Bitcoin Forum

When btc went from 120 to 1200. In Sep'2013, btc was $120, by late November it was $1200. All thanks to China. The bubble then was unbelievable. I'm starting to get the same feeling again. Go, China, go!

I'm feeling exactly the same way. I was kind of a bystander back in 2013, just watching the price go up and up and up. This does feel exactly like that, and we know how it ended then.  And the worst thing you can say in any market is that "This time it's different."

So I'm not buying or selling right now, just watching.

This time it's different!

Had to say it. 😂

Why?

If we break $800 I see no stop until $1200 at least.

4k would not be hard, then

No Willybot! This is the real thing.

Maybe we're surrounded by super willies? Not that I really care all that much. Original Willy was fun while it lasted.

I am also pretty sure that we will see a new ATH very soon. Count on me.

A bit of pause as some cash out for short term profit taking. Will we see $700 soon?

Parabolic market action like this can only end one way.

Really should know better by now, cos there has not been one single Bitcoin primary move, that has not ended with a great big fkn pop, up, or down.....

....but to be fair to myself, I always did believe in this...I just wanted to see a correction before I took a further position.....correction never quite materialised.

It has already reached $700 in China so it is coming to be the same plot as in 2013 when it surged up and past $1000 price in no time.
So buckle up, I think this is the real thing.
Get those flying rocket ship too the moon pics ready guys. :D

Who needs Willies while we have super sized Chinese exchanges with huge stakes in the mining industry. They will drive the price up to benefit their mining operations. :)

You do of course realise, that all the money that they plough into ramping Bitcoin, they will get back, with lots and lots more besides?

Of course. But at this point people stare themselves blind on the increasing price. Everything else doesn't matter. The question is..... When will this forming bubble pop? My guess is shortly after the block halving.

I wouldnt dare put a price or a time on it.

But obviously, if u aint already long, then getting long here is extremely dangerous.

The big players who have pumped this market will have their targets for sure, at which point they stop pumping, and let Joe Public have as much fucking Bitcoin as his greedy little face can swallow.

It is never different. It is always the same. $64K question is, how high 'they' think they can pump this.


Heading into TYKZ now...and then a couple of hours after that, Shanghai starts trading......I would have though that there is gonna have to be some investment funds sitting on a Bitcoin position who are gonna pounce on this.....this is probably why the Bitcoin Cowboys chose the weekend to conduct their ramping operations.....big boys aren't playing. Offices are all closed.

my view $800 is peak when halving will happen. after that I do not know whether prices will continue to rise or fall.

 ;D There are a couple of differences - short selling exists now, which didn't then. And back then it was making new highs for the first time - this time round, there will be people who bought at those highs and then painfully held on hoping the price would go back up. They'll sell for small profits just to relieve the anxiety they have been feeling for the last two years.

Bwahahaha, got a good laugh out of me.
This time it's different because it's not that time xD
You can get with this, or you can get with that, all I'm gona say is Btc is where it's at.
https://youtu.be/JQ6wGtqKuIw

If and when we reach 1000, I expect a massive sell pressure, it will push down price to 700 easily.

Yeah, definitely. The same thing happened right now. It would be interesting to see though if bitcoin can actually do a 10x again, with the price going from $400 to $4000. Seems unlikely right now  though.

There might be a huge bubble right now, but I think that's unlikely.

Yeah, I agree, 10x increase seems impossible. Back then, we woke up to find the price went up by $100 over night. Now, we find $50 increase per day. Let's see if the pace continues, quickens or slacks off

The climb to halving will be great. And then next thing you know after the halving there will be a massive sell off and then probably a bounce back up and stabilize. So get it will the getting is good.

Well I think it will be different now but it can be the same, ill just set a goal to sell my bitcoin. If it was to reach 1000$ again I will convert all my bitcoin to fiat and wait for it to dump hard then buy again, then wait for it to stabilize and pump.  ;D

Agree with you, they just drive up for their own benefit. I think they have lots of BTC they just try to increase price and sell when the price reach their target. Well I can say "For every action, there is an equal and opposite reaction." by Newton. So, guys prepare for opposite reaction ;D

Yeah. It is looking decidedly toppy. Are any retail buyers buying at these prices?

Yeah, before halving there is always this great hype about the price, and since the price is partly psychology as well when people get hyped up they'll take more risks and pump up BTC price.

There may be a few adjustments along the way, but we'll get there eventually. Look, we've already achieved that $10 billion market cap!

And now it's over $11 B.

Yep and it will still probably climb in my opinion. I don't think that a $1,000 USD bubble is out of the question. Obviously there will be corrections along the way in these next weeks but overall I'd say it's very bullish.

china has a target to continue to pump bitcoin and I think it's reached $1,000, but not directly. may gradually until the end of the year.

Yes, I think what is going to happen is exactly that. There will probably be a huge dump after the halving when the hype will be gone, and then the price will stabilize at around $600.

How high it will go though is a mystery to us currently.

Well, there could definitely be a bubble waiting for us somewhere here but I guess it's really important to follow what your gut instinct is. If you feel like that the price is going to go up, then by all means hold.

Otherwise, sell when needed. Be rational.

Well it is getting there pretty fast right now. People are saying it will reach that by morning.
I would beg to differ that it is just a bubble. The sudden increase has been going for more than a week now so this is anything but that represents a bubble effect. It is just the natural progression before what everyone was expecting to happen before the halving.

I don't think China was a big a part of it as you say.  It's a little hazy, but for that bubble China wasn't nearly as much of the trading volume, I mean, huboi and okcoin were just getting started, there volume looking back on the charts were pretty low.

Part of chinas incident goes way back in 2013ish after the mt gox incident I`m sure.

It was when the chinese exchange just decided the bitcoin was illegal or not accepted for business which made people sell off their coins. And their volume wasnt clear since I remember there was another involvement with the exchange.

Why? In the past the pump was leading by bots in MTGOX, now is leading by bots in Huoby and OkCoin. Is almost the same, and in both cases the Chineses and halving were the growing factors.

This will bubble an pop like every other time, but the new floor will be 1K +

it seems ATH is coming...there are just so many more players and exchanges now.....


people are pulling out FIAT from savings etc and buying into BTC.


this time hmmm 2~5K ATH i would have thought settle back to

Above 2K would be a dream come true.... 5K+ I would quit my job


PLEASE LET IT HAPPEN!!

The way the price is moving now is already starting to make some of the predictions in this thread and elsewhere look rather silly. $800 - $1,000 tops for the halving? Suuuure....