Topic: What is the peak of this bull run? - page 2. (Read 758 times)
Bitcoin bull run continues until it reaches 25000 dollars in 2018 Bitcoin already and will exceed everybody expectations in coming months and break it owns All time high
always rising market
Always rising market - in the last two years. where we see 30% corrections in worse case scenario
There was a bubble in 2011 which was more significant than that. There was two bubbles in 2013 that were worse than that. In all markets there are periodically bull markets and bear markets. which never even last longer than a month
Once again, there have been three periods lasting longer than a month, one of which lasted for two years.or maybe you saw the one time Mt Gox 500% pump within a month and think that can repeat?
Bubbles can occur, yes. 
It would be logical to have a correction of price at one point,this has always happened and it is likely to happen this time too.But it is difficult to predict when this bull run will stop,there are currently no indications that this will happen.I think we should not compared things from 2013 and this year,this is something quite different in every way.The number of users has increased several times,bitcoin has become popular and known to the wider audience and big players become investors.This price is just reflection of supply and demand in my opinion.
I am aware that 10k$ will be point where some people will sell,but I do not think we can slide down to 2000$, maybe in the worst scenario 5000$ would be the bottom line.
I am aware that 10k$ will be point where some people will sell,but I do not think we can slide down to 2000$, maybe in the worst scenario 5000$ would be the bottom line.
So I expect to see us smash through $10k perhaps even $11k or $12k followed by a big fall, maybe down to $2k if past performance is any guide.
what "past performance" is that? the always rising market where we see 30% corrections in worse case scenario which never even last longer than a month before price corrects back up to where it was before and continue rising?
that won't take us to $2k.
or maybe you saw the one time Mt Gox 500% pump within a month and think that can repeat?
I don't think bitcoins will have limits it's doesn't have a number to reach every1 is waiting for it to reach 10k and sell it maybe this will make the bitcoin loose there value I spec that in long term it will go higher then this and more bitcoins will be circulated globally
I personally feel that there will be a big drop in bitcoin at the time of the $10,000, because $10,000 is the price that many people are selling. So I think that's a top in the short term.
in recent days, some of the big funds are already entering the market.
Any proof of this statement!!!
I think there's going to be a big adjustment in 2018. But I don't agree with the idea that it's going to crash or slide. The main reason is that the market is now quite different from what it was a few years ago. Now the market is very big money, in recent days, some of the big funds are already entering the market.
It's difficult to use the past to predict the future with asset prices.
Since there's nothing really pegging down the price or any particularly strong fundamentals right now, the fact that the 2013 bubble peaked at $1000 is pretty much irrelevant to how it'll peak this time around.
It definitely seems likely that a correction will result in a massive crash though.
Since there's nothing really pegging down the price or any particularly strong fundamentals right now, the fact that the 2013 bubble peaked at $1000 is pretty much irrelevant to how it'll peak this time around.
It definitely seems likely that a correction will result in a massive crash though.
Look at the history of btc, shares whatever, they pretty much follow a steady long term growth rate.
However, there are always peaks and troughs on the way.
At the moment btc is way ahead of the long term trend and there is no way that this can be sustained based on historical correction. That doesn't mean it's going to happen now but it's very likely too soon.
I'm seeing an awful lot of similarity to when we approached $1000. Every one getting excited, almost everyone hyping the market and nobody wanting to miss the big $1k. And then we broke through that and we thought the sky is the limit. I think what followed was a sudden realisation that this was all on hype and not organic growth and as soon as it dips it snowballs as people want to make sure they get out while they are still in profit.
I might be wrong but I see the same thing happening here today, we are being drawn to $10k on excitement.
So I expect to see us smash through $10k perhaps even $11k or $12k followed by a big fall, maybe down to $2k if past performance is any guide.
Does anyone else see this?
However, there are always peaks and troughs on the way.
At the moment btc is way ahead of the long term trend and there is no way that this can be sustained based on historical correction. That doesn't mean it's going to happen now but it's very likely too soon.
I'm seeing an awful lot of similarity to when we approached $1000. Every one getting excited, almost everyone hyping the market and nobody wanting to miss the big $1k. And then we broke through that and we thought the sky is the limit. I think what followed was a sudden realisation that this was all on hype and not organic growth and as soon as it dips it snowballs as people want to make sure they get out while they are still in profit.
I might be wrong but I see the same thing happening here today, we are being drawn to $10k on excitement.
So I expect to see us smash through $10k perhaps even $11k or $12k followed by a big fall, maybe down to $2k if past performance is any guide.
Does anyone else see this?
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