Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
cAPSLOCK
on 03/04/2014, 07:33:32 UTC

It is entirely possible for Bitcoin's price to hit $100k in 6 months there is absolutely no question about it.

Probable? No. Not yet. And if you want to bet for the outcome, all you need to do is to buy at $420 and pocket 238x gains after 6 months. The probability for this scenario is certainly higher than that, given that Bitcoin already exhibited similar behaviour only 2 bubbles ago. (33% probability for a superbubble right now is too much imo, but I would give 15-20% if asked). In EV terms, wildly profitable anyway.

I am still "mopping up excess liquidity" from bitcoin markets. So if you want to sell at a slight discount to the exchanges, contact me. I have not bought anything, which is a good indication that the selling pressure comes not from the economically informed  Wink

Those puts we talked about are starting to look good again. Wink

I hope you're right about the price.  There are a confluence of unique thresholds around $400...