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Title: Predictions for the next "bubble"? Post by: thefunkybits on February 09, 2014, 09:48:14 PM My Prediction:
We will see another "bubble" or exponential run up sometime in June. This move will bring us to $3000-$5000 BTC The reason for my prediction and exact timing of June is due to the fractal nature of BTC adoption and price. From $32-$266 took roughly 10 months, from $266-$1200 took roughly 8 months. I'm predicting a 6 month period from the December peak price to the next peak price Title: Re: Predictions for the next "bubble"? Post by: TERA on February 09, 2014, 11:56:52 PM My Prediction: I drew the conclusion of June-July also. I did it by drawing a line on the log chart aligning with the bull trend that ran from July into August and which stretches all the way back to the inception of Bitcoin. So this is the most likely trend to follow and the most likely breakout date. However, it will only hold if the United States embraces bitcoin and officially recognizes it as a legal enterprise.We will see another "bubble" or exponential run up sometime in June. This move will bring us to $3000-$5000 BTC The reason for my prediction and exact timing of June is due to the fractal nature of BTC adoption and price. From $32-$266 took roughly 10 months, from $266-$1200 took roughly 8 months. I'm predicting a 6 month period from the December peak price to the next peak price The magnitude of the breakout ("bubble") might turn out being less than your predictions, however, as the market matures and enters into a more stable uptrend with less volatility and no subsequent crash as it becomes dominated by professional firms and market makers. There might not be a bubble, but simply a slow uptrend. Title: Re: Predictions for the next "bubble"? Post by: meanig on February 10, 2014, 12:03:41 AM My prediction is around March, that's when Greece runs out of cash again and needs extra funding from the Troika (EU, ECB and IMF). The Germans have said that any country looking for help will have to tap their citizens for cash first so I expect a bail-in. You all know what happened to Bitcoin after the Cypriot bail-in.
Title: Re: Predictions for the next "bubble"? Post by: thefunkybits on February 10, 2014, 12:34:09 AM The magnitude of the breakout ("bubble") might turn out being less than your predictions, however, as the market matures and enters into a more stable uptrend with less volatility and no subsequent crash as it becomes dominated by professional firms and market makers. There might not be a bubble, but simply a slow uptrend. I agree that the next push should not be as much % wise as the last, it might even be a little disappointing. However, I believe that the next "bubble" will put us at the elbow of the S curve. After a short correction there could be an extreme spike upwards to $25-100K as BTC starts to become adopted globally and as people start to catch on that it isn't a worthless bubble. Anyone buying BTC under $1000 is an early adopter imo Title: Re: Predictions for the next "bubble"? Post by: sloozy8 on February 10, 2014, 12:38:48 AM The magnitude of the breakout ("bubble") might turn out being less than your predictions, however, as the market matures and enters into a more stable uptrend with less volatility and no subsequent crash as it becomes dominated by professional firms and market makers. There might not be a bubble, but simply a slow uptrend. I agree that the next push should not be as much % wise as the last, it might even be a little disappointing. However, I believe that the next "bubble" will put us at the elbow of the S curve. After a short correction there could be an extreme spike upwards to $25-100K as BTC starts to become adopted globally and as people start to catch on that it isn't a worthless bubble. Anyone buying BTC under $1000 is an early adopter imo Yea! I'm in. Hopefully, we can buy some more btc as the price falls from the gox issue. I was worried that we were not going to get in under 1000. On Monday, the price might drop some more....but not too much. |