Do you think Bitcoin will start a new rally?

[wobber]

We had a minor price increase and everyone believes this is it. What do you say?

[desticy]

It's merely an illusion, do not be too persistent

[Brewins]

Some day maybe, but not next month.

So my vote

[spiderbrain]

It looks to me like the downtrend might be over because we crossed 353, but I won't be sure until we cross 418. Once we cross that that's the end of "lower highs and lower lows". After that I think we'll have a few months of rattling between 400 and 600 before we pop out any higher. Just guessing, doesn't really effect me on my strategy which is longer term.

[fewcoins]

350 is the make it or break it level, lets see!

[chaosknight]

i think we will see a big rally before this year ends

[jaberwock]

no rally until the end of year.

Sorry if it is disappointing

[podyx]

I think we'll see it early Q1 2015

[TinaK]

This year is not last year. I can't believe it although I wish.

[RyNinDaCleM]

It looks to me like the downtrend might be over because we crossed 353, but I won't be sure until we cross 418. Once we cross that that's the end of "lower highs and lower lows". After that I think we'll have a few months of rattling between 400 and 600 before we pop out any higher. Just guessing, doesn't really effect me on my strategy which is longer term.

What about the April-May rally? it had a higher low then a higher high. But then we continued down after that.

And where do you guys get these arbitrary prices as confirmation of the next great rally or the failure of Bitcoin? This is a serious question. $353 and $418 doesn't really mark anything except extended counter trend rally with the possibility of a sustained rally long term, but no confirmation.

And fewcoins, why is $350 make it or break it? We've been back and forth through $350 four times now. Bitcoin seems unaffected so far. I'm just curious where these numbers come from. 

[Dafar]

no rally until the end of year.

Sorry if it is disappointing

End of year is hella bullish... Im expecting mid-end next year

[Kontridder]

We had a minor price increase and everyone believes this is it. What do you say?

I say shut the fuck up.

Here's a tissue...keep crying, you fucking whiny skirt.

Every post, it's the same shit. JUST SHUT THE FUCK UP ALREADY.

"OMG...I AM NOT A MILLIONAIRE YET. OMG I LOST MONEY. OMG BITCOIN IS DEAD. OMG OMG OMG OMG OMG OMG."

Did mother nature give you ANY testosterone? Seriously?

BE A MAN AND GROW SOME FUCKING BALLS FOR FUCKS SAKE.

Sell drugs , buy bitcoin
Jail time would be fun watching charts.
Win-win situation.

[coinableS]

November will be a bull month, I'm pretty sure about that and possibly December too. I don't think there will be a crazy rally like last year though

[Kontridder]

We had a minor price increase and everyone believes this is it. What do you say?

I say shut the fuck up.

Here's a tissue...keep crying, you fucking whiny skirt.

Every post, it's the same shit. JUST SHUT THE FUCK UP ALREADY.

"OMG...I AM NOT A MILLIONAIRE YET. OMG I LOST MONEY. OMG BITCOIN IS DEAD. OMG OMG OMG OMG OMG OMG."

Did mother nature give you ANY testosterone? Seriously?

BE A MAN AND GROW SOME FUCKING BALLS FOR FUCKS SAKE.

Sell drugs , buy bitcoin
Jail time would be fun watching charts.
Win-win situation.

Sell drugs? Buy bitcoin?

What the fuck does that have to do with ANYTHING?

just some advice butboy

[spiderbrain]

It looks to me like the downtrend might be over because we crossed 353, but I won't be sure until we cross 418. Once we cross that that's the end of "lower highs and lower lows". After that I think we'll have a few months of rattling between 400 and 600 before we pop out any higher. Just guessing, doesn't really effect me on my strategy which is longer term.

What about the April-May rally? it had a higher low then a higher high. But then we continued down after that.

And where do you guys get these arbitrary prices as confirmation of the next great rally or the failure of Bitcoin? This is a serious question. $353 and $418 doesn't really mark anything except extended counter trend rally with the possibility of a sustained rally long term, but no confirmation.

I can't argue with your first point, I only said I was guessing, but we were asked to share thoughts, not prove we are right. The arbitrary points are simply the previous peaks because reactionary people will probably see them as meaningful, and the price is mostly reflective of psychology after all.

[mmortal03]

What about the April-May rally? it had a higher low then a higher high. But then we continued down after that.

And where do you guys get these arbitrary prices as confirmation of the next great rally or the failure of Bitcoin? This is a serious question. $353 and $418 doesn't really mark anything except extended counter trend rally with the possibility of a sustained rally long term, but no confirmation.

And fewcoins, why is $350 make it or break it? We've been back and forth through $350 four times now. Bitcoin seems unaffected so far. I'm just curious where these numbers come from. 

One reason it can be difficult to provide exact targets is because trend lines aren't flat. Today, breaking above the bear market trend line might require ~$460, but by the end of November, it might only require ~$440. So, there are past values that may remain constant for psychological reasons, and linear (and nonlinear) projections that don't. And then there are numbers that people just pull out of the air.

[bitcats]

  

[NeuroticFish]

I ... just don't know.

I don't have the money, the balls and the crystal ball to help me get rich, so I guess I'll die trying. But... good luck to all of us!


BTC and actually all the altcoin's price are driven by something else, not only their innovation and the cost to mine them. They are not backed by something like gold. People will buy for different reasons (support, hope to get rich, ways to make business, ways to hide wealth, ...) and it's not clear what makes them at one point make the money flow in or out BTC. I would say that Silk road 2's problems would make the money flow out from BTC and go into anonymous cryptos. But hmm.. I may be very wrong.

[rohnearner]

If someone is hoping that it will go sky high as last year in November , even though I'm not an expert but the chances of that happening is 0.0000001% but I'm glad we are moving up a lil 400$ by the end of the year is not too bad either.

[blatchcorn]

I ... just don't know.

I don't have the money, the balls and the crystal ball to help me get rich, so I guess I'll die trying. But... good luck to all of us!


BTC and actually all the altcoin's price are driven by something else, not only their innovation and the cost to mine them. They are not backed by something like gold. People will buy for different reasons (support, hope to get rich, ways to make business, ways to hide wealth, ...) and it's not clear what makes them at one point make the money flow in or out BTC. I would say that Silk road 2's problems would make the money flow out from BTC and go into anonymous cryptos. But hmm.. I may be very wrong.

Exactly.  The factors that influence bitcoin's price are very uncertain atm