I would be very very happy if price gets to 3000 soon. Like in about 2 months.
Espirito Santo might well help you out a bit there. (Like, say make that "2 weeks" ?
)Dat would be awesome
Topic: Market Doesn't Look to Hold Above $6,000 (Read 8720 times)
Espirito Santo might well help you out a bit there. (Like, say make that "2 weeks" ?
)Dat would be awesome
Ha ha. Now in 2014 and look at the price.
So, people expecting 10 folds increase in price because?
Because why not? It's already sitting at >100 fold over two years. What's another 10?
So, people expecting 10 folds increase in price because?
Because Fiat is highly levered credit money = 1 seat for 10 people
Bitcoin is unlevered base money = 10 seats for 10 people
So, people expecting 10 folds increase in price because?
I would be very very happy if price gets to 3000 soon. Like in about 2 months.
Espirito Santo might well help you out a bit there. (Like, say make that "2 weeks" ?
)
I would be very very happy if price gets to 3000 soon. Like in about 2 months.
Its very interesting when markets get logarithmic 
What is the time frame for the 6k price call?
Never. Maybe 1000 someday.
Hard to see it going back to 1000 when the price is at 620.
Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1
So according to this graph, I buy $200 worth of bitcoin today and wait to the end of 2015 to get at least 30,000 in return. Nice. Why isn't everyone rushing into this?
Poor people should buy $6 worth of Bitcoin, at the end of 2015 they'll have 1,000
Below-average income people should buy $60 worth of bicoin, return of 10,000
Good-income people should buy a Bitcoin, return of 100,000 by 2015.
Carlos Slim should buy 6000 BTC, he'll have 600,000,000
Satoshi could have 1,000,000,000,000.
The reason is the same as when people were not buying Litecoin at half a penny in 2012. The price was depressed and that drove people away.
The same is right now. When people lose money by making bad trades they are forced to find another means to make income they lost and that usually is in the form of a day job. So they leave the community to focus on their financial well-being and then return when the news sites are saying "Bitcoin just hit $5000"...then the cycle repeats.
Most people who have money to invest do not invest until the market is already going up.
My attitude is stay the course if you can afford to. But make sure you do your homework before investing and make your own decisions.
What is the time frame for the 6k price call?
There never was a 6k call.
I made my 5k call to be by the end of 2014.
We will see if I am right.
Look at the logarithmic charts:
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1
I really like your chart there. Nicely done.
Well, it was also hard for me to see it going back to 250 from 100. But it did
Yeah only the first time its hard, later you will be used to see this price swings in bitcoin until it reaches a big market cap.In reality, these swings are pretty common if you are accustomed to financial markets.
Banking shares, in Italy, went down 90% in a couple of years.
So, if someone had shorted these shares, they would have a 10x return in just a couple of years.
But people need to know what they are doing, see what others do not see, and bet against known popular fallacies.
What is the time frame for the 6k price call?
Never. Maybe 1000 someday.
Hard to see it going back to 1000 when the price is at 620.
Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
Yeah only the first time its hard, later you will be used to see this price swings in bitcoin until it reaches a big market cap.
What is the time frame for the 6k price call?
Never. Maybe 1000 someday.
Hard to see it going back to 1000 when the price is at 620.
Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
What is the time frame for the 6k price call?
Never. Maybe 1000 someday.
Hard to see it going back to 1000 when the price is at 620.
Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1
So according to this graph, I buy $200 worth of bitcoin today and wait to the end of 2015 to get at least 30,000 in return. Nice. Why isn't everyone rushing into this?
Poor people should buy $6 worth of Bitcoin, at the end of 2015 they'll have 1,000
Below-average income people should buy $60 worth of bicoin, return of 10,000
Good-income people should buy a Bitcoin, return of 100,000 by 2015.
Carlos Slim should buy 6000 BTC, he'll have 600,000,000
Satoshi could have 1,000,000,000,000.
Because the average Joe six-pack has no knowledge of how exponential growth works. At all, period. All they can see is what is happening today, and maybe tomorrow. That's it. Hell, most didn't even pass rudimentary math in high school.
Most people that knew of bitcoin 2-3 years ago had the same lack of knowledge and vision. They never thought that bitcoin would get beyond $10, even in 5 years. They weren't able to extrapolate shit. So they didn't buy any.
Tim Draper didn't buy $27M worth of bitcoin, hoping it would be worth only $28M in 5-10 years. Or even double at $54M. If that is all the potential that bitcoin has, it would be the absolute worst investment of his entire VC career.
Wobber, you really need to quit trying to insult the intelligence of those who have bought bitcoin and understand exponential growth. You're just making yourself look more like a fool.
What is the time frame for the 6k price call?
Never. Maybe 1000 someday.
Hard to see it going back to 1000 when the price is at 620.
Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1
So according to this graph, I buy $200 worth of bitcoin today and wait to the end of 2015 to get at least 30,000 in return. Nice. Why isn't everyone rushing into this?
Poor people should buy $6 worth of Bitcoin, at the end of 2015 they'll have 1,000
Below-average income people should buy $60 worth of bicoin, return of 10,000
Good-income people should buy a Bitcoin, return of 100,000 by 2015.
Carlos Slim should buy 6000 BTC, he'll have 600,000,000
Satoshi could have 1,000,000,000,000.
What is the time frame for the 6k price call?
Never. Maybe 1000 someday.
Hard to see it going back to 1000 when the price is at 620.
Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1
What is the time frame for the 6k price call?
Never. Maybe 1000 someday.
Hard to see it going back to 1000 when the price is at 620.
Maybe if Amazon announce they will accept bitcoin, price goes up two folds in an instance.
What is the time frame for the 6k price call?
Never. Maybe 1000 someday.
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