QuintLeo
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November 21, 2015, 02:13:15 PM |
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The last bubble was due to BTCC (and probably other Chinese exchanges) taking direct deposits for the first time in quite a long time, feeding a "buy" frenzy out of China.
It's over, now the current news is overall negative (the EU tighten regulation stuff) and will probably drive Bitcoin back down again over the next few months - I'm guessing $250 will be the new floor, as the Chinese frenzy DID get a lot more folks into Bitcoin and probably most of those folks will want to hold on for a level they can resell at a profit.
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I'm no longer legendary just in my own mind! Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin) 1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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jaredboice
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November 21, 2015, 02:33:43 PM |
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It's open source, there's only going to be 21 Million of them, and it allows transmission of data and value with no borders or boundaries, without a middle man, and doesn't need anyone's permission, and it does so for little to no fees. Bitcoin will easily be worth thousands. Please stop the trolling about how BTC is just a scam
An AK47 is just a pile of wood and metal. It's the people who use it who do all the damage. Same goes for BTC's present condition. It needs to get into the hands of those who have a proper use for it and then it can flourish. Unfortunately they might continue to be scared away by the powerful minority who ravage it at will on the markets. That is of course their human right but they hold the price cards even after all this progress. Hopefully the cavalry will come from those who are beavering away with useful applications for it but perhaps the clock is ticking. I don't see it as the clock is ticking, as if there's only some abstract frame of time to get bitcoin adopted. It's simply a matter of time. If it continues to exhibit exponential growth, it won't take long. No damage can really be done to bitcoin by anyone. People do stupid and illegal things with all currencies. The fact that stupid and illegal things are done with bitcoin is just evidence of its perceived value. I don't see anyone being scared away by some powerful minority. I see a 30 Million Percent increase in 6-7 years, and it's still going. Even if whales can influence the price up or down with dramatic coordinated moves, they can still only influence the price direction. And those big corrections put Bitcoin in the media, attracting new fish. The Silk Road story was supposed to destroy Bitcoin. And the price dropped real quick, only to rebound and slingshot in an upwards direction
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Amph
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November 21, 2015, 03:43:09 PM Last edit: November 23, 2015, 07:50:03 PM by Amph |
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I'm going for $500
and then it will go back down to a steady 400 - 450
Just me speculating here.
500 is not even 100% that not a real bubble, the last ath was a rally bubble, the new bubble must confirm a new ath to be called so otherwise i would just call it a pump still it will be tough to match the last ath by the look of how the things are going
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newbitcoins
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November 23, 2015, 04:44:45 PM |
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I'm going for $500
and then it will go back down to a steady 400 - 450
Just me speculating here.
500 is not even 100% that not a real bubble, the lst ath was a rally bubble, the new bubble must confirm a new ath to be called so otherwise i would just call it a pump still it will be tough to match the last ath by the look of how the thing are going In 2013, the top of the price was about 12 times of the starting price. If the new bubble starts from $230, 12 times of that is $2760.
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OC19850520
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November 23, 2015, 04:53:58 PM |
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there is no bubble in near future (1 month ) we will see next in late December or early January that may take it to 600$/BTC
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angaper
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November 23, 2015, 05:21:03 PM |
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I see bitcoin stable at $300 for several months, perhaps at the middle of next year we will see a little rally to $800-1000, and its new floor will be $500-600 next year.
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buddu
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November 23, 2015, 05:25:28 PM |
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There is not any bubble because price are stable over 320 $ and it will continue this trend for some period.At the start of next year there will be seen again some rise in price which will be steady till halving and then huge high in price.
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jtalk
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November 23, 2015, 05:34:13 PM |
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As long as the price are under 1000 $ there is no bubble as this is just pure speculation and investment in bitcoin.I will begin to think about this if price reaches over 1000 $ in very short time but if it increases gradually then I say it is going good way.
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amrulshare
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November 23, 2015, 06:44:25 PM |
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As long as the price are under 1000 $ there is no bubble as this is just pure speculation and investment in bitcoin.I will begin to think about this if price reaches over 1000 $ in very short time but if it increases gradually then I say it is going good way.
I agree on this. The bubble is not here at this moment. It will come when we surpass 800/900 usd. In my perception a fair value of bitcoin is 350 usd.
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The main key to success is in the value of assets that are getting more valuable. Recommended Crypto Trading platform Binance.com
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srgkrgkj
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November 23, 2015, 06:57:21 PM |
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As long as the price are under 1000 $ there is no bubble as this is just pure speculation and investment in bitcoin.I will begin to think about this if price reaches over 1000 $ in very short time but if it increases gradually then I say it is going good way.
I agree on this. The bubble is not here at this moment. It will come when we surpass 800/900 usd. In my perception a fair value of bitcoin is 350 usd. B9tcins true value is no where near 359 in my opinion I'd say 650 would be a reasonable estimate considering the new amount 9f bitc9jn flowing in right mate ??
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Pollak
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Pollak
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November 23, 2015, 07:43:57 PM |
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As long as the price are under 1000 $ there is no bubble as this is just pure speculation and investment in bitcoin.I will begin to think about this if price reaches over 1000 $ in very short time but if it increases gradually then I say it is going good way.
I agree on this. The bubble is not here at this moment. It will come when we surpass 800/900 usd. In my perception a fair value of bitcoin is 350 usd. B9tcins true value is no where near 359 in my opinion I'd say 650 would be a reasonable estimate considering the new amount 9f bitc9jn flowing in right mate ?? On what grounds to you base that? I for one think 280 USD is a good price for bitcoin. I base that on the fact the before the bubble 190, we we right on track. Then 2 years passed and this would be a good value in terms of progress.
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makingwin1
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November 23, 2015, 09:06:37 PM |
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if there will be another bubble the max will be about a thousand imo
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Newcoins2020
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November 23, 2015, 09:17:50 PM |
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I don't see a bubble coming this time. Just a steady rise with high ups and correctoins.
The future is bright my friends.
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sanandreas
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November 23, 2015, 10:21:24 PM |
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The top was $502 for Bitstamp. Now we are waiting new bubble and the new top will be $700. It'll happen in January 2016 so prepare yourself.
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Next BillG
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December 06, 2015, 11:23:38 AM |
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The price is over $400 again. It seems a new wave of rise is coming. The price could reach $500 by the end of the year.
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Guido
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December 07, 2015, 05:41:59 PM |
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The top was $502 for Bitstamp. Now we are waiting new bubble and the new top will be $700. It'll happen in January 2016 so prepare yourself.
I agree, can see this sort of scenario I am certain (in my own mind) 2016 see ATH for bitcoin, possible in 2500 range
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I am Bonkers BTW Crypto OG + Digital Artist
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richardsNY
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December 07, 2015, 05:57:16 PM |
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The top was $502 for Bitstamp. Now we are waiting new bubble and the new top will be $700. It'll happen in January 2016 so prepare yourself.
I agree, can see this sort of scenario I am certain (in my own mind) 2016 see ATH for bitcoin, possible in 2500 range I think it's very possible for us to see a new ATH in 2016. I only don't think it will be in the $2500 range. I am more tthinking at $1200-$1500 at most.
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ReigningPigs
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December 07, 2015, 06:03:40 PM |
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$700 probably, I doubt Bitcoin will ever go above $1000 again unless there is a mass adoption.
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maokoto
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December 07, 2015, 06:39:55 PM |
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I think that the bubble will not go much higher than 500 or 600. But, as always, I hope I am wrong!
Perhaps this raise we are in is it.
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Amph
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December 07, 2015, 07:32:21 PM |
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$700 probably, I doubt Bitcoin will ever go above $1000 again unless there is a mass adoption.
there was not a mass adoption last time we went to 1200, but we did it, and the last pump also was not driven by any huge adoption, but we touched 500 easily it's beyond me how everyone is still thinking that 1k is unreachable or an hard goal, it does not even matter, 1k is only the beginning if you look at the whole picture
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