Bitcoin rise is over

[zokora]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

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[CrimBit]

i think bitcoin can reach $10.000. if we compare with real currency backed at gold like us dollar, we will trust bitcoin can reach more than now.
for me bitcoin have more chance to rising than real currency.
bitcoin have highest technology, bitcoin is decentralization too.

[boyptc]

Correction of - $200 - $400 is already enough I'd guess? Don't compare it with 2013, we are different now there are so many investors now and more countries did adopted bitcoin. Bitcoin's rise will not be over and it will be going up very soon. That big correction you are talking maybe is the one that happened already last 2 weeks after China's ban and Dimon's fraud talks.

[barota]

btc to 2000 usd for sure

[ragnar0k]

From the last drop, it seemed that sales literally ran out of steam near 3k...
I don't think it makes sense to drop and if it does, it will probably bounce back up. MtGox was a huge shock to BC and we don't have that right now - although SW2X means that core developers can be easily duped (taken over) by someone with enough power, it still isn't over I guess.
My guess is market bouncing between 4 and 4.5k until upgrade, then we will see

[Hazir]

i think bitcoin can reach $10.000. if we compare with real currency backed at gold like us dollar, we will trust bitcoin can reach more than now.
for me bitcoin have more chance to rising than real currency.
bitcoin have highest technology, bitcoin is decentralization too.

Why exactly need bitcoin reach 10k?I would like it to reach that point, but we need to be realists here. What quality bitcoin offers?
Questionable stability (dependant on whimsical miners and a tricky legal situation in certain countries i.e China)
So far BTC has been growing, but there is a ceiling for that growth, what if we reached it for now?

[tiptopgemdotcom]

btc to 2000 usd for sure

Keep making a sweet dreams   2000$ level is almost fulfilled with huge,massive buy stop orders which will raise new strong uptrend.

[MissionPhailed]

Yeah, current circumstances are way different compared to 2013 in the sense that Bitcoin/crypto is much more 'established' now and more resilient to negative external influences (disappearing exchanges for instance). I assume we won't see a new ATH this year but I'd guess the bottom won't be under $3000 this time.

[Barbut]

Market cap is at $71B and it will just grow bigger. I don`t think that rise is over, until the end of the year price will be 5.000$ again, slowly and with a lot of fluctuations we will be there in next 90 days. Price rise if far from over, bitcoin can settle on some price and stay there that doesn`t need to mean something special.
In the end what if price go back to 3.000$ again, that will be second chance for those who didn`t buy bitcoins with a discount in the first time. Honestly I don`t believe in another drop on 3.000$, with bitcoins anything can happen we all know that, just my feeling and experience tells me that we will not see that drop.

[ahmedjamal1998]

What's up with the trend of "hey the price just got tickled down a $100, let's make a thread saying that it's dead or over."

Every week or two you'll find the forum filled up with threads of people screaming here and there to sell and that it's the end of the bubble etc. etc.

What's going on people ? This is crypto currencies. Prices MUST go up and down. There's on standard price that is set by any means. If you just take a straight simple look on the charts of btc price you'll clearly see that it went down to $3500 on September 22 and everyone did exactly what you're doing right now only to find it back to $4000 4 days later.

Moral of the story: Stop running into conclusions or trying to predict what's coming because you'll never know. If you're so concerned about the price because you're trying to sell you'd better sell at anything above 4k.

[Baofeng]

Every time that we see a minor price drop, a lot of thread starts popping in saying that bitcoin is headed for doom and will crash. Yeah I agree, it will crash soon. But, did you also point in the graph that it can and will recovered from the crash? And the like scenario is the negative news that was cause by China, the price crash, however two weeks since and the price goes to $4000+. And besides, we can't compare what happened in 2013 to today. And the price just dip by $200. I hope you will also create a thread when bitcoin surges past $5000.

[exstasie]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

Per that chart, we have only completed Wave 3 of the primary third wave. This is the same count shared by several prominent EW chartists, and it's the one I prefer. As such, yes, the immense rise we saw for most of 2017 may be over.

However, that chart and count does not line up with past "bubble" tops. Per EW rules, the expected drop would be to the $1800-$3000 range, and it's even possible that the Wave 4 low was already put in place with the plunge below $3000 two weeks ago. In that case, we would probably see a prolonged sideways range until the next wave up begins.

[twobits]

what do you think about below chart?

I think bitcoin rise is over for now. Chart shows that we are in a buble and it should be corrected.
In addition if you look at the weekly chart end of 2013, you will see that it is similar to today.
Big correction may come soon

The big correction in 2013 caused by the chinese fud about ban all of the bitcoin exchange sites in there, but this time that already happened by the way the price of bitcoin already comeback to the sky.
I dont believe about that it seems you are really wrong in there.

[xaxistech]

Nope, i dont think it is going to make a correction, maybe your analysis on the charts are predicting that, but you must know that a lot of people are investing in bitcoin, and its marketcap is growing everyday, we can not compare bitcoin at the moment with bitcoin in 2013, because the markets growth more than 3000% in four years, so it is so much different than before.

[ivrynx]

bitcoin is still going to rise and will break its own record, we should always keep ourselves well informed in the current events regarding bitcoin. i agree with one of of the posts below, that sometimes, we tend to over analyze and see things that there seems o be a problem, we must first understand that bitcoin is a very volatile investment, meaning it can go much higher than we expected and lower than the support, bitcoin will still rise due to the fact that a lot of countries now are supporting cryptocurrencies, there might be an altcoin to be produced by a lot of countries and bitcoin will still remain the standard of it all, if you check on your history, this is what had happened to the us dollar, when it became the petrodollar, it became the basis for foreign exchanges because for a long time, the us dollar has a strong buying power, and now if we compare it with bitcoin, bitcoin's buying power is still growing and soon it will break its own record. i think the correction already did happened, after the china crisis, now that it is over, bitcoin will still continue to rise and another correction might take place, however it may take months or years from now, since the acceptance of bitcoins is now spreading, we could also not predict what will be the outcome since, the nature of bitcoin is highly volatile, as for now what we could do is wait after the fork, and then we can study it further, since we cannot rely on the history of bitcoin going down, because it is always just for a short period of time.

[Creepings]

From the last drop, it seemed that sales literally ran out of steam near 3k...
I don't think it makes sense to drop and if it does, it will probably bounce back up. MtGox was a huge shock to BC and we don't have that right now - although SW2X means that core developers can be easily duped (taken over) by someone with enough power, it still isn't over I guess.
My guess is market bouncing between 4 and 4.5k until upgrade, then we will see

The problem here does not lie with scams but lies with the BIPs creating a huge decreases in the bitcoin price, still knowing bitcoin, it will really jump back to another ATH after the fork. After the fork, we will be seeing a lot of post like bitcoin price to the moon, etc. Be prepared this thread will be long forgotten if that happens.

[DroidR17A]

Jamie Dimon, Crypto Dick Rowe says it’s air. Dead.

At the same time, Goldman Sachs says it may launch a trading desk, Japan legalized Bitcoin exchanges last week and the head of the IMF stated that “cryptocurrancies are the future, really”.

IMHO, taking the above into account, seems like it will continue upwards for a while before it tops out.

[CyberKuro]

Op used 2013 chart of bitcoin price and predicted about bitcoin price in October 2017,  
yes, we could use previous charts to predict price movement due to some events may repeated, but the correction has been done last month after bitcoin reached the new ATH at $5000. Current market situation is; full of speculation about bitcoin price recover to ATH and Bitcoin GOLD (BTG) hardfork by the end of this month, if the devs team of BTG decide to distribute it for free, people are likely to buy more bitcoin in order to get more air drop, but if they decide to sell it through an ICO, then nothing to say.

[HatakeKakashi]

If yoi compared the price in 2013 and 2017 its totally big difference and I hopr it will increase more. So if you have bitcoin its better if you hold your bitcoin and for sure you will arn a lot of profit in the future. I think also this is the right time to buy bitcoin and hold it for few months because i believe bitcoin price before end of this year 2017 become double. But It depends always on the demand on the market.

[carlerha]

Op used 2013 chart of bitcoin price and predicted about bitcoin price in October 2017,  
yes, we could use previous charts to predict price movement due to some events may repeated, but the correction has been done last month after bitcoin reached the new ATH at $5000. Current market situation is; full of speculation about bitcoin price recover to ATH and Bitcoin GOLD (BTG) hardfork by the end of this month, if the devs team of BTG decide to distribute it for free, people are likely to buy more bitcoin in order to get more air drop, but if they decide to sell it through an ICO, then nothing to say.

in fact the situation is totally changed here. i think we should not compare 2013 to 2017, At that time the number of bitcoin users were limited and the investors were not so much mature, At that time people were doubtful about investment in bitcoin. but in present time people are more confident and even if the price of bitcoin is dropping they are not welling to sell their bitcoin and are giving good support to bitcoin price and that is the reason that for last few months we do not experienced such a big panic selling in the market, and hope that the investors will continue giving support to bitcoin and therefore its price will continue increasing.