is a piece of rope?  Grin

TC



6 months?
sr. member
Activity: 353
Merit: 250
I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning

it doesn't matter.  sell when you can get your investment out -- whatever left, play with it.  It's all just gambling anyway.

If you are all in, reset to state that is not going to break you.

Got up again - for another WTF morning Smiley

Thanks for your kind advice! Wenn I started this whole thing (mining and then buying about 2 years ago) I decided that all money I spent is something I can afford to loose completely.

legendary
Activity: 1025
Merit: 1000
member
Activity: 114
Merit: 10
You can't be Serious?!?
The answer to this post is the same answer to this question:

How long is a piece of rope?  Grin

TC

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

Well you're not much of a friend if you told people not to buy at $33 lol... fail logic.
vip
Activity: 812
Merit: 1000
13
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

That's what people were saying at $20.

It was true then too. I'm still considering buying more bitcoin but it's because I'm convinced of the long-term strengths, not because I see it shooting up.
legendary
Activity: 1002
Merit: 1000
Bitcoin
I don't see kids buying BTC at $100 just for fun, and ordinary folks neither. For that, BTC needs a killer app.

Oops, did I just say 'will not cross $100'?  Roll Eyes

Kids will buy mBTC or Satoshi, dont matter if 1 BTC is priced @ 10k$
sr. member
Activity: 364
Merit: 250
I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning

it doesn't matter.  sell when you can get your investment out -- whatever left, play with it.  It's all just gambling anyway.

If you are all in, reset to state that is not going to break you.
sr. member
Activity: 353
Merit: 250
I'm scared a bit.. also mesmerized. Should go to bed but really have no idea what the price will be in the morning
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
JESUS FUCKING CHRIST
sr. member
Activity: 358
Merit: 250
great to watch isn't it? about 5k coins bought.
legendary
Activity: 4760
Merit: 1283
Just now watching ClarkMoody (my having no television.)  There's a hungry hungry hippo out there.
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians

friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

That's what people were saying at $20.
legendary
Activity: 4760
Merit: 1283

friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.

Ya, well this forum was full of sage advice from 6/2011 to 11/2011 about how it was stupid to pump money into a falling market.  With very limited exceptions (particularly ~cypherdoc) most people were on death watch.

I tried to assess what a solution such as Bitcoin _could_ be worth and came up with a high number.  Much higher than we see even today in fact.  So I did my own thing and have never regretted it.

legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

friends don't let friends buy bitcoin at an all time high....

I am bullish but this is true. Don't chase the market.
legendary
Activity: 4760
Merit: 1283
I'll probably sell a few when we hit $4000.

I'm getting pretty close to the point where I'll want to recoup my initial outlay.


My plan was to sell 1/5 when that would have recouped my investment. That day is long overdue and I haven't sold a satoshi. Why? There is not much to buy in the market.

It would feel kinda stupid to sell for fiat, and I already have loads of silver and enough gold.

...

My target had been 1/10, but the questions about block size through in enough concern in my mind to shift it down some.  I still would rather see closer to $60 than todays $40.  I wrote off the money as I put it into Bitcoin so it won't be the end of the world if I don't proceed with this adventure.

I'm in the same boat wrt PM's.  I'm happy to have USD and there are some projects I have which could absorb them in a hurry.  My big hang-up is that I don't wish to give any of the exchanges scans of my identification documentation.  Hopefully the Coinlab/SVB goings-on can provide me a way to get over that little hurdle.  Or I can just find someone to do a Person2Person transaction with.

donator
Activity: 1722
Merit: 1036
I'll probably sell a few when we hit $4000.

I'm getting pretty close to the point where I'll want to recoup my initial outlay.


My plan was to sell 1/5 when that would have recouped my investment. That day is long overdue and I haven't sold a satoshi. Why? There is not much to buy in the market.

It would feel kinda stupid to sell for fiat, and I already have loads of silver and enough gold.

Besides I just today enabled for some of the owners in Silverbank (www.silverbank.net) the opportunity to switch from silver to bitcoins. There is $4M worth of silver there and we believe about 10% would do the switch in 2 months.

Another 3 days of bitcoin supply gobbled up from the market...Cheesy
legendary
Activity: 4760
Merit: 1283

I'll probably sell a few when we hit $4000.


I'm getting pretty close to the point where I'll want to recoup my initial outlay.  Most of the remainder of my BTC I'll likely sit on for many years irrespective of what happens to the price.  Unless I see a looming terminal fracture of the system of course, or some other system evolves which I would prefer to support.

hero member
Activity: 561
Merit: 500

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.


This would certainly explain the recent price movement.

I'll probably sell a few when we hit $4000.
legendary
Activity: 1414
Merit: 1000

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.


This is Bitcoin the raw capitalism.
legendary
Activity: 4760
Merit: 1283

Looks to me like perhaps several well capitalized people are waiting for the sell side to fill out then hoovering up what they can in a cyclic manner.  This will probably go on until all or most of them no longer see a significant undervaluation (vs. when they run out of money.)  Could be at $40 or $400 (or even $4000) and there is no way to know.

When it starts to roll over it would mean that one or fewer big fish are still in the game and those who wanted to sell some (including myself) will probably panic causing a pretty sharp dip.

If Bitcoin remains on a fairly healthy trajectory (with semi-mainstream ventures adopting it and largely positive mainstream news) I would expect that the big fish are right and the price will eventually far exceed where the current 'bubble' that we are in peaks out.  Though it could take years.  This because I expect that most of the big fish did not get that way by being stupid.

legendary
Activity: 1176
Merit: 1010
Borsche

He has sold a few coins on bitcoinfriends, roughly .5 seconds worth of trades on gox in the last month.

Ok I see. A rather pointless service, given localbitcoins where you can get your one coin in an hour without becoming a trusted friend on facebook Smiley But whatever tickles. For someone who tries to promote an idea of bitcoin, he did an amazingly shitty job with useless rants on "This market is bullshit" instead of trying to educate himself and his "friends". I like how bitcoin shakes off weaklings. It may be cruel, but we have enough adoption as it is, don't need people spreading unfounded FUD.
hero member
Activity: 648
Merit: 500

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

his customers were not buying at 20 as well, so that gives a perspective Smiley my guess is these are imaginary customers.

He has sold a few coins on bitcoinfriends, roughly .5 seconds worth of trades on gox in the last month.

My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

+1 people  Some people enjoy being told the truth. I could lie to them and do what is done around here. buybuybuybuy it is a great deal buy, but that is not my style. I tell the truth as i see it..always. You know what you are getting with me.

I have found that honest is truly the best policy. Some people call me brutally honest, because i tell people the truth even if I know they dont what to here it.. So ladies dont ask me if you look fat in that dress!  

The truth is not subjective. What you spew is subjective FUD you refuse to back up with any logical analysis when questioned on the reasoning used when reaching your "conclusions".  Honesty IS the best policy. Traipsing around pretending to have done any kind of methodical research about the market you claim to be "heavily involved" in does not an honest man make.

If you want to be taken seriously, stop pretending to understand what's going on, READ the incredibly valuable information found here and on the wiki, and think about what you post instead of spamming the forums with nonsensical garbage.

Everyone seems like an elitist asshole to you because you don't know what you're talking about.  There are plenty of bears here who do not get razed nearly as much as you because, while misguided and most often wrong, they attempt to think logically about their argument and present their findings in a clear and concise manner. Try it sometime. You'll be surprised how quickly others reactions to you change.
legendary
Activity: 966
Merit: 1000
My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

+1 people  Some people enjoy being told the truth. I could lie to them and do what is done around here. buybuybuybuy it is a great deal buy, but that is not my style. I tell the truth as i see it..always. You know what you are getting with me.

I have found that honest is truly the best policy. Some people call me brutally honest, because i tell people the truth even if I know they dont what to here it.. So ladies dont ask me if you look fat in that dress! 
legendary
Activity: 1176
Merit: 1010
Borsche

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

his customers were not buying at 20 as well, so that gives a perspective Smiley my guess is these are imaginary customers.
hero member
Activity: 648
Merit: 500
My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....

Hey Adam, I know a really great place to buy cheap coins when the market crashes... Grin Grin Tongue Tongue Grin Grin
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.

friends don't let friends buy bitcoin at an all time high....
hero member
Activity: 648
Merit: 500
My customers are not buyers at this point. I say any day we crash

And why exactly are your customers not buying? Perhaps, and this is just wild speculation on my part, it's because you told your customers bitcoin is bubbling and they will lose all their money if they do.
full member
Activity: 224
Merit: 100
DigiByte Founder
My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.
Best prediction yet! lol
legendary
Activity: 2271
Merit: 1363
I saw a thread where proudhon advised to sell. So no correction coming any time soon.  Grin
legendary
Activity: 966
Merit: 1000
My customers are not buyers at this point. I say any day we crash
hero member
Activity: 648
Merit: 500
We will continue to push new highs until the market finds equilibrium. Such is the way of the free market economy.


Vague, supercilious answer aside, given the current adoption, transaction and exchange volume, and publicity, I'm putting my money on $117.17 by August 17th, 2013.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
If the blow-off top was only one day this time, then it is over already.
If not, then you are watching a dramatic mutli-day medium-term high.
If you think this is "a new type of economy that always goes up", then you should invest in the 2001 dot-com bubble.
hero member
Activity: 518
Merit: 500
It'll keep going up as long as bears like Adam and Proudhun keep trying to tell people to sell because they have "foreseen it" or whatever silly bear logic  they can come up with.
hero member
Activity: 811
Merit: 1000
Web Developer
Wordpress, reddit, now namecheap. The mainstream dominos are starting to fall, within 6 months Bitcoin will be standard, which means potentially exponential growth. My estimation is that it will level off around $3000 USD by Jan 1st, 2014.
Quite an estimation... I'd be surprised & happy to see even $100/BTC by the end of the year.
full member
Activity: 163
Merit: 100
Wordpress, reddit, now namecheap. The mainstream dominos are starting to fall, within 6 months Bitcoin will be standard, which means potentially exponential growth. My estimation is that it will level off around $3000 USD by Jan 1st, 2014.
hero member
Activity: 1302
Merit: 502
How do you define smart money around here?

smart money
See BitcoinCheesy
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
How do you define smart money around here?
newbie
Activity: 53
Merit: 0
I am watching it but not very closely, sold enough of my coins to get back all my initial investments, still have a few left over so anything from here on out is profit, IF it rises a bunch, good i will make some more money, if it drops a lot, well at least i already got my seed money out!  Smiley
legendary
Activity: 1036
Merit: 1000
Everyone should note that the climb is steady, but on an exponential axis. These 10% moves in a day just look more dramatic when we are at $40 than when we were at $20.

Yup. All the recent price action looks yawnworthy on a log-scale chart.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Everyone should note that the climb is steady, but on an exponential axis. These 10% moves in a day just look more dramatic when we are at $40 than when we were at $20.

Nah, I was blown away by the rocket towards (and from) $16, despite being very bullish at that time.
legendary
Activity: 1025
Merit: 1000
Seriously. I've stopped measuring Bitcoins value in dollars and just go by how many times I yell JESUS FUCKING CHRIST at my screen.

My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

lmao this is hilarious, and one of the more believable predictions  Grin
hero member
Activity: 520
Merit: 500
Everyone should note that the climb is steady, but on an exponential axis. These 10% moves in a day just look more dramatic when we are at $40 than when we were at $20.
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
$100 is a major psychological threshold, that is for sure. I can't see the rally going past that, there will be a correction before we go over it.

We are on our way to a billion dollar market cap though. It's almost inevitable. I just don't think it will go straight from $400M to $1B, there will be a correction somewhere in between.
hero member
Activity: 1302
Merit: 502
My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

Best prediction I've ever read.

I lost it at the SWEET / AWW HELL YEAH pattern, lmfao.

Technical bronalysis
full member
Activity: 196
Merit: 100
Another block in the wall
I think it'll start going down soon.

+1 it really should have some kind of downward move soon...

bitcoin is NOT highly distributed, and their are people that hold   1/4 a million or even millions of bitcoins, one of these days the price will stop going up and start heading back down, because of these people.



Nonsense.
legendary
Activity: 3122
Merit: 1538
yes
I don't see kids buying BTC at $100 just for fun, and ordinary folks neither. For that, BTC needs a killer app.

Oops, did I just say 'will not cross $100'?  Roll Eyes
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
I think it'll start going down soon.

+1 it really should have some kind of downward move soon...

bitcoin is NOT highly distributed, and their are people that hold   1/4 a million or even millions of bitcoins, one of these days the price will stop going up and start heading back down, because of these people.

member
Activity: 95
Merit: 10
My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.

fucking lol
legendary
Activity: 1038
Merit: 1000
Bitcoin entrepreneur and Pro Trader
Push it to the limit
sr. member
Activity: 343
Merit: 250
My guess is we'll see at least 7-10 "JESUS FUCKING CHRIST"s between now and the top. After that, I expect a 3-5 "OH SHIT, OH SHIT, OH SHIT" correction before the rally resumes, possibly in the familiar "SWEET" / "AWW, HELL YEAH" pattern. But that's all of course just speculation.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
We are up 2 Jesus F#
full member
Activity: 215
Merit: 105
Poorer than I ought to be
I think it'll start going down soon.

It HAS to right??  Eventually?  Still calling the 2013 low around $8USD, but my confidence has admittedly waned a bit over the past month
administrator
Activity: 5222
Merit: 13032
I think it'll start going down soon.
sr. member
Activity: 350
Merit: 250
I think it will push atleast $50.. Very anxious to see how fast! Also I believe it will level off around $50-$55 but I think it will surpass this mark first perhaps near $100/Btc before settling around $50
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
Seriously. I've stopped measuring Bitcoins value in dollars and just go by how many times I yell JESUS FUCKING CHRIST at my screen.
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