qu.fadep (OP)
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Activity: 37
Merit: 0
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November 17, 2015, 01:01:46 PM |
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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November 18, 2015, 12:03:30 AM |
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If by minor trend you think this is merely a counter trend rally amongst the larger bear trend (which is a counter trend to your primary trend), then yes! I are agree! !!! |
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InvoKing
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Activity: 2142
Merit: 1065
✋(▀Ĺ̯ ▀-͠ )
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November 18, 2015, 12:16:08 AM |
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To make things clear:  And I agree with you in the primary trend, for the rest dunno i think it is more complicated. |
PSPD:law and order enforcement!
Press Section Police Department!
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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November 18, 2015, 01:20:01 AM |
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So you're saying a crash to $150-200 ish?
Or a steady rise in value with crazy up and down swings lol.
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Amph
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Activity: 3206
Merit: 1069
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November 18, 2015, 08:34:31 AM |
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i don't like when there is too much focus on comparing the future with the past, this is something unprecedent, or not exactly like in the past
it could go either way, but if the sentiment among everyone is toward the increase, it will increase simple as that
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1Referee
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Activity: 2170
Merit: 1427
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November 18, 2015, 10:02:28 AM |
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i don't like when there is too much focus on comparing the future with the past, this is something unprecedent, or not exactly like in the past
it could go either way, but if the sentiment among everyone is toward the increase, it will increase simple as that
You are right. Comparing current market sentiment and trends with how it was back in the days a few years ago makes no sense anymore. We are much further now and there is much more money involved. We are now also facing the block halving that will surely cause a massive increase in demand over the comming years. These times are the times to accumulate coins as much as you still can. After the block halving it will be much harder for sure. |
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Mickeyb
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November 18, 2015, 10:32:12 AM |
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i don't like when there is too much focus on comparing the future with the past, this is something unprecedent, or not exactly like in the past
it could go either way, but if the sentiment among everyone is toward the increase, it will increase simple as that
You are right. Comparing current market sentiment and trends with how it was back in the days a few years ago makes no sense anymore. We are much further now and there is much more money involved. We are now also facing the block halving that will surely cause a massive increase in demand over the comming years. These times are the times to accumulate coins as much as you still can. After the block halving it will be much harder for sure. I tend to agree with you guys. Market dynamics are so much different than during the last bubble. Heck, then we had one decent exchange and that was about it. No VC money invested and we were pretty much unknown and those who knew us thought that we are just a pyramid scheme. Things are so much different at the moment and we can really expect something different in my opinion! I think that we will break easily last highs before the upcoming halving! |
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qu.fadep (OP)
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Activity: 37
Merit: 0
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November 21, 2015, 04:37:04 PM |
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for me the real price of BTC is 300$. every price down this threshold is oversold.
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Jwalker.
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Activity: 18
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November 21, 2015, 04:40:14 PM |
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for me the real price of BTC is 300$. every price down this threshold is oversold.
I have to agree, Anything under $300-$400 is the price range of Bitcoin. |
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NorrisK
Legendary
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Activity: 1946
Merit: 1007
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November 21, 2015, 05:01:54 PM |
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I tend to agree with most of your graph. The primary trend looks ok, but maybe it should be a bit steeper (touch the bottoms at the start and the one at 180).
Also, accumulation is probably still going on, or has restarted after the last minor trend in your graph.
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afbitcoins
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Activity: 2100
Merit: 1061
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November 21, 2015, 11:52:32 PM |
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Not sure the point of the minor trends but I agree with your accumulation phase.
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The Sceptical Chymist
Legendary
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Activity: 3332
Merit: 6826
Cashback 15%
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November 21, 2015, 11:56:40 PM |
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Technical analysis is scuntwork for the masses. You can draw pretty lines in nice, bright colors and all that other foolishness, but it's meaningless. If you don't have the power to predict what the price of bitcoin is going to be next week, it's useless. And if you do, you're rich.
Question: Are you rich?
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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November 22, 2015, 02:56:38 AM |
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Your first "frustration" mark was the aftermath of news from China government making trading btc illegal. You haven't been around long, have you?
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andreld
Full Member
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Activity: 202
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
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November 22, 2015, 09:14:16 AM |
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for me the real price of BTC is 300$. every price down this threshold is oversold.
I have to agree, Anything under $300-$400 is the price range of Bitcoin. The price under $300-$400 is the price range of Bitcoin for the current situation of adoption. With more adoption, the price will rise. |
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ReigningPigs
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Activity: 31
Merit: 0
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November 23, 2015, 09:12:49 PM |
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The price
under $300-$400 is the price range of Bitcoin for the current situation of adoption. With more adoption, the price will rise.
Well, more people will adopt Bitcoin if the price stabilizes. When more people adopt Bitcoin, the value will start shooting up again and subsequently cause the price to become unstable. It seems like Bitcoin will have a hard time whichever way you look at it. |
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andreld
Full Member
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Activity: 202
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
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February 01, 2016, 09:18:46 AM |
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The price
under $300-$400 is the price range of Bitcoin for the current situation of adoption. With more adoption, the price will rise.
Well, more people will adopt Bitcoin if the price stabilizes. When more people adopt Bitcoin, the value will start shooting up again and subsequently cause the price to become unstable. It seems like Bitcoin will have a hard time whichever way you look at it. The value of bitcoin is based on its usefulness. At present, only few than 1 million people use it. The value is about $6bn. When 10 million people use it, the value will be $600 bn. |
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