$200 Bitcoin

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pro$pector

New Member
Bitcoin usually rises overnight Australian time due to American buying etc.

At the current $194.50 US price, there is a chance we may wake up to $200 Bitcoins.

What does everyone else have in mind as a price target in say, 2 months time?

The way it blew through $100 without so much as a short consolodation was impressive...will it perform this feat for $200 as well.

It's fun as hell to have skin in this game, whether I win or lose, I know that!
 
Bitcoin Stackers. lol We're slowly hijacking the forum.

Hoping for a crash so I can really load up but not expecting it. Or if it does it will crash to a point higher than it currently is. I'd buy the dips if there were any...
 
willrocks said:
This is very quickly turning into a bitcoin forum.
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I'm not complaining - it's fun watching the rollercoaster even if you're not on it.
 
I think a lot of people who are lured to silver and gold, are also lured by BTC's properties.

I have seen many an article/forum post from claimed recent BTC milllionares talking about cashing half or more out to gold.

$199.92297 AUD high haha, nice!

The market depth is just beautiful right now.
 
My theory on many things is that the nature of time in the universe will result symmetrical systems & structures. That said Bitcoin sits eloquently opposite the absurdity of algo manipulation with in the Precious Metals markets. The wealth being transferred to the smart money right now with in the bubble forming around bitcoin would do well to incrementally put down a solid foundation of gold & silver. Something soft to land on perhaps. Who knows might even shake the PM market free of it's algo deamons.
 
goldpelican said:
Will be interesting to see how high it reaches.
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Indeed it will, I originally cashed out out a substantial sum at $99 as that was my trading plan - did very well.

However I had to start buying again around $120, as it became obvious there was plenty of profit still to come.

Personally, I think anywhere from $500 - $1000 will be the peak, how far it drops from there I can't even guess.



$250 doesn't look like it will be hard to reach right now;

2j4uexs.png
 
i was thinking of picking up a few at around 100, but then thought, how high can it really go...so i put my money in siver instead now kicking my self... and now the same thing... thinking about it again now.. i'll probably go silver again, then when it gets to 300 i'll be kicking my self all over again lol
 
Forgive me for being unaware - I'm not one for charts and so on normally... but this bitcoin thing is piquing my curiosity, and I see people saying "There's buyers lined up around the block, it's going higher yet".

However, I don't understand where they're obtaining this information (and/or, if they're looking at a chart, what it is on the chart that makes them say this).

Could anyone give this old, "I buy PM's based on gut feel and fundamentals" guy a clue here, please? :)
 
Midnight Man said:
Forgive me for being unaware - I'm not one for charts and so on normally... but this bitcoin thing is piquing my curiosity, and I see people saying "There's buyers lined up around the block, it's going higher yet".

However, I don't understand where they're obtaining this information (and/or, if they're looking at a chart, what it is on the chart that makes them say this).

Could anyone give this old, "I buy PM's based on gut feel and fundamentals" guy a clue here, please? :)
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Look at the charts I posted above, that was current as of not too long ago.

The ratio seems to stay the same the higher the price moves too, all these new Mt Gox members seem to be buying, with very little people prepared to sell.
 
I have noticed it is taking off earlier and earlier.
Monday the yanks buy in at 7:45 am their time
Tuesday it goes up 7am their time. along with goxlag.
enthusiasm is growing.

A good time to trade LTC for BTC is at around 5am their time before the buying hit, and buy it back cheap during the frenzy.
 
willrocks said:
If only I put all my money into bitcoin instead of PMs I'd be a multimillionaire by now.
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But you would not have done that at the time, too off the grid and uncertain.
Everything is still uncertain with BTC, but it has obviously caught the attention of a lot more people, making it a less risky bet.
Back then I am sure you would not have been able to convince yourself to pour all this cash into this uncertain thing that was BTC.

No regrets :)
 
willrocks said:
Phiber said:
willrocks said:
If only I put all my money into bitcoin instead of PMs I'd be a multimillionaire by now.
Click to expand...

But you would not have done that at the time, too off the grid and uncertain.
Everything is still uncertain with BTC, but it has obviously caught the attention of a lot more people, making it a less risky bet.
Back then I am sure you would not have been able to convince yourself to pour all this cash into this uncertain thing that was BTC.

No regrets :)
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But that's the sad part I did want to put a lot more into Bitcoin. But my wife (who finally came around to PMs after years) convinced me bitcoin would be a bad idea. At one point I even contemplated putting a large portion of my SMSF money into bitcoin, but decided the audit and subsequent ATO investigation probably isn't worth it (how wrong I was).

Here's my thread: http://forums.silverstackers.com/topic-26829-can-a-smsf-invest-in-bitcoins.html (note the date 2012-05-24 16:40:17 because bitcoin was < $20)

As usual there's a few bird-brain replies to my serious question.
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Damn, I have to admit this is pretty hard. I have found that it is better not to discuss certain topics with people who have no understanding or interest and who are by default against it.
In the end, I reckon you did the best you could with the situation at the time. Maybe it was not possible to justify.
I wonder if the 2 idiots in your thread think it was a dumb idea right now.
 
Phiber said:
willrocks said:
If only I put all my money into bitcoin instead of PMs I'd be a multimillionaire by now.
Click to expand...

But you would not have done that at the time, too off the grid and uncertain.
Everything is still uncertain with BTC, but it has obviously caught the attention of a lot more people, making it a less risky bet.
Back then I am sure you would not have been able to convince yourself to pour all this cash into this uncertain thing that was BTC.

No regrets :)
Click to expand...

Hell, I wondered if I was half-crazy at the time. When I wanted to swap some of my silver for bitcoins on the forums here I think people thought I'd gone off the deep end.

But after reading it I knew I had to have a go, because if I didn't and it did take off, I'd regret it for the rest of my life. No regrets here either.
 
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