I think we are over focusing on the current price - we know at the top most of it is speculation but if you look at the bottom the story is still very bullish if you are slowly buying a little regularly at the daily price. below are 2 charts. they track the lowest price in a year from 2012. the first assumes the $177 2015 bottom will prove to be a genuine bottom. the second that if big whales has not intervened it would have gone to $60. I have made factors that are not very mathematically good but work crudely enough to be useful for me. they show that 1. if $60 was the bottom and I buy now at $270 the bottom in 2017 will still be higher (at $360) and even in 2016 the bottom will still be quite good (at $146). 2. if $177 was the true bottom then buying now at $270 the bottom may be way higher (at $626) in one year (2016) I see those numbers as very bullish compared to other things people can invest in (shares etc) as well as supporting the idea of bitcoin. Year Expected Lowest price Factor Actual Minus is underestimation 2012 $4 $4 2013 $14 3.537 $13 8.83% 2014 $50 3.537 $302 -83.43% 2015 $177 3.537 $177 0.00% 2016 $626 3.537 2017 $2,214 Year Expected Lowest price Factor Actual Minus is Underestimation 2012 $4 $4 2013 $10 2.46 $13 -24.31% 2014 $24 2.46 $302 -91.98% 2015 $60 2.46 $60 -0.75% 2016 $146 2.46 2017 $360 2.46 I've been buying bitcoins regularly and on an ongoing basis, but my average buyin price is still near $500... hahahhaha... gonna take a while before I am in the black... I like the idea of $600 coins in 2016 or $2,200 coins in 2017, but the idea of $360 coins in 2017 would NOT be so helpful. to my psychology... but I suppose, even that reflects btc prices continuing to increase in value from today's price. |
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Will go down for multiple days imo.
I've been around long enough to recognise the patterns.
There is NO real pattern, here. BTC price movements are reflective of a variety of factors, including sentiment and up and down pressures. This moment is NOT really a product of any specific pattern because we have NOT been to this moment in history previously. The pattern is the magic number $266. We might be stuck here for a while if nothing pushes it up quickly. I kind of feel stuck too, but really, I have my doubts that we have a pattern, exactly because every point in history is different, and we have different market dynamics now, as compared with early 2015, when we were also stuck in the mid $200s... Surely, I would like BTC prices to break out of this zone... but it may be a bit of a stretch to call our current price situation a pattern because it is very difficult to predict short-term future prices. On the other hand, I think that it would be fair to say that there has been considerable downward price pressure in the last 18 months and in the past 6 months, there has been considerable difficulties to get BTC prices to stay below $220 for any sustainable period of time. In this regard, it seems that there is more likely to be upward price pressures in the future... even though it remains possible that prices could be in the $200s territory for another 6-12 months.... I'm getting the sense that we are NOT going to have to wait 6-12 months for BTC prices to move into the $300s and to largely stay above $300. |
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Will go down for multiple days imo.
I've been around long enough to recognise the patterns.
There is NO real pattern, here. BTC price movements are reflective of a variety of factors, including sentiment and up and down pressures. This moment is NOT really a product of any specific pattern because we have NOT been to this moment in history previously. |
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Anybody worried about this yet?  Thanks flat earth 1MB maxblocksize aficionados! Nah...  A Peer-to-Peer Electronic Cash System* * A limit of less than three transactions per second occurring on planet earth may apply.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
Can someone please explain this to Gavin and the other "Scientists"? I have a sense that Gavin and some of the other like minded scientist are attempting to discuss bitcoin by use of less disruptive terms in order that BTC seems less threatening to the status quo. |
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Dude, there is something you must learn and know as you know your name and birthday.
I don't take f***ing orders, I do what I want when I want and in the style and way that suites me.
LOL ... I MUST learn the YOU don't take orders - see the irony in that !! And it was i request ... note the 'please' ... not an order  Well, for your LOLing, I will not snip my quotes. So, either you hit your head in the nearest wall, or ignore me, simple Agreed.. Snipping quotes doesn't matter and it totally and unequivically up to the poster whether or NOT and to what extent to snip.  |
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yeah....i doubt it she said "u want another pump..." " obv yea  " i said here we go  Nope, don't post chick pix at this crucial point. Dudes need rational means of buyin rather that your shit. Chicks are great but not til after 300$ 0r $1k. That's right I said it.   no more chicks That is gross |
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July 2015 will be remembered as one of the darkest financial months ever. Greece are being made an example of for a few reasons and once they leave euro i think the IMF will turn to the rest of europe and try too make us pay. New laws will be passed on all of us by the unelected IMF.
"September 27th – The United Nations is going to launch a brand new sustainable development agenda for the entire planet. Some have called this “Agenda 21 on steroids”. But this new agenda is not just about the environment. It also includes provisions regarding economics, agriculture, education and gender equality( bill gates will be involved, eugenics, monsanto ). On September 25th, the Pope will travel to New York to give a major speech kicking off the UN conference where this new agenda will be unveiled."
With Jadehelm kicking off in around two weeks, usa military is getting prepared for some big changes which could lead to a world-wide revolution against the shady scams of imf and the corporations they work with.
Someone asked me a few days ago why do i think BTC will go up in July, its because the smart money will be coming to crypto and precious metals. People think Cyprus was a one off when banks took 40% of peoples savings, now its time for a bigger country. Once Greece is dealt with more countries will face the same situation one by one until the imf own all assests from each country.
Anon crypto will go up in price, doesnt matter what coin, as long as its untraceable it will become valuable.
This sounds like a decent theory... but we have NOT seen a whole hell of a lot of upward movement in BTC prices yet... Im thinking that if BTC prices could get into the upper $200s for a few weeks and then stay there without dropping back below $260, then maybe creep into the $300s... then possibly, some of the masses will begin to see the upward momentum of BTC... .. Surely, also if big money begins to recognize BTC as a decent hedge and or value appreciation mechanism, then that should NOT hurt either... |
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maybe we need a new poll to attempt to capture this sentiment....
new poll! hahahahaha Thanks Adam. |
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Yea its going down too bounce 230
Yes..... maybe we need a new poll to attempt to capture this sentiment.... Even though it seems as if polls, within this thread seem to tend towards the polar ends rather than towards reason. My sense at the moment is that prices are going to bounce off of $240 rather than bouncing off of $230... but what the fuck do I know? In about the past 18 months, I have gotten quite a bit wrong in bitcoin related to short term BTC prices, and I would have thought that the $200s was just NOT sustainable for such an extended period as we have experienced for more than 6 months now... , and based on the totality of circumstances, I would have surmised that current btc prices would have been floating around in the $600 to $1000 arena.... etc etc etc... Actually, I am kind of of the theory that the recent and prolonged good run of the dollar has contributed to causing BTC prices to remain somewhat suppressed in its current price doldrums. |
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Funny thing is during all this accumulation period its just the top 1% of btc owners that are increasing their supply. All the fud, trolls, negativity, etc..., is there too keep the average Joe scared to buy until its too late. Only the real risk takers are fearless enough to keep buying during this downtrend.
Alley, I think that you are correct in some sense that a lot of regular people are being scared away from buying BTC... HOWEVER, I also believe that the news about BTC is getting out in several areas around the world, in places such as Venezuela or Argentina or Greece, in which people are scared to keep their money in the local currency... and some of those people are learning about BTC as a place to put money and to retain some value and to retain some liquidity |
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we need the last true believers to sell at the lowest possible price point. paging u norway & lfc
Patience, the lowest possible price point is nowhere near. Give it several months, then page them when crashing to double digits. illusional bears have to get rekt as well so don't feel to comfortable. while you will wait for your double digits it will cross 1200 within days. I do get the sense that at some point BTC prices will cross the $1,200 per BTC point.... and also it's days below $200 or certainly limited, if NOT completely eliminated.... - however, I also get the sense that it is going to take a while to get to any kind of $1,200 per BTC price point... possibly another year, or so... In this regard, we can see bears and other nervous BTC investors taking profits at various points, as BTC prices rise... in that regard, it seems difficult to obtain upward explosions in price, as had been the case in the several previous BTC price bubbles. |
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I've got this strange feeling we'll go up when we least expect it.  the image shows all the true Yeah, I was wondering the same thing about possible price directions.. |
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Are we stuck in the $240s?
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Yea I'm in USD.  I'm very hesitant about buying into a pump. Really? We've had months upon months to load up and now, when the train is leaving, you have no tickets? What have you been doing last six months? He's waiting for double digits? Yep... a strange philosophy to be in USD at this point.. and then waiting for the price to go lower.... at some point a person has to get in... especially if you look at the past six months and even looking at the past 6 years of BTC price performance.. and future prospects. The fact of the matter, is that in the past 6 months, there have been continued attempts to bring BTC prices below $200 , and largely without success, except for a brief period in mid January... it just does not seem likely to go much lower.. .. sure it is possible we could dip back into the $220s and even lower $220s, but really, it seems that BTC prices are back in the upward direction, and these days maybe lucky to get in around mid $230s... ? |
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I think the greed is back. Whales can make money in either direction.... ... I am hoping that the greed will come in the upward direction of BTC prices... just for a bit of a change, over the trend of the past 19 months.... aren't we finally ready for some greed in the upward price direction? Haven't a large majority of the "weak hands" been broken? |
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why bitcoin rise?  any idea? This guy, Mr. Kavasaki... asks some of the dumbest questions that I have ever seen... but surely, a trolling style to provoke responses..... Actually, I believe NO one really knows why BTC prices go up or go down.. and it seems to be a momentum thing to some extent... certainly, there is enough big money involved in bitcoin, that if there were a will, there could easily be a 5x increase in prices... whether sustainable at that 5x increase, may be another story. |
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GO BTC!!!!!!! I'm rooting for you.
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Chinese summer buying panic.
How you are sure about this ? Usually, panic does NOT happen in the summer, panic is a fall and/or winter phenomenon, no? |
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Is this definite? Good news if true, I sense a slight (very slight) change in the bitcoin atmosphere lately, negative news seems to be subsiding. We seem to be beginning to see a change in sentiment, positive news has begun to seep in. The price is up, admittedly only a few dollars but I have a feeling (I may be wrong) that things are on the up, would be nice to get over 240 by the end of the coming week, maybe even 250 as a semi realistic target. Doesn't look like we're going to go sub 200 after all. LFC - you took the words right out of my mouth.... That is almost exactly what I am thinking.... |
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For the sake of public record and timestamping. 6/14/2015. Prediction: Buy Bitcoins right now at $235. 5x in 40 days.
It's a work in progress theory. Could be totally wrong. We'll see.
Yeah.... that wishful thinking could be totally wrong. Surely 5x is easily doable in that amount of time; however, since bitcoin prices have been so stagnant in the $200s arena for more than 6 months, absent some kind of world currency collapse or some other major upheaval to world financial markets, it seems to be a fairly big long shot to get a 5x upward movement in BTC prices in the next several months.... Maybe I am jaded? I would be interested in seeing $300 and then $400 though in the coming weeks, and then maybe I would become a little more optimistic regarding bitcoin price direction. |
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