When do you think BTC will skyrocket again?

suukool

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Quote from: MatTheCat on December 22, 2013, 11:37:55 AM

Quote from: T.Stuart on December 22, 2013, 11:31:21 AM

Ha ha! I just meant the way you phrased it "bullish until just after the double-top"... sounds obvious, get it?

But if you want to talk seriously about predicting bitcoin price movements... I admit it - it's a fair cop - I'm pretty crap at it!

Yeah...to me it was obvious.

But apparently not to 80% of the 'HODL' phrase using retards on this forum.

If you want to go find someone on here with an uncanny ability for pulling Bitcoin predictions out of his dreams n shit like that, go and search for a poster called zukool (or something like that).

Bitcoin was charging up towards its first $1200 top when he came out and stated he had dreams where Bitcoin was back trading in $200 range. Sounded inconceivable at the time, but we got pretty close to that already and if William Hill (I assume you are from UK, Scottish even?) were taking bets on Bitcoin prices, I don't think that you would get great odds by betting on Bitcoin to hit $200 range before Jan 2014 is out.

It's SuuKool...and thank you. Bitcoin is going UP not down.

btcrich

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Quote from: piramida on December 24, 2013, 07:03:31 AM

Quote from: btcrich on December 24, 2013, 06:54:51 AM

Quote from: empoweoqwj on December 24, 2013, 05:57:57 AM

Quote from: piramida on December 24, 2013, 05:29:38 AM

People will never be bothered to register and buy at exchanges. However, 2014 would be the year of bitcoin ATMs being installed in hundreds around the world. That would help general public chip in, the first ever did over 1mil dollar business in just one month.

Agreed. ATM machines installed in as many locations in as many countries as legalities allow will drive adoption, not dodgy web exchanges which few people appear to like in any way.

Yes, totally. First one did 1 mil in the first month? That's awesome!

I've been meaning to do a bit more research into what I'd need to do to set some up here in China. Hearing this, I should probably get moving on it.

http://www.coindesk.com/robocoin-bitcoin-atm-cad1m-29-days/

It's not as simple as buy one and install one; you have to already have some weight in local business circles to even start discussions with atm manufacturers. Being able to rent a good place for installation is most important.

I have retail locations available in Beijing, Shanghai, and Shenzhen already. Also, I can't imagine the hardware being that difficult to acquire here. What I'm interested in is exactly how the transaction is performed and at what premium to the buyer. As long as it can be tied in directly to an exchange to avoid any exposure to the volatile market on my part, seems like a no-brainer.

Either way, will research this.

piramida

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Borsche

Quote from: btcrich on December 24, 2013, 06:54:51 AM

Quote from: empoweoqwj on December 24, 2013, 05:57:57 AM

Quote from: piramida on December 24, 2013, 05:29:38 AM

People will never be bothered to register and buy at exchanges. However, 2014 would be the year of bitcoin ATMs being installed in hundreds around the world. That would help general public chip in, the first ever did over 1mil dollar business in just one month.

Agreed. ATM machines installed in as many locations in as many countries as legalities allow will drive adoption, not dodgy web exchanges which few people appear to like in any way.

Yes, totally. First one did 1 mil in the first month? That's awesome!

I've been meaning to do a bit more research into what I'd need to do to set some up here in China. Hearing this, I should probably get moving on it.

http://www.coindesk.com/robocoin-bitcoin-atm-cad1m-29-days/

It's not as simple as buy one and install one; you have to already have some weight in local business circles to even start discussions with atm manufacturers. Being able to rent a good place for installation is most important.

btcrich

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Activity: 302

Merit: 250

Quote from: empoweoqwj on December 24, 2013, 05:57:57 AM

Quote from: piramida on December 24, 2013, 05:29:38 AM

People will never be bothered to register and buy at exchanges. However, 2014 would be the year of bitcoin ATMs being installed in hundreds around the world. That would help general public chip in, the first ever did over 1mil dollar business in just one month.

Agreed. ATM machines installed in as many locations in as many countries as legalities allow will drive adoption, not dodgy web exchanges which few people appear to like in any way.

Yes, totally. First one did 1 mil in the first month? That's awesome!

I've been meaning to do a bit more research into what I'd need to do to set some up here in China. Hearing this, I should probably get moving on it.

empoweoqwj

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Quote from: piramida on December 24, 2013, 05:29:38 AM

People will never be bothered to register and buy at exchanges. However, 2014 would be the year of bitcoin ATMs being installed in hundreds around the world. That would help general public chip in, the first ever did over 1mil dollar business in just one month.

Agreed. ATM machines installed in as many locations in as many countries as legalities allow will drive adoption, not dodgy web exchanges which few people appear to like in any way.

piramida

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Activity: 1176

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Borsche

People will never be bothered to register and buy at exchanges. However, 2014 would be the year of bitcoin ATMs being installed in hundreds around the world. That would help general public chip in, the first ever did over 1mil dollar business in just one month.

btcrich

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Quote from: empoweoqwj on December 23, 2013, 11:23:10 PM

It could take decades for 200 million people to invest $1 each. That's the only downside.

I was moreso questioning BittBurger's remark that price would not move if large populations bought only small quantities of Bitcoin. Of course you would be dreaming if you thought an Indian exchange would suddenly have 200 million users. Mt. Gox only reached 1 million users just a few days ago.

How many users does btcchina have? I'm pretty sure it's not even close to 1 million. Even at 1 million, that would still be less than 0.1% of the population here.

empoweoqwj

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It could take decades for 200 million people to invest $1 each. That's the only downside.

btcrich

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Merit: 250

Quote from: empoweoqwj on December 22, 2013, 10:28:38 PM

Quote from: Lloydie on December 22, 2013, 07:46:23 PM

Quote from: damiano on December 21, 2013, 09:43:46 PM

$300-450 is a good price for china not being able to buy coins.

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins.

The rich in India will have a major impact. The poor will do what they can to hang on.

What exchange will the Indian rich use? Is it easy to wire money in and out of India or are their restrictions like China?

There was a thread on the forum about an exchange in India that had just launched.

Guarav Burman is also bringing an exchange to India that will have credibility.

http://economictimes.indiatimes.com/tech/internet/dabur-scion-gaurav-burman-bites-into-bitcoins/articleshow/27574053.cms

Quote from: BittBurger on December 22, 2013, 08:40:35 PM

Quote from: Lloydie on December 22, 2013, 07:46:23 PM

Quote from: damiano on December 21, 2013, 09:43:46 PM

$300-450 is a good price for china not being able to buy coins.

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins.

The rich in India will have a major impact. The poor will do what they can to hang on.

There is nothing stopping 200 million Indians from buying into sub-1 BTC quantities of Bitcoin ... however this will not do a thing to increase its overall price.

Because of BTC's nearly infinite divisibility, theoretically an entire country could buy in mBTC's at a price of $650 and the value wouldn't go up even $1 USD.

Don't you think it would be better for the future of Bitcoin to have 200 million people invest $1 each into Bitcoin rather than one person invest $200 million? How would the price not move in either case?

empoweoqwj

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Quote from: keewee on December 23, 2013, 12:04:38 AM

Quote from: empoweoqwj on December 22, 2013, 11:58:33 PM

Quote from: shmadz on December 22, 2013, 11:52:11 PM

To me this feels a lot like it did after the first boom.

price shot up to 30, came back to ten, some people didn't want to believe it was over and it came back to around 15? and then down to 2.

I remember some pretty sobering times while the price just festered in the five dollar range.

Just to put up a guess, I think we are looking forward to an awkwardly long time in the 400-600 range. I would guess we won't see the next "skyrocket" until May 5 2014.

Love the "May 5" bit - got a problem with May 4? Wink

May 5 is Monday

Gotcha

keewee

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Quote from: empoweoqwj on December 22, 2013, 11:58:33 PM

Quote from: shmadz on December 22, 2013, 11:52:11 PM

To me this feels a lot like it did after the first boom.

price shot up to 30, came back to ten, some people didn't want to believe it was over and it came back to around 15? and then down to 2.

I remember some pretty sobering times while the price just festered in the five dollar range.

Just to put up a guess, I think we are looking forward to an awkwardly long time in the 400-600 range. I would guess we won't see the next "skyrocket" until May 5 2014.

Love the "May 5" bit - got a problem with May 4? Wink

May 5 is Monday

empoweoqwj

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Quote from: shmadz on December 22, 2013, 11:52:11 PM

To me this feels a lot like it did after the first boom.

price shot up to 30, came back to ten, some people didn't want to believe it was over and it came back to around 15? and then down to 2.

I remember some pretty sobering times while the price just festered in the five dollar range.

Just to put up a guess, I think we are looking forward to an awkwardly long time in the 400-600 range. I would guess we won't see the next "skyrocket" until May 5 2014.

Love the "May 5" bit - got a problem with May 4? Wink

shmadz

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@theshmadz

To me this feels a lot like it did after the first boom.

price shot up to 30, came back to ten, some people didn't want to believe it was over and it came back to around 15? and then down to 2.

I remember some pretty sobering times while the price just festered in the five dollar range.

Just to put up a guess, I think we are looking forward to an awkwardly long time in the 400-600 range. I would guess we won't see the next "skyrocket" until May 5 2014.

empoweoqwj

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Merit: 500

Quote from: revans on December 22, 2013, 11:03:19 PM

Quote from: BitcoinSteve on December 21, 2013, 07:05:04 PM

Next month? 2? a year? Speculate here..

Kind of telling that you don't consider the possibility that it may never do so again.

The short history of bitcoin tells us it doesn't take much to set off a "boom". So the chances of it never happening again are highly unlikely.

revans

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Quote from: BitcoinSteve on December 21, 2013, 07:05:04 PM

Next month? 2? a year? Speculate here..

Kind of telling that you don't consider the possibility that it may never do so again.

empoweoqwj

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Quote from: Lloydie on December 22, 2013, 10:41:21 PM

Quote from: empoweoqwj on December 22, 2013, 10:28:38 PM

Quote from: Lloydie on December 22, 2013, 07:46:23 PM

Quote from: damiano on December 21, 2013, 09:43:46 PM

$300-450 is a good price for china not being able to buy coins.

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins.

The rich in India will have a major impact. The poor will do what they can to hang on.

What exchange will the Indian rich use? Is it easy to wire money in and out of India or are their restrictions like China?

https://buysellbitco.in/. I don't know much about Indian currency controls.

Thanks. There is certainly plenty of money in the Indian middle classes. Perhaps they will join in on the next "boom". I certainly don't see them causing it.

Lloydie

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Quote from: empoweoqwj on December 22, 2013, 10:28:38 PM

Quote from: Lloydie on December 22, 2013, 07:46:23 PM

Quote from: damiano on December 21, 2013, 09:43:46 PM

$300-450 is a good price for china not being able to buy coins.

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins.

The rich in India will have a major impact. The poor will do what they can to hang on.

What exchange will the Indian rich use? Is it easy to wire money in and out of India or are their restrictions like China?

https://buysellbitco.in/. I don't know much about Indian currency controls.

empoweoqwj

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Activity: 518

Merit: 500

Quote from: Lloydie on December 22, 2013, 07:46:23 PM

Quote from: damiano on December 21, 2013, 09:43:46 PM

$300-450 is a good price for china not being able to buy coins.

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins.

The rich in India will have a major impact. The poor will do what they can to hang on.

What exchange will the Indian rich use? Is it easy to wire money in and out of India or are their restrictions like China?

BittBurger

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Quote from: Lloydie on December 22, 2013, 07:46:23 PM

Quote from: damiano on December 21, 2013, 09:43:46 PM

$300-450 is a good price for china not being able to buy coins.

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins.

The rich in India will have a major impact. The poor will do what they can to hang on.

There is nothing stopping 200 million Indians from buying into sub-1 BTC quantities of Bitcoin ... however this will not do a thing to increase its overall price.

Because of BTC's nearly infinite divisibility, theoretically an entire country could buy in mBTC's at a price of $650 and the value wouldn't go up even $1 USD.

Lloydie

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Activity: 140

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Quote from: damiano on December 21, 2013, 09:43:46 PM

$300-450 is a good price for china not being able to buy coins.

No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins.

The rich in India will have a major impact. The poor will do what they can to hang on.

Topic: When do you think BTC will skyrocket again? (Read 7389 times)