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

[Nxtblg]

I have to second that because it's in line with my own thoughts. Using Marc Andressen's now-famous timeline suggest that a real monster bubble won't hit critical mass until the start of the next decade & feature a new class of NASDAQ hotties that began as blockchain startups.

I can't seem to find a picture of this timeline.  Can you link me?

As far as I know, there isn't one. I was going by a "timeline" in my head. Looks like I used the wrong word.

[spazzdla]

[spazzdla]

Warning, incoming shake out.
Warning, incoming shake out.

We will bounce off $450-500,  many will pussy out, don't be like the guy on this forum that spams about how BTC is going to zero because you locked in your profits at $20 and now it's $700. 

When you brag about selling and doubling your money today, tomorrow (figuratively) when it's 100x when you bought it, you will not have happy words.

[americanpegasus]

Yeah.  I personally predict that after the halving, when people see their Bitcoins aren't imminently going to moon, they will panic and sell to try to lock in profit.  This will lead to a stampede to the exits, and we will crash to $200 to $400. 
 
Then, and only after we re-consolidate at those levels can the true moon mission begin preparations.

[ssmc2]

Yeah.  I personally predict that after the halving, when people see their Bitcoins aren't imminently going to moon, they will panic and sell to try to lock in profit.  This will lead to a stampede to the exits, and we will crash to $200 to $400. 
 
Then, and only after we re-consolidate at those levels can the true moon mission begin preparations.

IMHO you're right about a panic sell but I only see it being a flash crash. Consolidation at those levels has already happened. Only some lucky ones will be able to buy back in at those prices.

[katafrag]

The day of the Brexit will be a giganturical shake out

BUT

5 days later we will be back in business

[r0ach]

You do realize the original poster claimed the price would crash when it was at $420, before it went to $700 right? lol  Now you're all going back and pretending he said it would crash after the rise?

[M28MmickT]

You do realize the original poster claimed the price would crash when it was at $420, before it went to $700 right? lol  Now you're all going back and pretending he said it would crash after the rise?

The graph doesnt said it was going to crash at 400, but at half price of ATH that is around 600.

Btw very good chart op.

[americanpegasus]

You do realize the original poster claimed the price would crash when it was at $420, before it went to $700 right? lol  Now you're all going back and pretending he said it would crash after the rise?

Did you happen to look at where the crosshairs are sitting?    ...within 15 cents of the BitFinex high.  You're welcome.

You do realize the original poster claimed the price would crash when it was at $420, before it went to $700 right? lol  Now you're all going back and pretending he said it would crash after the rise?

The graph doesnt said it was going to crash at 400, but at half price of ATH that is around 600.

Btw very good chart op.

The fractal suggests a dip, a period of stability, and then a crash.  I can't say for sure it will happen now, but it should happen before $1000.

[spazzdla]

[freshman777]

Price will bottom at $650, not so epic but still significant.

[vokain]

https://www.reddit.com/r/BitcoinMarkets/comments/4p1yk6/bitfinex_outage_megathread/

[spazzdla]

Price will bottom at $650, not so epic but still significant.

Alas, it will not hold.

[zimmah]

Do you think we're in a shakeout right now, or will we go down even more?

I'll hold through it anyway, because I'm not crazy.

[spazzdla]

Price will bottom at $650, not so epic but still significant.

and there goes $650.

Target is 450-500.. I have a feeling that will hold until the having then we will test $200 one last time, many people will regret selling hard core in one years time.

[freshman777]

Now we're gonna dance around mark of the beast number a few times to scare the shit out of brave souls who haven't jumped off yet, hold your pants gents.

[bitcoinboy12]

Price will bottom at $650, not so epic but still significant.

and there goes $650.

Target is 450-500.. I have a feeling that will hold until the having then we will test $200 one last time, many people will regret selling hard core in one years time.

Yep, I have a feeling that this is actually what would happen. A price spike just as this, followed by an extreme low. Then after that would grow consistent and stable.

[Dafar]

Price will bottom at $650, not so epic but still significant.

and there goes $650.

Target is 450-500.. I have a feeling that will hold until the having then we will test $200 one last time, many people will regret selling hard core in one years time.

Hell fucking no... after halving that price just does not make sense unless some GOX 2.0/DAO 2.0 catastrophe happens. Plenty of miners will go out of business and at that point they will just hold the bitcoin and create an artificial demand

[americanpegasus]

[americanpegasus]

More dumps today.  $620 breached.