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ashour
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May 01, 2015, 06:07:38 PM |
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It would probably begin in 2016 when the halving begins and the supply cuts by 50% and so the demand would rise make the bitcoin price go to the moon. Mass adaption will play an important roll on the bitcoin price aswell.
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AtheistAKASaneBrain
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May 01, 2015, 06:27:11 PM |
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Im not tempted to vote at this point since given past rallies, it has happened when least expected, there fore I cant tell. The thing tho is, we are for sure at the end of a burst cycle, which would lead to a bubble in the following months.
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Rafterman
Newbie
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Activity: 21
Merit: 0
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May 01, 2015, 07:20:41 PM
Last edit: May 01, 2015, 07:33:35 PM by Rafterman |
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very soon
why?
the recent news are just so good.
things are unfolding pretty fast like:
just one of them is the coming bitlicense before end of may. and with that trading on NYSE!!!
And in Sweden Bitcoin will be traded on the Nasdap from 18.5.
ebay and paypal are still in the line, the might be witing for the bitlicense
and lots of VC Money flows constantly into Bitcoin startups.
And the interesting part is just when the gates for new money opens, the trendline seems to be broken. Weekly SAR about to flip, 3D MACD is turning green again RSI has lots of room to grow, triangle closes, and, and, and,
It sure looks promising.
Or Maybe a big whale comes around and dumps a ton and theres hacks, exchange failure and lots of FUD and the price will go to xx for long time, who knows ?
May will be an interesting month.
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kwukduck
Legendary
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Activity: 1937
Merit: 1001
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May 01, 2015, 10:35:44 PM |
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why is never not at option?
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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goxed (OP)
Legendary
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Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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May 01, 2015, 11:02:01 PM |
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why is never not at option?
never say never |
Revewing Bitcoin / Crypto mining Hardware.
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Le Happy Merchant
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May 01, 2015, 11:27:50 PM |
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It is difficult to say, because this rally is going to be drawn out, just like everything else lately.
It is going to be very long, relatively gradual with its own corrections and peaks.
It will start soon, but it won't be obvious, then it will be obvious, but it still won't go double-parabolic like April 2013.
I think late August, around school starting.
Optimistically, I predict that this rally will flow into the S-shaped adoption curve, and over the next 3-7 years we see about 5-15% of the global public adopting bitcoin per year.
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(Lithium)
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May 01, 2015, 11:33:25 PM |
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All those new exchanges wil not trigger a decent rally?
they are all traumatized after the Goxx thing |
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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May 01, 2015, 11:38:55 PM |
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All those new exchanges wil not trigger a decent rally?
One of the vital factors must surely be exchanges that people can actually have some proper faith in. Once they're in place it'll be time to see whether it's going to kick off. |
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jbrnt
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May 01, 2015, 11:49:05 PM |
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It would be between anytime now and the next halving. So many encouraging news on bitcoin has come out and prices haven't moved much. If you have confidence in bitcoin, this is the time to buy a bit more.
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kwukduck
Legendary
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Activity: 1937
Merit: 1001
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May 02, 2015, 01:13:38 AM |
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It is difficult to say, because this rally is going to be drawn out, just like everything else lately.
It is going to be very long, relatively gradual with its own corrections and peaks.
It will start soon, but it won't be obvious, then it will be obvious, but it still won't go double-parabolic like April 2013.
I think late August, around school starting.
Optimistically, I predict that this rally will flow into the S-shaped adoption curve, and over the next 3-7 years we see about 5-15% of the global public adopting bitcoin per year.
The entire bitcoin system wouldn't even be able to scale to supply service to 1%... so no... that will not happen. |
14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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MrBig
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May 02, 2015, 02:15:45 AM |
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I wouldn't even try to guess when BTC will begin to rally, since I have no idea if BTC will ever rally again. I think the average person still sees BTC as too complicated and risky to deal with, despite all it's merits. I do believe that we need a lot more user adoption for BTC to really take off, although I have my doubts about that happening.
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neordicICE
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May 02, 2015, 02:18:19 AM |
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not till 2016. bitcoin is only going down till then and then it can flyy away with the wings it will gro. btc is like a caterpillar it went up the tree and now its coming down to cocoon then it will hatch and spread beautiful wings and fly back above the top of the tree.
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H.W.Z
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May 02, 2015, 03:33:11 AM |
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I don't think the price will rally in the near future, even after the halving in 2016, it is no matter of the supply, it is the matter of demand. The users base needs to increase (adoption rate) , the price will increase at the same time! It cannot rally dramatically overnight!
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Amph
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Merit: 1070
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May 02, 2015, 07:00:44 AM |
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I don't think the price will rally in the near future, even after the halving in 2016, it is no matter of the supply, it is the matter of demand. The users base needs to increase (adoption rate) , the price will increase at the same time! It cannot rally dramatically overnight!
you need both to be honest, otherwise inflation would be a good option, and we know it isn't, limited supply will surely help, but the demand it may look more needed here but while the first is coming for sure, the second is uncertain, this is way we needs to rely on the block halving and hoping for the best |
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Ibian
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Activity: 2268
Merit: 1278
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May 02, 2015, 01:09:35 PM |
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I don't think the price will rally in the near future, even after the halving in 2016, it is no matter of the supply, it is the matter of demand. The users base needs to increase (adoption rate) , the price will increase at the same time! It cannot rally dramatically overnight!
If price doesn't go up with the halving half the network will have to shut down. |
Look inside yourself, and you will see that you are the bubble.
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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May 02, 2015, 04:18:23 PM |
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I don't think the price will rally in the near future, even after the halving in 2016, it is no matter of the supply, it is the matter of demand. The users base needs to increase (adoption rate) , the price will increase at the same time! It cannot rally dramatically overnight!
If price doesn't go up with the halving half the network will have to shut down. Demand shouldn't have to depend on block halving. If demand is there in sufficient numbers then halving makes no difference. It has exploded upwards and plummeted, been declared dead and the saviour of all of us. All the while the exact same number of coins were being pumped out. |
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busygin
Newbie
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Merit: 0
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May 02, 2015, 04:50:41 PM |
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Once the current Chinese stock market rally slows down and traders start taking profit, there will definitely be some new demand for BTC from them. Shanghai stock exchange index is already parabolic, so the reversal may happen any time. Until then, we may have a slow drift up based on the good news, but the downside risk is still huge considering that the market has to absorb about $700K of newly mined BTC every day (at the current price).
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vrzo
Member
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Activity: 90
Merit: 10
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May 02, 2015, 05:05:55 PM |
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Nobody knows. It can be days, months, maybe 2016. I don't believe it will be later than 2016 though.
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bassclef
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May 02, 2015, 05:11:36 PM |
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Once the current Chinese stock market rally slows down and traders start taking profit, there will definitely be some new demand for BTC from them. Shanghai stock exchange index is already parabolic, so the reversal may happen any time. Until then, we may have a slow drift up based on the good news, but the downside risk is still huge considering that the market has to absorb about $700K of newly mined BTC every day (at the current price).
It doesn't have to absorb it until it's put on exchange or sold OTC. |
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