We Are Making History

[lissandra]

To be honest, people do not even let it pass 500... They cash out all the time. I cant imagine a bubble anytime soon.

Yes people will start to sell if the price even touches again 500 mark. Last time also price begin to go down within 10 minutes after it reach near 510$. As natural human nature they always try to make quick profit, nobody cares about future price if they are holding small amount.

^^^^^ That was the right on the nose. OP, hyena, thought we'd see $13200, I know ridiculous. Don't ever believe anything hyena says. Just so f*cking ridiculous, $13200, really hyena???

If there is continuous adoption of bitcoin, $13,200 will be surpassed in 5 years. If there is no good community, the bitcoin will die soon,

In terms of adoption and therefore being resposible for a rising price you're right.
And regarding the community I'm not sure what you exactly mean. The Bitcoin community is growing, evolving and changing constantly.
Lot's of debates happened recently. Fork, Blocksize increase, Bitcoin or Blockchain etc.
I think this all is part of the process.And each day more we are here and exist the harder it gets to "destroy" us.

Comments about the community, yeah its growing.. but I seen more scams lately appearing.

Which is never a good thing, but theres not much we can do about it. As for "destroy" us part, yeah its getting harder for people to debate about bitcoin.

[LuckyYOU]

Just think of the volume when we hit 600 USD. It will be huge.

Bitfinex is always good for a high volume, but now with Gemini it would be a mega volume.

[Mickeyb]

To be honest, people do not even let it pass 500... They cash out all the time. I cant imagine a bubble anytime soon.

Yes people will start to sell if the price even touches again 500 mark. Last time also price begin to go down within 10 minutes after it reach near 510$. As natural human nature they always try to make quick profit, nobody cares about future price if they are holding small amount.

^^^^^ That was the right on the nose. OP, hyena, thought we'd see $13200, I know ridiculous. Don't ever believe anything hyena says. Just so f*cking ridiculous, $13200, really hyena???

If there is continuous adoption of bitcoin, $13,200 will be surpassed in 5 years. If there is no good community, the bitcoin will die soon,

In terms of adoption and therefore being resposible for a rising price you're right.
And regarding the community I'm not sure what you exactly mean. The Bitcoin community is growing, evolving and changing constantly.
Lot's of debates happened recently. Fork, Blocksize increase, Bitcoin or Blockchain etc.
I think this all is part of the process.And each day more we are here and exist the harder it gets to "destroy" us.

Comments about the community, yeah its growing.. but I seen more scams lately appearing.

Which is never a good thing, but theres not much we can do about it. As for "destroy" us part, yeah its getting harder for people to debate about bitcoin.

Yes, we can't do anything about the scams, unfortunately! And as we grow even further, I expect that we will see even more scammers!

But one thing I do find extraordinary, is that people are much more careful this year with their bitcoins in my opinion than just last year for example. I get this sentiment from reading and posting on this forum, and I do spend a lot of time here. I guess that people are getting smarter with their money and as long as this is happening, scammers will see their success rate decreasing further, even if there is more and more of these scammers!

[Hyena]

Yes, we made a little bit of history with this last run-up, but unfortunately it ended with a premature ejaculation. I guess good things come in small packages and we just have to wait a bit more for the 17 000$ prices. People seem to be quick to forget that some time ago we were infinitely hovering around 240$ prices. We are now at 340$ which is a huge win. Even as the rally stopped, we still ended up higher than before the mini-bubble. That's a good sign.

[manis]

$220 - $340 may be a good run, but it does not satisfy us bitcoin bulls.
We want return of multiple times from the next bull run. 

[Dobmader]

Just think of the volume when we hit 600 USD. It will be huge.

Bitfinex is always good for a high volume, but now with Gemini it would be a mega volume.

The volume is Gemini is still small. It will take at least 6 month for Gemini to be a popular exchange.

[thejaytiesto]

Yes, we made a little bit of history with this last run-up, but unfortunately it ended with a premature ejaculation. I guess good things come in small packages and we just have to wait a bit more for the 17 000$ prices. People seem to be quick to forget that some time ago we were infinitely hovering around 240$ prices. We are now at 340$ which is a huge win. Even as the rally stopped, we still ended up higher than before the mini-bubble. That's a good sign.

It hasn't even begun, look at the latest news, everyone is really shaky and watching each other's hands to see what other people is doing about Bitcoin. Visa is saying that they are adopting the Bitcoin blockchain and all other chains are trash and irrelevant, they are starting to realize the scam that private blockchains are. Expect 1K+ next year almost guaranteed

[n2004al]

$220 - $340 may be a good run, but it does not satisfy us bitcoin bulls.
We want return of multiple times from the next bull run. 

We are already on the way. Everyone of us is working hard to increase the price. Going hard works and telling to bitcoin to be proud of itself and to see always higher and higher. As it is shown ultimately bitcoin has heard us and has began its way versus new top price.

Jokes apart seems really that this time bitcoin is playing hard. after the bubble become from China there are again new high prices that no one know from what reason are achieved. Seems increase of activity of bitcoin and this may be the cause but if it is only this the price is to fragile. maybe this amount of transactions may be temporary and if so the price will go again. I hope to be from the spread and from the desire of the new entries to have some bitcoin. That will be a true achievement. But no one can know this.

[Bought]

This is spectacular. The volume will surpass its old ATH any day now. This bubble is going to dwarf all the previous ones. Expect a bubble comparable to 2011 bubble by its order of magnitude. 0.5$ -> 30$ was a 60x rise. 220$ ->13200$ would also be a 60x rise.
 

Wow that's amazing volume we're talking about here

[The Sceptical Chymist]

Yes, we made a little bit of history with this last run-up, but unfortunately it ended with a premature ejaculation. I guess good things come in small packages and we just have to wait a bit more for the 17 000$ prices. People seem to be quick to forget that some time ago we were infinitely hovering around 240$ prices. We are now at 340$ which is a huge win. Even as the rally stopped, we still ended up higher than before the mini-bubble. That's a good sign.

What I don't even.

I agree $340 was a huge win, and as I write this we're at 441, down from 470 or something like that.  I have no guesses for this, but I believe we'll see $500 in a month and a half or so.  I'm optimistic, though not as much as you it seems.

[Razick]

Actually, each bubble has been progressively smaller if your calculation is correct.

1st: $0.5 to $30 = 60.
2nd: $13 or so to around $266 = ~20
3rd: $120 or so to around $1,300 = ~11

I'm just recalling those from memory and guesstimating, but wouldn't that imply a new ATH below $3,000 at the highest this time? Of course, PAST PERFORMANCE IS NOT A PREDICTOR OF FUTURE RETURNS. I feel like everyone here needs to learn that rather than making overly precise predictions based on technical analysis or the past that almost never come true.

[Hyena]

Actually, each bubble has been progressively smaller if your calculation is correct.

1st: $0.5 to $30 = 60.
2nd: $13 or so to around $266 = ~20
3rd: $120 or so to around $1,300 = ~11

I'm just recalling those from memory and guesstimating, but wouldn't that imply a new ATH below $3,000 at the highest this time? Of course, PAST PERFORMANCE IS NOT A PREDICTOR OF FUTURE RETURNS. I feel like everyone here needs to learn that rather than making overly precise predictions based on technical analysis or the past that almost never come true.

You're right, but it's more fun to make precise predictions and later see who gets the closest call.

[Ziscadas]

Actually, each bubble has been progressively smaller if your calculation is correct.

1st: $0.5 to $30 = 60.
2nd: $13 or so to around $266 = ~20
3rd: $120 or so to around $1,300 = ~11

I'm just recalling those from memory and guesstimating, but wouldn't that imply a new ATH below $3,000 at the highest this time? Of course, PAST PERFORMANCE IS NOT A PREDICTOR OF FUTURE RETURNS. I feel like everyone here needs to learn that rather than making overly precise predictions based on technical analysis or the past that almost never come true.

The bitcoin start from $430 in the new year, even if the price rises to $4000 later this year, it is less than 10 fold rise. So low in historical terms.

[Hyena]

Actually, each bubble has been progressively smaller if your calculation is correct.

1st: $0.5 to $30 = 60.
2nd: $13 or so to around $266 = ~20
3rd: $120 or so to around $1,300 = ~11

I'm just recalling those from memory and guesstimating, but wouldn't that imply a new ATH below $3,000 at the highest this time? Of course, PAST PERFORMANCE IS NOT A PREDICTOR OF FUTURE RETURNS. I feel like everyone here needs to learn that rather than making overly precise predictions based on technical analysis or the past that almost never come true.

The bitcoin start from $430 in the new year, even if the price rises to $4000 later this year, it is less than 10 fold rise. So low in historical terms.

Let me remind everyone that in late 2011 we were at 4.5$ prices. now we are hovering 450$. How long did we hover at 45$ prices? Not at all, and it was a 10x increase WTF. We went straight to 270$ and never came back to 45$. This alone means that 4500$ prices if they were to come right now would be nothing spectacular in comparison to 45$ prices that came after 4.5$ prices.

A rise from 4.5$ to 270$ would equate to a rise from 450$ to 27 000$. Is bitcoin mainstream yet? No. So there is plenty of bullish potential left in bitcoin. If I was to discover bitcoin today, I would without doubt buy as many bitcoins as I could right away and start hodling as I've been doing for the past 4 years.

[rebuilder]

I can pick up a 1 kilo bag of potatoes easily. 10 kg, no problem! obviously that means I can juggle 100 kg sacks as well, right?

[NorrisK]

I can pick up a 1 kilo bag of potatoes easily. 10 kg, no problem! obviously that means I can juggle 100 kg sacks as well, right?

But many more people are joining in to help carry those bags.

1 kilo was done with the limited amount of very early adopters. Then some more people joined and moved 10 kg bags like it was nothing. 

Now things really start to catch on, people are working together and are able to carry 100 kg sacs with 4 of them!

Don't forget the power of many.

[Ziscadas]

I can pick up a 1 kilo bag of potatoes easily. 10 kg, no problem! obviously that means I can juggle 100 kg sacks as well, right?

But many more people are joining in to help carry those bags.

1 kilo was done with the limited amount of very early adopters. Then some more people joined and moved 10 kg bags like it was nothing. 

Now things really start to catch on, people are working together and are able to carry 100 kg sacs with 4 of them!

Don't forget the power of many.

When many more people join the community and use the bitcoin, the price will be much much higher. The price is related to the square of number of people.

[Dobmader]

I can pick up a 1 kilo bag of potatoes easily. 10 kg, no problem! obviously that means I can juggle 100 kg sacks as well, right?

But many more people are joining in to help carry those bags.

1 kilo was done with the limited amount of very early adopters. Then some more people joined and moved 10 kg bags like it was nothing. 

Now things really start to catch on, people are working together and are able to carry 100 kg sacs with 4 of them!

Don't forget the power of many.

When many more people join the community and use the bitcoin, the price will be much much higher. The price is related to the square of number of people.

That is called the network effect. I do wish the bitcoin will be used by millions more people and help their finance.

[Genemind]

The more people use it, the higher the price the bitcoin will be. I heard the Japan is going to legalize the bitcoin.

[Ziscadas]

The more people use it, the higher the price the bitcoin will be. I heard the Japan is going to legalize the bitcoin.

That is just a media report. But if the bitcoin is legalised in the Japan, it is good for the adoption there.