Timeline over the next 2 months

[Wilhelm]

The OP prediction looks stupid but is perfectly possible.
Looking at last bubble once it goes viral the price hits it's ATH 15-30days after it goes TO DA M00OO00N!!
We are seeing a moon-startup if it follows through you could see somewhat like a 500% increase at the end of next month.

My BTC0.02

[bitbob82]

I reread the MTGOX chart from year 2010 and below is the high and low tide

[pinksheep]

I know I'm jumping the gun, but the hard part will be knowing when to sell, ie knowing when we have reached the peak. I'd hate to sell at $4000 & then the price continued to soar. I'm in it for the long term, hoping to eventually cash out if it ever reached maybe $4000 x 10, but still it would be nice to get out & then buy back cheaper.

[oda.krell]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Just quoting so I'll remember to check how your prediction turns out in two months from now.

Extremely unlikely what you describe, imo, but you're the hero member, so let's see...

[saddambitcoin]

I agree with Elwar, perhaps not in the exact time frame but the sentiment is there.

In August 2013 everyone here was speculating how high the next bubble would go, when the reversal was confirmed - estimates from $400 to $600 were common but at the time seemed unrealistic. We all know what happened. 

This shows us that it only takes a few months of the right conditions for new market participants to come in and start pumping. I wish chodpaba would come back, this was a smart person that posted projections about the reversal trend, then they deleted all their posts.

[vpitcher07]

If we see 3600 by july I will shit myself. I'm sorry - i'm bullish on bitcoin in the long run- but there's just too much resistance to see 3600 that soon. Remember, there is going to be MASSIVE resistance near 1k as those who purchased at the last 1k will be cashing out. I don't see anything close to 3600 by july. Just my 2 cents.

[dnaleor]

If we see 3600 by july I will shit myself. I'm sorry - i'm bullish on bitcoin in the long run- but there's just too much resistance to see 3600 that soon. Remember, there is going to be MASSIVE resistance near 1k as those who purchased at the last 1k will be cashing out. I don't see anything close to 3600 by july. Just my 2 cents.

there was a large resistance at 100 USD also, after the crash. We finally broke it, no matter what

[Elwar]

If we see 3600 by july I will shit myself. I'm sorry - i'm bullish on bitcoin in the long run- but there's just too much resistance to see 3600 that soon. Remember, there is going to be MASSIVE resistance near 1k as those who purchased at the last 1k will be cashing out. I don't see anything close to 3600 by july. Just my 2 cents.

Most of the weak hands have already taken their ball and gone home. Most of them left within a month when they had bills to pay/Christmas presents that they gambled holding off for a few weeks to get rich.

[Elwar]

Oh, and I noticed it is down from almost $550...that is a good thing, it was rising far too quickly to be this early in the rise.

We should be seeing just under 3% rise per day on average...less now and higher later.  Jumping 5-10% per day was too much.

[bryant.coleman]

We should be seeing just under 3% rise per day on average...less now and higher later.  Jumping 5-10% per day was too much.

Looking at the Bitcoin exchange rates over the last 24 months, I can tell you with confidence that Bitcoin does not move in small amounts. When it raises, it increases by 20% to 50% in a single day. The same happens when it drops. So the increase of 5-10% a day was nothing unusual.

[segeln]

We should be seeing just under 3% rise per day on average...less now and higher later.  Jumping 5-10% per day was too much.

Looking at the Bitcoin exchange rates over the last 24 months, I can tell you with confidence that Bitcoin does not move in small amounts. When it raises, it increases by 20% to 50% in a single day. The same happens when it drops. So the increase of 5-10% a day was nothing unusual.

+1
but a slow rise is much more "healthy"

[ranlo]

We should be seeing just under 3% rise per day on average...less now and higher later.  Jumping 5-10% per day was too much.

Looking at the Bitcoin exchange rates over the last 24 months, I can tell you with confidence that Bitcoin does not move in small amounts. When it raises, it increases by 20% to 50% in a single day. The same happens when it drops. So the increase of 5-10% a day was nothing unusual.

I've been noticing this as well, and I think it's because of the fear people have instilled in themselves now. Seeing it go from 1200 to 1/3 that in a couple months, seeing it go from 60 to 1200 in a couple months, etc. People now see that it went up a few dollars and start buying in ASAP, and as soon as it starts dropping they dump.

[bryant.coleman]

+1
but a slow rise is much more "healthy"

There is no such thing as a healthy rise. Any rise is welcome for me. Only the short-sellers will lose money on a sudden rise. And they need to lose money, at least for spamming this forum with negative news. 

[windjc]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Not even close. We are months - 4-18 months from the next major bubble.

[Ibian]

Re: Where is the money going to come from: Everywhere.

The more people use bitcoin the more people hear about it the more new people use it. It spreads like a ring in a pond.

And as for having a "reason" to buy in? To make money, obviously. Different money men make money in different ways, and some of them will do it the same way we do. Just with bigger numbers.

[Shallow]

Geez Elwar that's a big prediction, but you have been pretty much on the mark in the past so here's hoping

[oda.krell]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Not even close. We are months - 4-18 months from the next major bubble.

Agreed. Next bubble inflection point vertex February 2015 (if we're lucky), otherwise fall 2015.

[zakalwe]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Not even close. We are months - 4-18 months from the next major bubble.

Agreed. Next bubble inflection point February 2015 (if we're lucky), otherwise fall 2015.

I don't think so. In the last weeks there have be plenty of very good news and a larger adoption is right around the corner. It is as if it's an elastic tensed veeeery much. At the release it wil skyrocket fast and violently.

[oda.krell]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Not even close. We are months - 4-18 months from the next major bubble.

Agreed. Next bubble inflection point February 2015 (if we're lucky), otherwise fall 2015.

I don't think so. In the last weeks there have be plenty of very good news and a larger adoption is right around the corner. It is as if it's an elastic tensed veeeery much. At the release it wil skyrocket fast and violently.

Low volume so far, and the breather we're taking now after just <20% upwards, says differently. Oh, that, and that in this bear market about every major LT indicator gave a bearish signal. It'll take a while to get out of that, I think, but we'll see.

[ranlo]

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Not even close. We are months - 4-18 months from the next major bubble.

Agreed. Next bubble inflection point February 2015 (if we're lucky), otherwise fall 2015.

I don't think so. In the last weeks there have be plenty of very good news and a larger adoption is right around the corner. It is as if it's an elastic tensed veeeery much. At the release it wil skyrocket fast and violently.

Low volume so far, and the breather we're taking now after just <20% upwards, says differently. Oh, that, and that in this bear market about every major LT indicator gave a bearish signal. It'll take a while to get out of that, I think, but we'll see.

If eBay and PayPal implement Bitcoin this year, that is going to make a huge difference for sure. It may also help spark Amazon and other merchants into jumping on board, further pushing the value (as they become more usable) up.