Topic: We are headed to $50 - page 7. (Read 9240 times)

I do not think anyone can accurately  detect where the BTC price will go. The currency is still fairly new and still needs a few years for charts, stats, and other data to help predict future rise and falls.

I mean the stock market has been around for a while and folks still have a hard time predicting exactly where it may go day by day. However heavy accurate speculation exists and sometime right on the money. But with digital currency predictions it's still too soon. The only concrete evidence we know of is when the price dives significantly in a very short time usually has to do with some horrible horrible news and good news does not really make a difference as of yet. 

yeah, even if it never goes back to triple digits, we're all still winners if we can keep using BTC. every day is a party in BTC land.

whatever the price is bitcoin will still be used and continue to be improved.

Or you will get caught with your pants down at $150 as we zoom right past it. If you really do have a short that you're holding all the way down to $50 I'd be fun for you to actually show us some proof of it so when you get called on it I can have someone to joke around with

After the short to 50 run it up to 150 for 3X profit then short to 50 again

I would not at all complain if this were to happen - it would be a great chance get really cheap coins.

Great! Just received my '14 bonus, $50 would allow me to buy a ton of coins.

Well, then hopefully @ $50 the news specials will show how high the price once was and we'll get a mega trend reversal once the viewers go all in.

Aha, fractal similarity, why not mention Fibonacci's sequence, or the golden ratio phi, to make your statement even more true?
Can't wait for your analysis...

My guess is in the next month or two or three.

$50 @ when?   

2017? or 2020?   

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.