Bitcoin will probably reach 4500-5000, following seasonality pattern. - page 2.

traderethereum

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Quote from: vladimir21 on June 26, 2018, 10:09:00 AM

Quote from: traderethereum on June 26, 2018, 08:02:42 AM

although bitcoin price will get down in July/August, I am not too worry about this because as far as I remember, in July/August last year, the altcoin is getting an increase so high so no matter if bitcoin is down, we can get another profit from altcoin. and after the altcoin gets a party, then it's the time for bitcoin to show the power to increase because, in the last year, bitcoin start to increase after September and still increase until at the end of the year. so maybe it will repeat like this in this year.

Problem with this year is that every coin has huge resistance, because of mass growth in late 2017. Which certainly means that it wont happen again that fast, as coins needs to reach new aths with extreme resistance. That's why i don't expect bitcoin to reach 20k this year, maybe more like 10-15k max if we get very very luckey.

The only way for bitcoin to grow again is for world mass media to report on it, like it happened in late 2017 the mass media was constantly reporting on bitcoin new ath price...

I think that the price in 2017 is too fast to increase and makes the mass media reporting about bitcoin on everywhere and somehow, this makes many people come to bitcoin because they want to make huge money too. and with the price now which is reach $6xxx, I am not sure that we can see $20k in this year and maybe like you said, we are going to see bitcoin price increase again but now, it will at the $10-$15k level of the price. we need more power to make bitcoin increase more than $20k and now, people seem to be afraid and not confident to invest their money in bitcoin.

still, we have a few months before the end of this year and we can see what will happen at the end of this year. maybe the price will increase higher and break our prediction because people still want to make huge money from bitcoin and will push the price to increase higher.

wuvdoll

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Quote from: Lampaster on June 24, 2018, 04:19:46 AM

Quote from: Wind_FURY on June 24, 2018, 03:15:58 AM

I believe we are witnessing capitulation and the bears have the control now, and it might be followed by another long movement of nothing for two years until the next halving. Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

Why do bears always lower prices? Everything has limits. It seems to me that the decline in prices to 5900 dollars is a temporary phenomenon. Bears test their strength and calculate the economic effect of further price reduction. In the end, the death of bitcoin is not beneficial to anyone. Bears want to give the steering wheel to the bulls but they don't want to take it and it can be a problem for everyone.

Because bears care less what you think or how anyone wants to perceive the market in the long term. Their mission is to shake out enough weak hands, make enough from it and then rinse and repeat the process.

This will not be bitcoin's death since the value upward was obviously a FOMO issue and it was not as a result of real demand, at the end when the market recovers and set new ATH, all these would only end up becoming another history. $5000 is my bet in the short term towards the end of June with some little recovery at the beginning of next month before continuing lower.

warwar

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Quote from: Shinpako09 on June 26, 2018, 09:41:35 PM

If that's what you believe then fine, everyone is entitled to their own opinion. Not all prediction is right and not all we are expecting were going to happen. Everyone might be right and wrong. Not because someone predicted it right once, they are correct in their following prediction.

Thats what it called speculation, so you only speculate by the behaviour of the bitcoin in the past month or the past year because mostly of what happen before with the same graph like what he presented is that the price goes up after. Now it is not guaranteed it is just we guessing it then if we are lucky enough then we are really good and get our profit. But as my self i do speculate so that i do have a positive thinking and not thinking those loss like this day because it really hurts.

Shinpako09

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If that's what you believe then fine, everyone is entitled to their own opinion. Not all prediction is right and not all we are expecting were going to happen. Everyone might be right and wrong. Not because someone predicted it right once, they are correct in their following prediction.

websoftwareengineer

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Quote from: okala on June 26, 2018, 12:18:42 PM

That mean we should sell at the end of August and trying to buy back in November. This doesn't play out last year because we have a very nice ride in bitcoin pricing in August and September! I may not have the data to show but many of us that was here last year will agree with me that bitcoin performed very will last year.

In my own opinion, the market is volatile and the price might pump again somehow anytime soon due to the prices today that is very low in the market, the reason why market today is currently dumping is just because of the people who are not well knowledgeable about the system and they tend to sell their coins if there is a negative speculation that comes out.

batang_bitcoin

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Quote from: btcdevil on June 26, 2018, 05:32:49 AM

Quote from: batang_bitcoin on June 26, 2018, 05:10:22 AM

You are comparing two different worlds, there is resemblance on how to do stocks and crypto's but they are revolving in different dimension.

What you are saying is we will get a light on July and August and then we'll see again another bear market September and October.

How can all these months isn't enough for the bear?

Nothing but seeing the previous price fluctuations he is predicting on that basis, and if it comes as same as he told then just see that how he will come and cry here saying what he told has happened. Any one can predict it but what should be to happen that only going to happen to the market. I can also predict that in the end of 2018 market will be nearby $15k + if it comes then i will be happy.

But basing with another type of market is different from getting facts with his predictions. I concluded that when stocks are falling, bitcoin is also falling too but having predictions with the pricing, rising and fall, I just don't understand on how it goes.

Everyone is free to predict but telling a low bottom which has been suspected to happen few days ago at $5,800 won't go through $4,500 which is very low.

okala

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That mean we should sell at the end of August and trying to buy back in November. This doesn't play out last year because we have a very nice ride in bitcoin pricing in August and September! I may not have the data to show but many of us that was here last year will agree with me that bitcoin performed very will last year.

vickybitcoin

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Quote from: vladimir21 on June 24, 2018, 02:29:56 AM

In the last 50 years,on average the June/september/october are the worst months. And are very bearish.

WHen bitcoin fell down below 6500 i confirmed that we may be following seasonal pattern, which means we could see a pump around july/august. But the lowest all time bitcoin will be around september/october.

So i put a bet on around 4500-5000 for these months.

https://s33.postimg.cc/dfz4ot90v/Capture.png

https://s33.postimg.cc/fxavw4y33/capture12.png

Even if the price will even reach lower than what you predicted I have strong believe that it will bounce back hard nd higher also. People right now are not only seeing the situation as bad but as n opportunity to be avaible to buy bitcoin investment while the price is low.

vladimir21

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Quote from: traderethereum on June 26, 2018, 08:02:42 AM

although bitcoin price will get down in July/August, I am not too worry about this because as far as I remember, in July/August last year, the altcoin is getting an increase so high so no matter if bitcoin is down, we can get another profit from altcoin. and after the altcoin gets a party, then it's the time for bitcoin to show the power to increase because, in the last year, bitcoin start to increase after September and still increase until at the end of the year. so maybe it will repeat like this in this year.

Problem with this year is that every coin has huge resistance, because of mass growth in late 2017. Which certainly means that it wont happen again that fast, as coins needs to reach new aths with extreme resistance. That's why i don't expect bitcoin to reach 20k this year, maybe more like 10-15k max if we get very very luckey.

The only way for bitcoin to grow again is for world mass media to report on it, like it happened in late 2017 the mass media was constantly reporting on bitcoin new ath price...

traderethereum

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although bitcoin price will get down in July/August, I am not too worry about this because as far as I remember, in July/August last year, the altcoin is getting an increase so high so no matter if bitcoin is down, we can get another profit from altcoin. and after the altcoin gets a party, then it's the time for bitcoin to show the power to increase because, in the last year, bitcoin start to increase after September and still increase until at the end of the year. so maybe it will repeat like this in this year.

btcdevil

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Quote from: batang_bitcoin on June 26, 2018, 05:10:22 AM

You are comparing two different worlds, there is resemblance on how to do stocks and crypto's but they are revolving in different dimension.

What you are saying is we will get a light on July and August and then we'll see again another bear market September and October.

How can all these months isn't enough for the bear?

Nothing but seeing the previous price fluctuations he is predicting on that basis, and if it comes as same as he told then just see that how he will come and cry here saying what he told has happened. Any one can predict it but what should be to happen that only going to happen to the market. I can also predict that in the end of 2018 market will be nearby $15k + if it comes then i will be happy.

batang_bitcoin

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You are comparing two different worlds, there is resemblance on how to do stocks and crypto's but they are revolving in different dimension.

What you are saying is we will get a light on July and August and then we'll see again another bear market September and October.

How can all these months isn't enough for the bear?

talkbitcoin

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Quote from: Tankdestroyer on June 25, 2018, 06:06:36 AM

At the very least his prediction in this thread has come to fruition(see the last reply on the thread). That being said, I believe he is not utterly clueless, his prediction might become true again this time and being overly bearish it is just his way of saying things.

just because someone predicts some price and it comes true it doesn't mean they are good at "predicting bitcoin price" and it certainly doesn't mean their future so called predictions are going to also come true.
you can roll a dice 10 times and win in a dice gambling game but that doesn't make you a future teller.

Theb

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I don't think that we are following the price history of the stock market as our basis on where Bitcoin will go, for one BTC is on a separate market compared to the stocks, and even that does not prove that we can have the same trend as what they are having. Also one of the most vital factors we are having is that we have a changing demand remember that Bitcoin has soared 1000$ in just 30 minutes if it wants to as seen before, and BTC being on the down trend ever since January I don't think that we will follow any kind of bullish or bearish patterns, this volatile market can go either way.

Wind_FURY

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Quote from: Tankdestroyer on June 25, 2018, 06:06:36 AM

Quote from: LFC_Bitcoin on June 24, 2018, 08:02:53 PM

Quote from: Wind_FURY on June 24, 2018, 03:15:58 AM

Kwukduck might be right in his $3,500 target to buy back after all. Hahaha.

He’s utterly clueless & it’s been proven again & again with his overly bearish predictions over the years.

At the very least his prediction in this thread has come to fruition(see the last reply on the thread). That being said, I believe he is not utterly clueless, his prediction might become true again this time and being overly bearish it is just his way of saying things.

I have the same opinion. I believe he is only trolling us when he posts his extremely bearish predictions, but behind that he buys the bottom and sells the top when he trades.

He is also annoying but I support his prediction of $3,500 per Bitcoin. Haha.

BillyBobZorton

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The summer makes people feel good and bullish, I think we are going to have a bull market, which may not cut it for an ATH so we will have further dipping after that, and we may or not may go lower than the February 22 2018 bottom... maybe a triple bottom will be it?

If the tripple bottom scenario doesn't hold we are going on that range you pointed to unfortunately (or fortunately, since I just want to buy more before it goes to $1,000,000)

BrewMaster

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There is trouble abrewing

i am no expert to say anything about this "season pattern" that you are talking about here although my small experience tells me it doesn't sound true.
but this part is definitely not true:

Quote from: vladimir21 on June 25, 2018, 08:53:11 AM

which means no drastic bullish increases as it is too risky.

it is not a random thing that these big rises happen. it is because of combination of two things: 1. the small size of the market 2. the nature of adoption.
so far bitcoin adoption has been drastic and each time it brought a lot of investors in, in a short time. for instance last year during the $20k rally Coinbase was reporting 1 million sign ups in a couple of days.
add to that the fact that the order books are still thin and you will see these drastic rises AND falls.

LexLuther

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What about Nov/Dec? I would expect a good pump the end of the year. It seems with more regulatory clarity coming out of the States hopefully we can see an ETF or some big institutional investors open up the markets for retirement accounts.

vladimir21

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No, it's a good indicator. Since it is a 50 years seasonal average. Crypto market basically follows stock market pattern. And according not just me but also some well known names know that btc is following season pattern from now on, which means no drastic bullish increases as it is too risky.

suzanogbomo

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it is obvious that the bears are winning with a market cap that fell below 250 billion from an all time high of about 900 billion. Maybe the bulls will return towards the close of the year.Expert predictions say bitcoin will hit 30k $ by year end.

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