There is an epic shakeout coming this year before the giga-spike.

[Denker]

I don't know.Just because something happened in the past doesn't mean it will happen again.
And even if it would, I'll be fine and would try to take advantage of that.If others don't want their coins anymore and dump them massively I'll be happy and pick them up for a really nice price!Thanks in advance!

[Wendigo]

so I will be reach and able to leave my day-job? good, thanks for info.

If I were you I would be holding onto that resignation letter for a while longer as you might end up in a bind real fast   Don't believe blindly in graphs as even though history tends to repeat itself nothing is set in stone and the price of Bitcoin may very well not reach the height people expect it to. But I would like to add that I hope the price sky rockets and everyone is going to make a pretty penny out of this upcoming pump.

We need to stay grounded though lol.

[pooya87]

many have tried to shakeout the weak hands in the past few weeks but none of the has worked so far to be "epic" and the rise or giga spike as you put it seems to be delayed because whales aren't apparently satisfies with what they have accumulated so far!

[1Referee]

I have been in Bitcoin long enough to know that the price has to go down heavily at some point, but I don't think it will be as severe as OP is talking about. If the price goes up to $500-$550 this year, then the the lowest point it may reach is just over $400 if it indeed happens to go down that much. That's the worst case scenario.

[Amph]

Waiting to buy at 150$...

you will wait forever, there is no way this new pattern is leadin us to sub 200 ever again

how can someone even think about this is behind me, apart from trolling

[600watt]

craig wright tried hard to spark that shakeout. 

[Nxtblg]

Waiting to buy at 150$...

you will wait forever, there is no way this new pattern is leadin us to sub 200 ever again

how can someone even think about this is behind me, apart from trolling

For the obvious reason. Myself, I miss the days when I could buy BTC below $250-300.

But speaking of giga-spikes: if I recall correctly, the last one which propelled Bitcoin from ~$100 to four digits was triggered by the Cyprus bail-in. Remember it? Some folks discovered that Bitcoin was a way to get out of Dodge. Less informally, they discovered one of Bitcoin's use cases: remitting money across a jurisdictional border quickly & cheaply.

What if Donald Trump becomes President-Elect Donald Trump and starts to make a lot of serious noises about taxing remittances to Meheeco or even blocking them entirely? He as President can only block money transmissions through the banking system. If I were a straight Bitcoin evangelist, I'd be sorely regretting not having learned Mexicano.

[Doomer]

I have been in Bitcoin long enough to know that the price has to go down heavily at some point, but I don't think it will be as severe as OP is talking about. If the price goes up to $500-$550 this year, then the the lowest point it may reach is just over $400 if it indeed happens to go down that much. That's the worst case scenario.

This has happened already.
Twice in the last 12 months.

Nov 4, 2015  --- $408.74
Nov 11, 2015 --- $312.58

Jan 7, 2016  --- $458.28
Jan 15, 2016 --- $358.77

(The first was a bubble burst after parabolic rise, the second was Mike Hearn's ragequit.)

Currently, we are not in a bubble. Not even in start of a bubble.
We are in bearish stability instead, waiting possible good news (but not here yet) from SegWit patch, Lightning, etc.
In fact a possible slow, smooth rise from $460 to $500 can't be regarded a bubble either.

[ask]

Waiting to buy at 150$...

you will wait forever, there is no way this new pattern is leadin us to sub 200 ever again

how can someone even think about this is behind me, apart from trolling

I have time.  And some have leveraged longs... 

[Assmaster2000]

But speaking of giga-spikes: if I recall correctly, the last one which propelled Bitcoin from ~$100 to four digits was triggered by the Cyprus bail-in. Remember it? Some folks discovered that Bitcoin was a way to get out of Dodge. Less informally, they discovered one of Bitcoin's use cases: remitting money across a jurisdictional border quickly & cheaply.

Lol, this is another great case of "Manyachka got blind drunk on the night of June 21, 1941, and on the 22nd Hitler invaded Russia. Therefore, if you see manyachka staggering up the stairs, get ready for WW3."
Guess what? Greeks weren't buying your bitcoins, it was some shitty French AI named Willy

[americanpegasus]

The Monero chart is the real reason you made this post.  There is no reason anyone should be holding altcoins during the BTC halving unless they want to lose money, so please, don't make up nonsense to try and prevent alts from going down:

 
 
You're right, everyone knows that to be a fact.  And in the wisdom I've acquired in my years in the markets, when 'everyone knows' something - look out.

[jaredboice]

Flash crashes can occur at any time. If you're not a trader, just buy and hold and ride it out.

[zby]

That was a hard for event back then: https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki

It can happen again sure - but I would not put much weight into that possibility.

That said, a cascade of margin calls is quite possible with this level of leverage.

[alyssa85]

I have been in Bitcoin long enough to know that the price has to go down heavily at some point, but I don't think it will be as severe as OP is talking about. If the price goes up to $500-$550 this year, then the the lowest point it may reach is just over $400 if it indeed happens to go down that much. That's the worst case scenario.

This has happened already.
Twice in the last 12 months.

Nov 4, 2015  --- $408.74
Nov 11, 2015 --- $312.58

Jan 7, 2016  --- $458.28
Jan 15, 2016 --- $358.77

(The first was a bubble burst after parabolic rise, the second was Mike Hearn's ragequit.)

Currently, we are not in a bubble. Not even in start of a bubble.
We are in bearish stability instead, waiting possible good news (but not here yet) from SegWit patch, Lightning, etc.
In fact a possible slow, smooth rise from $460 to $500 can't be regarded a bubble either.

That is a good analysis. But don't underestimate how many people are hodling because of the halving. They are providing the floor. If there arn't any positive developments by July, they'll sell and down we go again.

[mv__]

Now since you have expose it, it won't happen.

[freshman777]

How can Bitcoin grow if new users are not allowed to join this crowded bus, my poor logic can't explain it. Anyone?

[Drekavac]

Some folks here are very comfortable to talk here about future, Everything is possible and we are mortal also.

[Andy777s]

Makes sense. Everyone and their grandmother is bullish on btc. Bulltalk and bullish charts everywhere. BTC needs some good shakeout before a proper bullrun.

[Drekavac]

Makes sense. Everyone and their grandmother is bullish on btc. Bulltalk and bullish charts everywhere. BTC needs some good shakeout before a proper bullrun.

What do you think what people first think when they hear -shake out-? Collect as much as you can..so you know what can happen soon after..

[mrhelpful]

It's like the dot com bubble, it'll be a few years before we return to the heights we saw in 2013. And you can forget about a bubble too, that ain't happin'.....

This is probably the close sentence that anyone can get to relate to how bitcoin is really in a nutshell for pricing..etc.

The question would then for me I would ask is, the comparison to the companies actually serve the community and how many are actually impacting it to prevent it being a bubble.

The dot com bubble was mainly companies that got funding, but served no purpose.