Bitcoin Forum

Big correction next weeks?
http://s21.postimg.org/z6bxz0ed3/screenshot_2.png (http://postimage.org/)
url immagine (http://postimage.org/index.php?lang=italian)

Or you could simply hold? All that history is truly telling us is that Bitcoin is going up.

The problem with analyzing bitcoin history is it was all driven by mtgox and its bots. Now the movements are much harder to predict.

There is a very good video on youtube, ill try to look it up which gives a perfect explanation for this, it will go up! a so called S curve

I think OP is right. Market is so boring right now, a lot of the first time investors are going to lose patience and cash out soon to pay the bills or whatever. We'll then see prices drop as coins saturate the market. Same thing happened last time around. I'm holding fiat, and will wait for a nice drop in the coming weeks.

here it is:


Bitcoin 101 - Why Bitcoin's Growth is Normal & The S-Curves You
http://www.youtube.com/watch?v=qHUPPYzzZrI

great video

if history is repeating your graph shows a beginning lateral movenment as is was in 2013.
We are since several days in that lateral movement

Back in June/July 2013 people were all making similar charts to compare and correlate the situation with 2011 to show that the price would be going down to $20. It all turned out very different however, and this time I believe it is also not very likely that things will develop exactly like what happened after April. Funny to still see people thinking charts should correlate 100% with history, almost as funny as the people who keep posting the bubble chart after every drop and subsequent rally.

You know what's coming then :D

Mass adoption is coming. Bitcoin will go up. Don't be stuck holding fiat.

The End is coming. Bitcoin will be regulated out of all useful purpose. Bitcoin will go down. Don't be holding Bitcoin.

lol, if you think Bitcoin has no future, why are you hanging around this forum?  ;D

It wasn't entirely serious. I just get tired of reading all these 'appraisals' and analysis that consist of not much more than what the author wishes would happen.

the next upwards movement

Infinite profit loop.  8) ;D

http://s8.postimg.org/fcconbe8l/btclog3d.jpg (http://postimg.org/image/w046pt901/full/)

i think this chart is interesting, its the logarithmic view, 3 days, btc/$ @ stamp. if we look back this year then it looks more like a solid uptrend than bubbles and crash.

now if you say history is repeating then you also say it would hit 10000$ this year?  so for the little downtrend inbetween would not be worth selling ;)

Here is my elliot wave analysis.

https://i.imgur.com/6r1Vxim.png

https://i.imgur.com/916yAIa.png

Lines on charts.  ;D

It's really not an obvious E-wave analysis. also, think, after wave 5 up to 5k, will it come back don to the 4th wave? 100-250? I doubt it. I think 500-700 BTC are likely in the near future but after that, the fundamentals will have to catch up, and will that happen? I dont know.

my thread about this here: https://bitcointalk.org/index.php?topic=450817.0

I'm a bear and I think 250 is ridiculous. Good luck getting anywhere near 300 with an angry sea of bear fiat and instutional investors waiting around the previous bottom. You'll have to get past rpetilia and probably loaded , second market, fortress, and all these new funds (and me).

I don't think history will repeat itself and I don't think the third bubble was a bubble at all. It was a popularity boom, brought on by China.  Also, the role Gox had in the first two bubbles can not be understated.

I don't think BTC's market cap will go down by 20% or 30% at all this year.

In this third-not-a-bubble period we have a much greater popularity for bitcoin worldwide which has changed the market dynamics a great deal. The first two bubbles did have a lot in common, but I don't think the third-not-a-bubble is the same beast at all.

I think bitcoin will crash down to 100$ this time.

https://i.imgur.com/t09PCEr.png

lol ! you're pushing it  ;D

Like I said last year.... way too much hype going on for 2014.



We are going to be in this sideways movement for a long time, probably even til the end of this year. The weak hands will drop out, but there will be another rally, maybe not as big as last year but I would be surprised if we're not at $5-10k by 2016.  If you guys have seen me around I am always right, even when I'm wrong.