Topic: The rally will eventually end with a dip to at least $5.5K //3K - page 2. (Read 2167 times)
December 10, 2017, 03:52:17 AM
The 2013 bubble pop occured when mtgox started going down. At that point, all the traders decided that they needed to take profit while it was still physically possible for them to do so, and it reflected how many weak hands there were.
December 10, 2017, 03:46:28 AM
Anyone who's been around since 2013 or earlier knows we will be back to $3k eventually.
You cannot even compare 2013 to now. A lot has changed. The level of fear, uncertainty and doubt has so much reduced. Moreover, what happened in 2013 that did not already happen this year ?How long did we see the huge dump before it got picked back up? That should tell you something. Whoever has missed the train should stop wishing for something that would not happen.
December 09, 2017, 08:11:46 PM
The current rally already ended. And it dipped to $13.5k. Unless that price breaks in the next few days, we've already found our bottom. And a new rally will likely be commencing in the coming weeks to push it up over $20k.
December 09, 2017, 03:38:54 PM
I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.
Pattern extrapolation? Are you taking as reference the gradual decline of bitcoin after the pump in December 2013? That has been one of the most banal "predictions" I've heard relatively often, as if the conditions of the bitcoin market were similar to those of the time.It is true that nobody knows what the future will bring, but even if the price were to fall to $3,000 by the end of this year, it would still be a splendid year for bitcoin, with a growth of 200% over last year.
December 09, 2017, 03:26:02 PM
I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.
Doubt it. The fundamentals have changed dramatically. So I don't see a drop to 3k happening. Possibly 5.5k but even that seems like a stretch and I doubt it would last very long. 
December 09, 2017, 03:10:00 PM
I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.
Seriously your argument sounds off a little bit. Sure, we cannot know what can happen any moment? And from the look of things, a whole lot of people are expecting that huge correction. However, you have to understand that the fact that the community strongly believes it won't get that low is because they are not ready to give it out that low. Keep wishing, no matter how huge the correction is going to get, it cannot be that low. December 07, 2017, 07:10:50 PM
I'm adjusting the target to $5500. $3K will happen only if this turns into a 2011/2014 scenario and the hit would be several months down the road.
December 07, 2017, 07:41:44 AM
I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.
I've been thinking $3k for a while, but today I was feeling an uncanny deja-vu and so I started to have a more thorough look. I decided $3k was just a bit low - looked to me like there was a lot of price action in the $3.7-4k region. So I went from there.
I find it hilarious that 2 posts in and you were already being called a troll, simply for pointing out what seems fairly logical.
This time could be different sure, but I doubt it.
December 07, 2017, 07:34:21 AM
The mistake people make is that they think the price of Bitcoin has everything to do with the value of Bitcoin. The price of Bitcoin has more to do with human psychology, which follows predictable patterns.
Depending on how high this rally goes, $5k could be the relevant support level. The important thing to know is that there will be a bubble, there will be a crash, there will be an immediate rebound, and there will be a long, slow, excruciating bear market as the price gradually slips lower and lower. At some point, there will be a capitulation where the price briefly spikes down to a level no one could POSSIBLY imagine because they all jumped on board during the bull market and thought it would go up forever.
These facts have nothing to do with the value or usefulness of Bitcoin which we all know is great. They have to do with the psychology of humans and traders which haven't changed since the beginning of time. That's why every Bitcoin bubble looks the same.
Depending on how high this rally goes, $5k could be the relevant support level. The important thing to know is that there will be a bubble, there will be a crash, there will be an immediate rebound, and there will be a long, slow, excruciating bear market as the price gradually slips lower and lower. At some point, there will be a capitulation where the price briefly spikes down to a level no one could POSSIBLY imagine because they all jumped on board during the bull market and thought it would go up forever.
These facts have nothing to do with the value or usefulness of Bitcoin which we all know is great. They have to do with the psychology of humans and traders which haven't changed since the beginning of time. That's why every Bitcoin bubble looks the same.
I’ve personally seen this over the last two bubbles. This forum is caked with old posts about it rising infinitely; technology investment is increasing, adoption rates have never been higher, etc. Even more so, I feel like I bang my head on the wall these days telling people this is what happens and if you remove your head from the BTC>fiat>gov’t cloud, most players can do a decent job of predicting this and positioning themselves on either side of the run up/run down quite well.
December 07, 2017, 07:05:36 AM
The mistake people make is that they think the price of Bitcoin has everything to do with the value of Bitcoin. The price of Bitcoin has more to do with human psychology, which follows predictable patterns.
Depending on how high this rally goes, $5k could be the relevant support level. The important thing to know is that there will be a bubble, there will be a crash, there will be an immediate rebound, and there will be a long, slow, excruciating bear market as the price gradually slips lower and lower. At some point, there will be a capitulation where the price briefly spikes down to a level no one could POSSIBLY imagine because they all jumped on board during the bull market and thought it would go up forever.
These facts have nothing to do with the value or usefulness of Bitcoin which we all know is great. They have to do with the psychology of humans and traders which haven't changed since the beginning of time. That's why every Bitcoin bubble looks the same.
Depending on how high this rally goes, $5k could be the relevant support level. The important thing to know is that there will be a bubble, there will be a crash, there will be an immediate rebound, and there will be a long, slow, excruciating bear market as the price gradually slips lower and lower. At some point, there will be a capitulation where the price briefly spikes down to a level no one could POSSIBLY imagine because they all jumped on board during the bull market and thought it would go up forever.
These facts have nothing to do with the value or usefulness of Bitcoin which we all know is great. They have to do with the psychology of humans and traders which haven't changed since the beginning of time. That's why every Bitcoin bubble looks the same.
December 06, 2017, 04:37:58 PM
I never made a call at $3000. In fact I had multiple people ask me prrsonally if they should sell and I told them not to .
December 06, 2017, 12:48:36 PM
OP, and add this sentence to the title, "Then that will be another opportunity to buy more!". Thanks.
It would be nice of Mr. Market to give some of us another chance to join the ride to the moon. Hehehe.
Yeah your right. I think OP's view is quite realistic because I myself don't believe that bitcoin would continue to be on an upward trend day by day with only a little dip after crazy pump, the value of it now is overvalued, driven merely by speculation. I am sure that the time OP is referring to will come soon since bitcoin's rise has been on a prolonged bullish run already. Just you wait we would see another great chance to join the ride to the moon next time.It would be nice of Mr. Market to give some of us another chance to join the ride to the moon. Hehehe.
When the value of bitcoin was around $3000, so many people thought it was a bubble and it would burst and it kept on going and they are still hoping for the same thing because they did not get in when the value was low and they so wish they can. I wish I can too, but there are just somethings that in as much as we want them to happen, they won't.
December 06, 2017, 09:40:00 AM
The question is how long will the bear market last. Will we have a long bear like 2014-2015? The 2020 bubble will be epic!
December 06, 2017, 05:53:45 AM
I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.
And how exactly did you come to the number of 3000$ dip? What paramters are showing this? Of course that the price can't just last forever and that corrections will happen eventualy but to spit out random number like this without any argument or explanation makes no sense, not to say it' s stupid. Exactly comments like this spread the panic among users and send the wrong message. I would be more careful with such predictions.
December 06, 2017, 05:44:41 AM
I dont know how high it will go but that is how low it will go. Just a humble call made purely via pattern extrapolation. Since you so strongly believe it will not happen, that is exactly why it's going to happen. I have no further arguments.
Your prediction is too low. In cases Bitcoin can go down as low as $3K there must be something so bad happening in the market causing such a development. Now, if there would be no big bad news, there is no possibility that it can go down on that level because every time there is a small dip or crash, there are people waiting in the sideline looking for that opportunity to get into Bitcoin. Just look at the charts for you to see what I mean. As long as there is a good demand, Bitcoin can continue on surging ahead. Now, if you are sure that Bitcoin can be $3k soon then the best thing for you to do is sell all of your Bitcoin and then wait for that big dip to happen. And good luck...
There are some values that the community should not expect and of course there is a lot going on right now with FUDs like this being generated by people like the OP to probably cause fear in the market.
This is outdated and will no longer work. The market is stronger than it used to, if the OP is basing his reason on the fact that we do not believe it ever will, and then his angle is out of it.
December 05, 2017, 09:18:32 PM
Unfortunately, the technology will be slowly commandeered from here on out by big banks, regulators and the gov’t. You can’t get the perks of “the machine” without being a cog in it. BTC will be parasitized by the ruling elite eventually and employed for largely their gain while giving the commoners crumbs (as always).
It’s best to stay up on the trends, open a futures trading account, accumulate as many coins as you can afford and get ready to offload the bulk of your coins in the coming years for your country’s cash equivalency when we hit the high highs ($100K plus). Dump that back into futures and repeat. Once the ETFs are born, say goodbye to the huge price swings. By then, BTC will be just a imaginary thing (like all the gold in the Fed reserve...), however; the technology will be the king.
It’s best to stay up on the trends, open a futures trading account, accumulate as many coins as you can afford and get ready to offload the bulk of your coins in the coming years for your country’s cash equivalency when we hit the high highs ($100K plus). Dump that back into futures and repeat. Once the ETFs are born, say goodbye to the huge price swings. By then, BTC will be just a imaginary thing (like all the gold in the Fed reserve...), however; the technology will be the king.
December 05, 2017, 09:02:37 PM
Yeah I hear the most ridiculous things lately from all the newbies like "the ceo of " and "a share of bitcoin". these people have no knowledge or interest in the technology, and only making money
December 05, 2017, 05:48:20 PM
True,the growth has been great,but still ,maybe there will be no great correction as many are accustomed, especially when you see news as Coinbase expanding their support team considerably by 2018,news like this show that there is a lot of interest,maybe a lot more than before,so that a big correction might not happen for now.
The more absolute newbies there are the more inclined to panic they'll be. I'm sure a huge percentage of people who've arrived this year do not know one single thing about BTC other than it being a number that keeps on going up.
When it stops going up and starts to go down without pause expect an earth shaking stampede for the exits.
December 05, 2017, 05:33:38 PM
We were just at $1K-$3K a few months ago and the world wasn't ending - it was quite bullish actually. The $3K dip doesnt require the end of the world. It's just the natural end of the cycle - the counterpart of a parabolic rise - the filling in of the chart on the log chart, just like all times before. It does not require the failure of all exchanges - just lots of lag on one of them. Dont worry, its only temporary - a swift bounce to $5K+ will occur and many might not even notice that it went to $3K. It'll be like 'look at those bots that lost their coins last night in that massive hammer candle'
True,the growth has been great,but still ,maybe there will be no great correction as many are accustomed, especially when you see news as Coinbase expanding their support team considerably by 2018,news like this show that there is a lot of interest,maybe a lot more than before,so that a big correction might not happen for now. December 05, 2017, 05:17:06 PM
I said the bounce to 5k will be swift, like the same day. The rest will occur but might be a little slower.
Jump to: