Where are we?

[GratisBitcoin]

https://www.shorex.com/images/ExpertOpinion/2015-06-22-rmg2.jpg

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

[lnternet]

If we break 1000 and then make it into the news expect a top around between 1300-2500

[Taki]

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

I think when bitcoin will cross the point of 1000$ it will attract attention of the media and that will make bitcoin even more popular and more useful. The attraction of new users will make the price to continue to grow.

[Soros Shorts]

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

Do you see many institutional investors buying Bitcoins at this time? No? Well then on your chart we are before the Institutional Investor phase.

[Paashaas]

Atm we're sitting between 10B-20B MC; a new take-off - media attention.

[Fortify]

Atm we're sitting between 10B-20B MC; a new take-off - media attention.

-snip-

Why are you using this graph that says the current value of bitcoin is at $200? It's at $900, which makes the total market cap MUCH closer to Paypal and Credit card processors. Whether it compete in handling the volume of transactions that they perform is another question.

[Febo]

Atm we're sitting between 10B-20B MC; a new take-off - media attention.

-snip-

Why are you using this graph that says the current value of bitcoin is at $200? It's at $900, which makes the total market cap MUCH closer to Paypal and Credit card processors. Whether it compete in handling the volume of transactions that they perform is another question.

He most likely used few years old chart. So then not only Bitcoin data are false, but also Paypal, And credit card data are false.

Actually went to check and Paypal marketcap is 47B and Mastercard marketcap is 115B

[JimboToronto]

[Spaceman_Spiff]

Getting closer to the first sell off...

[JimboToronto]

Getting closer to the first sell off...

I thought that was what happened this past summer when it went down under $600.

[Ahab_Hunter_of_BearWhale]

Getting closer to the first sell off...

I thought that was what happened this past summer when it went down under $600.

I'd say the plays below 1100, at least referring to previous historical patterns, in the current cycle have all just been posturing and recharging during the long bear mkt since 2013. Once we break previous athletic of 1100-1200 then the possibility of the next real bull run opens up. Likely after reaching previous athletic price range there will be a dip/ resistance, and then perhaps (possibly to some degree network capacity improvement dependant, although higher mkt cap increases incentive for dev and speeds it up.) then we may see the next major bull run.
Who knows what it'll look like now that it's a more mainstream run and there are banking crises occuring and currency crises looming. The first half of next year, heck the next few years, are sure to be interesting. It'll be nice to see alts rise too, esp with increased interest, new investors and institutions.

[Shiroslullaby]

We are definitely at the "new paradigm"/ "bulltrap" area.
Price will dip a few dollars back to around $900 or just below and everyone will panic, start selling coins, and then the FUD trolls can come out from their rocks to tell us how
"China is manipulating the price of Bitcoin", "the bubble is about to burst sell your coins" etc etc.... 

[Dafar]

I would say after media attention and before enthusiasm.... maybe even between enthusiasm and greed.

Doubt we're gonna see a 3x or more rise from here... delusion - new paradigm will probably be a couple hundred above ATH ~$1500

[1Referee]

I would say after media attention and before enthusiasm.... maybe even between enthusiasm and greed.

Doubt we're gonna see a 3x or more rise from here... delusion - new paradigm will probably be a couple hundred above ATH ~$1500

I think right now it's fairly safe to assume that we are much closer to greed than enthusiasm. Nothing goes only up in value without experiencing a decent sized correction before that. Everything that happens now is pure greed driven, where people seriously think there is much more to gain than we have been gaining in the last days. Either keep holding to see where we are heading to, or secure profits. Buying right now is something I don't think is worth the risk since the little room for profit from current levels.

[talkbitcoin]

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

i strongly disagree with this chart what you imply here.
first of all we are not at the end of that line that your chart ends. we have returned to the mean (dashed line) and we have been there for a while now if you look at a bitcoin chart and then the situation right now is nothing like 2013 and we are far off from it. because the mean has gone up, so the top if you want to look at them similarly is also higher somewhere above $2000 and we get there then you are right we are back to 2013 bubble.

[Przemax]

I am undecided if we are on a phase of a first sellout or a stage just before the media attention. All we have to do is wait and see. We are in a momentum stage that even on a our forum people ask about the advertisement of the bitcoin. So, the moods are close to shoot up the price even further.

[thejaytiesto]

We are not even in the first bear trap yet. I think the bear trap will come once we get near 1000, people is stupid and prone to psychological numbers like 1000 because they are too round and "nice", so they will think selling it's a good idea. It is obviously a bear trap, then we start going up again, then we get media attention and we hit 10k.

[Denker]

We are not even in the first bear trap yet. I think the bear trap will come once we get near 1000, people is stupid and prone to psychological numbers like 1000 because they are too round and "nice", so they will think selling it's a good idea. It is obviously a bear trap, then we start going up again, then we get media attention and we hit 10k.

I'm thinking this as well.Right now, of this actual run, we probably see the first sell off hapening at the moment.Between $950 and $1000 we may see the bear trap before really breaking out to new all time highs.
But to be honest I don't care that much about such things as I plan to hold my stash of BTC for many many more years.Therefore the short to mid term ups and downs aren't that much important to me.

[Dafar]

I dunno guys... there already seems to be a lot of:

- Media attention

- Enthusiasm

- Greed


So we are definitely past those phases

[Vaccinus]

I dunno guys... there already seems to be a lot of:

- Media attention

- Enthusiasm

- Greed


So we are definitely past those phases

we are still at enthusiasm for me, return to the mean would be the current price, we will go much higher first