Topic: Calling it: Peak of $1,600 by the end of the year - page 2. (Read 6597 times)
$10,000
$1,400 is more likely
We are still on track if we hit $500 by Tuesday which appears to be very possible.
$1600 would be surprising, but only mildly. The key thing here, in addition to China, is that the BIT took off. That was the x-factor: are people actually buying the BIT or is it just languishing? People are buying, bigtime ($15 million invested in 6 weeks so far). Now that it has a track record of big gains, more will pile in. This is going to be huge, as a severe coin shortage happens due to them all being vacuumed up by Second Market, and it will manifest as a sort of organic series of little panic buys as we have been seeing.
This is what I think most in the financial community still do not fully understand.
They are used to working with investment instruments like the GLD ETF, where if there is a temporary short of the underlying asset they just fractionalize it and create paper promises (example GLD holding little physical gold and mostly paper).
Bitcoin is not fractionalizable, this is a massive difference. Wall street of course will try to fractionalize it, but will get badly burned because there is no central entity to bail out bad/risky decisions.
Every other financial instrument exists with the boundaries of state FIAT currency, bitcoin is competing at with the FIAT currency level. 99.99999% of current economists and traders do not comprehend this fact, and the fact that no one ever made money trading shares etc, they just swap around and existing amount of fiat money and change its velocity.
The price will peak at $1600 then fall back down to hold steady around $1,000 for several months.
Let it be known.
It is so.
Let it be known.
It is so.
This is a very conservative prediction. Four digits in BTC will open a new door to to five digits. Limited-supply and increased-demand is the main reason for this uptrend. Whenever either side is broken trend reverse.
If I'm understanding lucif's/masterluc's elliot wave analysis, 1250+ could be the top of the historic wave 3 (wave 1 = the rise from 0.05 to 32 and was roughly 2.8 orders of magnitudes and wave 3 = the rise from 1.99 to at least 1255 if it is no more than 2.8 magnitudes as it is expected to be)... if one were to believe in such things... 
Did we complet wave 4 of 5 of (5)?
What do you Elliott guys think?
IMO, didn't completed even 3 of 5.
Did we complet wave 4 of 5 of (5)?
What do you Elliott guys think?
I thought he was talking about wave 3 of the five waves off the $65 bottom. My count has this structure as the historic wave five.
I may have read in some of my own bullishness, but based on the relative small size of the 266 bubble (compared in log scale to the 32 bubble which I consider the top of historic wave 1) I don't have it as the end of historic wave 3 but a mere detour to the top of 1250+
If I'm understanding lucif's/masterluc's elliot wave analysis, 1250+ could be the top of the historic wave 3 (wave 1 = the rise from 0.05 to 32 and was roughly 2.8 orders of magnitudes and wave 3 = the rise from 1.99 to at least 1255 if it is no more than 2.8 magnitudes as it is expected to be)... if one were to believe in such things...
Did we complet wave 4 of 5 of (5)?
What do you Elliott guys think?
IMO, didn't completed even 3 of 5.
Did we complet wave 4 of 5 of (5)?
What do you Elliott guys think?
I thought he was talking about wave 3 of the five waves off the $65 bottom. My count has this structure as the historic wave five.
If I'm understanding lucif's/masterluc's elliot wave analysis, 1250+ could be the top of the historic wave 3 (wave 1 = the rise from 0.05 to 32 and was roughly 2.8 orders of magnitudes and wave 3 = the rise from 1.99 to at least 1255 if it is no more than 2.8 magnitudes as it is expected to be)... if one were to believe in such things...
Did we complet wave 4 of 5 of (5)?
What do you Elliott guys think?
IMO, didn't completed even 3 of 5.
EDIT:
Did we complet wave 4 of 5 of (5)?
What do you Elliott guys think?
EDIT:
3 of historical 5 running.
The price will peak at $1600 then fall back down to hold steady around $1,000 for several months.
Let it be known.
It is so.
Sounds about right. My own calculations say that we will at least break $1000 in this current bubble, but I don't know much more beyond that... Let it be known.
It is so.
This is actually not far fetched at all. Considering the exponential momentum and publicity crypto has picked up and the massive amounts of fiat cash reserves in the world.
i just.. don't know. i kind of regret selling my .5 $250/btc, but it wasn't that much of a loss. the game is too wildly unpredictable for me to be brave enough to play arbitrage.
Simply change your perspective. Longer term analysis, deflationary in a world of inflating fiat.
i just.. don't know. i kind of regret selling my .5 $250/btc, but it wasn't that much of a loss. the game is too wildly unpredictable for me to be brave enough to play arbitrage.
get ready for $5000 in 2014.
Just don't miss all these sweet bear traps by the way
Just don't miss all these sweet bear traps by the way
I fully expect a march up a mountain, then a flight into the sky, followed by a rocket launch to space, with subsequent trip to the moon, all prior to a visit to Mars, all of which is merely the warm up for a trip to another galaxy far far away...
BTC
BTCBTCBTCBTC
BTCBTCBTCBTCBTCBTCBTC
BTC
BTCBTCBTCBTC
BTCBTCBTCBTCBTCBTCBTC
perfect lyrics to the new bitcoin rally song....!
And so it was written.
And as it is such, so also as such is it unto you.
Wanna bet?
We are still on track for this.
If we hit $500 in 10 days we will be about 2 weeks away from $1500-$2000.
It will reach that height, as far as the correction...I believe the Chinese influence throws those results into unknown territory.
If we hit $500 in 10 days we will be about 2 weeks away from $1500-$2000.
It will reach that height, as far as the correction...I believe the Chinese influence throws those results into unknown territory.
$1600 would be surprising, but only mildly. The key thing here, in addition to China, is that the BIT took off. That was the x-factor: are people actually buying the BIT or is it just languishing? People are buying, bigtime ($15 million invested in 6 weeks so far). Now that it has a track record of big gains, more will pile in. This is going to be huge, as a severe coin shortage happens due to them all being vacuumed up by Second Market, and it will manifest as a sort of organic series of little panic buys as we have been seeing.
This is what I think most in the financial community still do not fully understand.
They are used to working with investment instruments like the GLD ETF, where if there is a temporary short of the underlying asset they just fractionalize it and create paper promises (example GLD holding little physical gold and mostly paper).
Bitcoin is not fractionalizable, this is a massive difference. Wall street of course will try to fractionalize it, but will get badly burned because there is no central entity to bail out bad/risky decisions.
I fully expect a march up a mountain, then a flight into the sky, followed by a rocket launch to space, with subsequent trip to the moon, all prior to a visit to Mars, all of which is merely the warm up for a trip to another galaxy far far away...
BTC
BTCBTCBTCBTC
BTCBTCBTCBTCBTCBTCBTC
BTC
BTCBTCBTCBTC
BTCBTCBTCBTCBTCBTCBTC
perfect lyrics to the new bitcoin rally song....!
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