Timeline over the next 2 months - page 3.

windjc

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Quote from: Elwar on May 19, 2014, 11:52:29 PM

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Not even close. We are months - 4-18 months from the next major bubble.

bryant.coleman

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Quote from: segeln on May 24, 2014, 02:16:25 AM

+1
but a slow rise is much more "healthy"

There is no such thing as a healthy rise. Any rise is welcome for me. Only the short-sellers will lose money on a sudden rise. And they need to lose money, at least for spamming this forum with negative news. Grin

ranlo

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Quote from: bryant.coleman on May 24, 2014, 01:31:50 AM

Quote from: Elwar on May 23, 2014, 10:23:59 PM

We should be seeing just under 3% rise per day on average...less now and higher later. Jumping 5-10% per day was too much.

Looking at the Bitcoin exchange rates over the last 24 months, I can tell you with confidence that Bitcoin does not move in small amounts. When it raises, it increases by 20% to 50% in a single day. The same happens when it drops. So the increase of 5-10% a day was nothing unusual.

I've been noticing this as well, and I think it's because of the fear people have instilled in themselves now. Seeing it go from 1200 to 1/3 that in a couple months, seeing it go from 60 to 1200 in a couple months, etc. People now see that it went up a few dollars and start buying in ASAP, and as soon as it starts dropping they dump.

segeln

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Quote from: bryant.coleman on May 24, 2014, 01:31:50 AM

Quote from: Elwar on May 23, 2014, 10:23:59 PM

We should be seeing just under 3% rise per day on average...less now and higher later. Jumping 5-10% per day was too much.

Looking at the Bitcoin exchange rates over the last 24 months, I can tell you with confidence that Bitcoin does not move in small amounts. When it raises, it increases by 20% to 50% in a single day. The same happens when it drops. So the increase of 5-10% a day was nothing unusual.

+1
but a slow rise is much more "healthy"

bryant.coleman

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Quote from: Elwar on May 23, 2014, 10:23:59 PM

We should be seeing just under 3% rise per day on average...less now and higher later. Jumping 5-10% per day was too much.

Looking at the Bitcoin exchange rates over the last 24 months, I can tell you with confidence that Bitcoin does not move in small amounts. When it raises, it increases by 20% to 50% in a single day. The same happens when it drops. So the increase of 5-10% a day was nothing unusual.

Elwar

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Viva Ut Vivas

Oh, and I noticed it is down from almost $550...that is a good thing, it was rising far too quickly to be this early in the rise.

We should be seeing just under 3% rise per day on average...less now and higher later. Jumping 5-10% per day was too much.

Elwar

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Viva Ut Vivas

Quote from: vpitcher07 on May 23, 2014, 05:38:26 PM

If we see 3600 by july I will shit myself. I'm sorry - i'm bullish on bitcoin in the long run- but there's just too much resistance to see 3600 that soon. Remember, there is going to be MASSIVE resistance near 1k as those who purchased at the last 1k will be cashing out. I don't see anything close to 3600 by july. Just my 2 cents.

Most of the weak hands have already taken their ball and gone home. Most of them left within a month when they had bills to pay/Christmas presents that they gambled holding off for a few weeks to get rich.

dnaleor

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Want privacy? Use Monero!

Quote from: vpitcher07 on May 23, 2014, 05:38:26 PM

If we see 3600 by july I will shit myself. I'm sorry - i'm bullish on bitcoin in the long run- but there's just too much resistance to see 3600 that soon. Remember, there is going to be MASSIVE resistance near 1k as those who purchased at the last 1k will be cashing out. I don't see anything close to 3600 by july. Just my 2 cents.

there was a large resistance at 100 USD also, after the crash. We finally broke it, no matter what Wink

vpitcher07

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If we see 3600 by july I will shit myself. I'm sorry - i'm bullish on bitcoin in the long run- but there's just too much resistance to see 3600 that soon. Remember, there is going to be MASSIVE resistance near 1k as those who purchased at the last 1k will be cashing out. I don't see anything close to 3600 by july. Just my 2 cents.

saddambitcoin

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I agree with Elwar, perhaps not in the exact time frame but the sentiment is there.

In August 2013 everyone here was speculating how high the next bubble would go, when the reversal was confirmed - estimates from $400 to $600 were common but at the time seemed unrealistic. We all know what happened.

This shows us that it only takes a few months of the right conditions for new market participants to come in and start pumping. I wish chodpaba would come back, this was a smart person that posted projections about the reversal trend, then they deleted all their posts.

oda.krell

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Quote from: Elwar on May 19, 2014, 11:52:29 PM

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Just quoting so I'll remember to check how your prediction turns out in two months from now.

Extremely unlikely what you describe, imo, but you're the hero member, so let's see...

pinksheep

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I know I'm jumping the gun, but the hard part will be knowing when to sell, ie knowing when we have reached the peak. I'd hate to sell at $4000 & then the price continued to soar. I'm in it for the long term, hoping to eventually cash out if it ever reached maybe $4000 x 10, but still it would be nice to get out & then buy back cheaper.

bitbob82

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I reread the MTGOX chart from year 2010 and below is the high and low tide

Wilhelm

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The OP prediction looks stupid but is perfectly possible.
Looking at last bubble once it goes viral the price hits it's ATH 15-30days after it goes TO DA M00OO00N!!
We are seeing a moon-startup if it follows through you could see somewhat like a 500% increase at the end of next month.

My BTC0.02

exponential

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I am perfectly fine with this prediction :p

Trade-Winds

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Quote from: Elwar on May 19, 2014, 11:52:29 PM

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Hey Elwar I am liking your technical analysis and bold predictions, I am assuming you are a trader of other markets not just BTC?

hellscabane

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Quote from: Asrael999 on May 21, 2014, 09:18:40 AM

Quote from: hellscabane on May 21, 2014, 09:13:33 AM

Oh, how I would love this to actually happen. It'd be a hell of a birthday gift, hehe. (Nothing like some awesome birthday money!)

But, I have no clue where all of the money would come from. After all, if this were to happen, the influx would have to outpace the needed amount to account for new minted coins. Assuming a 50% outpace, we're talking about $5 million a day growing to $20 million a day.

[Not that I'm saying it can't happen, but I just don't know where this money would come from.]

you are assuming all mined coins get sold - I know for a fact that not all of them do, as I don't sell all the ones I mine. In fact recently I have been acquiring coins rather than selling them.

I agree though that to push the price to a new all time high will require multiples of the new money that came in during October - December 2013, and I so not believe that investments of this scale are feasible until professional money has a reason (and a way) to buy bitcoin. Professional money at the moment is building bitcoin companies not buying coins, and I am not sure what if anything changes that in 2014, or even the first half of 2015.

Actually, I make that assumption based on market volumes in comparison to growth values during the last two rallies. During the last two rallies, one of the really interesting fits was that the growth and pace factors being a function of mintage over a moving average.

But yes, it seems more and more that the money for the next rally has to actually come from actual business investment rather than speculators.

antonioserrano72

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Impossible

/r/dogecoin's optimism is leaking. You guys don't drink that!! Angry

scryptasicminer

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Quote from: Elwar on May 19, 2014, 11:52:29 PM

Ok, last time when it was at $200 I called a high of $1600 over the next 6 weeks (it only went to $1240). Here is the timeline this time:

June 20: $900
July 4: $1800
July 11: $3600

That next week it will top out near $4000.

So it is written, let it be known.

Overly optimistic.

If bitcoin price stabilize around this level, it will be good for the long term.

Asrael999

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Activity: 703

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Quote from: hellscabane on May 21, 2014, 09:13:33 AM

Oh, how I would love this to actually happen. It'd be a hell of a birthday gift, hehe. (Nothing like some awesome birthday money!)

But, I have no clue where all of the money would come from. After all, if this were to happen, the influx would have to outpace the needed amount to account for new minted coins. Assuming a 50% outpace, we're talking about $5 million a day growing to $20 million a day.

[Not that I'm saying it can't happen, but I just don't know where this money would come from.]

you are assuming all mined coins get sold - I know for a fact that not all of them do, as I don't sell all the ones I mine. In fact recently I have been acquiring coins rather than selling them.

I agree though that to push the price to a new all time high will require multiples of the new money that came in during October - December 2013, and I so not believe that investments of this scale are feasible until professional money has a reason (and a way) to buy bitcoin. Professional money at the moment is building bitcoin companies not buying coins, and I am not sure what if anything changes that in 2014, or even the first half of 2015.

Topic: Timeline over the next 2 months - page 3. (Read 6684 times)