why all the negative posts

[HurricanOday]

I started a thread about buying 5k worth of bitcoin and got some pretty good advice. I ended up getting 7.14 coins, 5 were bought at 420-460 and then with the recent down to 550 I bought 2 more at 555. Have to double check my my exact numbers but in less than a month bitcoin has went from 420 to 570. My question is why are people complaining? Seems like all the bitcoin haters are trying to say I told you so when in fact bitcoin has gone up. True it hasn't gone up to what it was or beyond like some threads have guestimated  but I would guess most of the bitcoin holders are still making money, is that not correct?


Since I have started following bitcoin I have noticed a trend/pattern that it stays steady then jumps up high then back down to a medium (if that makes sense) stays at the medium for a while then repeats slowly moving the price up. Will this continue?


I obv want to turn my 7 coins into a zillion dollars but What are some realistic expectations of what bitcoin can do for the rest of the year?

[Benjig]

Nobody can tell realistic expectations, they depend on the news , adoption but in general terms we can talk about of a smooth uptrend in the rest of the year.. just hold into your coins.

[JerryCurlzzz]

Time frames, man. Time frames.

[kwukduck]

Because next week it will be down to 300...

[edwardspitz]

When bulls are banging their heads against a wall there is bound to be some complaining 

[HurricanOday]

Because next week it will be down to 300...

based on what?

[james1457]

people are expecting a moonshot, not $100 rally. get with the program! $5k bitcoins!

[segeln]

@OP

Patience is a virtue

[eoJ]

Because for the next week or two, we're probably gonna head sideways a bit, before going up further. Always happens, whenever there's something even mildly negative, the posts predicting the end of the world come out.

[HarmonLi]

Because for the next week or two, we're probably gonna head sideways a bit, before going up further. Always happens, whenever there's something even mildly negative, the posts predicting the end of the world come out.

What happened that was even mildly negative? 

[DolanDuck]

Bitcoin price is exponentially growing since the start, it won't stop this year, just hold and wait.
In my personal opinion by the end of this year we will see a new peak, maybe 2500/3000$ with
a new bottom at 1000-1200$.

[zimmah]

I started a thread about buying 5k worth of bitcoin and got some pretty good advice. I ended up getting 7.14 coins, 5 were bought at 420-460 and then with the recent down to 550 I bought 2 more at 555. Have to double check my my exact numbers but in less than a month bitcoin has went from 420 to 570. My question is why are people complaining? Seems like all the bitcoin haters are trying to say I told you so when in fact bitcoin has gone up. True it hasn't gone up to what it was or beyond like some threads have guestimated  but I would guess most of the bitcoin holders are still making money, is that not correct?


Since I have started following bitcoin I have noticed a trend/pattern that it stays steady then jumps up high then back down to a medium (if that makes sense) stays at the medium for a while then repeats slowly moving the price up. Will this continue?


I obv want to turn my 7 coins into a zillion dollars but What are some realistic expectations of what bitcoin can do for the rest of the year?

For the rest of the year, realistically between $4000 and $6000 at the peak and $2000~$2500 after the peak.

[zimmah]

Bitcoin price is exponentially growing since the start, it won't stop this year, just hold and wait.
In my personal opinion by the end of this year we will see a new peak, maybe 2500/3000$ with
a new bottom at 1000-1200$.

The bottom has so far always been at least 1.8 times higher than the previous ATH. $1200 times 1.8 = 2160. So expect the bottom to be at least $2000

[Ibian]

Peak of 5-15k this year followed by a drop to maybe 2k? 1500? Something like that, higher than the current ath if the pattern holds.

[gondel]

Peak of 5-15k this year followed by a drop to maybe 2k? 1500? Something like that, higher than the current ath if the pattern holds.

What makes you think so? It sounds nice!
My advise is just not to put all your savings in BTC, it is good to have some papers under your pillow
BR

[piramida]

Peak of 5-15k this year followed by a drop to maybe 2k? 1500? Something like that, higher than the current ath if the pattern holds.

7k in august, down to 3k by new year. that's from a psychic from a neighbour thread

[Ibian]

Peak of 5-15k this year followed by a drop to maybe 2k? 1500? Something like that, higher than the current ath if the pattern holds.

What makes you think so? It sounds nice!
My advise is just not to put all your savings in BTC, it is good to have some papers under your pillow
BR

Looking at the past couple bubbles, the lowest point is always higher than the previous ATH. Since current ATH is around 1200, that's the lowest it will go to next time. Which means the high must be considerably higher. 5k is my conservative estimate, but with an ever increasing amount of attention from big money there really is no telling how high it could go this time.

[shizuska]

Point to sell is around +0.35-0.45 log units, trendline from 2011

[bitleif]

Looking at the past couple bubbles, the lowest point is always higher than the previous ATH. Since current ATH is around 1200, that's the lowest it will go to next time. Which means the high must be considerably higher. 5k is my conservative estimate, but with an ever increasing amount of attention from big money there really is no telling how high it could go this time.

That's true. But markets can often be self-defeating prophecies. If "everybody knows" this is what's going to happen, chances are much higher that it won't. Just like nature abhors a vacuum, markets abhor predictability.

[KimNam]

i don't know where's thread that OP mentioned
from what i read in this thread, many people optimistic about BTC prices in future
break $600 right now, soon we will see $1000 again
HODL