Bitcoin Forum

Things seem eerily quiet. It's a Mexican standoff right now, no-one wants to pull the trigger.

https://coubsecure-a.akamaihd.net/get/b7/p/coub/simple/cw_timeline_pic/c240a636e1c/9cf0d291d78246a2e11ae/big_1413286344_image.jpg

If you look at 3 month charts, there's one hell of a bullish pennant that's formed. I think there's a good chance we'll see a breakout from here, seems to be strong resistance at the current price, it's just no-one wants to be the first to start buying...

>$800 within a week or 2 is my prediction.

It's possible we'll see $800 or above, but I wouldn't be 100% sure that we'll see a bull movement with the market at that kind of level. It is entirely possible, but unlikely for the next week or two. I would think that we'll see a bull move in something like a month or two, but pegging >$800 in two weeks or less seems relatively unreasonable.

See this, OP?
http://s.twistynoodle.com/img/r/bus/this-is-a-bus-2/this-is-a-bus-2_worksheet.png
This is what you'll be riding for the rest of your life with predictions like that.

< $600 within a week.

Well, we'll see soon enough won't we.

At least I won't be riding little kids eh!  :D

May I ask on what you base this assumption that price will drop? Because every charts, market tendencies and price analytics say otherwise.
We won't be seeing $800 I guess, but $680-$700 is real target here. Market seems consolidated and ready to resume climbing.

Reference: https://www.cryptocoinsnews.com/bitcoin-price-consolidating-640/ (https://www.cryptocoinsnews.com/bitcoin-price-consolidating-640/)

Well, nobody knows what the price will be. I don't expect too much for the price increase, but of course I'm still hopeful that it will increase rather than decrease. I think it will take time to feel the effect of halving to the price of bitcoin. It maybe two months or up to see (in my opinion). I based my prediction on the price chart last halving which was in 2012. Anyway, if the price will rise sooner, that's better :D

Jesus Christ,  that NAMBLA dude is a creeper.   You may want tonot post pics from kids' school workbooks and whatnot.   

OP, technical analysis is mostly garbage and I disregard tips from techies.  The halving brought a huge rise right before it happened and now we're stalled.  Did you predict that?

Actually yeah, I posted a few times that the halving would be priced in gradually before the actual date, I wasn't surprised that no drastic move occurred at the exact time. That's how markets generally work.

I agree that most TA is bullshit, but there are some aspects of charts that can give clues as to what might happen IMO.

I tend to look at it like a poker hand, it's never even close to 100%, but some indicators signify good odds.

In this case, my prediction is based roughly 50/50 on (what I consider) a bullish looking chart, and a gut feeling.

The current stability in bitcoin’s price is more better than its previous price changes, possibilities are more for the price to hit $700 to $750 in the coming weeks.

This!
Stability is always good in bitcoin, when bitcoin remains at a stable price for a long time usually its followed by an increase in price. I didnt actually think we would be getting a price rise anytime soon as i was in the belief that we would have some large sell offs first, but with the stability we've had the last wee while it seems more than promising that the next move will be an upwords trend. Id say we could possibly stabalise around $700 or slightly higher if we are lucky.

nobody here is doing witchcraft so nobody can predict anything, it is all speculation. take it or leave it. right now despite all the expectation of big dumps after the halving because of the lack of moon reaching were wrong and i take it as a good sign when you see the stable price which means the demand is still there. so right is more possible in this situation.

It can't take just a week. At least a month before going over $650. Maybe in a week we'll see just a slight movement of the price falling down, but not going so much above the price it is. It goes down for a while (a few months) and then rises above what it is right now, but that will take months, if not years.

I wouldn't rely on analysis from media ,they want you to see what they want

That's right. A few weeks/months before Brexit, everyone said it's going to be a Leave vote. Two days before Brexit, 'new polls' and analysis showed that the Leave supporters will loose, so Brexit won't happen. That was incorrect. Soros told us that there will be no Brexit just before he bought gold, so why would he do it if he bought gold? Because he already had the information that it will. Nobody except the elites know what's happening to the currencies, and they do because they can control them in any moment they want, the way they want to.

I concur that we should not relies on analysts.
But triangle consolidation is neutral, price may go up or down once it break out.

I don't mind this current stability in the price. But yes, the market is waiting for something as there is no clear direction of where to go. My guess is if this takes a few days more, that some whales will start with dumping out of boredom. Can't see the price reach $800 this month. I of course hope it does, but chances are small.

i also want bitcoin price to become more stable.Right now halving has not effected it much.but i think it will increase slowly in the upcoming days.Yes 800$ this month is not possible according to me may be till end of August it will reach 800$

Huh?
BTC exchange volume: $84 mil/24hr, lowest I can remember. https://coinmarketcap.com/

Brexit, “bitcoin's coming out party as a global safe haven investment. Amazing." according to Barry Shillbert. Reality: Bitcoin price down over $100 on results. Talk about disappointment.

The Halvening pump is over.

U.S. stocks zoomed to their first record high in more than a year on Monday. http://money.cnn.com/2016/07/11/investing/stocks-record-high-dow-jones-sp-500/
So much for the "shit economy" backstory.

I stand behind my prediction:

We need to wait for a few more months. The bitcoin price is consolidating after the big rise in May and June.

I think this month we might see the price reach $700 as the highest point, but other than that there is not much special to expect in the coming weeks and months. I just hope for the price to go up slowly as that makes the chances higher of seeing it being maintained for a longer period.

Consolidating aka accepting new post halving reality. I heard this term many times recently because it is the only thing bitcoin price analysts are talking about
Bitcoin tried to hit the $680 mark yesterday and failed. I think that ~$660 price is new stable point. Maybe it is a good time to buy?

I`m seeing more of the global events and seeing where we are in the progress with the etf stuff.

The global events like turkey failing is whats making me more anxious towards bitcoin.

Bitcoin is back in the "who really knows" territory. The place it spends most of its time. Overall, I expect the price to increase, the questions being, how, when and by what amount.

That is a big question mark as no one knows what will be the price of bitcoin in coming days either it will be higher or lower but majority of community feel that price will rise in coming months.

Price of bitcoin seems stable nowadays at 650-680 USD. We cannot expect the halving effects to be felt so early, it has just passed a few days since it happened. I agree too that we need to wait a few months to see a price rise. I think this is still a nice time to buy bitcoin. Bitcoin price in the future should go up. It really seems like a calm before the storm. I see this happening in a few months.

Turkey falling apart, Brexit, Greece and similar countries strugglin' for survival, China economy falling apart.. This all just proves that no fiat is safe in the
long run, and that's where investment opportunities like bitcoin come to the rescue.
I expected a lot higher prices by this date, but it seams that we will have a delayed market reaction after all, because pressure is obviously rising.

Bitcoin price has been in a small 30 - 40 dollars range for over a Wei now, that is over 150 hours of trading, stuck in 640 and 690.
This is unusual, price is too calm. Expecting some break out soon.

This bus gonna cost 75.000 satoshis in the next 10 years  :P
Still neutral about the bitcoin price in the next days, i don't see/feel there will a huge movement right now but who knows  :)

yeah the price seems to be stuck in really big numbers, in my opinion it shows that the price has even more potential to go up right now and we will reach the new heights soon

Horribly drawn line art bus is free today.
Yeah, looks like both OP and I blew it & gonna ride the bus, I'll have a comfy seat tho, I'm only off by $73, he's off by $127  :P

Exactly and I think we need to have patience and should hold our coins very tight as it is expected that price will go higher in next couple of months, so holding is the best option.

I will look beyond the next several months. I think the bitcoin price will rise a lot in the next couple of decades.

That is true. The bitcoin price will rise faster than the number of the users, its growth ratio will be square.

the price has been going up and down regardless of the fact that the number of people adopting bitcoin is going up year on year. especially when you consider the power of certain groups/wealthy traders on the price.

Why everyone wish that storm, I'm satisfied with price now. Why can't we expect some stability in next few months?
I like when price go up, but stability attract me more, and in this moments I feel much safer. I see some predict price drop other price to go up, I would like to stay same for some time. Even if storm comes if we can maintain stability that will show how much btc is strong.

two reasons: they are either wishing to get rich over night or because it is going to happen since bitcoin is not yet really stable.

i wish that someday we can see this stability that you talk about and i agree that it will attract more real users that will see bitcoin as a currency not an investment but that day is only in the future, not now.

The bitcoin price will be very volatile in the next few years, as the price goes higher, it will be more stable.

Maybe no ones taken into consideration that for the next 2 years or so maybe bitcoin will just stay at around the price its currently at at the moment, It seems to have stayed pretty stable since the halving as for a matter of fact its barely budged. Maybe the next few years will be very boring price wise until we finally get close to the next halving and we finally get taken up to almost 1k per coin. Unlikley to go much higher than that to be honest. Weve reached the peak of price rises.

The trading volume of the two versions of the Ethereum is very high at the moment. That will divert funds from bitcoin.

800$ sounds like good prediction.
Maybe not in two weeks but I believe we will see that price in the future.

it's because the bitcoin prices not moving fastly and i can say,still quite stable,so the traders will get into ethereum,just see ethereum's price statistic,you'll get more chance to trading there rather than still holding on bitcoin and wait for the price increase

i think you are right, the price is stable right now and i think that it is going to grow pretty soon, in this way we will be able to make some good money though anything might happen to the price

We are likely to see a huge pump again because price of bitcoin been calm for more than month now. Even the recent dump couldn't make price to fall below 650$ so we may now see a huge pump like a storm after a calm...lol

I agree with that. Similar stability happend 3 to 6 months ago and the price rose quite a lot after that.

people will understand (before the end) thaht fractionnal reserve banking ... is bankster after all.
they steal money in your pocket since 1900 (or 1973 ? http://www.zerohedge.com/news/2016-06-05/case-super-glass-steagall ).

http://imagizer.imageshack.us/a/img921/218/bty1Fm.jpg

It's like they say, living and learning. The market teaches every day.

That was the time when people started to speculate about the block halving. I think every bit of price increase was related to people accumulating as many coins as possible for the upcoming block halving. Right now there is not much that people look forward to. Will be interesting to see how long this calmth will last.

The calm will probably last for a little while still, I don't think anyone will want to do anything with the value until all the traders start doing everything again in September. If anyone starts to trade earlier than that it probably won't mean much for the value of Bitcoin, and chances are there will be a lot of small fluctuations before anything happens for real. I'm just waiting for the market to decide whether or not it wants to go up or down, and whether or not those movements create a bubble or destroy Bitcoin. I'm thinking that it'll more than likely be a bubble coming up.

Well 2.5 weeks later it seems my prediction was wrong.

We did see a small surge that pushed the price through $680 but it ran out of steam, and we've been bouncing around the $650 level ever since.

However, the price stability and strong support at this price is welcome and refreshing.

I think the bitcoin price will be around $660 in the next few weeks until one of the Ethereum is dead.

This long term stability push the price to $700 within few weeks and within months it will hit high, dragging ethereum and other alternatives down.

In recent days, the price had significant resistance in the $ 655 level. Apparently it's consolidating around this value.

Nope. Just going down further. Don't hold onto illusions.

You have been saying the exact same thing when the price reached the $400 level, remember? While you have been advicing people to sell their coins as we were heading towards the $200's according to you, you must look at the current price.... Just admit that you have been wrong.

 After nice weather, storm comes and make chaos on the market. When storm passes, nice weather comes again. Its like that for years with bitcoins as I can notice.

 Can someone tell me how much can bitcoin rise in future, is there end?  Like 5000 dollars and that is what people wait, or bitcoin can worth much more? How can we know, I'm very confused how price go up or down so fast and often.

I think in this week or two we will not see any bigger change maybe it will reach to $680 or $690 it the price started to increase, but a regular increase will start after august, at that time I hope that the buyers will increase and with the increased demand the price of bitcoin will also increase.

Just because a conman is successful at pulling of his scam doesn't mean it's not a scam set up to fail/get exposed eventually.

Bitcoin is fundamentally flawed and can't work as it doesn't scale nor offers any usable anonymity.
Worse, everybody ignores this and don't care to fix it.

The scalability factor will get fixed sooner or later.
There are plenty of alts which offer superior privacy and are scalable, but still Bitcoin is miles ahead of them in terms of valuation.

Everything will get taken care of eventually, I'm sure of that. Also, people know Bitcoin isn't anonymous and are fine with that as there are mixers to do the work for them.

That should be fixed in July. But today is already August 1st. So it might be delayed for a few more years.

yeah, the price is going to grow a lot pretty soon, i think that the price is calm right now, soon bitcoin will be big

The bitcoin price is consolidating at the moment. It might stay at the current levels for the next few weeks.

The storm just happened. It seems the Bitfinex security was breached. The bitcoin price dropped a lot.

I think it could be a good time to buy the bitcoin as the price is low and it is just due to an exchange hack.

i think your assumption of bitcoins price or rate that is about 800$ per btc is not wrong .
since no one can predict wheter the price can rise or fall but here it is to be noticed that the average rate of bitcoins are around 400-600$ this rate can change from below to above or above to below .
change of btc is mainly may be due to halving . halving shows its effect at the bit coin rates even about after one to two month .
so overall there is chance to increase the price about 800$/ btc
since this time the rate decreased so i am waiting for down more and then i will buy

The bitcoin price dropped to below $600 due to the Bitfinex hack. Other exchanges are fine, so the price will recover.