Greece is nothing to compare China's stock market
http://qz.com/439748/its-official-chinas-stocks-are-now-in-a-bear-market/
Topic: Tony Gallippi of BitPay suggests $600 by September EDIT: $610-$1250 (Read 2171 times)
June 29, 2015, 10:01:07 AM
You know there's a surprise waiting when there the forum is full of bears. Same thing happened when the forum was full of bulls!
June 29, 2015, 09:30:18 AM
Today in Tony's Trading Tips:
Quote from: @TonyGallippi
nice risk-reward here #bitcoin long @ $255 stop $220 target $600 chart: https://www.tradingview.com/x/SgxDSXV5/
https://twitter.com/TonyGallippi/status/615522291523395584
nice risk-reward here #bitcoin long @ $255 stop $220 target $600 chart: https://www.tradingview.com/x/SgxDSXV5/
https://twitter.com/TonyGallippi/status/615522291523395584
June 29, 2015, 09:10:10 AM
June 29, 2015, 03:08:41 AM
Here is my suggestion 
June 29, 2015, 02:43:48 AM
We are always moving away from the bear trend every month or so, how long does it last lol The price is not going to $600+ this year however much people need/want it to. Lets break $300's for more than a week and come back to talk.
June 29, 2015, 02:20:14 AM
Now Tony thinks we can go to $1200
The #bitcoin market just needs a little GREASE to get unstuck. #Grexit price targets $610 and $1250
https://twitter.com/TonyGallippi/status/615207234897846276
The #bitcoin market just needs a little GREASE to get unstuck. #Grexit price targets $610 and $1250
https://twitter.com/TonyGallippi/status/615207234897846276
i think this start to be a little too optimistical and a more unrealistic, while 600 could have been a good guess because of all the recent drama, return to the previous ath so easily, sounds a bit random
we are just moving away from the bear trend, i doubt we can rise in two months to a high price like that, when we are still facing troubles in dealing with the 250-300 range...
June 29, 2015, 12:07:08 AM
600 USD wow, I really hope so, that'd go a long, long way to repairing BTC's image/reputation. Correct me if I'm wrong but if the Grexit happens then other countries will be in financial trouble & it's not impossible that the Grexit could cause a snowball effect?
I'm sure I read somewhere that Greece owe France an astronomical amount of fiat.
I'm sure I read somewhere that Greece owe France an astronomical amount of fiat.
The chances of bitcoin boosting to 600$ till September is HIGHLY UNLIKELY, I think it will rise to 300$ itself till December. The price stabilizes and it needs more demand and supply in the market to boost price and that can only happen if bitcoin becomes a trend through media and gets attention, or a lot of people adopt to bitcoin and we supporters start talking more about it.
June 28, 2015, 06:49:42 PM
To me that seems extremely unlikely. I just can't see Grexit doing much for bitcoin.
In my opinion what we need is a new killer application. Like what Silk Road did.
No use = no uptrend.
In my opinion what we need is a new killer application. Like what Silk Road did.
No use = no uptrend.
Meh. The price goes up if demand goes up. Demand can go for speculation and/or for store of value long term investment.
June 28, 2015, 12:21:05 PM
Now Tony thinks we can go to $1200
The #bitcoin market just needs a little GREASE to get unstuck. #Grexit price targets $610 and $1250
https://twitter.com/TonyGallippi/status/615207234897846276
The #bitcoin market just needs a little GREASE to get unstuck. #Grexit price targets $610 and $1250
https://twitter.com/TonyGallippi/status/615207234897846276
June 28, 2015, 12:10:32 PM
Vibe is public will vote yes and stay in the eurozone. You can even bet on it. 1/3 odds on a yes vote.
June 28, 2015, 12:06:34 PM
Well it's official... Bloomberg: Greek Banks to Remain Closed Monday: Piraeus Bank CEO
http://www.bloomberg.com/news/articles/2015-06-28/running-out-of-cash-greece-counts-on-ecb-to-avert-black-monday
Tuesday is the deadline, will they be open on Tuesday ready for the bank run? Or will there be a last minute "deal" tomorrow in an attempt to quell the Tuesday rush on banks?
http://www.bloomberg.com/news/articles/2015-06-28/running-out-of-cash-greece-counts-on-ecb-to-avert-black-monday
Tuesday is the deadline, will they be open on Tuesday ready for the bank run? Or will there be a last minute "deal" tomorrow in an attempt to quell the Tuesday rush on banks?
no deals anymore - there will be a referendum where the greece people will decide.
the funny thing:
the referendum is at sunday, but until then the offer from EU and IMF is already void.
so in fact it is all just a bullshit show.
June 28, 2015, 12:03:16 PM
Well it's official... Bloomberg: Greek Banks to Remain Closed Monday: Piraeus Bank CEO
http://www.bloomberg.com/news/articles/2015-06-28/running-out-of-cash-greece-counts-on-ecb-to-avert-black-monday
Tuesday is the deadline, will they be open on Tuesday ready for the bank run? Or will there be a last minute "deal" tomorrow in an attempt to quell the Tuesday rush on banks?
http://www.bloomberg.com/news/articles/2015-06-28/running-out-of-cash-greece-counts-on-ecb-to-avert-black-monday
Tuesday is the deadline, will they be open on Tuesday ready for the bank run? Or will there be a last minute "deal" tomorrow in an attempt to quell the Tuesday rush on banks?
June 28, 2015, 11:58:24 AM
IMO, the exchange rates are likely to remain flat until 2016, when the block reward halves.
Traders see this coming. The run-up will happen BEFORE the block reward halving, not after (although supply and demand says it may create a lighter downward pressure, obviously). The price leading up to it isn't as much a supply and demand issue as it is a "everyone knows what's going to happen" issue. When I was a young trader learning the stock market, someone much more experienced than me told me that an equity's price is a prediction of what is going to happen over the next 9 months. You are trading against people's future expectations, not the current situation. Everyone is expecting the price to rise due to the block reward halving, so they will pile in beforehand, many with the intent to sell once the reward happens to bank profits. Ever heard the old Wall Street saying of, "Buy the rumor, sell the news?"
June 28, 2015, 11:55:02 AM
The trade volumes are very weak right now, and if they don't pickup very significantly in the next few months, I can't imagine how the exchange rate of $600 can be reached in 3 months time. I was expecting some sort of a miracle from Greece, but it looks increasingly unlikely now. IMO, the exchange rates are likely to remain flat until 2016, when the block reward halves.
The volume was pretty weak before the October 2013 run up as well. It might just take a catalyst to sway the price in one direction and then the volume will follow the price instead of the volume triggering the price movement.
June 28, 2015, 11:42:34 AM
The trade volumes are very weak right now, and if they don't pickup very significantly in the next few months, I can't imagine how the exchange rate of $600 can be reached in 3 months time. I was expecting some sort of a miracle from Greece, but it looks increasingly unlikely now. IMO, the exchange rates are likely to remain flat until 2016, when the block reward halves.
June 28, 2015, 11:33:01 AM
To me that seems extremely unlikely. I just can't see Grexit doing much for bitcoin.
In my opinion what we need is a new killer application. Like what Silk Road did.
No use = no uptrend.
In my opinion what we need is a new killer application. Like what Silk Road did.
No use = no uptrend.
Supply and demand affects price, primarily. Price is speculative as it always has been and does not accurately reflect fundamentals. There is more use now than when price was at $1000.
We are sitting in the trough of a six month accumulation range at a weekly double bottom, and flirting with big technical milestones like the long term downtrend line and the 200 day MA. Any rally from here is going to be very powerful, shorters beware.
Tony is right. An analysis of a trend reversal from this point puts us in the $600 range, easy. Remember every move in the market sets up the next one in terms of supply and demand. The long bear market was an unraveling of the insane $1200 bubble. What kind of corrective move would result from an 18 month bear market?
June 28, 2015, 11:26:47 AM
To me that seems extremely unlikely. I just can't see Grexit doing much for bitcoin.
In my opinion what we need is a new killer application. Like what Silk Road did.
No use = no uptrend.
In my opinion what we need is a new killer application. Like what Silk Road did.
No use = no uptrend.
We've had uptrends before with less use then bitcoin has right now. If left alone bitcoin does tend to go up over time. A killer app would be nice for fast growth but i think we'll see growth all the same like in the past.
June 28, 2015, 11:04:36 AM
600 USD wow, I really hope so, that'd go a long, long way to repairing BTC's image/reputation. Correct me if I'm wrong but if the Grexit happens then other countries will be in financial trouble & it's not impossible that the Grexit could cause a snowball effect?
I'm sure I read somewhere that Greece owe France an astronomical amount of fiat.
I'm sure I read somewhere that Greece owe France an astronomical amount of fiat.
June 28, 2015, 10:47:47 AM
It's not like bitcoin in regards to grexit is a all or nothing scenario. I'm sure a small percentage of wealth will flow into bitcoin as the wealthy try to figure out the best ways to secure their fortunes. High inflation will happen is Greece leaves the euro.
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