Bitcoin long term linear trend

[bitebits]

the long downtrend comes from mining being centralised and thus dumping harder and thus becoming more centralised.

Miners holding the coin they mine is a thing of the past. Bitcoin is a cashcow for everybody to milk. People buying bitcoin miss the point.

The exact opposite happens when we are in a bull market, human nature.

[Elwar]

The linear price should be around $350. Buy now while we are below the trend line.

It is not like you can just wait for it to come back down if it jumps up. If you bought at the trend line at $125 in October of 2013 you would have had to wait a year for it to return to normal with the price over $300.

It may hover below the trend line for a while too, but it will go back up. It's not like development of new Bitcoin companies and solutions is going to stop.

[Elwar]

Updated the chart.

Looks like we were close to the linear price (between halvings) until the BitStamp crash.

I am confident it will return eventually.

[azguard]

Updated the chart.

Looks like we were close to the linear price (between halvings) until the BitStamp crash.

I am confident it will return eventually.

I sure hope but not his year, maybe return to 350$ but that is max till next year I personally think that this wont be happening.

[Elwar]

Updated the chart.

Looks like we're returning to the linear price. I look forward to the angle moving after the next halving.

[kehtolo]

Nice work Elwar, i just read this whole thread... interesting points.. and it's looking more and more like you're hunch is right...

IF we close out the year around $525 - i will have to send you a beer (in bitcoin of course!)

[afbitcoins]

There is no long term linear trend.

[Elwar]

As the chart from 2014 shows the price at halving should be around $660.



Next halving the price should be $1630.

[600watt]

As the chart from 2014 shows the price at halving should be around $660.

[img]https://i.imgur.com/6tL3k5m.jimg]

Next halving the price should be $1630.

elwar, since when did you turn to posting pessimistic fud 

ok, as a worst case scenario i let you have your point...

 

[Elwar]

As the chart from 2014 shows the price at halving should be around $660.

[img]https://i.imgur.com/6tL3k5m.jimg]

Next halving the price should be $1630.

elwar, since when did you turn to posting pessimistic fud 

ok, as a worst case scenario i let you have your point...

 

I certainly want it to rise faster, but keeping this chart in mind has helped me to hoard as many coins as possible at low prices.

[craked5]

As the chart from 2014 shows the price at halving should be around $660.

[img]https://i.imgur.com/6tL3k5m.jimg]

Next halving the price should be $1630.

elwar, since when did you turn to posting pessimistic fud 

ok, as a worst case scenario i let you have your point...

 

You find 1630 to be pessimistic? Oo

Well, I'd me more than happy with such a price!
Let's firstly hope that post halving won't be a panic dump :/

[600watt]

As the chart from 2014 shows the price at halving should be around $660.

[img]https://i.imgur.com/6tL3k5m.jimg]

Next halving the price should be $1630.

elwar, since when did you turn to posting pessimistic fud 

ok, as a worst case scenario i let you have your point...

 

You find 1630 to be pessimistic? Oo

Well, I'd me more than happy with such a price!
Let's firstly hope that post halving won't be a panic dump :/

i was joking. $1600 in 2020 would still beat every other asset class on the planet.

[craked5]

As the chart from 2014 shows the price at halving should be around $660.

[img]https://i.imgur.com/6tL3k5m.jimg]

Next halving the price should be $1630.

elwar, since when did you turn to posting pessimistic fud 

ok, as a worst case scenario i let you have your point...

 

You find 1630 to be pessimistic? Oo

Well, I'd me more than happy with such a price!
Let's firstly hope that post halving won't be a panic dump :/

i was joking. $1600 in 2020 would still beat every other asset class on the planet.

Ah ok thanks for the explanation!
Cause I didn't see how such a rise would be a bad thing! ^^

[600watt]

Ah ok thanks for the explanation!
Cause I didn't see how such a rise would be a bad thing! ^^

if you see lots of       
in a post, it usually means it is not to be taken too serioulsy.

[Qatuca]

i was joking. $1600 in 2020 would still beat every other asset class on the planet.

$1600 could be reached in 2017 or 2018. That is easy if the user of the bitcoin increase by 50% or more.

[Dabs]

i was joking. $1600 in 2020 would still beat every other asset class on the planet.

$1600 could be reached in 2017 or 2018. That is easy if the user of the bitcoin increase by 50% or more.

Patience my friend. Patience. You must have patience. Patience is a virtue.

[Denker]

i was joking. $1600 in 2020 would still beat every other asset class on the planet.

$1600 could be reached in 2017 or 2018. That is easy if the user of the bitcoin increase by 50% or more.

It's always the IF what messes up good predictions right?!
Furthermore it's not only the number of users which would help to increase the price.
Think about institutional money which could have an interest in Bitcoin as well for speculative or investment reasons.
From halving 2012 (price 12,16) to this year's halving (price 635) Bitcoin has grown an amazing 5122%!!!!
I mean if that isn't an argument to have a closer look at it then what right?!

[trickshot22]

As the chart from 2014 shows the price at halving should be around $660.

[img]https://i.imgur.com/6tL3k5m.jimg]

Next halving the price should be $1630.

elwar, since when did you turn to posting pessimistic fud 

ok, as a worst case scenario i let you have your point...

 

You find 1630 to be pessimistic? Oo

Well, I'd me more than happy with such a price!
Let's firstly hope that post halving won't be a panic dump :/

i was joking. $1600 in 2020 would still beat every other asset class on the planet.

i think the prices are going to be even higher at that time, i would predict something like 10000 dollars per bitcoin because the price is going to be booming of all the demand

[dumada]

As the chart from 2014 shows the price at halving should be around $660.

[img]https://i.imgur.com/6tL3k5m.jimg]

Next halving the price should be $1630.

elwar, since when did you turn to posting pessimistic fud 

ok, as a worst case scenario i let you have your point...

 

You find 1630 to be pessimistic? Oo

Well, I'd me more than happy with such a price!
Let's firstly hope that post halving won't be a panic dump :/

i was joking. $1600 in 2020 would still beat every other asset class on the planet.

i think the prices are going to be even higher at that time, i would predict something like 10000 dollars per bitcoin because the price is going to be booming of all the demand

I believe the bitcoin price will be $5000 to $10,000 in 2020. The $1600 price could be reached next year.

[Haruderty]

As the chart from 2014 shows the price at halving should be around $660.

[img]https://i.imgur.com/6tL3k5m.jimg]

Next halving the price should be $1630.

elwar, since when did you turn to posting pessimistic fud 

ok, as a worst case scenario i let you have your point...

 

You find 1630 to be pessimistic? Oo

Well, I'd me more than happy with such a price!
Let's firstly hope that post halving won't be a panic dump :/

i was joking. $1600 in 2020 would still beat every other asset class on the planet.

i think the prices are going to be even higher at that time, i would predict something like 10000 dollars per bitcoin because the price is going to be booming of all the demand

I believe the bitcoin price will be $5000 to $10,000 in 2020. The $1600 price could be reached next year.

I think so. If the bitcoin block size in creased to 2MB within a year, the price will be at least $2000 next year.