Topic: After corrections, Bitcoin is now ready to go to $1777! (Read 2272 times)

Somewhat unsure of the news, but I think bitcoin will increase slowly but surely, there will not be very fast progress with such a short time.
Always very optimistic about the news and others feel it, hopefully it will be a reality for the future, to be their personal belief and psychological trust can pump the spirit to buy as many coins as possible for new and old investors.

Damn, I was ready to report the user who reply on this 2-3 year old thread as necro-posting, however,, I give you thumbs up for calling it like 2015 and seeing the price could go and almost touch $20K which it did last December 2017.

Anyways, I wouldn't question your shift though for BCH, and I would have to agree that we really need to diversify. I mean diversity not only in crypto but in other class assets as well.

Bitcoin Core was completely unusable as a currency at the time of that price. The price tag was the only good thing about it. Transaction fees and the Replace-By-Fee hack pretty much killed the once dear Bitcoin.

Luckily there is Bitcoin Cash, which has turned out to be the king in beggar's clothing, the real Bitcoin. And it has low transaction fees, massive merchant support and safe-to-accept 0-confirmation transactions.

However, when I wrote that prediction in 2015 I was not completely sure what the pot of shit meant. I just knew that there are other much worse things to worry about than the price. And it sure was. Bitcoin was being deliberately crippled and prepared for the transition into a centralized censorship-vulnerable bankster coin. Lightning Network is just smoke and mirrors. So yeah, I personally have changed all my segwitcoin holdings for bitcoins by now (Bitcoin Cash), but I did diversify into other asset classes at the top of the price that I had predicted

Amazing prediction! What do you mean by "the price tag of 17k is effectively a drop of honey in a pot of shit"? I believe it is overvalued and as such drops more than 50% from that but still I believe the long term growth will surpass that. Do you mean now we have other cryptos that technically pass bitcoin to have a better value than bitcoin and bitcoin will lose all its value for those other coins? or you mean actually the opposite, bitcoin is the only valuable among the shitcoins?

Would appreciate your feedback as I would regard it as very insightful after your incredibly accurate prediction!

Awesome call hyena!!! 

It may happens, then a large numbers of individuals will moving out from bitcoin and may invest into alts or outside crypto. But as what we observed in the market trend, bitcoin still doing good and it stabilized from $16k-17k. And I believe that bitcoin price won't go that deeper even if there is a huge correction happen.

now price is back into 16,000$ in less than 24 hour bitcoin be more unstable.

 bitcoin can break historical number before 2018

For me  I think it is possible, bitcoin will create its own history about its rising value and no one can prevent it. So those crypto haters will likely to regret because as we see the bitcoin keeps increasing. Btc keeps surprising us and thus more and more are now getting into crypto.

I think it's time to remind everyone that I was right  (haters gonna hate victory dance)
I predicted 17k BTC for the year 2017 when it was trading at ~300$

what's the worth of a 17k bitcoin if the TX fees are so high that you can't spend any?
the price tag of 17k is effectively a drop of honey in a pot of shit

I don't think it is ready to rise to $1777 just yet. It may get to that price in the future, but it won't be for at least a year. Right now, for the last six months, its been at $215-250. In my opinion, the price is just starting to go up.

certainly on the horizon. I highly doubt that BTC has "stabilized" at ~250.00
nice to see this much positivity around here. It's been a long  bear market

Damn, you got some crazy predictions.

Decline from to $200ish and holding 1 month mid $200ish, and expect to go nearly $2k? its a bit naive thinking unless you expect a huge volume from gemini the twins exchange doing something.

We will see 17777$ bitcoins by the year 2017 but there will be casualties. I'm not sure whether it's all good after that. Your 17k bitcoins may be a drop of honey in a pot of shit.

I think it'll be back up as the price rises, tons of people come out of the woodwork and say "damn, I was thinking of buying bitcoins when they were cheap and I really missed out.

if it hits $1777 then I'll sell all my coins & will give you many many thanks

That's what I thought too. A straight skyrocket to $1777 doesn't seem to be possible but on a slow-phase, it might.

the problem isn't that we don't wont the price to rise slowly, the problem is that the price isn't moving at all, we are there in the same range

it's like someone is forcing the bitcoin price to stay there forever(chinese maybe?)

There is enough incentive for a rise, but not in short time period. And i don't think it is going to be obvious straight up, but rather bumps and humps all the way up,
like we have seen before. Actually, many insane pumps and such started with a big dump to make confusion..

cheers

i can't see the price go over $1000 any time soon, not even within a few years. why not be happy with the price going up slowly?

That would be a very great news if that would happen but I don't see any basis of this rise anywhere.

To be honest, i don't analyse the charts to extent like most of other people do, instead, i like to follow simple logic of things. And it gets me the conclusion that there's a ton of money
missing here, that just waits for trend reversal/ bottom to happen, before it re-enters the market. The price fall from 1250 down to under 200 is enough of a sign that thee's little place left for floor.

I agree that the first stage of another bubble will be smaller bubble that will in the end shake weak hands before continuing upward, but at maximum 5-6 years from now, another large hype will happen,
that will make current ATH look like a joke, and i think it will never go under that level again, leaving traders no other choice than to rebuy even higher then they sold.
Same like you said, this is my opinion, and ofcourse i can't guarantee anything, but i'm pretty confident that this is exactly how it's gonna play out if the politics don't get in the way of bitcoin progress.

cheers

I think you might be extrapolating a little hard here.  It'd be awesome if it happens but I highly doubt it.  Always keep a positive attitude though .

We've obviously ended the long term correction phase, but from now on it will still be a low price with small ups and downs, which people will perceive as stability, but eventually we'll have other mini crashes before the new ATH, which will frustrate people and make them abandon. Unfortunately, few have the mindset to win in the game of waiting.

I'm open to the possibility -- although my gut tells me bitcoin won't get really bullish again (new ATHs) for another year or two yet -- but the chart really doesn't say anything to me. The weekly doesn't look "bubbly" to me at all.

The realists are making the moves to turn the bear market into a bull one, so they can collect their profits from the time when they made the bears be the loudest.

Shaking our heads. :/ Though perhaps you would think I'm not actually a realist if you keep reading...

(Massive "My Opinion" Warning)

There's signs of a turnaround, but it probably isn't going to happen the way most people expect, and a lot of folks may get burned. The jump from $2.50 to $7 in late 2011/early 2012 surprised most people and even fooled a few of us that thought huge gains were coming back again. I expect something similar to happen again. Instead of continuing to increase, the price fell back down and never saw $7 for a long time (6 months back then would be equivalent to about a year and a half today if you follow the logarithmic trend which others have posted about sporadically here). So yeah, look to see a surprise jump in price to ~$600 before falling again for another year or so and burning a lot of people in the process, IMHO. It'll be a long time before we see the ATH again, IMHO, though I have to admit that I'm still pretty optimistic we will see it by the end of 2018. Around May 2020 I expect to see a new ATH.

Please do NOT take my opinions here as solid financial advice, however. I believe interested investors should have some exposure to Bitcoin itself (instead of just crypto-companies), but I've known several people who "bet the farm" on it so to speak, and even though I told people in 2011 to buy a few hundred dollars worth, for some reason these same people ignored me and bought far more than they should have in late 2013, instead. If you're going to get exposure, do it now while the volume and interest is essentially dead, and for the love of God do not risk more than you're willing to lose.

First we had extreme bears being loud, and now we have extreme optimists. Where are the realists?

1000 dollars will be at one time considered cheap, the next financial crisis will be bigger, than the last one and even small fraction of all those virtual dollars would make price of Bitcoin baloon. I am just sceptical, that we will see it before late 2016.

RT done
I think very hard to hit 1000$ again, 400$ enough for me

This is some confidence right here. What makes you think this would happen? I am not saying I don't like it though.

doesn't seem quite possible to happen

it looks like a dream from down here at $220 ish but I think there was a time back at 2012 (?) that people thought the same thing and then there were the $1000 bubble.

I hope I live to see the day again.

Wow that is amazing and just can wish this news to be true.This rise in price is long awaited by lot of investors and holders of Bitcoin if this happens as you showed with the help of chart.If this happens I will make nice amount of profit from my current holdings.Although there is no such sign but in this digital world anything can happen any time.

I hope you are right but a part of me is selfish and hopes for more stability so I can accumulate more Bitcoin.

i hope you're right, but i don't see any specific sign, for why we should move to that specific price instead of another, and why we should reach it now and not the next year

guessing is good and all, but it's better to wait and see, besides that guessing is useless if you don't use it for trading

Awesome news i wish for this to happen this fantastic thing when BTCitcoin will go up to $1777, Bitcoin is stable at current floor from $215 - $240 and as per many trade experts predicting and so many positive news would be helpful to make this wave to go above after this price correction, i am still holding my coins and waiting for bright future.

After corrections, Bitcoin is now ready to go to $1777!

Retweet: https://twitter.com/bitpump/status/609627823372935168

Analysis: https://www.tradingview.com/chart/BTCUSD/yKl8DXcB-Support-133/