Bitcoin Forum

This is spectacular. The volume will surpass its old ATH any day now. This bubble is going to dwarf all the previous ones. Expect a bubble comparable to 2011 bubble by its order of magnitude. 0.5$ -> 30$ was a 60x rise. 220$ ->13200$ would also be a 60x rise.
 
http://s16.postimg.org/m8mpgq0id/chart.png

I can tell you one thing, if it does get to $13,200 as per your figures, there is going to be plenty of people kicking themselves for not buying more coins earlier on....

...me included.

one thing i know is that bubbles do not looks never the same, so i'm not expecting something that has already happened

but i can agree on surpassing the last ath, i'm more for 1k-10k range this time

If you think that the price will arrive 13 200 us dollar that's ok for me. But I want to know when, according to you. If you think during the actual "bubble" then I will give you 1 bitcoin which it will be a true wealth for you. But can you give me the same amount if the price will not arrive even 1 000 us dollar during this bubble?

I have big faith that one day that price will be reachable for bitcoin. But is yet far away that date. Far away. Unfortunately for us but bitcoin is yet a child and have no breath to hold such running so fast.  :D

this could very well turn out to be the last bitcoin bubble. because think of it. after this bubble, too many people would kick themselves for not buying in. too many. and they look at the periodic bubble pattern and they will just buy in. they don't give a shit any more, they will just buy in. we would reach unbelievable heights, then fall down for the last time, leaving most people poor(er).


When? My answer is: soon. :D

I don't know when exactly but this November might bring us pretty unbelievable events to begin with.

Could you explain a bit more what do you mean when you say we could fall down for the last time and leaving more people poorer?
Do you think this could be the final crash and after that Bitcoin is dead?
If this what you try to say I think I disagree. I believe it could be the case if your bubble and high price, up to 10k and more, becomes reality, we will never ever again see any 3 digits.Meaning low 4 digits will be the new bottom.

It puzzles me why the bubble stopped just one day before the auction. Everyone's talking about China capital control fueling the recent spike, but why then it stopped for a 44k auction across the planet? It was supposed to not care and go it's way, with it's own time and it's own retracements. I can only conclude it was NOT Chinese buy pressure but just plain, and scary, manipulation.
My problem then is whoever/whatever can do this is not my friend and is not your friend either, quite the opposite it seems. I'm not bullish or bearish, i don't trade, but even holders should be scared of what we've seen IMHO

The bubble hasn't stopped. Zoom out.

It stopped, you can zoom in and out as you please.
Maybe you mean it hasn't retraced 100%, it hasn't popped? I don't care, even if it goes 1000 tomorrow my point stands: it's manipulation.

Lol

Well, we have seen weirder shit.

I'm not convinced yet, but I wouldn't be too surprised if this were to happen.

I think $3000 will surely happen, but there is a reasonably chance of $12000~25000 happening (yes those numbers are far apart, I'm just not very sure where it would stop if it breaks $10k)

Almost anything can happen right now. In fact, few expected to happen was has already happened!

Would you agree that each bubble has greatly exceeded the general sentiment as to where the price would top out? $10k seems to be the high end of the sentiment for the current/next bubble top.  Just something to think about.

Very true, we could reach $32k

13k is chump change. This is the start of the most epic bull run in bitcoin's history. This is going to end up north of 100k usd per Bitcoin.

There fixed it for ya

This is gentlemen !

To be honest, people do not even let it pass 500... They cash out all the time. I cant imagine a bubble anytime soon.

It's called redistribution. People cashed out when BTC price was 15, too

i don't remember... was the sentiment before the last ath, above the last ath?

what i mean is before the last ath, long before it... was everyone expecting a bigger value than 1200?

we rise to 5 000 000$ per bitcoin, then fall down to 200 000$ and never reach 5 000 000 $ ever again.

and I never meant that bitcoin would be dead after that. it's just that people who bought in at 5 000 000 $ per btc would be poorer.

Haha. If we get to $13200, you can count me on sending you a yearly supply of beer to celebrate this.

I dont think we ll go that high, my best guess is about $3k per BTC by August 2016.

Agreed  ;D

$13k seems a bit too much. IMO the next spike will be around $4k-$5k and then settle at $1k-$2k (this is the new amount people will refer to as "cheap coins"), until the next bubble.

Specifically referencing the time in between April 2013 and November 2013:
I can remember when it reached >1,000, it was well beyond whatever I imagined it could possibly reach *in the next bubble*. If I'm recalling correctly, 1200 was way above what most everyone ever expected bitcoin to rise to at the time. At least this is what I remember the general sentiment being.

https://www.tradingview.com/chart/BTCUSD/P8X2S1MW-Bitcoin-s-Future-Shape-13000-and-120k/

No exactly true
https://bitcointalk.org/index.php?topic=313818.0

but it's true nobody was expecting such a quick rise... most were expecting $1000+ later, in 2014 or 2015


$1000 was a value as accepted as $10, $100 or $10 000
https://bitcointalk.org/index.php?topic=264628.0

In this poll from july,
32% were expecting a top between $150 and $400
42% were expecting a top between $500 and $2000... (not too bad!)
19% were expecting a top between $3000 and $100 000


So the majority wasn't completly irrelevant afterall

I said we would fall down to 200k. It means 200k would be the bottom. Of course it will grow higher as we come out of the bottom but it would never reach 5 000 000 again.

I actually sort of agree with this assessment. We would never reach 5M mainly due to the probable arrival of a super intelligence and an intelligence explosion thereafter. Possibly rendering money, digital or otherwise, obsolete.


See: http://hplusmagazine.com/2013/12/23/infinity-point-will-arrive-by-2035-latest/
See: http://www.kurzweilai.net/the-law-of-accelerating-returns

Bitcoin is still too young and really we are part of this evolving period of Bitcoin and witnessing the making of history for new digital currency where Bitcoin will be core/base currency to set value of other digital currency.There will be many ups and downs regarding price till we reach there.All we need to hold some Bitcoins for a bright and wealthier future.

I make the same poll https://bitcointalk.org/index.php?topic=1238848.new#new :D

Yes, I actually started thinking to buy more when I woke up this morning and saw a pullback. Then I started thinking that it could go to $350 maybe just shortly, so I can buy but now it's over $400.

Now I don't know what to do. Should I buy or wait. And threads and analysis like this are not helping me at all!

I love the ideas in this thread lol.

buy some now, put some buy orders for lower prices.

This is just the pre-bubble.

https://i.imgur.com/wKX2sIR.jpg

LOL @200K$ Bitcoin!!!

We can't even stay above 500, let alone 200K. It's like NASA announcing the discovery of water on Mars, and people speculating about intelligent life forms there. There's no such a thing there, it's a dead planet. BTC will never amount to $200K, may be $2000 tops.

You bet it's manipulation!

And now that the market has just come through a period of trending around and under the 61.8% retracement zone from the ATH, if you were a whale, smart money, a market maker, how high do you think you could pump the next bubble, and how many bazillions of USD do you think you could cream out of the market when you decide that the high is in and start selling, and stop supporting? Would $500 really be your answer?

Don't worry, wall street is watching.

It won't be long before they do more than watch.

How do you know they already aren't in?

But for one, Bitcoin market cap is way too small for Wall Street to get heavily involved in direct Bitcoin investment

And besides, if anyone thinks that Wall Street is going to make Joe public rich by pouring vast sums off cash into Bitcoin, then they are very much mistaken. It is Joe public who will be making Wall Street rich by pouring vast sums into Bitcoin.

i agree. The NASDAQ has already developed their own blockchain dubed "To" (with a symbol as the zero) and although they dont ADMIT its running, it is. Wall street is already here, might account for the price too :)

sure, but if they want in on the profit they need to buy at some point.

and since the market cap is so low, even "loose change" such as a couple of million dollars would increase the price a lot.

sure, they will use all the tricks they know to try and shake out weak hands, lay bull traps and bear traps etc.

but i will hold and keep holding until i don't need to worry about money any more. And than hold some more.

Yes people will start to sell if the price even touches again 500 mark. Last time also price begin to go down within 10 minutes after it reach near 510$. As natural human nature they always try to make quick profit, nobody cares about future price if they are holding small amount.

...

Well one thing I have noticed in the year and a half or so that I have been watching Bitcoin.  And that is:

No one knows shit about where the price will go.

NO ONE called this spike 10 days ago, no one that I read here nor anywhere else.

NO ONE predicted how long the BEAR market in BTC would last as we went down from $1000 to $700 to $500 to $300......

Maybe the dynamics of BTC may indeed allow a HUGE PRICE INCREASE as time goes by (probably, IMO).  As the technology catches on, as the "halvings" relentlessly constrict future supply, etc.

But, one thing lil ol me has seen is that NO ONE has a good idea of where the price will be next month.....

True. A steady bull run is obvious with the graph shown. I believe the trend will continue up and we should not panic yet about the bubble burst. Things are looking very positive now.

A pullback is a healthy sign of a sustainable rally though, having it pop up rapidly can have its own problems when it collapses.
Giving it the chance to stabilize rebuild a base price and then carry on is positive that and most people are still well in the green after the last surprise so it would not surprise me to see some people being satisfied as is.

Only actual truth anyone will ever find in speculation forum.

Well, i'm so far from being a whale....i wish i had those problems  :D
If i have to guess those who make the market prefer the prices to stay low, because the percentage of btc they can take from trading is higher, this means it's easier for them to keep their advantage position. As for the pumps i say they'd pump high enough to raise social attention and greed but no way high like some wet dream extrapolations. After all what they don't make for a higher selling price they'll make from the number of bitcoins sold (and then bought back cheaper by means of same manipulation).

Yes continuous price rise is not the characteristics of good price rally. So you pullback is inevitable in every commodity trading. Ups and downs are most common to get a stable place over the time for a commodity. So after the price down we can expect some price appreciation towards a stable price.

Are you mental?

Whales make loadsa money by keeping Bitcoin low?

No, whales make money, by inducing volatility into markets. By ramping them, and crashing them, and then ramping them some more.

You're being sarcastic, right?

No.

The only way to make money out of trading markets, is if their is volatility.

An even better way to make money out of trading markets, is if you are in a position to ensure the volatility and even control it. If this market's price discovery mechanism is based around a few unregulated exchanges, then all the better.

The whale, the market maker, the smart money, buys low, and sells high. The higher he can sell, the better, the lower he can buy, the better.

What is so hard to understand about that?

It can when some big NYSE companies decide to step it. If they are they will do it slowly, however it would take some real time strategy from the bitcoin foundatoin to make adoption possible.

wales gain the most from either a high stable price or a volatile price.

i mean if you have a lot of something, you want it to be worth a lot. Or you want the price to swing so that you can profit even more by trading, sinceyou havea large influence on how the swings will play out you can predict the market (you are a large % of the market n the first place).

I think this is oversimplified. Market makers know that they can't maintain the same range of trading patterns for the long term.  The volatility attracts more investors and eventually the floor of the market is raised.  They know that eventually the price will go higher so if they can front-run a rally early and then use their weight to send it back in the other direction, they make money shorting with leverage all the way back down.  Rinse and Repeat.  They can't stop the eventual uptrend of a market with great fundamentals like Bitcoin.  They can only delay it by influencing market distrotions and try to profit from the additional volatility they create by moving their weight around

Now that the history is made but not according to the OP previsions everyone can think that the big words and the euphoria doesn't mean reality. It will be good for all of us to see and wait a little before speak. And above all to think a little more. Everyone who like bitcoin want a big price of it but pretend it when more than 70% of the countries of the world don't know at all bitcoin this mean to see dreams with open eyes. So feet on the ground and the mind clear. Must wait and do everything we can do to spread it as much as everyone can. Then explain what is and why is important. Who want, understand. Who understand do the same thing like its mentor. This is what we must arrive to do.

^^^^^ That was the right on the nose. OP, hyena, thought we'd see $13200, I know ridiculous. Don't ever believe anything hyena says. Just so f*cking ridiculous, $13200, really hyena???

If there is continuous adoption of bitcoin, $13,200 will be surpassed in 5 years. If there is no good community, the bitcoin will die soon,

In terms of adoption and therefore being resposible for a rising price you're right.
And regarding the community I'm not sure what you exactly mean. The Bitcoin community is growing, evolving and changing constantly.
Lot's of debates happened recently. Fork, Blocksize increase, Bitcoin or Blockchain etc.
I think this all is part of the process.And each day more we are here and exist the harder it gets to "destroy" us.

Bitcoin adoption won't necessarily bring that huge price increase. After all more Bitcoin acceptance and bitcoin commerce does cause price to drop more likely that rise.
Bitcoin price increase might be true when we would have more bitcoin than FIAT transaction, and we all know that is not going to happen anytime soon.

Comments about the community, yeah its growing.. but I seen more scams lately appearing.

Which is never a good thing, but theres not much we can do about it. As for "destroy" us part, yeah its getting harder for people to debate about bitcoin.

Just think of the volume when we hit 600 USD. It will be huge.

Bitfinex is always good for a high volume, but now with Gemini it would be a mega volume.

Yes, we can't do anything about the scams, unfortunately! And as we grow even further, I expect that we will see even more scammers!

But one thing I do find extraordinary, is that people are much more careful this year with their bitcoins in my opinion than just last year for example. I get this sentiment from reading and posting on this forum, and I do spend a lot of time here. I guess that people are getting smarter with their money and as long as this is happening, scammers will see their success rate decreasing further, even if there is more and more of these scammers!

Yes, we made a little bit of history with this last run-up, but unfortunately it ended with a premature ejaculation. I guess good things come in small packages and we just have to wait a bit more for the 17 000$ prices. People seem to be quick to forget that some time ago we were infinitely hovering around 240$ prices. We are now at 340$ which is a huge win. Even as the rally stopped, we still ended up higher than before the mini-bubble. That's a good sign.

$220 - $340 may be a good run, but it does not satisfy us bitcoin bulls.
We want return of multiple times from the next bull run.  :)

The volume is Gemini is still small. It will take at least 6 month for Gemini to be a popular exchange.

It hasn't even begun, look at the latest news, everyone is really shaky and watching each other's hands to see what other people is doing about Bitcoin. Visa is saying that they are adopting the Bitcoin blockchain and all other chains are trash and irrelevant, they are starting to realize the scam that private blockchains are. Expect 1K+ next year almost guaranteed

We are already on the way. Everyone of us is working hard to increase the price. Going hard works and telling to bitcoin to be proud of itself and to see always higher and higher. As it is shown ultimately bitcoin has heard us and has began its way versus new top price.

Jokes apart seems really that this time bitcoin is playing hard. after the bubble become from China there are again new high prices that no one know from what reason are achieved. Seems increase of activity of bitcoin and this may be the cause but if it is only this the price is to fragile. maybe this amount of transactions may be temporary and if so the price will go again. I hope to be from the spread and from the desire of the new entries to have some bitcoin. That will be a true achievement. But no one can know this.

Wow that's amazing volume we're talking about here ;)

What I don't even.

I agree $340 was a huge win, and as I write this we're at 441, down from 470 or something like that.  I have no guesses for this, but I believe we'll see $500 in a month and a half or so.  I'm optimistic, though not as much as you it seems.

Actually, each bubble has been progressively smaller if your calculation is correct.

1st: $0.5 to $30 = 60.
2nd: $13 or so to around $266 = ~20
3rd: $120 or so to around $1,300 = ~11

I'm just recalling those from memory and guesstimating, but wouldn't that imply a new ATH below $3,000 at the highest this time? Of course, PAST PERFORMANCE IS NOT A PREDICTOR OF FUTURE RETURNS. I feel like everyone here needs to learn that rather than making overly precise predictions based on technical analysis or the past that almost never come true.

You're right, but it's more fun to make precise predictions and later see who gets the closest call. :D

The bitcoin start from $430 in the new year, even if the price rises to $4000 later this year, it is less than 10 fold rise. So low in historical terms.

Let me remind everyone that in late 2011 we were at 4.5$ prices. now we are hovering 450$. How long did we hover at 45$ prices? Not at all, and it was a 10x increase WTF. We went straight to 270$ and never came back to 45$. This alone means that 4500$ prices if they were to come right now would be nothing spectacular in comparison to 45$ prices that came after 4.5$ prices.

A rise from 4.5$ to 270$ would equate to a rise from 450$ to 27 000$. Is bitcoin mainstream yet? No. So there is plenty of bullish potential left in bitcoin. If I was to discover bitcoin today, I would without doubt buy as many bitcoins as I could right away and start hodling as I've been doing for the past 4 years.

I can pick up a 1 kilo bag of potatoes easily. 10 kg, no problem! obviously that means I can juggle 100 kg sacks as well, right?

But many more people are joining in to help carry those bags.

1 kilo was done with the limited amount of very early adopters. Then some more people joined and moved 10 kg bags like it was nothing. 

Now things really start to catch on, people are working together and are able to carry 100 kg sacs with 4 of them!

Don't forget the power of many.

When many more people join the community and use the bitcoin, the price will be much much higher. The price is related to the square of number of people.

That is called the network effect. I do wish the bitcoin will be used by millions more people and help their finance.

The more people use it, the higher the price the bitcoin will be. I heard the Japan is going to legalize the bitcoin.

That is just a media report. But if the bitcoin is legalised in the Japan, it is good for the adoption there.

You can also say that you are making the future. It depends on how you look at it. And if you are now looking at it. You can see that Bitcoin will becoming more popular.
And that is also good for the people. The world is becoming more digital and that is also good for Bitcoin.

Yea, building a future that's more likely. Bitcoin s just about to have its break. The best is yet to come!

we are making great history. In the future, on the list of currencies used in the world bitcoin will also be added. This makes people know much about bitcoin even if it gets vanished after years of production.

There will come a bubble it will take some time but it will happen for sure, so that is a other reason why it would happen because of the people that are believing again.
I think this is possible for sure if you ask me.

I can proudly tell my next generation that I am the pioneer of using the bitcoin and see it flourish continuously.

We are just 6 years into the existence of the bitcoin. If the bitcoin survive the next few decades, we are the pioneers.

We are making history. If the bitcoin prosper in the next few decades, I can say I was in it from the beginning.

Its just a matter of willing to stick around for that break, thats the main question lol.

Some of us dont want to deal with the nonsense of year painstaking years to see this happen though.

Yeah, just in a very short time period we have reached lot users. There is no need of 'if'. Bitcoin would surely survive for decades.

making the
 Yeah now we are telling that we are making the history. After some decades we become old, and bitcoin will be in the peak, at that time we use to tell we made history in bitcoin

The bitcoin will never be in the peak. As the number of total usable bitcoin drops all the time after 50 year. The price will rise always.

I don't understand what you're trying to describe. I believe the drop in usable bitcoin will lead towards increase in price. This might help in getting more users into bitcoin.

I agree with this. The higher price can attract more people to bitcoin. After they see the benefit of bitcoin, they will use it.

This time if BTC rises above 1000$ it will go ballistic because last time it was all over the news at these prices. Everyone and their mother is will be FOMO all over the place. They remember the butthurt they felt for not buying BTC when it was cheap and they don't want it to happen again. Besides, bitcoin ransomware is getting more and more popular because people are actually paying the ransom. It happened to my friend's friend (a CEO of some wood company). They were suffering a giant loss every day because their documents were encrypted by the malware. It forced them to buy bitcoins to pay the ransom and thus the price had to rise a bit.

If the price goes above $1200, there is no people who has lost money in the bitcoin since they bought. So the price will go very high.

i can see 10x higher from the current price, so around 4k-5k as a new peak, if the increasing will be serious
 
but you need first to surpass 1k-1200 or it will never happen, surpassing 500 is a good propellant for reaching 1k-1200 firstly

We are surely making history however Bitcoin market cap is way too small for Wall Street to get heavily involved in direct Bitcoin investment

The rise to the last ATH is a matter of days now. It could be in 2 months, in 4 or tomorrow, it's a bull bomb about go to to mars and I feel bad for all those people that can't see such an obvious opportunity to get a good position in the most important asset to ever exist. I guess that's why we will be rich, because not everyone can make it.

well, i agree that the current market cap of bitcoin is a joke for wall street guys, but this offers them the chance to enter the market at current prices and then crank up the prices by x5-x10 and then rule the entire bitcoin market with iron fist. and who knows, maybe they are already slowly accumulating coins to not affect the price too much.

No Matter, Bitcoin is less market cap than Wall street, but sooner it will over this

When the pension funds are allowed to invest into bitcoin, the bitcoin price will rise many times.

If this should happen we will surpass moon and heading directly to mars!!
5-6 digits would be easy targets then.

I'd expect high 4 digits. I would really, really doubt Bitcoin going up just because of pension plans starting to accept Bitcoin. It would mean that Bitcoin is a bigger commodity at that point, and the government and multiple other agencies are interested in Bitcoin and recognize it, so having more people interested in investing isn't necessarily something that is completely out of the cards.

5 digits for Bitcoin would be nuts, and I eagerly await the day it hits that sort of value, but I doubt it'll be within my span of interest in Bitcoin, maybe even my lifetime.

Lower 4 digits might happen some time next year. High 4 digits will happen in 2 to 5 years or longer.

YEs bitcoin is making history

i am mostly agreeing with the last part of your comment, they are accumulating while the price is low and if you watch the market closely and do some analysis over time you will see that they are indeed keeping the price down to accumulate more at this rate.

i think you are right, we might see a new all time high at the end of this year or in the begining of the next year, and even bigger increases in the upcoming decade what will make me some good money

of course we are making history as we are using a new currency that will be really popular in the near future and that will make us a lot of money if we invest into it right now

When looked in  terms of adoption it is therefore being responsible for a rising price .  The Bitcoin community is growing, evolving and changing constantly. Lot's of debates happened recently but i think the market cap will increase day by day.

The price is ultimately determined by the adoption. The more useful the bitcoin, the higher the price.

you lack faith, or you're really impatient and/or old.

it won't take very long at all before we see 5 digits.

i predict anywhere between 5 and 10 year that we will see 5 digits, maybe even 6.

That means work for 5-10 years and then retire. I can live with that. 5 digits and I am hanging up my work boots.

meh, i would never put all my faith into one possible thing which is price rise of bitcoin.

i think the price of bitcoin will soon reach $5000 in a couple of years but at the same time i don't think planning on retiring on this single thing is wise either.

i couldn't retire on bitcoin alone with $5000 bitcoin but if you have 1000 bitcoin or something why not?

some people have tons of bitcoin

If it will be happened so that is a good new,also it is most biggest new than Halving. 
But it is too fast, so a lot of number people don't believe in it.
Otherwise it is really making the history.
But in this way, bitcoin is very expensive thing, so mostly people can't afford it to buy the bitcoins, and all of us will sell the bitcoins.

If we push the price to higher than $500 in June or July, then it could rise further and may not come down.

how is it so hard to believe bitcoin will reach $5000?

Seriously, it's harder to believe it WON'T go there because $7 billion market cap is NOTHING.

Warren buffet alone has more money than all of bitcoin combined times 9.

Warren buffet could easily buy 200 bitcoin at the current price, but there aren't even 200 bitcoin

and that's just 1 person.

You see how unsustainable this price is?

we are WAY TOO LOW.

It's not even a matter of being a few $100 too low, or even a few $1000. We are too low by a few orders of magnitude.

It's necessary that bitcoin will reach prices of at least $100,000, if not $10,000,000 before it can get any kind of stability.

You may call me delusional, but really, think about it. 21 million bitcoin divided over 7,4 billion people. On average there's not even 0.003 bitcoin per person.

This means that even 1/333th of a bitcoin is too expensive for most people.

Right now, most people can easily afford a full bitcoin. Bitcoin has to be at least a 1000 times more expensive before it becomes at the price it should be at, considering how scarse it is.

You can't have only 21 million bitcoin and still having a bitcoin be $600, because we'd run out of bitcoin. That's not how free markets work.

If everyone wants bitcoin, and there's a finite amount of bitcoin, the price will HAVE to go up, it's simple economics.

There's no other way i can explain it, if you don't understand this, well, sorry for you.

There is only 1 reason why bitcoin should not go up, and that is if people will not use bitcoin.

We know that it is very likely that the world will use bitcoin. It's already happening.

I agree with that totally. Each active forum member should buy 100 bitcoin. If there are 100,000 active members, that is 10 million bitcoins.

Most active members are very poor, they do not have money to buy 100 bitcoins. They just have time to fud.