Is the current rally really that crazy?

[randy8777]

It's not crazy at all considering the level of manipulation and scamming going on, what surprises me is the apparent sheer number of people willingly getting scammed.

It IS crazy however considering all the flawed protocol fundamentals. But nobody looks at that, all most people here care about is to be on top of a pyramid scheme.

may i ask you a serious question? i once saw you post that you have made very nice profits by selling at the peak months ago. doesn't it make you one of the people you mention in the bolded part? i am sure you have made nice profits this time as well. if you strictly look at that, you aren't any better than these people you seem to throw a lot criticism on.

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[kwukduck]

It's not crazy at all considering the level of manipulation and scamming going on, what surprises me is the apparent sheer number of people willingly getting scammed.

It IS crazy however considering all the flawed protocol fundamentals. But nobody looks at that, all most people here care about is to be on top of a pyramid scheme.

may i ask you a serious question? i once saw you post that you have made very nice profits by selling at the peak months ago. doesn't it make you one of the people you mention in the bolded part? i am sure you have made nice profits this time as well. if you strictly look at that, you aren't any better than these people you seem to throw a lot criticism on.

I don't claim to be any better unlike many here that try to sell bitcoin as a revolutionary technology which it could be but isn't for this very reason.

[pereira4]

Agreed, I think we are way undervalued and when people see that think that they should be selling for $2000 not $900 then the price will continue rising. Today was faster than is usually healthy but we need to get up to $1000-$2500 and stay there for a prolonged period. If we do this then more and more good stuff will be developed for Bitcoin as the economy will be significant enough.

We are undervalued indeed. When its all said and done, bitcoin is an unique asset and no other asset can deliver a similar experience. Once we solve some problems and release segwit into the wild then we will have a package strong enough to defeat every other asset and currency on the planet. Governments fear segwit and thats why they are paying people to shill BU and be anti segwit, but we will win.

[justdimin]

Agreed, I think we are way undervalued and when people see that think that they should be selling for $2000 not $900 then the price will continue rising. Today was faster than is usually healthy but we need to get up to $1000-$2500 and stay there for a prolonged period. If we do this then more and more good stuff will be developed for Bitcoin as the economy will be significant enough.

We are undervalued indeed. When its all said and done, bitcoin is an unique asset and no other asset can deliver a similar experience. Once we solve some problems and release segwit into the wild then we will have a package strong enough to defeat every other asset and currency on the planet. Governments fear segwit and thats why they are paying people to shill BU and be anti segwit, but we will win.

I too agree bitcoin has lot of potential left to be valued when considering the current price levels of it. So, it doesn't make any sense if we are calling the current rally as crazy. No commodity will surge without reasons, so bitcoin too. Strongly believing, this rally will continue toward new ATH at any time.

[kwukduck]

Agreed, I think we are way undervalued and when people see that think that they should be selling for $2000 not $900 then the price will continue rising. Today was faster than is usually healthy but we need to get up to $1000-$2500 and stay there for a prolonged period. If we do this then more and more good stuff will be developed for Bitcoin as the economy will be significant enough.

We are undervalued indeed. When its all said and done, bitcoin is an unique asset and no other asset can deliver a similar experience. Once we solve some problems and release segwit into the wild then we will have a package strong enough to defeat every other asset and currency on the planet. Governments fear segwit and thats why they are paying people to shill BU and be anti segwit, but we will win.

Yes... very unique with its forks and hundreds of clones of which some vastly superior and in the progress of taking over the bitcoin economy.
For anybody claiming bitcoin is in its early stages of adoption, you clearly know nothing about technological advancement. Maybe finish highschool first before shouting all this nonsense.

[pereira4]

Agreed, I think we are way undervalued and when people see that think that they should be selling for $2000 not $900 then the price will continue rising. Today was faster than is usually healthy but we need to get up to $1000-$2500 and stay there for a prolonged period. If we do this then more and more good stuff will be developed for Bitcoin as the economy will be significant enough.

We are undervalued indeed. When its all said and done, bitcoin is an unique asset and no other asset can deliver a similar experience. Once we solve some problems and release segwit into the wild then we will have a package strong enough to defeat every other asset and currency on the planet. Governments fear segwit and thats why they are paying people to shill BU and be anti segwit, but we will win.

Yes... very unique with its forks and hundreds of clones of which some vastly superior and in the progress of taking over the bitcoin economy.
For anybody claiming bitcoin is in its early stages of adoption, you clearly know nothing about technological advancement. Maybe finish highschool first before shouting all this nonsense.

Oh yeah, they are in the progress of taking over the bitcoin economy, that's why BTC dominance over all existing cryptos is always above 80% on average. In fact, it is right now at 87.5% as all alts go deep into the red because guess what, when king BTC starts going up, nobody gives a fuck about altcoins, too bad you are just a dumbass that keeps ignoring the facts. Keep dreaming with that altcoin that takes over Bitcoin's #1 spot if that makes you sleep better.

[aardvark15]

The surprising thing to me is how rapidly the price has gone up. It just seems like a pump with such a big increase in a short period of time.

[romero121]

The surprising thing to me is how rapidly the price has gone up. It just seems like a pump with such a big increase in a short period of time.

Price increase is an longtime expectation of users. Also to reach $1000 is really a hard thing, because bitcoin has crossed $1000 very few times as well the price didn't sustain long to give users the targeted earning to be achieved.

[uki]

Lol, looks like we've gone completely sideways since 2013, but I know that's not the case.  Either way I think we're probably in too steep a rise.  We're due for a correction, though I hate to use an overused term from financial journalism.  There's no other way to describe it.  Too much buying, and who knows if these are just short-term speculators or real investors.  Buying has to come from somewhere.

It is because of the logarithmic scale the OP used on his chart. The picture is disturbed by what happened in 2012-2013, where the price went exponential all the way to $1200.
Now, if you look at this year and the price doubled, you see it as almost horizontal line, and in fact we did a fantastic progress this year.
I fully agree that a correction would be very healthy right now, to cool down the technical indicators that are in the overbought territory and to find the energy for the next leg up.

[mindrust]

Crazy times all over again.

I hope this time it is not a manipulation but a real serious price pump which is going to last for a long time. I think we will see above 1000$+ no matter what. It can't happen in one day but remember, a few months ago we were in 400's. First 550, then 650, then 700+ and now nearly 900$.

We will get there.

[Soros Shorts]

The surprising thing to me is how rapidly the price has gone up. It just seems like a pump with such a big increase in a short period of time.

You ought to know by now ... the price goes up (and down) in short spurts. Most of the big price movements happen in just a few days of the year. The rest of the time the price just drifts or goes up and down in a boring trading range.

[lionheart78]

Yes... very unique with its forks and hundreds of clones of which some vastly superior and in the progress of taking over the bitcoin economy.
For anybody claiming bitcoin is in its early stages of adoption, you clearly know nothing about technological advancement. Maybe finish highschool first before shouting all this nonsense.

I don't think a specific item adoption has a direct relation to technological advancement. If it does then this is a new class I guess.  And as far as I know economics is somehow branched out of technology advancement in terms of people adoption.  Because there are items that were created according to ancient technology but was just in an early phase of mass adoption.

Crazy times all over again.

I hope this time it is not a manipulation but a real serious price pump which is going to last for a long time. I think we will see above 1000$+ no matter what. It can't happen in one day but remember, a few months ago we were in 400's. First 550, then 650, then 700+ and now nearly 900$.

We will get there.

I hope too but it was so fast that it breaks $900  and as result, there are dips and rise for how many times, maybe a correction of some sort but I think whales are really manipulating this uptrend and taking advantage of the dip to accumulate more.

[Skarner21]

Crazy times all over again.

I hope this time it is not a manipulation but a real serious price pump which is going to last for a long time. I think we will see above 1000$+ no matter what. It can't happen in one day but remember, a few months ago we were in 400's. First 550, then 650, then 700+ and now nearly 900$.

We will get there.

I can not still believe with bitco in right now maybe this coming 2017 and my own prediction is march or may we can see that the price will touch in 1k value. and this coming january i fell that the price will decrease more even we are seen that the price is playing from 880-900 above it is because bitcoin right now is in demand  this january if people are going back to work i am sure that the price will decrease again back..