Topic: Next boom within 3-4 months tops - page 3. (Read 5674 times)

So the bubbles cycle is finished and bitcoin is overvalued at the moment?

Nothing goes up forever.

That pattern suggests that we may not be looking at any significant gains till almost the middle of next year. I think a lot of people were hoping for a bubble this year and are overextended. So they are being forced to sell off to pay loans, make margin calls, ect. Another thing is that there is a lot of downward pressure from mining. Before the last bubble, mining was mainly a hobbyist thing and most of the bitcoins were held. Now mining farms have to sell most of their coins to stay in business.

I think it may be a long time before the next bubble. In fact, I am thinking there may be no more bubbles due to mining sale pressure. The future may just stagnate or slowly drop for a while, until the amateur speculators get out. At some point in the middle of 2015, I think we will start to see a slow but steady increase in the price of bitcoin.

Most bitcoin advocates and believers are expecting a bubble. There have been lots of bubbles and the pattern says there should be more. That is the strange thing about markets, when everybody expects a market to go one way, it goes into a different pattern.

Look at all the positive news about Bitcoin. ATMs showing up everywhere, Dubai money, new startups, lots of seed money. There has been a lot of stuff since last year. Yet the price just keeps slowly going down.

I believe in Bitcoin, but so do a lot of other people and those people pushed the market way ahead of it's fundamentals.

I don't know what the new pattern will be, but I am sure it won't be an upper staircase of bubbles.

Ah we dug up that image again. Yeah, we're now at a deeper and further point on that chart. It seems a lot of people are still holding onto this paradigm. I honestly don't know how things are going to play out this time. I guess it could go either way now!

I have seen this chart or a similar one hundreds of times, all saying that the value will recover soon... but untill now there's no sign of the rise.

its coming soon get ready folks

Ya niggaz move that dope.
Ya niggaz move that dope.

Real dope dealaz fo' real.

Yes, a next boom can happen between December - January. 

Care to put some money where your mouth is?

There will ever be a new bubble or the cycle is ended, probably most of us are hoping that we will continue upwards but nobody can predict the future.

Especially when it's people like Kireinaha who put you on ignore.  It greatly increases the probability that you won't have to deal with their (his) retarded opinion of your own well thought out, rational and logical views.  

You do realize when you put people on ignore it benefits them right? It's like if falling put people on ignore. Big fucking whoop...

maybe the 3rd time was the charm -- and planning on a 4th is a bad bet.

i've said it and i'll say it again. bubble chasing is a very dangerous (and poorly thought out) plan, if you could call it a plan.

if you invest in bitcoin based on long term fundamentals, then hold steady based on that. don't plan out the next bubble and start daydreaming of buying an island. that's only gonna hurt you psychologically, imo.

i think that everything above the previous pump, can be called a boom

All "patterns" are non-sense.

As for claiming bear trend without reason. How is that any different than what the original poster claim?

No.. his pattern is not..  This has happend 3 times already..

My prediction: you are wrong. Bear market will continue and we will be lower than 450 in 3-4 months. Aso your "pattern" is nonsense.

4-5k would be a definite boom, but I would also classify anything over the old ATH of ~$1200 as a boom.

I hope that the bitcoin arrive at least  at 2-3 k $, is a really nice project and btc is the future !  But these 2-3k $ will arrive in  6months - 1 years.