Last correction before 700+ breakout - page 3.

maku

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Quote from: Herbert2020 on October 20, 2016, 02:17:26 AM

there are some potential news on the way in the very near future that can change the way market is to kick start the new breakout to above $700.
and in my opinion the two most important (most hyped) events are the US president and also obviously the block size debate.

Only blocksize debate matters, albeit not as much as you might think.
US presidential election is insignificant event - bitcoin or regulating cryptocurrency in general is not priority for both Clinton or Trump.
People were saying that in case of Brexit bitcoin price will skyrocket, it didn't happen.

uki

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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.

Denker

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Quote from: romero121 on October 22, 2016, 03:25:54 AM

Quote from: Dux2K on October 22, 2016, 02:26:39 AM

Quote from: Oilacris on October 21, 2016, 11:27:40 PM

Quote from: wuvdoll on October 21, 2016, 12:41:07 PM

Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Of course there should be hope for rise of the price. the two remaining months are months characterized with lots of purchases. So, many people will be buying lots of bitcoin for purchases which will increase the demand and consequently the price that everyone here is hoping to see. I think what i said is making sense, right ?

All bitcoin users are hoping for the price increase of bitcoin because as we all know that we would really benefited on that event that would happen but we cant still make sure that it would reach price point because adoption is the main reason. If adoption would arises then for sure price would move up.

little over 700 will be price maybe I'm wrong on this but to much pressure is on 650 price if this can be breakerI will say that 750 will be next one
But still it 2 long months till end of this year

Over a long time users were expecting to experience the break out of bitcoin price over $700. Now in the ongoing fluctuations we can see the price to be around $650 in a short time. Possibly to experience $700, we need to wait with patience till the year end.

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!!

uki

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Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

I agree with 1Referee. There is no need to cry that the price isn't pumping again. Bitcoin is all about waiting and that is much harder than initially seems. That is one thing. The other thing is that we currently don't have much fundamentals to support a bigger rise. That means that the only option is a pump based rise, and this is almost impossible to predict when it can start. You will only know that once the things are going.

romero121

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Quote from: Dux2K on October 22, 2016, 02:26:39 AM

Quote from: Oilacris on October 21, 2016, 11:27:40 PM

Quote from: wuvdoll on October 21, 2016, 12:41:07 PM

Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Of course there should be hope for rise of the price. the two remaining months are months characterized with lots of purchases. So, many people will be buying lots of bitcoin for purchases which will increase the demand and consequently the price that everyone here is hoping to see. I think what i said is making sense, right ?

All bitcoin users are hoping for the price increase of bitcoin because as we all know that we would really benefited on that event that would happen but we cant still make sure that it would reach price point because adoption is the main reason. If adoption would arises then for sure price would move up.

little over 700 will be price maybe I'm wrong on this but to much pressure is on 650 price if this can be breakerI will say that 750 will be next one
But still it 2 long months till end of this year

Over a long time users were expecting to experience the break out of bitcoin price over $700. Now in the ongoing fluctuations we can see the price to be around $650 in a short time. Possibly to experience $700, we need to wait with patience till the year end.

pooya87

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Quote from: 1Referee on October 22, 2016, 02:41:10 AM

~~
People buying themselves a position into Bitcoin can indeed lead to a higher price, so in that regard it makes sense. But don't forget that this market is being controlled by certain groups of very wealthy (mostly Chinese) traders, with high stakes in the mining industry. Even if the price doesn't go up by legit demand as in more people buying Bitcoin, these traders will make sure the price remains on a certain (profitable) level for them. In that aspect, not everything is always what it seems to be. Wink

if bitcoin price wants to go down. it will go down and there is nothing any whale or whales can do about it. in other words there should be real demand to keep the price up. and yes these whales can do some manipulation to prevent panic selling temporarily the same way they can create panic sells temporarily but they keyword here is "temporarily".
and the fact that price stayed up and rising slowly shows that there is real demand for it.

1Referee

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Quote from: bamboylee on October 20, 2016, 11:26:49 PM

Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Just be patient. Bitcoin will break thru 700 and above in a few months. THere are a lot of good things going on on bitcoin right now. It is sure to break 700 and maybe 800 within this year or early next year. If bitcoin ETF push thru, the price might even get higher than that.

I have a lot patience. From all the good things (according to you) going on with Bitcoin, list me the most important ones. Also, are you talking about the Winklevoss ETF? If so, then I think we might be up for at least another year of waiting before it gets approved (if it gets approved at all).

Quote from: wuvdoll on October 21, 2016, 12:41:07 PM

Of course there should be hope for rise of the price. the two remaining months are months characterized with lots of purchases. So, many people will be buying lots of bitcoin for purchases which will increase the demand and consequently the price that everyone here is hoping to see. I think what i said is making sense, right ?

People buying themselves a position into Bitcoin can indeed lead to a higher price, so in that regard it makes sense. But don't forget that this market is being controlled by certain groups of very wealthy (mostly Chinese) traders, with high stakes in the mining industry. Even if the price doesn't go up by legit demand as in more people buying Bitcoin, these traders will make sure the price remains on a certain (profitable) level for them. In that aspect, not everything is always what it seems to be. Wink

Dux2K

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Quote from: Oilacris on October 21, 2016, 11:27:40 PM

Quote from: wuvdoll on October 21, 2016, 12:41:07 PM

Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Of course there should be hope for rise of the price. the two remaining months are months characterized with lots of purchases. So, many people will be buying lots of bitcoin for purchases which will increase the demand and consequently the price that everyone here is hoping to see. I think what i said is making sense, right ?

All bitcoin users are hoping for the price increase of bitcoin because as we all know that we would really benefited on that event that would happen but we cant still make sure that it would reach price point because adoption is the main reason. If adoption would arises then for sure price would move up.

little over 700 will be price maybe I'm wrong on this but to much pressure is on 650 price if this can be breakerI will say that 750 will be next one
But still it 2 long months till end of this year

Oilacris

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Quote from: wuvdoll on October 21, 2016, 12:41:07 PM

Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Of course there should be hope for rise of the price. the two remaining months are months characterized with lots of purchases. So, many people will be buying lots of bitcoin for purchases which will increase the demand and consequently the price that everyone here is hoping to see. I think what i said is making sense, right ?

All bitcoin users are hoping for the price increase of bitcoin because as we all know that we would really benefited on that event that would happen but we cant still make sure that it would reach price point because adoption is the main reason. If adoption would arises then for sure price would move up.

wuvdoll

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Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Of course there should be hope for rise of the price. the two remaining months are months characterized with lots of purchases. So, many people will be buying lots of bitcoin for purchases which will increase the demand and consequently the price that everyone here is hoping to see. I think what i said is making sense, right ?

Catmony

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Price this year been quite fluctuating due to bitfinex hack lossing thousands of bitcoin however it is nice to see price is moving towards before hack time price already and if $700 is crossed in next pump we will be again before bitfinex hack price range. Grin

$700 is comming...

satdas

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Quote from: andyste on October 20, 2016, 05:12:41 PM

Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

i think in this year bitcoin incraese price until 700 dollar every one bitcoin is easy
my prediction bitcoin can inrcrease until reach in 800 dollar every one bitcoin in end year 2016

yes no doubt that bitcoin price will increase more that 1000 USD at the end of 2016, but above 700$ bitcoin can take a little correction and the price will come down a little but it will be temporary down fall. and after this price of bitcoin is gong to cross 800 USD.

Doms

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Let's hope that what you are reading from the charts come true. There's always the possibility of another pullback, however temporary, because of news or other events that take place. $700 isn't too far or too high to reach even before the year ends. Anything higher than that by December is already a big bonus considering how the price started this 2016.

Leonard2016

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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.

this is more like the last chances to buy bitcoin cheap since i have been seeing the same scenario taking place before too, multiple times.
this time it is the $700 turn to make us wait for it and then come suddenly when everybody is tired.

bamboylee

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Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Just be patient. Bitcoin will break thru 700 and above in a few months. THere are a lot of good things going on on bitcoin right now. It is sure to break 700 and maybe 800 within this year or early next year. If bitcoin ETF push thru, the price might even get higher than that.

andyste

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Quote from: 1Referee on October 20, 2016, 04:07:33 AM

Quote from: lexuz on October 20, 2016, 02:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

i think in this year bitcoin incraese price until 700 dollar every one bitcoin is easy
my prediction bitcoin can inrcrease until reach in 800 dollar every one bitcoin in end year 2016

LFC_Bitcoin

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Quote from: SONG GEET on October 20, 2016, 04:15:44 AM

I think this price correction already got its buttom yesterday at around $625 so i am tightening my belts for another big pump. Grin

I hope so, the whole forum is very quiet lately, I hope that isn't a reflection of things to come with regards to price etc. There just doesn't seem to be much excitement around at the moment.

Are people losing interest?

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Quote from: Denker on October 20, 2016, 04:42:03 AM

It could have been the last correction before another rise.
But we don't know.And I don't care to be honest.
Bitcoin will rise sooner or later.Probably when no one really expect it to happen.The fundamentals are looking really good.
SegWit is close.Lightning winter release is within reach!
What happens short term, up or down, doesn' really bother me.

Well I agree that we don't know what will happen after the correction. It is possible that after the correction another bigger correction will happen. It might be bitcoin price to fall down to 500+ USD or maybe a correction that will push bitcoin price to higher value. And since it is yet to happen we are all here sitting and watching while speculating what will happen next.

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Quote from: RoommateAgreement on October 20, 2016, 07:27:53 AM

the 700$ breakout and even more prices will soon come and like it or not this is a fact that will happen. so it is better to get ready for the rise before it happens.

because it ha been proven that we will always see some people crying after the rise about "is this the right time to buy" so buy now and don't ask this question after the rise.

in most cases that the thing
I don't expect not tight now for price to go up anytime soon at least not this month
maybe in December we might see price over 700

RoommateAgreement

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Bazinga!

the 700$ breakout and even more prices will soon come and like it or not this is a fact that will happen. so it is better to get ready for the rise before it happens.

because it ha been proven that we will always see some people crying after the rise about "is this the right time to buy" so buy now and don't ask this question after the rise.

Topic: Last correction before 700+ breakout - page 3. (Read 4131 times)