~415 - Break out up, or down?

[Kellor]

The price of bitcoin is expected to break out and go up by the time of halving. Til that price will be increasing and decreasing with small fluctuations around the range of $450.

If the $450 becomes the new centre of trading range, that would be excellent. That is almost 10% higher than the present one.

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[richardsNY]

The price will not go up or down in the short term. It is around $415 for the last two months. If it break out $470, it will go higher.

What makes the $470 price level so special for you to think it will make the price go up as soon as that price level is reached? I really don't see these signs.

[Siftanfib]

The price will not go up or down in the short term. It is around $415 for the last two months. If it break out $470, it will go higher.

What makes the $470 price level so special for you to think it will make the price go up as soon as that price level is reached? I really don't see these signs.

$470 was the peak of the last pump. The price dropped from there due to the block size increase conflict.

[NewInCryptoCurrency]

The price will not go up or down in the short term. It is around $415 for the last two months. If it break out $470, it will go higher.

What makes the $470 price level so special for you to think it will make the price go up as soon as that price level is reached? I really don't see these signs.

$470 was the peak of the last pump. The price dropped from there due to the block size increase conflict.

We never know what will happen with the value later in the future and that is the problem, it is really hard to predict the value.
But I think that there will be more people that is going to use Bitcoin and that they have the trust that it will rise.
The price is now stable and we all hope that it is going to rise soon.

[romero121]

The price of bitcoin is expected to break out and go up by the time of halving. Till that price will be increasing and decreasing with small fluctuations around the range of $450.

If the $450 becomes the new centre of trading range, that would be excellent. That is almost 10% higher than the present one.

Yeah it looks to be a big margin to make a good profit compared to today's price. Even if it increases to some 5% also more users will get benefited.

[Ulloa]

The price of bitcoin is expected to break out and go up by the time of halving. Till that price will be increasing and decreasing with small fluctuations around the range of $450.

If the $450 becomes the new centre of trading range, that would be excellent. That is almost 10% higher than the present one.

Yeah it looks to be a big margin to make a good profit compared to today's price. Even if it increases to some 5% also more users will get benefited.

The most people are thinking that it will rise in the future and that is a positive mind and also very good for the people that has already some Bitcoin.
But the bad thing is that you never know of course what is going to happen with the value, it is a currency and that is always changing but I think that it will rise slowly.

[kwukduck]

The price of bitcoin is expected to break out and go up by the time of halving. Till that price will be increasing and decreasing with small fluctuations around the range of $450.

If the $450 becomes the new centre of trading range, that would be excellent. That is almost 10% higher than the present one.

Yeah it looks to be a big margin to make a good profit compared to today's price. Even if it increases to some 5% also more users will get benefited.

The most people are thinking that it will rise in the future and that is a positive mind and also very good for the people that has already some Bitcoin.
But the bad thing is that you never know of course what is going to happen with the value, it is a currency and that is always changing but I think that it will rise slowly.

Of course we know what's going to happen.
If your car runs out of engine oil and has two broken wheels you know you're in for trouble right?

[LMGTFY]

Of course we know what's going to happen.
If your car runs out of engine oil and has two broken wheels you know you're in for trouble right?

What if the car seems fine, but the mechanic has been warning that the engine is going to explode every time the car's been serviced for the past two years? Or you bring the car in with a crack on the windshield and the mechanic does that sucking-in-air thing and starts telling you the car is "crashing"? Or the mechanic vaguely alludes to problems at a "fundamental" level, without ever explaining what they're talking about?

[kwukduck]

Of course we know what's going to happen.
If your car runs out of engine oil and has two broken wheels you know you're in for trouble right?

What if the car seems fine, but the mechanic has been warning that the engine is going to explode every time the car's been serviced for the past two years? Or you bring the car in with a crack on the windshield and the mechanic does that sucking-in-air thing and starts telling you the car is "crashing"? Or the mechanic vaguely alludes to problems at a "fundamental" level, without ever explaining what they're talking about?

What i'm talking about? Really?

Bitcoin does not scale. "We will solve it when it becomes a problem." is what we've heard for the past years, now it's becoming a problem and there is no working solution or even remotely a consensus of what a solution should look like. This will almost certainly result in at least one split chain when people start forking bitcoin and promoting their 'real bitcoin'.

Bitcoin does not offer reasonable (pseudo)anonymity. Something which has been one of the core ideas of bitcoin since the very start has been proven to be false and it's in fact very traceable and easy to correlate.

Mining centralization, it's not just happening, bitcoin mining is already very centralized, basically the whole thing is run and controlled by a hand full of people, which are probably the same people that own 99% of all bitcoins anyway.

Globally governments are criminalizing bitcoin (or crypto in general), either legally or on the media/public 'wall of shame'.

Banks are increasingly refusing to do business with bitcoin-related businesses.

Exchanges are getting locked down and want to know every little detail of your life. Who are you, what do you do, where do you live, where do your coins come from, how do you plan on using them, how many do you have. This is worse than what's happening with fiat, and on purpose of course, they need to destroy bitcoin to prevent it from catching on and getting development again.

[LMGTFY]

What i'm talking about? Really?

Bitcoin does not scale. "We will solve it when it becomes a problem." is what we've heard for the past years, now it's becoming a problem and there is no working solution or even remotely a consensus of what a solution should look like. This will almost certainly result in at least one split chain when people start forking bitcoin and promoting their 'real bitcoin'.

Bitcoin does not offer reasonable (pseudo)anonymity. Something which has been one of the core ideas of bitcoin since the very start has been proven to be false and it's in fact very traceable and easy to correlate.

Mining centralization, it's not just happening, bitcoin mining is already very centralized, basically the whole thing is run and controlled by a hand full of people, which are probably the same people that own 99% of all bitcoins anyway.

Globally governments are criminalizing bitcoin (or crypto in general), either legally or on the media/public 'wall of shame'.

Banks are increasingly refusing to do business with bitcoin-related businesses.

Exchanges are getting locked down and want to know every little detail of your life. Who are you, what do you do, where do you live, where do your coins come from, how do you plan on using them, how many do you have. This is worse than what's happening with fiat, and on purpose of course, they need to destroy bitcoin to prevent it from catching on and getting development again.

Oh noes. Bitcoin's scaling - a problem, apparently, that has been around for years - during which price continued its slow climb upwards (despite your belief that from $1 to over $400 constitutes a slow decline).

Mining centralization - damn those Chinese. Except - miners continue to mine using pools. Those Chinese pools are full of miners from all around the world. Whining about mining centralization now is as ludicrous as whining that the Czech Republic had mining sewn up back when Slush's pool was the only real game in town. Hint: miners and pools are not the same. Do tell me more about how miners are "probably the same people that own 99% of all bitcoins anyway" - ideally using evidenced facts and not "probablies".

Criminalizing Bitcoin? Oh noes noes noes. Like when you told us the European Union was criminalizing Bitcoin and it turned out that the European Commisssion had made recommendations (which individual governments were free to adopt - or not) - so that Europe would come into line with the US?

Banks are increasingly investigating blockchain technology. Banks were bloody awful back in the day, in some countries (the UK for example) they still are - but "increasingly refusing"? Hyperbole much?

Exchanges in Europe are coming into line with exchanges in the US, which in turn are falling into line with non-BTC exchanges. Don't like it, there's plenty of exchanges outside the EU and the US. And I'd love to know how this is "worse than what's happening with fiat".

Your go. Really.

[kwukduck]

What i'm talking about? Really?

Bitcoin does not scale. "We will solve it when it becomes a problem." is what we've heard for the past years, now it's becoming a problem and there is no working solution or even remotely a consensus of what a solution should look like. This will almost certainly result in at least one split chain when people start forking bitcoin and promoting their 'real bitcoin'.

Bitcoin does not offer reasonable (pseudo)anonymity. Something which has been one of the core ideas of bitcoin since the very start has been proven to be false and it's in fact very traceable and easy to correlate.

Mining centralization, it's not just happening, bitcoin mining is already very centralized, basically the whole thing is run and controlled by a hand full of people, which are probably the same people that own 99% of all bitcoins anyway.

Globally governments are criminalizing bitcoin (or crypto in general), either legally or on the media/public 'wall of shame'.

Banks are increasingly refusing to do business with bitcoin-related businesses.

Exchanges are getting locked down and want to know every little detail of your life. Who are you, what do you do, where do you live, where do your coins come from, how do you plan on using them, how many do you have. This is worse than what's happening with fiat, and on purpose of course, they need to destroy bitcoin to prevent it from catching on and getting development again.

Oh noes. Bitcoin's scaling - a problem, apparently, that has been around for years - during which price continued its slow climb upwards (despite your belief that from $1 to over $400 constitutes a slow decline).

Just because the price went up from point A to point B doesn't mean that it hasn't been in decline most of the time. The big spike by the willy-bot caused this high value but trendwise, most time was spent on a decline.

Mining centralization - damn those Chinese. Except - miners continue to mine using pools. Those Chinese pools are full of miners from all around the world. Whining about mining centralization now is as ludicrous as whining that the Czech Republic had mining sewn up back when Slush's pool was the only real game in town. Hint: miners and pools are not the same. Do tell me more about how miners are "probably the same people that own 99% of all bitcoins anyway" - ideally using evidenced facts and not "probablies".

Of course they consist of many small miners. The point is that the pools are in control and can push changes in the protocol easily before people would have time to notice and/or switch, causing again a hard fork at a later point if people will move away from those pools in big enough numbers.

Exchanges in Europe are coming into line with exchanges in the US, which in turn are falling into line with non-BTC exchanges. Don't like it, there's plenty of exchanges outside the EU and the US. And I'd love to know how this is "worse than what's happening with fiat".

MURICA!

[Oriannaa]

The price of bitcoin is expected to break out and go up by the time of halving. Till that price will be increasing and decreasing with small fluctuations around the range of $450.

If the $450 becomes the new centre of trading range, that would be excellent. That is almost 10% higher than the present one.

Yeah it looks to be a big margin to make a good profit compared to today's price. Even if it increases to some 5% also more users will get benefited.

The most people are thinking that it will rise in the future and that is a positive mind and also very good for the people that has already some Bitcoin.
But the bad thing is that you never know of course what is going to happen with the value, it is a currency and that is always changing but I think that it will rise slowly.

I say let it do its own thing and dont stress on up or down.

And instead focusing on the non wasted time to earn more btc or obtain it somehow. And let the traders worry about the daily price drama.

[richardsNY]

The price of bitcoin is expected to break out and go up by the time of halving. Till that price will be increasing and decreasing with small fluctuations around the range of $450.

If the $450 becomes the new centre of trading range, that would be excellent. That is almost 10% higher than the present one.

Yeah it looks to be a big margin to make a good profit compared to today's price. Even if it increases to some 5% also more users will get benefited.

The most people are thinking that it will rise in the future and that is a positive mind and also very good for the people that has already some Bitcoin.
But the bad thing is that you never know of course what is going to happen with the value, it is a currency and that is always changing but I think that it will rise slowly.

Of course we know what's going to happen.
If your car runs out of engine oil and has two broken wheels you know you're in for trouble right?

I agree that some things can be sorted out much better, but nothing is broken when it comes to Bitcoin. All things that need to be sorted out will get sorted out eventually. You keep hating on Bitcoin while you hold some Bitcoins yourself, what's wrong with you....

[Herbert2020]

The price of bitcoin is expected to break out and go up by the time of halving. Till that price will be increasing and decreasing with small fluctuations around the range of $450.

If the $450 becomes the new centre of trading range, that would be excellent. That is almost 10% higher than the present one.

Yeah it looks to be a big margin to make a good profit compared to today's price. Even if it increases to some 5% also more users will get benefited.

The most people are thinking that it will rise in the future and that is a positive mind and also very good for the people that has already some Bitcoin.
But the bad thing is that you never know of course what is going to happen with the value, it is a currency and that is always changing but I think that it will rise slowly.

Of course we know what's going to happen.
If your car runs out of engine oil and has two broken wheels you know you're in for trouble right?

I agree that some things can be sorted out much better, but nothing is broken when it comes to Bitcoin. All things that need to be sorted out will get sorted out eventually. You keep hating on Bitcoin while you hold some Bitcoins yourself, what's wrong with you....

those things that need sorting out are what keeping bitcoin back and preventing the rise at the moment.
2016 was supposed to be a big year for bitcoin and especially because of halving the price could go very high but things like the drama after drama stopped the process completely.

[LMGTFY]

What i'm talking about? Really?

Bitcoin does not scale. "We will solve it when it becomes a problem." is what we've heard for the past years, now it's becoming a problem and there is no working solution or even remotely a consensus of what a solution should look like. This will almost certainly result in at least one split chain when people start forking bitcoin and promoting their 'real bitcoin'.

Bitcoin does not offer reasonable (pseudo)anonymity. Something which has been one of the core ideas of bitcoin since the very start has been proven to be false and it's in fact very traceable and easy to correlate.

Mining centralization, it's not just happening, bitcoin mining is already very centralized, basically the whole thing is run and controlled by a hand full of people, which are probably the same people that own 99% of all bitcoins anyway.

Globally governments are criminalizing bitcoin (or crypto in general), either legally or on the media/public 'wall of shame'.

Banks are increasingly refusing to do business with bitcoin-related businesses.

Exchanges are getting locked down and want to know every little detail of your life. Who are you, what do you do, where do you live, where do your coins come from, how do you plan on using them, how many do you have. This is worse than what's happening with fiat, and on purpose of course, they need to destroy bitcoin to prevent it from catching on and getting development again.

Oh noes. Bitcoin's scaling - a problem, apparently, that has been around for years - during which price continued its slow climb upwards (despite your belief that from $1 to over $400 constitutes a slow decline).

Just because the price went up from point A to point B doesn't mean that it hasn't been in decline most of the time. The big spike by the willy-bot caused this high value but trendwise, most time was spent on a decline.

Mining centralization - damn those Chinese. Except - miners continue to mine using pools. Those Chinese pools are full of miners from all around the world. Whining about mining centralization now is as ludicrous as whining that the Czech Republic had mining sewn up back when Slush's pool was the only real game in town. Hint: miners and pools are not the same. Do tell me more about how miners are "probably the same people that own 99% of all bitcoins anyway" - ideally using evidenced facts and not "probablies".

Of course they consist of many small miners. The point is that the pools are in control and can push changes in the protocol easily before people would have time to notice and/or switch, causing again a hard fork at a later point if people will move away from those pools in big enough numbers.

Exchanges in Europe are coming into line with exchanges in the US, which in turn are falling into line with non-BTC exchanges. Don't like it, there's plenty of exchanges outside the EU and the US. And I'd love to know how this is "worse than what's happening with fiat".

MURICA!

OK, the price in decline thing. Could you provide a graph, chart, image or similar showing the price, uh, declining? Because when I look at the price over the last - hell, over the last pretty-much-any-period - I see an upward slope. Is it possible you're using a different definition of "downward" to the rest of the world?

The pools are no more in control than Slush was, or, perhaps more relevant, ghash.io when it started threatening the 51% mark. Pools are "in control" how, exactly? Do they point a gun to the heads of miners and force them to remain with ghash.io f2pool? Or are, as I believe, miners free to move from pool to pool?

I can't really argue with your last point (in part because I'm unsure what it even is). Yes, indeed, European exchanges are following American exchanges. In much the same way much of European life follows much of US life. It is sad, I agree, but hardly earth-shattering, and hardly Bitcoin-destroying. Thank goodness for Eastern Europe and Asia.

You've missed the parts about criminalizing Bitcoin and banks. Take your time.

Oh noes. Bitcoin's scaling - a problem, apparently, that has been around for years - during which price continued its slow climb upwards (despite your belief that from $1 to over $400 constitutes a slow decline).

Mining centralization - damn those Chinese. Except - miners continue to mine using pools. Those Chinese pools are full of miners from all around the world. Whining about mining centralization now is as ludicrous as whining that the Czech Republic had mining sewn up back when Slush's pool was the only real game in town. Hint: miners and pools are not the same. Do tell me more about how miners are "probably the same people that own 99% of all bitcoins anyway" - ideally using evidenced facts and not "probablies".

Criminalizing Bitcoin? Oh noes noes noes. Like when you told us the European Union was criminalizing Bitcoin and it turned out that the European Commisssion had made recommendations (which individual governments were free to adopt - or not) - so that Europe would come into line with the US?

Banks are increasingly investigating blockchain technology. Banks were bloody awful back in the day, in some countries (the UK for example) they still are - but "increasingly refusing"? Hyperbole much?

Exchanges in Europe are coming into line with exchanges in the US, which in turn are falling into line with non-BTC exchanges. Don't like it, there's plenty of exchanges outside the EU and the US. And I'd love to know how this is "worse than what's happening with fiat".

Your go. Really.

[n0ne]

Well predictions can be made with some expectations. Likewise the price looks to go on the increasing side than falling. If its to fall then already the price could have went down of $400 than staggering around $415 for long term.

[Kellor]

Well predictions can be made with some expectations. Likewise the price looks to go on the increasing side than falling. If its to fall then already the price could have went down of $400 than staggering around $415 for long term.

The price will be around $420 for some time. There is no big news to drive the price up or down now.

[panju1]

Well predictions can be made with some expectations. Likewise the price looks to go on the increasing side than falling. If its to fall then already the price could have went down of $400 than staggering around $415 for long term.

The price will be around $420 for some time. There is no big news to drive the price up or down now.

We have seen major movements, up and down, without any big news coming out.
We have moved beyond those days when the price went up when a major retailer started accepting bitcoin.

[Mr.grin]

Well predictions can be made with some expectations. Likewise the price looks to go on the increasing side than falling. If its to fall then already the price could have went down of $400 than staggering around $415 for long term.

The price will be around $420 for some time. There is no big news to drive the price up or down now.

We have seen major movements, up and down, without any big news coming out.
We have moved beyond those days when the price went up when a major retailer started accepting bitcoin.

bitcoin prices may be stable at the price of $ 415 for a long time. but I believe that the price of bitcoin will rise in April of this, the development may cost around $ 450-480

[airezx20]

I think this is the same as week ago that the price is like that low and nearly 410 but in few day the price is increasing fast..
And i think it will happen again.. sooner..