Topic: We'll be back to $13-14 by end of week. Know how I know? - page 3. (Read 5644 times)
What we need now is to have a few strategically placed fairly strong buys of 2-300BTC each and we'll see those sell walls crumble I do believe. Unless we're going to play see-saw again like yesterday.
It'd be nice if you were right. I have plenty of coins to sell at 14. At $10 I'm just gonna mentally write them off and go for "double or nothing in a year."
The 9 to 11 channel is far more likely short term. Prices should flatline again for a month, then dive again. 3/4 of the current mining capacity hasn't mined enough to pay for their rigs yet.
The 9 to 11 channel is far more likely short term. Prices should flatline again for a month, then dive again. 3/4 of the current mining capacity hasn't mined enough to pay for their rigs yet.
I was about to go, there aren't that many of us who are homosexuals. Then it occurred to me there was some cute girl in the other thread...
Alright, how about being more exact about what's "less shy" before I go put out a buy for $20?
Alright, how about being more exact about what's "less shy" before I go put out a buy for $20?
I could probably liberate myself from my shirt maybe? I don't know. Let's cross that bridge when we get there
BRB logging into TH to place a $20 buy order.
I was about to go, there aren't that many of us who are homosexuals. Then it occurred to me there was some cute girl in the other thread...
Alright, how about being more exact about what's "less shy" before I go put out a buy for $20?
Alright, how about being more exact about what's "less shy" before I go put out a buy for $20?
I could probably liberate myself from my shirt maybe? I don't know. Let's cross that bridge when we get there
Well, we'll need to get some mainstream babes into the community before we could aim higher, as it is, it's mostly guys here and geek babes are usually too smart (or not enough of an attention seeking personality) to make promises like those
Yeah, we need a spokesmodel like Morgan Webb or someone. Regardless, it'd be nice if we crack $20 again. If we can get to that level again, I'd be less shy in front of the camera
I was about to go, there aren't that many of us who are homosexuals. Then it occurred to me there was some cute girl in the other thread...
Alright, how about being more exact about what's "less shy" before I go put out a buy for $20?
There are some beautiful and intelligent women who could represent us. Shira Lazar would be a good spokes model for us! http://www.cbsnews.com/video/watch/?id=7368784n
Somehow it doesn't come across as likely that intelligent women would promise to run through the city naked, or give free blowjobs when BTC hits say $20
It's crass but the fact is that bitcoin must eventually go to the masses and it's proven that sex sells and cheap thrills work great for marketing and awareness
So we just need a sexy, likely busty, woman who has no qualms about making salacious empty promises to promote Bitcoin
OP you will be wrong this time....
New trading channel will be $9 to $11, before we will most likely head lower. This is still $30 bubble bursting, simply based on the fact that demand can't meet the supply of 7200 coin per day, every day. Supply adds up over a period of time and we get this bigger moves. Sure Mybitcoin and Poland doesn't help, but it really doesn't effect things as much as some people around here think.
In the future price will drop all the way to the point where it will be easy for the daily supply of 7200 coins to be met with $ value. Bitcoin production cost will only be a small part of the equation. If it will cost $5 to produce a coin and market won't be able to come up daily with $36,000 fresh dollars, unfortunately price would go below production cost. Noone ever said mining will always be profitable.
Network total hashrate is at 14 TH and growing at a high rate of 6% to 12% every re-target. Even if this growth would slow down considerably, less than 3% per re-target, network would still be growing by a lot. Every day there is more and more people finding out about bitcoins and they have decent radeon cards capable of mining. I'm sure there are 10 million cards on the internet right now, while whole network mines with less than 50k cards.
So network will keep growing overall, while price will drop to the level where new fresh money added to the market can meet 7200 daily supply. It doesn't matter if miners go on strike and don't sell anything for months. It would only be temporary change. It's all about market cap and total number of coins, which will next week reach 7 million.
New trading channel will be $9 to $11, before we will most likely head lower. This is still $30 bubble bursting, simply based on the fact that demand can't meet the supply of 7200 coin per day, every day. Supply adds up over a period of time and we get this bigger moves. Sure Mybitcoin and Poland doesn't help, but it really doesn't effect things as much as some people around here think.
In the future price will drop all the way to the point where it will be easy for the daily supply of 7200 coins to be met with $ value. Bitcoin production cost will only be a small part of the equation. If it will cost $5 to produce a coin and market won't be able to come up daily with $36,000 fresh dollars, unfortunately price would go below production cost. Noone ever said mining will always be profitable.
Network total hashrate is at 14 TH and growing at a high rate of 6% to 12% every re-target. Even if this growth would slow down considerably, less than 3% per re-target, network would still be growing by a lot. Every day there is more and more people finding out about bitcoins and they have decent radeon cards capable of mining. I'm sure there are 10 million cards on the internet right now, while whole network mines with less than 50k cards.
So network will keep growing overall, while price will drop to the level where new fresh money added to the market can meet 7200 daily supply. It doesn't matter if miners go on strike and don't sell anything for months. It would only be temporary change. It's all about market cap and total number of coins, which will next week reach 7 million.
Wish you would have told us this last week.
OP you will be wrong this time....
New trading channel will be $9 to $11, before we will most likely head lower. This is still $30 bubble bursting, simply based on the fact that demand can't meet the supply of 7200 coin per day, every day. Supply adds up over a period of time and we get this bigger moves. Sure Mybitcoin and Poland doesn't help, but it really doesn't effect things as much as some people around here think.
In the future price will drop all the way to the point where it will be easy for the daily supply of 7200 coins to be met with $ value. Bitcoin production cost will only be a small part of the equation. If it will cost $5 to produce a coin and market won't be able to come up daily with $36,000 fresh dollars, unfortunately price would go below production cost. Noone ever said mining will always be profitable.
Network total hashrate is at 14 TH and growing at a high rate of 6% to 12% every re-target. Even if this growth would slow down considerably, less than 3% per re-target, network would still be growing by a lot. Every day there is more and more people finding out about bitcoins and they have decent radeon cards capable of mining. I'm sure there are 10 million cards on the internet right now, while whole network mines with less than 50k cards.
So network will keep growing overall, while price will drop to the level where new fresh money added to the market can meet 7200 daily supply. It doesn't matter if miners go on strike and don't sell anything for months. It would only be temporary change. It's all about market cap and total number of coins, which will next week reach 7 million.
New trading channel will be $9 to $11, before we will most likely head lower. This is still $30 bubble bursting, simply based on the fact that demand can't meet the supply of 7200 coin per day, every day. Supply adds up over a period of time and we get this bigger moves. Sure Mybitcoin and Poland doesn't help, but it really doesn't effect things as much as some people around here think.
In the future price will drop all the way to the point where it will be easy for the daily supply of 7200 coins to be met with $ value. Bitcoin production cost will only be a small part of the equation. If it will cost $5 to produce a coin and market won't be able to come up daily with $36,000 fresh dollars, unfortunately price would go below production cost. Noone ever said mining will always be profitable.
Network total hashrate is at 14 TH and growing at a high rate of 6% to 12% every re-target. Even if this growth would slow down considerably, less than 3% per re-target, network would still be growing by a lot. Every day there is more and more people finding out about bitcoins and they have decent radeon cards capable of mining. I'm sure there are 10 million cards on the internet right now, while whole network mines with less than 50k cards.
So network will keep growing overall, while price will drop to the level where new fresh money added to the market can meet 7200 daily supply. It doesn't matter if miners go on strike and don't sell anything for months. It would only be temporary change. It's all about market cap and total number of coins, which will next week reach 7 million.
I don't quite get the logic: "have the fundamentals changed?"
No, compared to when it was at $2 or even less. So it should go back to $2? LOL
No, compared to when it was at $2 or even less. So it should go back to $2? LOL
Well, we'll need to get some mainstream babes into the community before we could aim higher, as it is, it's mostly guys here and geek babes are usually too smart (or not enough of an attention seeking personality) to make promises like those
Yeah, we need a spokesmodel like Morgan Webb or someone. Regardless, it'd be nice if we crack $20 again. If we can get to that level again, I'd be less shy in front of the camera
Damn and I thought it's because Bitcoin finally got some sexy babe promising titillation if BTC goes back to $13 like Tanya Devereaux (Net Neutrality), Larissa Riquelme (Paraguay, World Cup), Bobbi Eden (Netherland, World Cup) 
Heh, $13? We can aim higher than that
Well, we'll need to get some mainstream babes into the community before we could aim higher, as it is, it's mostly guys here and geek babes are usually too smart (or not enough of an attention seeking personality) to make promises like those
Damn and I thought it's because Bitcoin finally got some sexy babe promising titillation if BTC goes back to $13 like Tanya Devereaux (Net Neutrality), Larissa Riquelme (Paraguay, World Cup), Bobbi Eden (Netherland, World Cup)
Heh, $13? We can aim higher than that
Well, we'll need to get some mainstream babes into the community before we could aim higher, as it is, it's mostly guys here and geek babes are usually too smart (or not enough of an attention seeking personality) to make promises like those
panic sellers.. you are a long term bulls wet dream, dont ever change
Well said.
You guys see that order for 666 LOL .
. Damn and I thought it's because Bitcoin finally got some sexy babe promising titillation if BTC goes back to $13 like Tanya Devereaux (Net Neutrality), Larissa Riquelme (Paraguay, World Cup), Bobbi Eden (Netherland, World Cup)
Heh, $13? We can aim higher than that
Quote
ecause I just sold all my Bitcoins at $9.99. It NEVER fails FML...
BUY! BUY! BUY!
Because I just sold all my Bitcoins at $9.99. It NEVER fails FML...
Damn and I thought it's because Bitcoin finally got some sexy babe promising titillation if BTC goes back to $13 like Tanya Devereaux (Net Neutrality), Larissa Riquelme (Paraguay, World Cup), Bobbi Eden (Netherland, World Cup)
Quote
The question I always ask myself before selling a stock or, in this case, bitcoin, is, "have the fundamentals changed?"
Nothing about the fundamentals of Bitcoin has changed, so there's no reason to sell. Just ride it out.
Nothing about the fundamentals of Bitcoin has changed, so there's no reason to sell. Just ride it out.
+1
to many people base their trades on the movement.. sometimes movement might warn you to pick up the ole googles and see if their is any news you need to be aware of, if not, it is best to just close the exchange pages for the day and go out for a walk by the river.
panic sellers.. you are a long term bulls wet dream, dont ever change
Good points both of you, but the fact is there was a lot of big news about the Bitcoin economy recently. Yes, Bitcoin itself is fine as ever, and all the errors were made by third parties and end-users, but these the Bitcoin algo/network can't exist by itself in a vacuum, and people need to be able to use it for it to succeed. These are real issues that need to be solved ASAP, and it is entirely possible that one to many of these horror stories could sour the idea on the public and drive them away for good. The standard counterpoint to this is that Bitcoin will continue to survive as long as 2 people use it to trade, but I'm sure we all agree that we want this to take off within our lifetimes.
Nevertheless, I am convinced these are simply growing pains as we learn to adopt to a truly free system after being coddled all these years by government and the financial industry. It'll be hard work but there is enough real momentum behind this to succeed.
I'm just glad I got to buy cheap today~
I dont understand why anyone would sell their BTCs right now. Anyone looking to make a profit and/or better the economy would actually buy right now. By the end of next week, or even if not next month, the price will return to a somewhat stable or ballpark $12-16. Hell it's already back to 11 right now. Sure it might plummet tomorrow even down to $5 in a flash, but BTCs are not in a dire emergency of failing. There have been much worse circumstances with fantastic comebacks with BTC over the past few months.
Patience. Don't panic.
Well then again, like Joulesbeef says - maybe dont change. You make it more lucrative for us.
I would've thrown $400 USD into BTCs back a few hours ago when it was only $8, but sadly it takes a day to get money into Mtgox from Dwolla's bank account. I rely on Paypal for instantaneous payments.
Patience. Don't panic.
Well then again, like Joulesbeef says - maybe dont change. You make it more lucrative for us.
I would've thrown $400 USD into BTCs back a few hours ago when it was only $8, but sadly it takes a day to get money into Mtgox from Dwolla's bank account. I rely on Paypal for instantaneous payments.
Quote
The question I always ask myself before selling a stock or, in this case, bitcoin, is, "have the fundamentals changed?"
Nothing about the fundamentals of Bitcoin has changed, so there's no reason to sell. Just ride it out.
Nothing about the fundamentals of Bitcoin has changed, so there's no reason to sell. Just ride it out.
+1
to many people base their trades on the movement.. sometimes movement might warn you to pick up the ole googles and see if their is any news you need to be aware of, if not, it is best to just close the exchange pages for the day and go out for a walk by the river.
panic sellers.. you are a long term bulls wet dream, dont ever change
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