Bitcoin Primed

[Cozynunu]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

maybe maybe not last time same prediction were maid and few months later we had biggest high in btc price so far
i will be patience this time i will not rush like then

Banks are hating Bitcoin because the value is going to rise more and more and it is also becoming more popular so that is nice for the currency itself.
And the transaction cost are also much lower than the banks and it happens also much faster so that is the nice thing of Bitcoin.

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[dumpida]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

maybe maybe not last time same prediction were maid and few months later we had biggest high in btc price so far
i will be patience this time i will not rush like then

Banks are hating Bitcoin because the value is going to rise more and more and it is also becoming more popular so that is nice for the currency itself.
And the transaction cost are also much lower than the banks and it happens also much faster so that is the nice thing of Bitcoin.

If the banks use the bitcoin, it will cut their operating cost quite lot. They are evaluting at the moment. If they are allowed to use it, they will use it.

[Unidonade]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

maybe maybe not last time same prediction were maid and few months later we had biggest high in btc price so far
i will be patience this time i will not rush like then

Banks are hating Bitcoin because the value is going to rise more and more and it is also becoming more popular so that is nice for the currency itself.
And the transaction cost are also much lower than the banks and it happens also much faster so that is the nice thing of Bitcoin.

If the banks use the bitcoin, it will cut their operating cost quite lot. They are evaluting at the moment. If they are allowed to use it, they will use it.

Banks are there to make the money. They will use anything allowed by the regulatory to make profits.

[Yatsida]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

maybe maybe not last time same prediction were maid and few months later we had biggest high in btc price so far
i will be patience this time i will not rush like then

Banks are hating Bitcoin because the value is going to rise more and more and it is also becoming more popular so that is nice for the currency itself.
And the transaction cost are also much lower than the banks and it happens also much faster so that is the nice thing of Bitcoin.

If the banks use the bitcoin, it will cut their operating cost quite lot. They are evaluting at the moment. If they are allowed to use it, they will use it.

Banks are there to make the money. They will use anything allowed by the regulatory to make profits.

If the banks can make more money by providing service with bitcoin, they will lobby the authority to do that.

[dumpida]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

maybe maybe not last time same prediction were maid and few months later we had biggest high in btc price so far
i will be patience this time i will not rush like then

Banks are hating Bitcoin because the value is going to rise more and more and it is also becoming more popular so that is nice for the currency itself.
And the transaction cost are also much lower than the banks and it happens also much faster so that is the nice thing of Bitcoin.

If the banks use the bitcoin, it will cut their operating cost quite lot. They are evaluting at the moment. If they are allowed to use it, they will use it.

Banks are there to make the money. They will use anything allowed by the regulatory to make profits.

If the banks can make more money by providing service with bitcoin, they will lobby the authority to do that.

The banks are adopting the block chain technolgy to cut the operating cost. If they use bitcoin, they can cut cost further.

[afbitcoins]

Just noticed my thread has been bumped so might aswell post a chart! Thanks for keeping my thread going

Heres 1week log chart on Bitstamp



My take on it is that there are two mini bubbles in this bull trend. The first was the spike to $500 the last was the spike up past $700. At the moment we are still correcting from that last bubble, I think bitcoin will probably stay a bit flat or down perhaps until September or later.

Ultimately with supply halved, and possibility of stock market collapse, economic crisis, bank bailouts and all that stuff still looking like it could easily happen, I still think bitcoin has potential to achieve great new highs in the longer term.

[afbitcoins]

Although not following my initial predictions/guesses, when I started this thread bitcoin was at about $320 now at roughly $750, not too bad so far.  

For anyone that may be interested my thoughts on recent gold, silver and bitcoin post Trump victory are on my blog

https://afbitcoins.wordpress.com/2016/11/22/gold-and-silver-trumped/

[Fakhoury]

Although not following my initial predictions/guesses, when I started this thread bitcoin was at about $320 now at roughly $750, not too bad so far.  

For anyone that may be interested my thoughts on recent gold, silver and bitcoin post Trump victory are on my blog

https://afbitcoins.wordpress.com/2016/11/22/gold-and-silver-trumped/

I guess brother as far as we are in the pitch fork and didn't violate it, we are in a good standing (I'm referring to the latest pitch fork in your blog post), we just need to come closer to the median and I guess this is highly possible before 12/31.

[afbitcoins]

Hi Fakhoury, heres a closer look at that fork.



Hopefully it is highly possible, if bitcoin does continue up past current levels to reach to the median that would take it to about $840.

[afbitcoins]

Same fork zoomed out further

[Denker]

Same fork zoomed out further

Nice upwards channel we are in right now.
I would say give it another 2-3 months and we may see the real halving effect kicking in.
It happenend back in 2012/2013 and I believe we will see similar things to happen again.
This could push us even higher.I'm hoping for a 2x of the price at halving day, this would result in a price of around $1270.

[jondeen707]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

maybe maybe not last time same prediction were maid and few months later we had biggest high in btc price so far
i will be patience this time i will not rush like then

Banks are hating Bitcoin because the value is going to rise more and more and it is also becoming more popular so that is nice for the currency itself.
And the transaction cost are also much lower than the banks and it happens also much faster so that is the nice thing of Bitcoin.

If the banks use the bitcoin, it will cut their operating cost quite lot. They are evaluting at the moment. If they are allowed to use it, they will use it.

Banks are there to make the money. They will use anything allowed by the regulatory to make profits.

If the banks can make more money by providing service with bitcoin, they will lobby the authority to do that.

The banks are adopting the block chain technolgy to cut the operating cost. If they use bitcoin, they can cut cost further.

Don't get it wrong, banks are not interested in utilizing Bitcoin's blockchain, they are after creating their own ones based on the original blockchain design so that they maintain 100% control over them.

[azguard]

Misplaced optimism, I fear. There's no sky-rocketing any more. We'll lurch from $10 price rise/fall every few days until the halving in July, maybe up to 600 if we're lucky. After July, we'll see price collapse to 300-350. There's way too much expectation of rise to the moon, don't forget bitcoin always does the opposite of your expectations.

maybe maybe not last time same prediction were maid and few months later we had biggest high in btc price so far
i will be patience this time i will not rush like then

Banks are hating Bitcoin because the value is going to rise more and more and it is also becoming more popular so that is nice for the currency itself.
And the transaction cost are also much lower than the banks and it happens also much faster so that is the nice thing of Bitcoin.

If the banks use the bitcoin, it will cut their operating cost quite lot. They are evaluting at the moment. If they are allowed to use it, they will use it.

Banks are there to make the money. They will use anything allowed by the regulatory to make profits.

If the banks can make more money by providing service with bitcoin, they will lobby the authority to do that.

The banks are adopting the block chain technolgy to cut the operating cost. If they use bitcoin, they can cut cost further.

Don't get it wrong, banks are not interested in utilizing Bitcoin's blockchain, they are after creating their own ones based on the original blockchain design so that they maintain 100% control over them.

this is absolutely true they try to create it for few year but they wont do it like they think it would be
for cost bank will increase interest on every single transaction that why they want to create there own blockchain but they will faild

[afbitcoins]

Another chart



Bitcoin still seems to be obeying bullish trend, which i like Found support more than once on the second trendline up from bottom of my fork. So I guess we seem to be aiming for median line which is now above $850 roughly.  Currently we are approaching level of the last peak in June which may provide a bit of resistance though.

If bitcoin can continue upwards to top of the fork that is getting to new all time highs territory  

[RyNinDaCleM]

Another chart



Bitcoin still seems to be obeying bullish trend, which i like Found support more than once on the second trendline up from bottom of my fork. So I guess we seem to be aiming for median line which is now above $850 roughly.  Currently we are approaching level of the last peak in June which may provide a bit of resistance though.

If bitcoin can continue upwards to top of the fork that is getting to new all time highs territory  

I agree with all but the bold.
I'm waiting for $850 before I even look at a chart again.

[afbitcoins]

Interesting price action on bitstamp, (and I presume other exchanges too) spiking above and then spiking back below the resistance line on my previous chart. Could this be the start of the next leg up over $800 ??

[afbitcoins]

As expected / hoped for bitcoin reeached median line of my fork



At that median it looks like resistance has been hit.

On one hour chart, tried to break through but couldn't sustain



I guess we'll have some consolidation at these levels now but for how long. If bitcoin pushes up through that median line, I would say new all time highs beckon shortly after.

[Afrikoin]

What is the state of the fork?

Update please

TIA