Bitcoin Price Thread

Bitcoin price to SKYROCKET: Expert has 'no doubt' Bitcoin will reach over $100,000
BITCOIN price is likely to skyrocket to $100,000 and beyond as the cryptocurrency market expands, a technology boss has said.
By Charlotte Davis
PUBLISHED: 09:37, Wed, Jan 24, 2018 | UPDATED: 09:38, Wed, Jan 24, 2018

CEO of Shopin Eran Eyal said he has “no doubt” bitcoin will reach a value of beyond $100,000 in the future.

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I guess those experts must be happily buying (and averaging?) bitcoin at $6250 thinking is very cheap and they are still aiming for $100 000, target 6 digits level?

common sense will tell if Bitcoin technology is sooo wonderful, competitors will set in and price wouldn't sky rocket to the moon.

I, the non expert, will aim for 3 digits level.
 
Last edited:
maxinger said:
Bitcoin price to SKYROCKET: Expert has 'no doubt' Bitcoin will reach over $100,000
BITCOIN price is likely to skyrocket to $100,000 and beyond as the cryptocurrency market expands, a technology boss has said.
By Charlotte Davis
PUBLISHED: 09:37, Wed, Jan 24, 2018 | UPDATED: 09:38, Wed, Jan 24, 2018

CEO of Shopin Eran Eyal said he has “no doubt” bitcoin will reach a value of beyond $100,000 in the future.

----------------------------------------------------------------------------------------

I guess those experts must be happily buying (and averaging?) bitcoin at $6250 thinking is very cheap and they are still aiming for $100 000, target 6 digits level?

common sense will tell if Bitcoin technology is sooo wonderful, competitors will set in and price wouldn't sky rocket to the moon.

I, the non expert, will aim for 3 digits level.
More...

OK, I get it. Yeah, we bulls were pretty cocky in December but now when the bears are talking Bitcoin below a thousand, well just maybe, just maybe the bottom may be near.
 
dozu888 said:
not bulls, bullshitters.

in a scam there are bullshitters and bullshittees.

now the public is trapped... from $20k all the way down here... fxcm is 76% long, no relief in sight.

$240b market cap for a bunch of white papers, plus a couple of coins that have some actual usage.

the same amount of money can buy NVDA, plus $80b in walking-around money... or NFLX, with $60b walking-around, or go down to the 2nd page of nasdaq-100 and pick 3 of them around $80b..... see the point - $240b still way too high.

the public is trapped - this is a race to the bottom, a race of who can make the decision first to cut loss.... yes, tough decision, but that's what the race is all about.

saying 'I told you so' is too low... but I did say the picture was too clear to ignore.

this is not a store of value. when stuff happens (latest being the trade war), where do people run to? the US dollar, the true gold.

this is not a currency - nobody can conduct commerce with this.

so what is this? some software with some potential usage.

so value it like any other software... and see my market cap points above.

now going over to reddit/bitcoin to have my laughs.
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With your expertise on bitcoin as a trading instrument coupled with your vast IT experience, I think you should contact the people below to warn them of their misguided plans:

[borrowed from another thread's content]:

  • Andreessen Horowitz is "investing aggressively" in crypto, even as bitcoin and other cryptocurrencies have dropped by more than 50 percent this year.
  • The company raised $300 million for its first crypto-focused fund and is bringing on its first female general partner, former U.S. Department of Justice prosecutor Katie Haun, to lead the effort.
  • ...

David Paul Morris | Bloomberg | Getty Images
Marc Andreessen, co-founder and general partner of Andreessen Horowitz
 
johnarb said:
With your expertise on bitcoin as a trading instrument coupled with your vast IT experience, I think you should contact the people below to warn them of their misguided plans:

[borrowed from another thread's content]:

  • Andreessen Horowitz is "investing aggressively" in crypto, even as bitcoin and other cryptocurrencies have dropped by more than 50 percent this year.
  • The company raised $300 million for its first crypto-focused fund and is bringing on its first female general partner, former U.S. Department of Justice prosecutor Katie Haun, to lead the effort.
  • ...

David Paul Morris | Bloomberg | Getty Images
Marc Andreessen, co-founder and general partner of Andreessen Horowitz
More...

so these people supposed to have extra 50 investment IQ points?

reddit/bitcoin is full of these stories... passed on from 1 trapped guy to another for moral support.
 
Illini Trader said:
OK, I get it. Yeah, we bulls were pretty cocky in December but now when the bears are talking Bitcoin below a thousand, well just maybe, just maybe the bottom may be near.
More...

you need main stream opinion - some talking heads of some significance to do that, to signal a bottom.... basically what happens is these whales think there is a hold-able bottom, then they will put out some front man to give very low targets, to squeeze out last bit of trapped longs.

this happens in equities all the time.
 
dozu888 said:
so these people supposed to have extra 50 investment IQ points?

reddit/bitcoin is full of these stories... passed on from 1 trapped guy to another for moral support.
More...

They're obviously not as good as you (in your mind) when it comes to investment analysis, but they just might be a little more successful than you, don't you think?
 
johnarb said:
They're obviously not as good as you (in your mind) when it comes to investment analysis, but they just might be a little more successful than you, don't you think?
More...

goes back to my original argument - does 'successful' give them 50 extra points? not to mention if the 'success' is 3rd party audited.

'successful' people are wrong all the time.

again - bouncing these stories around is just trapped longs looking for moral support. 77% long on fxcm, no relief in sight, but plenty of trapped guys to pass this story along.

and this story is far from the worst... can't stop laughing when I see on reddit/bitcoin... stories like 'there is a new bitcoin ATM in tim buck two!'.... how desperate are these people... pathetic.
 
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