[prediction] Next spike $560,000 14 {<-oops!} months from now (2017 Update!) - page 27.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: fewcoins on September 30, 2014, 11:19:38 AM

Oh please, everyone who cares or would invest already know about bitcoin & it has been on TV many times... Not only from the reports but from companies like overstock.com (who show the symbol in every commercial)

So someone please tell me where all this new money will come from??? The broke retail investors? LMFAO You think a huge pop will happen ffrom that??? EVEN IF IT SOMEHOW DID POP... You would ALL sell your coins and it will crash the market again. This is a illiquid market scam, look up pump and dumps

Broke retail investors? The stock indices are hitting all time highs off cheap central bank printed cash. Who knows where the next influx of cash comes from. But it got a whole lot easier yesterday.

fewcoins

full member

Activity: 126

Merit: 100

Oh please, everyone who cares or would invest already know about bitcoin & it has been on TV many times... Not only from the reports but from companies like overstock.com (who show the symbol in every commercial)

So someone please tell me where all this new money will come from??? The broke retail investors? LMFAO You think a huge pop will happen ffrom that??? EVEN IF IT SOMEHOW DID POP... You would ALL sell your coins and it will crash the market again. This is a illiquid market scam, look up pump and dumps

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: sgbett on September 29, 2014, 03:46:24 PM

If price is 76k and rising, why would everyone be selling all their coins every day?

Because it is profitable ? You can buy more miners and mine more coins tomorrow.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Unbelive on September 30, 2014, 10:36:06 AM

What you say is funny sine, all we need to do is to solve few faucets and then just wait 5 years and we are millionaires. I think that train left long time ago. Almost million people know of BTC. There are Governors, Mayors running with Bitcoin mention in their program. Governments make conferences of BTC, ...

Is just to late for such increase in price anymore. We are much closer to stable price as most of you realize.

You think?

Ok what happens if circle gets some air time on prime time US TV in say a month. Prior to that month there is some whale buying or an engineered high volume spurt from the bottom and it gets about in the press that bitcoin has risen by 25% in a week. There is a 60 minutes episode on bitcoin being limited and scarce and unprintable or something. Is it beyond the realms of possibility that 1-2 million people sign up for circle de novo and buy say 0.5 to a whole bitcoin each?

What about if we amble around instead slowly between 350 and 600 for the next six months and the ETF is approved. Globally is it a stretch to say that 1-2 million people might invest, including hedge funds wanting some assymetric speculative bets.

If you want to see what 500 million dollars of buying would do to the price have a look at the order books. Now imagine some of that buying taking place with all the speculators on this forum buying and leveraging the hell out of it simultaneously.

It isn't hard to see that bitcoin could 'pop' very easily and very quickly under the correct circumstances. Stable? Pah.

Ibian

legendary

Activity: 2268

Merit: 1278

So many newbie experts.

Unbelive

full member

Activity: 210

Merit: 100

Invest & Earn: https://cloudthink.io

What you say is funny sine, all we need to do is to solve few faucets and then just wait 5 years and we are millionaires. I think that train left long time ago. Almost million people know of BTC. There are Governors, Mayors running with Bitcoin mention in their program. Governments make conferences of BTC, ...

Is just to late for such increase in price anymore. We are much closer to stable price as most of you realize.

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: yayayo on September 29, 2014, 05:43:14 PM

An epic prediction indeed!

It's soo unbelievable, that it could even be true... Cheesy

Actually the explanation makes some sense to me.

What doesn't make sense to me is that OP considers that he will exchange Bitcoin for fiat money in this scenario like he has done in the past. Why? Because as more capital pours into Bitcoin, more goods and services will be available for purchase with Bitcoin. So fiat money quickly becomes obsolete (at least for a bitcoiner) in this scenario.

ya.ya.yo!

Hedging because however high it goes, you can't ever discount the probability of it failing. It's formulaic selling though to keep it unemotional x% per y% rise. The downside is capital gains tax :/ How I'd dearly love to be able to get some COIN in my pension!

At the theoretical $560k I would have sold about half my BTC. What I have left in BTC would still be worth about 7 times more than the fiat I had collected Shocked

That fiat would probably end up divested in metals & equities.

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: fewcoins on September 30, 2014, 01:55:30 AM

Quote from: exocytosis on September 27, 2014, 06:33:02 PM

We'll hit 10k any day now.

Bitcoin is super impressive, and everyone and their grandmothers are jumping aboard this rocket.

LOL! Hilarious!!! Let's keep talking about rising prices when BTC has never increased in value since it passed $1,000 ONCE

Brilliant, the trolls are trolling each other! Lol

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: lyth0s on September 30, 2014, 12:46:43 AM

sgbett please put timestamps on your x-axis or please inform me of what function of time they are.

Bolded and repeated so my post hopefully wont' go unnoticed again.

Roughly, days.

I explained more fully here https://bitcointalksearch.org/topic/m.9005672

fewcoins

full member

Activity: 126

Merit: 100

Quote from: exocytosis on September 27, 2014, 06:33:02 PM

We'll hit 10k any day now.

Bitcoin is super impressive, and everyone and their grandmothers are jumping aboard this rocket.

LOL! Hilarious!!! Let's keep talking about rising prices when BTC has never increased in value since it passed $1,000 ONCE

SmoothCurves

sr. member

Activity: 379

Merit: 250

Your theory sounds crazy but makes sense. Great work!

This graph on trading view suggests a similar outlook, perhaps we'll see near $500k at peak 3: https://www.tradingview.com/v/4vz7szLr/

farfiman

legendary

Activity: 1449

Merit: 1001

lyth0s

legendary

Activity: 1260

Merit: 1000

World Class Cryptonaire

sgbett please put timestamps on your x-axis or please inform me of what function of time they are.

sgbett please put timestamps on your x-axis or please inform me of what function of time they are.

sgbett please put timestamps on your x-axis or please inform me of what function of time they are.

sgbett please put timestamps on your x-axis or please inform me of what function of time they are.

sgbett please put timestamps on your x-axis or please inform me of what function of time they are.

sgbett please put timestamps on your x-axis or please inform me of what function of time they are.

sgbett please put timestamps on your x-axis or please inform me of what function of time they are.

Bolded and repeated so my post hopefully wont' go unnoticed again.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Following this logic, what is the probability do you think that COIN's "IPO" is actually Bitcoin's IPO and that this will be the black swan opening the flood gates?

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: Biodom on September 29, 2014, 04:44:40 PM

Quote from: sgbett on September 29, 2014, 04:35:25 PM

Quote from: Biodom on September 29, 2014, 04:12:18 PM

everything that can happen does happen
http://www.goodreads.com/book/show/12672387-the-quantum-universe

There is a universe where bitcoin is already or will be $560000.
The only question is what is the probability distribution of this event?

Then only that thing happened, because the wave function collapsed.

That's how we were taught. However, the link below provides a different view that, apparently, majority of physicists are now aligned with.
There is no collapse, cat is simply alive in one universe and dead in another.
This has much more appeal to me than the suggestion that the fate of the proverbial cat is decided by a mysterious wave function collapse just as i open the box.
http://en.wikipedia.org/wiki/Many-worlds_interpretation

So modern pretend-scientists are just now catching up with what anime and marvel comics have taught us for decades? Nice.

yayayo

legendary

Activity: 1806

Merit: 1024

An epic prediction indeed!

It's soo unbelievable, that it could even be true... Cheesy

Actually the explanation makes some sense to me.

What doesn't make sense to me is that OP considers that he will exchange Bitcoin for fiat money in this scenario like he has done in the past. Why? Because as more capital pours into Bitcoin, more goods and services will be available for purchase with Bitcoin. So fiat money quickly becomes obsolete (at least for a bitcoiner) in this scenario.

ya.ya.yo!

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: Biodom on September 29, 2014, 04:44:40 PM

Quote from: sgbett on September 29, 2014, 04:35:25 PM

Quote from: Biodom on September 29, 2014, 04:12:18 PM

everything that can happen does happen
http://www.goodreads.com/book/show/12672387-the-quantum-universe

There is a universe where bitcoin is already or will be $560000.
The only question is what is the probability distribution of this event?

Then only that thing happened, because the wave function collapsed.

That's how we were taught. However, the link below provides a different view that, apparently, majority of physicists are now aligned with.
There is no collapse, cat is simply alive in one universe and dead in another.
This has much more appeal to me than the suggestion that the fate of the proverbial cat is decided by a mysterious wave function collapse just as i open the box.
http://en.wikipedia.org/wiki/Many-worlds_interpretation

My gut tells me MWI is wrong, and that's the only argument I have.

Well, apart from this one...

I don't think nature would be so careless as to leave all these other universes lying around. Unless she was a he Wink

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: Odalv on September 29, 2014, 03:33:45 PM

Quote from: sgbett on September 29, 2014, 02:07:05 PM

Quote from: calchuchesta on September 29, 2014, 01:45:25 PM

Mmmm... interesting science fiction read there OP, but why you want to put yourself under such embarrassment 14 months from now? Doing cool math and drawing graphs is different from reality, and your analysis lacks realism.

If in 28 months time the price is 76k. Do stop by and point out how wrong I was Wink

The prediction I made represents the idea of market price being a function of adoption and market sentiment that can be modelled by a sigmoid function and a cyclical function.

If at that time the underlying base price continues to rise in an exponential fashion, and we continue to have boom/bust underpinned by that then I'll probably not be very upset that I got both the timing and the price insanely wrong.

28 months from now we will be in the era when 1800 btc will be minted every day. -> $76k * 1800 = $136 M/day -> $50 B/year for next 3 years ... miners will try to spend $49,000,0000,000 USD/year on electricity to earn $1B USD profit.

but miners don't sell in a bull market

ssmc2

legendary

Activity: 2002

Merit: 1040

Quote from: Biodom on September 29, 2014, 04:44:40 PM

Quote from: sgbett on September 29, 2014, 04:35:25 PM

Quote from: Biodom on September 29, 2014, 04:12:18 PM

everything that can happen does happen
http://www.goodreads.com/book/show/12672387-the-quantum-universe

There is a universe where bitcoin is already or will be $560000.
The only question is what is the probability distribution of this event?

Then only that thing happened, because the wave function collapsed.

That's how we were taught. However, the link below provides a different view that, apparently, majority of physicists are now aligned with.
There is no collapse, cat is simply alive in one universe and dead in another.
This has much more appeal to me than the suggestion that the fate of the proverbial cat is decided by a mysterious wave function collapse just as i open the box.
http://en.wikipedia.org/wiki/Many-worlds_interpretation

I just want to know how to get to the $560k reality if we end up being in the $5 one Tongue

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: sgbett on September 29, 2014, 04:35:25 PM

Quote from: Biodom on September 29, 2014, 04:12:18 PM

everything that can happen does happen
http://www.goodreads.com/book/show/12672387-the-quantum-universe

There is a universe where bitcoin is already or will be $560000.
The only question is what is the probability distribution of this event?

Then only that thing happened, because the wave function collapsed.

That's how we were taught. However, the link below provides a different view that, apparently, majority of physicists are now aligned with.
There is no collapse, cat is simply alive in one universe and dead in another.
This has much more appeal to me than the suggestion that the fate of the proverbial cat is decided by a mysterious wave function collapse just as i open the box.
http://en.wikipedia.org/wiki/Many-worlds_interpretation

Topic: [prediction] Next spike $560,000 14 {<-oops!} months from now (2017 Update!) - page 27. (Read 71514 times)