Bitcoin Forum

It seems the bubbelievers never stop hoping. Here's a graph on tradeview, credit goes to emanace.

https://www.tradingview.com/v/NRS4U5CA/

LE, quote from emanace: "I think Bitcoin is soon going to move into it's next parabolic phase."

What do you think about that? Are we cooking something? Is the rocket being fueled?

Great, great! Also expecting this for August 18th-21st?

YES


We will be around 800$ in 7-10 days, after that a short consolidation before we finally break through!

Hope you are all right seem like something similar was last year but only in November was boom last year.
So in long term we will see what will happen in this few days or months

I am very sure that $800 is indeed very close to us.
It is just a matter of weeks when bears will cry.

Yes there's no reason why the price shouldn't start to rise, bitcoin is undervalued at the moment in my opinion.

Well we can say it really is undervalued when we compare a cost of mining with difficulty.

But well no one knows what is the real value yet :) We can just wait .. perhaps many years will past until we will estimate the true/fair value of 1 Bitcoin.

I think we won't find the real value untill the last bitcoin will be mined, therefore not in our whole life.

Since when did you move from being a bear to a bull? Or do I miss something here...

Lots of positive news will make bear a bull.

$800 is possible this year, around Christmas.

800 for the win!

To be honest, I've seen a lot of people give up on another bubble, or at least have resigned to it not happening for another 6 months, year, 2 years, etc.

I agree now new bubble is coming near Christmas and its not as we have last year this time we are going to touch only 800$ to 850$

Where do people get this stuff? I mean, I can understand not taking $10k or $50 very seriously, but where do you come up with $800?

Glassball. Nearly all predictions in the shortterm are utter BS.

His ass.

I didn't say it'd be a bubble.

It'll be a slow rise, no bubbles this time.

A troll is a troll. Bear or bull doesn't matter.

"They" are guessing. but unlike you and me, "they" have a big mouth and like to claim their guesses are predictions.

What is your definition of a "guess"? What about traders that have consistently beaten the market? Are they just "guessing"?

???

All traders are guessing. They already know when to exit a position before they place a bet regardless of winning or losing.

Threads like this one tell be that we are experiencing more and more capitulation. But the amount of people who cling to a bubble is still quite high. They also postulate one in 2-3 weeks, which is... I don't know... off?

You can't predict major bubbles using data from the past...
Huge bubbles will form if the market have a HUGE Demand for bitcoin, that's why the price will rise.

Look for good news and then you'll be on the right path.

Ah well, I try to keep my hopes up, too. The other bubbles weren't expected either, and this one isn't exactly called off by now. But who knows... maybe those people screaming for more capitulation and stuff are right. Maybe they actually know their stuff!

Yes. Even the top tier speculators on Wall st. rarely do better than odds. The so called gurus are those who make outrageous guesses until one hits. The market forgets all their incorrect guesses and exalts their one big score.
The most successful speculators make very timid and conservative predictions and are still not really consistent.  For example, I predict higher gas prices in 10 years.

Gas price yes maybe sooner then 10 year, for crypto that is something that can happen every moment day hour .....

That now it work. So in long term hold in short sell when price is high.

The bubble will come when we least expect it
Any time now when people get lazy waiting and just start using it again.

+1

What is wrong with 800? Is nice round number.

I agree. I'm sure that there will be another bubble, but almost every prediction of when this bubble will start has failed (including my own). The few predictions that end up being correct will be, I suspect, coincidences.

The low volume on exchanges shows that people are waiting for next big move or something.

The bubble will arrive soon, don't listen to trolls and hold your btc if you don't want to buy back later.

Look at chart. Bubble(bull market) already started. Starting point 11.4. @$339

Just wait a bit, I'm sure it'll bubble soon! I mean we can't force the bubble, can we? Also the times between bubbles tends to get higher and higher for every bubble. We may need another month or two for the bubble to come. But you guys are sure it'll come, too, aren't you???

So do they just gamble on what they think will happen and get out at a loss as fast as possible if they guess wrong?

There is no way to predict the bubble and when such thing happens , many people line up to claim that they had predicted about the bubble .

if you think that only because of the recently alt decline, you are wrong, bitcoin isn't an alt scam coin, you need a pretty good damn reaso to kill bitcoin, other than the infamous attack

Most people think it is a bubble because it went from worthless to 1000+ in less than 5 years.

The 50-70% correction and re-inflate price certainly do not make it easy for case that it is not in a bubble stage.

Keep doing this and you be the falllling guy with opposite signal.

Can't see much more than 600 break, we are in August and most people are hoping the end of year wage bonus to save their financial lifes, so less money to bubble the market

It is also not easy/possible to predict when we are actually in a bubble. There are instances when investments see significant returns that are sustained over time and/or do not ever turn negative after have large returns. Bubbles can be very profitable if you time them right but you almost never can do so without a lot of "luck"

Industry Reactions to New York’s BitLicense Proposal:
http://www.coindesk.com/new-york-bitlicense-views-inside-bitcoin-industry/

Remember the emotions during daily price increase? Remember the goosebumps and the activity? Rememeber??

so these threads are supposed to encourage people to buy?

Bubble is formed when the price of one bitcoin is your one year salary. We are not there yet.

It is, most people are too impatient, though! The bubble cycles take more and more time each time a bubble occurs! We might have to wait another month or so until the next bubble arrives. I think we'll see an upswing starting mid-september!

So we're supposed to bounce off $562 on 19 Aug?? Seems like a good plan, although I really don't want to see bitcoin going down any further! But if we then assume a full-blown moon course, I'm all in for that assessment! Looks like a good analysis in my books!

Bubble is bursting this week for all alt coins.

Yep those alt coins bursted but now some of them are recovering and making comebacks again

Extremely volatile everywhere though, haven't seen this much movement for a couple of months... interesting.

Yep sometimes the market moves all at once
Scares you though especially if your holding and don't know what to do
Buy sell to buy in lower, diversify etc.

If one is scared I guess it's most safe to get out and also stay out. If you want to stay in the game it's best to hold. I guess it's prudent not to be overly invested at this point. Definitely not with something you can't afford to lose at all cost!