Bitcoin Price about to explode..at 296.74 now.... - page 2.

TinEye

hero member

Activity: 639

Merit: 500

we aren't touching 300 aren't we? if we can't touch that damn 300 and tarrying above it, i'll not believe in this pump, it could be a dead cat bounce for trap suckers inside it, for all we know

Quote from: ?? on ??

Quote from: GODLIKE on July 29, 2015, 05:22:45 AM

I don't believe in price prediction for such an instable currency as Bitcoin, it's too early and too many things must happen month by month.
But exactly for that that your "there is no reason" is wrong.
Greece is not the only country drowning in shit.
Take Argentina in example.

so does this mean if some countries struggle , bitcoin prices goes up and if vice versa happens , it actually goes down? I'm still new to economic stuff

i don't think so, the price of bitcoin seems to vary on its own unrelated with something like Greece's crisis, it has to do with how the other stocks markets behave

GODLIKE

hero member

Activity: 546

Merit: 500

LOL what you looking at?

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 don't believe in price prediction for such an instable currency as Bitcoin, it's too early and too many things must happen month by month.
But exactly for that that your "there is no reason" is wrong.
Greece is not the only country drowning in shit.
Take Argentina in example.

randy8777

legendary

Activity: 896

Merit: 1000

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.

gerXhonza

hero member

Activity: 812

Merit: 1000

We have unfortunately not seen this supposed explosion, you can predict again if you think you may get closer this time? I don't think we are going anywhere much over 290's for the next few months, same as the previous few months. Being controlled would be an understatement.

Falconer

legendary

Activity: 2660

Merit: 1141

Quote from: mrhelpful on July 28, 2015, 11:40:17 PM

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

Quote from: OROBTC on July 28, 2015, 09:12:03 PM

...

I was NEVER able to predict future prices (short term) of anything. Not Bitcoin, not stocks or options, not gold.

That's why I don't trade. Some people can trade, others not.

If you see me make a speculation recommendation, you wold do better to take the OTHER SIDE OF THE TRADE!

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.

So, not only your recommendations but the everyone recommendations, according to me, are useless and pure speculation and without any value.

Its always going to be a speculation lol.

Last time I checked no one can read the future.. but making estimates but the TA - technical analysis on levels will never always be right all the time.

Thats why predictor are different with oracle, they could be wrong too. And they dont read the future, but just study the factors that affected bitcoin price directly, like crisis in a country or changing rate of fiat.

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: g1974ak on July 28, 2015, 11:22:55 PM

Maybe there are instruments that help in reasoning in the field of prediction of prices but for bitcoin I'm afraid that are insufficient data to do such analysis. I haven't hear someone find the price with his prediction. If this could be true this guy would be already millionaire.

The TA for bitcoin is like things like PR if its like the greece incident, and western union shutting out services for them.

And it may not be the form you want, but thats only thing you can really go on.

mrhelpful

legendary

Activity: 1456

Merit: 1002

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

Quote from: OROBTC on July 28, 2015, 09:12:03 PM

...

I was NEVER able to predict future prices (short term) of anything. Not Bitcoin, not stocks or options, not gold.

That's why I don't trade. Some people can trade, others not.

If you see me make a speculation recommendation, you wold do better to take the OTHER SIDE OF THE TRADE!

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.

So, not only your recommendations but the everyone recommendations, according to me, are useless and pure speculation and without any value.

Its always going to be a speculation lol.

Last time I checked no one can read the future.. but making estimates but the TA - technical analysis on levels will never always be right all the time.

g1974ak

newbie

Activity: 14

Merit: 0

Maybe there are instruments that help in reasoning in the field of prediction of prices but for bitcoin I'm afraid that are insufficient data to do such analysis. I haven't hear someone find the price with his prediction. If this could be true this guy would be already millionaire.

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: OROBTC on July 28, 2015, 09:12:03 PM

...

I was NEVER able to predict future prices (short term) of anything. Not Bitcoin, not stocks or options, not gold.

That's why I don't trade. Some people can trade, others not.

If you see me make a speculation recommendation, you wold do better to take the OTHER SIDE OF THE TRADE!

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.

So, not only your recommendations but the everyone recommendations, according to me, are useless and pure speculation and without any value.

OROBTC

legendary

Activity: 2968

Merit: 1895

...

I was NEVER able to predict future prices (short term) of anything. Not Bitcoin, not stocks or options, not gold.

That's why I don't trade. Some people can trade, others not.

If you see me make a speculation recommendation, you wold do better to take the OTHER SIDE OF THE TRADE!

jbrnt

hero member

Activity: 672

Merit: 500

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?

randy8777

legendary

Activity: 896

Merit: 1000

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.

knowhow

hero member

Activity: 560

Merit: 500

Quote from: ajareselde on July 28, 2015, 05:54:13 PM

Bitcoin has proved many times that TA indicators doesn't have to predict the future with the certainty many people expect.
Judging by the fact that we we're in ~200 range for a long time, and that round 300 is sort of a psychological price, i expect we will sooner see
retracement back than to see price stabile at > 300,atleast not for few months, but that's just my opinion.

cheers

we are testing the 300 dollars value soo it there is enought support we will keep mooving forward and above otherwise we will back to our last value on 270/285 dollars soo dont think with any indicator bitcoin can drop from one moment to other as raise. .

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: Meuh6879 on July 28, 2015, 06:38:59 PM

ramp up ... in progress, rocket ready ?

http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=date&tz=Etc%2FGMT-2
I wouldn't bet too much on the hype or bubble. Isn't it better to build up resistance on this level anyways, before advancing further?

cheers

Meuh6879

legendary

Activity: 1512

Merit: 1012

ramp up ... in progress, rocket ready ?

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Bitcoin has proved many times that TA indicators doesn't have to predict the future with the certainty many people expect.
Judging by the fact that we we're in ~200 range for a long time, and that round 300 is sort of a psychological price, i expect we will sooner see
retracement back than to see price stabile at > 300,atleast not for few months, but that's just my opinion.

cheers

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Do you have a technical analysis site you use to track the trends?

The great thing about applying technical analysis to bitcoin trading is that the trading is 24 hours a day. That gives us a lot more data to use for the trend, the stochastic, the week and monthly trending, etc. It's possible that some new trending behaviours may come about due to the extensive data available.

Are you creating your Fibonacci analysis on your own? If not, what site are you using?

BitProdigy

full member

Activity: 322

Merit: 115

We Are The New Wealthy Elite, Gentlemen

Quote from: timtowner on July 28, 2015, 02:16:06 PM

38.2% Fib retracement is showing to be major resistance but the money flow is still building. This thing should pop. Definitely taking longer than I thought though lol

What is this 38.2% Fibonacci retracement of which you speak? Sounds interesting do you have source material?

timtowner

newbie

Activity: 21

Merit: 0

38.2% Fib retracement is showing to be major resistance but the money flow is still building. This thing should pop. Definitely taking longer than I thought though lol

g1974ak

newbie

Activity: 14

Merit: 0

Go ahead bitcoin! We all expect that you go high and more high! What can we do that this can be true? To tell the truth nothing. So the only way is to wait and to see. Maybe will go again 1200 us dollar one like the time of glory....

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