I agree, I d like BTC to stabilize just above 300 and stay in that range for about a month or two.
We have already seen how rapid pumps work, there s always a dump after it.
Topic: Recent BTC price increase is a sing of a trend or not? (Read 1300 times)
One step at a time. Bitstamp price is above 200 week SMA on weekly chart which is usual TA definition of a bull market:
300 is a significant barrier of course. If 300 is taken out on convincing volume and chart action shows 300 level has become support that is one more confirmation of a bull market in progress. There is also a good chance we could remain in a 200-300 trading range. We all hope not of course:) Except the permabears.
300 is a significant barrier of course. If 300 is taken out on convincing volume and chart action shows 300 level has become support that is one more confirmation of a bull market in progress. There is also a good chance we could remain in a 200-300 trading range. We all hope not of course:) Except the permabears.
Hey guys,
I know most of us expect to see BTC price going up mid next year due to block halving. Personally, I ve been expecting this to take place February of March 2016 and then continue well after the halving.
However, we can see that BTC price has started slowly increasing since mid September 2015.
Is this the beginning of a new trend? Will we see another price spike or just a gradual price increase? Maybe nothing is going to change at all but common logic suggests that the price goes up if the demand stays constant and supply halves, which WILL happen.
What do you think?
I know most of us expect to see BTC price going up mid next year due to block halving. Personally, I ve been expecting this to take place February of March 2016 and then continue well after the halving.
However, we can see that BTC price has started slowly increasing since mid September 2015.
Is this the beginning of a new trend? Will we see another price spike or just a gradual price increase? Maybe nothing is going to change at all but common logic suggests that the price goes up if the demand stays constant and supply halves, which WILL happen.
What do you think?
The thing is that with Bitcoin you never know, but it surely seems like what you described is happening. Now nobody can say anything for sure. We will see everything in the upcoming weeks.
$300 is a big psychological level for many. Much could be concluded from the way we will brake or deal with this $300 mark. If we would shoot past $300 and went on to $320 while holding up there for a moment then I would surely say that this is a beginning of a new trend.
Hey guys,
I know most of us expect to see BTC price going up mid next year due to block halving. Personally, I ve been expecting this to take place February of March 2016 and then continue well after the halving.
However, we can see that BTC price has started slowly increasing since mid September 2015.
Is this the beginning of a new trend? Will we see another price spike or just a gradual price increase? Maybe nothing is going to change at all but common logic suggests that the price goes up if the demand stays constant and supply halves, which WILL happen.
What do you think?
I know most of us expect to see BTC price going up mid next year due to block halving. Personally, I ve been expecting this to take place February of March 2016 and then continue well after the halving.
However, we can see that BTC price has started slowly increasing since mid September 2015.
Is this the beginning of a new trend? Will we see another price spike or just a gradual price increase? Maybe nothing is going to change at all but common logic suggests that the price goes up if the demand stays constant and supply halves, which WILL happen.
What do you think?
I thought all the other rallies were the start of the big up-trend, so if I tell you this is another false alarm, then we might finally get the real thing.
it's called the halving trend. i do hope it won't end after the block halving. the support at levels as $400 will be much stronger due to less supply.
No one knows for sure. Basic concept is, if demand remains high on the halving of mineable coins, proce would appreciate. Next week, if we remained green or didn't go down, we could probably test the price on higher levels to see where this baby would take us.
Within this year we have seen that there is massive support around 210$ and it feels like btc wont drop below 200 even on a retest.
I think that's the main reason for the price increase. People are more confident now to hold bitcoin as store of value. Imo thats why there is more demand.
I think that's the main reason for the price increase. People are more confident now to hold bitcoin as store of value. Imo thats why there is more demand.
Well if you consider that the prior price spike to over $1000 USD was imo a product of careful manipulation and blind speculation I think the price of btc now vs. other old type money is driven by legit supply and demand and less speculation.
As long as the supply and reward parameters remain intact with bitcoin and no other major 'closed source' changes are put in play over a very long period of time I would expect bitcoin to continue to rise in value. If the supply of btc is fixed and the 'exchange' rates to other forms of value like Euros , Dollars, Yen ect (which will continue over time to increase their supply to infinity) it is very likely in a market free of manipulation btc will over the long term always rise in 'value' proportional to these others.
Still there are no guarantees ....
As long as the supply and reward parameters remain intact with bitcoin and no other major 'closed source' changes are put in play over a very long period of time I would expect bitcoin to continue to rise in value. If the supply of btc is fixed and the 'exchange' rates to other forms of value like Euros , Dollars, Yen ect (which will continue over time to increase their supply to infinity) it is very likely in a market free of manipulation btc will over the long term always rise in 'value' proportional to these others.
Still there are no guarantees ....
Could it be that we are finally experiencing some organic growth in the Bitcoin userbase after a year of stagnancy and pessimist investors getting out of BTC?
Could be organic growth, but I think the current rate is still a tad bit too high to be sustained and call it "organic growth". Could be seen as a market correction due to BTC being generally undervalued, though. At least that's what I believe the price is doing - being corrected to around $300.
it's called the halving trend. i do hope it won't end after the block halving. the support at levels as $400 will be much stronger due to less supply.
Could it be that we are finally experiencing some organic growth in the Bitcoin userbase after a year of stagnancy and pessimist investors getting out of BTC?
As we all know, China moves the market now and this is why I am reluctant to support my own theory 100%. We all know these guys dont really care about market trends, with China it s pump and dump most of the time.
That being said, I see no reason why BTC would not follow LTC halving pattern, even go way above that. After all BTC s much more present in media and this is what creates fuzz and price snowballs.
That being said, I see no reason why BTC would not follow LTC halving pattern, even go way above that. After all BTC s much more present in media and this is what creates fuzz and price snowballs.
If we finish the next week in green on the weekly charts then we haven't been in green for so many weeks in a row since the last bubble.
I think the price will gradually increase until the $300 mark until beginning of next year and upon the halving to go around $350 and not further at least for now but again we can't be sure for a fact as a lot of complications could directly affect the price value of BTCitcoin
as you, i was expecting that he price go up around may 2016, more or less, it surprise me that the price is going up now because of the halving ( well assuming that this is the cause ), but if this is the cause, maybe we can start to think that bitcoin price will grow up more than expected 
this is not the cause for sure, there is still a long way to go for the halving, it must be because of europe vat free thing and other minor stuff like that
for every good news manipulator, try to suck noob investors in their playing
For me, I don't consider it a trend yet, but it is somehow similar to what happened in 2012 up to ath at 2013. Also, I don't want to see another bubble forming again and pop right into our faces. Just like what DiamondCardz said, this time we need to make it more sustainable.
-snip-Another thing we would have to consider is what influence the upcoming coin auction the government is doing... I personally don't see how this will be a negative influence in the price, but a lot of people are worried about a full out dump after or below it... so I guess it's nice to speculate on that too.
I never really see significant price changes during the past auctions because I think, the winning bidders keep the coins as-is and not dump directly. But you are right on that, as people tend to think that a large amount of coins is going to be dumped at once after an auction, which seems to be false so far.
For me, I don't consider it a trend yet, but it is somehow similar to what happened in 2012 up to ath at 2013. Also, I don't want to see another bubble forming again and pop right into our faces. Just like what DiamondCardz said, this time we need to make it more sustainable.
Well, I believe if all the exchange sites supplying the bitcoins to people remain legit and don't pull a Gox move then we will be fine.. The thing is, is that the more people see the prices moving up, I believe, will create panic buys. This is especially true when regarding if the price spikes up like $100 at any given time.
Another thing we would have to consider is what influence the upcoming coin auction the government is doing... I personally don't see how this will be a negative influence in the price, but a lot of people are worried about a full out dump after or below it... so I guess it's nice to speculate on that too.
Please move your thread in the Speculation section. Anyone who answers here will be speculating and most will not be using any indicators either.
lauda for global mod 2015
And remember last time that happened and we went up to $1000?
Yes. Unsustainable increases are bad and unneeded. I just feel sorry for whoever bought right on the peak above $1000 as they thought it was going to keep rising.
Poor soul.
bla bla bla
another post asking why the price has moved 10%..
give it time and the question will be asked why it moves in the other direction..
in short my answer is
.. the price moves.. it goes up, it goes down. it can be stagnant it can be volitile..
its how trading goes..
another post asking why the price has moved 10%..
give it time and the question will be asked why it moves in the other direction..
in short my answer is
.. the price moves.. it goes up, it goes down. it can be stagnant it can be volitile..
its how trading goes..
For me, I don't consider it a trend yet, but it is somehow similar to what happened in 2012 up to ath at 2013. Also, I don't want to see another bubble forming again and pop right into our faces. Just like what DiamondCardz said, this time we need to make it more sustainable.
Please move your thread in the Speculation section. Anyone who answers here will be speculating and most will not be using any indicators either. Obviously everyone is hoping that the price increase continues. It would be good if the price would stabilize at ~ $300, however that might be a bit too soon. There's some increasing demand at the moment.
Update:
And remember last time that happened and we went up to $1000?
Yes. Unsustainable increases are bad and unneeded. Update:
lauda for global mod 2015
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