So when is the next Spike ? | Bitcointalksearch.org

Chef Ramsay

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Quote from: MinerHQ on August 15, 2015, 11:18:58 PM

Quote from: randy8777 on August 15, 2015, 05:50:21 AM

Quote from: Andy4.4 on August 15, 2015, 12:28:15 AM

Just keep collecting your coins.
I think that next spike will be near the time of halving in July 2016.
Till then, I don't think that any spike can take place.

that's the thing. people don't have the patience to wait for the block halving to take place. they want profit right now, and not next year.

Why it will raise only in july 2016? any strong reason?

I think it will move up only when more businesses will start accepting bitcoin as a payment option.

When more well known businesses accept it, it will be a good talking point for us but unless they offer discounts for paying w/ bitcoin then there won't be much traction for it. Whatever creates demand for bitooin will add more life to it - especially more legit and secured trading exchanges for institutional investors as well as the Winks' ETF that will allow hedge funds and other brokers to allow their clients decent exposure to it w/ security at a premium in the deal. Heck, I talked to a trader on the Chicago exchange tonight and he had no clue how to even get bitcoins tonight to which I gave him several options. Professional people have heard of the coin in a seed form so this is what we hope to sow and grow going forward. Once the real bull market begins, these types w/ money will be tripping over each other to get their feet wet and then some, especially when other markets are spiraling into the abyss.

MinerHQ

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Quote from: randy8777 on August 15, 2015, 05:50:21 AM

Quote from: Andy4.4 on August 15, 2015, 12:28:15 AM

Just keep collecting your coins.
I think that next spike will be near the time of halving in July 2016.
Till then, I don't think that any spike can take place.

that's the thing. people don't have the patience to wait for the block halving to take place. they want profit right now, and not next year.

Why it will raise only in july 2016? any strong reason?

I think it will move up only when more businesses will start accepting bitcoin as a payment option.

randy8777

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Quote from: Andy4.4 on August 15, 2015, 12:28:15 AM

Just keep collecting your coins.
I think that next spike will be near the time of halving in July 2016.
Till then, I don't think that any spike can take place.

that's the thing. people don't have the patience to wait for the block halving to take place. they want profit right now, and not next year.

illyiller

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Quote from: spazzdla on August 13, 2015, 11:09:05 AM

Just wait until another 2008.

You won't have time to buy in though.. it will be moon bound in mintues.. legit.. minutes.

Potentially. Way down the road. Bitcoin needs to establish itself more IMO to be considered a real store of value. It has a tiny market cap, a tiny history, very volatile..... if a major economic crisis happened today, people would be flocking to much less risky assets than bitcoin. Down the road, that may be a different story. The protocol is sound, but let's not go overboard.....

Andy4.4

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Just keep collecting your coins.
I think that next spike will be near the time of halving in July 2016.
Till then, I don't think that any spike can take place.

tabnloz

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Quote from: spazzdla on August 13, 2015, 11:09:05 AM

Just wait until another 2008.

You won't have time to buy in though.. it will be moon bound in mintues.. legit.. minutes.

I agree, but not minutes Grin

.I see bitcoin as getting its mainstream foothold as a crisis SoV asset.

When 2008 Redux comes along, initially i think bitcoin will sink like everything else.

But, if this crisis is a sovereign debt crisis where governments are going bankrupt (which it will be; all the debts of the financial institutions in 2008 were transferred to the publics (govt) balance sheet), then the assets that rise from the ashes first will be private assets (gold, bitcoin, etc etc).

ajareselde

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Quote from: illyiller on August 14, 2015, 02:46:19 PM

Quote from: mindrust on August 14, 2015, 02:38:24 PM

No more spikes i guess. We need a big manipulator for a huge spike like 2 years ago, and unless some big exchange does what gox did, we won't see it coming.

Is this really the consensus around here? That "Willy" is responsible for the 2013 bull run? Honestly, anyone who believes that must have been completely ignoring Chinese exchanges. They were clearly fueling the rally, primarily. There may have been some feedback loop with the western exchanges but..... "Willy caused the bubble"? LOL, please.

There's no doubt that willy bot from mt.gox helped fuel the spike, but without investor interest, prices would never reach such highs on all exchanges,
and the price now wouldn't be 250-300 $ but rather just a few bucks..

cheers

illyiller

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Quote from: mindrust on August 14, 2015, 02:38:24 PM

No more spikes i guess. We need a big manipulator for a huge spike like 2 years ago, and unless some big exchange does what gox did, we won't see it coming.

Is this really the consensus around here? That "Willy" is responsible for the 2013 bull run? Honestly, anyone who believes that must have been completely ignoring Chinese exchanges. They were clearly fueling the rally, primarily. There may have been some feedback loop with the western exchanges but..... "Willy caused the bubble"? LOL, please.

gentlemand

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Quote from: mindrust on August 14, 2015, 02:38:24 PM

No more spikes i guess. We need a big manipulator for a huge spike like 2 years ago, and unless some big exchange does what gox did, we won't see it coming.

The last thing it needs is more manipulation. If there's a spike caused by more real humans deciding they have a use for it in their lives, then that I approve of. Any other reason will ultimately be bad news.

SmoothCurves

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Next big spike will be around Q42016 - Q12017

mindrust

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No more spikes i guess. We need a big manipulator for a huge spike like 2 years ago, and unless some big exchange does what gox did, we won't see it coming.

LFC_Bitcoin

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Nobody here can answer with 100% conviction when the next spike will be. A good guess it next summer though as a result of the halving. The Winklevoss Gemini exchange 'should' be positive news for the price.

I still think we're at least 5 years away from a time that we're all amazingly excited about the major success of bitcoin.

illyiller

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Quote from: Technologov on August 13, 2015, 09:04:13 AM

2 years and no spikes !

How much coins on exchanges ?

Patience. Let's just enjoy the range trading down here while we have it. And accumulate coins in the $200s for as long as possible. Once the daily and certainly the weekly charts start closing above $320...... we will have our next spike IMO.

randy8777

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i would want to know that as well. if we all knew when to buy, then there wouldn't be a market anymore. make sure you buy now and have patience.

goosoodude

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Well it all depends on what do you refer as a spike. If you are looking to see ATH prices once again, i believe no such thing will happen for a couple of years.
The upcoming block reward halving next year is sure to bump up the price quite nicely, but i doubt it will force it above 500$.

Maybe it's the best for now to buy in while we're at a sub 300 level, because i doubt it will stay that low by years end, and who knows, if we get some
sort of a cascade reaction, maybe even another hype awaits. Fingers crossed !

gentlemand

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Quote from: Mickeyb on August 13, 2015, 01:51:09 PM

Yes, but I am afraid that nothing will happen since this is very often what happens when people are expecting something will pretty sure happen. Lokk at Greece, everybody expected miracle by looking what happened during Cyprus crisis and then one big nothing!

It was a little something, but not much. Ideally it put the idea to bed that Bitcoin's movements have anything to truly do with what's going on in the real world. Its market is too tiny and stunted for that.

Mickeyb

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Move On !!!!!!

Quote from: AtheistAKASaneBrain on August 13, 2015, 09:14:48 AM

Quote from: Technologov on August 13, 2015, 09:04:13 AM

2 years and no spikes !

How much coins on exchanges ?

All indicators are aiming at the halving. The having is something expected by a lot of people, which means the hype is huge and anything can happen.

Yes, but I am afraid that nothing will happen since this is very often what happens when people are expecting something will pretty sure happen. Lokk at Greece, everybody expected miracle by looking what happened during Cyprus crisis and then one big nothing!

spazzdla

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Quote from: Metadextrous on August 13, 2015, 09:28:19 AM

Quote from: ?? on ??

^^
Sure. Miners are now rewarded with 25 BTC for solving a block. That number will be cut in half in 2016.

So, according to what you said, starting in 2016 the miner/pool who get to solve a block will get 12.5 bitcoin instead of 25 bitcoin?

Yes this is correct.

bitclock.org

bassclef

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Quote from: pa on August 13, 2015, 10:45:54 AM

Quote from: bassclef on August 13, 2015, 10:02:17 AM

When the market is ready--that is when enough strong hands hold most of the bitcoins, small amounts of demand buying into very little selling can push the price by large amounts.

That means a strong surge up but not necessarily parabolic. The market has more price discovery mechanisms now (futures, margin trading, etc) than in 2013 so the rise may not get past $1000 until next year. I'm anticipating a move to $400-$500 in the coming months though--the price has bottomed and wound itself up for at least that much Wink

Another thing that has changed since 2013 is the proliferation of altcoins, some of which are compelling enough to steal mindshare and capital from Bitcoin.

Altcoins are largely a way for traders to increase their BTC which is what everyone wants at the end of the day. Even protocols like Ethereum with tremendous potential are not immune to market forces--Counterparty was there months ago with Overstock et all "on board" and nothing big came of it except the usual pump and dump.

Never fall in love with an altcoin--it is not different this time.

gentlemand

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Quote from: pa on August 13, 2015, 10:45:54 AM

Another thing that has changed since 2013 is the proliferation of altcoins, some of which are compelling enough to steal mindshare and capital from Bitcoin.

There were mountains of alts around back then too. Nothing at all's changed there.

Topic: So when is the next Spike ? (Read 1809 times)