Bitcoin Forum

So far, Bitcoin has defied all odds and speculations by continually RISING even hours before we finally arrived at August 1. Some analysts and fear-promoting people have expressed their prediction that Bitcoin can fall in days leading to the said date but as of now we are seeing that Bitcoin acted differently...such an unexpected move coming from a very unpredictable beast.

It is now rising and nothing can be stopping Bitcoin except if something very dramatic can happen on August 1 and following days. The market is not already listening to the FUD as nothing is really new...we already heard those things and we now have a clearer picture of the technical changes to take effect on August 1.

This defiance of Bitcoin can be pointing to a possibility that Bitcoin can soar high after August 1...there can be a big ride after all the dust is settled.

Are you ready for its coming BIG RIDE?

It should have been obvious the price would rise leading up to the fork, because you're getting free Bitcoin Cash for all your Bitcoins. I made a thread about this when Bitcoin dropped to $1900 saying you should be buying Bitcoins and what do you know the price has risen nearly $1000 2 weeks since I made that post.

https://bitcointalk.org/index.php?topic=2026015.0

I keep saying that the whole Bitcoin Cash story was intended to manipulate the bitcoin price for a while,
so the big whales can start buying some cheap BTC.All the future hard forks will look like this one(and the Bitcoin Unlimited fork).Some big whales will pay some "hard fork supporters" to fork.This will create some
panic and the bitcoin price goes down.The big whales buy and after the hard fork,bitcoin skyrockets.

it did NOT defy anything. all speculation was telling about a RISE on the way. the fear and being not-sure was only back when miners haven't yet started signalling for SegWit and there was  a small but legit fear of split due to UASF on August 1st. by that time price was around $2000 and momentarily dropped to below it.

but after the signalling started and reached 100%, there was no not-being-sure anymore. anyone talking about price fall was either confused or spreading FUD. there was and is no longer any reason for any kind of fall.

what you have been reading and regarding as "speculation" was FUD instead.

what do you guys think of masterluc/Lucif's prediction that the target price is $40k-$110k?

it seems way too high.. right?  then again.. this bubble didn't feel euphoric at all.. only 2.5x previous ATH.. so who knows..

it is starting to warm up, the BIP148 thing is over now and nothing bad happened. we are now on the ground floor of another rocket to the moon which will start its launch very soon.

get ready for $3500 ladies and gents.

Yes that price is very impossible to reach even 30 years will past. The next bubble will drive the price near 4000$ maybe next year.. and  maybe nextweek the ride to 3500$ will begin.

This is something that I have been thinking myself, I think this is going to be the new formula to get more money and bitcoins out of the weak hands, you announce that there is going to be a fork, everyone worries, the price crashes, you get more bitcoin and more of this new altcoin and then profit when the price rises, rinse and repeat.

anyone who uses the word impossible winds up looking like a silly person.

watch and learn.

indeed,in the cryptoworld everything can be happen.
and 'IMPOSSIBLE' word does not exist in crypto dictionary.Only 'POSSIBLE' and 'ABSOLUTELY' in all over my dictionary  :D


Well about this one,
we may be can see it,but not this year for sure because a lot of happened this year.
major drama happened and chain split,someone said he's a 'SATOSHI' and bla bla bla.
based on current activity,i only can see right now we're in accumulation phase or something like that,
but they have been showed us some sign that a 'BIG PLAY' will happen soon,
so i just want to say,we will reach $5000 in this year

Did he give a time target to that prediction? I wouldn't feel sad if that prediction did become true.
I can return and lead a life of luxury on my current bitcoin stash. No need to work another day again.

Till now bitcoin has overcome several odds that's been speculated as well prediction market with its high potential growth. Several obstacles have been bypassed when  people never thought of it and felt it has begun to crash. Same is the present situation people fear, but the growth continues benefiting the people who trust in it.

I completely agree. Prices were too high for pumper whales, new kind of forks first rise then pulls the price so whales can buy more bitcoins for cheap price.
It is pretty much realistic guess.

To say it was expected for the price not to go down is quite easy now that it has already happened. And that is the norm when something has happened already: it is quite easy to analyze and get an explanation on why did it actually happen. The difficult thing is to predict ahead.

But fine for all, if Bitcoin keeps raising, I'm in. Lol.

Let's wait and see how things pan out. Faster confirmations and lower fees can only be good for the price. To the moon I say, all the way!

Probably but it is not yet clear Segwit is fully implemented. Therefore there will be a sure pump in prices when that time comes so better be keen in your own chosen exchange site. Not that it would become a panic selling but it's better to see the movement of prices rather than just waiting for others comments. Because by that time you may have to wait another time to dump your coin.

I fear the constant growth of prices on the bitcoin. When this happens with a Fiat currency, the national Bank inhibits the growth of currency prices in order not to reduce the competitiveness of the economy. What is different about bitcoin? The bigger they come the price the greater the likelihood that it will fall.

It seems it will take extra effort to understand how bitcoin price really moves and in the right direction because by now everyone would have expected the price to be more stable towards the upward trend considering the "all clear" which came early, rather what we are witnessing is a mere stagnancy and erratic price which was not even so during the build up to August 1 when we touched the $2900+ hopefully the song will change in the coming days.

You say a big ride but I am not seeing it to be honest... the price is moving slowly and everyone is pretty much watching and waiting to see what will come next. Most people have their attention on BCH/BCC and that is detracting from the BTC action. Maybe people are waiting for, the phrase I will choose is "real winner" between the "split." Some people believe in Bitcoin Cash and that may lead to more interesting times.

it almost seems like there possibly might be some sort of repeating pattern....I just can't quite put my finger on it

https://i.imgur.com/9pIu5OP.png

There may or may not be but whatever comes in the next few days or months I am ready for whatever it is. And bitcoins graph as seen above has been a repeated pattern but not of the same price. So there is a big possibility a big ride is about to come but the question is when?

there has been some tries to break 3000. i think bitcoin is ripe to go above that now that the fork is finished. when people are done dumping bch and start buying btc, the price will soar up once again. i hope.

Well, i have to be ready whatever happens in the next weeks or months. And we can't deny that there's a big possibilities that a big ride is about to come  but still we don't know when it will happens, right?

As always, we should look at the price drops as an opportunity to buy more bitcoins. If we trust bitcoin to gain value over time, we should expect the price to always increase after a price drop. We can also view big increases over short periods of time as good times to sell.

Correct even if the price seems high, to reach 40k to 110k  is not impossible, bitcoin only needs to grow about 15% per year in order to reach 185k in 30 years and by the way bitcoin is growing a lot faster than that in every single year since its creation, so a price like that is not as wild as some people may think.

Depending the situation in this time is bearish trend or correction price on market, if you try buying when bearish trend just beginning, you will take more loss and regret when the price lower than the base you bought. So, need have some analysic before decesion buying.

For this price is still high expectation. We first need to brake 3k and 4K in price then you can speculate for something bigger. But first bitcoin need to hit first 5 digits and that is 10000. This price is still far away. Remember that only when halving is and now this segwith with bitcoin cash we could hope for price to go up again. Dont see how will price go every year for 15% when every time we have this rise we have after and fall. Off course if fall comes it wont be like it was last time.

Can't say if a big ride is coming or not, but I'd be hard pressed to find a reason for even a substantial stoop. Bitcoin's been overperforming for so long now. The way it weathered ETH's threat and now this storm says a lot about its resilience.

I’m not saying that bitcoin is going to reach those prices, what I’m saying is that even if those predictions seem to be very high the truth is prices like that are possible as long as bitcoin keeps growing at the rate is growing, also the 3k barrier has already been broken, now we have our sights on the 4k barrier.

Agreed. A lot of challenges has been faced by bitcoin and look at it now. Still standing and even getting bigger and stronger. But I doubt that there is a big ride coming as well. I prefer a much slow phase than a bubble that is going to burst soon. I think $4000 is pretty hard to break now. A lot of cash has already been throw in the ecosystem already and I don't know if they are still more people willing to pour in cash because the price is so high right now. No question about its resiliency bitcoin has already proven it.

FUD's  ;D. I guess they already learned that they should only believe in what the truth is or their own instinct rather than other people prediction which could be lacking accuracy.
It is good to know that. Perhaps, they are reading some of the comments here that provides more insights in how to deal with their bitcoin whenever there is a drama happening or a changes in events.
I saw some other comments in other sections and it looks like they will hold more as the price surges

You missed the rocket launch at $1200 many people did, and many of people still waiting hopelessly for bitcoin to go back down there, they should just wake up now before getting more and more too late, Now the market behaves in a way that 10% increase in market value is a common daily fluctuations while we're talking about billions of dollars in trading volume. even if 50% of the 24 hours volume being fake, we still have north of $500-$800 millions in trading. honestly when you hear the name of bitcoin, if you don't invest by the next 15 days then you are considered a loser.

It may take longer than what we expect, personally I think we are going to see that price before the end of the year and then we are going to see a correction and finally I think we are going to see a stable 4k price at the middle of the next year or at the end of 2018.