Topic: A little perspective: $198 to $1139 then and $198 to $1139 now (Read 1494 times)
i gave all my trust on this .... even to the future this will be awesome i will invest more that banking
Based on those charts OP posted, am I right in thinking september -- october are the best months to buy btc?
Does anyone have a month chart of bitcoin's rise from $12-$15 to $50 or whatever it went to around 2011-2012?
Does anyone have a month chart of bitcoin's rise from $12-$15 to $50 or whatever it went to around 2011-2012?
The current price is not a bubble for bitcoin.
Then what is it if it can just deprecate for over $100 just within the space if a few hours. It really got me scared from yesterday until today.
It may be more stable than it was before but I don't accept that this is natural, sustainable growth. Nothing just grows by basically half its value in a few weeks - it seems like all this is just based on huge amounts of hype that Bitcoin has built up recently (partially because of the ETF). Before it continues to grow healthily as it did from 2014 to a couple of months ago, we'll inevitably see another crash. Even if the ETF is approved, it'll just cause a slightly higher bubble, which will burst before the ETF actually starts bringing healthy growth to Bitcoin.
Even if you are correct we are not going to see 200 dollars per bitcoin, if I remember right bitcoin was around 600 when all of this began so assuming there is an overreaction then bitcoin may touch the 500 at worst but then the price is going to go up once again as we all know.It may be more stable than it was before but I don't accept that this is natural, sustainable growth. Nothing just grows by basically half its value in a few weeks - it seems like all this is just based on huge amounts of hype that Bitcoin has built up recently (partially because of the ETF). Before it continues to grow healthily as it did from 2014 to a couple of months ago, we'll inevitably see another crash. Even if the ETF is approved, it'll just cause a slightly higher bubble, which will burst before the ETF actually starts bringing healthy growth to Bitcoin.
Even if you are correct we are not going to see 200 dollars per bitcoin, if I remember right bitcoin was around 600 when all of this began so assuming there is an overreaction then bitcoin may touch the 500 at worst but then the price is going to go up once again as we all know. I used to be nervous with such quick price surges, but it seems that at the moment, there is nothing much I can do but enjoy the ride, and I am getting used to it. This amazing run might end at some point this second quarter, but we are sure to see more movements (up, down, and even sideways) along the way. All these talk and anticipation of the SEC approval on the ETF has people wanting more of bitcoin even at such a high price, with the confidence at bitcoin at an all time high.
i think we are not going to repeat the previous experience when the price of bitcoin fell down from 1200+ to such a low price i think now people have become too much mature and they do not sell their bitcoin in panic like situation. I used to be nervous with such quick price surges, but it seems that at the moment, there is nothing much I can do but enjoy the ride, and I am getting used to it. This amazing run might end at some point this second quarter, but we are sure to see more movements (up, down, and even sideways) along the way. All these talk and anticipation of the SEC approval on the ETF has people wanting more of bitcoin even at such a high price, with the confidence at bitcoin at an all time high.
Even with Bitcoin's volatility, I always have a little flutter in my stomach when the price rises up to these levels. But I have learnt to bite my teeth and resist the temptation to sell, primarily because most of my coins are in cold storage.
I used to be nervous with such quick price surges, but it seems that at the moment, there is nothing much I can do but enjoy the ride, and I am getting used to it. This amazing run might end at some point this second quarter, but we are sure to see more movements (up, down, and even sideways) along the way. All these talk and anticipation of the SEC approval on the ETF has people wanting more of bitcoin even at such a high price, with the confidence at bitcoin at an all time high.
The current price is not a bubble for bitcoin.
That's what OP is saying and I agree with that too. It was too early for $1,200 in 2013, but not now. The world is ready for this price and above. Most people are only buying their first BTC nowadays, so there's no reason for them to sell.
In 2013 the early adopters were selling above $1,000 to make big money, and they were right in a way, and that's why the price was dropping dramatically but now the situation is different.
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
Do whatever it takes as long as it makes you feel safe and happy for buying at the recent highs my amigo.
But if the price comes crashing down back to $198 from $1139 you would surely be in for a new perspective. Im not saying it will crash to those lows. The point is the other perspective it will bring if it does.
Bitcoin just a little bubble right now, i was assuming if the price of bitcoin will never below $1000 again. But i was comparing the second chart and the current chart and it seems like bitcoin is more stronger right now.
More support on bitcoin with the PBOC audit to prevent the chinese manipulation.
Maybe but it is not like the massive bubble that happened back then, even if there is a correction I don't expect bitcoin to get any lower than 850 dollars and that is price that is not going to last much as people take the opportunity to get as much bitcoin as they can at those prices. More support on bitcoin with the PBOC audit to prevent the chinese manipulation.
You know the strength of coins by their fundamentals. Bitcoin is enjoying an increasing ecosystem and will hence continually to hit 'bubbles' while it will take some manipulations for most altcoins to experience same.
It may be more stable than it was before but I don't accept that this is natural, sustainable growth. Nothing just grows by basically half its value in a few weeks - it seems like all this is just based on huge amounts of hype that Bitcoin has built up recently (partially because of the ETF). Before it continues to grow healthily as it did from 2014 to a couple of months ago, we'll inevitably see another crash. Even if the ETF is approved, it'll just cause a slightly higher bubble, which will burst before the ETF actually starts bringing healthy growth to Bitcoin.
I have read interesting articles few months ago where important economists predicted that the maximum sustainable price achievable for the bitcoin would be $1300, and above this mark would be mere speculation, and it seems we are arriving to that limit.
What do important economists know about the ins and outs of Bitcoin? Can they get inside the minds of the people demanding it? It's still a brand new arena. No one knows where it's going to end up.
Other important economists predicted $10 two years ago.
We have seen a lot of so called economist "experts" predicting massive bitcoin crashes. Case in point:
Quote
I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play. Miners/speculators will be best served to acknowledge the meltdown has begun, act quickly and take fleeting profit off the table.
(Williams, a former commodities trading floor senior executive and Federal Reserve bank examiner, teaches finance at Boston University School of Management.)
(Williams, a former commodities trading floor senior executive and Federal Reserve bank examiner, teaches finance at Boston University School of Management.)
Classic CEO/FED bankster that should have keep his dumb mouth quiet, but predicted a low price of BTC that never came. Anyone that listened to him is now suicidal if they sold their Bitcoin.
After several years involved in trading, I have personally decided to put aside the technical analysis as a valid source of information to foresee the next market moves because it is well know that in markets, past or historic behaviors are not a guarantee of future results. I have read interesting articles few months ago where important economists predicted that the maximum sustainable price achievable for the bitcoin would be $1300, and above this mark would be mere speculation, and it seems we are arriving to that limit.
We'll see because base on what I've read from the blogs of the gurus is that its going to reach up to 1400 this time. It could be the limit since we are sticking to it for quite awhile already. Its going to be obvious for traders to see the crash when someone deposits a large amount of BTC on exchange. IF that ain't happening yet, we're still going to be seeing the constant rise of its value otherwise traders will buy altcoins upon seeing the dump coming. But good luck to all of us. Its going to be a good day to trade after all these.
I have read interesting articles few months ago where important economists predicted that the maximum sustainable price achievable for the bitcoin would be $1300, and above this mark would be mere speculation, and it seems we are arriving to that limit.
What do important economists know about the ins and outs of Bitcoin? Can they get inside the minds of the people demanding it? It's still a brand new arena. No one knows where it's going to end up.
Other important economists predicted $10 two years ago.
After several years involved in trading, I have personally decided to put aside the technical analysis as a valid source of information to foresee the next market moves because it is well know that in markets, past or historic behaviors are not a guarantee of future results. I have read interesting articles few months ago where important economists predicted that the maximum sustainable price achievable for the bitcoin would be $1300, and above this mark would be mere speculation, and it seems we are arriving to that limit.
Indeed. It's nowhere near bubbly. The people shouting bubble sure as shit weren't around the witness the last real one in 2013. That was quite stunning to see.
The comparation of the angles is a good statistic. If you were to draw the same angle of 2013 in the current situation, the price would be $10,000+. So this means, if the same bull pressure happens within the current price, 5 figures would be guaranteed. Maybe the ETF can give us that, but that would be a clear bubble so we may see a big correction, but as long as it corrects above current price its good after all.
Bitstamp prices, same zoom setting, same 3-day increases candle, the result:
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
There are no more bubbles because there are no more fake volumes and market manipulation that comes from the Chinese Exchanges. After PBOC inspection of those exchanges the problem was settled and everything was back to normal thus the CHinese Exchange can no longer create bubbles that will really affect us. This time the price increase was not manipulated and therefore no more bubbles.
Bubbles can occur naturally without needing manipulation. Market participants can arbitrarily choose to buy and quickly raise the price out of legit FOMO. This could happen at any time. Of course, manipulation helps creating bubbles, but all im saying is, it can happen spontaneously.
Okay so if its going to go that way altcoins will still be the first to rise up too its going to be easy to buy altcoins that are pretty damn good as investment still. XMR is my best option for this. I'd consider ETH but it good to diversify like ICN.
But it still could go up to $1300 just as the speculations of the gurus.
Im not sure if I want to risk my BTC position int some alt pump and dump. We all have seen what happens when alts pump. Look at Dash... they are not sustainable, only BTC can sustain the big volume pumps and keep the price.
ICN is being a disappointment. When I started tracking its price it was 421 sats, now its 263, and 421 was supposed to be the bottom.
I would not risk my bitcoins either.
Of course money can be made with altcoins... but somebody loses that money as well.
And I do not want it to be me!
Every altcoin that went up came down again at some point.
I keep my bitcoins, the conditions for a long way up are here.
Okay so if its going to go that way altcoins will still be the first to rise up too its going to be easy to buy altcoins that are pretty damn good as investment still. XMR is my best option for this. I'd consider ETH but it good to diversify like ICN.
But it still could go up to $1300 just as the speculations of the gurus.
Im not sure if I want to risk my BTC position int some alt pump and dump. We all have seen what happens when alts pump. Look at Dash... they are not sustainable, only BTC can sustain the big volume pumps and keep the price.
ICN is being a disappointment. When I started tracking its price it was 421 sats, now its 263, and 421 was supposed to be the bottom.
well not really hard to draw what is coming, in 2013 for example the increase was very high and fast, in two week the value went to 12x, this is nothing like that, therefore no comparable make sense
thi is a steady increase, very solid, yes there are always price corrections, don't expected the value to rise without a little dump here and there, but don't expect either that there will be a dump to $700 again...
thi is a steady increase, very solid, yes there are always price corrections, don't expected the value to rise without a little dump here and there, but don't expect either that there will be a dump to $700 again...
Bitstamp prices, same zoom setting, same 3-day increases candle, the result:
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
There are no more bubbles because there are no more fake volumes and market manipulation that comes from the Chinese Exchanges. After PBOC inspection of those exchanges the problem was settled and everything was back to normal thus the CHinese Exchange can no longer create bubbles that will really affect us. This time the price increase was not manipulated and therefore no more bubbles.
Bitstamp prices, same zoom setting, same 3-day increases candle, the result:
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
There are no more bubbles because there are no more fake volumes and market manipulation that comes from the Chinese Exchanges. After PBOC inspection of those exchanges the problem was settled and everything was back to normal thus the CHinese Exchange can no longer create bubbles that will really affect us. This time the price increase was not manipulated and therefore no more bubbles.
the "bubble drama" was mostly when price went to $1180 the first time, now it has faded away ever since price went higher and showed some real buy support which was also strong enough to keep it up there.
although i should add the current $1250 (and yesterday's $1290) looks to me like a bubble but not a bubble starting from prices that people keep repeating such as $800-$900 but a small bubble starting from $1050ish and in case it bursts it will go down to $1100 and minimum $1000
although i should add the current $1250 (and yesterday's $1290) looks to me like a bubble but not a bubble starting from prices that people keep repeating such as $800-$900 but a small bubble starting from $1050ish and in case it bursts it will go down to $1100 and minimum $1000
We may be in a minor bubble because of the ETF hype, but I only see the price dropping by a couple of dollars if the ETF gets rejected.
We are not going to see the crash of 2013 again.
We are not going to see the crash of 2013 again.
Bitcoin just a little bubble right now, i was assuming if the price of bitcoin will never below $1000 again. But i was comparing the second chart and the current chart and it seems like bitcoin is more stronger right now.
More support on bitcoin with the PBOC audit to prevent the chinese manipulation.
More support on bitcoin with the PBOC audit to prevent the chinese manipulation.
Pretty nice info,but now many people were using bitcoin back in 2013 and how many people use bitcoin now?
This explains why the growth is more sustainable now.
Back in 2013,the bitcoin market was small,some big players started buying big amounts and the price skyrocket.
Now,the btc market is bigger,there are more bitcoin holders than before, so the growth is more stable.
This explains why the growth is more sustainable now.
Back in 2013,the bitcoin market was small,some big players started buying big amounts and the price skyrocket.
Now,the btc market is bigger,there are more bitcoin holders than before, so the growth is more stable.
The current price is not a bubble for bitcoin.
Okay so if its going to go that way altcoins will still be the first to rise up too its going to be easy to buy altcoins that are pretty damn good as investment still. XMR is my best option for this. I'd consider ETH but it good to diversify like ICN.
But it still could go up to $1300 just as the speculations of the gurus.
So you say, but I'm feeling a little bit of FOMO right now, mainly because I'm flat broke and couldn't buy any bitcoin now if I wanted to. Seems I'm always missing the boat on this.
I see your point about not being in a bubble, but it does feel like 2013 to me. We've been rising pretty damn fast, and I'm anticipating a correction sooner rather than later. This is bitcoin, where we can be up or down $250 in a matter of hours. Fasten your safety belts, that's my recommendation.
I see your point about not being in a bubble, but it does feel like 2013 to me. We've been rising pretty damn fast, and I'm anticipating a correction sooner rather than later. This is bitcoin, where we can be up or down $250 in a matter of hours. Fasten your safety belts, that's my recommendation.
Bitstamp prices, same zoom setting, same 3-day increases candle, the result:
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet.
Jump to: