Bitcoin Forum

Bitcoin is now back over $1000.  Before we get to the next crash, anyone have any predictions on how far it will rise this time?

If I had to guess, I'd say between 1500 and 2000.

This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.

About 2000 , January next year.

tomorrow, we could see a blood bath

Rawr roar. Mooh. Don't care. Buy and hold and be rich next year.

I'm not ruling that out as a possibility, but there was no basis for the crash other than misinterpretation of the news out of China. Now that people are getting straightened out on what it actually meant, and we're getting some more positive news (Paypal, hao123.com), I think things are feeling bullish.

tomorrow our fiat will take a bitcoin bath :)

and what makes you so sure? this can be anything, really. the fact that there are some illustrative charts lying around with sentences such as "return to normal" doesn't mean anything. The last weekend was more like pirate40's default not real crash or whatever. If you were around that long you would know how bitcoin works. It ain't that easy that you look some stupid bubble illustrations and become immediately a market prophet.

I've been spreading sell orders since $900, but I'll hold onto some of my holdings this time just in case we do breakthrough $1200. I'm just not feeling the same levels of enthusiasm as last month.

I still see no evidence that news matters. It is just adapted to market sentiment. I don't think it crashed because of misinterpretation, but because the event was due. The timing was the only question.

On this forum, it's hard to tell.  :D

I don't, either, though. As such, I've been selling coins on this bounce. Fortunately we are still below my original average sell price.

If I am wrong, I will cry. :-\

I don't know, I'm beginning to think all the liquidity the fed created is starting to find its way into BTC.  Today I saw there was a big spike in online searches for the term Bitcoin.    I don't see the liquidity spigot being turning off so if we make a new high here I'd agree with the $1500-$2k mark.

You may be right, I'm not sure whether we'll pass the ATH quite so soon.

However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.

What that means I have no idea, bullish I guess??  :-\

Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.

Given the $1300 Merrill Lynch / Bank of America valuation, apparently they have no clue.

Yeah, Re: Merrill Lynch's valuation, I think it's a value that was engineered to sound reasonably bullish, without instantly causing panic by being incredibly high (they have probably sussed that the value could increase by another order of magnitude, they obviously don't want to say that publically because they could lose money, and look stupid).

What I meant with the "big money" is that: Big investors would probably either have bought in between $300-900, or would have waited for a dip (which did look like it was coming sooner or later tbh...).

whereas little fish are more likely to buy near the top.

normally it takes a while between two bubbles. (and that's a good thing)

If they did this btc value would already be 10k+

Max today

http://www.youtube.com/watch?feature=player_detailpage&v=tZDmpiSdTTk#t=793

one of his better shows.

I take it as a sign that we are still VERY early, but that's me. After all, this isn't something innocent like a messaging program or another name-brand computer. This concerns the worldwide economy, more than that, the very fundamentals of it. Of course fiat investors are going to be sceptic, even if they understand it.

I agree completely, it shows that big money doesn't understand bitcoin... yet
Seems like they're starting to come around slowly now they realise it isn't just a fad.
The real growth is still ahead of us IMO

Thanks for this Sitarow.

Pulling my asks now.