Bitcoin bubble to occur late August/early September

[dyland]

Source?

No source. This is all you get. But it's enough!

 

Maybe this guy has his own autistic friend...

LOL, that thread was a classic.

[tinof]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

any point to selling now? Or do you think this is as low as it goes?

We could go a lot lower, that's for sure. If we start to go into the $520s we'll see a cascading long-burn that'll most likely crash Bitfinex, and they'll have to roll-back the trades.

OK, I'm shorting for now, while watching the price like a hawk.

Buy back in hopefully <550

Remember to make up your own mind, though! I may be totally wrong here, like everyone else, too! But we're in quite a difficult situation right now, I guess, that's for certain.

Here is my game plan:

I am going to set up some buy limit at 450-470 in case of flash crash. Exit price will be 550 and will re-enter at 450-470 again.

[Markos]

There is probably only one thing that could make a small bubble now. The official entry of Russian troops to Ukraine and military response of the West, that would implicate hard political crisis, like the Cuban missile crisis. Otherwise - no chance in my opinion.

[dropt]

There is probably only one thing that could make a small bubble now. The official entry of Russian troops to Ukraine and military response of the West, that would implicate hard political crisis, like the Cuban missile crisis. Otherwise - no chance in my opinion.

And why exactly would this act of war prompt people of the world to put their money into a high-risk experimental currency/commodity?

[freedomno1]

There is probably only one thing that could make a small bubble now. The official entry of Russian troops to Ukraine and military response of the West, that would implicate hard political crisis, like the Cuban missile crisis. Otherwise - no chance in my opinion.

And why exactly would this act of war prompt people of the world to put their money into a high-risk experimental currency/commodity?

Well when the local currency goes down the gutter and people want to move it in the meanwhile when the bombs are falling around them
When Russian tanks are in Kiev the Hryvnia is worthless
http://www.xe.com/currency/uah-ukrainian-hryvnia
http://www.xe.com/currencycharts/?from=USD&to=UAH&view=1Y

[Benjig]

Well this guy is close to be right, we are almost at 550 so i hope he is right timing the bubble hehe.

but he predicted a 550 drop and we are currently at 530 almost 520 so its not like the perfect timing.

[Divinespark]

Yep pretty prescient call
May not be a bad time to buy a few for a momentum play into the latter months of the year

[unpure]

Yep pretty prescient call
May not be a bad time to buy a few for a momentum play into the latter months of the year

Sound like a bad idea right now as all coins are dropping hard.

[Mobius]

There is probably only one thing that could make a small bubble now. The official entry of Russian troops to Ukraine and military response of the West, that would implicate hard political crisis, like the Cuban missile crisis. Otherwise - no chance in my opinion.

And why exactly would this act of war prompt people of the world to put their money into a high-risk experimental currency/commodity?

If people think that the Russians are going to invade their country and seize all their assets. If their assets are in bitcoin then Russia cannot seize their assets; if they are in stocks or bank accounts they can.

[jaberwock]

There is probably only one thing that could make a small bubble now. The official entry of Russian troops to Ukraine and military response of the West, that would implicate hard political crisis, like the Cuban missile crisis. Otherwise - no chance in my opinion.

Any thing that may cause gold goes up will cause Bitcoin goes up, that is, any political or economic unstability.

But it is questionable if people would put on money if we get in a realistic situation where the 3th world war is imminent, because it could very well cut off the internet

[trashman43]

Everyone wants to know just when to buy and when to sell.

Well here you go. Buy week two of August at 550, sell second week of September at whatever the hell price it is, before it comes tumbling back down.

LOL even the timing is right for now. if this holds, this guy will be a legend around here. if not, just another failed prediction.

[dyland]

Looks like I made the right choice yesterday.

Watching closely now, with respect to buy back.

[Razick]

We've had a few months of downward stability, and I think we're now likely to see a few of upward stability before we MIGHT see another bubble: https://bitcointalk.org/index.php?topic=737308.0

As much as it would help me, I hope we never see another bubble. The stable prices of late have been really nice.

[InwardContour]

The bubble predictions are shifting every month more, but sooner or later someone will guess the right time...

[Ayers]

Well this guy is close to be right, we are almost at 550 so i hope he is right timing the bubble hehe.

maybe he is the pumper among others like him, forming a small group?

[crazyearner]

Prices are soon to fall again and already said time and time again over different section here too that price will eventually fall into the mid $400s before even climbing back up to high 700-800 area... Should see a few more drops in the 500s to 470s areas and possible to 300 mark depending on the last part of this month and 2nd quarter of next month.

Looks like my prediction from my quoted post is about right and people never listen to me. I did warn for this that it was going to happen back in mid July. I know where it is currently going to go to and its not looking good. Eventually mid SEP towards Nov is when it will begin to recover. Enjoy the low prices.

[Brewins]

Prices are soon to fall again and already said time and time again over different section here too that price will eventually fall into the mid $400s before even climbing back up to high 700-800 area... Should see a few more drops in the 500s to 470s areas and possible to 300 mark depending on the last part of this month and 2nd quarter of next month.

Looks like my prediction from my quoted post is about right and people never listen to me. I did warn for this that it was going to happen back in mid July. I know where it is currently going to go to and its not looking good. Eventually mid SEP towards Nov is when it will begin to recover. Enjoy the low prices.

November is when the last bubble started. If we don't see a bubblish scenario, people might leave the market looking for easy money somewhere else, so there is a chance that things won't be better at November

[kireinaha]

There is probably only one thing that could make a small bubble now. The official entry of Russian troops to Ukraine and military response of the West, that would implicate hard political crisis, like the Cuban missile crisis. Otherwise - no chance in my opinion.

And why exactly would this act of war prompt people of the world to put their money into a high-risk experimental currency/commodity?

Well when the local currency goes down the gutter and people want to move it in the meanwhile when the bombs are falling around them
When Russian tanks are in Kiev the Hryvnia is worthless
http://www.xe.com/currency/uah-ukrainian-hryvnia
http://www.xe.com/currencycharts/?from=USD&to=UAH&view=1Y

Wrong. Most people won't convert their liquid assets, and even if they do, it will be to euros/dollars or precious metals. Bitcoin is way, way down on the list.

[bigtimespaghetti]

Prices are soon to fall again and already said time and time again over different section here too that price will eventually fall into the mid $400s before even climbing back up to high 700-800 area... Should see a few more drops in the 500s to 470s areas and possible to 300 mark depending on the last part of this month and 2nd quarter of next month.

Looks like my prediction from my quoted post is about right and people never listen to me. I did warn for this that it was going to happen back in mid July. I know where it is currently going to go to and its not looking good. Eventually mid SEP towards Nov is when it will begin to recover. Enjoy the low prices.

November is when the last bubble started. If we don't see a bubblish scenario, people might leave the market looking for easy money somewhere else, so there is a chance that things won't be better at November

Could be that people are leaving the market for now. Not sure where else 'easy' money is.

[zedicus]

Prices are soon to fall again and already said time and time again over different section here too that price will eventually fall into the mid $400s before even climbing back up to high 700-800 area... Should see a few more drops in the 500s to 470s areas and possible to 300 mark depending on the last part of this month and 2nd quarter of next month.

Looks like my prediction from my quoted post is about right and people never listen to me. I did warn for this that it was going to happen back in mid July. I know where it is currently going to go to and its not looking good. Eventually mid SEP towards Nov is when it will begin to recover. Enjoy the low prices.

November is when the last bubble started. If we don't see a bubblish scenario, people might leave the market looking for easy money somewhere else, so there is a chance that things won't be better at November

Could be that people are leaving the market for now. Not sure where else 'easy' money is.

In an efficient market there is no "easy" money as there is enough information to know what will likely impact prices in the near and medium term future. In order for anyone to make any serious ROI they will need to invest a lot of time in doing research and monitoring various markets for potential opportunities.