I like to buy high and sell low
Really??? I can give you instant gratification. I can sell you one coin for $500000!!
500.000 is much lower then 560.000, so this is good job for any daytrader.
Topic: [prediction] Next spike $560,000 14 {<-oops!} months from now (2017 Update!) - page 31. (Read 71521 times)
September 28, 2014, 06:00:22 AM
Really??? I can give you instant gratification. I can sell you one coin for $500000!!
500.000 is much lower then 560.000, so this is good job for any daytrader.
September 28, 2014, 04:52:14 AM
Good analysis
~ The inevitable is coming and bitcoin will be mainstreamed .... too bad some people don't see it ~
~ The inevitable is coming and bitcoin will be mainstreamed .... too bad some people don't see it ~
September 28, 2014, 04:51:02 AM
Highly doubt this would happen, sorry to say but your prediction is WELL OFF!
How can you know the future until it has happened? Don't be silly.
Hear hear sgbett on writing a bullish post for a change. To a newbie or lurker happening upon the forum by chance they would probably think bitcoin 'the project' is dead and buried. That the price is the only measure of bitcoin's success and it is 'game over'. It is doom and gloom because in recent months the price hasnt gone up. No mention of the fact that the price is up 4x from the previous year!
When the price turns back upwards and the pent up demand from sellers and newbies and institutions alike drives the next mania, posters like exocytosis and xiaoxiao will have missed out again. That is if they are not wiped out playing with leverage in a volatile market. Amazing how difficult some people find it to simply invest a % of your wealth in something which has huge potential speculative gains and hold on to it.
September 28, 2014, 04:39:43 AM
Highly doubt this would happen, sorry to say but your prediction is WELL OFF!
September 28, 2014, 04:25:46 AM
Could someone please add dates to the x-axis? I don't see the units, is it function(days from today)? Where function=sin?
I've just seen the chart. Didn't read the post properly,
Scrath that it doen't make sense.
September 28, 2014, 01:38:34 AM
I like to buy high and sell low
Really??? I can give you instant gratification. I can sell you one coin for $500000!!
September 28, 2014, 12:40:56 AM
sgbett, your post is like water to a parched tounge and a cool breeze on a hot day. Thank you! 
September 27, 2014, 11:56:14 PM
September 27, 2014, 11:53:15 PM
Could someone please add dates to the x-axis? I don't see the units, is it function(days from today)? Where function=sin?
September 27, 2014, 11:43:10 PM
it only takes ONE major entity; bank, company, government, person to buy in and others will follow, not wanting to be left outside.
This is wishful thinking. Tim Draper already jumped in with >30000 coins purchase. Nobody followed him, sorry.
Second market stagnated as well.
not mainstream enough. try again.
even your argument that "nobody followed him" is patently untrue.
it is not wishful thinking. and at the rate we are at, it could possibly happen within a year from now.
September 27, 2014, 11:35:53 PM
it only takes ONE major entity; bank, company, government, person to buy in and others will follow, not wanting to be left outside.
This is wishful thinking. Tim Draper already jumped in with >30000 coins purchase. Nobody followed him, sorry.
Second market stagnated as well.
September 27, 2014, 11:34:01 PM
I like to buy high and sell low
better sell now before its too late!
September 27, 2014, 11:25:14 PM
prolific posting
this has been my opinion the moment I grasped the idea of Bitcoin and the importance of its network effetct
to quote rpetila the amount of Bitcoin pregnancies is at an ALL TIME HIGH
there are already extremely wealthy entrenched interested that have jumped on board.
there will be a tipping point, a black swan event that will see a mass exodus of fiat money into Bitcoin
it only takes ONE major entity; bank, company, government, person to buy in and others will follow, not wanting to be left outside.
another considerable impact will be customers that, with the help of companies like Circle, will be able to transfer to BTC seamlessy. Peter R had a great post describing a sort of "enlightenment" he had about individuals around him having the ability to so easily "invest" in BTC's wave through their smartphone app. I could easily empathize with him. I too, have friend who I have discussed BTC with and know it only takes ONE upside move for them to jump in. the moment Circle is open for everyone in the world to use it will be an enormous step forward for Bitcoin.
one thing is for sure, corporations are not going to be left behind. the moment they feel that are losing a grip on things, their move will be swift and indeed, massive. they will have their own arms race where every one will compete for a bigger stake.
from there on it is every man for its own
September 27, 2014, 11:08:11 PM
I like to buy high and sell low
September 27, 2014, 10:07:52 PM
The described scenario is theoretically possible, but can occur only if there is a crash in other currencies or financial markets.
People seems to be quite content with using fiat. Why would they change, except in special cases, like sending money?
What is the impetus for every day use?
If all mined coins are sold (just for the sake of argument), then it results of $526 mil being sold into the system per year.
There are only four funds that are buyers and these are relatively small funds. The only other buyers might be large family offices.
In a personal example, I am a relative enthusiast (I accumulate, mine, etc.), however I don't use bitcoin for much of anything because it seems silly to exchange it for goods (other than miners) at the current super low prices with me putting up quite a lot of cash getting measly btc at the moment. None of my family have used bitcoins for anything, even if they are fully aware of bitcoin from my interest. I am quite sure that this situation is rather typical.
Perhaps, we are too impatient and it will take years/decades for usage to improve, but the last 11 mo has been a general disappointment: too much talk about esoteric usage (Etherium, etc) and too little improvement in day-to-day activities (wallets, security, etc.).
There will be a more or less global Cyprus in the coming years. Legislation to steal from peoples bank accounts is already in place or being put in place. By 2016 it will be legal, and they are making it legal because it is going to happen. Germany won't even have to wait that long, they can legally steal from people starting next year.People seems to be quite content with using fiat. Why would they change, except in special cases, like sending money?
What is the impetus for every day use?
If all mined coins are sold (just for the sake of argument), then it results of $526 mil being sold into the system per year.
There are only four funds that are buyers and these are relatively small funds. The only other buyers might be large family offices.
In a personal example, I am a relative enthusiast (I accumulate, mine, etc.), however I don't use bitcoin for much of anything because it seems silly to exchange it for goods (other than miners) at the current super low prices with me putting up quite a lot of cash getting measly btc at the moment. None of my family have used bitcoins for anything, even if they are fully aware of bitcoin from my interest. I am quite sure that this situation is rather typical.
Perhaps, we are too impatient and it will take years/decades for usage to improve, but the last 11 mo has been a general disappointment: too much talk about esoteric usage (Etherium, etc) and too little improvement in day-to-day activities (wallets, security, etc.).
Beyond that, all we need is a media hype campaign. Eventually someone with a lot of money will want to make that happen.
September 27, 2014, 09:52:37 PM
I'll take it. This gives me plenty of time to accumulate.
September 27, 2014, 08:30:06 PM
The described scenario is theoretically possible, but can occur only if there is a crash in other currencies or financial markets.
People seems to be quite content with using fiat. Why would they change, except in special cases, like sending money?
What is the impetus for every day use?
If all mined coins are sold (just for the sake of argument), then it results of $526 mil being sold into the system per year.
There are only four funds that are buyers and these are relatively small funds. The only other buyers might be large family offices.
In a personal example, I am a relative enthusiast (I accumulate, mine, etc.), however I don't use bitcoin for much of anything because it seems silly to exchange it for goods (other than miners) at the current super low prices with me putting up quite a lot of cash getting measly btc at the moment. None of my family have used bitcoins for anything, even if they are fully aware of bitcoin from my interest. I am quite sure that this situation is rather typical.
Perhaps, we are too impatient and it will take years/decades for usage to improve, but the last 11 mo has been a general disappointment: too much talk about esoteric usage (Etherium, etc) and too little improvement in day-to-day activities (wallets, security, etc.).
People seems to be quite content with using fiat. Why would they change, except in special cases, like sending money?
What is the impetus for every day use?
If all mined coins are sold (just for the sake of argument), then it results of $526 mil being sold into the system per year.
There are only four funds that are buyers and these are relatively small funds. The only other buyers might be large family offices.
In a personal example, I am a relative enthusiast (I accumulate, mine, etc.), however I don't use bitcoin for much of anything because it seems silly to exchange it for goods (other than miners) at the current super low prices with me putting up quite a lot of cash getting measly btc at the moment. None of my family have used bitcoins for anything, even if they are fully aware of bitcoin from my interest. I am quite sure that this situation is rather typical.
Perhaps, we are too impatient and it will take years/decades for usage to improve, but the last 11 mo has been a general disappointment: too much talk about esoteric usage (Etherium, etc) and too little improvement in day-to-day activities (wallets, security, etc.).
Cause the value of the thing is fucking skyrocketing!
really? it was skyrocketing in 2013, now drowning like a toy ship (last 11 mo).
September 27, 2014, 08:20:43 PM
What is the impetus for every day use?
this will become clear once bitcoin leaks into the supply chains.
merchants can offer discounts for bitcoin, just because of the customer->merchant transaction.
there are savings to be made all the way up that supply chain.
they would have the advantage over their competitors.
consider this, I can buy something from an online merchant in france, the chinese supplier could have a replacement order on file and received payment within one or two hours.
newegg started with the 10% discount, but don't have it now. Why? Perhaps, credit cards issuers had a word with them?
Do you know that many stores are not allowed to sell the same goods for a cash discount vs credit card? This (pressure form credit cards issuers) ought to be illegal.
You fail to see the big picture.
Everyday use of Bitcoin as a currency/means of exchange is not required to attain the heights suggested by OP.
Until we get to mainstream adoption, these aspects of Bitcoins are just bells and whistles.
What will drive the next rally is what has driven each previous bubble : speculation.
September 27, 2014, 08:18:33 PM
stores are not allowed to sell the same goods for a cash discount vs credit card
well then they'll just be making more money of each bitcoin sale.
if enough % of sales are bitcoin, they can sell at lower prices vs competitors
September 27, 2014, 08:14:02 PM
The described scenario is theoretically possible, but can occur only if there is a crash in other currencies or financial markets.
People seems to be quite content with using fiat. Why would they change, except in special cases, like sending money?
What is the impetus for every day use?
If all mined coins are sold (just for the sake of argument), then it results of $526 mil being sold into the system per year.
There are only four funds that are buyers and these are relatively small funds. The only other buyers might be large family offices.
In a personal example, I am a relative enthusiast (I accumulate, mine, etc.), however I don't use bitcoin for much of anything because it seems silly to exchange it for goods (other than miners) at the current super low prices with me putting up quite a lot of cash getting measly btc at the moment. None of my family have used bitcoins for anything, even if they are fully aware of bitcoin from my interest. I am quite sure that this situation is rather typical.
Perhaps, we are too impatient and it will take years/decades for usage to improve, but the last 11 mo has been a general disappointment: too much talk about esoteric usage (Etherium, etc) and too little improvement in day-to-day activities (wallets, security, etc.).
People seems to be quite content with using fiat. Why would they change, except in special cases, like sending money?
What is the impetus for every day use?
If all mined coins are sold (just for the sake of argument), then it results of $526 mil being sold into the system per year.
There are only four funds that are buyers and these are relatively small funds. The only other buyers might be large family offices.
In a personal example, I am a relative enthusiast (I accumulate, mine, etc.), however I don't use bitcoin for much of anything because it seems silly to exchange it for goods (other than miners) at the current super low prices with me putting up quite a lot of cash getting measly btc at the moment. None of my family have used bitcoins for anything, even if they are fully aware of bitcoin from my interest. I am quite sure that this situation is rather typical.
Perhaps, we are too impatient and it will take years/decades for usage to improve, but the last 11 mo has been a general disappointment: too much talk about esoteric usage (Etherium, etc) and too little improvement in day-to-day activities (wallets, security, etc.).
This is not about using fiat or not.
Why would they change you ask?
Cause the value of the thing is fucking skyrocketing! Greed will fuel this ride, everyone will want to board this train. When it becomes obvious that there is nowhere for this thing to go but up EVERYONE will want in.
It makes to sense to suggest mined coins would be sold into the market. In a bull market, with Bitcoin going up with no stop in sight, miners will hold onto their coins.
Your family is a perfect example of this. I'm sure you have spoken to them at length of Bitcoin and all its promises. Right now they're probably like
but when the next rally begins and you'll be making 100s if not 1000s of dollars everyday they'll be begging for some bitcoins. Jump to: