amacar2
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February 26, 2017, 07:12:56 PM |
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Bitcoin is going towards new ETH price so all this dumps/correction after a big pump like recent one is normal. Chinese may again spread new FUD regarding PBOC investigation ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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JimboToronto
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February 26, 2017, 07:29:41 PM |
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You think a bull run is coming?
We've been in a bull run for months now, punctuated only by a few short-lived panic dips caused mainly by PBOC shenanigans.
I see no reason for this bull run not to continue.
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InvoKing
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February 26, 2017, 08:35:53 PM |
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Bitcoin is going towards new ETH price so all this dumps/correction after a big pump like recent one is normal. Chinese may again spread new FUD regarding PBOC investigation ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The most important thing is having a bitcoin price above $1000 for the rest of the year (preferably +$1100 forever ofc) then loosing one hundred then recovering it shouldn't be a problem, the essential thing is a positive rise at the end ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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PSPD:law and order enforcement! Press Section Police Department!
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BitDane
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February 27, 2017, 02:42:50 AM |
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I think bulls have been charging for almost a month now. As a matter of fact they have been charging even before 2017. Probably you are saying, Bulls are getting charged up like Bulls in a steroid. The most important thing is having a bitcoin price above $1000 for the rest of the year (preferably +$1100 forever ofc) then loosing one hundred then recovering it shouldn't be a problem, the essential thing is a positive rise at the end ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I think the scalability issue is much important than bitcoin being at $1000, because if Bitcoin scalability issue is fixed, I am sure we would have been sitting in $2000 by now, pairing with the possible ETF approval.
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virusasog
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February 27, 2017, 04:43:30 AM |
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Bitcoin is going towards new ETH price so all this dumps/correction after a big pump like recent one is normal. Chinese may again spread new FUD regarding PBOC investigation ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The most important thing is having a bitcoin price above $1000 for the rest of the year (preferably +$1100 forever ofc) then loosing one hundred then recovering it shouldn't be a problem, the essential thing is a positive rise at the end ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Yeah it's 1150$ and more now. This price bump is moving to high value in recent days. But i do not agree that this a bull run. However, this somehow when we see the last month bump.
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zby
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February 27, 2017, 07:27:11 AM |
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You think a bull run is coming?
We've been in a bull run for months now, punctuated only by a few short-lived panic dips caused mainly by PBOC shenanigans.
I see no reason for this bull run not to continue.
This! It grew over 400% percent over just above a year. To beat this we need to reach $5000 now.
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Amph
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February 27, 2017, 07:34:46 AM |
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You think a bull run is coming?
We've been in a bull run for months now, punctuated only by a few short-lived panic dips caused mainly by PBOC shenanigans.
I see no reason for this bull run not to continue.
i won't call this bull-run, just a steady return to the last ATH, or to the main if we want to follow the chart example about how a market move the real bull run is yet to be revealed, there is no real adoption now and EFT is not even initiated, people will shit their pants when bitcoin will be on track to increase how it should be
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Carlsen
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February 27, 2017, 08:25:22 AM |
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At the moment I see no big movement upwards in the near future anymore. During the last months the price has already went up very far. Now a lot of people are afraid that a bubble might develope. But since there is no sign the price might go down, they do not sell either. I suspect the price to stay constant on this level now for a while.
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1Referee
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February 27, 2017, 10:12:25 AM |
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During the last months the price has already went up very far. Now a lot of people are afraid that a bubble might develope. But since there is no sign the price might go down, they do not sell either. I suspect the price to stay constant on this level now for a while.
Current levels can't be considered a bubble, or a bubble in-the-making. If we shot up to $1700-$2000, then yes, it would be a proper assumption, but not at current levels. I think the price we are seeing now is just about right with demand for a big part coming from people looking to escape the tyranny of their governments. Bitcoin for these people is a great escape from their governments, plus it also offers a great investment opportunity. People would be stupid to not secure a part of their wealth in Bitcoin.
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BrewMaster
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February 27, 2017, 04:48:04 PM |
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At the moment I see no big movement upwards in the near future anymore. During the last months the price has already went up very far. Now a lot of people are afraid that a bubble might develope. But since there is no sign the price might go down, they do not sell either. I suspect the price to stay constant on this level now for a while.
by a lot of people you must mean "you" and some of the topics you read which are pure "FUD". nobody else is thinking about a "bubble" because there is none. you should know that there is big difference between a rally rise and a bubble rise and you can always check the supports for that too.
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There is a FOMO brewing...
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maker88
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February 27, 2017, 05:39:09 PM |
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At the moment I see no big movement upwards in the near future anymore. During the last months the price has already went up very far. Now a lot of people are afraid that a bubble might develope. But since there is no sign the price might go down, they do not sell either. I suspect the price to stay constant on this level now for a while,
Honest question, have you experienced a bitcoin bubble? They usually are a lot more explosive, and they don't even gain steam until breaking the all time high.
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d5000
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February 27, 2017, 05:46:39 PM |
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i won't call this bull-run, just a steady return to the last ATH, or to the main if we want to follow the chart example about how a market move
the real bull run is yet to be revealed, there is no real adoption now and EFT is not even initiated, people will shit their pants when bitcoin will be on track to increase how it should be
That is a good example of what I call "the to da moon myth". People that adhere to this myth think that it's mandatory for Bitcoin to reach high price levels, because it will be - in the future - the dominant payment method or one of the dominant methods. What they forget is that a part of this "adoption myth" is already priced in in the actual price level. I don't think the Bitcoin users that are using BTC not for speculation (including the so-called "hodlers") are more than 10-15% of all users, and that's already including people that use it for speculation and some other purpose. It is truely possible that Bitcoin can get adoption and a much higher price (in another post, I have mentioned a realistic long-term price level of ~20-30K USD). But that is only possible if the whole ecosystem grows. It is - contrary to popular belief - not a simple mathematic equation (e.g. global M2/21 million = future Bitcoin price ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ). So I tend to agree to JimboToronto - since the second half of 2015 we're in a bull run. Every stock market trader would agree to this. But diverging with JimboToronto I think it's not mandatory for this bull run to continue - it can stop everytime, under or over the MtGox ATH.
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Kprawn
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February 27, 2017, 07:05:55 PM |
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My guess, the correction stage already passed and we will see the bullrun stage will be starting as soon as possible until near of 11 march. I'll HODL my bitcoin in my pouch. Sell them in near of 11 march.
All the traders who are taking a call on the approval / denial of permission for the ETF would have taken a position by now. So trading just before 11th March won't get you any advantage. You should sell at the short-term peaks if your intent is to get out before 11th of March. If you are planning to have a quick exit just before the decision is made on the ETF, then you setting yourself up for a big disappointment. Nobody knows what the outcome will be, and we are not trading much higher than $200 {+/-} above the price, before all this hype about the ETF has started. A negative outcome will chase away the speculators... but the majority of us will still hodl our bitcoins for the Moon. The ETF is not the make or break for us... Who knows... 1 week after the ETF decision ... someone might launch the Killer App for Bitcoin. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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Slark
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February 27, 2017, 07:17:14 PM |
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We've had a significant bull run already so I'm expecting a price drop rather than a bull run to the moon.
I think the price will be stable between $1000 to 1200 in the next few months. Then it will start rising again. If there wasn't COIN ETF in play, then price stability might be real, but I expect that after 11 March and final SEC's decision we either will see: - huge boost of price (we are talking abot 100% boost) followed by hype we never seen before - as business will invest in BTC - small decline - (no higher than 10%-15%) traders know that ETF approval is rather unlikely to happen Anyway some kind of shift will happen after 2 weeks. Be ready. Until then we will have stable period, the calm before the storm.
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BitFinnese
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February 27, 2017, 07:44:11 PM |
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You think a bull run is coming?
We've been in a bull run for months now, punctuated only by a few short-lived panic dips caused mainly by PBOC shenanigans.
I see no reason for this bull run not to continue.
i won't call this bull-run, just a steady return to the last ATH, or to the main if we want to follow the chart example about how a market move the real bull run is yet to be revealed, there is no real adoption now and EFT is not even initiated, people will shit their pants when bitcoin will be on track to increase how it should be So you are saying Bulls are only just getting to pumped up with this increase and sudden steep incline in price for a few days? Then if ever the Bull started to run with all the pump and steroid in it, Bitcoin can possible rise to $3k? Well if in that case with the ETF being approved and adoption is everywhere there is no telling how high Bitcoin can get.
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CyberKuro
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February 27, 2017, 11:57:02 PM |
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We've had a significant bull run already so I'm expecting a price drop rather than a bull run to the moon.
i hope your wrong i hope that too but with the recent price rise and the breaking of the ATH all around, there needs to be some sort of short term drop so everyone can buy back again after they sold their coins for profit. besides there has been some dumps going on, showing the bull run is over but temporarily. The dip is inevitable, every rise will cause massive withdrawal and the price will fall down again. Last time bitcoin price reach $1200, within hours it suddenly drop to $1150 and keep decrease. Now, people already buy back and wait for SEC decision while others speculate whether winklevoss ETF will approve or not, I guess SEC team will approve it, rather than thinking they won't and cause another significant decline. We like bitcoin price getting bigger and more valuable right.
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The Sceptical Chymist
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February 28, 2017, 12:10:59 AM |
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yup accumulation phase
I think that's what's happening, too. People--and this probably includes the ETF folks--are buying it up, albeit slowly so as not to cause the price to skyrocket. But as to the title of this thread, we're already in a bull market. It's not coming soon; it's here. Frankly I think we're seeing the price rise a little too fast for comfort, but we'll see. I also think it's still a good time to buy, and I'm not waiting for a dip. But who knows? This could be 2013 all over again.
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epitome
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February 28, 2017, 04:05:55 AM |
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just stop worrying about the bulls and bears and all the rest of the jungle animals and start accumulating while you can and price is still low. soon we are going to start seeing new price series of price rises, and then the ETF deadline will come and seal the fate for a while.
If you are investing in bitcoin you must be concerned with the price of the coin and investors are looking for a bull run rather than bears.Hope the fate of bitcoin is not in the hands of ETF and i can understand that the price is increasing because of it but i really do not think that i could hurt the price of the coin in the long term even if the ETF is approved.
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unknown04
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February 28, 2017, 04:32:50 AM |
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I think this is the best time to buy more before ETH gets approved... buy at the dips
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Ahab_Hunter_of_BearWhale
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February 28, 2017, 08:33:58 AM |
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For those that think we've had a big bull run and BTC has to "recharge" or go down for some time - is BTC really worth what it was 4 years ago when the price was at or a little higher than the current price? Has not adoption, volume, mining difficulty and on network transaction volume not grown significantly since? Most people posting are convinced we'll see another downturn recharge period, and yeah a bit of a recharge is reasonable, but if that is what alot of people are saying I think of Pareto's law. BTC has been recharging the last 4 years, gaining parity with the price of 4 years ago is not the big bull run, it only possibly starts at higher prices, and looking at long-term patterns it should go alot higher than a measly 1.25k. BTC's mkt cap is peanuts compared to many other mkts, it is still incredibly small, and if it is successfully adopted for what it aims to be it's mkt cap will surely have to be much much higher.
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