whysosweet
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Activity: 40
Merit: 0
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August 27, 2014, 08:27:59 AM |
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The longer the price sits around this area, the more tension that is being built up below the surface. Eventually the pressure is going to be too much and the hatch will be blown 500 feet into the sky. If we stay down below the current ATH until the spring of 2015, I can see the next bubble taking us very close to $10,0000/coin before taking a nose dive back down, with a few dead cat bounces along the way.
Live through a few bubbles and your perspective changes on what can and cannot happen in the Wild West of cryptocurrency.
This has been the recent past. If crypto has a future, please be prepared to be surprised again. Every time we see the same threads, in some months there will be a bubble and all the bearish people will buy at loss. |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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August 27, 2014, 12:50:15 PM |
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The longer the price sits around this area, the more tension that is being built up below the surface. Eventually the pressure is going to be too much and the hatch will be blown 500 feet into the sky. If we stay down below the current ATH until the spring of 2015, I can see the next bubble taking us very close to $10,0000/coin before taking a nose dive back down, with a few dead cat bounces along the way.
Live through a few bubbles and your perspective changes on what can and cannot happen in the Wild West of cryptocurrency.
This has been the recent past. If crypto has a future, please be prepared to be surprised again. Every time we see the same threads, in some months there will be a bubble and all the bearish people will buy at loss. Or are never heard from again. |
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wobber
Legendary
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Activity: 1064
Merit: 1001
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August 27, 2014, 12:55:13 PM |
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The longer the price sits around this area, the more tension that is being built up below the surface. Eventually the pressure is going to be too much and the hatch will be blown 500 feet into the sky. If we stay down below the current ATH until the spring of 2015, I can see the next bubble taking us very close to $10,0000/coin before taking a nose dive back down, with a few dead cat bounces along the way.
Live through a few bubbles and your perspective changes on what can and cannot happen in the Wild West of cryptocurrency.
This has been the recent past. If crypto has a future, please be prepared to be surprised again. Every time we see the same threads, in some months there will be a bubble and all the bearish people will buy at loss. I think everyone should check the facts. Yes, price per unit is more than last year same time, but with all the news and adoption, we haven't made a significant move for months now. I'm calling it: no more bubbles, rallies or rapid price increases. TA applied on bitcoin is just tea reading. I see nothing notable happening soon (ie next 12-18 months) |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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btchaste
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Activity: 55
Merit: 0
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August 27, 2014, 01:18:21 PM |
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We are still in he early adoption phase, there is too much people in the world who doesn't know anything about bitcoins.
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wobber
Legendary
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Activity: 1064
Merit: 1001
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August 28, 2014, 08:37:37 AM |
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We are still in he early adoption phase, there is too much people in the world who doesn't know anything about bitcoins.
It doesn't really matter. Poor africans for example know about USD or EUR but they don't own any. They might find out about BTC soon too, but... doesn't mean they'll buy. I don't think there's much room for unforced adoption. But, if some govt makes it the only way to pay, that would be a different story. My bet: USA will be the first, after USD crashes. |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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botany
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Activity: 1582
Merit: 1064
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August 28, 2014, 04:31:47 PM |
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We are still in he early adoption phase, there is too much people in the world who doesn't know anything about bitcoins.
It doesn't really matter. Poor africans for example know about USD or EUR but they don't own any. They might find out about BTC soon too, but... doesn't mean they'll buy. I don't think there's much room for unforced adoption. But, if some govt makes it the only way to pay, that would be a different story. My bet: USA will be the first, after USD crashes. My bet would be on some failed economy. Argentina, as most of the analysts say, could be ripe for a bitcoin revolution. |
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Unbelive
Full Member
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Activity: 210
Merit: 100
Invest & Earn: https://cloudthink.io
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August 28, 2014, 04:40:00 PM |
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How you ever wondered what should happend with economy to lead bitcon market to another buble? Where it can reach up to $10000 per 1 BTC ?
next bubble will not go over 5k USD at its peak. |
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Hunyadi
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Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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August 28, 2014, 04:50:05 PM |
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How you ever wondered what should happend with economy to lead bitcon market to another buble? Where it can reach up to $10000 per 1 BTC ?
next bubble will not go over 5k USD at its peak.  |
▂▃▅▇█▓▒░B**-Cultist░▒▓█▇▅▃▂
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