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erre
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November 04, 2015, 05:03:43 PM
 #1


Clearly we are heading to another so-called bubble, and for this time i expect 5 digits to be the limit, a lot of weak hands will be shaken before the peak, and I think this could be only good for the known (but largely denied) matter of btc distribution .

After this "bubble" I predict btc price to crash and stabilize around 1k usd, with many people calling btc dead and selling their coins, for another re-distribution round.

I like these cycles because they are re-distributing the coins, basically if you really belive in btc and just buy & hodl you will end up with a lot more coins than with a stable growth, and weak hands are shaken vigorously   Smiley

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November 04, 2015, 05:27:09 PM
 #2


a lot of weak hands will be shaken before the peak

Yep  Smiley

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November 04, 2015, 06:19:19 PM
 #3

Nope we didn't or aren't going to make those 5 digits.

Poor panic buyers. Reality is coming down on them quite hard right now.

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November 04, 2015, 06:30:00 PM
 #4

Nope we didn't or aren't going to make those 5 digits.

Poor panic buyers. Reality is coming down on them quite hard right now.

I disagree, you can also think about it another way...
The "panic buyers" aren't selling, the miners aren't selling as much, the conventional markets are in unfathomable bubbles and in "bad news is good news" manipulation mode...

This bull rally has inertia, and it's going to take a considerable opposing force to reverse it...

Bitcoin is widely known today, in 2013 it was on the fringe. This spring has been winding for 2 years, and judging by the momentum of this price movement, it looks like we'll be rocketing past the previous ATH before the end of November (likely even before).

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November 04, 2015, 06:32:04 PM
 #5

1k won't happen, not before halving at least. People will panic a and sell whenever we will be close to $500.
I see many people already selling, because they are content with this price compared to stagnant price we had for over six months.
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November 04, 2015, 06:36:12 PM
 #6

Sigh.

I doubt we'll see 5 digits. Maybe we'll go into 4 digits, though if we do we'll probably drop back out of it as it will most likely be due to a bubble. But 5 digits is just insane to suggest, I actually would be quite worried by seeing a price that high.

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November 04, 2015, 06:41:35 PM
 #7

How can we reach 5 digits if people cannot hold when the price is $500?

I think the max we can reach at this time is $1000. (MAX)

5 digit seems impossible until Bill Gates exchanges all his fiat for Bitcoins Smiley

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November 04, 2015, 06:55:03 PM
 #8

Sigh.

I doubt we'll see 5 digits. Maybe we'll go into 4 digits, though if we do we'll probably drop back out of it as it will most likely be due to a bubble. But 5 digits is just insane to suggest, I actually would be quite worried by seeing a price that high.

I think maybe you just lack a bit of optimism

Nah, no chance. We're having a bit of trouble hitting even $300 right now, I highly doubt we will hit $500 next month. If we do, it signals a really unsustainable bubble and I would be worried about it either way. Like I said, we need sustainable growth, not a ridiculous bubble that will quickly pop.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 04, 2015, 07:00:17 PM
 #9

500 seemed impossible just a few days ago, now think about something that, like now, seems impossible. Think about btc in 2011 and where we are now.

4 digits seems not so unlikely, I claim that the limit is actually beyond our imagination Smiley

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November 04, 2015, 07:01:24 PM
 #10

The only way for Bitcoin is to go to 5 figures eventually. The limited supply dictates that price as the demand increases. It only take a couple whales fearing their capital controls on their countries to drive the price at such level. Of course we have the usual FUDsters in this thread where they would call insane anyone that claimed $500 before 2016. Those short termed idiots will be shaken with the ups and downs. For some reason morons don't understand 5 billion is shit nothing compared to the average venture out there.
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November 04, 2015, 07:09:44 PM
 #11

After this "bubble" I predict btc price to crash and stabilize around 1k usd, with many people calling btc dead and selling their coins, for another re-distribution round.

I doubt many people would be calling BTC dead if it crashed and stabilized at around $1000.
erre
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November 04, 2015, 07:13:35 PM
 #12

After this "bubble" I predict btc price to crash and stabilize around 1k usd, with many people calling btc dead and selling their coins, for another re-distribution round.

I doubt many people would be calling BTC dead if it crashed and stabilized at around $1000.

Really?
When it crashed from 1250 and stabilized around 200/300, 2x times the peak of the previous bubble, seemed like a lot of people did it.

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November 04, 2015, 07:21:11 PM
 #13

Sigh.

I doubt we'll see 5 digits. Maybe we'll go into 4 digits, though if we do we'll probably drop back out of it as it will most likely be due to a bubble. But 5 digits is just insane to suggest, I actually would be quite worried by seeing a price that high.

I think maybe you just lack a bit of optimism

Nah, no chance. We're having a bit of trouble hitting even $300 right now, I highly doubt we will hit $500 next month. If we do, it signals a really unsustainable bubble and I would be worried about it either way. Like I said, we need sustainable growth, not a ridiculous bubble that will quickly pop.

The people who say that those who call out bubbles lack optimism are usually either cryptoanarchists or have no actual knowledge of how this stuff usually works.

We have seen bubbles all throughout bitcoin's history, especially with new all-time highs. Corrections are a matter of life. You would not say the same thing about the stock market.

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November 04, 2015, 07:26:23 PM
 #14

1k won't happen, not before halving at least. People will panic a and sell whenever we will be close to $500.
I see many people already selling, because they are content with this price compared to stagnant price we had for over six months.

it's normal that a lot people are selling around these price levels. they most likely made a decent enough profit to not let greed take them over. profit is profit.
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November 04, 2015, 07:29:44 PM
 #15

This what's happening right now is not a bubble really. When it went from 100 to 1200 - that was a bubble. I'm not saying that the price won't correct itself
just that these prices were expected long time ago, and now with all the news, it was just a matter of time.
Five digits within a few years is not too optimistic, it seams pretty realistic for me.
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November 04, 2015, 07:31:59 PM
 #16

Nope we didn't or aren't going to make those 5 digits.

Poor panic buyers. Reality is coming down on them quite hard right now.

^By far the biggest child on the forum constantly spamming lies and FUD to try and make his short position work.  Just going to post this picture any time this scumbag posts.  He shorted all year and made a little bit of money then lost BIG when it went up, yet he still continues to spam the forum with garbage every day saying "coin die now sell everyting"



So how you doing with those short losses?

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November 04, 2015, 07:37:32 PM
 #17

so keep holding. my 0.06 btc will somehow turn more Smiley


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November 04, 2015, 09:56:40 PM
 #18

Nope we didn't or aren't going to make those 5 digits.

Poor panic buyers. Reality is coming down on them quite hard right now.

the denial is strong in this one
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November 04, 2015, 10:26:49 PM
 #19

Nope we didn't or aren't going to make those 5 digits.

Poor panic buyers. Reality is coming down on them quite hard right now.

the denial is strong in this one

I knew he would be back as soon as the price drops more than 50 USD or so.

He comfortable ignores that price is still double that of a few weeks ago and that he predicted sub 200 there at the same time..
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November 04, 2015, 11:05:30 PM
 #20

exactly, i think this is just one of those shakes to shake out weak hands


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