grindle wrote: » Some ICO dev I talk to reckons BTC will hit $3k-$4k and ETH $300-$400 over coming months. It's all guessing though, trying to spot patterns in something this young and volatile is shaky.
Roberto_gas wrote: » Is anyone buying now ? Or shud wait...
Nika Bolokov wrote: » The hundreds for BTC is probably more likely for a while anyway if the post Decemeber buyers realise it's not a road to riches and the losses start to hurt. There were posters on here saying at the time they were investing 10 grand etc .....
h0neybadger wrote: » Anything under $3,000 for BTC will be severely problematic considering the difficulty in mining. Only a very small handful of countries can run miners cheap enough that miners will break even at $3,000 per BTC
h0neybadger wrote: » Anything under $4,000 for BTC will be severely problematic considering the difficulty in mining. Only a very small handful of countries can run miners cheap enough that miners will break even at $4,000 per BTChttps://ibb.co/eWBnAH
smacl wrote: » That was some price jump in 2 minutes
Tinder Surprise wrote: » Hope you dont mind me asking....what are you currently mining at the moment?
h0neybadger wrote: » When I posted it originally, I tried to attach a pic but it was too large. When I opened it, I realised 3k still rules out almost every country except Venezuela! So I up it to 4K
grindle wrote: » Sub $1k BTC? 95% drop from ATH - I dunno, seems unrealistic to me. Media has become largely positive about everything, subreddits are still busy and a rake of ICOs have projects lifting off this year, plus they have huge marketing funds. Once a lot of those dev team's vested funds get released they'll likely be piling a portion of their profits back into ETH and BTC. It'll be an interesting thing to look back on anyway. More data to incorrectly apply to future events. :cool:
Nika Bolokov wrote: » grindle wrote: » Sub $1k BTC? 95% drop from ATH - I dunno, seems unrealistic to me. Media has become largely positive about everything, subreddits are still busy and a rake of ICOs have projects lifting off this year, plus they have huge marketing funds. Once a lot of those dev team's vested funds get released they'll likely be piling a portion of their profits back into ETH and BTC. It'll be an interesting thing to look back on anyway. More data to incorrectly apply to future events. :cool: It is very hard to know but today again there seems to be more major negative moves down. Only time will tell !!
Blacktie. wrote: » The crypto markets aren't the laws of physics.
lifeandtimes wrote: The laws of physics apply to everything
lifeandtimes wrote: » The laws of physics apply to everything What happened in the world outside of crytpos (regulations, banning, promotion, integration) all have an effect on cryptos. The fear of panic buying or selling doesn't come from nowhere and as such Newtons 3rd law applies in 1 way or another
Arrival wrote: » So who's prepared to ride this crash out for possibly a year or more? Obviously not saying this is how long it could be for sure, but it's happened before and it's interesting to think about people's willingness to hold for so long during a decent sized dip. I think we haven't reached full on despair yet. I bought my BTC and ETH with the expectation to hold it for at least 4-5 years minimum no matter what lows it went to during crashes in those years so I keep reminding myself of that while checking the prices a lot less. Ethereum will surely have big news this year though that'll hopefully impact the price of ETH and maybe even cause the flippening many people are anticipating, and that would very interesting to see what happens to the price of BTC because it's not like the fundamentals of BTC will have changed by then and it may even have more scaling solutions by then so hopefully it'll basically just result in the two being entirely independent from each other growth wise
lifeandtimes wrote: Newton's third law is: For every action, there is an equal and opposite reaction The highs of Nov,Dec and Jan haven't balanced out yet so there will be more of this for a while. I fully believe the market will stabilise and begin a bull run again but only time will tell
ligerdub wrote: » Ironic you used Newton as a reference, a man who lost his arse investing in the South Sea Company, one of the biggest bubbles to burst in the history of financial markets. That didn't shoot back up either.
JohnnyFlash wrote: » The cryptocurrency bubble is of an order of magnitude greater than the South Sea bubble, the Dutch Tulip mania, or the Japanese housing bubble as well. It’s fairly unprecedented.
drunkmonkey wrote: » if your calling it a bubble it’s already burst as most bubbles aren’t noticed until afterwards.
Bob24 wrote: » True that most people will only notice a bubble after it starts bursting. But it doesn’t mean that when it gets noticed it is done bursting. See the Irish property bubble as an exemple. By 2009 most people would have recognised there was a bubble, but it took another few years to have clarity on the extend of the correction and be able to say the bubble was done bursting (and to be honest in 2009 no one could have accurately predicted how much longer it would take and how low prices would go).
drunkmonkey wrote: » Yes and it became to expensive to build houses, much like bitcoin, it has a bottom where it no longer becomes feasible for anyone to make bitcoins, I put that figure of a rock bottom of about $2000 a coin. What happens when no more start coming online much like housing, price goes up. Digital currency is the way forward but it’s got a long way to go. The bubble if it is a bubble hasn’t even started.
