Last correction before 700+ breakout

serjent05

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Quote from: azguard on October 28, 2016, 12:17:05 PM

Quote from: error08 on October 27, 2016, 03:41:34 PM

Quote from: uki on October 22, 2016, 04:30:26 AM

Quote from: Denker on October 22, 2016, 03:47:57 AM

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!

And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.

Seeing the progress of bitcoin price the recent year that fluctuating but last day reach $685 is so good for two months come back after it was go down to $450s. Overall bitcoin has potential to grow more than $700 in this year or next years, like you said, it's a good year and patience.

maybe this patience will finally be paid off for this weekend perhaps
i mean lot here i have read and most expect to go over 700 which will happen eventually today tomorrow or next week month never mater i just hope to see price go slowly up
also in some tread i read that someone would like to see also price change like in 2013 this was slow rise and then huge jump for two month

what you all think can we see this again

Well having patience will surely pay off. That is always the best thing to do in every situation. and about the correction, I think it will happen anytime soon before the price of bitcoin to push upward to 800 usd. Hey it is very possible because there are more and more people getting in because of the mini hype brings by the increase in price to 700 USD recently.

azguard

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Quote from: error08 on October 27, 2016, 03:41:34 PM

Quote from: uki on October 22, 2016, 04:30:26 AM

Quote from: Denker on October 22, 2016, 03:47:57 AM

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!

And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.

Seeing the progress of bitcoin price the recent year that fluctuating but last day reach $685 is so good for two months come back after it was go down to $450s. Overall bitcoin has potential to grow more than $700 in this year or next years, like you said, it's a good year and patience.

maybe this patience will finally be paid off for this weekend perhaps
i mean lot here i have read and most expect to go over 700 which will happen eventually today tomorrow or next week month never mater i just hope to see price go slowly up
also in some tread i read that someone would like to see also price change like in 2013 this was slow rise and then huge jump for two month

what you all think can we see this again

error08

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Quote from: uki on October 22, 2016, 04:30:26 AM

Quote from: Denker on October 22, 2016, 03:47:57 AM

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!

And that is yet another good point. If things taken in proper perspective, 2016 has been a great year so far.
Great growth and with price now around $600-650, people who had enough patience got quite a chunky gain.
It is all about how realistic price expectations you may have. I know that many were expecting moon or beyond, just because of the halving.
They put their 0.1BTC hoping it will grow 10 or 20 fold, just like that. Well, that is not that easy, and I hope that was a good lesson for them how difficult it is to even double the price from where we are now.

Seeing the progress of bitcoin price the recent year that fluctuating but last day reach $685 is so good for two months come back after it was go down to $450s. Overall bitcoin has potential to grow more than $700 in this year or next years, like you said, it's a good year and patience.

uki

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Quote from: DonQuijote on October 26, 2016, 07:18:41 AM

Yes, we'll have a good Christmas

Well, I have to say that: hold your horses, Señor Quijote. It is still a long way to Christmas and in two months we may as well end up lower than we are right now.
I know that the charts look promising, but in Bitcoin you may paint pretty much any pattern you want on charts and then do completely the opposite to that what the TA would say.
Once we will be one week from Christmas, we can make much more educated guess whether we will be happy or not.

Dux2K

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Quote from: bitkng on October 27, 2016, 05:15:20 AM

Quote from: ynef on October 26, 2016, 04:42:57 PM

666 was broken so easily this time around. Roll Eyes

Next week it may cross 700

i have some ffeeling that the price will be 700 this weekend
This is just my gut feeling for the moment and I hope it will be like that

Denker

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Quote from: bitkng on October 27, 2016, 05:15:20 AM

Quote from: ynef on October 26, 2016, 04:42:57 PM

666 was broken so easily this time around. Roll Eyes

Next week it may cross 700

It may happen already this week who knows.There are still 3 days left and it seems China is again the main country pumping Bitcoin the most.
At least I could see us touching the 700, testing how strong the resistence is and then with the beginning of next week trying to break through it.

bitkng

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Quote from: ynef on October 26, 2016, 04:42:57 PM

666 was broken so easily this time around. Roll Eyes

Next week it may cross 700

ynef

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666 was broken so easily this time around. Roll Eyes

bitebits

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Quote from: kwukduck on October 25, 2016, 03:49:59 AM

Y'all completely delusional. This market is owned by a hand full of people. It's pure manipulation to get you to spend your fiat and make them rich.

Consider all the flaws in bitcoin at protocol level.

List of random reasons.

And even then each bitcoins is currently valued at $650. And Bitcoin keeps on ever improving, evolving and being adopted.

Greenenergy

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Quote from: Doms on October 25, 2016, 03:18:36 AM

Let's not get ahead of ourselves here. At the current price, the $650 resistance will be tested in the coming days. Let us see how the price behaves from here on in. If the price successfully breaks that resistance and eventually goes to $700, I hope it is not too soon. Too fast a rise almost always results in quick drops as well. Better for the price to move up slowly, and pull back a little so that it is something that's more healthy and within the normal movement.

The resistance broke so quickly. That's what catched my eye, that every day that passed, 20$ were added to the price.

serjent05

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Quote from: kwukduck on October 25, 2016, 03:49:59 AM

Y'all completely delusional. This market is owned by a hand full of people. It's pure manipulation to get you to spend your fiat and make them rich.

Consider all the flaws in bitcoin at protocol level.

Bitcoin does not scale!
Bitcoin is not anonymous!
Bitcoin is a privacy risk!
Bitcoin is too slow for real world applications!
Bitcoin does not allow much more than just fake fantasy money unlike many smart dynamic blockchains!
Bitcoin is mostly owned and controlled by a hand full of people!
Bitcoin makes you suspect of illegal activities!

At least I can buy goods online without going thru painful identification process of the bank system. Aside from that, they wont get to hack my visa card or credit card when am purchasing goods Cheesy

, it is more safer than doing those stuff. Card numbers and its secret pin being hacked or exploited by the site you are dealing with. Sounds scary.

jondeen707

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Quote from: Johnyloco on October 26, 2016, 05:32:25 AM

Quote from: jondeen707 on October 26, 2016, 05:00:30 AM

Quote from: kwukduck on October 25, 2016, 03:49:59 AM

Consider all the flaws in bitcoin at protocol level.

Bitcoin does not scale!
Bitcoin is not anonymous!
Bitcoin is a privacy risk!
Bitcoin is too slow for real world applications!
Bitcoin does not allow much more than just fake fantasy money unlike many smart dynamic blockchains!
Bitcoin is mostly owned and controlled by a hand full of people!
Bitcoin makes you suspect of illegal activities!

With few exceptions, the same can be said about fiat currencies. Wink

When I first read his post, I had to agree with him. Though I'm a bitcoin user, so I will still use it. Now your comment is also completely true. To be honest, both are true

That's true, but obviously, we can't make do with just bitcoins for the time being

and to some extent bitcoin is a great alternative to fiat putting a lot into perspective.

DonQuijote

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Yes, we'll have a good Christmas

talkbitcoin

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All I know is that I know nothing.

breakout meaning has changed for bitcoin, before it was a huge rise from $100 to $1000 but these days breakout means a slow rise as big as $20 and less than $50
the good news is that the rise happens no matter what, and i think that is better than no rise and getting stuck.

Johnyloco

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Quote from: jondeen707 on October 26, 2016, 05:00:30 AM

Quote from: kwukduck on October 25, 2016, 03:49:59 AM

Consider all the flaws in bitcoin at protocol level.

Bitcoin does not scale!
Bitcoin is not anonymous!
Bitcoin is a privacy risk!
Bitcoin is too slow for real world applications!
Bitcoin does not allow much more than just fake fantasy money unlike many smart dynamic blockchains!
Bitcoin is mostly owned and controlled by a hand full of people!
Bitcoin makes you suspect of illegal activities!

With few exceptions, the same can be said about fiat currencies. Wink

When I first read his post, I had to agree with him. Though I'm a bitcoin user, so I will still use it. Now your comment is also completely true. To be honest, both are true

Barbut

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This is good if it`s true. Bitcoin was there and after drop many of us waiting 700+ to come back again. Price is slightly increased in last week, I understand why you call that correction, it`s like collection power before jump.
We need to be patient with price, I believe in increase but maybe that increase will not come so fast. Bitcoin still have time to rise on 700 and more, we have few more months before new year, and next year, and year after. In that time price will go up for sure.

jondeen707

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Quote from: kwukduck on October 25, 2016, 03:49:59 AM

Consider all the flaws in bitcoin at protocol level.

Bitcoin does not scale!
Bitcoin is not anonymous!
Bitcoin is a privacy risk!
Bitcoin is too slow for real world applications!
Bitcoin does not allow much more than just fake fantasy money unlike many smart dynamic blockchains!
Bitcoin is mostly owned and controlled by a hand full of people!
Bitcoin makes you suspect of illegal activities!

With few exceptions, the same can be said about fiat currencies. Wink

AlexGR

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Quote from: iamnotback on October 25, 2016, 04:26:36 PM

Quote from: pereira4 on October 19, 2016, 09:19:05 AM

Classic triangle pattern forming if you look back at the last big august correction. Then we had another correction, a weaker one, and now, another weaker one. Increasingly weaker corrections with an overall uprising price: breakout incoming. Last chance for the idiots still doubting to buy to get in now or never.

r0ach or anyone, do you have any analysis you can share on the likely direction of the BTC price between now and December?

I had written in your blog last month that this looks like a pause on the way for probably all time highs, given a cpu&handle at $700. What are you seeing in your current analysis?

Personally I'm not into technical analysis, but I consider the high 700's as a possible scenario before year's end.

20kevin20

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We all hope for that price, and we'll see it until the next summer. In the winter of 2017 we'll have a big surprise, I believe we will! Just wait for it!!

iamnotback

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Quote from: pereira4 on October 19, 2016, 09:19:05 AM

Classic triangle pattern forming if you look back at the last big august correction. Then we had another correction, a weaker one, and now, another weaker one. Increasingly weaker corrections with an overall uprising price: breakout incoming. Last chance for the idiots still doubting to buy to get in now or never.

r0ach or anyone, do you have any analysis you can share on the likely direction of the BTC price between now and December?

I had written in your blog last month that this looks like a pause on the way for probably all time highs, given a cpu&handle at $700. What are you seeing in your current analysis?

Topic: Last correction before 700+ breakout (Read 4137 times)