Give me an estimate on next breakout!

talkbitcoin

legendary

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Quote from: Febo on February 03, 2017, 09:08:59 AM

It seems this breakout is painfully slow. 1% a day. If no corrections we will see $2000 BTC in 4 months time. Maybe by December we will be on top of bubble. Seems someone press slow motion on Bitcoin.

painfully? are you serious.
price is $1012 as i am typing this and yesterday it was $916 and that is already about $100 rise. i say that is even uncomfortably big.
and percentage wise, price went up 7.6% yesterday and another 3.4% today to the high of $1020
which part of this total 11% you are calling painfully slow?

next time please check a price chart and open a calculator and them post comments Cheesy

Febo

legendary

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Quote from: error08 on February 02, 2017, 11:26:52 AM

Quote from: Red-Apple on January 30, 2017, 10:19:15 AM

Quote from: ImHash on January 30, 2017, 09:39:10 AM

If a few individuals stop f**king around and reach a consensus about some serious changes in the code, because of a recent jump in hash rate and the never ending competition of miners, soon price will go over $1k.

it is not "a few" individuals! have you seen how hash rate is distributed lately? check it out there are lots of pools, farms and individuals involved who are mining and need to come to a consensus!

and since you are talking about chance in the code i am assuming you are talking about the block size debate, and even if consensus is reached price will rise, sure. but that is not adoption so don't expect much rise and don't expect it to last.

only real adoption, and new investors, new buyers, new services and merchants,... these things will raise the price and it is happening slowly as we can see these days.

But more real adopters and more merchants/services accept bitcoin will refers to transaction problem due to block size.
Those factors that could make the price slowly increases but more stable without any manipulation.
We're just heading to next breakout at $1000 in the next day.

It seems this breakout is painfully slow. 1% a day. If no corrections we will see $2000 BTC in 4 months time. Maybe by December we will be on top of bubble. Seems someone press slow motion on Bitcoin.

novemberwoah

hero member

Activity: 896

Merit: 500

Quote from: noormcs5 on February 02, 2017, 10:54:13 AM

Quote from: quake313 on January 31, 2017, 07:43:59 AM

Quote from: amacar2 on January 31, 2017, 05:54:29 AM

Quote from: I Am Hero on January 28, 2017, 03:11:03 AM

these days clearly there is a big accumulation going on keeping the price at around $900-920 and whenever it goes higher they push it down.

Price is swinging between this range because of chinese trading platform implemented fees on trading which used to be zero fee before. Now whales don't like to spend from their pocket to pay fees and start bull run. However on long run price will keep on increasing and from now on it will be healthy growth without much manipulation like before.

Just broke up +950$.

I could see 990$ on one of the exchange. We are getting close to $1000 and this gonna happen twice in 2 months time. This is a remarkable achievement and it shows the worth of bitcoins. Those who still doubt on bitcoin credibility should think twice.

Now the price of bitcoin is getting approaching $ 1,000 and will soon approach. It will last until the next few days and the price will exceed $ 1,000. This increase in my opinion reasonable in bitcoin market because the percentage increase is not too big, and you correctly have to think twice to doubt bitcoin.

error08

hero member

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Quote from: Red-Apple on January 30, 2017, 10:19:15 AM

Quote from: ImHash on January 30, 2017, 09:39:10 AM

If a few individuals stop f**king around and reach a consensus about some serious changes in the code, because of a recent jump in hash rate and the never ending competition of miners, soon price will go over $1k.

it is not "a few" individuals! have you seen how hash rate is distributed lately? check it out there are lots of pools, farms and individuals involved who are mining and need to come to a consensus!

and since you are talking about chance in the code i am assuming you are talking about the block size debate, and even if consensus is reached price will rise, sure. but that is not adoption so don't expect much rise and don't expect it to last.

only real adoption, and new investors, new buyers, new services and merchants,... these things will raise the price and it is happening slowly as we can see these days.

But more real adopters and more merchants/services accept bitcoin will refers to transaction problem due to block size.
Those factors that could make the price slowly increases but more stable without any manipulation.
We're just heading to next breakout at $1000 in the next day.

noormcs5

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Activity: 2814

Merit: 618

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Quote from: quake313 on January 31, 2017, 07:43:59 AM

Quote from: amacar2 on January 31, 2017, 05:54:29 AM

Quote from: I Am Hero on January 28, 2017, 03:11:03 AM

these days clearly there is a big accumulation going on keeping the price at around $900-920 and whenever it goes higher they push it down.

Price is swinging between this range because of chinese trading platform implemented fees on trading which used to be zero fee before. Now whales don't like to spend from their pocket to pay fees and start bull run. However on long run price will keep on increasing and from now on it will be healthy growth without much manipulation like before.

Just broke up +950$.

I could see 990$ on one of the exchange. We are getting close to $1000 and this gonna happen twice in 2 months time. This is a remarkable achievement and it shows the worth of bitcoins. Those who still doubt on bitcoin credibility should think twice.

quake313

sr. member

Activity: 268

Merit: 250

Quote from: amacar2 on January 31, 2017, 05:54:29 AM

Quote from: I Am Hero on January 28, 2017, 03:11:03 AM

these days clearly there is a big accumulation going on keeping the price at around $900-920 and whenever it goes higher they push it down.

Price is swinging between this range because of chinese trading platform implemented fees on trading which used to be zero fee before. Now whales don't like to spend from their pocket to pay fees and start bull run. However on long run price will keep on increasing and from now on it will be healthy growth without much manipulation like before.

Just broke up +950$.

amacar2

legendary

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Quote from: I Am Hero on January 28, 2017, 03:11:03 AM

these days clearly there is a big accumulation going on keeping the price at around $900-920 and whenever it goes higher they push it down.

Price is swinging between this range because of chinese trading platform implemented fees on trading which used to be zero fee before. Now whales don't like to spend from their pocket to pay fees and start bull run. However on long run price will keep on increasing and from now on it will be healthy growth without much manipulation like before.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: ImHash on January 30, 2017, 09:39:10 AM

If a few individuals stop f**king around and reach a consensus about some serious changes in the code, because of a recent jump in hash rate and the never ending competition of miners, soon price will go over $1k.

it is not "a few" individuals! have you seen how hash rate is distributed lately? check it out there are lots of pools, farms and individuals involved who are mining and need to come to a consensus!

and since you are talking about chance in the code i am assuming you are talking about the block size debate, and even if consensus is reached price will rise, sure. but that is not adoption so don't expect much rise and don't expect it to last.

only real adoption, and new investors, new buyers, new services and merchants,... these things will raise the price and it is happening slowly as we can see these days.

ImHash

hero member

Activity: 924

Merit: 506

If a few individuals stop f**king around and reach a consensus about some serious changes in the code, because of a recent jump in hash rate and the never ending competition of miners, soon price will go over $1k.

mtnsaa

legendary

Activity: 1568

Merit: 1000

Quote from: BTCLovingDude on January 30, 2017, 09:30:22 AM

you can expect a breakout very soon because i sold a small amount of bitcoin today since i needed some money and the last time i did that price went to $1100

but jokes and superstitions aside, i think we can see $1000 in about a month from now, we are already in 900-920 range and this 20 dollar range has always been like a launchpad for bitcoin to higher price.

I don't think there's any good news to sustain another jump in price in the horizon. China volume was completely fabricated, no adoption pressure, segwit most definitely won't happen any time soon, ETF will get rejected (that's a strong rumour) and many companies like Circle left Bitcoin ecosystem because of inner turmoil. I think if the two opposite camps don't get their act together we can even see a hard fork in Bitcoin in 2017, there's a real chance to that, hopefully it doesn't happen but we have to be sincere and admit that as it is it's not going anywhere unless some breakout news happen.

The only thing I can think of right now that plays in favor of BTC price is uncertainty with Trump's government and economic crisis looming, but those fears won't last too much and it's all speculation based. BTC needs to solve issues in the real world.

BTCLovingDude

legendary

Activity: 1134

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BTC to the moon is inevitable...

you can expect a breakout very soon because i sold a small amount of bitcoin today since i needed some money and the last time i did that price went to $1100

but jokes and superstitions aside, i think we can see $1000 in about a month from now, we are already in 900-920 range and this 20 dollar range has always been like a launchpad for bitcoin to higher price.

ipanks

hero member

Activity: 1610

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i can not give you estimate on next breakout because in this situation, no one knows where the price is going to go, we can only predict and its maybe right or wrong. but for sure, i think this time for altcoin to get rise and i think this will be good for us to earn more bitcoin for trading altcoin.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: Barbut on January 28, 2017, 08:22:04 AM

I also don't think that anyone is pushing price down, after recent rise and fall, price have a good stronghold on 920 dollars.
We don't need some new pump, or break out on some higher price. Let's see what will happen with segwit in next few months, and will someone do something about blocksize, any news or possible solution for main issues can push up the price. When will that happen, follow news careful and try to read between lines.

The nearest event where I could imagine the price moving up or down is when the SEC will make a final decision regarding one of the ETFs getting approved or not.
Up to that point I think we will mostly move sideways with some smaller swings in both directions.

jakelyson

legendary

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Quote from: I Am Hero on January 28, 2017, 03:11:03 AM

these days clearly there is a big accumulation going on keeping the price at around $900-920 and whenever it goes higher they push it down.

when do you think they are going to release the breaks let the price go up again?

You will never know. It will come like a thief in the night. What you can do now is keep on accumulating your bitcoins so when the time comes the resistance is broken, you will be prepared with your bitcoins. You do not want to be the one who does not have a bitcoin to sell when the price surges. Keep on monitoring the market, it will come soon.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: I Am Hero on January 28, 2017, 03:11:03 AM

these days clearly there is a big accumulation going on keeping the price at around $900-920 and whenever it goes higher they push it down.

when do you think they are going to release the breaks let the price go up again?

It will happen when you will least expecting. When everyone here will be so gloomy about BTC future. when there will be only bad news, no good news at all. Then and only then BTC will break out and head way over $1000.

romero121

legendary

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Quote from: davis196 on January 28, 2017, 06:47:05 AM

Quote from: I Am Hero on January 28, 2017, 03:11:03 AM

these days clearly there is a big accumulation going on keeping the price at around $900-920 and whenever it goes higher they push it down.

when do you think they are going to release the breaks let the price go up again?

Who is pushing the bitcoin price down?Can you proove this information?
I guess that the Chinese government might have the power to push btc down,but i don`t believe it.
The current btc market price is OK and it will start increasing soon.

As quoted based upon the Chinese market price variation happens. This time price of bitcoin is found stable and expected to give a rise step by step as there is no special events. As a part of Chinese exchange inspection the ongoing price and variation is the true one without any fake bumps.

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: I Am Hero on January 28, 2017, 03:11:03 AM

these days clearly there is a big accumulation going on keeping the price at around $900-920 and whenever it goes higher they push it down.

when do you think they are going to release the breaks let the price go up again?

A big factor in this field is obviously China, and currently in china there is holiday because of their new year lunar 28 January and I think until 6 February most of them are in holiday but that doesn't mean that they will leave the trading, production and other things that they do every day but I think that there will be a change in price these days, so it may increase.

European Central Bank

legendary

Activity: 1288

Merit: 1087

let's see what china gets up to once the new year's over. maybe it's dead for good or just taking a breather. that's a big factor in near term movements. my gut feeling is that china never had a use for bitcoin other than gambling on the exchanges and now that's effectively over. it's gonna be a new and very unpredictable market.

cengsuwuei

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i want to estimate prediction price for you
i think breakou price if down until reach 800 dollar, if incraese price until 1000 dollar
after price to reach can back trend

InvoKing

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Quote from: Karpeles on January 28, 2017, 08:08:02 AM

volume is falling, so I doubt there is an accumulation, unless it is happening outside exchanges, I think whoever wanted to buy big already did

if the pattern from 2015-2016 follows, then next big rise should happen near june-july, 6 months after the last one

I think the price will not make a huge rise until November - December 2017 and it may break its previous records, meantime it is just a consolidation moments

Topic: Give me an estimate on next breakout! (Read 1556 times)