And so we reach the end of this chapter in the life of Bitcoin and the results are out:
First we got a dump, a small pump, then another dump. So it seems the dumps have it. In the process Bitcoin lost approximately $1 of its value. It would be safe to conclude over the period of this chapter that the market was still bearish.
Stay tuned for the next exciting episode of Bitcoin.
Topic: Next chapter in the life of Bitcoin? (Read 2928 times)
My vote is it will be worth 100USD per BTC before XMass, and then the upward speed will start to stabilize.
Why? Because believing in that reality makes me happy, that's why.
Why? Because believing in that reality makes me happy, that's why.
And what exactly do you think will cause this huge demand for bitcoins in the next 4 months? As for my prediction, Bitcoins will continue to sputter along, slowly dropping in price, maybe stabilizing at ~4-5 dollars by being bought out by naive nerds who think they are "getting in early".
My vote is it will be worth 100USD per BTC before XMass, and then the upward speed will start to stabilize.
Why? Because believing in that reality makes me happy, that's why.
Why? Because believing in that reality makes me happy, that's why.
The forecast is cloudy, with a chance of doom.
but check out the pumpers, clawing their way back
Yea Im betting (literally) its the sellers buying smaller amounts back at a higher price to try and generate support. When the rally fails they dump again.
Very good point. as it crawls back up again. lol
Yea well makes sense. Who better to start a rally than the high rollers with the coin
but check out the pumpers, clawing their way back
Yea Im betting (literally) its the sellers buying smaller amounts back at a higher price to try and generate support. When the rally fails they dump again.
Very good point. as it crawls back up again. lol
but check out the pumpers, clawing their way back
Yea Im betting (literally) its the sellers buying smaller amounts back at a higher price to try and generate support. When the rally fails they dump again.
but check out the pumpers, clawing their way back
And there she goes..finally we get our DUMP!!!!!!!!!!!
HOME RUN
HOME RUN
The view from my window shows the dumpers with a very slight edge, but the pumpers are holding in there rather well. Wonder who's gonna run out of gas first?
So it seems since the poll closed the first major move has in fact been a bit of a pump - yet the majority of voters predicted a dump would occur before a pump &/or that there would be a dump without a pump. Yet still we have no DUMP?? Weeeeeelllllll...stay tuned for the next exciting episode of Bitcoin!
Ok the poll's closed and it looks like the mood is still slightly bearish.
The general consensus is that a pump will be the next chapter in the life of Bitcoin with a good proportion of voters expecting a dump shortly after. However a good proportion of voters are leaning towards a possible dump without the pump also, so I guess we can safely conclude that the next chapter of Bitcoin will include a dump in one form or another.
Let the games begin!
The general consensus is that a pump will be the next chapter in the life of Bitcoin with a good proportion of voters expecting a dump shortly after. However a good proportion of voters are leaning towards a possible dump without the pump also, so I guess we can safely conclude that the next chapter of Bitcoin will include a dump in one form or another.
Let the games begin!
My guess is a slow jagged slide downwards until 1) the thieves have chashed out fully and 2) lots more vendors come onboard.
Not to be nit picky, but you're talking about Bitcoin exchanges, not Bitcoin itself. But to answer your question, I think we'll settle on a fairly stable rate of around $8 more or less, and we'll see slow organic growth from here on out that continues the curve we saw in May before everything went ape shit.
I do not think "slow organic growth" is possible with bitcoins at this stage. Price seeking will always go in a seesaw pattern, with rapid jumps up and selloffs followed by a slow slide down. As long as any large investor will cause a +50% growth, it will always follow this pattern - large money buys, then smaller profit seekers sell, then value slowly moves down on miners selling. If there are many investors, this cycle repeats before the price reaches previous lows, thus on average moving up. But never slowly growing, not possible here yet
Good poll. The best thing about this poll so far is that it shows that there is a good likelihood that nobody knows what the hell they're talking about.
Lesson? USE THE CHARTS AND THE DATA to navigate the market. Don't listen to the "buy buy buys" and the "sell sell sells."
Lesson? USE THE CHARTS AND THE DATA to navigate the market. Don't listen to the "buy buy buys" and the "sell sell sells."
Not to be nit picky, but you're talking about Bitcoin exchanges, not Bitcoin itself. But to answer your question, I think we'll settle on a fairly stable rate of around $8 more or less, and we'll see slow organic growth from here on out that continues the curve we saw in May before everything went ape shit.
I used to think that it will continue the long slow slide until autumn - but then I was reminded about the conference next week. There will be lots of media. It looks like it is not yet widely advertised here at this forum - but I am sure that the price will start going up even before the event.
I think it'll be a dump and pump. 
If people fit straight lines onto log-scale price charts, the following crash doesn't usually involve soft landings.
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