I think talking about 2000$ suddenly looks way more distant...
Topic: If current growth rate continues, $2000 by Dec 16 (Read 2109 times)
Also you may want to run your numbers again, this time taking in account the recent news from china
I think talking about 2000$ suddenly looks way more distant...
I think talking about 2000$ suddenly looks way more distant...
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
Agree, Price is following the hashrate! harder it is to mine the longer miners need to hold onto there coins to sell for a profit. Those who control the supply, Control the price! Who do you think owns all the diamond mines. They burn diamonds to to keep the price up!
Now my question/ concern is will this growth continue.
Expand your graph to estimate the price 3 months from now and i think that you 'll get your answer
Now my question/ concern is will this growth continue.
Expand your graph to estimate the price 3 months from now and i think that you 'll get your answer
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
LOL @ 75% never again. wait to see how high/fast this rally goes before thinking that. LOL at > 33%. L oh fucking L
so far youve been right? youve been here 1 month and started posting in the middle of current rally
LOL
I've been here since April. Lurking.
My post is there. Quote it. I'll be the first to admit I'm wrong if I am.
Carry on
unsheathe your sword and we shall battle to the death. my sword is certified from november of this year.
Not to mention lot's of miners (like me) are not selling anything they mine.
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
LOL @ 75% never again. wait to see how high/fast this rally goes before thinking that. LOL at > 33%. L oh fucking L
so far youve been right? youve been here 1 month and started posting in the middle of current rally
LOL
I've been here since April. Lurking.
My post is there. Quote it. I'll be the first to admit I'm wrong if I am.
Carry on
unsheathe your sword and we shall battle to the death. my sword is certified from november of this year.
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
LOL @ 75% never again. wait to see how high/fast this rally goes before thinking that. LOL at > 33%. L oh fucking L
so far youve been right? youve been here 1 month and started posting in the middle of current rally
LOL
I've been here since April. Lurking.
My post is there. Quote it. I'll be the first to admit I'm wrong if I am.
Carry on
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
LOL @ 75% never again. wait to see how high/fast this rally goes before thinking that. LOL at > 33%. L oh fucking L
so far youve been right? youve been here 1 month and started posting in the middle of current rally
LOL
I've been here since April. Lurking.
My post is there. Quote it. I'll be the first to admit I'm wrong if I am.
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
as far as i know, the april crash was coupled with mt gox having serious problems with deposit and withdrawals, which fueled the crash even more. So altough the market will likely have a normal correction after a boom, it will probably not react as heavily as in april. On the other hand the new guys may not know yet that mt gox has huge waiting times for deposits and withdrawals and verification (really they should use kraken), and they may become worried even if it's normal for mt gox to be so slow. So it may result in a similar panic like in april.
either way, I hope i'll respond in time and in the right way to double or triple up my bitcoins.
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
EDIT: I wouldn´t trust an investor, who uses word "never" in his prediction.
"So far" since when? Since april? We have seen 50% swing as late as three weeks ago and that was merely a correction.
However I completely agree, that people, especially new ones will buy more coins, than is mined right now. Otherwise end game and bubble pop wouldn´t be possible so soon
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
LOL @ 75% never again. wait to see how high/fast this rally goes before thinking that. LOL at > 33%. L oh fucking L
so far youve been right? youve been here 1 month and started posting in the middle of current rally
LOL
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
That's not true, only if you assume all newly mined coins are also liquidated each day.
Yes, more or less.
If they are not then the number of ""speculators"" increases wich makes the situation worse later.
I'm a miner myself, and I'm not selling my coins and I also don't consider myself a speculator. Many miners like myself have paid a big number of bitcoins for their miners and they want to mine those coins back and hold most of them for the long term.
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
I'm not so sure that we wont see a -75% crash, in fact im pretty sure we will. however i think that when this happens price will reach equilibrium around 1k, not bad by any means
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
That's not true, only if you assume all newly mined coins are also liquidated each day.
Are you aware, that especially around Christmas the amount needed may be much, MUCH higher. Some miners have social lives too. Others may have been waiting for ROI on their new mining rigs.
Most miners are not dumb, they will sell at January instead because they will have to pay tax one year later...
You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
That's not true, only if you assume all newly mined coins are also liquidated each day.
Are you aware, that especially around Christmas the amount needed may be much, MUCH higher. Some miners have social lives too. Others may have been waiting for ROI on their new mining rigs.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
That's not true, only if you assume all newly mined coins are also liquidated each day.
Yes, more or less.
If they are not then the number of ""speculators"" increases wich makes the situation worse later.
Most miners are in it for the radically new capabilities this technology offers, not so they can cash out for fiat when the price is high enough.
Its interesting to note that during the April bubble we saw around 2500% increase in price(if one assumes that the bubble started around $10) before having a major correction. i think its definitely possible for us to see $2500, and $2000 wouldn't really surprise me. however these levels terrify me because i just don't think they're realistic for the time they would be reached.
If price doesn't have a major correction this month or next, I wont know what to think.
If price doesn't have a major correction this month or next, I wont know what to think.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
That's not true, only if you assume all newly mined coins are also liquidated each day.
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