Bitcoin Forum

http://i58.tinypic.com/6xsveu.png

Look at this. More than $3000 per BTC in 2016.

better to throw this in the speculation board, i'm holding like a mad child is holding his pacifier

it's a matter of time before we enter the moon phase, guaranteed, everyone know it

So it's the usual stuff ? you took a real chart then you started drawing with paint ? Well that's nice honestly however you should give predictions based on facts and being realistic and not just draw them .
Now speaking about that price , it could happen with the halving block reward , I mean who knows ? I'm not sure about people here but I probably won't be selling at that time because it just don't worth it ... 10k $ is my price.

You can see that both charts are almost the same (blue line). There were 4 already similar waves. The red line shows the 5-th wave.

Right now, there is an oversupply in the market, probably due to someone (Mark Karpeles?) dumping the stolen coins from Mt Gox. It will take months, if not years to clear all these excess coins. And until that happens, there is no chance for an uptick in the prices. The only ray of hope is the block halving, which is still more than 9 months away.

Oh great, a chart drawn in Paint. Could you please give a better explanation on this one?  I don't believe in charts until I see a clear explanation.

As much as I wish you were correct. What most likely will happen is $300 will be the top and it will reverse back down to $200.

Charts have been token from a site, resized and pasted in Photoshop. So, charts are real. If you do not see the trend, it's your choice. I see something.

I am also very optimistic! There is something in this new wave! Especially with the upcoming halving which can't but be in everybody's mind in this way or another. Everybody are beware of the halving, bears and bulls together.

Let's see how we will handle the $300. This can answer many questions in my opinion. If we can shoot past this then everything is possible, even your scenario OP!

I doubt that bro. I believe in bitcoin but by 2016? I don't think so. We hardly reach $500, how can you be so optimistic? :D Plus, there is a lot to happen in the next months, who knows what price bitcoin will reach.

The price goes up $10 and people seem to transform into ultra bullish mode. $3000 probably won't happen within 5 years, let alone in 2016. $500 for 2016 is a better target and definitely more achievable.

$3000 next year?
Man this is more whishful thinking I believe.But I'm fine with it.If it happens I will not complain. :D
I mean yes halving is coming but this would be more than 10x. That is a lot!

http://static.businessinsider.com/image/528a32c36bb3f78721e1ffe1/image.jpg

Now maybe this is what the sample (2013) of the price might look like?


Edit: btw dont forget: 1200 usd bubble was from willybot manipulation and chinese etc, never meant to high mmm  ;)

We can blame willybot forever, but the price rises before were without him.

Percentually, those rises were much bigger than te rise to 1200.

A wave is definitely building and those charts look damn similar (although the second one is twice as wide.)

I'm with you, Sector. Ignore these stupid trolls.

The two chart formations are uncannily similar. I think we are due for the next 10x run.

China, ECB, Gemini, Halving - so many good things happening at once.

well in my opinion this would amntain like 500$ tops next year the fact that europe fixed BTC its not going to be full aceptancy and just buy also some sellrs of 300$ 400$ and would maintain next yeat to 500$ never 3000$

The OP hasn't given any solid reason for his hypothesis. Historical graphs can be interpreted in whatever way we want. You can take a pattern out of 2013, and say that BTC will go up to $3,000 in 2016. Also, you can take out a pattern from early 2014, and claim that it will go down to $30. Your theory is also no different. How did you came to the conclusion that BTC will rise up to $500?

Hmm, I'm not that good at charts and honestly I don't think charts dictates how the market reacts in the future. I mean, it can be handy on studying the market patterns of the past, but of the future? I don't know. Maybe I'm just really that noob at charts.

Crypto users are funny, the rise from $0 is more miraculous and insane than from $200 to $1,200 and it happened without any willy bots. Look, either Bitcoin is something that is going to change the world or not so if you honestly think the best you are hoping for in the next 5 years is a 20-40% profit then you'd do better to dump your coins now and go invest in some pot stocks or other pink sheets. No earth changing technology should hover within this tiny, tiny marketcap for very long so to doubt its capability to rise is to doubt the technology itself.

Don't invest based on charts, invest based on your faith in the asset.

Yes these charts are clearly similar but don't hold your expectations that high.
I mean we expect raise in price but $3000 might be too much.

OP didn't use any random pattern what so ever, he used the pattern between 2 ATH. And it looks like it is following the same pattern now over a much longer period of time.

Don't get too excited, it's not the first time nor the second that the price hits 300, although volume seems bigger this time.

You can look over past movements, what is different now? while its still alive it goes forward and up. When the govs start fighting it for real will be the deciding moment.

Gotta love extrapolation. And loop-the-loops.

Look, I combined both for you! It's about as good as your diagram, no?

https://i.imgur.com/80Fi4bM.png

Amen.

http://alojaimagens.com/images/dqci2tewou6rjvvkdanr.png

 :D

Ahh, I love that xkcd.

By the way, in case anyone else saw, what the hell just happened on Bitstamp? If you were watching the live counter, it went down about $1.50 in 10 cent or so increments in about 20 seconds, before regaining it almost instantly O_o

This is so strange. :)

yea clearly the prices arent going to skyrocket to $3000 but i still think its going to increase fairly high. i expect prices to be around 500 by the end of the year

I'm curious to see what happens if BTC reaches $300. If Bitcoin crosses that line and keeps on trucking towards $350 then we're indeed likely to encounter another significant price-surge.

120 * 10 = 1200
324 * 10 = 3240

Anyway, i don't think it's a stretch to believe the next peak will be near $3000


why not?

It's important to note the coming wave may push this thing way way past $3000.  Do not go thinking that is the top just because.... Once we hit a tipping point he fractal pattern takes a backseat to mass euphoria and we could see tens of thousands or even as ridiculous as hundreds of thousands on this movement.

I think we may have an initial pump through November, then fall down and bottom in March-April, then a larger pump in summer 16

As we get closer to the reward half I think its going to pump up pretty high.

That's the usual wave of any commodity. But bitcoin has break those when it hit $1200. Once it's started marching then there is no reverse trend. Based on the expectation on halving people are believing in bigger bitcoin prices. So, I expect continues wave towards bigger prices.

$40 000 will be too much for this wave. $3240 is not too much.

You know nothing, John Snow :)

If you will take only 1/10 sum of global online money and divide it on the sum of Bitcoins, you will see that it will be more than $100 000 per one BTC.
Bitcoin already has a volume more than $700 for couple of months.


Yes, I think that the growth will be in about 9 months. Not too fast.

Stopped taking the post seriously here. Come on guys. I like some optimism myself but don't get so excited that you start making ludicrous predictions. These predicts of "mass adoption" and Bitcoin "going to the moon" have already happened a million times, we don't need to start bringing in predictions like "mass euphoria" as well.

Sustainable growth. That's what we need. Just like in a real economy.

Because if anything, human beings usually can be trusted to act slowly and rationally in large groups, especially in matters of finance.
 
 ::)

Well let's be honest, sometimes price and hype is the greatest movers of technology and innovation. You think the computer boom of the late 70s/early 1980s would have happened as quickly as it did if everyone and their mother didn't recognize this is the next pioneering landscape to create wealth in? Huge money poured into companies like IBM, Microsoft and Apple quickly and fortunes were literally made overnight. You think the FOMO here is bad, how many people were risking it all to be a part of the next garage-to-silicon valley company then.

The same goes for America in the latter 19th century when we were industrializing at a rapid pace and before you know it society went from largely rural homesteads and decrepit cities after the civil war to skyscrapers, trains, automobiles, the telephone and electrification in just a matter of a few decades.

Fast Growth is a GOOD thing and a healthy indicator of a strong economy. Fast growth means people are producing and money is moving in a healthy velocity. This is why Bitcoin is at a critical point, it's had 7 years to change the financial and technological landscape and it is running out of time. It has to do it now or face growing extinct to be replaced with something better.

Even if it reaches $400, I'll be more than happy as it will be worth to hold the coins but $3000 is just too far to think of and expect it to increase to this extent. Currently, its decreasing and has the ability to reach $200-$180 soon which is a sign to sell the bitcoins but I am still holding them. Also, what's the source of this chart?

The pump won't come until lightning, sidechains, and block size are increased.

There will be a pump without all that. Although there will be a greater one with those implementations.

>The new Bitcoin wave
"So now, less than five years later, you can go up on a steep hill in Las Vegas and look West, and with the right kind of eyes you can almost see the high-water mark—that place where the wave finally broke and rolled back.”-- Hunter S. Thompson

Come on yolalanda, what's fonzie like?

It is interesting to note the price is increasing since 6 weeks but I don't think $500 is achievable in a year. It may be possible in 2018 as in 2016, the price can reach $500 and max $800. Trading in bitcoins has made me aware that the price per year changes by $100 or crashes by $1000 and hence no chart can predict the exact price.
I have never seen any analyst explaining the reason for the rise and fall of the bitcoin price.

There are plenty of them trying to explain it thoroughly, it's just that the bitcoin markets always come up with surprises of its own that makes those explanations look wrong. Also, I think it's very possible for bitcoin to reach $500 in a course of a year, given that the good news would be continuous and not everybody is eager for profits if they see some dollar increases on the price.

I doubt the price will even hit $400 by 2016 ::)

~2 months of a bull market raging now so it's up to you to retract or embolden that statement. We are in flamboyant times with bitcoin so sell what you have when you make a your chump change and let the daddies take over on the way up when you're out. Or hold. Seriously, in this market do not sell any coins. Price goes up when demand is entering and the selling dries up. Hello?

I don't trust any charts as some say that bitcoins will be worth $150 in 2016 while some say that the price will again reach $1500 as it was in 2013. I mainly believe the trend that I have seen since 2014 when it was about $350 and now the price is $290 which means it can again reach $350 - $400 in the coming months and hence now it's the time to hold and not sell the bitcoins.

Where is Willy (mtgox bot)?
We arent on the same place... now nobody can manipulate the market

ALL markets are manipulated. You don't think that huge dump on Walmart 2 weeks back wasn't manipulated?

This might be funny to quote in 2016.

This is great for us, has we see the price is increasing so the new wave is more exciting. But we dont know what is really happen because some are pumping the price then suddenly will dump.. So how they manipulate the price of bitcoin.

Yes. with recent money flow from China, many veterans here doubt that this wave may end up in shorter once the price get pumped to some higher levels. I believe that may be a rumor as we have seen decent volume all over the rally. So expect the good things to happen.

it's happening !!!! right under our eyes

It will be funny if the price will hit $400 already this or next week )))

Might be funny to quote tomorrow.

$500 might be possible in 2018?

BAHAHAHAHAHA

i dont wat to be pessimist.. but..., the dump will be bloody

Actually I meant almost "today".

I doubt the price will even hit $500 tomorrow.for one week 600-700$