Poll: How high will this current bull run go?

Warrior B

sr. member

Activity: 329

Merit: 250

Quote from: sgbett on November 04, 2015, 01:04:18 PM

Quote from: rebuilder on November 03, 2015, 07:19:54 AM

sgbett: The 10k crowd is pretty crazy too. How would that happen "in the next few months"?

Even assuming the insane 60% / mo growth rate of the last 30 days keeps up, we'd "only" reach 10k in june. That would be an increase of about 2600%, BTW.

Every parabolic top has always made the previous one look like a speed bump. Lets take a fairly naive history repeats itself scenario:

I'm of the opinion that the ~$260 blow off top in April '13 wasn't a full move. It was just the 'first sell /off bear trap' in the move from $15 to ~$1k

This time around we go from ~$250 to ~$15-20k, with first sell off / bear trap at around $4k back down to around $1000.

Get ready for *that* ride, ought to shake down a few of us

I really like your predictions sgbett. We all hope you get it right.
However I need to ask what time frame or when do you expect BTC reaches these values?

crytoboost

hero member

Activity: 714

Merit: 500

I believe $500 will be minimum price before end of current month and will touch $600 in last week but will be stay $500 i am sure for this.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Linuld on November 10, 2015, 04:59:03 AM

Quote from: BitcoinFortune on November 10, 2015, 03:12:46 AM

The price is steady around $380 for a week now. The next short term bull run will reach $600. The actual height depends on the consolidation time.

Last few day prices are stabilizing around 380 range and it is good sign for the more stable bitcoin prices and if any good news comes in then this time we may go above 500 level for sure. But I don't think we can go to 1000 range any time soon for that bitcoins should be accepted by many mainstream businesses and it takes time.

I hold my btc and ltc myself..but yeah ...$11.5k usd...up in PROFIT....from Sept 6th ..the last time I sat down and figured out what I have on PAPER (again holding) was quite the shock!

Go baby Go! So we can sit here at these prices for a bit, don't want to be TOO greedy

(but ASIC gods I would like LTC to be a 'bit' more don't ya know ..thanks)

(er has to be ASIC Gods I still mine at least till the 2 KNC Titans go to Door Stop Status....)

Linuld

sr. member

Activity: 473

Merit: 250

Quote from: BitcoinFortune on November 10, 2015, 03:12:46 AM

The price is steady around $380 for a week now. The next short term bull run will reach $600. The actual height depends on the consolidation time.

Last few day prices are stabilizing around 380 range and it is good sign for the more stable bitcoin prices and if any good news comes in then this time we may go above 500 level for sure. But I don't think we can go to 1000 range any time soon for that bitcoins should be accepted by many mainstream businesses and it takes time.

BitcoinFortune

newbie

Activity: 28

Merit: 0

The price is steady around $380 for a week now. The next short term bull run will reach $600. The actual height depends on the consolidation time.

newcripto

hero member

Activity: 728

Merit: 500

Quote from: larry12 on November 04, 2015, 01:45:48 PM

+1

I can bet the bulls will stop aroud 500$... maybe we can see 500+ feb/march 2016”. From this moment (aroud 470-480) the price will fall to 300-350$.

I don't think we will see that much falls of price to reach in range of 300-350$.But I will do agree doe 450-470 $ in where price will be settled for some period exact how it was in 220-240 $ range almost all the year long.

larry12

full member

Activity: 221

Merit: 100

+1

I can bet the bulls will stop aroud 500$... maybe we can see 500+ feb/march 2016”. From this moment (aroud 470-480) the price will fall to 300-350$.

Hugroll

hero member

Activity: 756

Merit: 500

it seems to have peaked at $500 for today it was around 490 in the morning peaked at 500 and is currently at 470rn.
i dont think its going to go any higher than 500 this week. kinda feels like were only headed back down from here

fantoos

hero member

Activity: 784

Merit: 1000

This current bull run will stop at 2000 USD and then we will see some stability in prices for some period.Prices were very good today and then later we saw some correction in these so there will be many sessions in which price will increase gradually over the time.

MissionPhailed

hero member

Activity: 583

Merit: 503

I tend to think that a price of $10.000 and higher is unrealistic. On the other hand, I thought the same about $1.000 in the first months of 2013.

Its strange to think that 99% of the people on the streets are unaware about the current development of Bitcoin. What if only 5% of the general public would have interest in crypto? Prices could surge so much that you'd eventually can buy a car with 0,25 BTC or something.

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: rebuilder on November 03, 2015, 07:19:54 AM

sgbett: The 10k crowd is pretty crazy too. How would that happen "in the next few months"?

Even assuming the insane 60% / mo growth rate of the last 30 days keeps up, we'd "only" reach 10k in june. That would be an increase of about 2600%, BTW.

Every parabolic top has always made the previous one look like a speed bump. Lets take a fairly naive history repeats itself scenario:

I'm of the opinion that the ~$260 blow off top in April '13 wasn't a full move. It was just the 'first sell /off bear trap' in the move from $15 to ~$1k

This time around we go from ~$250 to ~$15-20k, with first sell off / bear trap at around $4k back down to around $1000.

Get ready for *that* ride, ought to shake down a few of us

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Quote from: ndnh on November 04, 2015, 12:22:15 PM

Quote from: DiamondCardz on November 04, 2015, 12:17:24 PM

..actually hold that price level as it's ridiculously high ..

IMO, you can't really say that. It is an illusion just that you see 1 entire bitcoin as 1 unit. You could see 1 mBTC or even 1 satoshi as 1 unit..

But it could of course go the other way when the whales close and reverse their position. It would happen when a bad news come out or something that makes all whales do it simultaneously..

I don't see what the divisibility of Bitcoin has to do with thinking that at a certain price it would be too expensive for its current activity.

I kind of see what you mean but I think you've missed my point a bit.

MissionPhailed

hero member

Activity: 583

Merit: 503

My guesstimate would be a hight of around $750, reached this month. Bitcoin has picked up real momentum although massive panic sells may occur. I think crypto will 'act' much more volatile for the time being than we've seen throughout 2015.

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Quote from: DiamondCardz on November 04, 2015, 12:17:24 PM

..actually hold that price level as it's ridiculously high ..

IMO, you can't really say that. It is an illusion just that you see 1 entire bitcoin as 1 unit. You could see 1 mBTC or even 1 satoshi as 1 unit..

But it could of course go the other way when the whales close and reverse their position. It would happen when a bad news come out or something that makes all whales do it simultaneously..

DiamondCardz

legendary

Activity: 1134

Merit: 1118

To be honest I think we could hit anywhere from $1000-2000 in this bull run, though you can never tell. Of course, I sincerely doubt that we can actually hold that price level as it's ridiculously high and it would definitely indicate a bubble of some sort which would probably burst quite quick.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

I vote for about $700-750 for 2015. Then there could be a flash crash, but it's possible that later in 2016 the rally can continue to new all time highs.

erre

legendary

Activity: 1680

Merit: 1205

Quote

Looks like 40% of the pool was already proven wrong

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

One question, why is $10,000 the highest? Grin

Quote from: Alley on November 04, 2015, 12:09:22 PM

Quote from: BitcoinFortune on November 04, 2015, 11:11:34 AM

Quote from: frank0929 on November 04, 2015, 06:11:45 AM

My guess is 10.000$ all time high before block halving.

Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!

$10k is only possible after 2020 block halving. At that time, the block halving is not as important as the block reward is relatively small. With 17 million bitcoin, $10 price increase means $170M market capitalization increase.

I agree. Selling pressure would be too high with miners dumping 1800 coins after the halving at 10k per coin. That's 18 million per day in new cash to sustain a 10k coin after the halving.

Miners won't sell much if they think price is going up.

Alley

legendary

Activity: 910

Merit: 1000

Quote from: BitcoinFortune on November 04, 2015, 11:11:34 AM

Quote from: frank0929 on November 04, 2015, 06:11:45 AM

My guess is 10.000$ all time high before block halving.

Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!

$10k is only possible after 2020 block halving. At that time, the block halving is not as important as the block reward is relatively small. With 17 million bitcoin, $10 price increase means $170M market capitalization increase.

I agree. Selling pressure would be too high with miners dumping 1800 coins after the halving at 10k per coin. That's 18 million per day in new cash to sustain a 10k coin after the halving.

~Bitcoin~

legendary

Activity: 994

Merit: 1000

I have voted for 1000$ mark which seems reasonable as bitcoin has already hit that point in past. But it can even go higher as the past chinese trader are now on their way to buy more and more bitcoin.

Topic: Poll: How high will this current bull run go? (Read 5611 times)