Long-term discussion on Bitcoin's price trend - page 2.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: RyNinDaCleM on January 31, 2015, 01:18:25 PM

Are charts ok?
What if I said we are looking at another year of bear? Cheesy

<- that's nervous laughing not happiness.
https://i.imgur.com/fAt3XlZ.png

This is just something I was working on last night. There is no real confirmation of this idea yet, but recent price action suggests this as a real possibility.
One thing to note, the final zigzag down is not a measured move so that double digit bottom is not for prediction's sake. It is just to show direction and possible duration if this were to come to fruition.

that target fit into this fibo

Quote from: myself on December 21, 2013, 01:35:30 PM

i made something in log(logarithmic) scale so some of you can think/ponder about it and other to flame about it

info to read if you need to http://www.investopedia.com/terms/f/fibonacciretracement.asp

have a nice day

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Are charts ok?
What if I said we are looking at another year of bear? Cheesy

<- that's nervous laughing not happiness.

This is just something I was working on last night. There is no real confirmation of this idea yet, but recent price action suggests this as a real possibility.
One thing to note, the final zigzag down is not a measured move so that double digit bottom is not for prediction's sake. It is just to show direction and possible duration if this were to come to fruition.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: Fabrizio89 on January 31, 2015, 01:07:01 PM

This bear market may be still a long way before it's over, I'm not saying ten years, but definetely another year or a bit more is definitely possible. When the halving will come, a good sell pressure will be released from the market and at that point so much opportunities and infrastructure will be available.

I don't think miners are much of a factor in sell pressure. If they're well organised enough sales will be on the OTC market.

The sell pressure is dumpers looking for short term profits. I'm not so sure that'll be going away any time soon.

Fabrizio89

hero member

Activity: 924

Merit: 1000

This bear market may be still a long way before it's over, I'm not saying ten years, but definetely another year or a bit more is definitely possible. When the halving will come, a good sell pressure will be released from the market and at that point so much opportunities and infrastructure will be available.

Q7

sr. member

Activity: 448

Merit: 250

Current level looks to be stable for now and from here, anything is still possible. It's so difficult to predict on short-term scale because there are so many factors that comes in place here. Look at long term. I believe anywhere near the 800 range is achievable in 2-3 years time period given the progress the coins have made. Talk about progress, where is paypal integration???

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Bitcoin just needs a push. Once it crosses the barrier, to say $400 decently, it can only go up and up for a few months.

I personally expect the bull run to begin in under 7 days. Till then it will just go sideways, the straight up, little down and then a lot up..

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: knight on January 31, 2015, 01:50:13 AM

I invite anyone to join a long-term topic on how you think bitcoin is going to behave. You can speculate, smart guess, comment on any timeframe you want, from hours to years (short, medium and longterm). You can also post comments on things (news, developments etc) that you think affect price, either up or down.

So far, we are seeing the first cryptocurrency in it's most prolonged bear market ever. Price declined steadily for last 14 months and no sign of recovery yet. Even if we had some pump-and-dumps along the way, we're still at 220 USD.

My sincere thought is that we'll see mind-blowing lows (I won't give any target because that's pretty much impossible) and afterward the market will recover fast, so fast it will be prime time news.

Not a bad idea for a topic, but not like that.

You don't need to specify exact targets, but with vagueness like 'mind-blowing lows' over a non-specified time frame, you can always claim you're right.

An interesting idea for a game, a bit like dnaleor's trading game, but on a longer horizon, would be something along the lines of each participant entering some key market facts he/she believes will take place, like:

Within the next 90 days, the highest price (as per Bitfinex) will be X.
Within the next 90 days, the lowest price (as per Bitfinex) will be Y.
The 90 day VWMA on Bitfinex in 90 days from now will be Z.

That'd be an interesting exercise, imo. Still means you can be right even if you don't hit the exact target, but it does also force you to commit to one scenario that can be evaluated against other posters' predictions at the end of the period.

cbeast

donator

Activity: 1736

Merit: 1010

Let's talk governance, lipstick, and pigs.

Quote from: ?? on ??

and your mass adoption is where?? in a circle jerk of speculators?

Is that your porn fetish? You might want to pay for it with Bitcoin so nobody sees it on your credit card bill.

innocent93

legendary

Activity: 896

Merit: 1000

I would say the general trend is DOWN, this is what happened in last year, from $1,000 to $ 200, But we don't know whether $200 is the bottom or not.

rm1023

newbie

Activity: 17

Merit: 0

Quote from: ?? on ??

and your mass adoption is where?? in a circle jerk of speculators?

Coinbase Exchange and Gemini should lead to another speculative round of adoption in the next year.

rm1023

newbie

Activity: 17

Merit: 0

I would say 450+ this time next year. Good time to buy. After seeing the volume when it dropped blow 200, I could care less about the short term drops. This really is a good time to buy, in my opinion.

knight

newbie

Activity: 22

Merit: 0

I invite anyone to join a long-term topic on how you think bitcoin is going to behave. You can speculate, smart guess, comment on any timeframe you want, from hours to years (short, medium and longterm). You can also post comments on things (news, developments etc) that you think affect price, either up or down.

So far, we are seeing the first cryptocurrency in it's most prolonged bear market ever. Price declined steadily for last 14 months and no sign of recovery yet. Even if we had some pump-and-dumps along the way, we're still at 220 USD.

My sincere thought is that we'll see mind-blowing lows (I won't give any target because that's pretty much impossible) and afterward the market will recover fast, so fast it will be prime time news.

Topic: Long-term discussion on Bitcoin's price trend - page 2. (Read 3970 times)