Bitcoin Price about to explode..at 296.74 now....

panju1

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Quote from: Amph on July 31, 2015, 10:04:19 AM

Quote from: superpanos2 on July 29, 2015, 03:17:18 PM

No it's not!
Just wait for the next halving in one year.

the halving will ensure the average price to increase if demand will not fall for any other random reaosn, but you can not rely on it for everything, if the demand isn't there

what will really make the price skyrocket next year, is not the halving itself, but more the hype around it, as usual...

True... The price rise will probably happen before the halving. People will start buying bitcoins in the build up to the halving, thinking the price will increase after it.

alva5763

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Is there any underlying reason for price to explode eg extra demand?

Amph

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Quote from: superpanos2 on July 29, 2015, 03:17:18 PM

No it's not!
Just wait for the next halving in one year.

the halving will ensure the average price to increase if demand will not fall for any other random reason, but you can not rely on it for everything, if the demand isn't there

what will really make the price skyrocket next year, is not the halving itself, but more the hype around it, as usual...

mindrust

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Quote from: Miracal on July 31, 2015, 07:39:08 AM

Quote from: mindrust on July 31, 2015, 07:09:13 AM

Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

5 years is a long time, you think the price of bitcoin will not exceed 1200 for the next 5 years? So for the next 1826 days you can guarantee that the price will be less than that? dude, the world is a crazy place and a lot of crazy things happen everyday.Nobody expected a coin worth a few cents to hit 1200 dollars. So I don't find the harm in assuming that there are chances of bitcoin being a few thousand dollars by the end of this decade.

I am behind my word.

That 1200$ jump was an anomaly. It was a scam made by Gox. I say if another company that big like Gox do it again, yes it may rise to 1200$ again for a short time. If not, btc will rise 100$ in every year. Not more.

GrandmaJean

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Quote from: mindrust on July 31, 2015, 07:09:13 AM

Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

what are you talking about? there will definitely be an explode before or after halving i believe it might rise to at least 600 dollars each what will mean that bitcoin will be more popular again

Miracal

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Quote from: mindrust on July 31, 2015, 07:09:13 AM

Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

5 years is a long time, you think the price of bitcoin will not exceed 1200 for the next 5 years? So for the next 1826 days you can guarantee that the price will be less than that? dude, the world is a crazy place and a lot of crazy things happen everyday.Nobody expected a coin worth a few cents to hit 1200 dollars. So I don't find the harm in assuming that there are chances of bitcoin being a few thousand dollars by the end of this decade.

mindrust

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Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

Meuh6879

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Quote from: n2004al on July 28, 2015, 11:17:33 PM

I doubt that someone is able to do this ( to predict the price of bitcoin). To many try and someone find something but I think that the guy who find do this occasionally and not because there is some scientific analyse made.

look in the past :

2009 : 0
2010 : 0
2011 : 1 USD
2012 : 10 USD
2013 : 100 USD (pop at 150)
2014 : 200 USD (pop at 1200)
2015 : 300 USD (pop ?)

sana9821

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Quote from: NorrisK on July 30, 2015, 05:08:03 PM

Quote from: superpanos2 on July 29, 2015, 03:17:18 PM

No it's not!
Just wait for the next halving in one year.

Halving solves everything... Come on.. Still more Than half of total coins Will be distributed by then. Impact Will be minor..

there will surely be impact though we dont know if it will be positive and rise the price or negative for example if people who have a lot of it will start dumping coins on the buyers who are ready to buy for bigger price and the price will be the same again or even lower

HarHarHar9965

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Quote from: knowhow on July 30, 2015, 05:04:51 PM

on that time were new investors coming into the game of land of opportunity most of them enter and now are just watching it recover slowly value,is hard to predit where it can goes but i guess is almost impossible to back to 100 dollars as some are hoping for a down.

Let's be really honest, you think a lot of people will buy in when bitcoin goes down to 100$? A man who invested at 1000$ sees his investment reduce to 10% of what it was initially, its really shattering. Yes, it might boost up or whatever but I don't really think I would trust bitcoin if it hits such a low again, that would indicate there are problems in the market which people have no control over, and no solution either.

NorrisK

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Quote from: superpanos2 on July 29, 2015, 03:17:18 PM

No it's not!
Just wait for the next halving in one year.

Halving solves everything... Come on.. Still more Than half of total coins Will be distributed by then. Impact Will be minor..

knowhow

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on that time were new investors coming into the game of land of opportunity most of them enter and now are just watching it recover slowly value,is hard to predit where it can goes but i guess is almost impossible to back to 100 dollars as some are hoping for a down.

Hazir

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★Nitrogensports.eu★

Quote from: superpanos2 on July 29, 2015, 03:17:18 PM

No it's not!
Just wait for the next halving in one year.

Ah, yes. The mythical halving. Back in December of 2013 we did not have anything like that yet bitcoin price skyrocketed to $1000+.
Halving can bring bitcoin rise of bitcoin price but we could reach it faster and without it, people are just being skeptical about bitcoin success and exaggerate every bitcoin flaw.

mrhelpful

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Quote from: randy8777 on July 29, 2015, 03:47:32 AM

Quote from: jbrnt on July 28, 2015, 09:05:00 PM

Quote from: randy8777 on July 28, 2015, 08:10:05 PM

the price has been hanging just a few bucks below the $300 level. looks like no one yet is willing to give bitcoin the push to go over $300 and potentially trigger a small rally.

We've touched $300 in March and came back down to $220. This time hopefully will be different. Prices rose to $310 middle of this month and we did not trace down, but stayed above $275! May be it will be 3rd time lucky, $350 may be?

well the rise to over $310 this month was due to greece. currently there is no reason of why the price should go over $300. and it shows as it is pushed down again.

I wouldnt rely on greece too much. Unless western union still close their doors for business and people still cant get funds moved.

Then yeah, but greece is generally the influence in price right now outside from the typical whale manipulation, etc.

superpanos2

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No it's not!
Just wait for the next halving in one year.

Mickeyb

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Move On !!!!!!

Quote from: BillyBobZorton on July 29, 2015, 11:27:38 AM

Quote from: White sugar on July 28, 2015, 12:42:22 PM

Too much time in the 290 range, I fear for a dump instead.
And more than 1 hour has passed

We are not taking a quick correction and already at 289 in Coinjar. I don't fear dumps since im long term but of course it's always tempting to sell a bit and try to short it, even tho im not gonna risk it only to find out tomorrow we are at something like 320 or a price along the lines with a stable consolidation of price above 300.

That's exactly my thinking, watching at the price right now, it feels that only one person or one good buy or sell can make this thing go very South or very North. Now which way it will be, I don't know and that's why it's the best to stay out of it and wait for clear signals where this is headed.

BillyBobZorton

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Quote from: White sugar on July 28, 2015, 12:42:22 PM

Too much time in the 290 range, I fear for a dump instead.
And more than 1 hour has passed

We are not taking a quick correction and already at 289 in Coinjar. I don't fear dumps since im long term but of course it's always tempting to sell a bit and try to short it, even tho im not gonna risk it only to find out tomorrow we are at something like 320 or a price along the lines with a stable consolidation of price above 300.

Gyfts

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No explosion? Waiting?

The price has had a good increase of almost 50 or so dollars (roughly). I'd like to say it's because of the Greece crisis. I feel like that was thrown around as being the straw that ended fiat currencies. But Greece is finding its way to recovery slowly but surely. No doubt in mind the price will increase though. Just not as explosive as you suggest.

spazzdla

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Until we see a rise of $100 in one day there will be no explosion. The shorters have to get brutally slaughtered for this to happen.. it will happen however.

faridkifly

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I think the rate will increase as soon as posible
But if the rate is going straight down out of the blue.. I'm the one that will be frustated

Topic: Bitcoin Price about to explode..at 296.74 now.... (Read 2917 times)