Bitcoin Forum
May 10, 2024, 01:13:38 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: How high will BTC go in the next bull run.  (Read 4002 times)
T.Stuart
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


One Token to Move Anything Anywhere


View Profile
April 24, 2014, 09:20:15 AM
 #61


What do you think will cause the next spike?

I think that the pattern seen with Bitcoin so far is not fundamentally based on particular "saviour" events coming along and causing massive spikes; it is more a case of the cumulative effect of people hearing about, learning about, and joining the ecosystem. The relatively complicated nature of Bitcoin technology, the host of associated security problems (ironically none of them really to do with the Bitcoin protocol itself), etc. make for an extremely extended and slow adoption rate, even though this is enough still to result in massive price increases.

As the positive feedback loop strengthens enough to push the uptrend, any news that happens to be around at the time and loosly fits the bill can get picked up on as "the" cause of the spike. Look back at Bitcoin history. People say one of the previous spikes was caused by people in Cyprus investing in Bitcoin. That's nonsense.

But anyway, to answer your question without being too pedantic, I think simple adoption will cause the next spike, and that most of it may come, on this occasion, from good old America!

                                                                               
███████████████▄▄▄                     ▄█▄     ▀█████▄                     ▄█████▀
████████████████████▄                ▄█████▄     ▀█████▄                 ▄█████▀
              ▀▀█████▄             ▄█████████▄     ▀█████▄             ▄█████▀
                 █████▌          ▄█████▀ ▀█████▄     ▀█████▄         ▄█████▀
                 ▐█████        ▄█████▀     ▀█████▄     ▀█████▄     ▄█████▀
                 █████▌      ▄█████▀         ▀█████▄     ▀█████▄ ▄█████▀
              ▄▄█████▀     ▄█████▀     ▄█▄     ▀█████▄     ▀█████████▀
████████████████████▀    ▄█████▀     ▄█████▄     ▀█████▄     ▀█████▀
███████████████▀▀▀     ▄█████▀     ▄█████████▄     ▀█████▄     ▀█▀
                                    ▀███████▀
                                      ▀███▀
                                        ▀
.
▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔
.◆ ◆ ◆ ONE TOKEN TO MOVE ANYTHING ANYWHERE ◆ ◆ ◆.
▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁
1715303618
Hero Member
*
Offline Offline

Posts: 1715303618

View Profile Personal Message (Offline)

Ignore
1715303618
Reply with quote  #2

1715303618
Report to moderator
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
makngeerwork
Full Member
***
Offline Offline

Activity: 141
Merit: 100

???


View Profile
April 24, 2014, 02:53:35 PM
 #62

Hmm... next bull run I would be looking at 1,800-2,200 area.

███    TWITTER   FLUX   WHITEPAPER  ███
███    WEBSITE   GAMING ECOSYSTEM        MEDIUM      ███
███  TELEGRAM  VALVE  UBISOFT  ██████ Origin  GAMELOFT      FACEBOOK   ███
yayayo
Legendary
*
Offline Offline

Activity: 1806
Merit: 1024



View Profile
April 24, 2014, 03:41:03 PM
 #63

It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.

Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed.

ya.ya.yo!
When has Bitcoin hovered around any number for a year or more?  I think the odd of that happening are pretty low. Wink

I remember it happening for about that long in 2011/2012. You were probably being rhetorical, though.

BTC was in the ~$5 to $7 range for a long time after the low of $1.9998.
I don't remember exactly how long.

I guess it could happen.  But we have more "players in the game" now.  I would think it would be harder now than it was then to plateau for so long.  Plus we have some big "players" entering the field in a few months, so it appears.

The past is not always a perfect predictor of the future. If it would be then the term "speculation" would not exist. You have to acknowledge the fact that with each increase in price further increases of comparable magnitude are harder to achieve because a lot more capital is needed.

We are in the billions already. It's possible for Bitcoin to rise much higher however it will do so at an overall reduced velocity.

ya.ya.yo!

.
..1xBit.com   Super Six..
▄█████████████▄
████████████▀▀▀
█████████████▄
█████████▌▀████
██████████  ▀██
██████████▌   ▀
████████████▄▄
███████████████
███████████████
███████████████
███████████████
███████████████
▀██████████████
███████████████
█████████████▀
█████▀▀       
███▀ ▄███     ▄
██▄▄████▌    ▄█
████████       
████████▌     
█████████    ▐█
██████████   ▐█
███████▀▀   ▄██
███▀   ▄▄▄█████
███ ▄██████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████     
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████
         ▄█████
        ▄██████
       ▄███████
      ▄████████
     ▄█████████
    ▄███████
   ▄███████████
  ▄████████████
 ▄█████████████
▄██████████████
  ▀▀███████████
      ▀▀███
████
          ▀▀
          ▄▄██▌
      ▄▄███████
     █████████▀

 ▄██▄▄▀▀██▀▀
▄██████     ▄▄▄
███████   ▄█▄ ▄
▀██████   █  ▀█
 ▀▀▀
    ▀▄▄█▀
▄▄█████▄    ▀▀▀
 ▀████████
   ▀█████▀ ████
      ▀▀▀ █████
          █████
       ▄  █▄▄ █ ▄
     ▀▄██▀▀▀▀▀▀▀▀
      ▀ ▄▄█████▄█▄▄
    ▄ ▄███▀    ▀▀ ▀▀▄
  ▄██▄███▄ ▀▀▀▀▄  ▄▄
  ▄████████▄▄▄▄▄█▄▄▄██
 ████████████▀▀    █ ▐█
██████████████▄ ▄▄▀██▄██
 ▐██████████████    ▄███
  ████▀████████████▄███▀
  ▀█▀  ▐█████████████▀
       ▐████████████▀
       ▀█████▀▀▀ █▀
.
Premier League
LaLiga
Serie A
.
Bundesliga
Ligue 1
Primeira Liga
.
..TAKE PART..
600watt
Legendary
*
Offline Offline

Activity: 2338
Merit: 2106



View Profile
April 24, 2014, 04:02:48 PM
 #64

next peak will be either in 2014 around 4500 or - if it happens in 2015 it will rise to 8500.
bigdave
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
April 24, 2014, 04:04:18 PM
 #65

http://www.coindesk.com/xapo-launches-bitcoin-debit-card-accepted-at-all-mastercard-locations/

After reading this I'm pretty excited.
pinksheep (OP)
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
April 24, 2014, 04:07:38 PM
 #66

Yes, sounds good, I hope it boosts the number of bitcoin users.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
boumalo
Legendary
*
Offline Offline

Activity: 1904
Merit: 1018


View Profile WWW
April 25, 2014, 01:17:10 PM
 #67


Wow an other bullish news in a kind of bearish market, bearish short term but bullish long term

Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!