The MtGox exchange rate will not exceed $100/BTC in 2013

yucca

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Quote from: sangaman on April 02, 2013, 04:35:54 PM

Respect for proudhon staying true to his promise and paying out, that's a more impressive feat in my eyes than correctly guessing which way the price is going to move.

Indeed! Especially generous considering he expected nothing should his prediction have been correct, kudos! Cool

sangaman

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Respect for proudhon staying true to his promise and paying out, that's a more impressive feat in my eyes than correctly guessing which way the price is going to move.

Driice

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Quote from: Zangelbert Bingledack on April 01, 2013, 11:36:35 AM

Congrats to proudhon for manning up. I have a theory that proudhon is really Satoshi, using a brilliant campaign of reverse psychology to magically waft the price higher and higher.

I lol'd

hiima

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You just need to say that we won't exceed $1000/BTC in 2013, and soon enough it'll surpass that.

Zangelbert Bingledack

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Word from several posters on Reddit is the MtGox line is now over 9,600. Someone else on Reddit says they've noticed they move up about a thousand places in the verification queue per day.

ManBearPig

sr. member

Activity: 350

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"Don't go in the trollbox, trollbox, trollbox"

Quote from: proudhon on March 28, 2013, 04:33:36 PM

Sorry folks, I'm pretty sure the top is finally in, and we're probably heading into long-slow-slide round 2. I hope everyone had fun. If the MtGox* exchange rate does exceed $100/BTC in 2013, then I'll give 1BTC each to the first two people to post in this thread who have a post count between 20 and 300.

*I'll count CoinLab too, if that ever becomes a thing

Edit: Congratulations to Kalinka and Crazy! Most likely you will not get anything.

How's this going for you under your little bridge?

Zomdifros

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Quote from: smoothie on April 02, 2013, 06:03:24 AM

Quote from: BitcoinTate on April 01, 2013, 06:51:24 PM

Quote from: Zomdifros on April 01, 2013, 06:39:58 PM

Quote from: ?? on ??

Quote from: Zomdifros on April 01, 2013, 05:32:16 PM

Quote from: Peter Lambert on April 01, 2013, 11:19:49 AM

People using BTC as long-term savings, however, the price just depends on how much people want to save in bitcoin, so the total money supply could go up at least another couple orders of magnitude.

This, +1

Let me qualify that as to not give the impression that I am a permabull: The price can go up a couple orders of magnitude, and it might, maybe, possibly do that as we stretch our time horizon into the future, at least a few years down the road. My short term prediction is that this upward movement slows and peaks and either moves down slowly or drops a significant amount quickly before beginning a slow rise again.

Possible, although it's always risky to predict the short term. I am convinced though that people will find out Bitcoin is to be preferred over an ordinary savings account, and once they do, banks, hedge funds and other institutional investors will come to the same conclusion. While it is indeed possible that we may experience another boom-bust cycle, I believe that the boom part may come very soon and will be very large.

With the verification line at 8000 + for gox I would say tomorrow and the next couple weeks are going to be bringing one hell of a boom!

Is there a link to where this info is?

This number in line is a huge indicator.

It's mainly known from people at http://www.reddit.com/r/Bitcoin/ mentioning it. They did work through the whole weekend at MtGox though (kudos to them for that!) so the line is hopefully somewhat shorter now. Once these people are verified it'll take some days before they are able to get fiat on the market, looks like a new batch is coming in as we speak.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: BitcoinTate on April 01, 2013, 06:51:24 PM

Quote from: Zomdifros on April 01, 2013, 06:39:58 PM

Quote from: ?? on ??

Quote from: Zomdifros on April 01, 2013, 05:32:16 PM

Quote from: Peter Lambert on April 01, 2013, 11:19:49 AM

People using BTC as long-term savings, however, the price just depends on how much people want to save in bitcoin, so the total money supply could go up at least another couple orders of magnitude.

This, +1

Let me qualify that as to not give the impression that I am a permabull: The price can go up a couple orders of magnitude, and it might, maybe, possibly do that as we stretch our time horizon into the future, at least a few years down the road. My short term prediction is that this upward movement slows and peaks and either moves down slowly or drops a significant amount quickly before beginning a slow rise again.

Possible, although it's always risky to predict the short term. I am convinced though that people will find out Bitcoin is to be preferred over an ordinary savings account, and once they do, banks, hedge funds and other institutional investors will come to the same conclusion. While it is indeed possible that we may experience another boom-bust cycle, I believe that the boom part may come very soon and will be very large.

With the verification line at 8000 + for gox I would say tomorrow and the next couple weeks are going to be bringing one hell of a boom!

Is there a link to where this info is?

This number in line is a huge indicator.

zeroday

donator

Activity: 784

Merit: 1000

We will probably see $200/btc this month.

BitcoinTate

full member

Activity: 224

Merit: 100

DigiByte Founder

Quote from: Zomdifros on April 01, 2013, 06:39:58 PM

Quote from: ?? on ??

Quote from: Zomdifros on April 01, 2013, 05:32:16 PM

Quote from: Peter Lambert on April 01, 2013, 11:19:49 AM

People using BTC as long-term savings, however, the price just depends on how much people want to save in bitcoin, so the total money supply could go up at least another couple orders of magnitude.

This, +1

Let me qualify that as to not give the impression that I am a permabull: The price can go up a couple orders of magnitude, and it might, maybe, possibly do that as we stretch our time horizon into the future, at least a few years down the road. My short term prediction is that this upward movement slows and peaks and either moves down slowly or drops a significant amount quickly before beginning a slow rise again.

Possible, although it's always risky to predict the short term. I am convinced though that people will find out Bitcoin is to be preferred over an ordinary savings account, and once they do, banks, hedge funds and other institutional investors will come to the same conclusion. While it is indeed possible that we may experience another boom-bust cycle, I believe that the boom part may come very soon and will be very large.

With the verification line at 8000 + for gox I would say tomorrow and the next couple weeks are going to be bringing one hell of a boom!

Zomdifros

full member

Activity: 210

Merit: 100

Quote from: ?? on ??

Quote from: Zomdifros on April 01, 2013, 05:32:16 PM

Quote from: Peter Lambert on April 01, 2013, 11:19:49 AM

People using BTC as long-term savings, however, the price just depends on how much people want to save in bitcoin, so the total money supply could go up at least another couple orders of magnitude.

This, +1

Let me qualify that as to not give the impression that I am a permabull: The price can go up a couple orders of magnitude, and it might, maybe, possibly do that as we stretch our time horizon into the future, at least a few years down the road. My short term prediction is that this upward movement slows and peaks and either moves down slowly or drops a significant amount quickly before beginning a slow rise again.

Possible, although it's always risky to predict the short term. I am convinced though that people will find out Bitcoin is to be preferred over an ordinary savings account, and once they do, banks, hedge funds and other institutional investors will come to the same conclusion. While it is indeed possible that we may experience another boom-bust cycle, I believe that the boom part may come very soon and will be very large.

Zomdifros

full member

Activity: 210

Merit: 100

Quote from: Peter Lambert on April 01, 2013, 11:19:49 AM

People using BTC as long-term savings, however, the price just depends on how much people want to save in bitcoin, so the total money supply could go up at least another couple orders of magnitude.

This, +1

kalinka

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Merit: 10

Thanks for the free bitcoin Cheesy

zeroday

donator

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Merit: 1000

Say thanks to Eurozone bosses for encouraging people to stock up on bitcoins.
Impatiently waiting them to establish Capital Control all over Europe to see $1000/btc this year.

paraipan

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Activity: 924

Merit: 1004

Firstbits: 1pirata

Quote from: yokosan on April 01, 2013, 11:43:34 AM

Can you make a "The MtGox exchange rate will not exceed $1,000/BTC in 2014" thread now please?

+1

yokosan

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Activity: 700

Merit: 500

Can you make a "The MtGox exchange rate will not exceed $1,000/BTC in 2014" thread now please?

Rampion

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Proudhon, I have to admit I admire you - because of your nick, because you put your money where your mouth is, and because these forums would be very boring without you.

Kudos

jwzguy

hero member

Activity: 868

Merit: 1002

To paraphrase Ron Paul grilling Bernanke:
What's it going to take for you to admit you were wrong?

I miss early 2011 proudhon. Please snap out of it!

Crazy

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Merit: 106

Kudos to you proudhon, you have strong character my friend. A man of his word on the internet is a rare phenomenon.

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Congrats to proudhon for manning up. I have a theory that proudhon is really Satoshi, using a brilliant campaign of reverse psychology to magically waft the price higher and higher.

Topic: The MtGox exchange rate will not exceed $100/BTC in 2013 (Read 9360 times)