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Author Topic: When will Bitcoin take off again?  (Read 6900 times)
oaks05
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September 12, 2014, 06:17:15 AM
 #1

Im sure alot can happen before this scenario happens but ive always felt for Bitcoin to take off like it did last year something big has to happen, what if another stock market crash happens and banks start failing again, people will be searching for a way to protect there money by pulling it outta banks and outta stocks to prevent big losses they sustained back in 2008, and put it into bitcoin, I could be way off but ive had this feeling for a long time though, does anything think im way off base or have some merit here?


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September 12, 2014, 06:20:40 AM
 #2

No one knows.

And moon events happen without a clear trigger, so it is hard to know when will it be done, until it was already done.
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September 12, 2014, 06:25:48 AM
 #3

Ive just been watching the stock market gain and gain all year and bitcoin go down and down, I guess its easiest put bitcoin can be compared to gold in a way, gold is hitting new lows every day, people want to put there money whrere it makes the most money because most people are driven by greed. it only makes sense in my eyes bitcoin will take off again when the stock market crashes.


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September 12, 2014, 07:00:42 AM
 #4

We have to assume it might never take off but probably history will show this to be a cheap buy period
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September 12, 2014, 07:04:24 AM
 #5

It is hard to know and maybe impossible to know. Some action or company should start first. I don't think we will se ATH this month or next mont.

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September 12, 2014, 07:11:21 AM
 #6

I just see all these post whats wrong with bitcoin why does the price slowly keep going down, bitcoin exploded way to fast last year, I still consider with all the exposure bitcoin has been given that we are still very early in the adoption period, this is still 100% the early stage in my opinion, too many people are impatient or too many people care about shorting bitcoin to make a few dollars,  I just know the next time a market crashes and how bitcoin reacts to it ill know a lil more what future bitcoin has.


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September 12, 2014, 07:35:40 AM
 #7

After the next halving.
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September 12, 2014, 07:37:41 AM
 #8

Recall that two big kick-ups for Bitcon in 2013 were the US Government debt-whoopsie in October, and the Cyprus bail-in.

http://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11088265/Only-Germany-is-holding-together-as-separatists-threaten-to-rip-Europe-apart.html
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September 12, 2014, 07:46:45 AM
 #9

thanks for that reddit article  IMZ makes some valid points, he seems to be dead on which is scary a bit and ZBY ive watched many crypto currencies  halve and there is always a rise in price so you are def correct but that wont happen for another 90+ weeks i believe.


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September 12, 2014, 08:16:53 AM
 #10

thanks for that reddit article  IMZ makes some valid points, he seems to be dead on which is scary a bit and ZBY ive watched many crypto currencies  halve and there is always a rise in price so you are def correct but that wont happen for another 90+ weeks i believe.

I personally don't think it'll take that long for price to continue to uptrend...then again I also didn't think it would take this long for bitcoin price to recover Tongue

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September 12, 2014, 11:02:42 AM
 #11

The rash of good news lately should translate to increased adoption in a few months, the thought being that it takes a few exposures to BTC info and then the process of setting up accounts before buying. So, my money is on early next year.
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September 12, 2014, 11:03:23 AM
 #12

This one will be final announcement from eBay and PayPal.

Think that this will maybe trigger next jump or some other country collapsing.



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September 12, 2014, 11:07:36 AM
 #13

In 2016 briefly after the next halving the next huge pump will commence.


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September 12, 2014, 11:58:07 AM
 #14

End 2014 ore somewhere in 2015. 2016 will be a new pump at the next-halving.
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September 12, 2014, 01:15:50 PM
 #15

2015!! We consolidated the price and grew healthier in 2014 so we will be ready for a rally in 2015
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September 12, 2014, 01:33:04 PM
 #16

I'm not sure that we will see another jump anytime soon. I think Bitcoin had more financial value as an "underground" or "secretive" trade currency, it was also somewhat difficult to get, adding a certain rarity to it. Those who had it or mined it were looked at as being on the inside track of something. While bitcoin is still considerably valuable, it seems the more accessible, acceptable, and public it becomes it loses more value over time. If it is going to be truly viewed as a commodity or an asset other than currency, I think that only rarity will give it more value or a use case that cash/fiat cannot provide to give it a 10x or higher value over the dollar. We don't diamond chips to pay for a loaf of bread, but high grade diamonds are used for high value luxury, high value trade, or illicit trade.  I think bitcoin could be used for high value trade and illicit trade to give it increased value, but it's use case to buy low value goods I think may detract from using it for high value trade for now.
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September 12, 2014, 01:43:37 PM
 #17

February 2015.

Bitcoin = Gold on steroids
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September 12, 2014, 02:02:42 PM
 #18

Hell, no one really knows. It seems we're in a steady downtrend for now. I'm still of the opinion that another breakout won't happen in the short-term (i.e. 2-3 months). Both daily and weekly volatility measures still have bitcoin decreasing in price during "larger" movement days, and until this changes, I don't see another breakout.

But despite what I just said, how about December 13, 2014? It's 12-13-14. Yay, consecutive numbers! And it's one day out of my short-term predictions...So there.
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September 12, 2014, 02:06:04 PM
 #19

Funny that LTC seems to be pushing upwards and BTC isn't yet Smiley

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September 12, 2014, 02:07:03 PM
 #20

Funny that LTC seems to be pushing upwards and BTC isn't yet Smiley

how many million dollars are holding up LTC?

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