Bitcoin on cover of time magazine

[accord01]

Things will look good for holidays.

[MAbtc]

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......

[exstasie]

i dunno..it could remain stagnant for a while.  But based on how its been, it looks like you might be correct!

[Xer0]

it will crash again but nobody will be able to see it coming!

[MAbtc]

it will crash again but nobody will be able to see it coming!

My feeling is that we are already at that point.

[Tirapon]

Question is, where will it settle?

I would guess ~$700

[MAbtc]

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?

[superduh]

it's going higher than ATH that's the truth. watch and enjoy

[MAbtc]

it's going higher than ATH that's the truth. watch and enjoy

Okie dokie.

[Johnny Bitcoinseed]

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".

[BittBurger]

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

[MAbtc]

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....

[MAbtc]

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?

[humanitee]

What news preceded the crash at 266?

That Gox was a piece of shit, obviously! 

[barbs]

We are going up for the foreseeable future.. You been bear trapped sorry mate it gets the best of us :-/

[Tirapon]

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)

[MAbtc]

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.

[beaconpcguru]

[/quote]
What news preceded the crash at 266?
[/quote]

Blockchain hard forked...

[User705]

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.

[Tirapon]

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.