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Author Topic: Last correction before 700+ breakout  (Read 4135 times)
uki
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October 27, 2016, 07:35:27 PM
 #81

Yes, we'll have a good Christmas
Well, I have to say that: hold your horses, Señor Quijote. It is still a long way to Christmas and in two months we may as well end up lower than we are right now.
I know that the charts look promising, but in Bitcoin you may paint pretty much any pattern you want on charts and then do completely the opposite to that what the TA would say. 
Once we will be one week from Christmas, we can make much more educated guess whether we will be happy or not.

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error08
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October 27, 2016, 08:41:34 PM
 #82

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!
And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.
Seeing the progress of bitcoin price the recent year that fluctuating but last day reach $685 is so good for two months come back after it was go down to $450s. Overall bitcoin has potential to grow more than $700 in this year or next years, like you said, it's a good year and patience.
azguard
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October 28, 2016, 05:17:05 PM
 #83

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!
And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.
Seeing the progress of bitcoin price the recent year that fluctuating but last day reach $685 is so good for two months come back after it was go down to $450s. Overall bitcoin has potential to grow more than $700 in this year or next years, like you said, it's a good year and patience.

maybe this patience will finally be paid off for this weekend perhaps
i mean lot here i have read and most expect to go over 700 which will happen eventually today tomorrow or next week month never mater i just hope to see price go slowly up
also in some tread i read that someone would like to see also price change like in 2013 this was slow rise and then huge jump for two month

what you all think can we see this again



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serjent05
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November 01, 2016, 07:53:25 AM
 #84

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!
And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.
Seeing the progress of bitcoin price the recent year that fluctuating but last day reach $685 is so good for two months come back after it was go down to $450s. Overall bitcoin has potential to grow more than $700 in this year or next years, like you said, it's a good year and patience.

maybe this patience will finally be paid off for this weekend perhaps
i mean lot here i have read and most expect to go over 700 which will happen eventually today tomorrow or next week month never mater i just hope to see price go slowly up
also in some tread i read that someone would like to see also price change like in 2013 this was slow rise and then huge jump for two month

what you all think can we see this again

Well having patience will surely pay off.  That is always the best thing to do in every situation.  and about the correction, I think it will happen anytime soon before the price of bitcoin to push upward to 800 usd.  Hey it is very possible because there are more and more people getting in because of the mini hype brings by the increase in price to 700 USD recently.
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