We are finally going to $22k - page 12.

teosanru

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Quote from: Pearls Before Swine on October 02, 2019, 01:19:08 PM

Quote from: teosanru on October 02, 2019, 12:30:11 PM

The thing is on one side it is hard to digest this as we have seen a long bear phase and a lot of fake ICOs shit which has almost lifted the trust of people from this cryptocurrency market as whole.

I dont think the various ICO scams have really had an effect on the price or perception of bitcoin. Those people who have gotten scammed by ICOs basically know bitcoin is safe. Their misfortune was to gamble on extremely risky ventures.

Dont know about that chart but there is no doubt in my mind that bitcoin will eventually reach $22k and beyond. The last dip we had was merely a hiccup in a trend that is overall upward in my opinion. Only question in my head is when its going to get there. I have my hopes up for sometime next year.

Quote from: Oilacris on October 02, 2019, 01:14:08 PM

the question is, would the history repeat itself?

I think it will but it doesn't necessarily have to. Enthusiasm for bitcoin will shoot up again after the weak hands have been shaken out of the market. Those are the ones who caused the price to slide to below $8000.

Actually the thing is market works on the basis of investor's confidence. After the ICO scams the common folks realized that cryptocurrencies are risky shit and not all of them will go up. Moreover this thing has also created clouds of doubts around the utility of cryptocurrency in first place. Moreover the thing is that without government backing investors are still not going to gain confidence regarding this.

Quote from: Kelvinid on October 02, 2019, 05:26:18 PM

Are we excited to see that? It probably yes, but the market seems to be in the hard ways to soar high at this time. We are still not leaving at $10k and $22k is very far enough to reach, it somehow to think it within 1-2years or it is just a dream.
How it was optimistic but the market reality seems not looking that great. If Bitcoin price may pump but not actually it will go far, and $15k is much achievable.

I would have agreed with you if this was any other market but in the btc market we have evidenced such exponential growth in a short period of time once before. Even in 2017 no one would have ever thought that BTC would go to 20k from 5k in matter of just a couple of months. Moreover no one thought market would fall from 19k to 3k again. But this is how crypto market works. These things do happen.

Kencha77

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I have seen this chart in many youtube videos already and what I can say is it is very possible but it will take a long time for this to happen. Most like it will happen in the next Bitcoin halving which will happen on 2020. Bitcoin going to $22k is possible but don't expect that it will happen in a very short time. It will take time more likely 1-2 years or 3. Just hold Bitcoin.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

There's no rush to break to a new high, but when we do it will be seatbelts on.

harizen

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Too much being optimistic might wrecked you.

Take those positive speculations or predictions based on charts as "reference" only.

As I said before, the chart will tell you some of "possible" outcomes in the future depending on the given factors, not it will tell you the exact thing to happen in a given timeframe.

I like to see a $20,000 level too, who else doesn't want it? It's just that it's not healthy to expect it too much. Just allow the process to move forward.

Oasisman

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Quote from: figmentofmyass on October 02, 2019, 05:35:02 PM

we're going way further than $22k next time around IMO. i'm betting on 6 figures.

Quote from: bittraffic on October 02, 2019, 01:23:20 PM

Looking at the chart as a whole we aren't after all experiencing bear market but just dipping just for 2-3 years and will probably go on rising again.

i don't think that's what the chartist is saying. he's comparing the current period to early 2012 or 2016, which suggests we'll slowly uptrend through the 2020 halving and then price will go parabolic the following year. then maybe we'll get a 2-3 year dip.

I think thats the same speculative discussions before, like every 3 years the Bitcoin price will hit the ATH and then followed by a bearish run for about 2-3 year.
Last ATH was 2017, so 2020 will be the 3rd year after the unprecedented ATH.

figmentofmyass

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we're going way further than $22k next time around IMO. i'm betting on 6 figures.

Quote from: bittraffic on October 02, 2019, 01:23:20 PM

Looking at the chart as a whole we aren't after all experiencing bear market but just dipping just for 2-3 years and will probably go on rising again.

i don't think that's what the chartist is saying. he's comparing the current period to early 2012 or 2016, which suggests we'll slowly uptrend through the 2020 halving and then price will go parabolic the following year. then maybe we'll get a 2-3 year dip.

Hippocrypto

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Quote from: Kelvinid on October 02, 2019, 05:26:18 PM

Are we excited to see that? It probably yes, but the market seems to be in the hard ways to soar high at this time. We are still not leaving at $10k and $22k is very far enough to reach, it somehow to think it within 1-2years or it is just a dream.
How it was optimistic but the market reality seems not looking that great. If Bitcoin price may pump but not actually it will go far, and $15k is much achievable.

Of course all of us have the desires to see it in the near future mate and since bitcoin is definitely building strong momentum while recovery is on its way, self control is very important. The fluctuations might be provoking, and there could be some factors that could trigger fears on some traders whose not skilled enough.

Kelvinid

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win lambo...

Are we excited to see that? It probably yes, but the market seems to be in the hard ways to soar high at this time. We are still not leaving at $10k and $22k is very far enough to reach, it somehow to think it within 1-2years or it is just a dream.
How it was optimistic but the market reality seems not looking that great. If Bitcoin price may pump but not actually it will go far, and $15k is much achievable.

bittraffic

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Looking at the chart as a whole we aren't after all experiencing bear market but just dipping just for 2-3 years and will probably go on rising again. I don't just dream of 22K though, I'm hoping for more. probably double it to 40K until the message to all the people in the world will be seen that we're in the age of digital currencies.

Pearls Before Swine

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Quote from: teosanru on October 02, 2019, 12:30:11 PM

The thing is on one side it is hard to digest this as we have seen a long bear phase and a lot of fake ICOs shit which has almost lifted the trust of people from this cryptocurrency market as whole.

I dont think the various ICO scams have really had an effect on the price or perception of bitcoin. Those people who have gotten scammed by ICOs basically know bitcoin is safe. Their misfortune was to gamble on extremely risky ventures.

Dont know about that chart but there is no doubt in my mind that bitcoin will eventually reach $22k and beyond. The last dip we had was merely a hiccup in a trend that is overall upward in my opinion. Only question in my head is when its going to get there. I have my hopes up for sometime next year.

Quote from: Oilacris on October 02, 2019, 01:14:08 PM

the question is, would the history repeat itself?

I think it will but it doesn't necessarily have to. Enthusiasm for bitcoin will shoot up again after the weak hands have been shaken out of the market. Those are the ones who caused the price to slide to below $8000.

Oilacris

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Yeah, charts are really good looking to watch specially for bullish sentiments and yes patterns do give us out some ideas to project on where

the price can possibly shoot up ahead of time but the question is, would the history repeat itself? No one can answer that but we can presume out those things
but we shouldn't expect too much but since halving is still on next year, we do still have that sufficient time.

teosanru

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Searching across the web. A very interesting Chart has come to my notice. I don't know who has analyzed but it says a lot about the story of bitcoin so far in a very large time frame.

The thing is on one side it is hard to digest this as we have seen a long bear phase and a lot of fake ICOs shit which has almost lifted the trust of people from this cryptocurrency market as whole. However, this analysis couldn't completely be neglected because we all know 0.5 retracements hold a pretty sacred place in every Technical Analysis. Maybe the waves don't count up it can be a correction downwards. But the whole trend line is still.

Disclaimer: This chart is shrinked a little bit to prove the point if you go to trading view you won't find a chart exactly like this one but the highs and lows are all correct. Better see a logarithmic chart for better similarity.

Topic: We are finally going to $22k - page 12. (Read 1895 times)