Bitcoin Forum

Weekly parabolic SAR just went into raging bull mode. We just broke 300$ psychological barrier. We have been in green 6 weeks in a row. I declare this the official start of the 2015 Shit-Hits-the-Fan Bubble. Next stop: Canis Majoris.

http://s21.postimg.org/lrt6i03zb/chart.png

EDIT: A WEEK LATER
http://s13.postimg.org/c3c926c13/chart.png

http://s28.postimg.org/jg8w3ltfh/chart.png

What you think we would see as the top of a bubble from here? The amount of people who have heard of bitcoin is far greater than ever it could create a move like the one from $10 - $266 vs the previous bubble. 

20x$250 im going for a $5000 prediction of a bubble top.

Or not .. we are not  going anywhere most likely , people will just start selling and we will go down . I swear ... till now I see no apparent reason for this 60$ bump in the last previous days (short time)

You must have been living under a rock  ;D

it's most likely due to the bitcoin block halving that is comming closer and closer. people want to buy some coins before the price goes up more.

I too believe this is the main reason for recent price raising. Other than these, tax-free news and new exchange comes into operations are the positive new we can find good support for bitcoin price rally. Hope this bubble goes bigger and bigger.

and why is that ? feel free to explain to me , I just said my opinion , I may be right and I may be wrong , I came here in 2014 so I don't really have much knowledge in the "price" thing area but I say what I see and understand ,



That doesn't make any sense to me because simply the halving block reward isn't happening soon , not soon at all ... It will be in next July so why the hell people will start buying now ?

well i like your opinions but i still to december the 300$ and the rest ok to grow but will see how much

TL;DR: Down we go?

I think we are in for one more nasty correction that will shake out some weak hands first. Maybe down till 270 or even 260.

After that I think raging bull mode may not be far from what is going to happen.

Nice news piling up, let's enjoy this ride!

Volume can't create bubble ...

http://imagizer.imageshack.us/a/img907/27/iGEqFR.png

I think in retrospect it'll be christened the late 2015 pleasant rise.

or the boost of januar month ...  ;)

I need to take my BBS medication before i get TOO excited about this.

As long as the price continues to rise slow and steady I wouldn't call it a bubble just yet. If the price starts shooting up fast like before I would start to worry more.  :)

china officially confirms CCMF !!1!


http://m15.mask9.com/sites/default/files/styles/mg/public/graphics/20150928/140734-9862ba22a56cf16c107399d79463f78cbe9f7cc8-30/event-2015-ccmf-poster.jpg?itok=jgwl7cBS (http://m15.mask9.com/sites/default/files/styles/mg/public/graphics/20150928/140734-9862ba22a56cf16c107399d79463f78cbe9f7cc8-30/event-2015-ccmf-poster.jpg?itok=jgwl7cBS)

Bitcoin need to pass 300$ level to generate strong buy signal.There is more and more news all around btctalk about China accepting btc,maybe ,or justsell to buyers at that level
But there is enough good news even without China to btc price grow

Are you talking about this, by any chance?
http://s28.postimg.org/fkgu3ped9/Capture.png
Because that doesn't sound very nice to me. Different strokes, I suppose...

There is being scared of something and then there is doing what the Russians do lol That is crazy and will look into that. Oh yeah guys here comes the 2015 bubble all over again :)) I'l come back and bump this thread in a couple of weeks.

Block-halving, Euro-approval of the phenomenom Bitcoin ... those facts can trigger enough momentum to permit a new major rise in BTC-price. Also, know that the MtGox-catastrophy is gradually fading from 'public' memory, thus possibly reducing distrust in cryptocurrencies.

I do not think there will be a bubble in 2015. The price may go to $350, but not much higher. There is no catalyst for price rise extremely.

I will join the program and the bullish sentiment for this month
Let's see how far it can go  :D

Calling a plateau @~$300. I don't think this is a bubble and I am quite sure we won't see one before 2016.

Yes, I think that we need to hold our horses still a bit here. Announcing new bubble is still a bit to early. I would be very happy, if we would approach $400 and end up a year in this range.

This would be a great success, a sign of a complete recovery and something to build upon in the next, very important, halving year.

If this is a bubble then this must be a very slow one :). Looks to me more like some "organic growth" after a couple of good news.

I also think it is an organic growth this time. The price rise is fed by general adoption of bitcoin and constant good news flow.

when exactly does a bubble begin? it's definitely not when a new ATH is claimed. with this topic I tried to capture the beginning of this bubble as early as possible. it makes totally sense that the growth right now is barely parabolic. give it a couple of more weeks and this topic will become more obviously relevant.

Sharing the same sentiment as you have. I believe that with the mix of different good news around bitcoin, the bubble won't go noticed just yet. Another week of green would really mean something everyone seems to be waiting. :v

Because if you wait till july you'll be too late.

This might be the last chance to buy below $300, it might no be, who knows? Most people will take their chances, the odds of it dropping below $300 are decreasing with each day, and even if it does, it might only be by $10 or so. Not worth the risk.

It may be $400 by tomorrow, who knows?

For a new ATH, it will probably be late next year. A bubble will burst. A new bull market is my favourite. We need a very long bull market.

Parabolic rise has officially begun.

http://s23.postimg.org/x80gvddvf/chart.png

Hyena, its a very early call but I have similar feelings in my guts. there will be a few shakeouts on the way however. The bull will try to shake people off.

Yes it is early, I agree. And that's why this thread has value. When it has become obvious that we are having the new ATH anyone could make such a thread and it would not be so fun any more :D

you must be new here

(2444 CNY = $385 in china right now, no signs of slowing down)

Exactly. BTC is crazy, it's just its nature :D

TOLD YA

502$ was reached in Stamp just minutes ago.

666$ next target.

$102 in just 24 hours is crazy!!

I wanna know what youre frist thought was when you saw $500.-

IMO we're going to $1000.-+

Need the help of someone to close my largely opened mouth  ;)
That was just fantastic, i wasn't here on November 2013 but I could finally have the same feeling that every early bitcoiner had that time.
To the moon mars bitcoin

My thought was the same, but my fear is that we go back to $300.

I actually expect the same thing. A temporary setback. There is always a correction after such a humongous surge. I sold 0.5 btc at stamp (495$ per coin) and placed buy orders at 320, 350, 370 and 390. so now, whatever happens, I feel as if I have gained something out of this. :D

Props to op. Called it. Front page CNN/NYtimes/Wall Street Journal incoming. General public FOMO incoming. Four digits incoming.

Resistance coming up, will it spike here or push through to top half of that channel ?

https://www.tradingview.com/x/IpeymCVG/

My call for resistance approaching was spot on!  8)

Now I'm guessing likely scenario is bitcoin might go into mini bearish phase but stay above the $320 level.
With halving coming ever closer, before long it will be back to insane bull mode though. Good chance to buy in might come up for those that missed the first leg.

we're probably going to retest that resistance line in a couple of days. and we will break through.

Hyena for the win!  I think I concur sir. 

Looking at the 4 year chart, any time Bitcoin ever started to go parabolic after a complete bull & bear cycle, there was never a time it didn't go into full-retard rally mode.  If it doesn't continue an uptrend from here (minus the occasional pullback) then it will be a first

http://bitcoincharts.com/charts/chart.png?width=940.181818&m=bitstampUSD&SubmitButton=Draw&r=1460&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=1&p=0&

Well we've had a lot of "first time" events recently. For example:

1. First time bitcoin has ever been lower after two years.
2. First time bitcoin has ever gone lower than previous bubble's top (266).

All patterns will be broken, IMO. But I hope you're right.

I'll give you the Number 1. I wonder if all the FBI coins contributed to that (and subsequently Number 2).  They were reselling coins to market participants (bidders) who would have otherwise had to have bought from other willing market sellers (Silk Road was not likely to be selling all of those coins). This artificially increased sell pressure might have prevented important resistance lines from being broken earlier thereby affecting market sentiment.  Just a theory, but it stands to reason that the lower the FBI's stack gets, the more the market senses that this artificial increase in selling is going to be diminishing, allowing natural market forces to take shape.

As for Number 2, It didn't go that far below the previous ATH and it didn't stay there for all that long.  Observing the same chart, we can see that the $200 level appears to have been a fair zone of support throughout the cycle, minus some flash crashes

this is what im seeing

http://i.snag.gy/xIRAF.jpg

That fractal movement is certainly possible.  Either way, it's going to be trending up from here on out.  I can't see another dive into bearish territory at this point

FTFY

For the moment the trend is not changing. Down and down (and it's morning in East Asia).

If this is true, and there's a good chance it is, than the next halving might produce even weirder results in the future.

Consider this, the halving will be relatively soon after the most bearish year, which, let's assume was at least partly caused by a higher than usual supply of Bitcoin (mostly through seized coins). But next year we will not only no longer have auctions, but also have the halving, so we will see much less sell pressure next year (especially towards the end).

Why is this significant?

1) people will finally realize just how limited the amount of Bitcoin are, which will increase not only the real price, but also the perceived value. (Scarcity will finally kick in) no more retarded "you will need at least 2000 bitcoins to retire comfortably in the next 20 years" posts.  

2) because next years reduced supply will be partly because of the halving, people might incorrectly assume every halving will have such a drastic effect on the bitcoin price, which means that in future halving before the halving even happens the price will overshoot by a large factor, in anticipation of even more scarcity (based on previous experience with how wild halving can become).

so while the extra coins the past years might have brought us the biggest bear market in history, in the next 4 years it might have an extremely bullish side effect.

Unless we bounce hard and resume climbing in the next 36 hours, then the bubble is likely canceled.

I definitely agree that it needs to resume the trend soon.  I'd preferably like to see it get back above $400 by early next week.

yep. hopefully it continues, although unlikely since everyone is so conditioned to the bear market and extra sell happy.

Bitcoin Primed

https://www.tradingview.com/x/QpL0YdSq/

I've shared this idea on my blog and TradingView thought I might as well add it to the official bubble thread too.

I feel my bullish ideas provide a contrary opinion to the many bearish ideas expressed on Trading View currently.

In log price chart there is a well defined bull channel, shown in green which goes back to 2012 (and possibly earlier if MtGox data were available). Recent spike up to $500 ended exactly on midpoint of the uptrending channel (supporting the validity for the trendlines). Other evidence for these trendlines is provided by the upper trendline of the channel which supported bitcoin multiple times while it was in bubble territory before finally giving way as the price went on to reach its post bubble low.

The recent spike is reminicent of ‘mini’ bubble in bitcoin in 2012 before the huge bull moves began.

In the short term if horizontal resistance at $320 doesn’t hold then price should find solid support at around $270 ish which will be a great place to go long if it gets that low, with sell stop under the channel.

With bitcoin already very depressed after the collapse of the last bubble there is plenty of room on the upside. Bitcoin can get past previous all time highs while still in the channel, before even getting into crazy bubble territory.

For fun I’ve shown possible path price might take as the halving mania and price pump begins to take hold using some black arrows.