this is a bear trap and we will go to 10k

[ridery99]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

[1714044340]

1714044340

[1714044340]

1714044340

[leopard2]

could be

or it was a double top

this analysis is pretty good

http://www.onvista.de/news/bitcoin-preisexplosion-ueber-1-000-sie-wussten-bescheid-51475983

so around 800is, then back up....or back into sub 700 for another 4 years? unlikely.

[amacar2]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

This dump is just a correction which went worse after Yuan got stronger but as we all know yuan may follow same downward trend like last year, so this is just temporary.

Price will soon find floor at $1000 level and we may see next big surge pushing price beyond $1500 easily.  

[DefendKebab]

600 dollar is more likely.

[MANCRYPTOS]

600 dollar is more likely.

Yes agree but for whom, 600$ is good? Of course for me it is good, because I need to catch low price to buy them and then hold, but who bought it when the price was 1100$ is very bad

[talkbitcoin]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

eventually yeah. but for now they are clinging to anything they can to push the price down.
- the spam bot of this board is at full capacity posting the same crap again and again.
- the shill known as kwukduck is active again
- the lies about China banning blah blah started up again.
- so much more FUD

in my experience when this situation is the hottest, there is a rise on the way and they are trying to fill their pockets more with cheap coins of weak hands.

[Kprawn]

Give it some time, people from China are not stupid. They will soon realize what is going on, and then they will re-invest again. We see this

every time when the price goes up. This time it was the Chinese rumors and the rumors about Coinbase being hacked that triggered this.

We will soon see a bounce back, when people start to calm down again after the panic sell. I estimate that we could have a average price of

$1000+ for the duration of the first quarter of 2017. 

[BitcoinBarrel]

I bought more btc at $800 before the spike, could have cashed out and made a small 20-30% ROI.

But like I've said before, I'm not in this for small returns. Will buy more as it bottoms out. This Bear trap will catch many of the non-believers.

[cpfreeplz]

600 dollar is more likely.

Yes agree but for whom, 600$ is good? Of course for me it is good, because I need to catch low price to buy them and then hold, but who bought it when the price was 1100$ is very bad

If you bought at $1100 you were way late to the game anyways so way to go lol. $600, I doubt it. Maybe if we have a huge huge panic, but I really doubt that's going to happen. This correction was inevitable because the price skyrocketed up but the rises before this were very steady. We'll probably be fairly stable around this price now.

[Wilhelm]

Looking at the 30m bitstamp charts you can see BTC crawling to the upper side of the bollinger bands.
Every time it gets there somebody dumps coins and it hits the bottom band (doesn't move there, it gets slammed there).

So in my opinion this is bullish. BTC wants to go up but is held back.

We are probably just pushing through the people (who bought into the last ATH) getting their money back or early adopters cashing out.
Once we get through the dumpers we will start moving upwards again.

[BitcoinBarrel]

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

[Wilhelm]

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

1500% ROI I would put my feet back on the planet 

The halving was long coming and has been calculated in before we hit the halving.
So I don't think the halving has much to do with this.

If you bought at $1100 in 2013 you might be happy just getting your money back.
If you bought many BTC at $1 you might cash out and live a rich life.

But then again I think this might just be a healthy correction due to the steep rise we just encountered.

[btcmerich]

10k??? it did struggle at 1k-1.3k range.  maybe in 5 years time we will see 10k but i doubt it . Stop dreaming and  make money now as much as you can do not sit on your money and dream about what can be

[BrewMaster]

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

saying things like 10K price and 1500% ROI (which is $12800) is as worthless as saying bitcoin is going to crash to $50

this is speculation topic and it has turned into a place for people to say random stuff and some others spam FUD...

[cpfreeplz]

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

saying things like 10K price and 1500% ROI (which is $12800) is as worthless as saying bitcoin is going to crash to $50

this is speculation topic and it has turned into a place for people to say random stuff and some others spam FUD...

Thank you! Ya, 10k won't be happening over night. Some day for sure because 16b market cap is very small (or whatever we're at right now. Something between 14 and 18 lol). It's volatile but not that volatile anymore. Gone are the days of 1500% ROI in a matter of days/weeks.

[BrewMaster]

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

saying things like 10K price and 1500% ROI (which is $12800) is as worthless as saying bitcoin is going to crash to $50

this is speculation topic and it has turned into a place for people to say random stuff and some others spam FUD...

Thank you! Ya, 10k won't be happening over night. Some day for sure because 16b market cap is very small (or whatever we're at right now. Something between 14 and 18 lol). It's volatile but not that volatile anymore. Gone are the days of 1500% ROI in a matter of days/weeks.

there never was "days of 1500% profit or ROI" even the biggest rise in the history (the 2013 rise to $1100) started from ~$200 and that is just 450% rise over the course of 2 months (2013/10 to 2013/12)

and it is worth mentioning the same rise took bitcoin 2 years to achieve with a solid slow rise with a strong buy support.

[cellard]

Why ANYONE would cash out when the block reward halved just a few months ago, is beyond me.

It's what Bitcoin is all about. 1500% ROI here we come!

saying things like 10K price and 1500% ROI (which is $12800) is as worthless as saying bitcoin is going to crash to $50

this is speculation topic and it has turned into a place for people to say random stuff and some others spam FUD...

Thank you! Ya, 10k won't be happening over night. Some day for sure because 16b market cap is very small (or whatever we're at right now. Something between 14 and 18 lol). It's volatile but not that volatile anymore. Gone are the days of 1500% ROI in a matter of days/weeks.

there never was "days of 1500% profit or ROI" even the biggest rise in the history (the 2013 rise to $1100) started from ~$200 and that is just 450% rise over the course of 2 months (2013/10 to 2013/12)

and it is worth mentioning the same rise took bitcoin 2 years to achieve with a solid slow rise with a strong buy support.

The 2013 rise started actually from about $110. 2013-10-7 price shows as $115 average, then 2013-11-25 we had the $1163... pretty fast rise. But this time we have been growing since the $152 bottom in early january 2015 all the way up to the recent $1139 peak. This is obviously not the same as 2013. There will not be a major correction, we will be at $1000 sooner than most people think again.

[Amph]

600 dollar is more likely.

very unlikely, market is stabilizing at $900, anyway i believe the true bottom is 750, new bottom can still be 1k after the next rally

[Biodom]

The 2013 rise started actually from about $110.

Did you actually looked at the relevant chart?
BTC started year 2013 from $13 or so.
First peak in April at $266, then bottomed at around $70 during summer.
$110 is an artificial time point to start.

[Amph]

The 2013 rise started actually from about $110.

Did you actually looked at the relevant chart?
BTC started year 2013 from $13 or so.
First peak in April at $266, then bottomed at around $70 during summer.
$110 is an artificial time point to start.

that was a fake pump anyway, the new bottom was in fact $200

the correct way to view that pump is from 13 to 200, the rally to 1200 was forced and artificially induced

[cpfreeplz]

The 2013 rise started actually from about $110.

Did you actually looked at the relevant chart?
BTC started year 2013 from $13 or so.
First peak in April at $266, then bottomed at around $70 during summer.
$110 is an artificial time point to start.

that was a fake pump anyway, the new bottom was in fact $200

the correct way to view that pump is from 13 to 200, the rally to 1200 was forced and artificially induced

This time was much more slow and steady though. Right at the end here when we had a huge rally it was obvious there had to be a correction.

13-1200 is a huge huge swing, we (most likely) won't see anything like that ever again. That's all I was saying. The 1500% ROI was just an example. 100% ROI is still a hard thing to achieve year after year.

[n691309]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

It's unrealistic that the price will go 10k in the very near future, but even the 2k is too far, the 1k was pretty good and I'm nostalgic when this happens, but based on what do you think it will go to 10k?

[The Sceptical Chymist]

This is a glaring example of why bitcoin is doomed as a currency.  Any time it's in the news, any time people become aware of it, it's for one of two reasons:  1)  Another Silk Road bust, or 2)  The price is headed for the moon.  And I'm not saying this is a reputational thing--it's the speculators who pour into the market and drive the price silly.  Who in their right mind is going to want to spend bitcoin on anything?  Who's going to want to get paid in bitcoin?  And what I've seen on this forum is that the number of people who are obsessed with the price far outnumber those who care to spend bitcoin.

Having said all that, 10,000, WOOOOOT!!!  I'm ready.

[Meuh6879]

10k??? it did struggle at 1k-1.3k range.  maybe in 5 years time we will see 10k but i doubt it .

less than that, my friend ... i need 2 cups for a wonderbra.

[richardsNY]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

It's unrealistic that the price will go 10k in the very near future, but even the 2k is too far, the 1k was pretty good and I'm nostalgic when this happens, but based on what do you think it will go to 10k?

At this point there is absolutely nothing that can give people even the slightest indication of seeing anything near the $10000 level. It's nothing more than a fantasy that plays in people's minds. $2000 is indeed also too far away from being considered a realistic price target for 2018. Especially when you consider the possibility of a very slow growth. What about a potential bear market? Too many factors that may turn out to work against us. Nothing comes easy with Bitcoin.

[kwukduck]

Right... you realize the network is already operating at and over max capacity...? With transactions taking 12 hours or so to get into a block.... How can that sustain even 1k usd?

[Meuh6879]

pay the fees.



follow the rules of the network.

during the 1100 USD price, the mempool is so low ... it's impressive.

[Shady]

Bitcoin has a valuation of 55,000 USD in peak 100 years. Once people finish mining there'll be fresh opportunity in secondary currencies.

Don't be alarmed if those also go up too, it means well for this entire industry. When Faucets were introduced this innovation led to small gains across population plus put more into circulation. Don't be afraid to hold, it'll go back up to 4 figure or more in no time.

[kwukduck]

pay the fees.



follow the rules of the network.

during the 1100 USD price, the mempool is so low ... it's impressive.

A full block is a full block is a full block. No amount of fees will solve that problem.
If you get up to idiotic fees (which is already the case) somebody else gets pushed out.
Only the top fee payers get in, for the rest the system will suck. How very future proof...

[BitcoinBarrel]

I love paying 5 cents more in fees to get 10 min confirmations. It's great! Only took me about 3 times waiting 1-2 hours to catch on.

[ClamCoin]

I love paying 5 cents more in fees to get 10 min confirmations. It's great! Only took me about 3 times waiting 1-2 hours to catch on.

You should always be paying high fees. The miners deserve to be paid for all the work they do.

[btcmerich]

10k??? it did struggle at 1k-1.3k range.  maybe in 5 years time we will see 10k but i doubt it .

less than that, my friend ... i need 2 cups for a wonderbra.

My man, i do not know what you are trying to say as i can not read the text. All i can look at is SELMAAAA

[pooya87]

we are not going to 10K the same ways we are not going back down to $500-600 or other crazy numbers people say these days. the more realistic thing is the continuation of the same trend that has been going on for the past 3 years an stable and slow rise over time with a total of about 100% profit a year.

[Kevinde]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

You are the most optimistic in the world and you also love the bitcoin the most. I just only dream above 1,250$ in this year but perhaps, this fact will not happen in this year. Maybe I will wait for bitcon down under 400$ and I will buy more bitcoins.

[cellard]

As you can see here, 200 became the new bottom, and it consolidated the price at around that area, so that's a 100 dollar increment over the last bottom. At the end of the day this is what matters. Everytime there is a bubble, it crashes as all bubbles do, but it stabilizes at a higher price than the last stable price. In the big picture, bitcoin has never stopped growing, so this bubble will stabilize at an higher price and continue growing.