Topic: Looks to me $150 usd to BTC possible? market curve bubble chart (see below) (Read 2534 times)

yep. "Bear Rally" and now down.

It can always drop down to below 150$, and the only reason is that holding does no good, but using it does. Bitcoin is a technology that has an application, and holding really doesn't make much sense.

More cockeyed optimism from the new wealthy elite this morning? Nope

Yes, but it seems like any "holder" still holding has told themselves they will see $1000 prices again.  I think they are slowly realizing that only happened becasue of fraud at Gox, and are slowly getting out while they can get something for their btc.

It is used so often because it represents the Bitcoin price movement.  Bitcoin price speculation is the subject of this forum.
Please continue to rely on, and brag about, your short attention span--I'm not here to teach those who prize ignorance.

was expecting some serious analysis.

After all, after we broke into 300's, everything is possible.

But I stopped the reading when I reached your graph. It is the most overused picture in the known universe

I suspect most BTC hodlers are lacking such basic info.
Better late than never tho, glad to help.

If Dilma wouldn't have been reelected, then maybe she would have (at the advice of JorgeStolfi) put some of her kickbacks
into bitcoin (to hide them from the investigators) and stopped the decline, but unfortunately she was reelected.

I've never seen that graph before in my life, saved.

If you follow the dotted line we are around $320 along that line right now.

It might have something to do with this:

We're still in the "first sell off" part.

It's funny how bitcoin is in a constant state of crashing (according to the media). If you only read mainstream headlines about bitcoin, you'd think the price was deep in negative territory by now!

yeah I know...just that it seems to be following a pattern...to me anyway in the sense that when I started mining Oct 18th 2013
I think btc was exactly $150 usd...so I figured it was a nice little hobby and maybe with the 'expected at that time' gradual difficulty
curve upward in say 7 months or so I could pay off my miner and 'gasp' perhaps even go along an pay house utils with the miner for a few
months after!

Then of course all "heck" broke loose and BTC went to 1164 or some such high in dec or something and now it is a year later and the
chart you see before you .that seems to pretty much show the somewhat ..shall we say.....'too soon' exuberance of Bitcoin





so that leaves us with the question 'flash in the pan' 'fad' what the critics say using this chart

or

just setting up for another cycle (crosses finger) of boom then perhaps another bust

but again from 'my perspective' from last oct 18th 2013 ...seems to me it started at $150 USD and IF I MEAN IF the above chart
has any meaning ...seems destined to try to hit that so called 'mean' of $150 usd yet again

my only hope that this is a cycle of boom/bust rather then 'dead cat bounce to oblivion" is that BTC has LEGITIMATE use espeically
overseas...I know guys from chat in Ukraine that are 'frigging thrilled' to be able to get their assets out of Crimea when Russia took over

so that is the hope....but yeah that chart above definitely gives me 'pucker problems' on holding coin ..I am doing so (52 coin) but
balls to the wall ...it is tough don't ya know

my other fear is that if btc goes down to around $150 there will be a whole nother round of FUD by the press etc on how it is a failure
hard to get the public involved when imho you get those kinda over reactions as well

anyway again the chart is just out there ..perhaps due to my paranoid fears..but the trendline again imho is daunting

(of course dead cat bounce trendline is worse)


below chart is what I HOPE is going on with bitcoin a boom/bust (if everything is gonna be erratic with BTC I'd prefer it so in BOTH directions up and down)




guess a person really won't know till sometime in 2015 when this all plays out..either at lower $$$ or higher $$$ for BTC ....

anyway holding ...but no frigging idea if that is a brilliant strategy or not? Time will tell I guess...

then again maybe the below link is the KEY!

http://www.ask8ball.net/



  

You'll find a lot more that say "why it's not" but whatever...
Good luck!  

That is just a typical bubble burst. There is nothing forcing it to follow that exactly. It may, but it may not.
The reason for my original comment was that this image has been posted here countless times over the last 3+ years and many people don't like to see it. Denial? 

I don't see any reason for the price of Bitcoin to stop dropping  ...even down to the $150 usd or so mark my somewhat 'lame' reasoning below....

assuming that bitcoin is actually following this type of action below (note: edit diff chart...scary thou it is)




again if the above is correct and this bubble (if I remember correctly) started last Oct 2013 (I got my knc Jupiter 550gh on Oct 18th 2013 when  BTC was $150 usd)

then again if the above chart has any merit...it will go BACK to about $150 usd ...before HOPEFULLY it rebounds or not (ie dead cat bounce and such) to another bubble?

right now ...it looks to me like it is following the above down the line...so imho (not that I know squat) $150 usd looks possible before it either dead cat bounces to oblivion

or starts upward again ....into another bubble (I'm holding hope this is the senario...but lately with bitcoin prices dropping adding to my stress/pucker issues)

HOPEFULLY $150 usd would light a fire under everyone and BTC would rebound ...maybe even likely into a bubble again....(hey a person can hope)

anyway comments on why/how this is following such a chart above and what you think the likely outcome will be rebound or dead cat bounce

or hell maybe there is actually NO way to tell at this point ...but again imho the above chart is 'daunting' to say the least!