Can someone explain to me the hype going on in this thread? It seems incredibly unrealistic for BTC to go much above 1k even in the next year! But people are hoping for 4-5k by the end of 2014? Come on!?

This reminds me of the exact same crap that goes on in the penny stock forums. People with money make accounts to pump up the hype on penny stocks, and then when noone suspects it they sell 10MM worth at once and swipe everyone's savings in a heartbeat.

I just don't see how everyone here can realistically be buying into this and not fearing for their cash.

On a second note: This is EXACTLY why I've always said mining is a safer investment. You have a machine that generates BTC and is a liquidable asset in and of itself! If btc crashes from 1000 to 400 tomorrow the miners won't loose much money, but the investors who jumped in at 900 will lose a LOT to the savvy ones to pushed them off that cliff.

Quote from: jogoma12 on November 30, 2013, 05:03:59 AM

Honestly I think bitcoin may crash soon. As soon as th price dips a bit people will start pulling out their money and cause it to lose value quickly but I doubt it'll dip below $200 . I'm just here for the ride :p

Only one of two reasonable posts I've seen in this thread.

Quote from: pand70 on December 04, 2013, 12:07:34 AM

Quote from: azguard on December 02, 2013, 06:27:11 AM

BTC star crashing last night but this morning gone up again seem that 1k is the for now until christmas and new year then it can go higher maybe 1.5k

The price means nothing. 1k means nothing if someone sells 1000btc price will go down 100$. Stop looking at price alone and start checking market depth.

Care to elaborate on the btc market depth?
Selling 1000btc at a time seems all to easy for the large companies. If the market depth is really that freaking shallow that a $1mil sell can cause a $100 swing in value, then btc is scary risky. That means a coordinated effort, (or even one investor with mtgox) could direct the entire market pretty easily.