Bitcoin Forum

Discuss why/why not.

For me personally - I think we are in the early stages of a rally to an ATH. I'm not sure though how much this revitalized BTC is depending on that good news from Facebook.

Thoughts?

I'm not convinced we're heading to ATHs. I certainly think it will go lower than $1k again. I've started selling again.

We've barely passed $1k again. Let's not get ahead of ourselves. It's very likely to dip again and give one last chance to buy 3-digit coins.

Will we drop below $900 again? Very unlikely. IMHO

Where is my 1 BTC Bono? You trying to scam me?

Currently 3800 coins to break $900. Let's not get ahead of ourselves.  :D

I expect the price to hover around $1k - $1.2k for a while, as BTC traders will be cashing out in swathes, $1000 is a typical marker for a trader to SELL SELL SELL, and it's those who insist on selling at $1000 which will make the dips in the market, and cause a longer climb than it may have achieved...

I watch the stock exchange constantly and this is typical of BTC... when it rocketed last month, the only thing that brought down the price instantly were traders... then of course, china decided to give it another knock. We are now back to a level which may have been a constant mid-december.

Ideally, if traders had their sights set on a sell price of $1500-$2000, it would gradually rise (quicker) but due to the reasons i've mentioned above, it'll take a while to creep up, on account of the $1k creeps.

I reckon it will probably reach around 1200 before it gets a slight crash, slowly climbing again... easily competing with the price of gold... we should have a (somewhat) stable market rate of around $2000 by Q3 of 2015.

ps. i'm not selling... just yet.

 :D

$2000 by Q3 of 2015? lol, this is bitcoin, we could have a stable $2000 next month.

Just had my daily reassuring peek at the all-time log chart.

Even Especially after today's rally, it's right on schedule.

Such an apt way to start the year!

I remember that guy in this forum a few weeks ago. I laughed about some guy who thought he could buy some coins below 800$. No chance because there are 10 000btc to 800$ (price was 900 something). One day later we were at $600.

So I would be glad to see over 950$ tomorrow at gox (hopefully over 1000)

I think the price is rising a little too fast so there will be some corrections. My prediction is it will briefly go below 900 on bitstamp but will not go back to 800 without some serious negative publicity. Most likely scenario is 1500 within 30 days.

Like Huobi faking all the trades?

http://bitcoinity.org/markets/list
They have more than 60% market share and operate with a single bank account (running on the CEOs name)...

Probably it's time to open another exchange and manipulate by myself.

I think we will drop below $900 again, too much confidence based solely on news, a negative one can put us back at $700ish.
Also don't underestimate chinese govt, they still have to ban the voucher workaround..

Very likely under $1,000 again, because of corrections or bad news

my log graphs show going up, but not quite as fast as this, eg, now or in nov.... and yet I expect it to go up, but am still surprised when it does.....

I thought max we would be at 1K in about 4 mtnhs from now as floor. However next 13 months 10K floor and 13 months after that 100K floor, that when the log graphs become really don't look as conservative as stating 10K floor in 17 months.....I may still be right for lows of each month.

My feeling is that sub $1000 will be easy to return to without more solid fundamentals such as adoption and infrastructure. Once those are in place, and it may happen quicker than we expect, then it'll become less and less likely. Right now all it would take would be more dodgy news.

Easily. Volume on this rally is pretty weak.

We're going up up up. I've been following bitcoin for too long to come to any other conclusion. There hasn't been any bad news out of China for a couple weeks and people are focusing on new positive stories. It's a new year, people are psyched again, everyone is confident that we'll be hitting record highs this year, so they're piling it all in.

Sure, we'll have some dips along the way, but I feel confident that there will be a new ATH very soon. Likely this month. And I'm often quite bearish, so if I'm saying it, it must really mean something.  ;D

I don't disagree that we'll probably see sub-$1,000 again on Gox at some point in the short-term, but rallies always start with moderate volume. We'll see it continue to climb over the next couple weeks.

To me it seems that the only bad news that affected BTC came from China x 2.  All the other country's announcements -- India, Germany, Norway, etc. -- had no effect.  The US's tepid positive announcement from about 6 weeks ago did have a positive effect, but not the same magnitude of China's.

The recent/current rally appears to be related to the Zynga announcement, and maybe to a few other miscellaneous recent positive ecosystem announcements.

A few of y'all referred to possible "bad news" -- short of a formal US denouncement, what could that possibly be?  Or, do y'all think there's a chance of a US denouncement soon?  (I am fairly certain that would cause a significant crash.)

We can sit here and talk about good/bad news all we want, but here's the thing: the last rally never did really end officially... it's more like, it went into "intermission". The big crash that many were expecting never happened, and now that everyone's nerves have soothed following the China news from last month, we're going back up again and will soon blow past the $1200 ATH.

HODL!

Glad you finally figure that out. ;)

wait until we correct 3% he'll be the first to cry bitcoin is doomed :)

now that would be unusual. the price going beyond ALL TIME HIGH (think about it)

Now the price is not easily climbed this price came here so stabilized so now there is rare chance to go down.  So now its all the way to 2K and again will be down to 1.3K-1.4K all the way down. So finally now BTC is not going down to 3 digits.

I guess we had some of that "negative publicity" :)

BWAHAHAHAHAHAHAHAHAHAHA

Jimbo is a very silly bull

There were lots of others in this thread to be honest but I know from past experience that all the best retard calls on this forum are JimboToronto retard calls.

I will also admit to holding lots of Bitcoin at that point in time and was waiting on the $1000 resistance to be breached, as soon as it wasn't however, I knew to fold my hand immediately and have been bearish ever since.....unlike poor old Jimbo.

This thread was much more applicable a few weeks ago...

Many here can't resist a good gloat.

I love these threads. I remember when OP posted this, and thought to myself, shit, I better start selling.

It's is always fun to look at things in hindsight... Might be best now to ask if Gox ever goes above $1000 (or $200 for that matter).

I think once Mr Karpeles has consumed enough caffeine he's going to push it to over $1,000,000,000 before keeling over and rolling off his ball.

If I was Karples, I would be getting plastic surgery...

This is why I scarcely take anything in 'Speculation' seriously.

Too many threads like this get dug up.

are we at ZERO yet  ???

How can you go to zero if money isn't going in or out?

Maybe the following 2 things can make that happen
 - They shut down the site with the message "Due to high frappuchino usage we can no longer support this business. Your BTC is lost bye bye!!!"
 - Everyone loses hope and trades go to zero and mass abandonment. Some last sorry-ass dude sells hit BTC in GOX for $0 making the last trade $0.

Other than that Gox can remain on the low but will never hit $0.

Famous last words. LOL

These were far from his last words. This tool has been calling the bottom and forecasting Bitcoin to shoot through the roof all the way down from $1000. One of these days, he will get it right and say......

...."I told all you dumb bears that $50 was the bottom, and look at Bitcoin go now, $100 by the end of the week...LOL @ dumb bears"

If you predict something 1% of the time, did you really predict it?