Bitcoin Forum

http://bitcoincharts.com/charts/bitstampUSD#rg1460ztgSzm1g10zm2g25zv

http://bitcoincharts.com/charts/mtgoxUSD#rg1460zczsg2010-06-29zeg2013-01-28ztgSzm1g10zm2g25zv

December?

we are here ish..>?

http://bitcoincharts.com/charts/mtgoxUSD#rg1460zczsg2010-06-29zeg2012-08-28ztgSzm1g10zm2g25zv

notably similar.

Looks similar, and if it is just like the past bubbles, it will take us very high.

https://www.google.de/trends/explore#q=bitcoin

 :o

I am hoping over 800$ within few weeks before halving and if this third one became strong and price become stable at over 800, $1k will not be hard to reach.

It's hard to say/predict. From what I have learned bitcoin is not to be analyzed like traditional charts.
Technical analysis seems close to impossible with bitcoin.

Yes, technical analysis is way different in bitcoin due to price manipulation by traders. But unfortunately some bunch of people rely to the candlestick methods to 'guess' the next price movement.

That is the opposite of what I experience. I would never try to TA traditional stocks - their charts look so random - while in bitcoin the TA rules more or less work (stuff like parts of EW, divergencies, trend lines, etc).

It would seem a bit to predictable to have another bubble before the halving now, Id more expect nothing to happen all the way up to the halving and then maybe some time after (a few months maybe) We might see a small bubble. The way i see it is theres no point in having bubbles if they are just going to burst. What we need is actual growth for/after the halving to maintain prices. Not just artificial inflation.

I think this is spot on. But we'll need to wait a bit longer than this December.

In the MtGox chart the pre-bubble pad to the $15 peak is 273 days and then the part that you don't show from the $15 peak to the bubble start is another 137 (to 1.01.2013 - the price then was still about $13.5 and it was about to start bubbling up). The downslide is 133 days - so it is about three times less.

Now the downslide was 413 days (to 14.01.2015 the bitstamp lowest point) or 629 (18.08.2015 - the bitfinex lowest point).

So if we want to have the same proportions the next bubble should start either

about 1200 days after 14.01.2015 - that is May 2018
or
about 1900 days after 18.08.2015 - that is October 2020

Wow that was surprising even for me how far away it gets.

Halving is going to happen in 13 days.A jump to $800 is not impossible but not very likely.
I think we will see some sidewards movement in a 600-700 range before we see a significant rise again later this year.

$800 is $150 away from the current price level. If China keeps pumping like they have done very recently, then it's possible to see $800 prices before the halving. If they don't pump, then we'll most likely stay far below $800 till the halving.

of course yess :)
bitcoin will be more popular at this year, halving make the price rising, and sure the third bubble will come soon.

I also think this time it has pretty good chance to surpass $800 floor easily, these signs are showing something interesting about huge rise and i hope it will happen soon and before end of this year we would be above $1000 for sure.

The problem is the market is not functioning healthy, Too much manipulation. Either by whales, mining farms and even exchanges. Which makes it hard for us 'normal' people to see what will happen, or even worse predict what will happen.

The only thing what we can predict is the long term prediction for bitcoin... up

Third? Please, there've been way more bubbles in bitcoin's lifetime than 3. But I'm definitely expecting a sharp rise, and maybe yes, even a bubble.

one thing i learnt following crypto trends, similarity barely means anything; having said that, by all means, another bubble, please, yes!!!
personally i'm all down for one more major bubble & a few minor ones before btc hits 10yo.
but as i've said other places, what btc needs most is stable growth;
volatility is sure a lot of fun but other cryptos are doing a whole lot of that (probably too mcuh but whatever);
what btc should do is slooowly starting to act it's age, on its way to its second decade!

I think we will see long period of stability now. Halving won't change markets immediately as most people might think - you have to realize that there are over 15 of 21 millions of BTC mined already.
We have plenty of supply to sustain every demand - market and miners will have to take time to realize that.

i see...   interesting.
november is the run-up month. i do not expect anything spectacular till then.

$1k is difficult to achieve at the halving, as price is stable now and even if its moving its moving in lower direction, and if it starts rising in coming days then also we can expect max price of $800 at halving.

Interest over Bitcoin is about to explode, all the mainstream media is starting to report on it a lot lately. This time a lot of shorter will get burned. There are some know it all smartass guys that think when mainstream media reports you have to sell, but this eventually will not be the case, so those guys will sell and be left out of the game with 0 BTC.

Time to HODL.

Interest over bitcoin will rise a lot. But the price will not explode. The price might rise 50% in a month, then consolidate for two months.

Price has been steady at above $600 for a while now. You guys think this is the top already? The halving is already looming yet the market looks to be unresponsive as of yet.

The halving effect has been the price already for several weeks. The real effect of reduced dump has yet to be felt.

It seems like you are treating the two bubbles in 2013 as one. There were two. It bubbled from $15-ish to $200 in a matter of months. Then crashed. Then another bubble went to $1100+ and then it crashed. So we will certainly not have to wait as long as you suggest to see approximately 1,000% gains...assuming history repeats

The first halving was priced in too....then it went up 5,000% in 12 months.

Just curious, do you think it's possible that the 4+ million bitcoins yet to be mined are already priced as well, due to market foreknowledge alone?

You are right but I think everyone is looking at the price and waiting to see that actually what will be the direction of price at the time of halving, if they see the direction upward then everyone will rush to buy more bitcoin and I hope that it will happen the price will increase after halving.

there will surely be another bubble for bitcoin and this time it can even be so much bigger than anytime before it because this time the market is so much ready and there are a lot more investors and demand that will shoot the price to above $2000

The price could be $2000 in 18 or 24 months. But I do not want the price to rise too fast. Otherwise, it will drop fast.

I doubt this is avoidable.

You are hundred percent right sir,if price will go up that fast,probably we will see
also really fast drop.Just let it build up slow,so i can make money guaranteed alright? :P

That is the reason I do not like pump and dump. The big pump in late 2013 caused two years of bear market.

i think many of bitcoin users prefer a slow and steady rise over a sudden rise which will surely have a big fall afterwards but the problem is that the bubble doesn't seem to be avoidable. but instead i think the size of it and the speed of getting there and back is going to be much slower now.

i like pumps and dumps because it is really interesting to check the bitcoin price from time to time in my opinion the bubble will happen and people will be able to make money

actually i think that right now there is big potential for the price to explode to the heights it hasnt seen before and to be honest that would be really great in my opinion

The price seems stuck at 669. If it passes 680 we may be in for a treat, although with bitcoin there is never any assurances you can make.
Just sit tight.

The way I see it, its doing its job for holding and leaving everyone else become more comfortable with the current price point.

Which then becomes the new medium - so anything that lets bitcoins price and people selling due to the panic of another bubble is just really past painful person events which they dont want to face.

But if they have the finance to be okay with it which it really boils down to is holding for "xyz" time then regardless of a bubble happens they move forward.

yeah the price is not going neither up nor down right now and i think that we will soon see a huge bubble, it is impossible to avoid bubbles but its not bad as it attracts more investors

I`m talking all the time that effects of halving will be seen in months to come, not on the day of happening. I also see similarities with previous halving and I believe that same thing can happen again, I`m a believer.
There can be third bubble, I feel optimistic when I think about bitcoin price, and for me there is lot of space for bitcoin to rise. There is a lot of time until December, many things can happen, big and positive things for btc. I once said I would like to see new btc price record, and I still wish it.

Being a few days into the halving and with no new bump in price, I don't expect to see a big drop now,at least not quickly. I think the build up to 650 was probably due to the halving and was all built in. We could see normal changes in price, but I would be surprised to see it go down significantly.

It will go down significantly according to all the data. We're currently seeing a dangerous bull trap forming. It will be devastating, and is confirmed by data sources.

confirmed? you convinced me. will sell all.

Even if it does go down, then I still can't see it go below $600 as I believe that price level will get supported long enough to not let it fall below it. Some hours ago the price has gone up nicely where it stands at the $670 level right now. I'm interested to see where it goes from here.

Prediction. We bounce around 650-750,770,780 range til Nov-Jan..then stratosphere.

Okay were on $660 now after price playing more or less than $650 for how many days. Seems its slowly going up again. This is nice as im about to convert mine into fiat.

this look so much like the previous times with a very stable price, just like $450 range for example and i have got a feeling that the same thing will happen now and we will see another slow rise and then a break in the $700 resistance and become stable above that.

I think the price of bitcoin will stay around the current level to consolidate, then it will rise to $900 or higher.

many crazy thing will happen,together with run on banks in Italy,situation is very similar to 2008 crash,we will have even election in USA with Trump like a candidate,so until the end of year will be crazy time on btc

If there is a financial crisis, the bitcoin price will rise a lot, like it did in 2013.

There will not be sudden or big financial crisis in the near future. So I think the price will rise slowly.