Post
Topic
Board Speculation
Re: If current growth rate continues, $2000 by Dec 16
by
AceWallen
on 04/12/2013, 22:54:50 UTC
You should read rpietila's posts...

Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.

Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.

Nobody knows.

Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...

75% is a crash and will never happen again unless bitcoin also fails.  There are too many people now to absorb the large dollar swings that whales could manage.  I think > 33% will never happen again.  So far, I've been right.

You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right?  Wait until we get a couple more hedge fund managers that want their fund to look really good.  Pretty soon they'll be buying MORE than the mined coins every day.



LOL @ 75% never again. wait to see how high/fast this rally goes before thinking that. LOL at > 33%. L oh fucking L

so far youve been right? youve been here 1 month and started posting in the middle of current rally

LOL