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Topic: Reality is sinking in... We may not see $1200 again. Not in 10(?) years. (Read 2814 times)

tokeweed
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Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 05:39:31 AM
#49
Quote from: ensurance982 on April 20, 2015, 05:37:25 AM
Quote from: tokeweed on April 20, 2015, 05:35:11 AM
Quote from: ensurance982 on April 20, 2015, 04:43:34 AM
Quote from: tokeweed on April 18, 2015, 06:20:52 AM
The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous!

Maybe...  We'll see.

Also, keep in mind that we've seen Bitcoin go up 100x before Willy was active Smiley You have to take a step back from the timeframes outlined in the Willy report and see that there have been bubbles before our beloved bot began buying as if there's no tomorrow!

Again...  We'll see.  I'm an open mind.  But looking at the charts right now, it's still trending down.
ensurance982
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Activity: 518
Merit: 500
Trust me!
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 05:37:25 AM
#48
Quote from: tokeweed on April 20, 2015, 05:35:11 AM
Quote from: ensurance982 on April 20, 2015, 04:43:34 AM
Quote from: tokeweed on April 18, 2015, 06:20:52 AM
The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous!

Maybe...  We'll see.

Also, keep in mind that we've seen Bitcoin go up 100x before Willy was active Smiley You have to take a step back from the timeframes outlined in the Willy report and see that there have been bubbles before our beloved bot began buying as if there's no tomorrow!
tokeweed
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Activity: 3976
Merit: 1421
Life, Love and Laughter...
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 05:35:11 AM
#47
Quote from: ensurance982 on April 20, 2015, 04:43:34 AM
Quote from: tokeweed on April 18, 2015, 06:20:52 AM
The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous!

Maybe...  We'll see.
ensurance982
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Activity: 518
Merit: 500
Trust me!
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 04:43:34 AM
#46
Quote from: tokeweed on April 18, 2015, 06:20:52 AM
The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Well even if I *do* buy most of the Willy report, we're now approaching a long-term trendline drawn without the gox-bubbles! Once again, I feel capitulation kicking in. Shorting now may be dangerous!
Amph
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Activity: 3248
Merit: 1072
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 03:10:00 AM
#45
Quote from: Snorek on April 20, 2015, 02:12:09 AM
Quote from: knight22 on April 18, 2015, 07:53:37 PM
If Willy was responsible for the latest surge then Billy the bot will bring us to 10K  Roll Eyes
That is exactly my thought. How we are sure that there won't be any other Willy Bots in the future? AFAIK there is nothing that prevents this kind of activity.

not really advisable, billi bot was managed by a hacker that has taken the control of the trading in that era, at least this is what that article say, if a rise of 10k happen because of willy 2.0 then expect even a big crash than the last one
WhatTheGox
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Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 02:36:13 AM
#44
Quote from: tokeweed on April 18, 2015, 06:20:52 AM

The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

If it were that easy to pump the value of something like that then it will happen again.  Everything moves faster in bitcoin vs traditional markets 10 years is a lifetime.
Snorek
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Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 02:12:09 AM
#43
Quote from: knight22 on April 18, 2015, 07:53:37 PM
If Willy was responsible for the latest surge then Billy the bot will bring us to 10K  Roll Eyes
That is exactly my thought. How we are sure that there won't be any other Willy Bots in the future? AFAIK there is nothing that prevents this kind of activity.
tokeweed
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Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 01:46:14 AM
#42
Quote from: Amph on April 20, 2015, 01:36:59 AM
Quote from: stonerider on April 19, 2015, 10:42:25 PM
As long as the top 1% hold 99.999% of the bitcoins in existence, we will never see $1200. When only the elites, the early adopters and whales, hold the coins, there is no utility to the coins. Just let the coins die. Bitcoin has become millionaire's toy. Even now, they are manipulating the prices, taking coins from the ignorant masses is just like taking candy from a baby.

the problem isn't only that, the problem is that there is also competition with other type of trading, like stocks/gold ecc, so many are forced to hold bitcoin while playing with those others kind of trading

it safer to hold right now even for whales(they are probably playing with little money, notice the small swings...)

On a downtrending market hedging some to fiat is not a bad decision.  If you can borrow some BTC, short it.  But like anything...  keep your losses small.
Amph
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Activity: 3248
Merit: 1072
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 20, 2015, 01:36:59 AM
#41
Quote from: stonerider on April 19, 2015, 10:42:25 PM
As long as the top 1% hold 99.999% of the bitcoins in existence, we will never see $1200. When only the elites, the early adopters and whales, hold the coins, there is no utility to the coins. Just let the coins die. Bitcoin has become millionaire's toy. Even now, they are manipulating the prices, taking coins from the ignorant masses is just like taking candy from a baby.

the problem isn't only that, the problem is that there is also competition with other type of trading, like stocks/gold ecc, so many are forced to hold bitcoin while playing with those others kind of trading

it safer to hold right now even for whales(they are probably playing with little money, notice the small swings...)
stonerider
full member
Activity: 224
Merit: 100
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 10:42:25 PM
#40
As long as the top 1% hold 99.999% of the bitcoins in existence, we will never see $1200. When only the elites, the early adopters and whales, hold the coins, there is no utility to the coins. Just let the coins die. Bitcoin has become millionaire's toy. Even now, they are manipulating the prices, taking coins from the ignorant masses is just like taking candy from a baby.
panju1
legendary
Activity: 1246
Merit: 1000
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 07:28:15 PM
#39
Quote from: bornil267645 on April 19, 2015, 05:54:06 AM
No need to head that high, considering the current market price. Just take it step by step or in this case, by 100 would be so much better. But too much price surge will hang the volatile label on BTC for good.

Yup, a steady bull run is preferable to a sudden surge.
I am waiting for the halving of the block reward to serve as a catalyst.
btcbug
sr. member
Activity: 399
Merit: 250
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 04:44:47 PM
#38
Ok, so let's fire up another bot then and go for 10k   Grin
oblivi
hero member
Activity: 700
Merit: 501
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 02:37:10 PM
#37
Quote from: tokeweed on April 19, 2015, 12:15:30 PM
Quote from: thejaytiesto on April 19, 2015, 11:51:43 AM
Quote from: tokeweed on April 18, 2015, 06:20:52 AM


The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com
10 years to collect cheap ass BTC before the next rally goes x10 ATH, seems like a good plan to me and anyone that has a good understanding of what is going on.

Good thinking...  So it's in our best interest for BTC to go to double digits then.

I don't really care. If you are aware of were the world is going, you know that in the end Bitcoin will be recognized as something extremely revolutionizing and useful all over the world. This just started, and at the very beginnings of revolutionary technology the 99% don't know how to deal with it. Worrying about the price right now is mental masturbation, what matters is the technology, just like the internet was a mess at the begining, but if you aren't an idiot you could see the potential early on.
Chef Ramsay
legendary
Activity: 1568
Merit: 1001
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 01:34:17 PM
#36
Quote from: tokeweed on April 19, 2015, 12:15:30 PM
Quote from: thejaytiesto on April 19, 2015, 11:51:43 AM
Quote from: tokeweed on April 18, 2015, 06:20:52 AM


The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com
10 years to collect cheap ass BTC before the next rally goes x10 ATH, seems like a good plan to me and anyone that has a good understanding of what is going on.

Good thinking...  So it's in our best interest for BTC to go to double digits then.
Laugh out loud, you're dreaming if you think there's a shot for double digits again. The mid 1xx ranges will see a fury of buying like never before seen, if that level even happens.
tokeweed
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 12:15:30 PM
#35
Quote from: thejaytiesto on April 19, 2015, 11:51:43 AM
Quote from: tokeweed on April 18, 2015, 06:20:52 AM


The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com
10 years to collect cheap ass BTC before the next rally goes x10 ATH, seems like a good plan to me and anyone that has a good understanding of what is going on.

Good thinking...  So it's in our best interest for BTC to go to double digits then.
thejaytiesto
legendary
Activity: 1358
Merit: 1014
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 11:51:43 AM
#34
Quote from: tokeweed on April 18, 2015, 06:20:52 AM


The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com
10 years to collect cheap ass BTC before the next rally goes x10 ATH, seems like a good plan to me and anyone that has a good understanding of what is going on.
tokeweed
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 10:40:42 AM
#33
Quote from: tokeweed on April 18, 2015, 06:20:52 AM


The late 2013 surge was caused by a bot called Willy.

https://willyreport.wordpress.com

Another investigation on Willy and price manipulation...  http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html
ssmc2
legendary
Activity: 2002
Merit: 1040
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 10:05:49 AM
#32
Quote from: Amph on April 19, 2015, 02:25:33 AM
Quote from: uhoh on April 18, 2015, 08:15:56 PM
It's the same as it has always been

Within 10 years it will either be:

1. A fuck-tonne
2. Nothing.

what about the price will remain the same, but the adoption will be huge, and we reach mainstream status anyway?

Does not compute
bornil267645
sr. member
Activity: 406
Merit: 250
AltoCenter.com
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 05:54:06 AM
#31
No need to head that high, considering the current market price. Just take it step by step or in this case, by 100 would be so much better. But too much price surge will hang the volatile label on BTC for good.
randy8777
legendary
Activity: 896
Merit: 1000
Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years.
April 19, 2015, 02:53:05 AM
#30
Quote from: Amph on April 19, 2015, 02:25:33 AM
Quote from: uhoh on April 18, 2015, 08:15:56 PM
It's the same as it has always been

Within 10 years it will either be:

1. A fuck-tonne
2. Nothing.

what about the price will remain the same, but the adoption will be huge, and we reach mainstream status anyway?

price will go up as there will be high demand for btc. you need to buy it first to spend it. and let's say 50% of the people will hold a few coins as investment.
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