Topic: The Observer Effect (take 2: over $1000 by 21 July - 8 Aug) - page 4. (Read 14215 times)
There's plenty of big time money chilling waiting for whatever is left of the bears to exit and then you'll see them come aboard. Wall st phase coming up followed by the main street phase and this will push the next rally. Mass adoption will come over the next few years. It will come on strong meaning moon shot.
These are some cool charts, thanks.
While obviously no one knows, I do feel good about this week. The 51% Ghash.io situation is priced in, the FBI sale is priced in, the weekend is over, we are sitting pretty at 600 USD and China can only ban bitcoin so many times.
I feel good about the coming week, maybe keithers is right and well see a move up to 700 USD this week.
Good Luck!
While obviously no one knows, I do feel good about this week. The 51% Ghash.io situation is priced in, the FBI sale is priced in, the weekend is over, we are sitting pretty at 600 USD and China can only ban bitcoin so many times.
I feel good about the coming week, maybe keithers is right and well see a move up to 700 USD this week.
Good Luck!
https://www.betmoose.com/bet/bitcoin-will-pass-1000-by-the-end-of-this-year-247
Here's a chance to get some skin in this game...
Hm... I would not be so sure about it
. 
https://www.betmoose.com/bet/bitcoin-will-pass-1000-by-the-end-of-this-year-247
Here's a chance to get some skin in this game...
https://www.betmoose.com/bet/bitcoin-will-pass-1000-by-the-end-of-this-year-247
Here's a chance to get some skin in this game...
the real answer is NOBODY knows 
Not going to happen this summer, too many people/traders going on vacation. Wait until September. Will hit $4800 by end of Oct'2014.
So much has changed in the bitcoin world since the last big couple of run-ups, I feel it's too much of a stretch to expect these stratospheric rises based on the past patterns. I'm long on bitcoin but there's not this much fresh money coming in purchasing coins right now. A lot of the investment seems to be in infrastructure and businesses, which is even better - but it's going to take time for those ventures to mature in my opinion. It's not going to be June/July 2014, but hey I'd love to see $5000 USD as much as the next person.
Top trend line is too steep, we will peak in this next run up around 2400 sometime in October. Anything more or sooner is far too bullish.
I think it would be around August, October is more than 8 months from the previous peak, so that would be later than the usual time between peaks.
People better start buying if we want to have any shot at keeping up with this potential chart. IMO we have a good shot at possibly hitting $700 by June 30, I think $1000 is a major stretch.
There are too many people on the sidelines waiting to take profits off the table, and too many people that bought in too high that are waiting to recoup some of their losses.
There are too many people on the sidelines waiting to take profits off the table, and too many people that bought in too high that are waiting to recoup some of their losses.
looks like we are going to peak at 3000~3500,not 5000~5500. disappointed
No, that chart means absolutely nothing. If anything everyone is expecting a bubble with the 234 bubble cycle prophecy, so it will either be delayed or won't happen this year. If it is delayed I would expect the bubble to be bigger than expected. Who says it has to follow one line or another? It can create a new pattern this time. The trend is already starting to diverge and will probably continue to for the rest of this month.
OP, why can't your original chart behave like this?
The bubble at the ~$50 peak went above the pink rectangle... so this time we could be below the pink rectangle for all you know. There needs to be a tremendous amount of money going into bitcoin to cause significant rallys unlike before. There is no block halving this year. Not to mention no one was expecting the previous bubbles to happen, but this time almost everyone is expecting it to happen. I just don't see it playing out in a predictable way
looks like we are going to peak at 3000~3500,not 5000~5500. disappointed
me too.
looks like we are going to peak at 3000~3500,not 5000~5500. disappointed
Thought I'd give this a little bump. I really love the chart (as a historical view, not just as a prophecy) and have been following it for some time now.
Much appreciated
.Here is the updated chart... we still seem to be right on track.
Thought I'd give this a little bump. I really love the chart (as a historical view, not just as a prophecy) and have been following it for some time now.
until we see bitcoin trend going up again, there will be no new ATH.
http://www.google.com/trends/explore#q=bitcoin
http://www.google.com/trends/explore#q=bitcoin
Top trend line is too steep, we will peak in this next run up around 2400 sometime in October. Anything more or sooner is far too bullish.
JulieFig, thanks for the graph!
You gave me a reason to HODL my Bitcoins!
You gave me a reason to HODL my Bitcoins!
Happy to have helped
.The graphs do make it a little easier to stay rational during drops like the one just gone, that's for sure. I do wish I had been smart enough to do up all these plots before I bought in though. I had the 'good' fortune of buying at roughly $1000 (very close to the ATH). I have held through the subsequent drop and all the way down (buying some more to lower the dollar cost average) so I feel like I have earned my Bitcoin stripes.
I have never actually been around here for a proper rally (to an ATH) before though, and am really looking forward to it!
Yesterday I've reaeded in an German newspaper that the euro is losing value because of some new law (don't know exactly what) and that investors are escaping from the euro to alternative investments. Even risky ones. So this could pump up the price a bit if they hear about btc.
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