Luthier (OP)
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August 03, 2015, 12:19:26 AM |
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Posting this here for future humiliation or exaltation, mid-long term price prediction. New ATH I think $2-5k, after halving and ETF. The flat part in 2016 is a question mark, won't be that flat obviously but relatively stable.
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Shiver
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August 03, 2015, 01:10:31 AM |
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I hope you're right, I think it would make a lot of us very happy. ETF, Gemini, adoption are all good additions, but they're all things that I would expect to be priced in to some degree by current watchers. I think exposure to average Joe could be more powerful than all other influences if that should come to pass, especially if something made people lose faith in the current fiat system (though from talking to people who have never heard of BTC it seems that has a long way to go, as they still think money in the bank is something they own and is surety).
What is your reasoning for the increase, a lull and then rocket scenario in the chart?
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gentlemand
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August 03, 2015, 01:39:15 AM |
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ETF, Gemini, adoption are all good additions, but they're all things that I would expect to be priced in to some degree by current watchers.
The whole point of all those happenings is to drown current watchers in a sea of fresh blood. There are already some quasi equivalents such as the KNCminer ETN and Itbit which haven't set the world on fire so I'm not sure they'd be a magic bullet, but it all builds towards a brighter future anyway.
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inca
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August 03, 2015, 02:07:00 AM |
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ETF, Gemini, adoption are all good additions, but they're all things that I would expect to be priced in to some degree by current watchers.
The whole point of all those happenings is to drown current watchers in a sea of fresh blood. There are already some quasi equivalents such as the KNCminer ETN and Itbit which haven't set the world on fire so I'm not sure they'd be a magic bullet, but it all builds towards a brighter future anyway. The coin etf is a different ball game. And Gemini is a step closer to that occurrence. So they will both be highly bullish events IMO. If they happen. The halving will support the price as it looms closer.
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Luthier (OP)
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August 03, 2015, 02:10:40 AM |
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I hope you're right, I think it would make a lot of us very happy. ETF, Gemini, adoption are all good additions, but they're all things that I would expect to be priced in to some degree by current watchers. I think exposure to average Joe could be more powerful than all other influences if that should come to pass, especially if something made people lose faith in the current fiat system (though from talking to people who have never heard of BTC it seems that has a long way to go, as they still think money in the bank is something they own and is surety).
What is your reasoning for the increase, a lull and then rocket scenario in the chart?
The bull run to 600 is the pricing in of the halving, plus possible global economic troubles later this year. The lull on the chart will be some form of stabilization due to little new money coming in but people are hodling in anticipation of the halving. I do not think the ETF will be fully priced in because there is still so much uncertainty around it. When it is approved, the mainstream media exposure combined with the real effect of the reduced supply due to halving will push us to new ATH.
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Chef Ramsay
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August 03, 2015, 03:23:49 AM |
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If there is demand that is awaiting the ETF then watch out folks, this bitch is gonna get wild as a mother fucker. These wall street broker types and hedge funds that are peeping this fund coming on line will make the price go moon and then some mark my words. The Wink bros have some fame and that is what will drive their fund to the top. Now is the time to keep picking up the cheaper coins!
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Pk880058
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August 03, 2015, 05:43:37 AM |
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You are thinking that halving time would be amazing, I also hope so.
But it can also go the other way. What if the prices fall and miners start to leave mining because their income will become halved?
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randy8777
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August 03, 2015, 07:09:16 AM |
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i certainly hope so, but i think late 2016 is still to early for a new ath. but bitcoin has proven many people wrong and surprised us so many times. anything can happen.
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lexuz
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August 03, 2015, 07:13:26 AM |
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I hope so your prediction right but we near to end 2016 and price still same. I mean not want drop or up is stable like stunning in range 270-290
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chriswen
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August 03, 2015, 07:43:18 AM |
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Well let's hope we'll be able to break $300 first. If we don't break it in the next two weeks it might not end well.
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Amph
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August 03, 2015, 12:16:06 PM |
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i'm more inclined to think that soemthing big will happen before the ath and not after, usually the hype is driven so crazy by the halving that it start a reverse chain which will bring the price to be pumped 1-2 months before or even more
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LFC_Bitcoin
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August 03, 2015, 01:03:52 PM |
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I think the halving is almost guaranteed to give us a fairly significant price rise, as far as a new ATH in late 2016 I'm unsure but we should have doubled the price as a result of the nexr halving.
I'd like to think we'll have some improvement in the current price before the halving though. We've been stuck in the 200's for far too long now. Anybody who isn't takjng advantage of coins at these prices is an idiot. Buy & HODL & you will be rewarded greatly in the future.
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Mickeyb
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August 03, 2015, 01:16:59 PM |
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This is all pure speculation and nobody knows what will happen. Halving, Gemini, ETFs, are maybe all already priced in into current price to some degree but nobody knows how much. We will see the OP's prices only if the average Joe gets his hands on Bitcoin, mass adoption is what we need the most and if tbis happens then sky really is the limit.
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slap
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August 03, 2015, 02:15:39 PM |
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Halving could (and should) already be priced in current price imo. It's a certainty, although timefactor is questionable, so usually investers will anticipate rather than reacting. Personally I think halving will not be a huge spike, therefor I feel something else will make price move (up/down- unbiased). Whatever that may be...
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SmoothCurves
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August 03, 2015, 05:15:07 PM |
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Halving could (and should) already be priced in current price imo. It's a certainty, although timefactor is questionable, so usually investers will anticipate rather than reacting. Personally I think halving will not be a huge spike, therefor I feel something else will make price move (up/down- unbiased). Whatever that may be...
LOL You're nuts if you think this illiquid market has priced in the halving already.
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slap
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August 03, 2015, 05:30:26 PM |
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Halving could (and should) already be priced in current price imo. It's a certainty, although timefactor is questionable, so usually investers will anticipate rather than reacting. Personally I think halving will not be a huge spike, therefor I feel something else will make price move (up/down- unbiased). Whatever that may be...
LOL You're nuts if you think...
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bitasset
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August 03, 2015, 10:34:38 PM |
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How did you predict the targets $600 and $5000 ? Elliott wave?
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Meuh6879
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August 03, 2015, 10:38:12 PM |
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last halving = 25x
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jjacob
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August 03, 2015, 11:35:53 PM |
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last halving = 25x
Bitcoin's price could do with a boost now. It has been down in the dumps for more than a year now.
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SmoothCurves
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August 03, 2015, 11:39:07 PM |
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last halving = 25x
25* 300 = $7500 Then a crash down to $1400 then a rally back up to 40,000?
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