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BIT COIN (S)

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orly said:
Well, you say it here mate
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with regards to my mate did you interpret from my post that he had sold his holdings today? where did i say that? because he hasnt - far from it. sorry i was trying to say, his 55k initial investment into bitcoin was now worth 2 million. and it is staying in bitcoin.
 
Kev The Rat said:
with regards to my mate did you interpret from my post that he had sold his holdings today? where did i say that? because he hasnt - far from it. sorry i was trying to say, his 55k initial investment into bitcoin was now worth 2 million. and it is staying in bitcoin.
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That's a fair enough clarification.

I do ask again though; on what foundation beyond gut instinct do you base your $20k in January 2018 and $50k by end of 2018?
 

orly said:
That's a fair enough clarification.

I do ask again though; on what foundation beyond gut instinct do you base your $20k in January 2018 and $50k by end of 2018?
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the exponential characteristics presently being shown. the lack of attention being paid to any downward movements. it seems the market wants the same percentage term gains they had this year, next year.

we can revisit this thread again tomorrow, i can see the market shaping up for another big movement upwards tonight.

Ill call it 10.3k by tomorrow lunchtime. Maybe as high as 10.5k Let's see if im right, or not.
 
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Kev The Rat said:
the exponential characteristics presently being shown. it seems the market wants the same percentage term gains they had this year, next year.

we can revisit this thread again tomorrow, i can see the market shaping up for another big movement upwards tonight.

Ill call it 10.3k by tomorrow lunchtime. Let's see if im right, or not.
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Again Kev, you're talking short term speculation here. I'm asking you why you think you will see $20k in January 2018 and $50k by end of 2018 beyond speculative appetite which, if that's all there truly is fueling this, is 100% guaranteed to crash spectacularly.
 
orly said:
Again Kev, you're talking short term speculation here. I'm asking you why you think you will see $20k in January 2018 and $50k by end of 2018 beyond speculative appetite which, if that's all there truly is fueling this, is 100% guaranteed to crash spectacularly.
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maybe we should just see whose right and whose wrong, surely that's the true test. if it crashes and i'm calling a bull run, then call me out on it.

on the brink of busting a new all time high as we speak mate. another 30k for me tonight by the looks of things.
 

orly said:
Again Kev, you're talking short term speculation here. I'm asking you why you think you will see $20k in January 2018 and $50k by end of 2018 beyond speculative appetite which, if that's all there truly is fueling this, is 100% guaranteed to crash spectacularly.
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oh and by the way I'm calling 20k gbp and 50k gbp not usd. In terms of short term speculation, i believe a one month window falls into that category and that's the time frame you requested.
 
Kev The Rat said:
maybe we should just see whose right and whose wrong, surely that's the true test. if it crashes and i'm calling a bull run, then call me out on it.

on the brink of busting a new all time high as we speak mate. another 30k for me tonight by the looks of things.
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Again, you're turning this into a personal 'people are telling me I'm wrong, look at my money' thing Kev. I certainly wouldn't want you to lose a monstrous amount of real cash to win an internet argument. Let's face it, saying 'the price will go up' on something that has done this in the last three weeks

upload_2017-12-6_19-5-53.webp

is probably not the wildest prediction going.

We are simply asking you to explain to us why you think you will see $20k in January 2018 and $50k by end of 2018 beyond speculative appetite. What is the intrinsic value of the product that will help it keep its value?
 
orly said:
Again, you're turning this into a personal 'people are telling me I'm wrong, look at my money' thing Kev. I certainly wouldn't want you to lose a monstrous amount of real cash to win an internet argument. Let's face it, saying 'the price will go up' on something that has done this in the last two months

View attachment 42673

is probably not the wildest prediction going.

We are simply asking you to explain to us why you think you will see $20k in January 2018 and $50k by end of 2018 beyond speculative appetite. What is the intrinsic value of the product that will help it keep its value?
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its been explained ad infinitum but you don't want to accept those reasons, so for us in this discussion its better to concentrate on the price as thats more clear cut.
 
Kev The Rat said:
its been explained ad infitium but you don't want to accept those reasons, so for us in this discussion its better to concentrate on the price as thats more clear cut.
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Not really, you've said

it seems the market wants the same percentage term gains they had this year, next year.
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but why beyond greed? What is it that has caused this huge increase beyond hype? There haven't yet been major regulatory changes. There hasn't been widespread adoption. There hasn't been a major crash in the traditional markets.

I'd be delighted to have those reasons explained to me.
 
upload_2017-12-6_19-19-21.webp

A quick one-day snapshot here @Kev The Rat

Currently an 11% hike for a single day

The week is currently 12.8k from 9.5k

My simple question to you - beyond the current mania for it - is what has suddenly made this so valuable?
 

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