Title: The Great Bitcoin Rally of 2016 Post by: elux on April 23, 2016, 11:09:26 PM It has begun. Title: Re: The Great Bitcoin Rally of 2016 Post by: 600watt on April 23, 2016, 11:18:44 PM Title: Re: The Great Bitcoin Rally of 2016 Post by: ssmc2 on April 23, 2016, 11:19:11 PM Woot
Title: Re: The Great Bitcoin Rally of 2016 Post by: gentlemand on April 23, 2016, 11:20:38 PM I'm not convinced it's totally in the bag but perhaps I've been traumatised by the last few years. Any rise of any nature is welcome with me.
Title: Re: The Great Bitcoin Rally of 2016 Post by: maokoto on April 23, 2016, 11:51:48 PM I think we cannot really know if this is it or not. Could be. People is expecting it and sometimes the expectations make people buy and produce what they are expecting. Lol.
Title: Re: The Great Bitcoin Rally of 2016 Post by: Fakhoury on April 24, 2016, 12:33:57 AM Title: Re: The Great Bitcoin Rally of 2016 Post by: pooya87 on April 24, 2016, 04:56:44 AM I think we cannot really know if this is it or not. Could be. People is expecting it and sometimes the expectations make people buy and produce what they are expecting. Lol. it is happening anyways, it is slow rise but it is happening without a doubt. and i think the reason of the slow rise unlike last time is that it is a much bigger market now, there are a lot more investors that will slow the rise down and also there is no gox bot to fake anything, it is all real. Title: Re: The Great Bitcoin Rally of 2016 Post by: Denker on April 24, 2016, 08:20:16 AM I don't know if this is already the rally everyone hopes to see this year.
But we are moving up and this is a good sign. I also believe if we should rally this year it will be after the halving. I expect a delay of halving's effect. Title: Re: The Great Bitcoin Rally of 2016 Post by: BitHodler on April 24, 2016, 08:50:40 AM If it is indeed a start, then it means we have much more ground to gain and make good profits if you have enough patience to keep holding.
I just wonder if we will be able to reach $500 next month. I think yes. Title: Re: The Great Bitcoin Rally of 2016 Post by: bajing on April 24, 2016, 09:24:26 AM If it is indeed a start, then it means we have much more ground to gain and make good profits if you have enough patience to keep holding. Rally has begun like OP has said, so for touch $500 it is possible achieved by the end of this monthI just wonder if we will be able to reach $500 next month. I think yes. Title: Re: The Great Bitcoin Rally of 2016 Post by: Ted E. Bare on April 24, 2016, 09:47:42 AM This is it! Block reward halving hype.
Title: Re: The Great Bitcoin Rally of 2016 Post by: d5000 on April 24, 2016, 09:58:41 AM I think there will be, at least, an uptrend for some weeks. Too many fundamentals looking good for a pump: halving gets nearer every day (and there are expectations, so there will also be buys), but for me it's more important that it seems that consensus is emerging that Segwit is the solution for the scalability issue. For now.
My guess is that the price will surpass 500 this time. It may stop between 600 and 800. Maybe even higher, but I don't expect a new ATH. Title: Re: The Great Bitcoin Rally of 2016 Post by: vrzo on April 24, 2016, 10:14:52 AM The price rise on small volume is a good sign (for buyers). The opposite is also true - a big drop on heavy volume.
Title: Re: The Great Bitcoin Rally of 2016 Post by: Wolf Rainer on April 24, 2016, 10:17:36 AM Please bitcoin, wait for me!
Title: Re: The Great Bitcoin Rally of 2016 Post by: 1Referee on April 24, 2016, 11:00:32 AM It has already started back in 2015 but at some point it slowed down and caused the price to become quite stable. Right now it's just continuing where it stopped some time ago.
Title: Re: The Great Bitcoin Rally of 2016 Post by: LFC_Bitcoin on April 24, 2016, 11:03:31 AM Let's take what is ours gentlemen & rise towards new high's :D
https://media3.giphy.com/media/l41lTUNOhjFUzrpv2/giphy.gif Title: Re: The Great Bitcoin Rally of 2016 Post by: iram66680 on April 24, 2016, 12:02:26 PM In what way is this time different from the last rally?
Title: Re: The Great Bitcoin Rally of 2016 Post by: BitconAssociation on April 24, 2016, 12:06:05 PM Bitcoin (BTC) $452.24 1.14 % :o
brb, poison. muh Google -5.32% :'( Title: Re: The Great Bitcoin Rally of 2016 Post by: btcxyzzz on April 24, 2016, 12:16:24 PM Great Bitcoin Rally to the downside, yes.
Title: Re: The Great Bitcoin Rally of 2016 Post by: Red-Apple on April 24, 2016, 02:02:40 PM In what way is this time different from the last rally? in a thousand different ways :D - last time bitcoin did not have this many users as it has today - there are a lot more businesses and services accepting bitcoin today - there are a lot more businesses and services planning on accepting bitcoin in the future (like steam) - there is no mt.gox bot to fake the rise and bitcoin price has been growing normally with slow rise. -..... Great Bitcoin Rally to the downside, yes. contact Webster dictionary: going from $420 to $455 is called going downside. :D Title: Re: The Great Bitcoin Rally of 2016 Post by: Nahl on April 24, 2016, 03:15:20 PM day by day the prices has increase since several days ago and the current prices $451 at coindesk and seems yes i do agree with OP the rally has begun and i wish This is not just momentary and till halving bitcoin will reach $600 or above
Title: Re: The Great Bitcoin Rally of 2016 Post by: bitcoin carpenter on April 24, 2016, 03:25:29 PM Coinbase is leading this rally.
Probably the most telling sign that this is new money pumping the price, not just traders manipulating it. Title: Re: The Great Bitcoin Rally of 2016 Post by: bit1 on April 24, 2016, 04:19:59 PM day by day the prices has increase since several days ago and the current prices $451 at coindesk and seems yes i do agree with OP the rally has begun and i wish This is not just momentary and till halving bitcoin will reach $600 or above Really if we watch the price keep in the same levels than Dec 15, However is a good signal especially considering the pressure of the last months over BTC, So the 2016 Rally must be at least begin in $470-$480 or even $500 as minimum for the most demanding, Below that is just heating step. Title: Re: The Great Bitcoin Rally of 2016 Post by: Zosinburg on April 28, 2016, 05:52:25 PM The rally has not started. It is still in the consolidation stage. The rose to $470 and dropped to $440 again.
Title: Re: The Great Bitcoin Rally of 2016 Post by: richardsNY on April 28, 2016, 06:05:28 PM Coinbase is leading this rally. Probably the most telling sign that this is new money pumping the price, not just traders manipulating it. I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market. Title: Re: The Great Bitcoin Rally of 2016 Post by: chesthing on April 28, 2016, 06:17:03 PM Coinbase is leading this rally. Probably the most telling sign that this is new money pumping the price, not just traders manipulating it. I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market. Title: Re: The Great Bitcoin Rally of 2016 Post by: richardsNY on April 28, 2016, 06:33:35 PM Coinbase is leading this rally. Probably the most telling sign that this is new money pumping the price, not just traders manipulating it. I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market. I mostly don't look at Coinbase at all, but I will do it from now on. I like the fact that exchanges where people don't expect much from when it comes to leading a price increase, are now surprising people. And the best thing of all is that China wasn't the one leading this time. They were several Dollars behind all the time. I want growth to come from several places around the world and not only from China. And that has happened this time. Title: Re: The Great Bitcoin Rally of 2016 Post by: Washika on May 12, 2016, 07:38:23 PM In the last halving, the rally happned 10 months after the halving. So the rally could happen in 2017.
Title: Re: The Great Bitcoin Rally of 2016 Post by: uki on May 12, 2016, 09:30:40 PM In the last halving, the rally happned 10 months after the halving. So the rally could happen in 2017. How come something happening 10 months later can be linked with the price action?Bitcoin has overall merely 7 years of history, that is 84 months. 10 months is a very long time for Bitcoin. That way we can claim almost anything, also that bear market that lasted 18 months (2014-15) is a consequence of halving. Why not?! Title: Re: The Great Bitcoin Rally of 2016 Post by: Pesovanid on May 20, 2016, 06:41:55 PM So far, there is no great rally. The price is trading within a tight range. The whales are still accumulating.
Title: Re: The Great Bitcoin Rally of 2016 Post by: Zosinburg on May 26, 2016, 10:59:30 AM So far, there is no great rally. The price is trading within a tight range. The whales are still accumulating. When the big whales accumulate enough, they will push the price higher and make great profit from it. Title: Re: The Great Bitcoin Rally of 2016 Post by: Superways on May 26, 2016, 11:33:15 AM Currently it is not the rally, but the price is ging up and down with a slow speed, and we can notice that within two weeks the price go down to $440 and then start to rise up to $465, (a great benefit for the traders and can earn a big amount as the rise and fall are confirmed), but we hope that the stage of fall will stop sooner and it will start to rise and rise.
Title: Re: The Great Bitcoin Rally of 2016 Post by: 600watt on May 27, 2016, 01:24:20 PM this time it is differentTM
Title: Re: The Great Bitcoin Rally of 2016 Post by: spazzdla on May 27, 2016, 01:30:01 PM this time it is differentTM Dat ascending triangle though mang. Title: Re: The Great Bitcoin Rally of 2016 Post by: elux on May 28, 2016, 05:51:10 PM Title: Re: The Great Bitcoin Rally of 2016 Post by: bit1 on May 28, 2016, 11:58:46 PM In the last halving, the rally happned 10 months after the halving. So the rally could happen in 2017. Yes, However is always the possibility of things are different, ie occurs first. Title: Re: The Great Bitcoin Rally of 2016 Post by: zimmah on May 29, 2016, 01:53:02 AM In the last halving, the rally happned 10 months after the halving. So the rally could happen in 2017. Yes, However is always the possibility of things are different, ie occurs first. I expect a rally right now, and a second rally somewhere in 2017 (probably Q1 2017) if it turns out as predicted, $50000 by march 2017 would be plausible. Title: Re: The Great Bitcoin Rally of 2016 Post by: gentlemand on May 29, 2016, 02:33:10 AM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. Title: Re: The Great Bitcoin Rally of 2016 Post by: zimmah on May 29, 2016, 04:53:29 AM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. seems the chinese know pretty damn well about bitcoin they have $30 trillion to throw at it. They don't even need 1% of that. Bitcoin can't stay this cheap forever, there just isn't enough bitcoin for all of us to own 100 bitcoins. something has to give. Either adoption crawls to a stop or the price goes through the roof (and with through the roof i mean $100,000+) It's one or the other, there's no other way. So which do you think it will be? Signs are hinting at adoption continuing and therefore in my opinion the most likely outcome is that we will see 4 or 5 digits pretty soon. Title: Re: The Great Bitcoin Rally of 2016 Post by: angaper on May 29, 2016, 05:05:37 AM 50k! It is incredible the great enthusiasm that a little rally (only 10% of its previous price) can generate. Tomorrow, when its price returns to $450, this optimism will disappear and everyone will be predicting a drop to $100. ;)
Title: Re: The Great Bitcoin Rally of 2016 Post by: arwin100 on May 29, 2016, 05:16:05 AM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash Title: Re: The Great Bitcoin Rally of 2016 Post by: zimmah on May 29, 2016, 05:47:39 AM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash it will happen. huge rallies cause the price to overshoot and then a large correction happens, but it will always end up being higher in the end. what you fail to understand is that bitcoin is LIMITED and therefore the only thing that actually is impossible is for the price to stay this low. assuming bitcoin will be adopted by more users it means the price will have to go up. And not by just $50 either. More like by 100x at least. Even $700~$800 is way too low. Next rally will go to ~$3000 at least, but more likely $5000 If there is one after that (most likely in 2017) expect to see 5 digits (40~50k) it's inevitable. Imagine 30 million people (and 30 million people is not a lot on over 7 billion people worthwide) all want to buy 1 bitcoin for $500. We won't have enough bitcoin. So they will have to bid higher and higher. The 'poorer' people will have to live with less than 1 bitcoin. I can not stress this enough: the average amount of bitcoin people will have is less than 0.003 bitcoin so therefore, 1 bitcoin has to be an INSANE amount of money. and $50k is just the start. f you think otherwise, basically you're saying bitcoin will never be used by more than ~10 million people. And that's an even more insane prediction than the ones i am making. Just because you lack logic and mathematical skills doesn't make me delusional. I base my predication on math and logic, you base your predictions on what your 'feelings' tell you is 'right' if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance. and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them. https://i.imgur.com/KGANZKX.png less than 1 month is all it took to go from ~$230 to ~$1200 yes it crashed back to $900 or so, but still, you guys seem to forgot this ever happened and seem to claim it's impossible. well guess what, the impossible already happened 3 times and it's about to happen again. also, red the red part. Title: Re: The Great Bitcoin Rally of 2016 Post by: Herbert2020 on May 29, 2016, 05:59:17 AM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance. and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them. Title: Re: The Great Bitcoin Rally of 2016 Post by: Washika on May 30, 2016, 12:38:55 PM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance. and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them. The price of $1000 could be reached after very big good news. The $5000 is the price for 2020. Title: Re: The Great Bitcoin Rally of 2016 Post by: zimmah on May 30, 2016, 03:13:01 PM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance. and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them. The price of $1000 could be reached after very big good news. The $5000 is the price for 2020. by 2020 we should be at around $100,000 if not more Title: Re: The Great Bitcoin Rally of 2016 Post by: Washika on June 01, 2016, 06:46:28 AM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance. and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them. The price of $1000 could be reached after very big good news. The $5000 is the price for 2020. by 2020 we should be at around $100,000 if not more It depends on the mass adoption. If more than 10 million people use the bitcoin regularly, $100,000 is achievable. Title: Re: The Great Bitcoin Rally of 2016 Post by: asrilani on June 06, 2016, 10:31:09 AM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance. and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them. The price of $1000 could be reached after very big good news. The $5000 is the price for 2020. by 2020 we should be at around $100,000 if not more It depends on the mass adoption. If more than 10 million people use the bitcoin regularly, $100,000 is achievable. I hear that the effect of the network effect is that the price is the square of the number of users. So if the number of users is increased to 10 million, the price is 400 times higher. Title: Re: The Great Bitcoin Rally of 2016 Post by: zimmah on June 06, 2016, 11:59:48 AM if it turns out as predicted, $50000 by march 2017 would be plausible. That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about. Theories and fractals and friends are all well and good but don't play along with the real world. What da f thats to much prediction for you men, bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that, but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance. and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them. The price of $1000 could be reached after very big good news. The $5000 is the price for 2020. by 2020 we should be at around $100,000 if not more It depends on the mass adoption. If more than 10 million people use the bitcoin regularly, $100,000 is achievable. 10 million isn't even remotely close to mass adoption. http://www.socialmediaexaminer.com/images/1111pm-facebook-growth.png Bitcoin is somewhere between 1 and 5 million users right now, so at the very beginning of that chart. If we grow at a rate similar to facebook, we should have 100 million users by 2020. and close to a billion in 2024. Now what do you think that would do to demand, and price? Title: Re: The Great Bitcoin Rally of 2016 Post by: Washika on June 07, 2016, 07:09:52 AM 100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.
Title: Re: The Great Bitcoin Rally of 2016 Post by: Zosinburg on June 10, 2016, 10:04:51 AM 100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then. In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million. Title: Re: The Great Bitcoin Rally of 2016 Post by: asrilani on June 11, 2016, 07:18:59 AM 100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then. In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million. It is possible for the user number to be 50 million in 4 years if there are good main stream media exposure. Title: Re: The Great Bitcoin Rally of 2016 Post by: BTCLovingDude on June 11, 2016, 07:48:12 AM 100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then. In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million. It is possible for the user number to be 50 million in 4 years if there are good main stream media exposure. this will happen soon, and it has already started. especially after the price rise up untill now there will be a lot more attention from people and the media to bitcoin and all of that will bring more investors in. and if there is a big rise then there will be even more attention and media coverage which will bring much more people in. Title: Re: The Great Bitcoin Rally of 2016 Post by: zimmah on June 11, 2016, 01:20:30 PM 100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then. 2500 times higher with just 100 million users? that seems really unlikely, I'm very positive about bitcoin and believe the price will skyrocket at some point, especially once adoption grows, but 2500 times? That's an awful lot. Title: Re: The Great Bitcoin Rally of 2016 Post by: elux on June 12, 2016, 05:33:59 PM Title: Re: The Great Bitcoin Rally of 2016 Post by: bit1 on June 12, 2016, 06:08:38 PM Very close to reach the max. level on marketcap happened on Dec 2013 wich was aprox.13.5B , but still lack the enormous sum of 3B.
Title: Re: The Great Bitcoin Rally of 2016 Post by: Ahab_Hunter_of_BearWhale on June 12, 2016, 08:17:39 PM Coinbase is leading this rally. Probably the most telling sign that this is new money pumping the price, not just traders manipulating it. I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market. Nah, 90%+ of the buying is coming from China. Title: Re: The Great Bitcoin Rally of 2016 Post by: elux on June 12, 2016, 09:45:11 PM Title: Re: The Great Bitcoin Rally of 2016 Post by: 1Referee on June 12, 2016, 09:48:33 PM Coinbase is leading this rally. Probably the most telling sign that this is new money pumping the price, not just traders manipulating it. I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market. Nah, 90%+ of the buying is coming from China. China is leading for sure. Just look at the price there! It's like November 2013 where the price is only going up and up. Every time you think this is the top, the price will demolish that price level and continue to go up. It's insane! Title: Re: The Great Bitcoin Rally of 2016 Post by: Cyaren on June 13, 2016, 12:12:38 AM It has begun. What a prediction, lol. Thinking back I should have taken everyone's advice more seriously and bought all that I could instead of only buying with a portion of my income. Now I'm regretting. But a great rallying happening right now. Go BTC! Title: Re: The Great Bitcoin Rally of 2016 Post by: Cybertron00 on June 13, 2016, 12:31:30 AM I will just watch and see what will happen to bitcoin, if it suddenly comes to a fall ill try to sell before a great fall. After the great fall I will buy then wait for a new rally in price. ;D
Title: Re: The Great Bitcoin Rally of 2016 Post by: TerraFrutis on June 13, 2016, 01:59:59 AM The revolution has begun! Yeehaw. 8)
("The Great Bitcoin Rally of 2016" has a nice ring to it.) Title: Re: The Great Bitcoin Rally of 2016 Post by: hermanhs09 on June 13, 2016, 10:46:23 AM The trend in the monetary world is having a cashless society. For good or bad, bitcoin could play an integral part and we stand to gain massively. Even a sum of 10 bitcoins will be life changing. Yeah definitely. Bitcoin can be the perfect currency in a cashless, virtual society. We need a replacement for chunky people of gold and silver somehow, and the answer lies in Bitcoin in my opinion. The party has just started boys :D Title: Re: The Great Bitcoin Rally of 2016 Post by: Washika on June 13, 2016, 06:25:56 PM The revolution has begun! Yeehaw. 8) ("The Great Bitcoin Rally of 2016" has a nice ring to it.) That is a good rally. But the pace is too fast. If it rises 10% a month, I will not be too worried about the performance. Title: Re: The Great Bitcoin Rally of 2016 Post by: dmwardjr on June 14, 2016, 09:45:54 AM The revolution has begun! Yeehaw. 8) ("The Great Bitcoin Rally of 2016" has a nice ring to it.) Yes, it does. However, I believe 2017 will make 2016 look like playing poker at the kiddy table. Title: Re: The Great Bitcoin Rally of 2016 Post by: Washika on June 16, 2016, 09:12:57 AM The revolution has begun! Yeehaw. 8) ("The Great Bitcoin Rally of 2016" has a nice ring to it.) Yes, it does. However, I believe 2017 will make 2016 look like playing poker at the kiddy table. In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double. Title: Re: The Great Bitcoin Rally of 2016 Post by: dmwardjr on June 16, 2016, 09:17:38 AM The revolution has begun! Yeehaw. 8) ("The Great Bitcoin Rally of 2016" has a nice ring to it.) Yes, it does. However, I believe 2017 will make 2016 look like playing poker at the kiddy table. In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double. I can see your point of view from that perspective. However, I'm taking into account other things going on in our world economy that may create flight from FIAT into crypto. 2016 is only the beginning of a massive pump to last for several years to come. EDIT: I can see $14,000 per BTC by end of 2017 quite easily. [That's being VERY conservative IMO]. FOMO is nothing compared to FOLOF (Fear Of Losing On Fiat). Many will seek to hedge potential losses from their own currency devaluing by purchasing crypto. We could have as many as 100,000,000 Chinese purchase bitcoin by end of 2017. Title: Re: The Great Bitcoin Rally of 2016 Post by: NUFCrichard on June 16, 2016, 10:52:44 AM The revolution has begun! Yeehaw. 8) ("The Great Bitcoin Rally of 2016" has a nice ring to it.) Yes, it does. However, I believe 2017 will make 2016 look like playing poker at the kiddy table. In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double. I can see your point of view from that perspective. However, I'm taking into account other things going on in our world economy that may create flight from FIAT into crypto. 2016 is only the beginning of a massive pump to last for several years to come. EDIT: I can see $14,000 per BTC by end of 2017 quite easily. [That's being VERY conservative IMO]. FOMO is nothing compared to FOLOF (Fear Of Losing On Fiat). Many will seek to hedge potential losses from their own currency devaluing by purchasing crypto. We could have as many as 100,000,000 Chinese purchase bitcoin by end of 2017. I would put a VERY conservative estimate at $200 for the end of 2017. I expect that it will be higher and $14k is not impossible, if unlikely. I get that you will say that if just 5% of the Chinese move just 2% of their money into bitcoin then... but that is very speculative, not conservative Title: Re: The Great Bitcoin Rally of 2016 Post by: zimmah on June 16, 2016, 12:16:25 PM The trend in the monetary world is having a cashless society. For good or bad, bitcoin could play an integral part and we stand to gain massively. Even a sum of 10 bitcoins will be life changing. Of course, otherwise people would hover agree with negative interest rates, but if you just make the option to go cash unavailable than they have no choice but to comply. That's how government and banks keep fucking everybody over, they make changes that appear to be good to steer everyone in a position they don't want to be in, but they never realize it until it's too late. |