Bitcoin Forum

Just interested what people think about when the next Bitcoin bubble will happen.

I'm betting toward the end of the summer or the very start of the fall.

My guess is when the Gox and China effects have faded or leveled off at least and there's a big, fat shiny exchange in the US that functions perfectly. The latter part of the year gets my vote. There's a lot of trauma to put to bed.

August 2014 new ATH

If you mean when do we start the run-up towards a new ATH: between July and end of 2014.

If you mean, when do we see the vertex after reaching a new ATH, then I'd say: hopefully early next year. February, maybe.

This is what I mean.

Then define when the April or November bubbles "started"?

He probably has the last stage pre-ATH in mind, the one that can sometimes look like a short phase of superexponential growth.

So for April 2013 that's probably around mid to late January 2013.

For the November 2013 high, that'd probably be early October 2013 (the SR crash and bounce)

The average prediction so far is August 16th (not counting the "never" votes).

There has been a lot of talk about the summer.  What event do you guys think would happen in the summer?  Some integration (of bitpay or something bit related) to a major company like ebay?

Mid August is interesting (late summer).  I am not sure what I think about that date but I wouldn't rule it out.

The Bitcoin ETFs could be approved by then.

+1 this is my prediction as well. Definitely later this year!

People only wish they'd know. ;)

Bubble is bursting.

What we are experiencing right now is bull trap.

I guess it depends on what you consider the start of a bubble to be.

One take is that it starts with the reversal of the downtrend from the previous bubble, i.e. $2 in 2011 or $66 in July 2013.

Another view is that it starts at the point that it seems to go exponential, i.e. Apr 2011, Jan 2013 or last October's Silk Road bust.

I chose the former so I voted that it's already started.

The exponential part is probably still weeks away.

LOLOLOL

 :) ;) ;D ::)

So we shouldnt buy in then?

What you shouldn't buy into is the ridiculous trolling by clueless noobs like scryptasicminer.

Noob, maybe. But far from clueless.

Next bullmarket has already started since yesterday or so. $350 was the golden purchase but $450 is pretty good from a broader perspective, above $1,000 just $100 doesn't look much different.
So if you wait to purchase in hope for a lower price, just buy it up dudes and sitback for the next 4 months or so.

Sorry. I thought you were being serious.

I guess I'd better get my sarcasm meter fixed.

If price went from 1200 to 300 (btcchina) do not worry holders here, you must be braver than I am.


Where the price will finally stabilize is anyone guess.

This is bitcoin the price does not "stabilize", Volatility is our bitch.

Finally stabilize? LOL

Certainly not within the next few years and certainly not in mere triple digits.

We've barely moved from the innovator stage to the early adopter stage.

While some bagholders desperately hope for lower BTC prices to dump their fiat, they're deluding themselves with their pipedreams of sub-$400 coins.

The biggest mistake a noob can make is to treat Bitcoin as if it were stock in a company or some kind of investment vehicle. Save that for things like the Winklevoss ETF.

Bitcoin is a protocol, and an open-source, peer-to-peer, cryptographically secure one at that. Don't compare it to stocks, bonds or forex. Compare it to the early days of TCP/IP.

$40,000?

Yeah, I've been holding since $50-$100, so holding from $1200 to $339 is no big deal.  I'm still up by more than double.

Look, you either believe bitcoin is going to change the world or you don't.  If you do, then holding is the only logical thing there is.

The average is now August 23rd.

It'll end the year above $1000

I think $5000 is a fair estimate

Isn't a bit optimistic?

Isn't $1000 a bit pessimistic?

Getting back to 4 digits is just a start. The last half year has been an aberration.

This is equivalent to last summer when the price was artificially low and some people thought triple digits were unlikely before the end of the year and anyone who suggested $500 (let alone over $1000) was ridiculed as a dreamer.

I'll be extremely surprised if the price doesn't reach $5000 some time in 2014.

I'd prefer a sustainable, slow rise over an unsustainable mania. But that doesn't seem to be the way bitcoin works...

However I'm sure that the next bubbles will not feature a rise as steep as the previous ones. We already have a high market capitalization, so a lot of capital is needed to move the pricce significantly.

Regarding the next bubble, i think we have to wait a little longer. I predict a slow rise for the coming months, more like a stabilization period. 2015 we'll see the next bubble phase.

ya.ya.yo!

Perfect time for a sean bean mime about "One does not simply stabilize BTC"

i predict around summer something will happen, small rising is strated already

Not at all, given the violent jumps that BTC has made before.

When price starts really going up, it will likely make a reasonable estimate of what logically we think it could go to look tame.

When it starts shifting, the news picks up on it aswell, and outsiders start buying the odd BTC here and there and it really shifts as more and more new people get on it.

It's picking up. Looks like August might have a bit late, unless that is when the bubble *really* takes off.

According to "the chart" we will first hit the beartrap and then enter the mega bubble.
Let's hope the bear trap is $1000 or so, then the bubble will be $5k+ ;)

I put a vote on June where there will be a small consolidation just before the real bubble starts.

P.S. This TA is based on the skidmark I made on my TP.

Seems like we're entering the bear trap now

4200 CNY was the price at which it started dropping.
Coincidence ? I think not.

I think it will end up over 1k$ but under 2k$ by the end of this year , I guess mostly around 1500$

I know that the Bitcoin protocol is the future and not many released altcoins have had better fundamentals.
The only reason I can see for Bitcoin to drop is if a new cryptocurrency is innovative.

I mean innovative as the new currency x being to Bitcoin as Bitcoin is to centralized yet anonymous digital currencies.

I don't see that happening right now , but in a couple years , what if it supercedes BTC ?

I think it would be either this year end or early next year; my money would be next year.

Define what you mean by start.

Some say it already started, others say it will start soon.

It really depends what you mean by bubble.

The bubble is already started, we have gained 40% in ten days, this is the new uptrend which will carry us to a new ATH in few weeks.

I'm hoping that this time it isn't a bubble at all, that we will actually see sustainable growth that doesn't come crashing down...

after the Winklevoss ETF goes live in Q4

Its now, lots of positive news last days ;)

Just talked to 2014, no more bubbles for this year.

Ahhh shame, but then again as someone who spends BTC i'm not a massive fan of bubbles i'd much prefer a nice stable price which slowly grows rather than a massive jump and even bigger fall.

I hope so but bitcoin isn't enough mature to have a steady slow growth, we will see more bubbles after this one.

I think we need these "bubbles" to get back on the top again, and to reach the ATH.   We can't head to the top, or to the ATH,  without drops.. That would be too unrealistic.

However, I personally don't really talk about "bubbles", I think these are just natural fluctuations and corrections but I know and reconize what you guys mean. 

I think the value will increase now, in 2-3 months we'll be at a higher value than we're at now. $850 or something.. I think 2-3 months is too early to reach a ATH, but we'll see.

I like how things have been doing so far: nice steady exponential long-term growth to keep us holders happy, with lots of bubbles along the way to provide opportunities for day-traders.