Bubble incoming! $3800 - $4000 expected

[oda.krell]

Are we seriously discussing whether r "uberbull" pietila has been, consistently, way overconfident in his price estimations?

So please don't be a lazy ass, blatchcorn... If you're seriously in doubt about that, go to his post history. Examples of "that's rock bottom, we'll never go this low again" will be easily found. He also stated during the February drop that this was the end of the correction (when we had another 2 months left). And let's not even talk about the 2013 era when he claimed there's no way we wouldn't hit $100k by the end of the year.

He was right about going into the 400s, but even that was too optimistic as we hit the 300s after all, and he was far from being the only one in here who predicted lower prices. That said, I do give him credit though for saying the above, considering that this was a "bearish" target coming from one of the most bullish posters in here, so it added some weight.

[TERA]

So please don't be a lazy ass, blatchcorn... If you're seriously in doubt about that, go to his post history.

Ya I was assembling a response to blatchcorn with posts between me and repietelia and then realized it would set a bad precent and I'd always be doing all this work to prove myself to people and wasting my time, so I wont. Although I cant help but point out this chart. I predicted the exact bottom, on the exact date, though apparently I was a little too bullish about what would happen after that

I see that bear services have been requested here. While I have been bullish lately, I will be glad to make a good old bear chart

[Dragonkiller]

The thing with TERA is she posts hundreds of charts, so one of them is bound to be right.

[blatchcorn]

The thing with TERA is she posts hundreds of charts, so one of them is bound to be right.

Exactly. 

[Dafar]

The thing with TERA is she posts hundreds of charts, so one of them is bound to be right.

Women are always right, right?

[Arghhh]

Remember that even a broken clock is right twice a day  

[cooldgamer]

Bitcoin always seems to skyrocket after a bubble, so I wouldn't be surprised if we started to see another one soon.

[Bit_Happy]

The recent sell-off seems to be over, and the uptrend should continue.
How soon?
I think we should be near $700 before the end of this month.

[FattyMcButterpants]

The thing with TERA is she posts hundreds of charts, so one of them is bound to be right.

the devil is in the details. i think TERA has been pretty consistent actually. there is no predicting any particular path -- only looking at the possibilities and assigning statistical probability.

[Carra23]

Are we seriously discussing whether r "uberbull" pietila has been, consistently, way overconfident in his price estimations?

So please don't be a lazy ass, blatchcorn... If you're seriously in doubt about that, go to his post history. Examples of "that's rock bottom, we'll never go this low again" will be easily found. He also stated during the February drop that this was the end of the correction (when we had another 2 months left). And let's not even talk about the 2013 era when he claimed there's no way we wouldn't hit $100k by the end of the year.

He was right about going into the 400s, but even that was too optimistic as we hit the 300s after all, and he was far from being the only one in here who predicted lower prices. That said, I do give him credit though for saying the above, considering that this was a "bearish" target coming from one of the most bullish posters in here, so it added some weight.

He has been in optimistic phase over the last year. Before that it was the opposite and he used to be all pessimistic.

[romneymoney]

If you're so sure, buy my 100BTC now for $1,200/each. You'll make 3x or more back on your investment!

I'm bullish, but this just sounds retarded for now.

Not clever or funny or a good point or anything useful at all.  Read more, post less.  

Yeah, that's why my statement was made in jest.

You see, sometimes people say things on the internet that aren't how they seem.

These boards are full of so many angry, impatient, get-rick-quick idiots that would cash out all their BTC for fiat the moment the price went 10x.

You people don't give a shit about BTC or the principles behind it. You all just want to get rich overnight to help increase your shitty self esteems.

I own my BTC because I actually like the idea of a parallel currency. Not so I can buy a BMW and pretend I am rich when it eventually 10x's in value.

The Bitcoin economy needs less people like you.

Although, what do I expect from someone that has a politicians name in their username? You're obviously an excellent critical thinker!

You've got it all wrong about me.. Not worth addressing it point by point.

[Swordsoffreedom]

I've used the RSI to see if we can expect a new bubble. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Just before the last bubbles we had a rise of the RSI above 80 and directly after that we had a drop. After this drop comes the bubble.

I'm expecting a top of about $3800 to $4000 because of the symmetrical triangles. Price target of a symmetrical triangle: the widest distance of the symmetrical triangle can be measured and applied to the breakout point

This seems like a viable way to measure relative growth in the index.
Btcoin is not really an index the price may follow a similar pattern so it makes for good speculation.

I hope the price goes up to in relation to the news of the sale from the FBI and the market reads that sentiment positively.

[nwfella]

Would be amazed to see bitcoin reach heights as high as 3800-4000.  A bit skeptical that they will get that high but agree something big a brewin.

[CEG5952]

Would be amazed to see bitcoin reach heights as high as 3800-4000.  A bit skeptical that they will get that high but agree something big a brewin.

I'm convinced that we will see those levels, and probably much, much higher as well. But I am not convinced at all that we are entering another bubble in the very near future.

You all know what they say about everyone expecting the same thing, right?

[kibblesnbits]

https://www.betmoose.com/bet/bitcoin-will-pass-1600-by-the-end-of-this-year

Here ya go!  Let's put some skin in this game!

[Wolf Rainer]

So we are on down trend again. When will this end?

[zimmah]

Would be amazed to see bitcoin reach heights as high as 3800-4000.  A bit skeptical that they will get that high but agree something big a brewin.

actually i see this as a low estimate.

$5000~$6000 seems more likely to me, but the safest bet would probably be $4000 to $5000

of course you could sell (partly) at or before $4000, but you would kick yourself in the nuts if you'd see the price would shoot all the way to to $6000 after that.

Or even (less likely) do a double growth spurt like in 2012.

So we are on down trend again. When will this end?

By July most likely. It can't continue much longer than that.

[smoothie]

The thing with TERA is she posts hundreds of charts, so one of them is bound to be right.

Women are always right, right?

It is good to admit you are wrong when it is obvious.

Yes making a ton of charts eventually you will have one that is right.

I still say we have a new ATH by the end of July 2014.

But I could be wrong...just...my view.

[HarHarHar9965]

What happens if we break long term support?

Bubble launch?

[TERA]

What happens if we break long term support?

Bubble launch?

Then there will be no more traders entering just to time and front run a rally and we will see where bitcoin's true believers actually buy.