Bitcoin Price Thread

dozu888 · Jan 14, 2019

there are 2 types of people stuck in bitcoin, or any other cryptos -

- those who have experienced the 2000 tech bubble... these people are stupid as they've been fooled twice;
- those who haven't, these people are just ignorant as they don't know any better.

crossingover · Jan 21, 2019

My selling price is close to $5000 now. What are my changes for it to happen in the next 2 months, which is when I'll need the money? Can anyone calculate?

maxinger · Jan 21, 2019

crossingover said:
My selling price is close to $5000 now. What are my changes for it to happen in the next 2 months, which is when I'll need the money? Can anyone calculate?

don't understand your question.

Is your average selling price $5000 (ie you already shorted bitcoin earlier)?
And you are hoping price to go lower and close position with profit?

well. It seems like price is hovering around 3200 to 4400 for past few weeks. soon price will break out of this range. will it break up or down ? no idea but overall there is downward bias.

dozu888 · Jan 22, 2019

maxinger said:
don't understand your question.

Is your average selling price $5000 (ie you already shorted bitcoin earlier)?
And you are hoping price to go lower and close position with profit?

well. It seems like price is hovering around 3200 to 4400 for past few weeks. soon price will break out of this range. will it break up or down ? no idea but overall there is downward bias.

i am guessing he meant his average cost... and trying to get out even at 5000.

every bubble in history, without exception, ended with the price returning to where the bubble started.

so - there is your answer.

dozu888 · Jan 22, 2019

my assessment has been fairly accurate - the crypto technology as a whole should worth about $100b at the current stage... so at $120b it's fairly close... but when a bubble is popping it can easily over-shoot down to $50b, or bounce back to $200b.... these things are so thinly traded and manipulated, nobody really knows.... but the fair value should be around $100b.