Bitcoin Price about to explode..at 296.74 now....

[gerXhonza]

We have unfortunately not seen this supposed explosion, you can predict again if you think you may get closer this time? I don't think we are going anywhere much over 290's for the next few months, same as the previous few months. Being controlled would be an understatement.

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[randy8777]

the price has been hanging just a few bucks below the $300 level. looks like no one yet is willing to give bitcoin the push to go over $300 and potentially trigger a small rally.

We've touched $300 in March and came back down to $220. This time hopefully will be different. Prices rose to $310 middle of this month and we did not trace down, but stayed above $275! May be it will be 3rd time lucky, $350 may be? 

well the rise to over $310 this month was due to greece. currently there is no reason of why the price should go over $300. and it shows as it is pushed down again.

[GODLIKE]

the price has been hanging just a few bucks below the $300 level. looks like no one yet is willing to give bitcoin the push to go over $300 and potentially trigger a small rally.

We've touched $300 in March and came back down to $220. This time hopefully will be different. Prices rose to $310 middle of this month and we did not trace down, but stayed above $275! May be it will be 3rd time lucky, $350 may be? 

well the rise to over $310 this month was due to greece. currently there is no reason of why the price should go over $300. and it shows as it is pushed down again.

I don't believe in price prediction for such an instable currency as Bitcoin, it's too early and too many things must happen month by month.
But exactly for that that your "there is no reason" is wrong.
Greece is not the only country drowning in shit.
Take Argentina in example.

[TinEye]

we aren't touching 300 aren't we? if we can't touch that damn 300 and tarrying above it, i'll not believe in this pump, it could be a dead cat bounce for trap suckers inside it, for all we know

I don't believe in price prediction for such an instable currency as Bitcoin, it's too early and too many things must happen month by month.
But exactly for that that your "there is no reason" is wrong.
Greece is not the only country drowning in shit.
Take Argentina in example.

so does this mean if some countries struggle , bitcoin prices goes up and if vice versa happens , it actually goes down? I'm still new to economic stuff

i don't think so, the price of bitcoin seems to vary on its own unrelated with something like Greece's crisis, it has to do with how the other stocks markets behave

[faridkifly]

I think the rate will increase as soon as posible
But if the rate is going straight down out of the blue.. I'm the one that will be frustated

[spazzdla]

Until we see a rise of $100 in one day there will be no explosion.  The shorters have to get brutally slaughtered for this to happen.. it will happen however.

[Gyfts]

No explosion? Waiting?


The price has had a good increase of almost 50 or so dollars (roughly). I'd like to say it's because of the Greece crisis. I feel like that was thrown around as being the straw that ended fiat currencies. But Greece is finding its way to recovery slowly but surely. No doubt in mind the price will increase though. Just not as explosive as you suggest.

[BillyBobZorton]

Too much time in the 290 range, I fear for a dump instead.
And more than 1 hour has passed

We are not taking a quick correction and already at 289 in Coinjar. I don't fear dumps since im long term but of course it's always tempting to sell a bit and try to short it, even tho im not gonna risk it only to find out tomorrow we are at something like 320 or a price along the lines with a stable consolidation of price above 300.

[Mickeyb]

Too much time in the 290 range, I fear for a dump instead.
And more than 1 hour has passed

We are not taking a quick correction and already at 289 in Coinjar. I don't fear dumps since im long term but of course it's always tempting to sell a bit and try to short it, even tho im not gonna risk it only to find out tomorrow we are at something like 320 or a price along the lines with a stable consolidation of price above 300.

That's exactly my thinking, watching at the price right now, it feels that only one person or one good buy or sell can make this thing go very South or very North. Now which way it will be, I don't know and that's why it's the best to stay out of it and wait for clear signals where this is headed.

[superpanos2]

No it's not!
Just wait for the next halving in one year.

[mrhelpful]

the price has been hanging just a few bucks below the $300 level. looks like no one yet is willing to give bitcoin the push to go over $300 and potentially trigger a small rally.

We've touched $300 in March and came back down to $220. This time hopefully will be different. Prices rose to $310 middle of this month and we did not trace down, but stayed above $275! May be it will be 3rd time lucky, $350 may be? 

well the rise to over $310 this month was due to greece. currently there is no reason of why the price should go over $300. and it shows as it is pushed down again.

I wouldnt rely on greece too much. Unless western union still close their doors for business and people still cant get funds moved.

Then yeah, but greece is generally the influence in price right now outside from the typical whale manipulation, etc.

[Hazir]

No it's not!
Just wait for the next halving in one year.

Ah, yes. The mythical halving. Back in December of 2013 we did not have anything like that yet bitcoin price skyrocketed to $1000+.
Halving can bring bitcoin rise of bitcoin price but we could reach it faster and without it, people are just being skeptical about bitcoin success and exaggerate every bitcoin flaw.

[knowhow]

on that time were new investors coming into the game of land of opportunity most of them enter and now are just watching it recover slowly value,is hard to predit where it can goes but i guess is almost impossible to back to 100 dollars as some are hoping for a down.

[NorrisK]

No it's not!
Just wait for the next halving in one year.

Halving solves everything... Come on.. Still more Than half of total coins Will be distributed by then. Impact Will be minor..

[HarHarHar9965]

on that time were new investors coming into the game of land of opportunity most of them enter and now are just watching it recover slowly value,is hard to predit where it can goes but i guess is almost impossible to back to 100 dollars as some are hoping for a down.

Let's be really honest, you think a lot of people will buy in when bitcoin goes down to 100$? A man who invested at 1000$ sees his investment reduce to 10% of what it was initially, its really shattering. Yes, it might boost up or whatever but I don't really think I would trust bitcoin if it hits such a low again, that would indicate there are problems in the market which people have no control over, and no solution either.

[sana9821]

No it's not!
Just wait for the next halving in one year.

Halving solves everything... Come on.. Still more Than half of total coins Will be distributed by then. Impact Will be minor..

there will surely be impact though we dont know if it will be positive and rise the price or negative for example if people who have a lot of it will start dumping coins on the buyers who are ready to buy for bigger price and the price will be the same again or even lower

[Meuh6879]

I doubt that someone is able to do this ( to predict the price of bitcoin). To many try and someone find something but I think that the guy who find do this occasionally and not because there is some scientific analyse made.

look in the past :

2009 : 0
2010 : 0
2011 : 1 USD
2012 : 10 USD
2013 : 100 USD (pop at 150)
2014 : 200 USD (pop at 1200)
2015 : 300 USD (pop ?)

[mindrust]

Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

[Miracal]

Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

5 years is a long time, you think the price of bitcoin will not exceed 1200 for the  next 5 years? So for the next 1826 days you can guarantee that the price will be less than that? dude, the world is a crazy place and a lot of crazy things happen everyday.Nobody expected a coin worth a few cents to hit 1200 dollars. So I don't find the harm in assuming that there are chances of bitcoin being a few thousand dollars by the end of this decade.

[GrandmaJean]

Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

what are you talking about? there will definitely be an explode before or after halving i believe it might rise to at least 600 dollars each what will mean that bitcoin will be more popular again