Summer Rally!

[Bit_Happy]

The Summer Rally! is progressing well as new short-term highs have been coming almost every day. 
The drop from $660+ to $600 was "scary", but it recovered fast and is testing the recent high soon.

It's going up faster than it came down.. Soon 666$ thread will pop up again.

Good call, the 24 hour high at btc-e is currently $665.

[Swordsoffreedom]

The Summer Rally! is progressing well as new short-term highs have been coming almost every day. 
The drop from $660+ to $600 was "scary", but it recovered fast and is testing the recent high soon.

It's going up faster than it came down.. Soon 666$ thread will pop up again.

Good call, the 24 hour high at btc-e is currently $665.

Tssk I'm a bit disappointed that it missed $666 the number by 1 dollar
Well there is always tommorrow
Anyways bit curious I see 668 on BTC-E not 665
High: 668.416 USD

[g4c]

Well since we are saying how high it will go this time
I say between 2 to 3x the previous range low
So Around 1800-2500 this time around  

That's about what I'm guessing:  $2500 ± 500

[piramida]

Well since we are saying how high it will go this time
I say between 2 to 3x the previous range low
So Around 1800-2500 this time around  

That's about what I'm guessing:  $2500 ± 500

Right, previous rallies multiplied old ATH by a factor x28 (06/2011), then by x8.5 (04/2013), then by x4.71 (11/2013), so this one should be about x2.5 if progression holds which means around $3100. And that is a very conservative estimate, in reality I think 6-8k is very possible.

[DolanDuck]

Well since we are saying how high it will go this time
I say between 2 to 3x the previous range low
So Around 1800-2500 this time around  

That's about what I'm guessing:  $2500 ± 500

The peak of the new bubble should really be around that value, I would sell some coins when we will break through $2000
if the rally will be in exponential mode.

[Bit_Happy]

This thread is primarily about Bitcoin's Rally:
Speaking of summer, the BBQ season is heating up, since BBQcoin just spiked ~270% from 503 to 1349 and quickly back down.
Was BBQ the original joke coin? I know it existed long before the most famous joke_money.

The Summer Rally! is progressing well as new short-term highs have been coming almost every day. 
The drop from $660+ to $600 was "scary", but it recovered fast and is testing the recent high soon.

It's going up faster than it came down.. Soon 666$ thread will pop up again.

Good call, the 24 hour high at btc-e is currently $665.

Tssk I'm a bit disappointed that it missed $666 the number by 1 dollar
Well there is always tommorrow
Anyways bit curious I see 668 on BTC-E not 665
High: 668.416 USD

That happened while I was typing, the market was experiencing some Summer heat. 

[BittBurger]

Well since we are saying how high it will go this time
I say between 2 to 3x the previous range low
So Around 1800-2500 this time around  

That's about what I'm guessing:  $2500 ± 500

The peak of the new bubble should really be around that value, I would sell some coins when we will break through $2000
if the rally will be in exponential mode.

+1

[Bit_Happy]

My speculation is that the bottom is in and we are enjoying a powerful RALLY!
There will be dips, and a series of higher short-term highs:
How high can it go?
.......

Back on track and having a great time today.  
Getting close to $700 very soon...  ?

[counter]

It is interesting how it has been working out so far this summer.  I suspected word of mouth would play a big roll but I think it is has to do with a few other things news playing a big part.

I don't know where the next rally will bring us or when it will happen but I suspect some serious movement when it takes place. 

[zimmah]

Not too long ago many people believed in a $4000~6000 peak, but now I seem to be one of very few who still thinks a rally to $5000 will happen soon.

[lay785]

Not too long ago many people believed in a $4000~6000 peak, but now I seem to be one of very few who still thinks a rally to $5000 will happen soon.

too many people would dump all their coins long before it got close. 

[Asrael999]

Not too long ago many people believed in a $4000~6000 peak, but now I seem to be one of very few who still thinks a rally to $5000 will happen soon.

too many people would dump all their coins long before it got close. 

+1 This.


The amount of fiat required to get us to that level is probably a multiple of the current market cap.

[SlaveInDebt]

Summer 2012.

[zimmah]

Not too long ago many people believed in a $4000~6000 peak, but now I seem to be one of very few who still thinks a rally to $5000 will happen soon.

too many people would dump all their coins long before it got close. 

+1 This.


The amount of fiat required to get us to that level is probably a multiple of the current market cap.

That's what they said at dollar parity, at $10, at $100 and at $1000 and now it's the same shit.

When do you guys see the pattern?

Well, maybe it's better that you don't see it, leaves more profit for me.

[windjc]

Not too long ago many people believed in a $4000~6000 peak, but now I seem to be one of very few who still thinks a rally to $5000 will happen soon.

too many people would dump all their coins long before it got close. 

+1 This.


The amount of fiat required to get us to that level is probably a multiple of the current market cap.

That's what they said at dollar parity, at $10, at $100 and at $1000 and now it's the same shit.

When do you guys see the pattern?

Well, maybe it's better that you don't see it, leaves more profit for me.

Pretty much. 

[Thylacine]

The Summer Rally!

Not here mate...  

[piramida]

Not too long ago many people believed in a $4000~6000 peak, but now I seem to be one of very few who still thinks a rally to $5000 will happen soon.

too many people would dump all their coins long before it got close.  

+1 This.


The amount of fiat required to get us to that level is probably a multiple of the current market cap.

fiat is paper. there's, literally, unlimited amounts of that available. if bankers run out of trees, they will start making plastic bills, then recycle your books and so on.