bottom around 200$ in summer 2015?

[brand]

the question is what would it make to have prices so high?

 

[Tstar]

too many thread in Speculation section nowdays
everyone predicting future of bitcoin

[frienemy]

So when you suggest we buy BTC?

If the graph turns out to come true, best entry point would be next year at 200, but I would not rely on that. I hope this graph doesn't come true because with all the adoption going on, I can't imagine bitcoin would go lower than the multi year support line. As I said, I'm not a TA expert. I just bought another coin @300, just in case

When next year? Which month?

Next year, 14th September in the afternoon at half past 4. But not one minute later! Price is definitively going to be 203,56 USD

Come on guys, you are funny. I'm telling you that I'm not an expert and you want me to give exact dates of a hypothetical bottom one year ahead that I myself don't hope to come true? This is just a possibility. If we break through the upper line ONCE till mid-2015, this graph is invalidated. I very much believe it will happen. Until then this graph may be discussed.

[An amorous cow-herder]

To be honest, I'm annoyed by this prolonged bear market and I would like it to stop right now. I drew some lines here, however, which would indicate the bottom around 200$, maybe even a bit lower in summer/autumn 2015 (and after that hopefully breaking upwards to da moon)

Pretty similiar to what i was thinking. However i also expected it to hang around $500 by end of the year, so the bottom might actually be lower. And there are still a lot of requirements missing (ease of use, low fee accessability, incentives from merchants), but mid year next year seems possible. From there on an exponential growth seems reasonable. Might well be like 30%/year. So the ATH could easily be broken in less than a decade.

[porcupine87]

In my opinion that chart is true. Prices are not a result of supply and demand, but a result of the price history.

[fewcoins]

In my opinion that chart is true. Prices are not a result of supply and demand, but a result of the price history.

This is how we can tell you have never made money in any market.

[pitham1]

In my opinion that chart is true. Prices are not a result of supply and demand, but a result of the price history.

If markets are efficient, all available information (including price history) are already priced in.

[NiceSoft12]

Bottom could be as low as $100 or even lower.......

[frienemy]

Bottom could be as low as $100 or even lower.......

Does not match the chart at all. Discuss the chart or leave your comments in an appropriate thread.

[porcupine87]

In my opinion that chart is true. Prices are not a result of supply and demand, but a result of the price history.

This is how we can tell you have never made money in any market.

I am just saying... Sure, TA could help. But only because other traders use it, too. I am just saying if the US ban Bitcoin, the price would drop. If Amazon accept Bitcoin tomorrow, the price will skyrocket. No matter what TA says...

[blatchcorn]

MRW reading falllling's comments in this thread:

[CryptoCarmen]

So when you suggest we buy BTC?

If the graph turns out to come true, best entry point would be next year at 200, but I would not rely on that. I hope this graph doesn't come true because with all the adoption going on, I can't imagine bitcoin would go lower than the multi year support line. As I said, I'm not a TA expert. I just bought another coin @300, just in case

When next year? Which month?

Next year, 14th September in the afternoon at half past 4. But not one minute later! Price is definitively going to be 203,56 USD

Come on guys, you are funny. I'm telling you that I'm not an expert and you want me to give exact dates of a hypothetical bottom one year ahead that I myself don't hope to come true? This is just a possibility. If we break through the upper line ONCE till mid-2015, this graph is invalidated. I very much believe it will happen. Until then this graph may be discussed.

That is long time til then. what should i do with my money in mean time?

[frienemy]

So when you suggest we buy BTC?

If the graph turns out to come true, best entry point would be next year at 200, but I would not rely on that. I hope this graph doesn't come true because with all the adoption going on, I can't imagine bitcoin would go lower than the multi year support line. As I said, I'm not a TA expert. I just bought another coin @300, just in case

When next year? Which month?

Next year, 14th September in the afternoon at half past 4. But not one minute later! Price is definitively going to be 203,56 USD

Come on guys, you are funny. I'm telling you that I'm not an expert and you want me to give exact dates of a hypothetical bottom one year ahead that I myself don't hope to come true? This is just a possibility. If we break through the upper line ONCE till mid-2015, this graph is invalidated. I very much believe it will happen. Until then this graph may be discussed.

That is long time til then. what should i do with my money in mean time?

An insider tip just for you: in the meantime you should glue all you dollar bills together, let them dry, put them in the fridge (cold storage). Next year, take them out, add water and put it into the microwave oven for about 1 hour at maximum power. Take a sleep next to the microwave oven for the timespan.

[fewcoins]

So when you suggest we buy BTC?

If the graph turns out to come true, best entry point would be next year at 200, but I would not rely on that. I hope this graph doesn't come true because with all the adoption going on, I can't imagine bitcoin would go lower than the multi year support line. As I said, I'm not a TA expert. I just bought another coin @300, just in case

When next year? Which month?

Next year, 14th September in the afternoon at half past 4. But not one minute later! Price is definitively going to be 203,56 USD

Come on guys, you are funny. I'm telling you that I'm not an expert and you want me to give exact dates of a hypothetical bottom one year ahead that I myself don't hope to come true? This is just a possibility. If we break through the upper line ONCE till mid-2015, this graph is invalidated. I very much believe it will happen. Until then this graph may be discussed.

That is long time til then. what should i do with my money in mean time?

Well if you have lots of money or coins, do what the smart money is doing & short the market down to 300 then bounce it back up until 350 until you lower the bounce, 340,330,320 then retest the 275 lows... This is obviously whats happening when you look at the long term chart

[frienemy]

We'd need prices above 460 right now to break out of this. Or sideways movement for a month or two. C'mon Bitcoin, you can do it!!

[wobber]

414. Falllling was right!

[frienemy]

414. Falllling was right!

Oh noes, looking at the 1h-chart at Bitcoinity, Bitcoin is down 1 percent, we're still falling

[Beliathon]

Bottom of 2014 was 275,  October 6th.