donations anyone for my great thread? 
Crikey - there's subtle and there's ..... that
Topic: When do you think BTC will skyrocket again? - page 3. (Read 7389 times)
Crikey - there's subtle and there's ..... that
donations anyone for my great thread?
$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.
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.
Agreed about India. It won't be India pushing the price up to new levels.
$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.
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.
I worked overseas for 6 yrs and our company hired them as cheap labor. Lots of time and conversation with them (Hundreds of them coming and going over the 6 yrs), them mainly being from the South, East and West. Only a couple from the North. All of them, regardless of location, had about a nickle in their pocket. Very Poor! On top of being very poor they are also Very Tight with their money.
I don't see them being a power player like China... unless and only if they designed some mining machines that blow away whats out there now.
What would happen then? Price drop?
Honestly I'm not sure, but that's the assumption.
I guess it depends on how quickly. How many people. How many coins.
Is China still the thing propping us up?
Remember: Before china we were at $150-200 pretty consistently.
China took us from $200 to $1200 practically overnight.
Now remove China completely from the equation. Will we go back to $200?
Its probable that a lot more people got in over the last 2 months. Maybe enough to support a $300 price. Maybe $400. Maybe even $500.
-B-
The price has never been stable. There is always a news event to send coins one way or the other. Just have to wait to see if the next is good or bad.
Thankfully you don't. I've seen some of your predictions and they are all extremely sceptical and pessimistic. The glass is always half empty, right?
YEAH BUT GUESS WHAT!!!
UP UNTIL NOW, I HAVE ALWAYS BEEN RIGHT!
The only time I have been wrong in a way that made me lose money, was when I was too optimistic. (buying crash at $550 instead of $400....I panic sold on bounce).
$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.
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.
It is exactly these sort of places where the few who have money are looking to both hide and get their wealth the fk out the country.
Wealthy people in these countries are those who will have the biggest hard-ons for Bitcoin.
$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.
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.
Next month? 2? a year? Speculate here..
After it has been smashed into the basement by the China wind down, and has spent a period of time trending in the doledrums.
Anyone who thinks that this China thing is over, or that Bitcoin 'doesn't need China', is delusional imo.
A massive big glut of coins that WILL be getting sold on a Bitcoin exchange near you, and soon!
If china sells there will be people screaming "shut up and take my money" everywhere. Just ask yourself now - would I buy at $200? I sure would, which means it won't go that low.
Yeah, cos you call the shots in this market!
What's to stop the chinese gov from deciding that btcchina is their Silk Road, shutting it down and seizing all the bitcoins on the exchange? If they do that, they could then wait a few months, half a year or whatever, declare bitcoin Good and have a lot of them handy.
Next month? 2? a year? Speculate here..
After it has been smashed into the basement by the China wind down, and has spent a period of time trending in the doledrums.
Anyone who thinks that this China thing is over, or that Bitcoin 'doesn't need China', and that the China effect has been priced into the market at $500 is delusional imo.
A massive big glut of coins that WILL be getting sold on a Bitcoin exchange near you, and soon!
If china sells there will be people screaming "shut up and take my money" everywhere. Just ask yourself now - would I buy at $200? I sure would, which means it won't go that low.
Yeah, cos you call the shots in this market!
What would happen then? Price drop?
Honestly I'm not sure, but that's the assumption.
I guess it depends on how quickly. How many people. How many coins.
Is China still the thing propping us up?
Remember: Before china we were at $150-200 pretty consistently.
China took us from $200 to $1200 practically overnight.
Now remove China completely from the equation. Will we go back to $200?
Its probable that a lot more people got in over the last 2 months. Maybe enough to support a $300 price. Maybe $400. Maybe even $500.
-B-
It shouldn't be that bad. We have Gox opening worldwide transfers ( probably hoping to invite some Chinese). We have possible new exchange opening in the UK and one already up in India.
If china sells there will be people screaming "shut up and take my money" everywhere. Just ask yourself now - would I buy at $200? I sure would, which means it won't go that low.
The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges
After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it
After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it
I would hope that buyers and sellers were rational enough to regard this as inevitable and plan accordingly. No doubt it'll make things wobble anyway.
I don't think that its very widely known that Chinese investors have been given until Jan 31 to get out of Bitcoin completely.
I randomly heard about it in a podcast, but have seen nobody discussing it here much.
No matter what buyers and sellers do on our end, we can't stop the potentially tens of thousands of Chinese who may "dump" their coins over the next 45 days.
That's not strictly correct. Jan 31 is when withdrawals from the exchanges through traditional means come to an end afaik. Chinese investors can still hold their bitcoins as long as they want, and trade on other exchanges if they have the ability to withdraw in other currencies. They can also buy and sell otc as much as they want. I would imagine, also, that the exchanges are busy trying to come up with solutions so they can continue to operate after that date.
What would happen then? Price drop?
Honestly I'm not sure, but that's the assumption.
I guess it depends on how quickly. How many people. How many coins.
Is China still the thing propping us up?
Remember: Before china we were at $150-200 pretty consistently.
China took us from $200 to $1200 practically overnight.
Now remove China completely from the equation. Will we go back to $200?
Its probable that a lot more people got in over the last 2 months. Maybe enough to support a $300 price. Maybe $400. Maybe even $500.
-B-
What would happen then? Price drop?
Honestly I'm not sure, but that's the assumption.
I guess it depends on how quickly. How many people. How many coins.
Is China still the thing propping us up?
Remember: Before china we were at $150-200 pretty consistently.
China took us from $200 to $1200 practically overnight.
Now remove China completely from the equation. Will we go back to $200?
Its probable that a lot more people got in over the last 2 months. Maybe enough to support a $300 price. Maybe $400. Maybe even $500.
-B-
Question is, will $40k will be worth $40k when BTC arrives at $40k 
The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges
After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it
After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it
I would hope that buyers and sellers were rational enough to regard this as inevitable and plan accordingly. No doubt it'll make things wobble anyway.
I don't think that its very widely known that Chinese investors have been given until Jan 31 to get out of Bitcoin completely.
I randomly heard about it in a podcast, but have seen nobody discussing it here much.
No matter what buyers and sellers do on our end, we can't stop the potentially tens of thousands of Chinese who may "dump" their coins over the next 45 days.
What would happen then? Price drop?
The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges
After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it
After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it
I would hope that buyers and sellers were rational enough to regard this as inevitable and plan accordingly. No doubt it'll make things wobble anyway.
I don't think that its very widely known that Chinese investors have been given until Jan 31 to get out of Bitcoin completely.
I randomly heard about it in a podcast, but have seen nobody discussing it here much.
No matter what buyers and sellers do on our end, we can't stop the potentially tens of thousands of Chinese who may "dump" their coins over the next 45 days.
The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges
After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it
After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it
I would hope that buyers and sellers were rational enough to regard this as inevitable and plan accordingly. No doubt it'll make things wobble anyway.
Bitcoin is still not mainstream. Once some big players get involved like PayPal, Ebay, etc. you will see it really take off. It could be next year or 2015 we'll see.
It all needs to start with a full capitulation on Bitstamp, acting on it's own without following btcchina. Volume needs to be found again at it's natural level, and then there needs to be a rise on consistently high volume also.
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