$13,000 bitcoins by the end of 2016? $120,000 by 2018? (golden ratio fractals) - page 8.

dothebeats

legendary

Activity: 3542

Merit: 1352

Quote from: spazzdla on October 21, 2015, 02:58:00 PM

Quote from: dothebeats on October 21, 2015, 02:55:13 PM

Quote from: spazzdla on October 21, 2015, 02:46:28 PM

Quote from: dothebeats on October 21, 2015, 02:39:53 PM

Feels like 2012 again, actually, with this flat prices and quiet move upwards. I really believe that those dudes who sold at ATH are now accumulating for the next run. The whole year is, I think, the greatest time to buy more seeing that it just stayed below 300 most of the time. I see the graphs and read the explanation, and I love it. Realistically speaking, there is a slim chance of this to happen, but hey! Everything is possible.

IMO by 2030 there is a slim chance this won't happen.

Question is.. are your balls made of steel or balasa wood?

Winter is coming John snow.

Mine are made of steel, that I'm sure of.

If in case it does happen within the next 5 years, I don't see a reason why would I sell anything right now. I'm a believer yes, but not delusional as others may seem to be. Realistically, we wouldn't be able to reach that $13000 in just a year. We can though, if hyperinflation comes to play.

All it will take is for people to have faith in BTC as a store of value and move some from gold to BTC and boom.

Nah, places to use bitcoins too is needed for this rocket to take off. If bitcoin is only for storage of value, then it would only be suitable for risk takers and not average people. Wink

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: dothebeats on October 21, 2015, 02:55:13 PM

Quote from: spazzdla on October 21, 2015, 02:46:28 PM

Quote from: dothebeats on October 21, 2015, 02:39:53 PM

Feels like 2012 again, actually, with this flat prices and quiet move upwards. I really believe that those dudes who sold at ATH are now accumulating for the next run. The whole year is, I think, the greatest time to buy more seeing that it just stayed below 300 most of the time. I see the graphs and read the explanation, and I love it. Realistically speaking, there is a slim chance of this to happen, but hey! Everything is possible.

IMO by 2030 there is a slim chance this won't happen.

Question is.. are your balls made of steel or balasa wood?

Winter is coming John snow.

Mine are made of steel, that I'm sure of.

If in case it does happen within the next 5 years, I don't see a reason why would I sell anything right now. I'm a believer yes, but not delusional as others may seem to be. Realistically, we wouldn't be able to reach that $13000 in just a year. We can though, if hyperinflation comes to play.

All it will take is for people to have faith in BTC as a store of value and move some from gold to BTC and boom.

dothebeats

legendary

Activity: 3542

Merit: 1352

Quote from: spazzdla on October 21, 2015, 02:46:28 PM

Quote from: dothebeats on October 21, 2015, 02:39:53 PM

Feels like 2012 again, actually, with this flat prices and quiet move upwards. I really believe that those dudes who sold at ATH are now accumulating for the next run. The whole year is, I think, the greatest time to buy more seeing that it just stayed below 300 most of the time. I see the graphs and read the explanation, and I love it. Realistically speaking, there is a slim chance of this to happen, but hey! Everything is possible.

IMO by 2030 there is a slim chance this won't happen.

Question is.. are your balls made of steel or balasa wood?

Winter is coming John snow.

Mine are made of steel, that I'm sure of.

If in case it does happen within the next 5 years, I don't see a reason why would I sell anything right now. I'm a believer yes, but not delusional as others may seem to be. Realistically, we wouldn't be able to reach that $13000 in just a year. We can though, if hyperinflation comes to play.

leex1528

hero member

Activity: 784

Merit: 1000

It is not going to happen. I really wish it would. But just no. I am hoping for more realistically of $500 dollars per coin at the end of 2016. Maybe $800 dollars per coin at the end of 2018. You never know really but that seems more realistic than the projected 120,000 per coin.

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: dothebeats on October 21, 2015, 02:39:53 PM

Feels like 2012 again, actually, with this flat prices and quiet move upwards. I really believe that those dudes who sold at ATH are now accumulating for the next run. The whole year is, I think, the greatest time to buy more seeing that it just stayed below 300 most of the time. I see the graphs and read the explanation, and I love it. Realistically speaking, there is a slim chance of this to happen, but hey! Everything is possible.

IMO by 2030 there is a slim chance this won't happen.

Question is.. are your balls made of steel or balasa wood?

Winter is coming John snow.

dothebeats

legendary

Activity: 3542

Merit: 1352

Feels like 2012 again, actually, with this flat prices and quiet move upwards. I really believe that those dudes who sold at ATH are now accumulating for the next run. The whole year is, I think, the greatest time to buy more seeing that it just stayed below 300 most of the time. I see the graphs and read the explanation, and I love it. Realistically speaking, there is a slim chance of this to happen, but hey! Everything is possible.

yolalanda

newbie

Activity: 56

Merit: 0

Quote from: Biodom on October 21, 2015, 02:10:52 PM

... and having 10% of BTC might come handy later on.

We know how dumb governments are...

rjclarke2000

legendary

Activity: 1358

Merit: 1016

I'm in this thing for it to go big or crash and burn. There is no middle ground for me to sell.

I have nerves of steel.

Or.......I am just very stupid.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: infofront on October 21, 2015, 02:03:14 PM

Quote from: americanpegasus on October 21, 2015, 11:21:48 AM

Quote from: bitgolden on October 21, 2015, 10:01:43 AM

Quote from: talks_cheep on October 21, 2015, 06:46:16 AM

Overly optimistic in my view. We cant' even stay at 270 right now. The past is no indication in bitcoin. Remember that the past 24 month long bear period has broken new grounds. Too many people bought in at $1000+. If and when we reach $1000, they will dump their bitcoins, we will go right back down to 200.

No. When the price reach $1000, most of the people would think that their long awaited target reached and start to sell that may pull back some 10% to 20%. Usually we say that profit booking. A profit booking never drag back to the origin. But the new money in flow will make it to pass $1000 again.

I can't imagine how awful it's going to be for the responsible ones who sell a significant portion or all of their coins at $1000 or even $2000. Who knows where the top of the next movement is?

I was a bitcoin GPU miner back in 2011. I watched as the price hit an all time high of ~$31 that summer, then collapsed. I sold everything when bitcoin was in the low 30s in early 2013, thinking it couldn't possibly get much higher than the previous ATH. Within a matter of months, of course, the price was ~$1,200.

I'm not making the same mistake again.

up to $40-50K, then?
I admit that it is developing slower than I initially thought.
The true breakout will happen if we get a wind of some major government actively sourcing miners or purchasing btc.
Could be China, Russia or US-I wouldn't be entirely surprised by any of these three.
In fact, I am surprised that a few consultants did not rec this already. After all, expenses would still be meager at this point ($400 mil for 10% of btc) and having 10% of BTC might come handy later on.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote from: americanpegasus on October 21, 2015, 11:21:48 AM

Quote from: bitgolden on October 21, 2015, 10:01:43 AM

Quote from: talks_cheep on October 21, 2015, 06:46:16 AM

Overly optimistic in my view. We cant' even stay at 270 right now. The past is no indication in bitcoin. Remember that the past 24 month long bear period has broken new grounds. Too many people bought in at $1000+. If and when we reach $1000, they will dump their bitcoins, we will go right back down to 200.

No. When the price reach $1000, most of the people would think that their long awaited target reached and start to sell that may pull back some 10% to 20%. Usually we say that profit booking. A profit booking never drag back to the origin. But the new money in flow will make it to pass $1000 again.

I can't imagine how awful it's going to be for the responsible ones who sell a significant portion or all of their coins at $1000 or even $2000. Who knows where the top of the next movement is?

I was a bitcoin GPU miner back in 2011. I watched as the price hit an all time high of ~$31 that summer, then collapsed. I sold everything when bitcoin was in the low 30s in early 2013, thinking it couldn't possibly get much higher than the previous ATH. Within a matter of months, of course, the price was ~$1,200.

I'm not making the same mistake again.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

In most cases the Golden Ratio is yours for absolutely nothing. In this case it would a tad costly. Retaining the ability to feed and house yourself is probably more important to most people.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: spazzdla on October 21, 2015, 09:33:32 AM

I doubt it but hey, I am sure it's possible lol.

there is too much dreaming going on here, everytime i see those thread i'm starting to think if op forget that we are at the same range of value since ages(this time it was longer than 2012, and it is not ended yet) literally

the fact that it is possible does not mean that it will happen, realistically speaking, a return to 1k would be a great result already, although i'm still hoping for 10k

megadeth

sr. member

Activity: 289

Merit: 252

bagholder since 2013

Quote from: americanpegasus on October 21, 2015, 11:21:48 AM

Quote from: bitgolden on October 21, 2015, 10:01:43 AM

Quote from: talks_cheep on October 21, 2015, 06:46:16 AM

Overly optimistic in my view. We cant' even stay at 270 right now. The past is no indication in bitcoin. Remember that the past 24 month long bear period has broken new grounds. Too many people bought in at $1000+. If and when we reach $1000, they will dump their bitcoins, we will go right back down to 200.

No. When the price reach $1000, most of the people would think that their long awaited target reached and start to sell that may pull back some 10% to 20%. Usually we say that profit booking. A profit booking never drag back to the origin. But the new money in flow will make it to pass $1000 again.

I can't imagine how awful it's going to be for the responsible ones who sell a significant portion or all of their coins at $1000 or even $2000. Who knows where the top of the next movement is?

A strategy like https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065 will prevent losing out by cashing out early.

Requires having good discipline, staying updated on the usual bitcoin channels and a plan like above.

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: bitgolden on October 21, 2015, 10:01:43 AM

Quote from: talks_cheep on October 21, 2015, 06:46:16 AM

Overly optimistic in my view. We cant' even stay at 270 right now. The past is no indication in bitcoin. Remember that the past 24 month long bear period has broken new grounds. Too many people bought in at $1000+. If and when we reach $1000, they will dump their bitcoins, we will go right back down to 200.

No. When the price reach $1000, most of the people would think that their long awaited target reached and start to sell that may pull back some 10% to 20%. Usually we say that profit booking. A profit booking never drag back to the origin. But the new money in flow will make it to pass $1000 again.

I can't imagine how awful it's going to be for the responsible ones who sell a significant portion or all of their coins at $1000 or even $2000. Who knows where the top of the next movement is?

OROBTC

legendary

Activity: 2968

Merit: 1895

...

I just wrote on my doubts on predicting the future on another thread just moments ago, LOL.

The math and even the price history behind Bitcoin both hint at major price moves ahead. When? Ahh, if anyone knew, they would have the keys to the Money Printing Machine.

Technical Analysis (and I would include fractals, phi, Elliot Waves, etc.) has a long and controversial history. I know two investment guys who swear by it. But, I have not seen convincing evidence that it works. Yet many knowledgeable analysts love it and use it. Also, the machines and HFT-ers use it in.

The Rewards:Risk ratios seem to in favor of holding Bitcoin. As long as one does not risk "too much", and is patient, I see BTC as an excellent longer-term speculation. But, it should be seen as that: speculation.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: solid12345 on October 21, 2015, 10:02:36 AM

What people never factor in is think about how many Bitcoin whales sold in the $800-$1,100 range in 2013. Now two years later Bitcoin has dropped 80% in price, along the way they captured all the cheap coins from the despaired users panicking over the price drops.

I wonder how many could've sold at that price level. Probably not too many without turning the price to dust. There might be a fair few who simply sold and ran away. Life is a whole load more boring now than it was back then.

solid12345

legendary

Activity: 1246

Merit: 1000

Quote from: Dilla on October 21, 2015, 09:28:13 AM

That group is a small percentage. Definitely not enough to reverse the next bubble storm. People are expecting a new ATH, not many will hold this long to break even. The ones that would, probably already sold. The next run up is going to surprise everyone.

What people never factor in is think about how many Bitcoin whales sold in the $800-$1,100 range in 2013. Now two years later Bitcoin has dropped 80% in price, along the way they captured all the cheap coins from the despaired users panicking over the price drops. They are now swimming in cash and bought back potentially 3-5x more coins than they had before and if this were injected right back into the economy, not only would it cause a bull rally but all the people who DID sell will come back again to buy back hoping to not make the same mistake twice.

bitgolden

legendary

Activity: 3024

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: talks_cheep on October 21, 2015, 06:46:16 AM

Overly optimistic in my view. We cant' even stay at 270 right now. The past is no indication in bitcoin. Remember that the past 24 month long bear period has broken new grounds. Too many people bought in at $1000+. If and when we reach $1000, they will dump their bitcoins, we will go right back down to 200.

No. When the price reach $1000, most of the people would think that their long awaited target reached and start to sell that may pull back some 10% to 20%. Usually we say that profit booking. A profit booking never drag back to the origin. But the new money in flow will make it to pass $1000 again.

spazzdla

legendary

Activity: 1722

Merit: 1000

I doubt it but hey, I am sure it's possible lol.

Dilla

hero member

Activity: 588

Merit: 500

Quote from: talks_cheep on October 21, 2015, 06:46:16 AM

Overly optimistic in my view. We cant' even stay at 270 right now. The past is no indication in bitcoin. Remember that the past 24 month long bear period has broken new grounds. Too many people bought in at $1000+. If and when we reach $1000, they will dump their bitcoins, we will go right back down to 200.

That group is a small percentage. Definitely not enough to reverse the next bubble storm. People are expecting a new ATH, not many will hold this long to break even. The ones that would, probably already sold. The next run up is going to surprise everyone.

Topic: $13,000 bitcoins by the end of 2016? $120,000 by 2018? (golden ratio fractals) - page 8. (Read 13849 times)