accord01 (OP)
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December 11, 2013, 01:02:36 AM Last edit: December 11, 2013, 07:34:56 AM by accord01 |
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Things will look good for holidays.
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MAbtc
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December 11, 2013, 01:03:34 AM |
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I hope you're right. I'm almost out of coins to sell. Did well on the drop to 576, expected a top in the 900s......
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exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
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December 11, 2013, 01:13:33 AM |
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i dunno..it could remain stagnant for a while. But based on how its been, it looks like you might be correct!
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Xer0
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December 11, 2013, 01:15:40 AM |
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it will crash again but nobody will be able to see it coming!
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MAbtc
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December 11, 2013, 01:17:10 AM |
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it will crash again but nobody will be able to see it coming!
My feeling is that we are already at that point.
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Tirapon
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December 11, 2013, 01:17:37 AM |
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Question is, where will it settle?
I would guess ~$700
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MAbtc
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December 11, 2013, 01:18:14 AM |
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Question is, where will it settle?
I would guess ~$700
If we top lower than ATH... or triple top? You think we land considerably higher than the 576 bottom?
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superduh
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December 11, 2013, 01:27:03 AM |
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it's going higher than ATH that's the truth. watch and enjoy
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ok
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MAbtc
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December 11, 2013, 01:27:44 AM |
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it's going higher than ATH that's the truth. watch and enjoy
Okie dokie.
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Johnny Bitcoinseed
Full Member
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Activity: 154
Merit: 100
Johnny Bitcoinseed
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December 11, 2013, 01:32:19 AM |
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Market isn't anywhere near saturation, new people coming on board in droves.
You ain't seen nothin' yet. Don't be "Too Dumb to Hold".
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BittBurger
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December 11, 2013, 01:33:14 AM |
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I have to agree.
I can't fathom (outside of everyones super cool hip trendy "dead cat bounce" nonsense) why Bitcoin would crash again.
Bitcoin only crashes when bad news comes. Without that, it continues to expand and grow.
What are you basing the prediction of another crash on, aside from this weird "3 dead cat bounce" nonsense?
The price will continue to creep up (this is not a "rally") in a healthy manner. Maybe pleateau. Then creep up more.
Love,
BittBurger
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MAbtc
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December 11, 2013, 01:33:27 AM |
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Market isn't anywhere near saturation, new people coming on board in droves.
You ain't seen nothin' yet. Don't be "Too Dumb to Hold".
Market saturation has nothing to do with this....
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MAbtc
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December 11, 2013, 01:34:00 AM |
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I have to agree.
I can't fathom (outside of everyones super cool hip trendy "dead cat bounce" nonsense) why Bitcoin would crash again.
Bitcoin only crashes when bad news comes. Without that, it continues to expand and grow.
What are you basing the prediction of another crash on, aside from this weird "3 dead cat bounce" nonsense?
The price will continue to creep up (this is not a "rally") in a healthy manner. Maybe pleateau. Then creep up more.
Love,
BittBurger
What news preceded the crash at 266?
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humanitee
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December 11, 2013, 01:35:24 AM |
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What news preceded the crash at 266?
That Gox was a piece of shit, obviously!
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barbs
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December 11, 2013, 01:37:46 AM |
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We are going up for the foreseeable future.. You been bear trapped sorry mate it gets the best of us :-/
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Tirapon
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December 11, 2013, 01:47:42 AM |
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Question is, where will it settle?
I would guess ~$700
If we top lower than ATH... or triple top? You think we land considerably higher than the 576 bottom? To me, I was looking at the previous two 'bubbles' and 'crashes' - first was from $1-$32 then back to $2, followed by a long period of fairly stagnant price. Next was $32-$266 and down to $50 low, settling at around $100 for 6 months or so. I often hear people suggesting that as growth continues, the price swings ought to become smaller, as will the time for which price settles after making a big movement. This seems to make sense to me, so I was expecting something like a 50% drop from the peak of this last rally (which is more or less what we saw), followed by price settling somewhere lower than the peak but higher than the bottom of the dip, and for a period of less than 6 months. If we settle around $700 for 2-3 months without going below $576, I will be pretty confident that we'll see another big rally taking us past $1200, maybe to the next order of magnitude ($10 000+) (I know, past performance, future results etc. - there is no way to predict the future)
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MAbtc
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December 11, 2013, 01:52:34 AM |
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Question is, where will it settle?
I would guess ~$700
If we top lower than ATH... or triple top? You think we land considerably higher than the 576 bottom? To me, I was looking at the previous two 'bubbles' and 'crashes' - first was from $1-$32 then back to $2, followed by a long period of fairly stagnant price. Next was $32-$266 and down to $50 low, settling at around $100 for 6 months or so. I often hear people suggesting that as growth continues, the price swings ought to become smaller, as will the time for which price settles after making a big movement. This seems to make sense to me, so I was expecting something like a 50% drop from the peak of this last rally (which is more or less what we saw), followed by price settling somewhere lower than the peak but higher than the bottom of the dip, and for a period of less than 6 months. If we settle around $700 for 2-3 months without going below $576, I will be pretty confident that we'll see another big rally taking us past $1200, maybe to the next order of magnitude ($10 000+) (I know, past performance, future results etc. - there is no way to predict the future) But the 2013 crash was much bigger in magnitude than the 2012 crash/correction. So I don't know that the "smaller swings" argument holds. I also think we are far from the days of low volatility.
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beaconpcguru
Full Member
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Activity: 189
Merit: 100
Hello
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December 11, 2013, 01:58:41 AM |
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[/quote] What news preceded the crash at 266? [/quote]
Blockchain hard forked...
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User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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December 11, 2013, 02:09:50 AM |
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Market isn't anywhere near saturation, new people coming on board in droves.
You ain't seen nothin' yet. Don't be "Too Dumb to Hold".
20 million USD of coins per day are being generated. That's a lot of droves.
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Tirapon
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December 11, 2013, 02:14:06 AM |
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But the 2013 crash was much bigger in magnitude than the 2012 crash/correction. So I don't know that the "smaller swings" argument holds. I also think we are far from the days of low volatility.
Which one was the 2012 crash/correction? I was only counting two: 2011 (Which I wasn't around for) and then April 2013.
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