Topic: This is the Part Where We Take the Wall Streeters' Money - page 2. (Read 2679 times)
I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May
I'm in! but let dwolla clear for me this afternoon real quick! 
We'll see knife-downs aplenty, but it looks like we're going for a giant punctuated by a big bubble top at the end (pricked fairly early if we're lucky)
What are you talking about? Why are we looking for a big bubble top? *scratches head*
I remember thinking your posts are usually relatively rational.
Later. Not now. First a huge, legitimate, only slightly frothy run-up. A run that large is likely to end in a bubble, but that's just par for the course. Right now I think we are only in a very mildly bubbly situation that will look like nothing compared to what's coming. It is inevitable to have some froth when price runs up so fast and consistently, even if that run is for legit reasons. That froth will only build, even as legit reasons build as well. It'll be a mix; a very profitable mix.
To be clear, I expect that "popped bubble" to bring us down to a price much higher than where we are now.
Bad news is the only thing that could stop this, but of course bad news is always in the cards.
Why not a sustained, semi-exponential rise with many smaller corrections along the way? We can all win this way. Also, no sour taste in the mouth and angry bad vibes from newbs who buy at the top of said bubble.
We have been dealing with the negative externalities of the first mega over hyped bubble crash for the past 2 years..
That is sort of what I meant. A big bubble from, say $600 (big froth starts) to $5000 (froth dissipates + panic selling), popping back down to $400 (and continuing the exponential rise again) would be the type of thing I'm talking about.
Note: These numbers are pretty arbitrary.
Also: Time horizon is the next few weeks and months, barring any major bad news.
And also: Confidence level: Hunch
Holding 
We'll see knife-downs aplenty, but it looks like we're going for a giant punctuated by a big bubble top at the end (pricked fairly early if we're lucky)
What are you talking about? Why are we looking for a big bubble top? *scratches head*
I remember thinking your posts are usually relatively rational.
Later. Not now. First a huge, legitimate, only slightly frothy run-up. A run that large is likely to end in a bubble, but that's just par for the course. Right now I think we are only in a very mildly bubbly situation that will look like nothing compared to what's coming. It is inevitable to have some froth when price runs up so fast and consistently, even if that run is for legit reasons. That froth will only build, even as legit reasons build as well. It'll be a mix; a very profitable mix.
To be clear, I expect that "popped bubble" to bring us down to a price much higher than where we are now.
Bad news is the only thing that could stop this, but of course bad news is always in the cards.
If we can just HOLD on to the reins of a rampaging bull about to kick into massive overdrive.
This is where it gets fun. There are a bunch of Silicon Valley VCs and Wall Streeters who want to take multi-million dollar positions in Bitcoin. The Bitcoin market is currently waaaaaay too small to absorb these types of funds flows. Those who hold bitcoin likely do not need to sell because they have been paid for in full. Thus, supply for sale can be greatly reigned in.
And use the fact that they, along with all the new average users, are competing with each other to your advantage. For new users the price is irrelevant for transactional demand because people just buy the bitcoins to spend them and the utility of transferring value privately is all that matters. It is only speculative demand where the price matters.
So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.
We'll see knife-downs aplenty, but it looks like we're going for a giant planetary expansion punctuated by a big bubble top at the end (pricked fairly early if we're lucky)
I totally agree. Its going to be one hell of a ride thru the summer I'm thinking.
Aren't they sleeping right now? 
If we can just HOLD on to the reins of a rampaging bull about to kick into massive overdrive.
All the best, Gentlemen. See you on the other side.
All the best, Gentlemen. See you on the other side.
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