Bitcoin Forum

http://1.1m.yt/mQ5g4kB.png

This must mean something!

The graph you have shown OP might mean something, because it is the proof that bitcoin can survive even if it falls. It might also affect it in the future since in the history of bitcoin, in my opinion this is the most crazy price graph I have ever seen. Other currencies and precious metals like gold have not had a graph like this before. I might be wrong since im not that of a pro in terms of forex and currencies but the graph means something that's for sure.

Surely, the graph looks unique and it has a deeper meaning for it shape. I think what it means is that maybe it has reached it peak and will now start a downward trend. I foresee the price dropping to lower levels and start rising again just like in the graph. Just a thought

Now I really hope the future graph won't be symmetric with the part from the year 2013!! :D
Then, instead of big smile, there would be a very loud cry all ovet this forum! ;D

In the bitcoin price variation chart there might be a simile that would resemble the loud cry of the forum users, but most users will be benefiting good as the price movement will be towards the rising side than moving backwards.

Indeed, 2017 is the year where get rich as fuck. Also most importantly, notice how the rise of the 2013 1k+ peak is really steep compared to the current rise which started in 2015. So we have a controlled slow rise, which means this time the price will go way higher before any big correction happens. Shorters will get smoked.

the only thing that it means is that you didn't zoom out and also the fact that you forgot that the first ATH was a fake pump done by Mtgox and if you ask me it should be removed from the chart if we want to talk about long term change of price.

Bitcoin formed a very nice graph. It is not just bitcoin that is smiling these days. All bitcoin believers and hodlers are smiling as the price is nearing the new ATH. It does not matter if the first ATH is fake or not, it is recorded and it will appear in the graph. We recovered from that fall and now we are in realistic price hike.

I wouldn't cry if the price would drop back to $100 for a few days (so I would have a time to buy enough bitcoins) and then if it would be pumped to $1000 again. :D :D :D
But the question is, what a dump and pump like this would do with a market. ;D

It must be a "check" like on Nike Logo and not a yahoo smile since like the guy stated above, there is a big manipulation at the first phase of bitcoin while reaching it's new ATH.  

And that check is extending until now forming a long check meaning it was "approved". Green candle will tell. Kinda corny here but it's making sense. :)

If I look at the price of bitcoin in 2014 is almost the same as it is now, which is in the range of $ 1,100. I had time to think, whether the price will decline as years ago in the year 2014-2016? See now there are some threats that could make bitcoin prices down. But on the other side I believe bitcoin situation is now very different from the previous because it has evolved, so it is not likely to happen again and will continue to rise ???

except it wasn't.    

It was not the first time the price rose that explosively, and it wasn't even the biggest rise ever either (in percentage terms of course).

I also think a rise like that one wasn't the last of its kind, and eventually we will see another one like it and the price will shoot up to insane levels (like $50,000 or more) in a single month.

Price declined because of sudden bad events that happen around that time. That is MT GOX era where you see the first ATH and because of downfall of the exchange, it dragged some negative things and other bad things happened too after that resulting for so much price decrease.

Today, just hope that there is no such thing as big deal bad news that will happened that can able to bring the bitcoin price down. It can happen anytime and that is possible.

The recent rally has been a significant recovery back to near all time high levels. Though thie time, it seems to be much more organic than the previous rise that felt more like market manipulation.

Who would've thought that we'd somehow reach the same levels like it did during the first boom? History does repeat itself.

Thanks to PBOC cracking down on Chinese exchanges. I tend to like a slower and more steady growth than erratic and more volatile price rallies. Let's see where we go next, hopefully past $1100. Taking a little profit here and there helps alleviate my FOMO I've learned :0

Lol, it is smiling but what does this mean, i hope that their lips will go higher ( the right side).

I think that the bitcoin price is trying to stay minimum at 1000 dollar and I hope to be the next bottom price.

except something fundamental happens I doubt of a repeat of what happened in 2013 as bitcoin has broken a lot of resistance before gotten to the level it is today. In 2013 the pump in price has no foundation and if you follow bitcoin price in 2016 you will notice that supports level were strongly contested by both the demand and supply forces. The price may soon start to make another strong upwards movement.

Now on we may not see any big pump-dump scene again because chinese traders now can't manipulate price with zero cost. There is standard trading fee on all chinese exchanger also they have stopped margin trading. Price may grow more naturally and in a healthy way from now on, price will be standing at new ATH within 2017.

Interesting & probably all true. I'm certainly ready for 2017 to be the year that we get rich AF.
Sit back, light up a blunt & enjoy.

Yes you are right exchange a few years ago down because there are many bad things that make prices fall. It could happen again at any time but may not be as severe as a few years ago. I hope with the progress of bitcoin now and there are many adoption it will be a good thing for bitcoin, so it will continue to grow.

Still its raising bro. Please check with the price chart. I expect this smile should expand in the right side for long term. Today itself we can see that price change almost 25$. Only question about this price bump from me, thats how this price bump is gonna stay.

I really do hope that what is said on the quoted posts will happen and I agree with them partially, this time the price instead of will I'll use the word might go way higher before any big correction happens since there is really always the possibility of a big dump happening even if the instances it have now from 2013 1k+ peak is very different. Let's just wait and see what happens and enjoy whatever outcome time brings to us.

hahaha, but the current bitcoin prices are falling, so I think, at this time bitcoin is sad to see us. but after that maybe the price will rise again, and the price statistics will show the price of bitcoin smiled broadly. ;D

It is indeed smiling at us once again. Just like the sun rising after the cold of the night before. ;D
You just have to have some faith in it so to nuture and let it grow.
Sort of like what you have to do to a plant. Right? ;)

We can take what ever meaning of a chart's ups and downs. But what I am finding is after bitcoin hits $1000 price levels for the second time in 2017, it signals no more $1000 levels are a big physiological resistance for many trades as a profit booking zone, they might wait for $1100 levels for the next rally for sure.

It isn't as simple as that. You can directly link the cause of the first drop to Mt Gox -- sure other factors were involved -- but Mt Gox handled 70% of exchange trade.

Mt.Gox was that much of the exchanges in proportion to all the ones around the world?
No wonder this effect is massive on the price when the OkCoin's in China has a thing like this happen to them.
Locking withdraws to their users are disrupting the natural progression of bitcoins influence to all other exchanges around the world.

Chineses are trolling at us. Is funny just to watch if you can hold and wait, cause the up trend is still there but theres some whales and exchanges trying to maximize the profits before the new ATH. Dont be fooled by the manipulation, and think in this like a mid term investment.

Coinbase limit on buy/sell is actually a blessing in disguise for me. Prevent such me from FOMO buy or selling, and helps calm me down. Always having money on both sides of the fence helps too. Can't wait for the ETF :)

Never would of thought of it like this.
Having Coinbase as a savior for saving people from themselves of getting screwed over in this free for all that the PBOC has made it with the Chinese FUD of exchanges happening within the last 20 hours.
ETF does sound good right about now. :-\
It will save people from themselves in such situations that will keep happening in the future with anything to do with bitcoin. ETF will have some margin of insurance when the bitcoin market price becomes a wild west like it has become.

Wow i knew it he want us to be happy it because of the price happen to him bitcoin price rising it self very nice o really what you draw there i saw some comment that they blaming chinese for controling bitcoin price or trolling bitcoin price o don't beleived that they are reason bedinh this.

Yes, this is a real smile. Bitcoin is smiling us technically :) I hope this smile brings us better profit for this year. I hope the ride will continue during the whole year. I hope more people use bitcoin in this year. I hope the awareness about bitcoin will increase. I hope bitcoin become more popular in the world.

All you do is hoping so who is going to do the hard works? today's keyword is now "smile". That curve though reminds me of a half circle, as bitcoin price is moving like a circle but still there are some bumps ahead.

Sometimes the right side "handles" got interpreted to present some kind of cup and handle chart pattern. In a way they are .. repeating, which doesn't fit the pattern that well.

That chart shows really for something, bitcoin is crazy as ever. :D
Expect for this year highest price, and its only 2nd month of the year, I hope $900-$100 will become more stable