Topic: call an end to the rally (Read 12393 times)

You need read first before posting these post belong to year 2011 and the price of bitcoin at that time is in cheap price I hope op grab that opportunity and not waste any bitcoin they buy , now he is rich.

Your prediction is pure negative. But theres a possibility it will turn into that price as you predicted. But for me bitcoin will never fall to that price again. Bitcoin is very popular right now so the demand of bitcoin will increase and the price of bitcoin a piece will rise too. Bitcoin price.is hard to predict. Its hard to know when it rise or drop. But we all hope it will rise.

After some analysis tonight, I have come to the conclusion that the most likely end to the current rally will be at 1 btc = $4.54.  When I say end, I mean a major top will form and the price will drop at least 33% from there.  I will be putting in a sell order at $4.25 for my entire account as soon as I transfer my bitcoins there.  I'll go a step further and call an end to the drop at around parity.

Anyone else have any predictions for a top?  Anyone think it will go up and up forever without any major pull-backs?

well, the market is closer to my parity prediction than the previous high.  Anybody wanna join my bear-camp?  Still not too late!  Btw I sold about 100 bitcoins at $31/btc, that felt good 

I got 80 btc out, but they are rolling everything back, so I don't think I'm a millionaire....yet

well, the market is closer to my parity prediction than the previous high.  Anybody wanna join my bear-camp?  Still not too late!  Btw I sold about 100 bitcoins at $31/btc, that felt good 

Here's my prediction:

Bitcoin will hit at least $40 by the end of June, and over $1000 by the end of the year.

..and that may prove to be really conservative.

I think so too

Ive asked S3052 and others to explain *why* they think an entirely new form of currency that offers *many* advantages over any of the existing forms of value trading systems, and is *just starting* to pick up steam (as far as mainstream awareness goes) would possibly follow the old patterns of "normal" stocks of companies and commodities.

Did the adoption of the Internet and Broadband follow "Elliot Waves" ?
Did anyone talk about "Bear and Bull" markets with regard to BitTorrent's uptake ?
Were Mobile Phones considered a "Bubble that will burst ?"
Did the takeover of the Automobile follow "The Markets *Rules* ?"

Digital Cameras annihilated the 100+ year old film/development industry within a decade, CCD's and Portable mass storage combined to totally change the way we took and stored images almost overnight (in cultural time frames)

Bitcoin is also an entirely new technology combination that stands to revolutionize the worlds whole financial system and how people transact with each other, and some think it will follow the usual stock-market rules just because it uses seemingly familiar "exchanges" to help it along.

I personally think it will rise, and rise, and rise for at least 5 or 10 years, (possibly in bursts according to media coverage/awareness grows) as mass-adoption gradually happens..

Unless something catastrophic (and very unlikely) happens, such as the governments of the world conducting an all-out media-smear campaign against it war-on-drugs style (possible - even although it will likely fail, just like prohibition and WOD), switch off the internet (yeah right), or start jailing people for using it (yeah right again).

I try not be a cheerleader/fanboi, but Ive been in the Electronics and I.T. industry for 30 years and I havent *ever* seen anything with the potential that this project has to change the world for the better.

you're killing me altoid, this thread is hard to read now    have you actually received any encouragement on these sells that I missed?

*6 months later* value hits $100 per btc. altoid will be on the forums shouting, "ANY DAY NOW!11" "CMON PEOPLE, SELL FFS!!!"   

I'll be smiling when I buy your bitcoins for a dollar, it's not too late to become a bear...