Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.
That's what I thought after the first bubble in 2011. God I was wrong... Except BTC did not get any major exposure until this past one. Even the after $266 bubble, not many knew much about it. That $266 bubble came and went almost too quickly. It wasn't until $1000+ that things got really crazy, and then the adoption followed. By now everyone has heard of Bitcoin. Everyone. The only way I can see $3500 happening at this point is if the market goes stagnant for about 3 years, while Bitcoin continues on, so that everyone involved in 2014 and right now just forgets about it and are no longer involved and won't have any BTC to dump into the rise. I would love to be wrong though and see something happen much sooner. It wont take 3 years. It will be around when the next block reward happens. So, mid to late 2016.
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Definitely headed under 225, maybe 200 is the bottom? Hope so. I get paid in a few days and i'm bored of this bear market.
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Yeah, I think it can breach the $3000 mark quite easily. And I expect it to hit there by April 2015. It is based on behavior of whales, and not on any price analysis.
The market has become extremely volatile and it is quite possible to cross $3000 as well as to hit $200. But the chances are it will cross the former before going for another huge crash to probably $100 and then the cycle goes on...
Markets moves will be highly unexpected. Be it up or down.
If it happens it will be more like $230 > $4500 > $900 then block reward hits and we go to $10k+
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Thank you, noob. I'm very near to achieve my goal of 210 BTC. Keep on crying, wimp
That's a really nice amount! Congrats!
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Is there a daily XMR withdrawal limit on Poloniex?
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Bear market will last till April 2015 according to DanV.
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344 BTC? Yeah why not? Buy Low, Sell high.
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I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club That's 18k XMR? 18.6k. But it gets harder to attain the more that I donate to XMR projects and I also have a Cryptokingdom habit. I could afford that. It's tough to part ways that many BTC tho. I have around 4k xmr
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I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club That's 18k XMR?
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Each order of magnitude price increase requires order of magnitude more buyers, right?
What reasons are there to believe there are that many more?
It's not the number of buyers. It's How MUCH buying power they have. Next wave will be financial institutions and private corporations. See: http://www.coindesk.com/wedbush-investment-buttercoin/ for example. (I also have friends at Goldman Sachs and other institutions and they are all taking Bitcoin seriously - even training their private equity managers on it) The next order magnitude after that will be governments: See: http://monetas.net/why-central-banks-will-race-to-adopt-the-blockchain/ as to why.
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I have a question... What about the $31.9099 high in 2011 from Gox? It's what happened before the $1.994 low (2.22 on stamp) in January 2012. I know it's not on any stamp chart, but it still exists and it's unaccounted for. Good question. Anyone here have any thoughts on that?
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We will probably see a flat correction here before a bit more down. Do not despair of this bearish price action. So this is not an ending diagonal fifth, and it is not impulsive in the medium term picture - which can only be good for bulls longer term. This is consistent with a count of DanV that I posted a few moths ago now, that larger wave C is an ending diagonal. Not unlike tooty frooties chart published above. https://www.tradingview.com/v/A1mFwkEG/I am confident as I have been since this thread began that we will bottom above $200. Wave V is reaching a conclusion no matter which way you look at it. It is only a couple of months before the next rally begins that will take us easily to $700 and possibly to a new ATH. Any thoughts on this analysis? : https://www.tradingview.com/v/wKC6VHKi/
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I bought in before the November '13 bubble, so I've seen lower prices. I am not selling because I believe bitcoin should be and probably is the future. I'm not trading because I lack the experience, and don't feel this market is the best to start with.
But still, it feels hard to hold! For those around for a longer time, was the sentiment ever like this?
Agreed. How many coins are you up to now?
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I guess I'm the only one that sees the pattern for the timing of this bear trap. It's just too perfect.
What do you mean? Traders selling at the end of Wave 5 - epic bear trap as move up from the bottom?
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Between $700 - $1100 in the end of 2015 Maybe this year another big companies will accept bitcoin too I agree only with a bubble to $5k in between.
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New ATH in 2015 around $5500
That would be truly awesome, could you name some reasons why you believe this is going to happen? If this really holds true, I believe it will happen due to pure speculation and the typical increase of media attention at some point, followed by a new influx of money. Heavily manipulated market. Lots of newbie selling low into strong hands. In order for Bitcoin to prove to the world how resilient it is we need to head into the low $200's - perhaps lower. Then rebound with great strength to around $5000. Anyone who sold or made fun of Bitcoin in 2014 will look like a fool. This same exact thing happened in during the bubble/crash of 2011-2012
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