Similarities to 2013

[zimmah]

Sadly this is as far back as it goes, but it does sketch a very bullish picture.

The last time we saw exponentially increasing growth like this was back in 2013

If this pattern holds, I predict within 9 days (6 days plus or minus 3 days) we would trade horizontally for up to 4 weeks (3 weeks plus or minus a week) and after that the real run will start.

There will be a minor shakeout before the real run, but it will be very short and not all that deep (so no $200 coins, sorry guys).

The real run should get us to $3000 or maybe even higher.

My predictions may be way off

let's see in a few weeks.

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[Dafar]

$3000 would be amazing but we'll see, I still feel like it's too good to be true.

Although the 1w RSI looks good, every time it went about 70 it's been great

[lebing]

$3k would be pretty conservative imo. We are at the very low end of the log channel with a huge amount of free space above. When we make an ATH, all bets are off.

[Chef Ramsay]

Bitcoin is on the move that is for sure, where it stops nobody knows. This is epic territory to be long on, that's right I said it! We goin up and up.




























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[Omikifuse]

It is similar to May, 2014 too, a rise from 400 to 600 more or less.

Even with willy and etc, there was some reasons for more BTC adoption, that I can't see right now

[vuduchyld]

It is similar to May, 2014 too, a rise from 400 to 600 more or less.

Even with willy and etc, there was some reasons for more BTC adoption, that I can't see right now

Agreed.  And actually, I would add in the first couple of weeks of November of 2014.  Went from $320 or so to $450 ish in short order.  Then settled around $360's for a while before a massive January dump.

[Mieehayii]

catch this opportunity

[dothebeats]

catch this opportunity

Already in the choochoo to new ATH. Luckily I haven't sold my coins earlier. My take is that once it reach $1000 or above, FOMO will kick in and things would start getting crazy for all of us.

[zimmah]

I just realized the stable phase and the second ruse might happen faster because it's probably easier to enter the Bitcoin market now than it was back then.

So my timing may be off, but then again, the prediction may have been wrong entirely so let's just see.

[Laosai]

Though to share this here https://www.reddit.com/r/BitcoinMarkets/comments/3ra9ht/2013_vs_2015_just_for_the_fun_of_it/

I can't really wait to see what will happen in the next days this November

[1Referee]

There are similarities. The only thing is that we don't know where this will go. On top of that is that we will see the block rewards being halved which might drive the price to a new ATH next year. Not sure if we'll reach it before the halving or after the halving, but it's nearly certain we'll reach it if we continue going up this hard.

[crazyivan]

What about alts? Do you see them following 2013 trends as well?

[victoryboy]

This time Bitcoin has different protocol I mean now popularity,trust and adoption level is much more higher than 2013.Bitcoin will surely keep growing both in adoption and in price yeah where it will stop there is not clear yet.I think it should be somewhere above 1000 $ by the end of this year.

[gentlemand]

What about alts? Do you see them following 2013 trends as well?

I'm sure people are dim enough to pour in 'because it's cheaper' expecting their new pet to change the world. No doubt their dreams will be shat all over again. I think it depends on how many new users arrive. The old guard must be pretty tired of alts by now.

[Mervyn_Pumpkinhead]

What about alts? Do you see them following 2013 trends as well?

Alts will always see bigger swings then BTC, that's why they are more difficult to trade, but also give bigger rewards. I'm confident that the same alts that followed BTC in 2013, will follow it again, with similar bigger gains than BTC. Most inexperienced BTC bagholders aren't brave enough to exit their comfort zone though. Their abilities are limited to buying bitcoin and "hoping really hard for success" while holding.

[jaredboice]

What about alts? Do you see them following 2013 trends as well?

Alts will always see bigger swings then BTC, that's why they are more difficult to trade, but also give bigger rewards. I'm confident that the same alts that followed BTC in 2013, will follow it again, with similar bigger gains than BTC. Most inexperienced BTC bagholders aren't brave enough to exit their comfort zone though. Their abilities are limited to buying bitcoin and "hoping really hard for success" while holding.

Very true.  But with Bitcoin, if you hope long enough, (and if you can fund your life in that period) success will come

[afbitcoins]

Bitcoin might not be number 1 forever. It is too slow to adapt. However I think bitcoin will stay big and find its niche. There are alts worth looking at which are showing genuine innovation, amongst all the copycat shitcoins. Some of these may have huge futures ahead of them.

Having said that this is the time to be in bitcoin, alts usually bottom while bitcoin takes off but then they rise faster once they get going.

[Mervyn_Pumpkinhead]

Having said that this is the time to be in bitcoin, alts usually bottom while bitcoin takes off but then they rise faster once they get going.

LTC, PPC and NMC are already on the same level rise as bitcoin is on, often speeding ahead.
My prediction is that when this is over, then LTC will see about 2-4x higher gains then bitcoin, and PPC-NMC tandem see 4-8 times higher gains then bitcoin. These are my favorite coins that's value is quite strongly tied to bitcoin value.

[dothebeats]

Having said that this is the time to be in bitcoin, alts usually bottom while bitcoin takes off but then they rise faster once they get going.

LTC, PPC and NMC are already on the same level rise as bitcoin is on, often speeding ahead.
My prediction is that when this is over, then LTC will see about 2-4x higher gains then bitcoin, and PPC-NMC tandem see 4-8 times higher gains then bitcoin. These are my favorite coins that's value is quite strongly tied to bitcoin value.

The only problem is that there are too many whales of this coins. And it's true that when bitcoin goes up, these coins tend to follow the same trend but most of the time go over the gains you can get from bitcoin. Now I'm considering to diversify and include these coins in my stash.

[richardsNY]

Bitcoin might not be number 1 forever. It is too slow to adapt. However I think bitcoin will stay big and find its niche. There are alts worth looking at which are showing genuine innovation, amongst all the copycat shitcoins. Some of these may have huge futures ahead of them.

Having said that this is the time to be in bitcoin, alts usually bottom while bitcoin takes off but then they rise faster once they get going.

Bitcoin can evolve throughout the years as it is open source. It will get better as the need for improvements become more and more important to make sure it won't fall behind. It's a matter of time.