The Flag Pattern is about to breakout..

Tacalt

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Quote from: snipie on April 20, 2016, 04:36:53 PM

Quote from: Enjorlas on April 03, 2016, 01:03:14 PM

But which way will it break out? Up or down?

For the moment the price is kinda stable with a little moves down or up but after a month and a half from now things will be more interesting and speculation will gone crazy

The bitcoin price just broken out of the $430 range. If the price is consistently above $430, it is good.

snipie

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Quote from: Enjorlas on April 03, 2016, 01:03:14 PM

But which way will it break out? Up or down?

For the moment the price is kinda stable with a little moves down or up but after a month and a half from now things will be more interesting and speculation will gone crazy

Tacalt

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Quote from: Dilla on April 16, 2016, 09:19:34 AM

Quote from: talks_cheep on April 16, 2016, 08:56:13 AM

Quote from: Tacalt on April 16, 2016, 08:09:22 AM

Quote from: Swisk on April 16, 2016, 03:42:09 AM

Well, its all a question of degree. I like to view is as demand/supply mechanics, so if that many people hadn't factored in the halving yet, then demand wouldn't have surged. However, it seems like the halvening has become a much more prominent topic, so many more people would 'price' it in.

That being said, I do think that the price will still increase as the halvening draws closer, so yeah. I'd like the hear different opinions though, as I'd think i'm still fairly new to this bitcoin space.

The price is increasing slowly now. But after the halving, the price will increase even more. That happened in the last halving.

I agree. I think the last halvening happened in late 2013 (October/November?) and a great bubble happened in April of 2014, followed by another great bubble in December 2014. Which leads me to believe, December 2016 bubble, followed by another even greater bubble in June 2017.

Woah woah woah..... Did talks_cheap just say that???

The price is about $445 now. It seems the price has broken out of the recent trading range. It could be a good sign.

Dilla

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Quote from: talks_cheep on April 16, 2016, 08:56:13 AM

Quote from: Tacalt on April 16, 2016, 08:09:22 AM

Quote from: Swisk on April 16, 2016, 03:42:09 AM

Well, its all a question of degree. I like to view is as demand/supply mechanics, so if that many people hadn't factored in the halving yet, then demand wouldn't have surged. However, it seems like the halvening has become a much more prominent topic, so many more people would 'price' it in.

That being said, I do think that the price will still increase as the halvening draws closer, so yeah. I'd like the hear different opinions though, as I'd think i'm still fairly new to this bitcoin space.

The price is increasing slowly now. But after the halving, the price will increase even more. That happened in the last halving.

I agree. I think the last halvening happened in late 2013 (October/November?) and a great bubble happened in April of 2014, followed by another great bubble in December 2014. Which leads me to believe, December 2016 bubble, followed by another even greater bubble in June 2017.

Woah woah woah..... Did talks_cheap just say that???

talks_cheep

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Quote from: Tacalt on April 16, 2016, 08:09:22 AM

Quote from: Swisk on April 16, 2016, 03:42:09 AM

Well, its all a question of degree. I like to view is as demand/supply mechanics, so if that many people hadn't factored in the halving yet, then demand wouldn't have surged. However, it seems like the halvening has become a much more prominent topic, so many more people would 'price' it in.

That being said, I do think that the price will still increase as the halvening draws closer, so yeah. I'd like the hear different opinions though, as I'd think i'm still fairly new to this bitcoin space.

The price is increasing slowly now. But after the halving, the price will increase even more. That happened in the last halving.

I agree. I think the last halvening happened in late 2013 (October/November?) and a great bubble happened in April of 2014, followed by another great bubble in December 2014. Which leads me to believe, December 2016 bubble, followed by another even greater bubble in June 2017.

Tacalt

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Quote from: Swisk on April 16, 2016, 03:42:09 AM

Well, its all a question of degree. I like to view is as demand/supply mechanics, so if that many people hadn't factored in the halving yet, then demand wouldn't have surged. However, it seems like the halvening has become a much more prominent topic, so many more people would 'price' it in.

That being said, I do think that the price will still increase as the halvening draws closer, so yeah. I'd like the hear different opinions though, as I'd think i'm still fairly new to this bitcoin space.

The price is increasing slowly now. But after the halving, the price will increase even more. That happened in the last halving.

Swisk

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Well, its all a question of degree. I like to view is as demand/supply mechanics, so if that many people hadn't factored in the halving yet, then demand wouldn't have surged. However, it seems like the halvening has become a much more prominent topic, so many more people would 'price' it in.

That being said, I do think that the price will still increase as the halvening draws closer, so yeah. I'd like the hear different opinions though, as I'd think i'm still fairly new to this bitcoin space.

zby

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Quote from: r0ach on April 03, 2016, 05:35:16 PM

Quote from: Patel on April 03, 2016, 01:26:28 PM

Halving is already priced in.

Wrong:

Quote from: r0ach on April 03, 2016, 04:27:12 PM

There is no such thing as "halving already priced in" because the mining power increased a lot when price went up. For the halving to be "priced in", the mining power would of needed to stay the same after price went up, then halving happens, and mining power is still the same.

As things are now, a lot of miners would need to turn off if no price increase happened for the halving. So absolutely nothing is priced in. Miners also tend to mine at a loss in hopes coins wil lbe worth more in the future rather than turning them off. Nobody is going to be turning off their millions of dollars in miners. They will simply stop selling coins at a loss, then the market dries up and price goes up. This is why it's inevitable price increases afterwards regardless of what happens before. All miners in the world did not stop selling coins 6 months in advance to make the price go up already. It's possible a few did, but I highly doubt the majority of all miners removed all coins from market 6+ months in advance. The price would still be increasing by the day if they did so.

Well - why do you think that this kind of thinking have not influenced the price by now? Many people must have thought along these lines - and some of them acted upon this - and those actions influenced the pricing. This is what 'pricing in' means.

Swisk

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Quote from: r0ach on April 03, 2016, 05:35:16 PM

Quote from: Patel on April 03, 2016, 01:26:28 PM

Halving is already priced in.

Wrong:

Quote from: r0ach on April 03, 2016, 04:27:12 PM

There is no such thing as "halving already priced in" because the mining power increased a lot when price went up. For the halving to be "priced in", the mining power would of needed to stay the same after price went up, then halving happens, and mining power is still the same.

As things are now, a lot of miners would need to turn off if no price increase happened for the halving. So absolutely nothing is priced in. Miners also tend to mine at a loss in hopes coins wil lbe worth more in the future rather than turning them off. Nobody is going to be turning off their millions of dollars in miners. They will simply stop selling coins at a loss, then the market dries up and price goes up. This is why it's inevitable price increases afterwards regardless of what happens before. All miners in the world did not stop selling coins 6 months in advance to make the price go up already. It's possible a few did, but I highly doubt the majority of all miners removed all coins from market 6+ months in advance. The price would still be increasing by the day if they did so.

Well Roach, your explanation makes some sense. But at the same time, couldn't the pricing in be explained by a huge surge in demand due to speculators believing that the price will rise due to the halvening? Essentially, pricing in the future expectation.

maokoto

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Yeah, we are going through better times now trading-wise. Price is moving a little more and you can trade to make some profit.

Tacalt

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Quote from: spazzdla on April 10, 2016, 09:22:36 AM

down.. no volumes. we are going for one more bounce at least.

When the price is down, there is no volume. When the price is up, there are some more volume. it is good.

spazzdla

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down.. no volumes. we are going for one more bounce at least.

richardsNY

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Quote from: hector3115 on April 09, 2016, 07:54:25 AM

I think the release of segwit plus a firm launch date for the lightning network will force us up out of this flag pattern hard.

That plus the halving should make for a very exciting summer.

It will be exciting for sure with all the stuff that is coming our way, but I think all these happenings will have a short term impact on the price. I am more interested in a more slower but sustainable growth instead of peaks. We all know that peaks don't last very long in the Bitcoin land.

thejaytiesto

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Quote from: hector3115 on April 09, 2016, 07:54:25 AM

I think the release of segwit plus a firm launch date for the lightning network will force us up out of this flag pattern hard.

That plus the halving should make for a very exciting summer.

Yeah to many good solid news happening, + all of the psychological factors are also on point to get a massive bull craze: The FOMOs that still are stupid enough to not own any Bitcoin will come quick in fear of missing out and buy at any price, and the people that has Bitcoin will simply HODL and sit back and relax and watch it go higher that never before. I can't wait for the summer, the halving will be epic.

hector3115

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I think the release of segwit plus a firm launch date for the lightning network will force us up out of this flag pattern hard.

That plus the halving should make for a very exciting summer.

Tacalt

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The fluctuation of the bitcoin has reduced recently. It has consolidated for some time. The next price action will be up.

SFR10

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From the sign of it, it will be an uptrend mainly due to the fact that base on an analysis since September of last year, every time, there was a stable phase in terms of value, there's was an uptrend effect after it (IIRC twice happened so far), Although the past effects doesn't ensure futures outcome, I still believe the uptrend plus were approaching the halving slowly, so that ads up as well.

r0ach

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Quote from: Patel on April 03, 2016, 01:26:28 PM

Halving is already priced in.

Wrong:

Quote from: r0ach on April 03, 2016, 04:27:12 PM

There is no such thing as "halving already priced in" because the mining power increased a lot when price went up. For the halving to be "priced in", the mining power would of needed to stay the same after price went up, then halving happens, and mining power is still the same.

As things are now, a lot of miners would need to turn off if no price increase happened for the halving. So absolutely nothing is priced in. Miners also tend to mine at a loss in hopes coins wil lbe worth more in the future rather than turning them off. Nobody is going to be turning off their millions of dollars in miners. They will simply stop selling coins at a loss, then the market dries up and price goes up. This is why it's inevitable price increases afterwards regardless of what happens before. All miners in the world did not stop selling coins 6 months in advance to make the price go up already. It's possible a few did, but I highly doubt the majority of all miners removed all coins from market 6+ months in advance. The price would still be increasing by the day if they did so.

gkv9

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Quote from: Patel on April 03, 2016, 01:26:28 PM

It always goes the other way than what everyone expects. Halving is already priced in.

True, because the ones who control the markets, they always look for people's sentiments and play with the markets accordingly...
Though, I am UP on this one, as halving is getting nearer...

Patel

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It always goes the other way than what everyone expects. Halving is already priced in.

Topic: The Flag Pattern is about to breakout.. (Read 1622 times)