NeuroticFish
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April 07, 2015, 03:42:55 PM |
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people who sell at $2000 will be shocked when we hit $15000
While bitcoin is not able to break the 300$ barrier, dreaming of 2000$ and 15000$ is.. lovely ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But my guts tell me that (though not impossible to reach!) those figures will still wait quite a few more months.
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Meuh6879
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April 07, 2015, 03:44:43 PM |
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While bitcoin is not able to break the 300$ barrier, dreaming of 2000$ and 15000$ is.. lovely ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) guess what, if 1 unique country (ireland, island) convert 50% of his currency to use a "stable" value ... but if they can't buy gold (because of the russia and china buyers) ? they choose bitcoin instead.
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ensurance982
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April 07, 2015, 03:50:11 PM |
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people who sell at $2000 will be shocked when we hit $15000
While bitcoin is not able to break the 300$ barrier, dreaming of 2000$ and 15000$ is.. lovely ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But my guts tell me that (though not impossible to reach!) those figures will still wait quite a few more months. You do realize that we're in a phase of finding the true bottom and are struggling to achieve a breakout off the 15-month bear market(!!!) If the turnaround has been confirmed, we will go up. Big time.
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Amph
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April 07, 2015, 03:50:53 PM |
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people who sell at $2000 will be shocked when we hit $15000
While bitcoin is not able to break the 300$ barrier, dreaming of 2000$ and 15000$ is.. lovely ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But my guts tell me that (though not impossible to reach!) those figures will still wait quite a few more months. they said the same thing before the 1200 peak, bitcoin was stuck at 100 dollars, then boom, 1200 in a few moments x12 increase, 15k i might agree that it is out of range for now but 2k is achievable
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ensurance982
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April 07, 2015, 03:54:41 PM |
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people who sell at $2000 will be shocked when we hit $15000
While bitcoin is not able to break the 300$ barrier, dreaming of 2000$ and 15000$ is.. lovely ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But my guts tell me that (though not impossible to reach!) those figures will still wait quite a few more months. they said the same thing before the 1200 peak, bitcoin was stuck at 100 dollars, then boom, 1200 in a few moments x12 increase, 15k i might agree that it is out of range for now but 2k is achievable Careful, people will tell you that this was due to the Willy and Markus bots by Gox. Could be, could not be. That being said, even if we factor out both bubbles of 2013, we're not back on the long-term exponential curve.
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NeuroticFish
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April 07, 2015, 03:59:54 PM |
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While bitcoin is not able to break the 300$ barrier, dreaming of 2000$ and 15000$ is.. lovely ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) guess what, if 1 unique country (ireland, island) convert 50% of his currency to use a "stable" value ... but if they can't buy gold (because of the russia and china buyers) ? they choose bitcoin instead. A government will not give up printed money that easy. Ukraine, Greece - yes, there's a tiny chance there. The only real luck can be with China, which will buy any possible means of assets possible, Bitcoin included. But they may be already "full". You do realize that we're in a phase of finding the true bottom and are struggling to achieve a breakout off the 15-month bear market(!!!) If the turnaround has been confirmed, we will go up. Big time.
Yes. We may be close to the true bottom or we may have reached it and now being in the "stable" area. But the stable area needs some time the investors gain trust in Bitcoin again after some got goxxed big time. And the stable area may not be breached (upwards) this year.
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uki
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April 07, 2015, 04:01:09 PM |
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Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...
ok, but wait a second. The same people waiting on the sidelines are reading every day the news about another exchange biting the dust. I wouldn't over-estimate the number of people who want to get into Bitcoin, just based on (the sentiment on) this forum. But in the end I agree, Bitcoin has big potential for the upside, provided all the 'smoke news' about the ETF materialise. Then it can go quite quickly.
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Hyena
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April 07, 2015, 04:01:49 PM |
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You do realize that we're in a phase of finding the true bottom and are struggling to achieve a breakout off the 15-month bear market(!!!) If the turnaround has been confirmed, we will go up. Big time.
The bottom is in at 152$, trust me. At least 2 people have confirmed it as this number appeared in their dreams prior to the actual manifestation of the bottom itself.
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futureofbitcoin
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April 07, 2015, 04:04:27 PM |
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You do realize that we're in a phase of finding the true bottom and are struggling to achieve a breakout off the 15-month bear market(!!!) If the turnaround has been confirmed, we will go up. Big time.
The bottom is in at 152$, trust me. At least 2 people have confirmed it as this number appeared in their dreams prior to the actual manifestation of the bottom itself. Oh my god thank you so much! I have never seen such concrete and unarguable proofs in my life! This is without a doubt the truth.
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NeuroticFish
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April 07, 2015, 04:10:45 PM |
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The bottom is in at 152$, trust me. At least 2 people have confirmed it as this number appeared in their dreams prior to the actual manifestation of the bottom itself.
Most subtle trolling I've read in the last week here. Great job! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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ensurance982
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April 07, 2015, 04:32:31 PM |
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Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...
ok, but wait a second. The same people waiting on the sidelines are reading every day the news about another exchange biting the dust. I wouldn't over-estimate the number of people who want to get into Bitcoin, just based on (the sentiment on) this forum. But in the end I agree, Bitcoin has big potential for the upside, provided all the 'smoke news' about the ETF materialise. Then it can go quite quickly. Still there are enough people who are willing to invest in this risky asset (obviously). With better ETFs and investment vehicles, investors on Wall Street may be very willing to give our little golden coin a shot!
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randy8777
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April 07, 2015, 04:45:12 PM |
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Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...
what's the point of waiting when you can enter now at $250 instead of buying bitcoin once a bubble is in the making. people will end up buying at much higher price. best is buy now and be ready for it once it happens.
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dothebeats
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April 07, 2015, 04:54:27 PM |
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Just a theory, but I have a gut feeling that if we witness another bubble cycle, the majority of traders will underestimate the peak, possibly by a significant amount.
Why?
IMO the last two bubbles were nothing in the grand scheme of things. Even in the runup to 1200 USD, I would have guessed that maybe 1 in 10 people would have heard of Bitcoin. I think that figure could well be closer to 5 in 10 by now.
We have the two largest stock exchanges (NYSE, NASDAQ) giving credibility to the technology, and people seem to be educating themselves more so than they would have tended to a few years back
We will hopefully have the BIT providing access for institutional investment.
Wall street want their slice of the pie. But the pie is too small right now. So they're gonna have to make it bigger.
Why not load up now, drive the price to tens of thousands of dollars, and then cash out for ridiculous profits before repeating the whole thing.
This wouldn't even be market manipulation - simply buying an asset deemed to be undervalued, and then selling at profit. Natural market forces would drive the bubble thus nobody could be accused of manipulation, and it would be very easy money.
Am I missing something, or is this whole thing a lot more simple than most people are willing to believe?
A nice insight. During the ath at Nov. 2013, only a few people all over the world knew about this bitcoin thing. When the price skyrocketed, many people--particularly those who thought of bitcoin as a legitimate 'get-rich-quick' scheme'--entered the scene and thus add to the buying and selling force. Some who faced losses in buying bitcoins left the markets, but most of them don't, and stayed. The point is there are more users who might add up to the buying force in the market once another bubble occurs. If the Wall Street and other major players in the economic scene invested in bitcoin, then people who are looking for an opportunity to get some hefty profit may (or may not) invest into bitcoins as well. Seeing that most of the major financial institutions are also invested, they might feel safe in having this investment. As a result, the graphs will see a horizontal uptrend, but no one will be accused of manipulation because, well, there are many people who are willing to buy bitcoins at any given price. The bubble could explode any time, but the cycle could be easily repeated because there are many people who might support the next bubble. Well if another bubble will happen, I can at least say that it will be bigger this time, given that the exposure bitcoin gained over the past years is higher compared to what it had om 2009-2013.
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dothebeats
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April 07, 2015, 05:00:22 PM |
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Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...
what's the point of waiting when you can enter now at $250 instead of buying bitcoin once a bubble is in the making. people will end up buying at much higher price. best is buy now and be ready for it once it happens. Apparently, there aren't many people in this world that believes in bitcoin's potential. As history is stating, the majority of the people in the world tend to follow their "leaders" and those people who are deemed as their "model", same as to what is happening in the financial and economic sector. Most people wouldn't risk their money if they do not have enough knowledge and the guts to take the risks and accept losses whenever they fail. They tend to follow a successful man rather than shape their own future. And guess who are the successful entities that I'm talking about? They are the risk-takers. Bitcoin has a lot of potential; it's just that people aren't seeing it, still sticking to fiat and believing that it could do them good. But once the "successful ones" entered the bitcoin scheme, majority of the people who wants to be successful will soon follow their footsteps.
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uki
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April 07, 2015, 05:14:12 PM |
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Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...
ok, but wait a second. The same people waiting on the sidelines are reading every day the news about another exchange biting the dust. I wouldn't over-estimate the number of people who want to get into Bitcoin, just based on (the sentiment on) this forum. But in the end I agree, Bitcoin has big potential for the upside, provided all the 'smoke news' about the ETF materialise. Then it can go quite quickly. Still there are enough people who are willing to invest in this risky asset (obviously). With better ETFs and investment vehicles, investors on Wall Street may be very willing to give our little golden coin a shot! Agree, but that may happen only after ETF really materialise, that is... when? Well, to me it looks that we will see a lot of positive events and developments shortly before the next halving event. That is, more or less one year from now.
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mrhelpful
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April 07, 2015, 05:59:40 PM |
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It would surprise me if the ETf does finally go through and gets accepted on SEC. Most have been waiting for that announcement back in 2013 though.. and its been like 3 years now.
Although I`ll be more intrigued, if the movement of the price goes like $700 price mark.
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ensurance982
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April 07, 2015, 06:02:02 PM |
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Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...
what's the point of waiting when you can enter now at $250 instead of buying bitcoin once a bubble is in the making. people will end up buying at much higher price. best is buy now and be ready for it once it happens. Isn't it obvious? Right now we keep on pushing agains the long-term bear-market-resistance. As long as we stay below that line, we're going down. As soon as we break out of that trend: Party time. Buying now is more risky than buying at $350. Way more, in my opinion.
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ensurance982
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April 07, 2015, 06:03:39 PM |
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Yeah, I think one of the biggest advantages we now have may be the sheer mass of people with a lot of money lying around watching Bitcoin to see if it bubbles again at some point. If it does, they will enter. Just wait for a trend-reversal...
ok, but wait a second. The same people waiting on the sidelines are reading every day the news about another exchange biting the dust. I wouldn't over-estimate the number of people who want to get into Bitcoin, just based on (the sentiment on) this forum. But in the end I agree, Bitcoin has big potential for the upside, provided all the 'smoke news' about the ETF materialise. Then it can go quite quickly. Still there are enough people who are willing to invest in this risky asset (obviously). With better ETFs and investment vehicles, investors on Wall Street may be very willing to give our little golden coin a shot! Agree, but that may happen only after ETF really materialise, that is... when? Well, to me it looks that we will see a lot of positive events and developments shortly before the next halving event. That is, more or less one year from now. The halving will be very good for the price, that's a given. I don't know really how much it will push the price up, but it's good to see the supply go down. More ETFs will materialize, don't worry ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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manselr
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April 07, 2015, 06:14:34 PM |
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Once everyone who wants a slice of the Bitcoin pie buys at these price levels, hold onto your hats. Because once there's nothing left to sell, price goes up.
There will be something to sell, it has to, otherwise bitcoin wouldn't work... bitcoin is infinitely divisble, what will happen is smaller amounts will get sold by a lot more price.
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