Worst Case Scenario - Price Predictions? - page 2.

Ducky1

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📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

Quote from: Opsamk on January 18, 2014, 04:58:35 AM

I sense a crash coming. Share your floor predictions.

I also sense a crash, but not in bitcoins. Fiat crash is coming to a stock market near you.

http://www.zerohedge.com/news/2014-01-17/terrifying-technicals-chartist-predicts-anti-fed-revulsion-and-plunge-sp-450

S&P 500 -> 450 (now 1830,70)

Denton

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Quote from: Holliday on January 18, 2014, 01:22:54 PM

Quote from: Denton on January 18, 2014, 06:06:06 AM

Depends on the scenario. If the USA, EU and China ban bitcoin <30$.

We all know that prohibition always makes the thing being prohibited less valuable. Wink

The freedom to transfer value without permission or middlemen is more important to me than ingesting substances which governments around the world have outlawed. We all know how well that worked out.

Bitcoin was designed to be ban proof from the start.

Can't agree with that. As you know Bitcoin was designed to have progressively lower block rewards, while mining revenue was supposed to increasingly come from transaction fees. This means that as time goes by a larger price and volume become necessary to keep mining profitable. By banning Bitcoin governments can destroy every chance of mainstream adoption while leaving Bitcoin a much smaller part of the economy in which it can operate. The price would crash leaving many ASICS unprofitable making the network much weaker. It's role as a transfer of value would be severely damaged because of the difficulty to exchange it for fiat as no formal exchange can exist anymore.

jeffg

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Quote from: Holliday on January 18, 2014, 01:22:54 PM

Quote from: Denton on January 18, 2014, 06:06:06 AM

Depends on the scenario. If the USA, EU and China ban bitcoin <30$.

We all know that prohibition always makes the thing being prohibited less valuable. Wink

The freedom to transfer value without permission or middlemen is more important to me than ingesting substances which governments around the world have outlawed. We all know how well that worked out.

Bitcoin was designed to be ban proof from the start.

True, but then only people will invest who really need bitcoins (drugs, guns, etc). I think currently at least 90% of the investors just want to get rich LEGALLY. Banning bitcoin will definetly have huge impact on the market cap.

Holliday

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Quote from: Denton on January 18, 2014, 06:06:06 AM

Depends on the scenario. If the USA, EU and China ban bitcoin <30$.

We all know that prohibition always makes the thing being prohibited less valuable. Wink

The freedom to transfer value without permission or middlemen is more important to me than ingesting substances which governments around the world have outlawed. We all know how well that worked out.

Bitcoin was designed to be ban proof from the start.

Holliday

legendary

Activity: 1120

Merit: 1012

You want a worst case scenario price prediction? $0.

Unless you think there is a possibility that in the future you will have to pay people to take your bitcoins.

Denton

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Merit: 100

Quote from: piramida on January 18, 2014, 06:35:58 AM

$800 actual gox bottom, $650 if some major FUD comes out in the following weeks, $500 if proudhon's sources are correct

They are official Chinese sources so obviously they're correct.

adamstgBit

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Trusted Bitcoiner

Quote from: piramida on January 18, 2014, 06:35:58 AM

$800 actual gox bottom, $650 if some major FUD comes out in the following weeks, $500 if proudhon's sources are correct

gog1

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Activity: 756

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Quote from: piramida on January 18, 2014, 06:35:58 AM

$800 actual gox bottom, $650 if some major FUD comes out in the following weeks, $500 if proudhon's sources are correct

proudhon is full of BS, provide links to some Chinese government site to make the FUD look authentic while none of the links contain anything about BTC.

Ibian

legendary

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0. That's the worst case scenario. Glad we got that sorted.

aminorex

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Merit: 1030

Sine secretum non libertas

450 stamp is where the bottom of a logarithmic channel meets the falling resistance from Jan 5th. I can't construct anything meaningful lower than that.

trepper

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Merit: 12

Quote from: T.Stuart on January 18, 2014, 05:07:42 AM

No crash is coming. You're thinking in pre-2014 terms. Market sentiment is transformed now. Any selling in the future will happen slowly and deliberately as you can see from the past few weeks

Your btc market empathy is quite impressive !
And it's too bad that you wait till november 2013 to share with all forum members your insightful long term analysis Grin

piramida

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Borsche

$800 actual gox bottom, $650 if some major FUD comes out in the following weeks, $500 if proudhon's sources are correct

jubalix

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Quote from: T.Stuart on January 18, 2014, 06:07:54 AM

Quote from: Denton on January 18, 2014, 06:06:06 AM

Depends on the scenario. If the USA, EU and China ban bitcoin <30$.

Yeah right - if Bitcoin gets banned in the whole world then I reckon around $25 per coin is the right value. Roll Eyes

super cheap coins, I can only dream....

T.Stuart

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Activity: 644

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One Token to Move Anything Anywhere

Quote from: Denton on January 18, 2014, 06:06:06 AM

Depends on the scenario. If the USA, EU and China ban bitcoin <30$.

Yeah right - if Bitcoin gets banned in the whole world then I reckon around $25 per coin is the right value. Roll Eyes

Denton

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Depends on the scenario. If the USA, EU and China ban bitcoin <30$.

fonzie

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Moderator

We will see 2-300$ coins this year again, maybe not not this weekend. But rather expect sooner than later.

T.Stuart

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One Token to Move Anything Anywhere

No crash is coming. You're thinking in pre-2014 terms. Market sentiment is transformed now. Any selling in the future will happen slowly and deliberately as you can see from the past few weeks, and using previous crash data to calculate lows will fail.

Opsamk

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I sense a crash coming. Share your floor predictions.

Topic: Worst Case Scenario - Price Predictions? - page 2. (Read 2867 times)