Bitcoin Forum

Had a read of this:
http://www.finance-guy.net/finblog/bitcoin-storm-brewing

Bitcoin looks similar to how it was back in late 2013 :)  Similar price and volatility... that was right before the big jump over $1,100

are we ready for the next big jump?  How high do you think we'll go on this one?

I dont expect anything anymore, fact is that the biggest investors have pulled out and new blood is scarce, we'll see :)

If we stay over $240 for another week then I would be very satisfied that the bear market is over and that the price should slowly move in the upward direction from here.

stop waiting for bitcoin to take off. these times are over. be happy with a slower but stable year on year growth instead of a temporarily peak. we're done with that.

the article is purely speculative if you ask me.. not that I will complain if it comes true and the price really jumped to 500$ or above.  :P who doesn't want BTC to prosper?
..
...
....
.....

oh yeah, fudsters.

Yeah i agree with the comparison, but the jump could take a long time.  The longest we will have to wait is end of next year though no way the block halving has no impact.

Despite all these speculations I am happy for bitcoin to remain stable, but a fall is what disheartens me. Hopefully if not a big jump, but a stable month is what we see, it would be the best month for bitcoin.

Demand is definitely coming through for bitcoin. It can take weeks or months until we get there for $1000
Refer :https://www.tradingview.com/chart.
It gives the graph of bitcoins demand. ;D

Do you really think so Elwar? I hope you're right, I'm getting sick & tired of the relentless bear market, price manipulation & low prices. I got into BTC about 18 months ago, certified HODLER here, I'd like to see the price rise now. Even 400 USD would feel like a success now. BTC should not be lingering around the mid 200's.

We need some good news to give the price a really good pump, maybe Gemini can provide us with what we need in the coming months.

Is this the year of bitcoin? I remember when the Linux desktop (see the year of the Linux desktop) was being pushed as the next best thing, for several years. Bitcoin will definitely gain mass adoption, but I'm cautiously optimistic.

As much as I would love to see Bitcoin price spike the way it did in 2013, I think it's highly unlikely that it will actually happen. The 2013 spike was the result of a number of random factors coming together at the right time. Bitcoin newness, uncertainty, dreams of untold riches, hype, much smaller Bitcoin circle/ecosystem etc. The Bitcoin and non-Bitcoin crowds are much too aware now. Also one of the side effects of having a much larger number of Bitcoin users now compared to 2013 is stability, the more people a system acquires, the more stable it becomes, this happens naturally. If you have a look at altcoin history, you'll find a similar trend, price fluctuation for new altcoins is nowhere as wide as it was early 2013. You no longer find coins jumping from a few cents to $5-$10 or more because people are more alert and wiser now. This results in much smaller spikes. I'm not saying that a massive spike is impossible, just that it is unlikely.

If you look back over the past 6 months I'd call the under $200 dip as the bottom. We came back from that and eventually stabilized in the $220 range. Then an unusually long (for bitcoin) stability in the $230 range. Some stability in the $240 range creates a terrific upward pattern.

Just when I thought the previous price spike was due to a small Willy bot doing it's thing on a certain exchange.
I would not be willing to bet my earthly possessions on this, that it would be going any way near to $1000 again.
My guess is, it will go up to +/- $400 if everything goes well, and it will stay there for the next year. <pure speculation>

mm, looks interesting, but to tell you the truth i didnt expect that it will happend again, at least not soon.

what i like now is the stability, for me thats the trully great news, but as i say, soon or later price will grow up like hell, but not now, i think ;)

still a bit of scepticism, but if we can continue to move up even at snail rate, it would only mean that the chances that we are still in a downtrend market, are reducing

i hope we don't skyrocket like the last time, it is better to achieve great result slowly, but not too much

I think BTC gone take off its flight next year, and it will reach 600-700$ like it was in 2014. After waiting a lot from 2010 to 2013 it reaches to 1100$ and now i think its the same as we are back to 2010 and next year will be the same as the 2013. and the price will be at more than 600$

BTCitcoin is stable at current floor with solid progress to upwards and i think the next boost in price can happen any time, now it is necessary because it has more wide adoption around the globe if make compare with 2013, merchants list also growing day by day and many big investors already dive in it so now BTCitcoin has more solid reason to make new price floor over 1k.

It is hard to tell if bitcoin will reach similar price like in late 2013. I think we don't have any potential now. After great bitcoin news like: experimenting with blockchain potential use for financial institutions and new Canada's pro bitcoin law, I don't see any price rise so I don't believe in $1000 BTC - I think we need to wait for the next halving to find out.

Maybe it will be like a mini rally in summer followed by a mega rally in November, just like in 2013 :) I'm in for that, especially if litecoin and namecoin follow suit again :p

I personally believe Bitcoin is ready to enter a bull market. I still want to read what arguments this article has to offer. I am very disappointed.  :-\

Writer thinks "a storm is brewing" because Bitcoin has low volatility similar to late 2012 before the massive rally and then states Bitcoin is ready to make a huge move, but "not sure if this will be up or down"? He didn't commit to a direction, magnitude or time frame. Basically, he pointed out the obvious and deduced nothing.

It doesn't matter. I would prefer price to stay the same and maintained that way. Have you noticed that price has stayed relatively stable for the past few months? That shows that volatility has finally settled down to allow business adoption. That's the level of confidence that we need moving ahead, not just some overnight jump and then goes back to square one when the dust finally settles down.

News don't mean insta pump. It's when lots of good news stack up overtime, where a pump happens out of a sudden, because people realize they've been ignoring the obvious, so they want to get in all at once.

So you quote him. (－‸ლ)

Probably more than what we expected. It still have potential for increasing because their market still vibrant. Just need more time before this can happen.
If we look back before 2013, we can't expected if bitcoin can increase into $ 1000. And for now we are now in same line but in different time

Yeah, perfect article if the writer is only 16 years old. 

We've been seeing threads like this and articles like that for the past few months. What else is new?

i'm not to wait bitcoin get big jump, what i want bitcoin grow up and i think price stable is nice

I like the slow rise, which will happen after more adoption.

For bitcoin to have more massive adoption it needs another hype, not the other way around. If there was no pump and ath of 1200$, you wouldnt have 30% of what you have now in terms of
adoption. If this Grexit thing cooks things up, it could start a massive amount of spaculator investments, and then you can have your adoption.

Why do u think people would want to spread their business on something that doesnt have demand or popularity? They wouldn't. So for adoption to grow, there must first be more people interested in it.

cheers

i personally like bitcoin price moved in the past few months. it is a steady overall growth starting from under $200 which can be considered the lowest price and worked its way up to this level at $450.
a sudden (huge) rise in price means an upcoming fall afterwards, but the steady growth will be more stable than a jump.

i can feel the pressure building up  towards the halving  ,  we shall see if bitcoin bukkake happens when the halving  cums .

well i guess we could live with bitcoin as it is right now, it is not that bad as it was at the beginning, if nothing will happen and bitcoin remain niche then i'm sure bitcoin will find its spot, anyway

I'd sure like BTC here in the near future jump up at the same % as LTC recently did.....then it could play its 'SIDEWAYS PRICE GAMES'

for another few months and I would be content (hey it can go up in a staircase type manner ... I'm not proud) :)

but this current price 'dead calm sideways stuff' is getting on my last nerve! ( I mean come on already...go up!)

crap probably 'jinx'd it'

I'm sure it will climb to 300$ soon.

looks like there is enough buy resistance that the price has nowhere to go but up.

i wonder how much?

damn I believe you!

(like the young girl with 'round heels' that picks up sailors from the docks....'sure baby I'll be back don't worry') :)


waving hankie at the dock hoping my 'BTC ship will come in....so to speak

(damn that BTC kool aid I drank in 2013 was powerful stuff) :)
 

No I don't think we share a similar thinking on this matter. the 2013 shoot was due to a number of uncertain factors which I don't really see this year. the growth has been very steady and constant, which makes me out of all very happy. It kinda assures that though there will not be a sudden rise in the prices of the bitcoin, there won't be any drop either, that is, we are looking at a constant growth in the rates in the coming future. This week has been great and I hope the trend continues.

let us not be greedy and think about it again. do we really want the same situation/ fluctuations as 2013? I don't think so. the current market is so smooth and steady that i don't wish for anything else but this assured growth in the bitcoin prices rather than heart failing fluctuations. this is satisfactory in my opinion. also, i dont think 2013 will repeat itself, even with greece becoming bankrupt.

If there were 7 Billion Bitcoins, I'd say you might be right.  But there's only gonna be 21 Million of these suckers, and nations are still unsure on how to deal with it.  Trust me when I say that the party is just beginning

The total number of bitcoin is irrelevant. bitcoin is dividable.

I like slow rise, 25% (or a rate corresponding to adoption) a year is fine with me.

I also prefer a stable growth. If we can manage a growth of let's say $10 per month, I will be a very happy person. Peaks are nice for those who are short term trading, but as always, they don't last.