January approaching. Bull run about to begin?

de3mka

member

Activity: 102

Merit: 13

How do I change an avatar?

Quote from: MicroGuy on December 31, 2014, 08:14:52 PM

Quote from: Watoshi-Dimobuto on December 30, 2014, 04:43:40 AM

I fairly believe that Bitcoin is going to start picking up from 1st Jan onwards.
I have strong reasons to believe so.

Do you agree? Why/why not?

This is what's happening:

1. The bitcoin community as a whole is focused on merchant integration on the POS side alone.

2. These efforts have succeeded, resulting in ever increasing selling pressure. (merchants generally dump the bitcoins daily)

It will be impossible to line up enough individual buyers to compete against this massive seller network. The only solution is to change focus and give some attention to the payroll side of the equation. This will help turn merchants into bitcoin users instead of bitcoin sellers.

Unless we see more attention paid to this side of the scale, expect the price to continue its steady decline.

+1
I can't agree more. Unless people start getting income in bitcoins there will be no real benefit of having all of the infrastructure built. On the other hand it must be beneficial for an employer to have this option. I see following reasons why a firm might be interested in paying certain percentage of wage to employees:

to decrease tax
innovative company benefit for employees, like giving company shares as part of the salary
raising prestige among IT population

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1115

Quote from: cbeast on January 01, 2015, 06:53:15 AM

I wouldn't be surprised to see an almost mirror image to 2014.

Agreed. Down down down. Until the devil says "where have we been?"

Goodbye, cbeast:'(

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Its a nice setup for a busted descending triangle. Maybe Wink

Wait for confirmation imho.

Notanon

sr. member

Activity: 388

Merit: 250

I reckon between the middle to the end of the month that things will start to pick up a bit. Christmas and New Year would've dampened things a bit, so the effect of both will ease off around then.

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

I wouldn't be surprised to see an almost mirror image to 2014.

leen93

sr. member

Activity: 616

Merit: 250

to 2000$

Dilla

hero member

Activity: 588

Merit: 500

300 has too strong of a resistance. Gon go up up up, maybe down a bit, then up up up until the halving.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

There is no suggestion to me that this will be the case. We are still following the down -> retrace 50% up -> down pattern. I have a theory a large miner or miners have been selling to crush the price in order to squeeze out lesser heeled miners to the purpose of lowering the difficulty and thereby extending the life-cycle of their current hardware. Furthermore, this would be a brilliant way to increase ROI to mind-boggling numbers if their goal was to rebuy their coins at much lower prices.

MicroGuy

legendary

Activity: 2506

Merit: 1030

Twitter @realmicroguy

Quote from: Watoshi-Dimobuto on December 30, 2014, 04:43:40 AM

I fairly believe that Bitcoin is going to start picking up from 1st Jan onwards.
I have strong reasons to believe so.

Do you agree? Why/why not?

This is what's happening:

1. The bitcoin community as a whole is focused on merchant integration on the POS side alone.

2. These efforts have succeeded, resulting in ever increasing selling pressure. (merchants generally dump the bitcoins daily)

It will be impossible to line up enough individual buyers to compete against this massive seller network. The only solution is to change focus and give some attention to the payroll side of the equation. This will help turn merchants into bitcoin users instead of bitcoin sellers.

Unless we see more attention paid to this side of the scale, expect the price to continue its steady decline.

resya

sr. member

Activity: 294

Merit: 250

Agree with OP, we're up a bit in the first day of january. Last year was just a big head fake for the Chinese to buy up all of our BTC cheap. It's a totally trap! Now we're only going up

MonadTran

full member

Activity: 181

Merit: 100

I think this might be the case, because taxes. Some people might sell whatever they have at a loss, near the end of the year, in order to reduce the capital gains tax, then re-buy it in the new year.

But I'm not a lawyer, maybe I don't understand things.

Zawamiya

hero member

Activity: 526

Merit: 500

i think it will rise because of people's physiology on price pump in new year
or if it won't happen then we will need a solid reason before rally begins
i think 2015 will good for bitcoin and cryptocurrencies

a fool and his money ...

full member

Activity: 616

Merit: 103

Quote from: bornil267645 on December 31, 2014, 12:27:41 AM

Well it was about to start since December, no hopes anymore.

they were bullish in june already Roll Eyes

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

Well it was about to start since December, no hopes anymore.

bitcoin_purist

member

Activity: 75

Merit: 10

Fearless, except for those who are fearless

Quote from: asdlolciterquit on December 30, 2014, 07:44:40 AM

Quote from: bitcoin_purist on December 30, 2014, 06:52:31 AM

Quote from: Watoshi-Dimobuto on December 30, 2014, 04:43:40 AM

I fairly believe that Bitcoin is going to start picking up from 1st Jan onwards.
I have strong reasons to believe so.

Do you agree? Why/why not?

Not sure about the exact date, but I think it will happen in the first 10 days of 2015.

I came to this conclusion when I ignored a few emotions like fear and hope.
Try it, it works.

you ingnored fear and hope..and so, your conclusion is based on what?

Let me begin to say that 1,5 years ago I laughed at people who did technical analysis.
I made a lot of mistakes during that time period, but did not lose much btc because I traded with a very very small portion of my stash.

Now, since 2 or 3 months I got rid of the fear and emotion and saw where we were heading thanks to technical analysis.
Don't get me wrong. We will go up, but we need to go down first.

btc_enigma

hero member

Activity: 688

Merit: 565

Price should rise after xmas spending is over

H.W.Z

hero member

Activity: 574

Merit: 500

we don't be sure about when the price will rise, but we know it will. So it is good time to buy, isn't it?

Dexter770221

legendary

Activity: 1029

Merit: 1000

Jan 1st? No, many people will cure hangover that day, not buying BTC. But in the middle of the month definitely we will see some bigger moves..

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: bitcoin_purist on December 30, 2014, 06:52:31 AM

Quote from: Watoshi-Dimobuto on December 30, 2014, 04:43:40 AM

I fairly believe that Bitcoin is going to start picking up from 1st Jan onwards.
I have strong reasons to believe so.

Do you agree? Why/why not?

Not sure about the exact date, but I think it will happen in the first 10 days of 2015.

I came to this conclusion when I ignored a few emotions like fear and hope.
Try it, it works.

you ingnored fear and hope..and so, your conclusion is based on what?

EFS

staff

Activity: 3696

Merit: 2065

Crypto Swap Exchange

I have strong reasons but I don't write them. Roll Eyes

How do we agree if we don't know your reasons?

Topic: January approaching. Bull run about to begin? (Read 2480 times)