This is starting to resemble late 2013

[WaffleMaster]

The climb to halving will be great. And then next thing you know after the halving there will be a massive sell off and then probably a bounce back up and stabilize. So get it will the getting is good.

[Cybertron00]

Well I think it will be different now but it can be the same, ill just set a goal to sell my bitcoin. If it was to reach 1000$ again I will convert all my bitcoin to fiat and wait for it to dump hard then buy again, then wait for it to stabilize and pump. 

[sdp]

Parabolic market action like this can only end one way.

Really should know better by now, cos there has not been one single Bitcoin primary move, that has not ended with a great big fkn pop, up, or down.....

....but to be fair to myself, I always did believe in this...I just wanted to see a correction before I took a further position.....correction never quite materialised.

Exactly what I was hoping for.   I was hoping to buy cheap coins before the halving.   Why not $12k?   There is a greater pool of bitcoins in the market to buy from now.   On the other hand,  there is much more economic demand.

sdp

[naidray]

Maybe we're surrounded by super willies? Not that I really care all that much. Original Willy was fun while it lasted.

Who needs Willies while we have super sized Chinese exchanges with huge stakes in the mining industry. They will drive the price up to benefit their mining operations.

Agree with you, they just drive up for their own benefit. I think they have lots of BTC they just try to increase price and sell when the price reach their target. Well I can say "For every action, there is an equal and opposite reaction." by Newton. So, guys prepare for opposite reaction

[alyssa85]

Maybe we're surrounded by super willies? Not that I really care all that much. Original Willy was fun while it lasted.

Who needs Willies while we have super sized Chinese exchanges with huge stakes in the mining industry. They will drive the price up to benefit their mining operations.

Agree with you, they just drive up for their own benefit. I think they have lots of BTC they just try to increase price and sell when the price reach their target. Well I can say "For every action, there is an equal and opposite reaction." by Newton. So, guys prepare for opposite reaction

Yeah. It is looking decidedly toppy. Are any retail buyers buying at these prices?

[hermanhs09]

The climb to halving will be great. And then next thing you know after the halving there will be a massive sell off and then probably a bounce back up and stabilize. So get it will the getting is good.

Yeah, before halving there is always this great hype about the price, and since the price is partly psychology as well when people get hyped up they'll take more risks and pump up BTC price.

There may be a few adjustments along the way, but we'll get there eventually. Look, we've already achieved that $10 billion market cap!

[Syke]

Look, we've already achieved that $10 billion market cap!

And now it's over $11 B.

[WaffleMaster]

The climb to halving will be great. And then next thing you know after the halving there will be a massive sell off and then probably a bounce back up and stabilize. So get it will the getting is good.

Yeah, before halving there is always this great hype about the price, and since the price is partly psychology as well when people get hyped up they'll take more risks and pump up BTC price.

There may be a few adjustments along the way, but we'll get there eventually. Look, we've already achieved that $10 billion market cap!

Yep and it will still probably climb in my opinion. I don't think that a $1,000 USD bubble is out of the question. Obviously there will be corrections along the way in these next weeks but overall I'd say it's very bullish.

[safari88]

The climb to halving will be great. And then next thing you know after the halving there will be a massive sell off and then probably a bounce back up and stabilize. So get it will the getting is good.

Yeah, before halving there is always this great hype about the price, and since the price is partly psychology as well when people get hyped up they'll take more risks and pump up BTC price.

There may be a few adjustments along the way, but we'll get there eventually. Look, we've already achieved that $10 billion market cap!

Yep and it will still probably climb in my opinion. I don't think that a $1,000 USD bubble is out of the question. Obviously there will be corrections along the way in these next weeks but overall I'd say it's very bullish.

china has a target to continue to pump bitcoin and I think it's reached $1,000, but not directly. may gradually until the end of the year.

[Cyaren]

The climb to halving will be great. And then next thing you know after the halving there will be a massive sell off and then probably a bounce back up and stabilize. So get it will the getting is good.

Yes, I think what is going to happen is exactly that. There will probably be a huge dump after the halving when the hype will be gone, and then the price will stabilize at around $600.

How high it will go though is a mystery to us currently.

[hermanhs09]

Well, there could definitely be a bubble waiting for us somewhere here but I guess it's really important to follow what your gut instinct is. If you feel like that the price is going to go up, then by all means hold.

Otherwise, sell when needed. Be rational.

[Cereberus]

my view $800 is peak when halving will happen. after that I do not know whether prices will continue to rise or fall.

Well it is getting there pretty fast right now. People are saying it will reach that by morning.

Well, there could definitely be a bubble waiting for us somewhere here but I guess it's really important to follow what your gut instinct is. If you feel like that the price is going to go up, then by all means hold.

Otherwise, sell when needed. Be rational.

I would beg to differ that it is just a bubble. The sudden increase has been going for more than a week now so this is anything but that represents a bubble effect. It is just the natural progression before what everyone was expecting to happen before the halving.

[glendall]

When btc went from 120 to 1200. In Sep'2013, btc was $120, by late November it was $1200. All thanks to China. The bubble then was unbelievable. I'm starting to get the same feeling again. Go, China, go!

I don't think China was a big a part of it as you say.  It's a little hazy, but for that bubble China wasn't nearly as much of the trading volume, I mean, huboi and okcoin were just getting started, there volume looking back on the charts were pretty low.

[lissandra]

When btc went from 120 to 1200. In Sep'2013, btc was $120, by late November it was $1200. All thanks to China. The bubble then was unbelievable. I'm starting to get the same feeling again. Go, China, go!

I don't think China was a big a part of it as you say.  It's a little hazy, but for that bubble China wasn't nearly as much of the trading volume, I mean, huboi and okcoin were just getting started, there volume looking back on the charts were pretty low.

Part of chinas incident goes way back in 2013ish after the mt gox incident I`m sure.

It was when the chinese exchange just decided the bitcoin was illegal or not accepted for business which made people sell off their coins. And their volume wasnt clear since I remember there was another involvement with the exchange.

[Riddikulo]

This time it's different!

Had to say it. 😂

Why? In the past the pump was leading by bots in MTGOX, now is leading by bots in Huoby and OkCoin. Is almost the same, and in both cases the Chineses and halving were the growing factors.

[jubalix]

This will bubble an pop like every other time, but the new floor will be 1K +

it seems ATH is coming...there are just so many more players and exchanges now.....


people are pulling out FIAT from savings etc and buying into BTC.


this time hmmm 2~5K ATH i would have thought settle back to

[Dafar]

This will bubble an pop like every other time, but the new floor will be 1K +

it seems ATH is coming...there are just so many more players and exchanges now.....


people are pulling out FIAT from savings etc and buying into BTC.


this time hmmm 2~5K ATH i would have thought settle back to

Above 2K would be a dream come true.... 5K+ I would quit my job


PLEASE LET IT HAPPEN!!

[Junko]

The way the price is moving now is already starting to make some of the predictions in this thread and elsewhere look rather silly. $800 - $1,000 tops for the halving? Suuuure....