BTC = $500 in February

[GigaCoin]

Thought i'd share this chart, compiled by litepresence a libertarian and excellent chart analyst who has been spot on pretty much every time. He has called every Bitcoin/Litecoin crash/correction since i've known him with amazing accuracy. This doesn't mean that the figure will be exactly $500, but it certainly means we are going to have a large dip within this month (followed by a bullish longterm trend).

Basically what this chart says is that February 2014 (potentially delayed to March) will play out similar to June 2013.

[wobber]

Nice and true.

[glendall]

Don't agree.  My pet theory is that we had the first two bubbles which were bubbles, and this last so-called-bubble wasn't a bubble or a crash. I think of it more of a popularity boom, with big thanks to China.

Main reason I don't describe it as a bubble:  the first and second bubbles the price rose too fast too soon, and also, Gox had a big part to play in both.  This third not-bubble, I don't think the ATH price was unwarranted, I think it is was only supply and demand working well.

I did not see a crash happen and I don't see us going lower than $600, which is not a crash imho. 

Further predictions (really out of a hat)  : I think we will a bubble this summer, that will be a bubble (the 3rd god damnit!) with an ATH of $2400 falling to a then stable for another year price of $1600 - $1800.  That will probably be seen as bearish.... truth be told each ATH blows my mind so I'll never doubt any numbers other folks have, like us going to $10,000 in 2016 or what not.

[TERA]

Don't agree.  My pet theory is that we had the first two bubbles which were bubbles, and this last so-called-bubble wasn't a bubble or a crash. I think of it more of a popularity boom, with big thanks to China.

If you read up about bubbles, then a "popularity boom" is exactly one of the conditions to be satisfied to create a bubble.

[keithers]

I think there is an outside possibility that this could come true, but I think there are too many people that have just recently heard about bitcoin and are just waiting with their fingers on the trigger to jump in.   I think the amount of buy orders that would pour in during a massive sell off will keep us above $600.   I could be wrong though. 

I am hoping we just hold steady in the $775-$800 and slowly grow from there.   

[btcshop]

I don't care.

[seleme]

I don't care.

And the winner is ... 

[jamesc760]

I could create a thread titled:

 BTC = $5000 in February

And show a random chart created by a random guy on internet. That will show them.

[bitcon]

derfinitely

[TERA]

[keithers]

It went up so fast that it created a yellow candle on the chart.   Yellow candles are even better than green ones .  $5000/btc confirmed

[chessnut]

It went up so fast that it created a yellow candle on the chart.   Yellow candles are even better than green ones .  $5000/btc confirmed

I think in any case an exponential log chart illustrates the end of the world 

[GigaCoin]

It went up so fast that it created a yellow candle on the chart.   Yellow candles are even better than green ones .  $5000/btc confirmed

That chart i posted is long-term BULL in consistency with an S Curve, however the analysis is in regards to a large dip short term, potentially to $500.

[Hyena]

The timewave is about to collapse as Bitcoin boosts the maximum innovation!
Explanation: http://www.youtube.com/watch?v=fZcegU0Q1Vo

[atc1]

The timewave is about to collapse as Bitcoin boosts the maximum innovation!
Explanation: http://www.youtube.com/watch?v=fZcegU0Q1Vo

I don't even...whaaat? 

[LOADING.READY.RUN]

That chart i posted is long-term BULL in consistency with an S Curve, however the analysis is in regards to a large dip short term, potentially to $500.

Keep in mind that the usual S-curve only looks S-shaped in a linear scale. The upward leg is an exponential function, so in a log scale it just looks like a line. The final flattening of the S-curve also looks like a flattening in log scale.

So bending upward as you seem to believe is necessary for the S-curve does not necessarily happen in a log scale.

Edit: Anyway, the first chart in the thread makes sense to me. Not saying that it must turn out like July 2013, but it is clearly one of the most likely scenarios.

[fonzie]

Zero very soon.

[Mythul]

Admit it dude you just want free coins. We all want that => won't happen. Too many people are waiting for $700, I would imagine 10x more wait for $500.
Not going to happen.

[hellscabane]

I'll admit, I wouldn't deny the possibility of an event causing a market shake-up that will cause the price of BTC to go down by 33%. But if that happens, it'll likely only be for a very short time. Of course, the question is, what kind of event would have to occur for that to happen...

[Yna]

With the way things are going at MtGox, I could see a large drop like that to occur. If they close down/stop trading I feel like the instability may cause a panic sell for a bit.



It'll bounce back quick though, so whatever.