Bitcoin Price breaching $3000 likely (my opinion) EVEN NOW

Melbustus

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Quote from: ndnh on January 13, 2015, 11:10:22 PM

I still believe so. The push down is intentional. It will drain market confidence, people lose hope, panic sell. Then comes the turnaround. I bought them back and is waiting patiently.

If you believe in the fundamentals of Bitcoin, there is no reason for you to sell, unless you are quite short-sighted.

Just bought a few coins. I'm no trader, but the fud/fear/blood/myopia is intense right now.

ndnh

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I still believe so. The push down is intentional. It will drain market confidence, people lose hope, panic sell. Then comes the turnaround. I bought them back and is waiting patiently.

If you believe in the fundamentals of Bitcoin, there is no reason for you to sell, unless you are quite short-sighted.

mirjangka

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Quote from: myohmy81 on January 13, 2015, 03:39:50 AM

Quote from: Mieehayii on January 13, 2015, 01:54:12 AM

wish it become ture

I wish too Cool

maybe we must patiently wait 10 years moar to reach $3000 Cheesy

myohmy81

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Quote from: Mieehayii on January 13, 2015, 01:54:12 AM

wish it become ture

I wish too Cool

Mieehayii

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wish it become ture

ndnh

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Whales are not stupid enough to push the price to $50 or 100 or lower. They will push it to a small price and cause panic sell, then they buy them back in huge lots and make people go crazy on Bitcoin,... and the cycle goes on.

The price has almost fell to the low. It is time for the whales to reverse their move and make profits from panic sellers.

Hopefully, someday, the price of Bitcoin will depend purely on adoption and be real and not so easily manipulatable.

I will put the price of change between 199 and 250.

relm9

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Quote from: blade87 on January 12, 2015, 11:33:06 PM

Quote from: knight22 on January 12, 2015, 11:29:10 PM

Quote from: blade87 on January 12, 2015, 11:24:23 PM

Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.

That's what I thought after the first bubble in 2011. God I was wrong...

Except BTC did not get any major exposure until this past one. Even the after $266 bubble, not many knew much about it. That $266 bubble came and went almost too quickly. It wasn't until $1000+ that things got really crazy, and then the adoption followed. By now everyone has heard of Bitcoin. Everyone.

The only way I can see $3500 happening at this point is if the market goes stagnant for about 3 years, while Bitcoin continues on, so that everyone involved in 2014 and right now just forgets about it and are no longer involved and won't have any BTC to dump into the rise.

I would love to be wrong though and see something happen much sooner.

I dunno, all it takes is the price making a clear reversal and the average trader will hop back on. Sentiment can change quickly. Most people buy high and sell low.

ndnh

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Quote from: blade87 on January 12, 2015, 11:33:06 PM

Except BTC did not get any major exposure until this past one. Even the after $266 bubble, not many knew much about it. That $266 bubble came and went almost too quickly. It wasn't until $1000+ that things got really crazy, and then the adoption followed. By now everyone has heard of Bitcoin. Everyone.

The only way I can see $3500 happening at this point is if the market goes stagnant for about 3 years, while Bitcoin continues on, so that everyone involved in 2014 and right now just forgets about it and are no longer involved and won't have any BTC to dump into the rise.

I would love to be wrong though and see something happen much sooner.

No, not many people know of Bitcoin. Most of them who have heard about it, is not interested after hearing the price. They just think that they can only buy bitcoins at 1s and 2s (I mean no decimals or fractions). And some even believe that it is for geeks etc. and relate to all bad news you can get.

SmoothCurves

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Quote from: blade87 on January 12, 2015, 11:33:06 PM

Quote from: knight22 on January 12, 2015, 11:29:10 PM

Quote from: blade87 on January 12, 2015, 11:24:23 PM

Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.

That's what I thought after the first bubble in 2011. God I was wrong...

Except BTC did not get any major exposure until this past one. Even the after $266 bubble, not many knew much about it. That $266 bubble came and went almost too quickly. It wasn't until $1000+ that things got really crazy, and then the adoption followed. By now everyone has heard of Bitcoin. Everyone.

The only way I can see $3500 happening at this point is if the market goes stagnant for about 3 years, while Bitcoin continues on, so that everyone involved in 2014 and right now just forgets about it and are no longer involved and won't have any BTC to dump into the rise.

I would love to be wrong though and see something happen much sooner.

It wont take 3 years. It will be around when the next block reward happens. So, mid to late 2016.

ndnh

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Quote from: adaseb on January 12, 2015, 11:30:18 PM

Are you sure you are looking at the chart not upside down? You should be saying its more likely to breach the $200

Never rely your analysis on charts. It is merely a matter of perspective.

If you look at the chart from say last year, you will say it was bad.
If you look at the chart from the beginning, you will say it is great.

It just depends on where it starts from. All results you get from analysis is not exactly right. Bitcoin price is not just mere demand supply relationship.

knight22

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--------------->¿?

Quote from: blade87 on January 12, 2015, 11:33:06 PM

Quote from: knight22 on January 12, 2015, 11:29:10 PM

Quote from: blade87 on January 12, 2015, 11:24:23 PM

Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.

That's what I thought after the first bubble in 2011. God I was wrong...

Except BTC did not get any major exposure until this past one. Even the after $266 bubble, not many knew much about it. That $266 bubble came and went almost too quickly. It wasn't until $1000+ that things got really crazy, and then the adoption followed. By now everyone has heard of Bitcoin. Everyone.

The only way I can see $3500 happening at this point is if the market goes stagnant for about 3 years, while Bitcoin continues on, so that everyone involved in 2014 and right now just forgets about it and are no longer involved and won't have any BTC to dump into the rise.

I would love to be wrong though and see something happen much sooner.

Thing is, the vast majority of people still don't know about bitcoin.

blade87

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Quote from: knight22 on January 12, 2015, 11:29:10 PM

Quote from: blade87 on January 12, 2015, 11:24:23 PM

Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.

That's what I thought after the first bubble in 2011. God I was wrong...

Except BTC did not get any major exposure until this past one. Even the after $266 bubble, not many knew much about it. That $266 bubble came and went almost too quickly. It wasn't until $1000+ that things got really crazy, and then the adoption followed. By now everyone has heard of Bitcoin. Everyone.

The only way I can see $3500 happening at this point is if the market goes stagnant for about 3 years, while Bitcoin continues on, so that everyone involved in 2014 and right now just forgets about it and are no longer involved and won't have any BTC to dump into the rise.

I would love to be wrong though and see something happen much sooner.

adaseb

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Are you sure you are looking at the chart not upside down? You should be saying its more likely to breach the $200

relm9

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Quote from: SmoothCurves on January 12, 2015, 11:16:47 PM

Quote from: ndnh on January 12, 2015, 10:44:40 PM

Yeah, I think it can breach the $3000 mark quite easily. And I expect it to hit there by April 2015.
It is based on behavior of whales, and not on any price analysis.

The market has become extremely volatile and it is quite possible to cross $3000 as well as to hit $200. But the chances are it will cross the former before going for another huge crash to probably $100 and then the cycle goes on...

Markets moves will be highly unexpected. Be it up or down.

If it happens it will be more like $230 > $4500 > $900 then block reward hits and we go to $10k+

Knowing Bitcoin, price will probably drop when the block reward halving occurs. Everyone knows it's coming, so there will be huge pump months before and leading up to it, then massive dumps.

knight22

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Quote from: blade87 on January 12, 2015, 11:24:23 PM

Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.

That's what I thought after the first bubble in 2011. God I was wrong...

ndnh

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Wait! Is it the guy who stole millions from bitstamp selling off slowly? Or is the market panicking because of the possibility of a sell off?

Quote from: blade87 on January 12, 2015, 11:24:23 PM

Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.

You are wrong. If price rises in a strong bull run initially, price will go up for sure. There will be people to buy in as long as they belive price has not capped out.

From your viewpoint, the current situation is not possible, because people are not willing to sell off at small prices. Which proves that market does not behave like that

blade87

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Why should another bubble happen? Everyone knows exactly what is going to happen should BTC price rise again. There will be no buyers up these prices. You have to be mad, because it'd be a guaranteed loss holding any extended period of time. If there somehow miraculously is another bubble, it will probably the last one for sure.

ndnh

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Quote from: SmoothCurves on January 12, 2015, 11:16:47 PM

Quote from: ndnh on January 12, 2015, 10:44:40 PM

Yeah, I think it can breach the $3000 mark quite easily. And I expect it to hit there by April 2015.
It is based on behavior of whales, and not on any price analysis.

The market has become extremely volatile and it is quite possible to cross $3000 as well as to hit $200. But the chances are it will cross the former before going for another huge crash to probably $100 and then the cycle goes on...

Markets moves will be highly unexpected. Be it up or down.

If it happens it will be more like $230 > $4500 > $900 then block reward hits and we go to $10k+

btw, I sold my entire thing @ 250 and is waiting for the whale to finish its job... Wink

SmoothCurves

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Quote from: ndnh on January 12, 2015, 10:44:40 PM

Yeah, I think it can breach the $3000 mark quite easily. And I expect it to hit there by April 2015.
It is based on behavior of whales, and not on any price analysis.

The market has become extremely volatile and it is quite possible to cross $3000 as well as to hit $200. But the chances are it will cross the former before going for another huge crash to probably $100 and then the cycle goes on...

Markets moves will be highly unexpected. Be it up or down.

If it happens it will be more like $230 > $4500 > $900 then block reward hits and we go to $10k+

podyx

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$240>$3000>$100?

solid...

Topic: Bitcoin Price breaching $3000 likely (my opinion) EVEN NOW (Read 1804 times)