Price is going up and down 10-50% day by day, this is beyond eventful..
I think I'm going to overdose on popcorn
Can't even sleep
Topic: September and October will be eventful. (Read 10402 times)
OP delivered 
Vladimir, what is the next eventful period?
We are on the verge of panic buying and seller strikes. ....
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
I think you may be underestimating where the price could go this fall.
I have been in NYC the past two weeks working on several very significant Bitcoin related projects. I think there is a possibility we could see a major price melt-up based on fundamentals to $1,000+, perhaps even $5,000+ and then a crash if the markets get particularly unruly, bitcoins over the next 6 months.
when i read this i thought "no way...", but u were right
We are on the verge of panic buying and seller strikes. Once price breaks 170$, which could be next week, the bulls will go berserk and all those who hoped to buy once it crashes will surrender and buy back at loss.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
and here we find ourselves more than 60% above the pre September levels
told ya so
... meanwhile loads of smallish hippos are incoming and will try to buy their fractions of bitcoins. November and December will be eventful too ;-)
In the past Decemeber has flatlined, perhaps because people pull money out for travel, Christmas/Hanukkah gifts etc. I was thinking that would happen this year as well but perhaps it would be best not to bank on that?
I tend to buy bitcoin (in Casascius coin form) around the holidays to give away as gifts.
We are on the verge of panic buying and seller strikes. Once price breaks 170$, which could be next week, the bulls will go berserk and all those who hoped to buy once it crashes will surrender and buy back at loss.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
and here we find ourselves more than 60% above the pre September levels
told ya so
... meanwhile loads of smallish hippos are incoming and will try to buy their fractions of bitcoins. November and December will be eventful too ;-)
In the past Decemeber has flatlined, perhaps because people pull money out for travel, Christmas/Hanukkah gifts etc. I was thinking that would happen this year as well but perhaps it would be best not to bank on that?
Bitcoin adoption rates are not seasonal (calendrically)
We are on the verge of panic buying and seller strikes. Once price breaks 170$, which could be next week, the bulls will go berserk and all those who hoped to buy once it crashes will surrender and buy back at loss.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
and here we find ourselves more than 60% above the pre September levels
told ya so
... meanwhile loads of smallish hippos are incoming and will try to buy their fractions of bitcoins. November and December will be eventful too ;-)
In the past Decemeber has flatlined, perhaps because people pull money out for travel, Christmas/Hanukkah gifts etc. I was thinking that would happen this year as well but perhaps it would be best not to bank on that?
OP delivered
I have been in NYC the past two weeks working on several very significant Bitcoin related projects.
Any chance you can elaborate? Also - Will you be posting to your blog anytime soon?
Wish I could.
Just wait for the news, serious journalists like the WSJ have already been getting briefed but cannot write about it yet, which should come out around the last week of September. Additionally, this fall there will be probably 6+ 'big names', like Richard Bove or Chamath Palihapitiya [starting at 19:15], in the investment community that will come out in favor of Bitcoin and that will cause a lemming like effect.
And the private wealth managers out of Asia are stacking Bitcoins away as the new favorite asset class. Many of the HNWI family offices will not make an investment in the sub-$25-50m range. So, when Bitcoin melts up then it is going to be free range for a lot of these ultra-rich Asia families to move in.
If about $1m of new capital moves the price $9 then just imagine what $500m-$1B of new capital flowing into this asset class would do to the price. Especially if that $500m requires 'clean bitcoins' from a known source of funds. The making of a 'melt-up' in price to a much more fundamentally sound valuation since Bitcoins are largely undervalued given their characterstics (no counter-party risk, cannot be seized and equity based like gold).
This is going to be a wild ride this fall. So strap yourselves in and let's kick the tires and light the fires!
Chamath Palihapitiya, check
Asia, check
Wild ride, in progress
We are on the verge of panic buying and seller strikes. Once price breaks 170$, which could be next week, the bulls will go berserk and all those who hoped to buy once it crashes will surrender and buy back at loss.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
I know lots of long time Bitcoin bulls who are patiently waiting for a crash with loads of fiat. I know too many of those temporarily bearish bulls. I do not think that their strategy will be profitable. Too many people are waiting with fiat to pick up cheap coins. It will not happen this time. They will have to buy back at a higher price.
Look at the daily chart right now. Only during 11 days ever the price was higher than it is now. Only during 5 days the price was above 141$ for most of the day and the the volume during those days was rather mediocre. On the other hand, days that marked bottom prices had huge volume. Everyone, but those who sold coins any day other than those 11, above 141$, with intention to buy back (and still has not bought), is being hurt now. Emotions are starting to boil. It is kind of prisoner dilemma for them.
Expect a bunch of elephants to try to squeeze into Bitcoin room via a tiny door of roughly 50-100kBTC available on sale at a price below of the all time high 266$. Buy popcorn. September and October will be eventful.
and here we find ourselves more than 60% above the pre September levels
told ya so
... meanwhile loads of smallish hippos are incoming and will try to buy their fractions of bitcoins. November and December will be eventful too ;-)
This ^.
The recent two month move is not done...
To be revisited at the end of the year.
I love when this happens. 
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
...Now, I can't argue that the price is going to come down, but what I can argue with is how it got here. It got here from BIG BUYERS. This has been happening since we bottomed at $65. It is up to them, not TA, not what we think, though how much we buy or sell can have an effect - But, they have BIG pockets.
Further, this person or group of people doing the HUGE buying are following TA to an extent. When they stop this rise stops, but how much money do they have? Thus far few others have jumped on board. When that happens then you got bubble 3.0, or is it 4.0?
IAS
Further, this person or group of people doing the HUGE buying are following TA to an extent. When they stop this rise stops, but how much money do they have? Thus far few others have jumped on board. When that happens then you got bubble 3.0, or is it 4.0?
IAS
I think we entered that phase once it crossed $130/$160
Where do u think we are? Is there hope for $100 still?
This subforum is filled with too many overly optimistic dreamers. It really waters down the content when everyone is so bullish.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
None of you know what the market is going to do tomorrow or next week. The market has a mind of its own, and you can't predict the future. You guys act like there's no chance its not going to 260.
I myself see it coming back down towards 100, planning on buying back in around 100-110.
You are just on a shorter-term mind set.
I'm thinking longer term.
Yeah but thinking long term is boring.
for the most people it seems that 3 month are already "long term"
The basis of my opinion: what goes up must come down.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
Fair enough but we aren't exactly dealing with a stock here. This is like a micro cap company (share wise) that is essentially the biggest at what it does and with little competition. And it (BTC) does something that is failing around the world as we speak. And it does more that the current economic system needs (e.g. cheap overseas payments, even in Country.) Now, I can't argue that the price is going to come down, but what I can argue with is how it got here. It got here from BIG BUYERS. This has been happening since we bottomed at $65. It is up to them, not TA, not what we think, though how much we buy or sell can have an effect - But, they have BIG pockets.
Further, this person or group of people doing the HUGE buying are following TA to an extent. When they stop this rise stops, but how much money do they have? Thus far few others have jumped on board. When that happens then you got bubble 3.0, or is it 4.0?
IAS
The basis of my opinion: what goes up must come down.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
With that theory we should be at $2 then in the future right? lol
Do you not agree? Open markets... they go up, they go down. If it just went up 30-40%, it's more likely to come back down in the near term, no?
I'm not saying I would bet my life savings on it, but there is a chance it will happen. Everyone else acts like this is an impossibility.
Everyone? Impossible?
Quotes to prove your claim?
30% to 40% would mean a drop to $87.75 from $135 (approx).
I agree yes it is possible, but likely it won't. You are a miner and you should realize by now how the bitcoin returns (denominated in Bitcoin) are shrinking very quickly. This is bullish for the price. It proves that there is more miners with more hash power than ever.
The daily pie is 3600 BTC and most miner's shares are decreasing each adjustment.
1 year ago we were at $10 or so. Now we sit at $130 to $145 (depending on which exchange you want to use as your price gauge). I say $130 to be conservative.
In a year it could be possible we are sitting at $250 to $1400 very feasibly as the tiny market supply of bitcoins dwindles due to more mining interest, hoarders, and overall just the fundamentals that there will only ever be 21,000,000 BTC but there is INFINITE amounts of fiat in digital form (which excludes all in-person cash transactions).
The price may go to $120 or $110 but that would be in the near term. Longer term I disagree wholeheartedly based on past performance and current sustaining fundamentals of Bitcoin in the world economy.
... Especially if that $500m requires 'clean bitcoins' from a known source of funds.
Sorry for off topic question, but what is meant by 'clean bitcoins'? Is this related to coins that can be traced back to a miner source (IP), or it is related to coins involved in some prior theft? {I searched and could not find a answer.} Thanks in advance.New coins, ones that haven't been used in previous transactions.
Why do they care? PR?
(Not sarcastic)
... Especially if that $500m requires 'clean bitcoins' from a known source of funds.
Sorry for off topic question, but what is meant by 'clean bitcoins'? Is this related to coins that can be traced back to a miner source (IP), or it is related to coins involved in some prior theft? {I searched and could not find a answer.} Thanks in advance.Whatever... it is my opinion, as you obviously have your own.
It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.
Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.
It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.
Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.
shhh no tears
Whatever... it is my opinion, as you obviously have your own.
It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.
Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.
It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.
Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.
To the moon!
Whatever... it is my opinion, as you obviously have your own.
It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.
Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.
It doesn't mean anyone is right or wrong, it simply means we will agree to disagree.
Sorry to make a some non Bull posts... I will leave now and let you guys get on with your dreaming.
The basis of my opinion: what goes up must come down.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
Also, since the first huge price upswing to $35, it took a full year before the market was able to match that and surpass it. I just don't see it going to $260 again until at least later this year or next year. Bitcoin is still so small, almost no one's heard of it. These huge price swings have to have a lot of money behind them.. I just don't think it's there at this point in time. Maybe we are a few headlines away from that happening, but at the current state of affairs I see it as unlikely.
With that theory we should be at $2 then in the future right? lol
Do you not agree? Open markets... they go up, they go down. If it just went up 30-40%, it's more likely to come back down in the near term, no?
I'm not saying I would bet my life savings on it, but there is a chance it will happen. Everyone else acts like this is an impossibility.
The bolded doesn't follow. If it were so obvious that the price would be coming down in the near future, it would have already done so. Surely you aren't the first to observe that the price has jumped 30-40% recently.
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