Bitcoin phases from my point of view

andreld

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Quote from: ReigningPigs on November 23, 2015, 04:12:49 PM

Quote from: andreld on November 22, 2015, 04:14:16 AM

The price
under $300-$400 is the price range of Bitcoin for the current situation of adoption. With more adoption, the price will rise.

Well, more people will adopt Bitcoin if the price stabilizes. When more people adopt Bitcoin, the value will start shooting up again and subsequently cause the price to become unstable.
It seems like Bitcoin will have a hard time whichever way you look at it.

The value of bitcoin is based on its usefulness. At present, only few than 1 million people use it. The value is about $6bn. When 10 million people use it, the value will be $600 bn.

ReigningPigs

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Quote from: andreld on November 22, 2015, 04:14:16 AM

The price
under $300-$400 is the price range of Bitcoin for the current situation of adoption. With more adoption, the price will rise.

Well, more people will adopt Bitcoin if the price stabilizes. When more people adopt Bitcoin, the value will start shooting up again and subsequently cause the price to become unstable.
It seems like Bitcoin will have a hard time whichever way you look at it.

andreld

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Quote from: Jwalker. on November 21, 2015, 11:40:14 AM

Quote from: qu.fadep on November 21, 2015, 11:37:04 AM

for me the real price of BTC is 300$. every price down this threshold is oversold.

I have to agree,
Anything under $300-$400 is the price range of Bitcoin.

The price
under $300-$400 is the price range of Bitcoin for the current situation of adoption. With more adoption, the price will rise.

chesthing

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Your first "frustration" mark was the aftermath of news from China government making trading btc illegal. You haven't been around long, have you?

The Sceptical Chymist

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Technical analysis is scuntwork for the masses. You can draw pretty lines in nice, bright colors and all that other foolishness, but it's meaningless. If you don't have the power to predict what the price of bitcoin is going to be next week, it's useless. And if you do, you're rich.

Question: Are you rich?

afbitcoins

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Not sure the point of the minor trends but I agree with your accumulation phase.

NorrisK

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I tend to agree with most of your graph. The primary trend looks ok, but maybe it should be a bit steeper (touch the bottoms at the start and the one at 180).

Also, accumulation is probably still going on, or has restarted after the last minor trend in your graph.

Jwalker.

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Quote from: qu.fadep on November 21, 2015, 11:37:04 AM

for me the real price of BTC is 300$. every price down this threshold is oversold.

I have to agree,
Anything under $300-$400 is the price range of Bitcoin.

qu.fadep

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for me the real price of BTC is 300$. every price down this threshold is oversold.

Mickeyb

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Move On !!!!!!

Quote from: 1Referee on November 18, 2015, 05:02:28 AM

Quote from: Amph on November 18, 2015, 03:34:31 AM

i don't like when there is too much focus on comparing the future with the past, this is something unprecedent, or not exactly like in the past

it could go either way, but if the sentiment among everyone is toward the increase, it will increase simple as that

You are right. Comparing current market sentiment and trends with how it was back in the days a few years ago makes no sense anymore. We are much further now and there is much more money involved. We are now also facing the block halving that will surely cause a massive increase in demand over the comming years. These times are the times to accumulate coins as much as you still can. After the block halving it will be much harder for sure.

I tend to agree with you guys. Market dynamics are so much different than during the last bubble. Heck, then we had one decent exchange and that was about it. No VC money invested and we were pretty much unknown and those who knew us thought that we are just a pyramid scheme.

Things are so much different at the moment and we can really expect something different in my opinion! I think that we will break easily last highs before the upcoming halving!

1Referee

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Quote from: Amph on November 18, 2015, 03:34:31 AM

i don't like when there is too much focus on comparing the future with the past, this is something unprecedent, or not exactly like in the past

it could go either way, but if the sentiment among everyone is toward the increase, it will increase simple as that

You are right. Comparing current market sentiment and trends with how it was back in the days a few years ago makes no sense anymore. We are much further now and there is much more money involved. We are now also facing the block halving that will surely cause a massive increase in demand over the comming years. These times are the times to accumulate coins as much as you still can. After the block halving it will be much harder for sure.

Amph

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i don't like when there is too much focus on comparing the future with the past, this is something unprecedent, or not exactly like in the past

it could go either way, but if the sentiment among everyone is toward the increase, it will increase simple as that

spazzdla

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So you're saying a crash to $150-200 ish?

Or a steady rise in value with crazy up and down swings lol.

InvoKing

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To make things clear:

And I agree with you in the primary trend, for the rest dunno i think it is more complicated.

RyNinDaCleM

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Legen -wait for it- dary

Quote from: qu.fadep on November 17, 2015, 08:01:46 AM

http://imageshack.com/a/img905/5942/zngamR.jpg

are you agree with me? Huh

If by minor trend you think this is merely a counter trend rally amongst the larger bear trend (which is a counter trend to your primary trend), then yes! I are agree! !!!

qu.fadep

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http://imageshack.com/a/img905/5942/zngamR.jpg

are you agree with me? Huh

Topic: Bitcoin phases from my point of view (Read 1255 times)