Bitcoin Forum

And only roughly 40% below its peak and since that this was a short lived high you could actually

say its still relatively equal to its medium term price or maybe slightly higher. Its hasn't been around

long enough yet to really gain a historical price and these need to be adjusted for inflation too,

don't forget that when you look at the Historical price of assets like gold silver iron or oil that

the money supply is much greater and even though in dollar terms they look more expensive this

may just be because you don't have such an easy access to the money supply that governs them.

You could say in the last year money supply could possibly have increased 10% so the  actual price

today of Bitcoin to 1 year ago adjusted to inflation could be $40 lower than what it is

currently, which makes even more sense and brings its slightly closer to its medium term price while

still on a fairly reasonable upward trend since it is retroactively absorbing inflation.

This is comforting but I wonder if we'll be able to say the same in November.  Bitcoin has had ups and down but usually is higher than it was a year ago.  However, this coming winter will be a big test.

Good Luck.

We have to wait and see.
If November we'll have still 500$ level will be an huge loss in last year.

I expected bitcoin to reach 1k again at the end of 2014., but hell

when I started using we were 120, so I'm happy :D

lol, i starte when it was only like 5$, but i still need it way higher before i can say im happy about it.

Its hard for regular folks to resist the temptation to sell when it spikes in price insanely..

I agree we will likely see over 1k$ per btc by new year, but im wishing for much more ^^

the average increase per year is what it matters, not certainly the swing that may occur, it looks like not many have understood this

Exactly, let's wait for the end of the year before make worthless comparisons, I have never been disappointed with bitcoin value, it's still growing, and fast.

This.

Once December hits and we aren't at $1,000 I think some of you to-the-moon weirdos might finally calm down.

Not to say I wouldn't like moon  :P

I think it would be a long shot to say that bitcoin will close the year above $1,000 as this would be more then double the current prices, although bitcoin has gone up 10x in less time in the past. However I really do not see anything that could potentially cause the price to go up like this.....except possibly the Ross Ulbright trial.

Any asset class that go up by 300% will eventually have correction to weed out the weak hand. Once the weak hands are shaken out, it may or may not have another rally.

Indeed if price stays the same , in just 4 months we will have to say , bitcoin has lost 50% of it;s value.
But probably then most bullish people will say , hey bitcoin has gained 5x in two years.

Choosing randomly the times of comparison is no way tot do it.

Bitcoin's price volatility affects much of its peers and investors' decision to buy it. We saw bitcoin reached its ath in November 2013, and we also saw it dropped to $450 per coin. Imo, these things are only normal to bitcoin's nature, which makes it an interesting topic to watch, study, and take part in. :)

Yes, the price is still reassuring now

i don't really see where anyone sees an "uptrend" except for they think "it must happen because it happened before". honestly that is all i seem to get out of people.

more companies are allowing people to pay with btc, but that doesnt mean they will. you can pay with paypal in grocery stores and tons of different places and blah blah, do you see a majority of people paying with paypal? nope, and the majority of people WILL NEVER be concerned about where their money is going. we are going to have to accept that and move on to just getting more ppl to use it.

Yes it is (almost) 300% than last year but who knows if in a few months we will see a new bubble, that's the point.

BTC had many ups and downs, but its stable in my opinion. I expect to rise till 700 by this 2015 Jan.

Exactly, people dont like to look at the big picture and enjoy the panic it seems.  ::)

Bitcoin's value isn't "stable", it's exponential growth is unpredictable in my opinion.

this mean that bitcoin is increasing at 60% rate every year? counting from 2010(from the 1 january)

Bitcoin certainly will block up, but to call timing is not real. Once the law becomes known to most, it ceases to exist.

Are you saying winter is coming?

The price peaked at around $1200 seven to eight months ago. Winter is already here.

Plenty of pull back left to go to weed out the non-believer.

What will remain is the true believer who will hoard the coin till the end of time.

This is encouraging by the look of things its possible we have a turn around before the year runs out.''fingers crossed''.

The pumps and dumps,Rise and Falls is what make people addicted to bitcoin,You never know Btw

Reason why there is still plenty of room to go down.

Even in a bull market, huge price correction will occur before making new high.

its easier to predict when those pumps and dumps happen

diff are increasing 15 % every 11 days... so... i don0t know,, maybe... in 2016.. with the new block reward.

At some point, people will have to cash out, won't they?
What is the point of controlling some bitcoins, if you can't enjoy the good life?  ;)

Yes, and it is a long winter with the nuclear fallout of the collapse of Mtgox and silkroad
Perhaps somewhat effected by the rise of altcoins as well.
That said I hope for a bitcoin spring in the price sooner than later since Bitcoin is getting more adoption and a stronger position and its a significant amount compared to eight months ago.

Of course,everyone witnessed the fact and it's gonna rise up more as we go with the time

if bitcoin becomes the world's most valuable asset, it wouldn't surprise me. So far, the trend has been upwards year after year with each major rally surpassing the previous all time high. Then again, we haven't seen a major crash yet either... so who knows.

Usually people,specially beginners can't even hold onto on even a small peak.While I first came to know about bitcoin it was $6.xx per coin.At times it even did crossed $1k each hoping the same to happen again

of course it will rise and rise

As far as im concerned, we've never gone anywhere but up.

Bitcoin has only given me nothing but gains thus far.

bitcoin will go to $1300 by the first month of next year ( january 2015 ) the whole world begin accept it and everyone began use it, it is mean the capitalization will increase, we never know how fast it is but i think it will move very fast.... ::)

Yep, overall the price has gone nowhere but up.

Hmmm.. is this still accurate? wink wink

http://www.investopedia.com/terms/u/uptrend.asp

Definition of 'Uptrend'
A formal uptrend is when each successive peak and trough is higher than the ones found earlier in the trend.

http://i.investopedia.com/inv/dictionary/terms/uptrendnumbers.gif


As long as BTC stays above $50 then we are still pointing up (a very reliable price analyst mentioned yesterday 205 as their projected low which is comfortably above 50)
https://farm4.staticflickr.com/3900/14788509267_8c29675dba_c.jpg
https://bitcointalk.org/index.php?topic=747502.msg8445665#msg8445665