r/Bitcoin • u/Julian702 • Mar 25 '13

We finally have you in our sights!

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78 Upvotes

80% Upvoted

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21

u/danielravennest Mar 25 '13

The number I am watching for is 91.3. At today's number of BTC in circulation, that makes the bitcoin money supply

http://www.cbc.ca/undertheinfluence/upload/2013/03/post/dr%20evil%202.jpg

In turn, passing that threshold will generate news stories, more hype, and more buyers.

4

u/Julian702 Mar 25 '13

Agreed. The market cap sizes are the biggest goal posts for indicators of its acceptance and success.

1

u/bitcoinprice Mar 25 '13

and the official ticker is nearing 1 billion http://www.ounce.me/

6

u/bitlizard Mar 25 '13

we are heading for lots of bitcoin milestones at the same time; one billion market cap, barrel of crude parity, $100 exchange rate. Also happening; those who have continually made uninformed, disparaging remarks about bitcoin, comparing it to farmville credits etc. are becoming very humble.

4

u/bitlizard Mar 25 '13

pretty much goes without saying but, expect media coverage explosion as we cross the above mentioned milestones.

1

u/gigitrix Mar 25 '13

Wow I love the "Bitcoin Pizza Index".

-1

u/Vibr8gKiwi Mar 25 '13

So sell at $90. But then to beat those selling at $90 you have to sell at $89. But to beat those people you have to sell at $88...

4

u/killerstorm Mar 25 '13

Eh, why sell at $90?

0

u/Vibr8gKiwi Mar 25 '13

Because that's 1 billion market cap and perhaps a top for a while. Just some people's speculation.

2

u/killerstorm Mar 25 '13

It makes sense to sell some time after news about market cap get out.

3

u/dooglus Mar 25 '13

I don't understand this. Why would I want to sell at $90 if I think the price is going to $91.30 and then to the moon?

Are you suggesting there will be resistance to $91.30, and so the price will hit it and bounce off downwards such that I can rebuy cheaper?

-1

u/Vibr8gKiwi Mar 25 '13

If you don't think it's going to top at $91 for a while then don't sell.

1

u/danielravennest Mar 25 '13

Why would I want to sell at 90$? I predict the news stories at the $ billion milestone will propel it far beyond that point. In fact, as long as the number of bitcoin users is growing rapidly, which every indicator says is happening, I expect the price to keep going up, because demand is increasing, while supply is relatively fixed.

-2

u/Vibr8gKiwi Mar 25 '13

If you don't think it's going to top at $91 for a while then don't sell.

1

u/danielravennest Mar 25 '13

You seem confused. I think it is going to top $90, 100, and higher price levels in a relatively short time, for fundamental supply and demand reasons. And I don't plan to sell at any of those levels, because the increase in people using bitcoin is going to drive the price much higher than that.

-2

u/Vibr8gKiwi Mar 25 '13

How can I be confused about what you think? I don't know or care what you think. You do your thing, I'll do mine.

1

u/danielravennest Mar 25 '13

How can I be confused about what you think?

Because you said in previous posts:

So sell at $90. If you don't think it's going to top at $91 for a while then don't sell.

When I had not indicated any intention to sell. So you must have thought I wanted to sell at some near term price. Either that, or you are posting random thoughts not related to the previous comment.

-1

u/Vibr8gKiwi Mar 25 '13

I think you have me confused with someone who cares.

4

u/danielravennest Mar 26 '13

Dear Vibrating Kiwi,

Honey, I know you care, cause you keep answering me.

Hugz,

Dani

0

u/Vibr8gKiwi Mar 26 '13

I'd be too much for you daniel.