Bitcoin Forum

Yep, that's what my TA tells  ;D This month will be slightly more aggressive than NOV/13. Have fun!

I think that this will happen few months after the halving.

Not this time.

https://i.imgur.com/OyJcdYC.png

+ Segwit/LN
(+COIN ETF)?

no i don't think it can happen in one month!

we are already in June and in 30 days i seriously doubt bitcoin can go up $4500

people are going to start panic selling around $800-$1000 and although i am one of those people who thinks bitcoin real value is actually around 5k but i doubt it can happen in less than 2 years.

2011
https://i.imgur.com/8tOJV2e.png

2013
https://i.imgur.com/8UDX57G.png

2016
https://i.imgur.com/N9wDOxZ.png

Nice use of non-zero-scaled axes to make the 2016 chart look more impressive.

That's not my aim. 2016 should look flat...we have long way to go... (I can't use bitcoincharts properly).

What is COIN ETF and that screenshot and how this is related to bitcoin price .
As much as I'd like to see us reaching that price , I found it really hard to believe .

COIN ETF is Winklevoss bitcoin etf. I doubt it will be ready during this month...but you never know. I guess Brexit could hype the price up up UP!
https://www.youtube.com/watch?v=UTMxfAkxfQ0 (https://www.youtube.com/watch?v=UTMxfAkxfQ0)

Youre carried away about this rise and you think it can up to 5000 after 4 weeks ,
Where only at 540  and going up to 5000 in 4 weeks is so impossible .

2011 had pretty fast rise. 2013 had faster... I don't necessarily believe we will hit 5k this month. USD 650-850 is more probable. However, do you think I would have said we will hit 1k  in the 1st NOV/13?

i hope it gets there but also i hope it doesn't get there in one month. and i also think it wouldn't :D

because if bitcoin price rises up to 5K in one month that would mean a bubble, a bubble that will burst and price would fall down again.

i will continue hodling though ;)

What are the supporting news to trigger that much aggressive trading we can expect before the end of this month June.
In 2013 November, most of the traders are keep on buying on the panic of not missing the possible lower prices.
We need either one of them to make any new life time higher price for the bitcoins.

Ok, interesting. How about you post some of these TA indicators or are they too secret? If they really are sensitive, you could redact a little?

I'm curious as to what indicators tell you 5k in 30 days!

You're crazy mang, I like you but you're crazy.   (https://www.youtube.com/watch?v=sFW-yxe13lo)

5k USD is too much to speculate i personally don't think bitcoin can cross all time high level of 1000$ within this year as we may see many dumper in that price range.

Fuck those charts.  This is the chart to look at:

https://i.imgur.com/gGRbAN3.gif

https://i.imgur.com/QQT33J3.png

Totally depends on the nature of the rise. If it's truly volcanic then sellers have just as much FOMO as buyers.

expectations are good, but unfortunately my friend, it is very difficult to bitcoin, but if you say the price will be above $ 600 I might believe it, because the current rise in bitcoin We can not predict

Bitcoin in this month will boost up but not that much, I think it will reach to about $1000 and at halving I think it will start to increase to $1500 and till the end of year it will be around there.

The move will be tricked by TA. After that, somehow, good news keep piling in. I already listed examples.

There is HUGE RED FLASHING PROBLEM and it goes: SCALABILITY!!!!   BITCOIN, if it stays in form like this is DEAD after halving, don't you see it?

Thats still a huge enlightenment for people involved with bitcoin.

This alone I think promotes back where people who never heard of bitcoin get involved before that horrible mt.gox scenario.

But $5k, if we even reach this end of june - its def going to be looked at mainstream fiat daytraders who arent part of it.

My guess we wont hit $5k in june though lol. 

i think it is way to brave to tell that price will rise 10 times in just 2 months, yes there will be bitcoin price halving in july, but halving is not a miracle and price can't rise 10 times randomly

i actually think that price will rise up to 1200$ and only if we will be very lucky with price, it can stay at 800$ only for example, but no way  that it will rise to 5000$

Wrong, and it's obvious why you typed that.  You're trying to hype the scamcoin "IOTA" in your sig except IOTA is nothing but a scam:

IOTA - Permissioned ledger Russian extortion scheme

https://bitcointalk.org/index.php?topic=1414866.0

I would like to see that i'm wrong, but i don't expect more than 700 $ on the end of June. I like your price prediction, but with this x10 increasing on few weeks lots of users will sell its bitcoins.

possibly, but i'd say it could just as easily be in july or august.

either way, it doesn't matter much, soon the price will be 4 digits, and $5000 is a likely price.

don't try to use logic with fools, you'll only tire yourself out.

No the price is not going to be 5K at the end of June that is not possible, we have just passed $500. A price like 5K is not going to happen this year maybe over 2 or 3 years it will be possible.

There were speculations that the bitcoin market price will hit $10k by the end of 2015 but none of them happened.

I have to say I like this post and I hope it happens this year. Anything is possible.

It's going to be a hell of a ride whatever happens.

$5k might be possible only after a few years. We all hope that the bitcoin market price reaches $5k this year but its a unrealistic dream.

I reluctantly agree. $500-$1000 is what I have guestimated for the rest of the year.

Time will tell.

$5k that soon might not be even be desirable. It would indicate tremendous overheating of the whole ecosystem.
For once, if you would want to sell out some, you won't be able to do it fast.
Coinbase, for example, has 50K max (it would be just 10 coins).
If you start doing multiple 50K all of a sudden, I am pretty sure that your account could be frozen before they figure out what is going on.
Too massive (in $$) withdrawals might be problematic.
There is not much to buy with bitcoin directly (without conversion) for that kind of $$ equivalent (maybe Tesla?).
Network would be completely stuffed as well, fees might go up to $1-10 (good for miners) as people would withdraw probably $ billions equivalent.
At 5k total current market cap would be $80 bil, so if even 10% of holders would want to sell, they would need significant buying pressure to be able to do it.
It would still be cool, though  :)

Oh yea man, pass me those bath salts.  When the price went from $100 to $1000, everyone was like, "Oh my god!  This is so undesirable!"

I actually explained why with respect to the timeframe (this mo according to OP).
Yeah, if you are a genius, then you sold at $1000 and re-bought six times more at $160.
Who could do that? I can't.

i agree that it is not desirable but for another reason.
because a sudden rise does not look good for bitcoin and is not good for the adoption either.
reaching 5K in one month means a lot of attention, media and ... for a short time but i am afraid the same thing as before ($1100) will happen after that meaning only fall from 5K down (equivalant to $1100 to $200)
plus bitcoin would look like a pump and dump rather than a currency.


fees will be adjusted again as it was adjusted before with the price.

If we assume that this scenario is going to happen like OP stated then what do you think will after that ? we are going to have a huge price decrease because of panic selling . I personally prefer something stable then something getting high fast to get low faster .

Nope. We will just slide back to around $420 and hang around there for a year more or so.

It actually is surprising me that you don't say the price will fall back to sub $300 prices sooner or later. :D If the price happens to fall back to $420 and stay there for quite a long time, it's totally fine with me. :)

you're talking as if 10 coins is a small amount, it's not.

there's about 100,000 people in the world who even have 10 bitcoin, and after the next halving (in about 5 weeks) only 12.5 new coins will be generated every 10 minutes, IN THE ENTIRE WORLD.

So basically if you divide the newly generated coins that's 0.0002815 satoshi per second per person. That is 739.8 satoshi per month per person.

10 bitcoin is a very large amount.

once people start to realize how big 1 bitcoin is, then they will truly understand how undervalued bitcoin is right now.

Btw fees are based on the amount of bytes you need, not the amount of bitcoin you send.

Of course, 10 btc is a large amount, but people who got onboard early probably have tens of thou of btcs and they held at $1000, but maybe will sell at $5000.
I was talking about the congestion that this sell would cause.
With respect to fees, i also was talking about how large price moves will cause large number of transactions, which would in turn cause high fees because people would be competing for the fast transaction completion. If you sell $10-50K worth of btc, would you really care about transaction being done in 10min as a priority for you vs cost of $1 instead of typical $5-15c.
Additionally, I am not sure how many people actually have 10btc-statistics that I have seen is old and I doubt that it is just 100K.

BTW, here is mostly unrelated, but interesting snippet: You can get bitcoin with your morning newspaper down under.
http://mashable.com/2016/06/02/bitcoin-newsagency-australia/#mY2Vas7m_ZqU