Bitcoin ready to take off!!!

[jeromanomic]

Had a read of this:
http://www.finance-guy.net/finblog/bitcoin-storm-brewing

Bitcoin looks similar to how it was back in late 2013   Similar price and volatility... that was right before the big jump over $1,100

are we ready for the next big jump?  How high do you think we'll go on this one?

[Furio]

Had a read of this:
http://www.finance-guy.net/finblog/bitcoin-storm-brewing

Bitcoin looks similar to how it was back in late 2013   Similar price and volatility... that was right before the big jump over $1,100

are we ready for the next big jump?  How high do you think we'll go on this one?

I dont expect anything anymore, fact is that the biggest investors have pulled out and new blood is scarce, we'll see

[Elwar]

If we stay over $240 for another week then I would be very satisfied that the bear market is over and that the price should slowly move in the upward direction from here.

[randy8777]

stop waiting for bitcoin to take off. these times are over. be happy with a slower but stable year on year growth instead of a temporarily peak. we're done with that.

[--Encrypted--]

the article is purely speculative if you ask me.. not that I will complain if it comes true and the price really jumped to 500$ or above.   who doesn't want BTC to prosper?
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oh yeah, fudsters.

[WhatTheGox]

Had a read of this:
http://www.finance-guy.net/finblog/bitcoin-storm-brewing

Bitcoin looks similar to how it was back in late 2013   Similar price and volatility... that was right before the big jump over $1,100

are we ready for the next big jump?  How high do you think we'll go on this one?

Yeah i agree with the comparison, but the jump could take a long time.  The longest we will have to wait is end of next year though no way the block halving has no impact.

[ShetKid]

Despite all these speculations I am happy for bitcoin to remain stable, but a fall is what disheartens me. Hopefully if not a big jump, but a stable month is what we see, it would be the best month for bitcoin.

[Anony]

If we stay over $240 for another week then I would be very satisfied that the bear market is over and that the price should slowly move in the upward direction from here.

Demand is definitely coming through for bitcoin. It can take weeks or months until we get there for $1000
Refer :https://www.tradingview.com/chart.
It gives the graph of bitcoins demand.

[LFC_Bitcoin]

If we stay over $240 for another week then I would be very satisfied that the bear market is over and that the price should slowly move in the upward direction from here.

Do you really think so Elwar? I hope you're right, I'm getting sick & tired of the relentless bear market, price manipulation & low prices. I got into BTC about 18 months ago, certified HODLER here, I'd like to see the price rise now. Even 400 USD would feel like a success now. BTC should not be lingering around the mid 200's.

We need some good news to give the price a really good pump, maybe Gemini can provide us with what we need in the coming months.

[bitnanigans]

Is this the year of bitcoin? I remember when the Linux desktop (see the year of the Linux desktop) was being pushed as the next best thing, for several years. Bitcoin will definitely gain mass adoption, but I'm cautiously optimistic.

[ObscureBean]

As much as I would love to see Bitcoin price spike the way it did in 2013, I think it's highly unlikely that it will actually happen. The 2013 spike was the result of a number of random factors coming together at the right time. Bitcoin newness, uncertainty, dreams of untold riches, hype, much smaller Bitcoin circle/ecosystem etc. The Bitcoin and non-Bitcoin crowds are much too aware now. Also one of the side effects of having a much larger number of Bitcoin users now compared to 2013 is stability, the more people a system acquires, the more stable it becomes, this happens naturally. If you have a look at altcoin history, you'll find a similar trend, price fluctuation for new altcoins is nowhere as wide as it was early 2013. You no longer find coins jumping from a few cents to $5-$10 or more because people are more alert and wiser now. This results in much smaller spikes. I'm not saying that a massive spike is impossible, just that it is unlikely.

[Elwar]

If we stay over $240 for another week then I would be very satisfied that the bear market is over and that the price should slowly move in the upward direction from here.

Do you really think so Elwar? I hope you're right, I'm getting sick & tired of the relentless bear market, price manipulation & low prices. I got into BTC about 18 months ago, certified HODLER here, I'd like to see the price rise now. Even 400 USD would feel like a success now. BTC should not be lingering around the mid 200's.

We need some good news to give the price a really good pump, maybe Gemini can provide us with what we need in the coming months.

If you look back over the past 6 months I'd call the under $200 dip as the bottom. We came back from that and eventually stabilized in the $220 range. Then an unusually long (for bitcoin) stability in the $230 range. Some stability in the $240 range creates a terrific upward pattern.

[Kakmakr]

Just when I thought the previous price spike was due to a small Willy bot doing it's thing on a certain exchange.
I would not be willing to bet my earthly possessions on this, that it would be going any way near to $1000 again.
My guess is, it will go up to +/- $400 if everything goes well, and it will stay there for the next year. <pure speculation>

[okae]

mm, looks interesting, but to tell you the truth i didnt expect that it will happend again, at least not soon.

what i like now is the stability, for me thats the trully great news, but as i say, soon or later price will grow up like hell, but not now, i think

[Amph]

still a bit of scepticism, but if we can continue to move up even at snail rate, it would only mean that the chances that we are still in a downtrend market, are reducing

i hope we don't skyrocket like the last time, it is better to achieve great result slowly, but not too much

[camelson]

mm, looks interesting, but to tell you the truth i didnt expect that it will happend again, at least not soon.

what i like now is the stability, for me thats the trully great news, but as i say, soon or later price will grow up like hell, but not now, i think

I think BTC gone take off its flight next year, and it will reach 600-700$ like it was in 2014. After waiting a lot from 2010 to 2013 it reaches to 1100$ and now i think its the same as we are back to 2010 and next year will be the same as the 2013. and the price will be at more than 600$

[amiryaqot]

BTCitcoin is stable at current floor with solid progress to upwards and i think the next boost in price can happen any time, now it is necessary because it has more wide adoption around the globe if make compare with 2013, merchants list also growing day by day and many big investors already dive in it so now BTCitcoin has more solid reason to make new price floor over 1k.

[Snorek]

It is hard to tell if bitcoin will reach similar price like in late 2013. I think we don't have any potential now. After great bitcoin news like: experimenting with blockchain potential use for financial institutions and new Canada's pro bitcoin law, I don't see any price rise so I don't believe in $1000 BTC - I think we need to wait for the next halving to find out.

[NorrisK]

Maybe it will be like a mini rally in summer followed by a mega rally in November, just like in 2013 I'm in for that, especially if litecoin and namecoin follow suit again :p

[medUSA]

Had a read of this:
http://www.finance-guy.net/finblog/bitcoin-storm-brewing
Bitcoin looks similar to how it was back in late 2013   Similar price and volatility... that was right before the big jump over $1,100

I personally believe Bitcoin is ready to enter a bull market. I still want to read what arguments this article has to offer. I am very disappointed. 

Writer thinks "a storm is brewing" because Bitcoin has low volatility similar to late 2012 before the massive rally and then states Bitcoin is ready to make a huge move, but "not sure if this will be up or down"? He didn't commit to a direction, magnitude or time frame. Basically, he pointed out the obvious and deduced nothing.