Topic: NEW ATH BY END OF JULY & $5000 PER BITCOIN BY END OF YEAR - page 2. (Read 9271 times)

Complete agreement, on each of your points - long term: huge potential, short term: selling pressure outweighs buying pressure, mid term: not 100% certain what the next reliable "new fiat event" will be.

okay so we are discussing apples and oranges.

My thoughts were always long term.

Dell accepting BTC is a HUGE sign of things to come.

Anyone not getting aboard the train is going to be left behind for any scraps if there are any.

I'm not talking about the distant future of how big Bitcoin can grow. That is irrelevant. I'm talking about the present and immediate future. Some of these companies may hold a small amount of Bitcoin but you have to admit you are living in a Bitcoin bubble fantasy if you think most of these big vendors are holding onto their coins.

It's going to be a long while before the majority of big vendors don't auto trade most of their bitcoins into fiat. That's just a simple fact.

What we are going through is a painful transition period that I don't think many people saw coming a year ago, where each new major vendor announcement is actually ironically adding to Bitcoin selling pressure.

That said, everything I've written is of course moot if something causes an epic spike in buying pressure. Some say the ETF's and Wallstreet could spearhead the pump - myself, I am not so sure.

You may misinterpret me as bearish, I'm not. I have significant BTC holdings (all I will say is greater than 3 digits) and I'm a true believer in the long term which is why I hold. But I have a lot of uncertainty about the short term. I will be the first to go nuts if we hit $5k anytime in the next couple of years. I just don't see much happening in 2014 in terms of another crazy price rise like we've seen so many times in the past.

We shall see.

Yes but you can't assume they sell 100% of their coins they collect either.

Dell's yearly revenue shows how big Bitcoin can grow.

You clearly are ignoring this glaring fact.

Except every new major vendor that accepts Bitcoin actually puts downward selling pressure on the price, as they sell received Bitcoin for fiat. Going to take a while before all the big vendors stop doing that. Investors in your average company wouldn't be too happy about them holding company profits in a volatile investment instrument (BTC).

Long term I believe we're going way up. But I also believe it's going to take longer than people think.

The price is not going anywhere anytime soon unless some major news comes out that we all have not been aware of

End of July is coming closer every day now.

Stagnation is the sign for strong rally in the past.

$500 is more likely but after this period of stagnation is time to start another rally.
Maybe it won't hit 5000$, but 1500$ will be enough!

Half right as in my $5000 year end prediction.

And no Chinese can go suck it. Bitcoin doesn't care about China and all of their "bans".

Bitcoin doesn't need China.

Bitcoin > China

Why not donate 100 btc then? Since the odd of it happening in less than 10 days is virtually zero.

Hi, so im trying to gather some opinions on this matter: I saw a recent comparasion with this graph to Bitcoin, im trying to study the similarities of the development in price of a successful business like MS that achieves global acceptance with Bitcoin, im still not convinced by the analogy but anyway, here is the graph and im willing to hear what are you thoughts on this:

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2Fs9txjFP.jpg%26t%3D542%26c%3DwS4KogEqGWuJhg&t=542&c=VlEwy23hs-veGA

Also, another prediction i've heard a couple times is 1 trillion cap in less than 10 years, can it be done?:

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi4.minus.com%2FiLGzkQ56MlcWJ.jpg&t=542&c=4VVKCkgR3gizGQ

At this moment in time, the truth is that none of us no fucking  anything about what the price will be and when the price will hit said targets.

It's not going anywhere, and in my opinion it's only going to raise with a bit of time. I'm not basing this on past trends rather basing it on current news/happenings

A company that has a yearly revenue of $50+ billion just started accepting bitcoin for payment.

That should be a clear sign that Bitcoin can hit $50 billion easily as other merchants will flock to support bitcoin payments in the near future.

Bitcoin marketcap is ~$8 billion now. You do the math. 

we would hit 1000 tomorrow if people just knew how to hold and not sell!

I personally have a 25K CAD bet with my brother that BTC will hit $1000 this year. He's a fool. He's the only one I know who shorted BTC and also the only person I know who knew about bitcoin at 15$ and has lost money on it. (due to the shorting of course)


VIVA LA BITCOIN.. and litecoin... and cloakcoin!

On both direction. Remember the risk associated with holding the coin.

Ha, we could actually still see a new ATH this July, but I wouldn't want to bet on it. We'd need a big choo choo tonight or tomorrow to get the train started for next week. And I do expect a more gradually rise before the bubble (if it comes at all).

lol, optimist like you allways take the grim of my face.
But lets be objective for a second here, as you are talking about increasing the marketcap from roughly 8 billion to 64 billion usd.

Fast increase in price also means thinner support lines holding that price, and when u loose those due to some  guy's cashout, you also loose trust.
It is much better to return to 1k area and sit there for atleast few months , before considering higher numbers.

There is a strong support at around 400 level, price below 350 is a good buy.

2500$ by year's end? Possible, but don't forget a small detail: you'll have to turn Chinese media positive on Bitcoin and have the PBoC reverse it's stance too.
Otherwise, in a bullish scenario, just breaking the ATH sometime in November - December. In a bearish scenario, capitulation below 340$.