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Topic: The MtGox exchange rate will not exceed $100/BTC in 2013 (Read 9370 times)

full member
Activity: 217
Merit: 100
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
sr. member
Activity: 342
Merit: 250
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.
full member
Activity: 122
Merit: 100
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
member
Activity: 112
Merit: 10
You just need to say that we won't exceed $1000/BTC in 2013, and soon enough it'll surpass that.
legendary
Activity: 1036
Merit: 1000
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.
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
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?
full member
Activity: 210
Merit: 151
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.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
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.
donator
Activity: 784
Merit: 1000
We will probably see $200/btc this month.
full member
Activity: 224
Merit: 100
DigiByte Founder
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!
full member
Activity: 210
Merit: 151
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.
full member
Activity: 210
Merit: 151
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
member
Activity: 106
Merit: 10
Thanks for the free bitcoin Cheesy
donator
Activity: 784
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.
legendary
Activity: 924
Merit: 1004
Firstbits: 1pirata
Can you make a "The MtGox exchange rate will not exceed $1,000/BTC in 2014" thread now please?

+1  Grin
hero member
Activity: 700
Merit: 500
Can you make a "The MtGox exchange rate will not exceed $1,000/BTC in 2014" thread now please?
legendary
Activity: 1148
Merit: 1018
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
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!
full member
Activity: 182
Merit: 106
Kudos to you proudhon, you have strong character my friend. A man of his word on the internet is a rare phenomenon.
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.
hero member
Activity: 752
Merit: 500
bitcoin hodler
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.

or not
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.

The overall price of bitcoins depends on its use. I have seen a few different analysis that put the price supported by transactions (buying/selling goods and services, simple remittances, etc) at around 10 USD. Speculation without any actual backing economy would have the price bubble up and go back down to under 0.01 USD. 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.

I suspect that most of the current rise has been driven by speculation, however, there have been people putting their capital into bitcoin, and people running bitcoin based business leaving their earnings in bitcoin. So while I believe the price can go down quite a bit from where it is at, it does not have to go down. It just depends on if the savers and earners can get their money into bitcoin as fast as the speculators are pulling out.
full member
Activity: 224
Merit: 100
DigiByte Founder
Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.
So what's the call on $150 proudhorn? Next week? Wink
legendary
Activity: 1106
Merit: 1001
Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.

Holy smokes, Proud, give us a bit of a break. We can't keep taking these massive climbs that follow each of your doom and gloom predictions... some of us have work to do!!!
newbie
Activity: 53
Merit: 0
Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.

http://www.reactiongifs.com/wp-content/uploads/2012/09/orson_wells_Slow-Clap.gif
legendary
Activity: 2198
Merit: 1311
Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.
legendary
Activity: 2198
Merit: 1311
gimme 1 btc then

or is it aprils fool's day?

No.  You didn't qualify.

Also, all my promises have been paid out.  1BTC each was sent to the addresses that Kalinka and Crazy posted on the first page of this thread.  1BTC was sent to the address that smoothie sent to me in a PM this morning.
newbie
Activity: 28
Merit: 0
gimme 1 btc then

or is it aprils fool's day?
legendary
Activity: 2198
Merit: 1311
I am on the road for work right now. I'll try to pay everyone when I get back in the office for lunch. I owe two people from this thread plus smoothie from another thread.
hero member
Activity: 784
Merit: 1000




I love that you have a sense of humor though Tongue

He will do good nearly anywhere, too bad his opponent is Bitcoin.
sr. member
Activity: 240
Merit: 250
hero member
Activity: 518
Merit: 500




I love that you have a sense of humor though Tongue
legendary
Activity: 2198
Merit: 1311
hero member
Activity: 784
Merit: 1000
Proudhon down! I repeat, Proudhon down.
This won't phase him. He's only been wrong thousands of times before.

He is conspicuously absent right now, though.

He has been away for one day.
hero member
Activity: 518
Merit: 500
Proudhon down! I repeat, Proudhon down.
This won't phase him. He's only been wrong thousands of times before.

He is conspicuously absent right now, though.

Probably because he is out $200 this time?
legendary
Activity: 1106
Merit: 1001
Proudhon down! I repeat, Proudhon down.
This won't phase him. He's only been wrong thousands of times before.

He is conspicuously absent right now, though.
hero member
Activity: 868
Merit: 1002
Proudhon down! I repeat, Proudhon down.
This won't phase him. He's only been wrong thousands of times before.
hero member
Activity: 518
Merit: 500
I hope proudhon makes a thread saying BTC won't exceed $1000 in 2013.  I'd really like BTC to exceed $1000 in 2013 Cheesy
member
Activity: 113
Merit: 10
https://www.chynge.net/
donator
Activity: 2058
Merit: 1007
Poor impulse control.
Just hit $101.

Game over.

Edit: Damnit DUST! Couldn't I have had this one win?

newbie
Activity: 17
Merit: 0
It just hit $101  Tongue
hero member
Activity: 518
Merit: 500
Proudhon down! I repeat, Proudhon down.
legendary
Activity: 1106
Merit: 1001
Time to pay up!
full member
Activity: 128
Merit: 100
the terms were, it has to EXCEED $100. which will be in an hour or two.

edit: NOW its time to pay up Cheesy
legendary
Activity: 1176
Merit: 1015
full member
Activity: 204
Merit: 100
Well, game over. Just hit $100 !
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
 Just snapped these a while ago..




legendary
Activity: 1652
Merit: 1016
Best get those coins out of cold storage Proudhon. You'll be needing to send them soon.

Very close now. Few more %.
legendary
Activity: 1652
Merit: 1016
Yeah, free bitcoins for all! Cheers Proud!

I doubt he has 100 coins left though. He sold them all when they were 'sky high at $10, ready to crash'.
legendary
Activity: 1176
Merit: 1015
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.

Only the first two people proudhon? Doesn't sound like you have much confidence in your prediction. Make it the first 100 and we'll take you more seriously. LOL  Cheesy
co-ask! Please make the first 100 replier happy!


Yeah, free bitcoins for all! Cheers Proud!
full member
Activity: 154
Merit: 100
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.

Only the first two people proudhon? Doesn't sound like you have much confidence in your prediction. Make it the first 100 and we'll take you more seriously. LOL  Cheesy
co-ask! Please make the first 100 replier happy!
legendary
Activity: 1652
Merit: 1016
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.

Only the first two people proudhon? Doesn't sound like you have much confidence in your prediction. Make it the first 100 and we'll take you more seriously. LOL  Cheesy
legendary
Activity: 1344
Merit: 1001
I think Bitcoin has simply gained too much traction in the last month now to stop snowballing. It feels like we've hit critical mass. Surely you've noticed whenever the price dips it rebounds back up within hours. That is a very good sign.

What sealed it for me was when Bitcoin forked and the price recovered so quick.

I predict a slightly bearish weekend, especially since it's easter and banks will be closed. Come Tuesday, I expect Bitcoin to come exploding out of the gates.

At some point Bitcoin is going to enter into bubble territory. I'll worry about that in a few months time.
hero member
Activity: 501
Merit: 500
I think it's too early to call the peak. We'll be wiser after another week. Next week averaging below $70 would be a bearish sign, above $80 would be bullish in my book.
legendary
Activity: 1176
Merit: 1015
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.

I'm being honest here, I really want to know why you think we won't go over a hundred, we are so close right now.

All the Bitcoins being worth a Billion isn't really that far fetched is it?

I'm really interested in your reasoning.
member
Activity: 116
Merit: 10
personally, I enjoy proudhon's bearish posts.

they are much more bearable to read than other bears' posts
legendary
Activity: 1106
Merit: 1001
The good part is that when we cross $100 and proudhon pays out, we might finally see how many bitcoins he owns!

Bear owning 1k BTC?  How about that...

You're assuming he will pay out, and that he won't anonymise the coins somehow. The more pertinent question is why is someone who has been predicting downfall, fire and brimstone since the early $5's own any bitcoins at all  Cheesy
full member
Activity: 210
Merit: 151
Proudhon, although I disagree with pretty much every word you write, I admire your consistency. I'm quite confident that you're putting up a (very enjoyable) show though, you could increase your credibility by substantiating your statements.
full member
Activity: 201
Merit: 101
https://playt.in
The good part is that when we cross $100 and proudhon pays out, we might finally see how many bitcoins he owns!

Bear owning 1k BTC?  How about that...
It would be even more ironic if he had to actually buy those to keep the amount in his paper wallet secret Smiley
legendary
Activity: 826
Merit: 1001
rippleFanatic
You've been saying "down" and "overbought" since $5.00.

You'd really rather leave the forums than just admit that you were wrong?

Who said anything about leaving?

lol, even at $2.00 you said we were headed for $0.10 or $0.50.  Good times.
legendary
Activity: 2198
Merit: 1311
You've been saying "down" and "overbought" since $5.00.

You'd really rather leave the forums than just admit that you were wrong?

Who said anything about leaving?
legendary
Activity: 826
Merit: 1001
rippleFanatic
You've been saying "down" and "overbought" since $5.00.

You'd really rather leave the forums than just admit that you were wrong?
legendary
Activity: 1001
Merit: 1005
Send the BTC my way Cheesy Cheesy

1FzUamnjvebvPTuPdBfSapBkp1MajFjcnv
hero member
Activity: 784
Merit: 1000
At what point will you publicly concede defeat Proudhon, if there ever will be one?
hero member
Activity: 784
Merit: 1000
So I get it, the 2013 high should be 100*15.4/7.22=$213.3, not bad. Grin
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
The good part is that when we cross $100 and proudhon pays out, we might finally see how many bitcoins he owns!

Bear owning 1k BTC?  How about that...
hero member
Activity: 634
Merit: 500
hero member
Activity: 486
Merit: 500
Must suck being wrong to only buy higher
hero member
Activity: 518
Merit: 500
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 stop posting.

This is what we really want

That'll cost you.

But a man can dream.
legendary
Activity: 2198
Merit: 1311
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 stop posting.

This is what we really want

That'll cost you.
hero member
Activity: 518
Merit: 500
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 stop posting.

This is what we really want
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
Wednesday 3 April.... 2013.

High $110.
full member
Activity: 217
Merit: 100
I'll bet it will break $100 pretty damned soon.

Current queue for MtGox verification exceeds 5k people.

The recent drop as 100 was approached, followed by the rebound is also a DEAD CERT indicator that support is more than substantial enough to burst thru the psychological 100 resistance barrier, we will see $100+ within days if not hours.

sr. member
Activity: 476
Merit: 250
Sorry folks, I'm pretty sure the top is finally in, and we're probably heading into long-slow-slide round 2.  

Confess: you're actually a bull in a bear suit.
b!z
legendary
Activity: 1582
Merit: 1010
Proudhon will owe me 1 bitcoin should the price exceed $100.

Only a few more days (maybe a week) left.  Grin Grin Grin

Good for you. Grin
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Proudhon will owe me 1 bitcoin should the price exceed $100.

Only a few more days (maybe a week) left.  Grin Grin Grin
b!z
legendary
Activity: 1582
Merit: 1010
It will exceed $100/BTC in the next month, I'm pretty sure.
member
Activity: 84
Merit: 10
Good grief, not even bitcoincharts.com is working. It must be..
the BITOPALYPSE   Shocked

Bitcoinity works fine.

We're already back up to around $89.

Proudhon is a fool.

And all's right with the world.
newbie
Activity: 70
Merit: 0
Good grief, not even bitcoincharts.com is working. It must be..
the BITOPALYPSE   Shocked
donator
Activity: 853
Merit: 1000
I'm even more bearish than you are, but the current dip is just a wave 4 of a larger final blowoff wave 5. It needs one more spurt up to new highs to complete the entire pattern off of the 9.77 low, and that's when the real crash will begin.

So: not yet.

*note: I don't have a crystal ball
hero member
Activity: 798
Merit: 1000
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.

Why don't you place a bet on betsofbitcoin?  If you're so confident, it should be easy money shouldn't it.   
sr. member
Activity: 241
Merit: 250
Time you enjoy wasting is not wasted time.
sr. member
Activity: 349
Merit: 250
it will happen in 2013.... the year is still long....

 Wink
full member
Activity: 212
Merit: 100
damn, missed the window
hero member
Activity: 490
Merit: 500
prepare ur coins
sr. member
Activity: 241
Merit: 250
Time you enjoy wasting is not wasted time.

She's gonna springboard straight through $100 after this dirty dump  Cool
full member
Activity: 143
Merit: 100
it will be a bumpy ride but $100 will probably happen in 2013
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
Redeem your paper wallets proudhon. Think not  Cheesy
legendary
Activity: 3122
Merit: 1538
yes
Proudhon, you just gave the signal for breaking $100 in the Easter weekend  Tongue
full member
Activity: 182
Merit: 106
In Cheesy

19Zf6d1aQPzkkd9y9oAHgDXVVm7K2rKX8J
legendary
Activity: 1078
Merit: 1003
member
Activity: 113
Merit: 10
https://www.chynge.net/
Im going on record:  Baaaaaahahahahahaha
member
Activity: 106
Merit: 10
I'm in. You can send it to 1AfnJskhBfMRZ8vBZaoYdKhrGUEb8iZFdN if/when the price gets to $100/BTC in 2013. Tongue
legendary
Activity: 2198
Merit: 1311
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.
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