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Topic: We've hit $200. Don't sell too much... The bitcoin price is about to EXPLODE!!! (Read 4831 times)

legendary
Activity: 1153
Merit: 1012
Okay guys, I'm a hyper-bull, but I'm feeling some euphoria here. It is simply a fact that growth will slow very soon (else we'd be at mainstream adoption by summer, and we all know the infrastructure simply isn't ready for that).

We can keep going up at staggering speeds on average, long-term, but if the exponential doesn't curve straighter again soon I may have to part with 5% - for the first time ever - just in case there's a big correction (almost definitely temporary, but still). I'd just be doing my part to smooth any panic drop that might happen. If we can slow down just a tad that would be perfect.

Bubble-o-meter was at 15% last week, now 25%. Time to start being just a little cautious, just a little suspicious of your premises. Check everything once again with no emotion. Are all the exponential indicators still there? I still expect us to hit at least $300 (or even $500 or possibly $1,000) before a cooldown.

The mood here has remained collected and cool up to just this week or so, even through such dramatic increases. That was very bullish. Now it just might be changing. I'm not saying it is for sure, but watch sentiment closely.

There will quite certainly be a price exaggeration with a violent drop. I hope this will happen soon to shy away the get-rich-quick-guys who still measure BTC only in $$$ value.

So please don't try to smooth the coming panic drop, because a brutal selloff with scared speculators will give the Bitconomy some more months to calmly develop and catch up with pricing.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
I really hope those fund managers could stop for a week or two in summer so that we can have some nice vacation Tongue
hero member
Activity: 868
Merit: 1000
Much agreed! Only 13,000 BTC to $300! We could hit it today!


LOL - that would be awesome.
member
Activity: 98
Merit: 10
Sometimes - history needs a push.
Hold fast we're about to hit 220! Ready the flux capacitor!
newbie
Activity: 42
Merit: 0
Could "bears" have removed their order sell orders from the books to make it look like there is no depth in an  attempt to stir up an almost blood thirsty demand only to dump a lot of coins once those looking to buy have been teased into a frenzy?

I could be reading the charts but looks like not many sellers?
legendary
Activity: 1036
Merit: 1000
By "indicators" I mean continued EXPONENTIAL increase in Google trends, expansion into new countries, media coverage, merchant adoption (and size of adopting merchants), Bitcoin subreddit subscribers, etc.

We have actually had that so far, which is why I wasn't worried. Now I'm mild-to-moderately worried. That probably means we will go much higher still even short term, but now is the time to take a step back and review the fundamentals soberly to see if they not only justify exponential but "exponential x exponential" growth, not to get swept up in celebration.

If things are bubbling up, some people depending on their basic financial situation may want to consider taking a SMALL percentage off the table just in case. Better that than panic selling into a bear trap.

Basically just take whatever you need in order to stay relaxed during big selloffs. Could you hold through an 80% drop? Good. If you can't, diversify now so that you don't contribute to that panic.

The main reason I post this warning is just because it looks like former bears and other likely weak hands are piling in. That kind of volatility should be dampened if possible.
legendary
Activity: 1036
Merit: 1000
Last week it kind of started.

And it's to a degree true that in exponential growth situations euphoria need not indicate a bubble at all...but we are experiencing FASTER than exponential growth. Perhaps even double exponential. Keep in mind that merely keeping with the exponential trend itself would have been impossible for more than a few months or seasons. Now we are griwing even faster, becoming accustomed to bi-monthly doublings, weekly doublings, etc.

Bottom line: if we go much further in this manner, eventually any old 30% percent pullback will FEEL like a huge crash to many people because of their euphoric expectations, which could precipitate a major setback for Bitcoin that could last a while. That's what I'd like to avoid. There's no need for it.
newbie
Activity: 42
Merit: 0
Okay guys, I'm a hyper-bull, but I'm feeling some euphoria here. It is simply a fact that growth will slow very soon (else we'd be at mainstream adoption by summer, and we all know the infrastructure simply isn't ready for that).

We can keep going up at staggering speeds on average, long-term, but if the exponential doesn't curve straighter again soon I may have to part with 5% - for the first time ever - just in case there's a big correction (almost definitely temporary, but still). I'd just be doing my part to smooth any panic drop that might happen. If we can slow down just a tad that would be perfect.

Bubble-o-meter was at 15% last week, now 25%. Time to start being just a little cautious, just a little suspicious of your premises. Check everything once again with no emotion. Are all the exponential indicators still there? I still expect us to hit at least $300 (or even $500 or possibly $1,000) before a cooldown.

The mood here has remained collected and cool up to just this week or so, even through such dramatic increases. That was very bullish. Now it just might be changing. I'm not saying it is for sure, but watch sentiment closely.

Are indicators of any use? We are sailing in uncharted waters
legendary
Activity: 2576
Merit: 1087
The mood here has remained collected and cool up to just this week or so, even through such dramatic increases. That was very bullish. Now it just might be changing. I'm not saying it is for sure, but watch sentiment closely.

I think the crazy train pulled in days ago!
legendary
Activity: 1036
Merit: 1000
Okay guys, I'm a hyper-bull, but I'm feeling some euphoria here. It is simply a fact that growth will slow very soon (else we'd be at mainstream adoption by summer, and we all know the infrastructure simply isn't ready for that).

We can keep going up at staggering speeds on average, long-term, but if the exponential doesn't curve straighter again soon I may have to part with 5% - for the first time ever - just in case there's a big correction (almost definitely temporary, but still). I'd just be doing my part to smooth any panic drop that might happen. If we can slow down just a tad that would be perfect.

Bubble-o-meter was at 15% last week, now 25%. Time to start being just a little cautious, just a little suspicious of your premises. Check everything once again with no emotion. Are all the exponential indicators still there? I still expect us to hit at least $300 (or even $500 or possibly $1,000) before a cooldown.

The mood here has remained collected and cool up to just this week or so, even through such dramatic increases. That was very bullish. Now it just might be changing. I'm not saying it is for sure, but watch sentiment closely.
full member
Activity: 224
Merit: 100
DigiByte Founder
History will be written like this: First there was the Internet which gave people the freedom to share knowledge, then Google organized the internet so others could quickly find it, then Facebook connected people on an daily basis within their entire social network and finally Bitcoin freed people financially from the rule of corrupt banksters!

All i can say is: will you marrie me?
lol! I would only "Break, break your heart." Wink

Get a room!

can i pay with btc? i dont want to use dollars anymore
Why yes... I was thinking of becoming the world's first Bitcoin Pimp Smiley lol!
sr. member
Activity: 240
Merit: 250
History will be written like this: First there was the Internet which gave people the freedom to share knowledge, then Google organized the internet so others could quickly find it, then Facebook connected people on an daily basis within their entire social network and finally Bitcoin freed people financially from the rule of corrupt banksters!

All i can say is: will you marrie me?
lol! I would only "Break, break your heart." Wink

Get a room!

can i pay with btc? i dont want to use dollars anymore
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
History will be written like this: First there was the Internet which gave people the freedom to share knowledge, then Google organized the internet so others could quickly find it, then Facebook connected people on an daily basis within their entire social network and finally Bitcoin freed people financially from the rule of corrupt banksters!

All i can say is: will you marrie me?
lol! I would only "Break, break your heart." Wink

Get a room!
full member
Activity: 224
Merit: 100
DigiByte Founder
History will be written like this: First there was the Internet which gave people the freedom to share knowledge, then Google organized the internet so others could quickly find it, then Facebook connected people on an daily basis within their entire social network and finally Bitcoin freed people financially from the rule of corrupt banksters!

All i can say is: will you marrie me?
lol! I would only "Break, break your heart." Wink
sr. member
Activity: 240
Merit: 250
History will be written like this: First there was the Internet which gave people the freedom to share knowledge, then Google organized the internet so others could quickly find it, then Facebook connected people on an daily basis within their entire social network and finally Bitcoin freed people financially from the rule of corrupt banksters!

All i can say is: will you marrie me?
legendary
Activity: 1449
Merit: 1001
Imagine how much money Pirateat40 has, assuming he didn't sell his 500k or so bitcoins that people gave to him expecting 1% per day payouts.

He doesn't have them because they didn't exist ( at least most of them...).
Still even if he had 1/10 of them stored he could sell some and pay everyone back....
full member
Activity: 224
Merit: 100
DigiByte Founder
Now that's the kind of sentiment that prevails right before the bubble bursts. Every time.

Guess what? People been saying this since like, $15.  Deal with it.
Sure, people are saying and other people aren't listening. Euphoria has turned them deaf, blind and stupid. And very soon they will pay the "stupidity tax", especially those who went all in.

Sounds like you have paid the 'stupidity tax' not me. If Bitcoin dropped 96% today I'd be at breakeven and Litecoin has to drop 99.5% Grin


The only "stupidy tax" being paid will be those that didn't go all in and have since sold. I saw the potential and went all in at $27. So far the best decision of my life! And why do people not get that you can not compare Bitcoin to anything that has ever existed. The most similar thing you could compare it to would be the adoption rate for the Internet, Google or Facebook.

History will be written like this: First there was the Internet which gave people the freedom to share knowledge, then Google organized the internet so others could quickly find it, then Facebook connected people on an daily basis within their entire social network and finally Bitcoin freed people financially from the rule of corrupt banksters!

I can see the future 60 minutes/ Dateline interview title. "Alarming suicide rate amongst early adopters of Bitcoin that sold too early." I am seeing a lot of negative "you are all stupid" for not selling posts. Obviously people are bitter that they sold too early. Do yourself a favor and buy back in while you still can. ..... ok I am done venting now Smiley
legendary
Activity: 1153
Merit: 1012
Many people just figured out that the best way to get bitcoin is not to mess with insane mtgox but to provide goods and services with payment in Bitcoin. This is a nobrainer. Look at reddit, tehre is constant stream of announcements that this service and that service are now accepting Bitcoin. This trend is going only to accelerate. This is real economy that backs Bitcoin growing fast.

Expect much higher prices for Bitcoin as result. 1000$ is just about 2 double ups from here. Bitcoin is known to do such spurts within 3-5 weeks.


It is a shark feeding frenzy, only sharks will be left with non trivial amounts of bitcoins once it all calms down for a while. Are you a shark?




I think this is true, and on the other side we now have a bunch of new millionaires whose wealth is in bitcoins, they are going to want to start spending. I believe selling luxury goods for btc is where its at

I don't know if these new millionaires are likely to buy luxury goods. It's clear however that with increasing BTC wealth they are more likely to diversify / spend some of it. This is good for the whole market.
hero member
Activity: 514
Merit: 500
Many people just figured out that the best way to get bitcoin is not to mess with insane mtgox but to provide goods and services with payment in Bitcoin. This is a nobrainer. Look at reddit, tehre is constant stream of announcements that this service and that service are now accepting Bitcoin. This trend is going only to accelerate. This is real economy that backs Bitcoin growing fast.

Expect much higher prices for Bitcoin as result. 1000$ is just about 2 double ups from here. Bitcoin is known to do such spurts within 3-5 weeks.


It is a shark feeding frenzy, only sharks will be left with non trivial amounts of bitcoins once it all calms down for a while. Are you a shark?




I think this is true, and on the other side we now have a bunch of new millionaires whose wealth is in bitcoins, they are going to want to start spending. I believe selling luxury goods for btc is where its at
legendary
Activity: 1692
Merit: 1018
Imagine how much money Pirateat40 has, assuming he didn't sell his 500k or so bitcoins that people gave to him expecting 1% per day payouts.
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