Are you bullish or bearish right now?

[minerpumpkin]

The similarity there is staggering. I have never compared these two graphs before.

Keep in mind that this is in no way a guarantee or anything that proves or makes it more probable that Bitcoin is going to perform in a (even remotely) similar way! It merely shows that assets may perform bad over a certain timeframe and return to performing well again. Humans love to look for and find patterns and fractals in everything - especially charts!

[rjclarke2000]

The similarity there is staggering. I have never compared these two graphs before.

Keep in mind that this is in no way a guarantee or anything that proves or makes it more probable that Bitcoin is going to perform in a (even remotely) similar way! It merely shows that assets may perform bad over a certain timeframe and return to performing well again. Humans love to look for and find patterns and fractals in everything - especially charts!

This is a fair comment. I have seen many a YouTube vid on Elliott wave, predictions etc and they rarely come true.

Market manipulation, world events and human nature + many more factors take place to ruin predictions.

[ensurance982]

Just vote on the poll and maybe add a comment why.

I voted for yes i am bullish because we have to remember the amount of investments that has gone into this recently it has not reflected in the price at all as far as i am aware because of the manipulation, but i am pretty sure before long we will see it break out. User adoption rising and  i am just an all around positive person, so that reflects my vote.. 

All VC investments won't do anything for price within the next two or three years. All they do is help building an infrastructure that may be very useful in a few years. Don't get me wrong, this is very very important and a very positive thing but it won't affect the price at all for the time being.

The price will be definitely making a move and likely a major move during your time frame and I would proffer that the upgrades in infrastructure will be contributing underlying sentiments that help fuel the good times. We are way undervalued for current times, it's just that big dogs are buying time for their associates to build their stash and let the upcoming institutional tools to kick off the next run. At least that's what I think, to each their own.

Yeah, that's a valid hypothesis. I think it can't be really proven, but it may hold true. In my books, even if the VC fundings don't do anything to fuel the price directly, they certainly won't hurt Bitcoin's future development. We need innovation, we need new products and services, we basically need an incentive for people to go and use BTC. And with the underlying technology and services improving, this gets more and more likely.

[tokeweed]

Just vote on the poll and maybe add a comment why.

I voted for yes i am bullish because we have to remember the amount of investments that has gone into this recently it has not reflected in the price at all as far as i am aware because of the manipulation, but i am pretty sure before long we will see it break out. User adoption rising and  i am just an all around positive person, so that reflects my vote.. 

All VC investments won't do anything for price within the next two or three years. All they do is help building an infrastructure that may be very useful in a few years. Don't get me wrong, this is very very important and a very positive thing but it won't affect the price at all for the time being.

The price will be definitely making a move and likely a major move during your time frame and I would proffer that the upgrades in infrastructure will be contributing underlying sentiments that help fuel the good times. We are way undervalued for current times, it's just that big dogs are buying time for their associates to build their stash and let the upcoming institutional tools to kick off the next run. At least that's what I think, to each their own.

Yeah, that's a valid hypothesis. I think it can't be really proven, but it may hold true. In my books, even if the VC fundings don't do anything to fuel the price directly, they certainly won't hurt Bitcoin's future development. We need innovation, we need new products and services, we basically need an incentive for people to go and use BTC. And with the underlying technology and services improving, this gets more and more likely.

Close the loop.  You want people to spend in BTC?  They should be earning in BTC.

[d5000]

I am slightly bullish. Price has not moved near the recent low of $150 and $200 seems to hold. But I expect a long sideways movement until late 2015, where surely some of the speculators will leave the boat. But I think there is a great possibility that genuine use will slowly increase and so the "usage/speculation" ratio will go up.

[BTCat]

Howcome so suddenly the poll got more bullish votes, bears were in the lead.
Probably someone uses his altaccounts to manipulate.

[Stargazer]

Bullish of course. The price is still staying between $200 and $300 and not going lower. With the coming licences and halving in the future there's no reason to sell and wait for it to go lower.

Howcome so suddenly the poll got more bullish votes, bears were in the lead.
Probably someone uses his altaccounts to manipulate.

Why do you suspect bulls of manipulation but not the bears? Maybe the bears run out of their accounts and allowed the rest to catch up.

[BTCat]

Why do you suspect bulls of manipulation but not the bears? Maybe the bears run out of their accounts and allowed the rest to catch up.

Because since yesterday the bulls suddenly got 30 extra votes, the amount is not in line with the trend (amount of votes per day) since the start of the vote. Also no extra (bullish) posts have been made, it's obvious this poll is not representable any longer. Might as well reset it.

[MicroGuy]

I think we're about to see a BTC break-out (within a few days) to the upside followed by a complete LTC collapse before summer.

[Chef Ramsay]

I think we're about to see a BTC break-out (within a few days) to the upside followed by a complete LTC collapse before summer.

That's a pretty bold claim considering the ltc halving comes in late summer. Plus, historically major btc rallies coincide w/ that of ltc which is usually larger.

[gentlemand]

I think we're about to see a BTC break-out (within a few days) to the upside followed by a complete LTC collapse before summer.

That's a pretty bold claim considering the ltc halving comes in late summer. Plus, historically major btc rallies coincide w/ that of ltc which is usually larger.

Hasn't this downtrend taught us that price history should be confined to the bin forever? All the old dead certs have been comprehensively pissed all over.

Having said that there's a lot of potential upside for LTC, but if there's ever another price explosion for bitcoin the case for other coins will be weaker than ever.

[RyNinDaCleM]

Lemme check again...
Nope, Still bearish

[mikenz]

Last Chance to pick up cheap coins. Triangle is closing til 5/5 latest. next station 450-500

http://www.pic-upload.de/view-26826425/btc20150424.jpg.htm

I told u so 1 week ago. We left the 1.5 Downtrend triangle and it immediately went up the same day already. last chance now!!

[Rafterman]

Bullish 

short, mid, and longterm 

[randy8777]

i was quite bullish but i am seeing a short term decline and believe it will be initiated very soon. so currently you can say i am bearish. next few months will be different for sure with block halving comming.

[coinableS]

Bullish (what a surprise right  I'm always bullish) but seriously, wave iii didn't play out, the flat stability is bullish. https://bitcointalk.org/index.php?topic=812637.msg11248761#msg11248761

[lexuz]

i was quite bullish but i am seeing a short term decline and believe it will be initiated very soon. so currently you can say i am bearish. next few months will be different for sure with block halving comming.

Yeah now all is waiting next block comming and see what happen. Price up or still stable like now because many manupulation price on market

[Bizmark13]

Just vote on the poll and maybe add a comment why.

Depends on what you mean by "right now"? When it comes to the price short term, I'm kind of on the fence. Other than the mini spike in June last year, the price has been going down pretty much consistently over the past 15 or so months so I'd be lying if I said I knew that this is the bottom and that prices won't fall even further.

When it comes to the price long term, then I'm definitely very bullish although probably not as much as some other people here. The technology of the blockchain is sound and the benefits are pretty obvious (trustless, near-instant, and very low-cost transactions for starters). The past several years have shown that not only does the protocol not have any fatal weaknesses, but also that the network can scale and continue to remain resilient to attacks in the face of ever-increasing market caps. Even more importantly, mainstream society is now starting to accept BTC and the concept of cryptocurrencies. I first knew about Bitcoin back in 2011 and back then, I would never have thought that major companies like Microsoft, Dell, Overstock, and Expedia would be accepting BTC (granted, with the exception of Overstock, this description isn't truly accurate) or that companies like Microsoft and IBM would start their own blockchain-based projects.

I predict Bitcoin and cryptocurrencies in general have a fair shot at reaching the status of how gold is viewed today sometime in the future. To think that it will replace all fiat currencies and become the main currency is a bit more ambitious and slightly less likely IMHO, but still far greater compared to the risks of not investing at all:

So the possibility of generating coins today with a few cents of compute time may be quite a good bet, with a payoff of something like 100 million to 1! Even if the odds of Bitcoin succeeding to this degree are slim, are they really 100 million to one against? Something to think about...

[AtheistAKASaneBrain]

i was quite bullish but i am seeing a short term decline and believe it will be initiated very soon. so currently you can say i am bearish. next few months will be different for sure with block halving comming.

Yeah now all is waiting next block comming and see what happen. Price up or still stable like now because many manupulation price on market

Judging by the impact of halvings of other coins it never had a relevant effect on the price, even tho Bitcoin is not comparable to any alt because its the original coin, it may indeed serve as a bull presure when the day comes, in any case i have the halving day marked in my calendar as an important day.

[Ruzka]

Just vote on the poll and maybe add a comment why.

I voted long term bullish and short term bearish, this coin/tech has so much to offer, I really am not to fussed about price as long as it is still being adopted and people still care then that is what matters. Long live the bitcoin movement more than the price..