$50 @ when? 
2017? or 2020?
2017? or 2020?
My guess is in the next month or two or three.
That is the best joke I have ever heard.
Its so funny to see people spread FUD like this and some are dumb enough to believe it.
Topic: We are headed to $50 - page 5. (Read 9240 times)
My guess is in the next month or two or three.
That is the best joke I have ever heard.
Its so funny to see people spread FUD like this and some are dumb enough to believe it.
the next 2 months will be critical 
I've been thinking a lot about the current state of affairs, and the picture has started to become clear. This bear market is as painful (and in many ways more painful) as the 2011-2012 bear market. That suggests that the "level" of the current bear market within the cycle corresponds to that previous bear market.
That means that the corresponding bull markets are:
$0 ---> $32
$2 ---> $1160
In order for a bull market to be born, the price has to revisit very close to the bull market peak one cycle back. That's the only way the weak hands will be shaken out. We've had a lot of weak hands who still think every $20 upswing is the start of a new bubble, who think making money in Bitcoin is easy, and who still have "faith" in the price without knowing the first thing about the technology. They need to be shaken out because they're weak hands; they're dumb money. Only when they're replaced by stronger hands who think long term and know better Bitcoin's place in the future world will the new bull market be born.
In other words, the price has to get close to $32. And by that, I don't mean "close" in linear terms, but rather, in log terms, so there's more room for error. I think the final low will be something more like $50-$80.
I'm going to be buying hand-over-fist at those levels from the weak hands who will panic sell.
Also, based on some fractal similarity I'm seeing--which I will divulge later after the new bull starts--the next bull will be powerful, as powerful on a log scale as the prior two full cycles combined. When the dumb money panics, it will be the buying opportunity of a lifetime.
I just don't believe that anything you are saying is true. You cannot predict the price you cannot predict anything related to price and volume.That means that the corresponding bull markets are:
$0 ---> $32
$2 ---> $1160
In order for a bull market to be born, the price has to revisit very close to the bull market peak one cycle back. That's the only way the weak hands will be shaken out. We've had a lot of weak hands who still think every $20 upswing is the start of a new bubble, who think making money in Bitcoin is easy, and who still have "faith" in the price without knowing the first thing about the technology. They need to be shaken out because they're weak hands; they're dumb money. Only when they're replaced by stronger hands who think long term and know better Bitcoin's place in the future world will the new bull market be born.
In other words, the price has to get close to $32. And by that, I don't mean "close" in linear terms, but rather, in log terms, so there's more room for error. I think the final low will be something more like $50-$80.
I'm going to be buying hand-over-fist at those levels from the weak hands who will panic sell.
Also, based on some fractal similarity I'm seeing--which I will divulge later after the new bull starts--the next bull will be powerful, as powerful on a log scale as the prior two full cycles combined. When the dumb money panics, it will be the buying opportunity of a lifetime.
Its all a black swan. You will soon realise that alll of your predictions will fail and the things would go in haphazardous directions. You know exactly equal to what an illiterate knows about the prices.
Enough already. Guys, put this thread out of its misery.
I've been thinking a lot about the current state of affairs, and the picture has started to become clear. This bear market is as painful (and in many ways more painful) as the 2011-2012 bear market. That suggests that the "level" of the current bear market within the cycle corresponds to that previous bear market.
That means that the corresponding bull markets are:
$0 ---> $32
$2 ---> $1160
In order for a bull market to be born, the price has to revisit very close to the bull market peak one cycle back. That's the only way the weak hands will be shaken out. We've had a lot of weak hands who still think every $20 upswing is the start of a new bubble, who think making money in Bitcoin is easy, and who still have "faith" in the price without knowing the first thing about the technology. They need to be shaken out because they're weak hands; they're dumb money. Only when they're replaced by stronger hands who think long term and know better Bitcoin's place in the future world will the new bull market be born.
In other words, the price has to get close to $32. And by that, I don't mean "close" in linear terms, but rather, in log terms, so there's more room for error. I think the final low will be something more like $50-$80.
I'm going to be buying hand-over-fist at those levels from the weak hands who will panic sell.
Also, based on some fractal similarity I'm seeing--which I will divulge later after the new bull starts--the next bull will be powerful, as powerful on a log scale as the prior two full cycles combined. When the dumb money panics, it will be the buying opportunity of a lifetime.
I just don't believe that anything you are saying is true. You cannot predict the price you cannot predict anything related to price and volume.That means that the corresponding bull markets are:
$0 ---> $32
$2 ---> $1160
In order for a bull market to be born, the price has to revisit very close to the bull market peak one cycle back. That's the only way the weak hands will be shaken out. We've had a lot of weak hands who still think every $20 upswing is the start of a new bubble, who think making money in Bitcoin is easy, and who still have "faith" in the price without knowing the first thing about the technology. They need to be shaken out because they're weak hands; they're dumb money. Only when they're replaced by stronger hands who think long term and know better Bitcoin's place in the future world will the new bull market be born.
In other words, the price has to get close to $32. And by that, I don't mean "close" in linear terms, but rather, in log terms, so there's more room for error. I think the final low will be something more like $50-$80.
I'm going to be buying hand-over-fist at those levels from the weak hands who will panic sell.
Also, based on some fractal similarity I'm seeing--which I will divulge later after the new bull starts--the next bull will be powerful, as powerful on a log scale as the prior two full cycles combined. When the dumb money panics, it will be the buying opportunity of a lifetime.
Its all a black swan. You will soon realise that alll of your predictions will fail and the things would go in haphazardous directions. You know exactly equal to what an illiterate knows about the prices.
Ultimately nobody can predict the future with 100% certainty. Sometimes people make predictions and get it right through luck or skill, but nobody gets it right every time.
I've been thinking a lot about the current state of affairs, and the picture has started to become clear. This bear market is as painful (and in many ways more painful) as the 2011-2012 bear market. That suggests that the "level" of the current bear market within the cycle corresponds to that previous bear market.
That means that the corresponding bull markets are:
$0 ---> $32
$2 ---> $1160
In order for a bull market to be born, the price has to revisit very close to the bull market peak one cycle back. That's the only way the weak hands will be shaken out. We've had a lot of weak hands who still think every $20 upswing is the start of a new bubble, who think making money in Bitcoin is easy, and who still have "faith" in the price without knowing the first thing about the technology. They need to be shaken out because they're weak hands; they're dumb money. Only when they're replaced by stronger hands who think long term and know better Bitcoin's place in the future world will the new bull market be born.
In other words, the price has to get close to $32. And by that, I don't mean "close" in linear terms, but rather, in log terms, so there's more room for error. I think the final low will be something more like $50-$80.
I'm going to be buying hand-over-fist at those levels from the weak hands who will panic sell.
Also, based on some fractal similarity I'm seeing--which I will divulge later after the new bull starts--the next bull will be powerful, as powerful on a log scale as the prior two full cycles combined. When the dumb money panics, it will be the buying opportunity of a lifetime.
I just don't believe that anything you are saying is true. You cannot predict the price you cannot predict anything related to price and volume.That means that the corresponding bull markets are:
$0 ---> $32
$2 ---> $1160
In order for a bull market to be born, the price has to revisit very close to the bull market peak one cycle back. That's the only way the weak hands will be shaken out. We've had a lot of weak hands who still think every $20 upswing is the start of a new bubble, who think making money in Bitcoin is easy, and who still have "faith" in the price without knowing the first thing about the technology. They need to be shaken out because they're weak hands; they're dumb money. Only when they're replaced by stronger hands who think long term and know better Bitcoin's place in the future world will the new bull market be born.
In other words, the price has to get close to $32. And by that, I don't mean "close" in linear terms, but rather, in log terms, so there's more room for error. I think the final low will be something more like $50-$80.
I'm going to be buying hand-over-fist at those levels from the weak hands who will panic sell.
Also, based on some fractal similarity I'm seeing--which I will divulge later after the new bull starts--the next bull will be powerful, as powerful on a log scale as the prior two full cycles combined. When the dumb money panics, it will be the buying opportunity of a lifetime.
Its all a black swan. You will soon realise that alll of your predictions will fail and the things would go in haphazardous directions. You know exactly equal to what an illiterate knows about the prices.
I have a small buy order at $200.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
No, I'd say its becoming more and more possible every day. I just saw some major japanese retailer saying they are considering accepting btc, and historically that makes the price drop cause they instantly convert to fiat. I think double digits are entirely possible, although that price may only last briefly...
This horizontal trend will continue for some time. A major bull market run could break out close to the block reward halving in 2016.
Persistently anemic volume and never any buying interest to speak of. That is the problem for the price of bitcoin. Forget all the usual excuses from bitcoin experts and geniuses. Focus on what they avoid discussing.
The space is in limbo at present. Believers have spent a lot of their reserves. Newbies should rightly be cautious taking the last few months into account. I think it'll be pretty dead until there are some more compelling reasons to pile in.
www.coindesk.com/bitcoin-de-launches-integration-with-fidor-bank-accounts/
http://www.coindesk.com/t-mobile-poland-trials-bitcoin-top-ups-for-mobile-customers/
https://www.cryptocoinsnews.com/bitcoin-foundation-launches-public-education-campaign-bitcoin/
just to name a few ..
fact is that there are compelling reasons to pile in, but the traders need to shake off the feeling last year has given them.
once the momentum builds up, there will be another bullrun.
cheers
I have a small buy order at $200.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
No, I'd say its becoming more and more possible every day. I just saw some major japanese retailer saying they are considering accepting btc, and historically that makes the price drop cause they instantly convert to fiat. I think double digits are entirely possible, although that price may only last briefly...
Hold for very long? I guess since it's about 1% of my investments. Will I continue to hold.. yeah probably another 15 years until I want to invest into something else. Actually of that 1% in Bitcoin.. about 20% of that goes into startups. Diversity is key to investing. I wouldn't say anemic volume either. Just look at some charts. Jan/Feb had some heavy volume at the bottom of the curve. That indicates to me there is a lot of pressure in that range that won't be breeched anytime soon.
My grip is firm thank you
15 years is a good amount to hold. Diversifying is good but don't get too lost, most successful long term traders don't hold more than 10 assets. My grip is firm thank you
Hold for very long? I guess since it's about 1% of my investments. Will I continue to hold.. yeah probably another 15 years until I want to invest into something else. Actually of that 1% in Bitcoin.. about 20% of that goes into startups. Diversity is key to investing. I wouldn't say anemic volume either. Just look at some charts. Jan/Feb had some heavy volume at the bottom of the curve. That indicates to me there is a lot of pressure in that range that won't be breeched anytime soon.
My grip is firm thank you
My grip is firm thank you
It´s good that your grip is firm. Maybe you need to work on the attention span. What I was referring to was
Quote
I haven't seen any compelling evidence to suggest anemic volume will hold true for very long.
Hold for very long? I guess since it's about 1% of my investments. Will I continue to hold.. yeah probably another 15 years until I want to invest into something else. Actually of that 1% in Bitcoin.. about 20% of that goes into startups. Diversity is key to investing. I wouldn't say anemic volume either. Just look at some charts. Jan/Feb had some heavy volume at the bottom of the curve. That indicates to me there is a lot of pressure in that range that won't be breeched anytime soon.
My grip is firm thank you
My grip is firm thank you
Guess you guys missed the Fed Auction. I believe things are in a holding pattern to keep money away from the fed. Am I the only one that can see this? So far, I haven't seen any compelling evidence to suggest anemic volume will hold true for very long.
Just an example, if I wanted to invest right now. Would definitely put my hand in for the fed auction and not on an exchange right now. Afterwards would be a totally different scenario.
Just an example, if I wanted to invest right now. Would definitely put my hand in for the fed auction and not on an exchange right now. Afterwards would be a totally different scenario.
Hold for very long ? Get a grip.
Bitcoin volume has been anemic and there has been no buying interest for over a year. For some reason it hasn´t seemed to be on the verge of collapsing to the next bottom for a whopping month now but I wouldn´t hold my breath.
Guess you guys missed the Fed Auction. I believe things are in a holding pattern to keep money away from the fed. Am I the only one that can see this? So far, I haven't seen any compelling evidence to suggest anemic volume will hold true for very long.
Just an example, if I wanted to invest right now. Would definitely put my hand in for the fed auction and not on an exchange right now. Afterwards would be a totally different scenario.
Just an example, if I wanted to invest right now. Would definitely put my hand in for the fed auction and not on an exchange right now. Afterwards would be a totally different scenario.
Persistently anemic volume and never any buying interest to speak of. That is the problem for the price of bitcoin. Forget all the usual excuses from bitcoin experts and geniuses. Focus on what they avoid discussing.
The space is in limbo at present. Believers have spent a lot of their reserves. Newbies should rightly be cautious taking the last few months into account. I think it'll be pretty dead until there are some more compelling reasons to pile in.
I have a small buy order at $200.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
No, I'd say its becoming more and more possible every day. I just saw some major japanese retailer saying they are considering accepting btc, and historically that makes the price drop cause they instantly convert to fiat. I think double digits are entirely possible, although that price may only last briefly...
Persistently anemic volume and never any buying interest to speak of. That is the problem for the price of bitcoin. Forget all the usual excuses from bitcoin experts and geniuses. Focus on what they avoid discussing.
Double digits would be depressing as hell but on the flip side it would give us all a chance to accumulate more btc. No more early adopter syndrome.
It would appear this might be the reason we don't see sub $100... I really thought we where going there but I am unsure anymore.. So many people wanting to buy at sub $100 I have a feeling the same group will put buys in at sub $150..
Double digits would be depressing as hell but on the flip side it would give us all a chance to accumulate more btc. No more early adopter syndrome.
I have a small buy order at $200.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
No, I'd say its becoming more and more possible every day. I just saw some major japanese retailer saying they are considering accepting btc, and historically that makes the price drop cause they instantly convert to fiat. I think double digits are entirely possible, although that price may only last briefly...
I have a small buy order at $200.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.
Beyond impossible.
Also, based on some fractal similarity I'm seeing--which I will divulge later after the new bull starts--the next bull will be powerful, as powerful on a log scale as the prior two full cycles combined. When the dumb money panics, it will be the buying opportunity of a lifetime.
that is if we ever reached that level. I always believe $100 should be the psychological level, that is if anybody is willing to dump at that price, there will never be short of buyers. So technically it will bounce off nicely and return back to much higher level. And yes, it's a buying opportunity of a lifetime. And our chance to be early adopters.
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