And 900
I m predictin that it will reach 1100 in just 1 week
4 different people you see the same thing. a bot.
Its of course a very good and simple explanation.
But since i am always not a believer with first look i can think that is something else.
On another older post of me i asked somewhere: can this gox coins be up for sale and do that like this???
so with this way they are getting almost the maximum of price they can?
it's very unbelievable this to you? why to me looks very good option also?
maybe ok not gox but who knows...??
Yes, make sense too.
Nobody knows where are Gox's coins, soo is very possible and the probably is high.
Anyone have other ideas?
Markets could be such a gold pot if bots didn't exist
Gona hit 1000 USD today, thats my prediction
We are back in the business my friends
If the Winkle ETF gets turned down, I'll be buying. Aside from ETF's, it is only one string in the bitcoin bow. There are many global trends that bode well for bitcoin, with China's dwindling FX reserves / capital controls / devaluations being a biggie. A visit back to the 800's would be great.
Yes, but we do believe that SEC's approval is just the beginning of the new era, with that new money will come, new buyers, the ones who never heard about bitcoin, the richest man, the poor man, everyone will get in, and price will climbe to a level you have never imagine.
Personally, I don't believe bitcoin gonna decline so much to 800 level, 950/980 maybe, but not 800 (forget it).
$1100 tonight?
Tomorrow it will happen sure, tomorrow the majority of the people receive their salarys, and certantly new money will do that climb
I like to think parity in terms of ~380 ounces per BTC. That's due to the ratio of 6.1 bn above ground ounces vs 16.15 mn bitcoins mined.
That would require a price of $456k per BTC - but at least the scarcity ratio would be accounted for...
As a side note, the problem with gold spiking upwards is its large marketcap and large annual production levels. At current prices, ~3500 tons of gold per year of new mining output (without factoring recycling) is ~110mn oz. That requires 132bn USD to absorb. A tenfold increase in the price of gold, would suddenly require 1.32 trillion USD per year just to buy annual production. The problem is that there is no such liquidity in the system for allowing this.
On the other hand, silver or bitcoin, can do much larger runs due to their smaller marketcap and much smaller liquidity requirements to buy their annual production.
BTC at 10500$ (10x) would require just 6.9 billion per year to buy the annual production (657k coins x 10.5k usd).
Silver at 170$ (10x) would require 136 billion per year to buy the annual mining output of ~800mn oz.
Gold is priced so high that the numbers involved are too high at 1.32 trillion USD (in a scenario of 10x price) for its 110mn oz. It could happen in a hyperinflation scenario, but then the money one takes wouldn't be worth it anyway. In a sense, gold is constrained from doing a huge run by its large marketcap and the liquidity requirements in the fiat system to sustain prices of 10x+. Silver less so, and bitcoin even less so.
Bitcoin seems to be the best bet in terms of upwards potential because it's so small and its fiat requirements to sustain its rise and mining output absorption are equally small.
Well observerd, and I agree with you in all you said
