Bitcoin Forum

We are heading down.

I think we are seeing a head fake rise the last month. I think we go down to 415 in the next two weeks before we go higher.

Look at the pattern: this looks just like the consolidation period after the April '13 bubble.
We might have one or two red candle weeks before the next spike, but it is coming.

Has your gut done a nice job in the past?

If you are not satisfied with current steep rise, thats fine. Over 90% of neuro chemical responsible for the happiness feeling in our brain is created in the guts. If you are not happy about it, its probably because there is lack of strong evidence for another rise, thus no neuro chemical.

It it does correct substantially, it will not go down much beyond 580-550 otherwise the uptrend is put into question.

Actually just had my gall bladder out if that is any indication.

415?  Your nuts.  600 is the bottom if it drops.

600 would be too bullish for a good bear trap.  :P

5XX region would create a more effective one for whales to scoop bear coins.

Uhhh, i am willing to say we go south of $600 for sure. I will put my crypto where my mouth is, I will send you $5 of the crypto of your choice to the address of your choosing if we don't see $599 on bitstamp before September.

Yes i am a big spender. Offer only good for Alley

You are betting 5 dollars and you're calling yourself a big spender? ;D

If I pay in Dogecoin it will be a big number for sure

I think that was the intended irony  ::)

How can you trust what your gut says? My gut can't even be trusted to tell me how many chilli dogs it can digest.

July is when the metaphorical fireworks will commence.

For days, I couldn't decide one way or the other, but now I am leaning towards a correction soon as well. However, I think $415 is probably wishful thinking for bears. Maybe $550. :)

i bet he takes his dates out to mcdonalds to show the kind of bling he has.. but only items off the $1 menu.

Were just seeing a bit of resistance now.. we'll sit here for a week or two more and then we'll break through $711 and the rocket ship will start to take of.

At least that's what my gut is telling me...

too bad you guys dont have ethereum otherwise you could actually make that bet..

You don't need Ethereum for that.  Just grab a multi-sig escrow service.  It's free as long as everyone follows the contract.

This sentiment is similar to the one I have its a consolidation period before a price spike
Considering we were sideways for a long time before the price started to rise this makes the most sense
That said markets are irrational in which case hopefully the indicators will reveal themselves in time to react quickly to price changes

If the price drops below 450$ then the uptrend is broken and after a weak rebound we'll drop even lower.
To go higher than 700$ would require that the upcoming correction doesn't drop below 450$ (not below 550$ to be sure).

flash crash is what i am thinking, I am thinking we need the last of the non-believers to vanquish their holdings

Nope, right now the lowest we could go without breaking long-term exponential uptrend is $510. And that bottom raises quickly (about 21% per week) - so it's $620 next week and then we have nowhere to go but to shoot up.

Your gut has something wrong, have you considered going to the doctor?
Seriously I think that the value will rise before the end of the week to the 700-750$ range,
but it's just a personal opinion.

His gut is trying to puke all over bitcoin  >:(

If you're saying we'll dip to that number momentarily, I could see that happening in a panic (if there was some sort of news sparking that type of panic). If you're saying we'll stay on that floor for a while, I wouldn't have such strong hopes for the going higher part of your statement.

if your gut is telling you what to feel, with no logical reasoning, then i won't listen to it. a picture still needs to be painted.

I was not lying i had my gallbladder removed just barely, nasty 6 inch scar, couldn't do it the easy laproscopic way :(

My reasoning is that last fall right around sept 15th were were in a stretch much like this one, steady rise, looking good, but then wham, bad news, people got bored, whatever... and we dropped more than 25%.

I believe bitcoin is like groundhog day and that Tom Cruise movie. We are just reliving the same story with slightly new players. We are going to plod along like this for another 10-17 days if we are lucky, then a bunch of weak handed new blood or old blood are going to dump their coins. Bad news maybe, bored investors maybe, but it is going to happen. It might only last a week, but I suggest you have a buy order in below $510 to meet your taste.

I would have to disagree, I don't think it will go back to the 400's until a bit of time.

so you're saying that you think there will be some explosive news coming out after it dips? because that's what happened in september.

well i think it will rebound quickly, but might be not so quickly, how it does is not that interesting to me, unless it is something like a collapse of a currency where Bitcoin already has a foot hold, that would be awesome

really? i find the "how" very interesting, as it determines the factors that go into play. the last bull-run was probably from china's entering the game, and then it was topped off by positive hearings in the house. the new injected factors dictate how the game is played later down the road.

I think 2014 and 2015 will be the years bitcoin doesn't do much. There is so much good news every day that I don't see anything coming out that would shock the market into a buy except maybe the collapse of a well connected countries fiat. yes that would do it.

I think Maybe 2X price from here in 2014, but the reality is that moving a market cap from 100 million to 5 billion is much easier than moving a market cap from 5 billion to 500 billion. It will happen, but it is going to be like Yellowstone park, a ticking time bomb that will build and build and build before it finally relents and explodes.

I think 2015 has a high of $2400, but stays in low $1000s most of the year, 2016 with the halving anticipation will be the trigger, kaboom.

I can wait that long, it isn't too far away.

I agree -- $550 is a very key level. And if I see a strong support there, I will certainly be going long for the rally to $700s+.

I have a hard time believing that if we get going back over $1000's it will stay around there - There's still plenty of big money that only started paying attention during the most recent bubble in November, just like there was lots more eyes and $ in November that started paying attention the April before that.  $3k-5k and an ensuing series of corrections back towards the $1000's is more likely.

well only whales and corporations are going to buy lots of coins at 3k, and i don't think we will see panic whale buying until 2015 2016.

I would like to see us switch to a smaller denomination as i think people snapping up 1000 of something is a lot more appealing to most people than buying fractional bitcoin.

Lots of bullshit talkers around here, im making a killing right now.

You predict TO DA MOON, i predicted a crash.

You are mad and this is me right now:

: D

When we're above where we were 12 days ago, I'd hardly call this a crash.  It might still happen.  But it certainly hasn't happened yet.

Good move on the short though.  Glad to see you have skin in the game and you're not just a sociopath.

are you bigoted about sociopaths, jeez the descrimination

My gut says we are going down further