Quote from: proudhon on February 03, 2013, 03:51:53 PM

$50 in 2018's purchasing power.

Quote from: proudhon on March 21, 2013, 11:28:34 AM

Yep, but we're probably at the ATH right now-ish.

Quote from: proudhon on March 18, 2013, 11:42:55 PM

With every price rise single digits become more and more likely, I think. I'm patient.

Quote from: proudhon on March 24, 2013, 07:44:00 PM

I'll give OP a bitcoin if it hits $1000/BTC this year. Will not happen.

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In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish. Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

Quote from: proudhon on April 10, 2013, 11:11:04 AM

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If BTC reaches $10,000 at the current stage of the BTC economy, THAT would be a bubble.....

That would be the end of bitcoin.

Quote from: proudhon on December 17, 2013, 05:30:29 PM

Bitcoin probably won't hit $1000 again because of sources.

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The price of bitcoin is unlikely to ever reach $1,000 again. Also, if it starts irrationally working its way up to near $1,000 there are a lot of people eager to sell and the price will catastrophically collapse again. Bitcoin is in a long term downtrend, though there will be ups and downs as people are slow to realize this confirmed fact.

Quote from: proudhon on July 08, 2016, 02:39:43 PM

I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study.

The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below:

http://i.imgur.com/cQ8G7MN.jpg
http://i.imgur.com/ZRJofhv.png
http://i.imgur.com/NveJpUE.jpg
http://i.imgur.com/VjgnSlu.jpg
http://i.imgur.com/HsUhGNe.jpg
http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html
https://www.cbr.ru/ckki/

Quote from: proudhon on June 12, 2017, 02:56:49 PM

Exactly! That is the problem. I've been around for a while so you can trust me. I remember in early April 2011, when bitcoin was trading at ~$0.80 and in a matter of a few hours hit ~$0.60! I knew that was the beginning of the end for bitcoin, and its proved correct as we've sustained a long term bubble-pop down trend (you have to ignore the recent highs which are imaginary and will regress to the downtrend mean). I'm glad you can see things clearly as I do, and hope you've managed to escape the catastrophic bitcoin downward spiral. Good luck!

Quote from: proudhon on May 21, 2017, 03:59:53 PM

Of course this is a bubble. Just look at the data. We'll likely see sub $1000 before the year is out, which will signal the final long term bear trend to near zero.

Quote from: proudhon on December 22, 2017, 04:47:49 PM

I'm being serious. This drop is different. The number of people involved is enormous (e.g. cryptomoms). Bitcoin (and ultimately all cryptos) will not recover from this one. Too many people will be burned here for the market to sustain itself. We're finally (finally!) at the beginning of the end. I've confirmed this with multiple sources.

Just reviewing my contrarian indicator...all is well.