Topic: NEW ATH BY END OF JULY & $5000 PER BITCOIN BY END OF YEAR - page 3. (Read 9271 times)
Guys, the prediction is unrealistic. Hitting $500 is more realistic..
Okay, we still got 11 days to make this happen. $540 gain in 11 days. Sounds daunting, and I'm sure we could do it if all the bulls hadn't already bought in. 
Looks like at best I will be half right by year end.
Okay, we still got 11 days to make this happen. $540 gain in 11 days. Sounds daunting, and I'm sure we could do it if all the bulls hadn't already bought in.
Will donate 0.5 BTC to OP if BTC hits 5k$ before 1 August 2014 
Will donate 5 BTC to OP if BTC hits 5k$ before 1 August 2014
10 folds increase in 5 months is not a rational expectation from investor viewpoint.
Yeah but bitcoin is not a normal investment and that folds are more than usual in this enviroment.
10 folds increase in 5 months is not a rational expectation from investor viewpoint.
Short-live frenzy due to Dell might take us to near 640 but some people will dump nevertheless.
How cool would it be otherwise to have a new bubble started a few hours after Dell's anouncement?
How cool would it be otherwise to have a new bubble started a few hours after Dell's anouncement?
that seems to be the trend. when there's good news like this, it'll go up slightly, and then fall back roughly to where it started.
we really need the ETF to launch if we want to see bitcoin take off.
Just wondering how much selling pressure these big companies make when they accept Bitcoin via payment processors who exchange coins to fiat. BitPay itself processes over $1M/day worth of bitcoin transactions - most of these coins are being exchanged for fiat. Good thing is that this also spreads the coins to larger crowd..
i think thats the main point right now.
a company like dell accepting and promoting bitcoin will increase the adoption-rate and it will be only a matter of time (if its not already the case) that the companies will hold atleast x% of their bitcoins.
@thread
i would rather say new ath at end of the year - i jut dont see enough buy pressure
When I want to buy with Bitcoin, I first buy some new Bitcoin, then use that in my purchase. I'm not touching my cold storage. So that's a net wash in terms of buying vs selling pressure. Though the sell always comes somewhat after the buy. So you might say there is buying pressure for a short time.
Just wondering how much selling pressure these big companies make when they accept Bitcoin via payment processors who exchange coins to fiat. BitPay itself processes over $1M/day worth of bitcoin transactions - most of these coins are being exchanged for fiat. Good thing is that this also spreads the coins to larger crowd..
Will donate 0.5 BTC to OP if BTC hits 5k$ before 1 August 2014
Still 2 weeks to go before we are all rich!
Short-live frenzy due to Dell might take us to near 640 but some people will dump nevertheless.
How cool would it be otherwise to have a new bubble started a few hours after Dell's anouncement?
How cool would it be otherwise to have a new bubble started a few hours after Dell's anouncement?
Heard about Dell. Went shopping. Price slightly up already. It's totally possible, all we need for big money now is the ETF and similar setups, and a lot of sideline money know it.
13 days to go. I guess it could happen, but we have a lot of ground to cover. 
Classic smoothie thread.
OP is very smooth.
My prediction is $3,200 to 3,800 for the upper range of the next big move....this year or next.
I seriously don't think BTC will break $5k before the end of the year, let alone 2 months. Unless a large amount of fiat starts entering the BTC market in the next few weeks, we'll continue our cautious and steady upwards trend, but nowhere near $5k in the next 2 months.
Only way we'll be at $5k by the end of the year is if someone unleashes another Markus and Willy.
The report suggested ~$112Mil systematic injection.
So if say $560Mil came into BTC space, we'd be close to $5000+/BTC ? Assuming there's a correlation.
I'm no whale, but isn't $1/2Billion "chump change", relatively?
http://www.youtube.com/watch?v=iTBODoBaCns
I don't think we'll hit $5000 range in 6 months time, but just saying....
while i do agree that an increase in 'market cap' does not automatically mean the same amount of dollars entered the system (in fact this is almost never the case), i do not know the relation it does have in reality.
But i do know that for the market cap to rise $40 million for example, far less money than $40 million is needed.
But i do know that for the market cap to rise $40 million for example, far less money than $40 million is needed.
Only way we'll be at $5k by the end of the year is if someone unleashes another Markus and Willy.
Not really. During the Nov run up, I estimate that deep pocket whale speculators (worldwide, mind you) pumped in about 10-20% of the fiat that brought us from $150 to $1100. From a $1B market cap to a $12B market cap. Then they traded it back down, and left the market several weeks ago, leaving the market rock bottom at about $4.5B. Now they are slowly starting to re-enter the market. Provided 2-3X the number of whales come back into the market during the next run up, and we have 2-3X more bitcoiners joining the party by that point, hitting $5K/BTC should be trivial.
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