What would you consider a new ATH? | Bitcointalksearch.org

takingthis4

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Quote from: JimboToronto on March 02, 2017, 03:28:28 PM

Quote from: d5000 on January 04, 2017, 03:28:52 PM

What would you consider a new ATH?

Today's high.

Then, hopefully tomorrow's.

Cheesy

hahahah yeah, no matter which one was the real previous high it is now broken and we set a new all time high, that's it guys that's the day we long waited since mtgox and it has finally arrived. Let's hope that the price is not going to stop here and that it will go up to at least 1500 dollars now.

Quote from: valta4065 on February 25, 2017, 08:29:54 AM

Don't worry, you'll never have to ask this question when BTC will reach 1350, destroying all previous ATH Cool

No reason for the rise to really stop. The small dump isn't going to do anything!

your guesses became the truth, to be honest most of the people 2 years ago told me that bitcoin is shit and it is never going to return to it's high prices, now I can laugh at them all I want...

JimboToronto

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Quote from: d5000 on January 04, 2017, 03:28:52 PM

What would you consider a new ATH?

Today's high.

Then, hopefully tomorrow's.

Cheesy

d5000

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Well, now all major ATH's have been broken, Gold parity too. We can close this thread now Wink

(Oh wait: The CNY 8.888 ATH still holds Wink

But it is from 2017 not from 2013)

Post-ATH analysis:

There was less resistance at the MtGox high than I expected. So I think the majority of traders have considered the Bitstamp ATH of $1163 the most important one - we saw that in January there were successful shorts at this price mark. But at the end, the uptrend proved to be stronger than all resistance.

I think above all the ETF speculation should have paved the way to the new highs. It is very rational to think that an approval would mean at least a 30-40% increase over the ATH, and that a disapproval wouldn't lead to a crash that couldn't be recovered that year. (My prediction is: in the case of an approval, we will near the 2000 mark, and in case of a disapproval, a crash to 780-900. The only thing that could lead to a longer bear market is a continuation of the SegWit stalemate.)

uki

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Quote from: JimboToronto on February 24, 2017, 07:45:33 PM

I said it in the wall observer and I'll say it again here: I consider gold ounce parity to be the real ATH.

Fiat prices vary as we've seen, but gold was the original real money.

When we briefly passed the price of an ounce of gold in 2013, it was immediately dumped down and very soon after that China banned bitcoin use by its banks and the price plummeted.

We haven't touched it since.

That is a very nice observation, as the initial idea of Satoshi was actually to emulate the behaviour of real gold. Bitcoin very quickly went to the price of gold in 2013, and then there was a long correction, so most of people (myself included) forgot about going to the parity level. And now, out of the sudden, we are back at these level again. Gold in the meantime was held below $1300 level for four years. That only illustrates how humongous this current Bitcoin pump is. I doubt however we stay for longer at these levels.

d5000

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For now, MtGox's high seems to hold ... we're again at the levels of the Finex/Stamp highs and there was even a very small dump intent. We'll see on Monday if my prediction of "in 3 days it will be broken" is true Wink

JimboToronto also may be true that the resistance over 1220 may be due to the gold parity. Actually, the gold ounce price is at $1257. Gold is the standard speculation and saving vehicle in the finance industry, and also many Bitcoiners are sympathizing with Gold standards (above all, the Austrian School sympathizants, which are the majority of Bitcoin supporters) - so gold parity in my opinion is a relevant price mark.

valta4065

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Don't worry, you'll never have to ask this question when BTC will reach 1350, destroying all previous ATH Cool

No reason for the rise to really stop. The small dump isn't going to do anything!

BitDane

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Record is record I think the new ATH should pass the price of Mt.Gox even though it was manipulated way back that year, the price touched $1242, and it was one of the biggest exchange platform back then. So for me the new ATH would be surpassing $1242 per Bitcoin.

Seansky

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Well for me the new all time high that I would consider is the all time high that was higher than any of the price listed on the poll thus I choose other / wtf / omg / moon choice. I won't say it is new all time high unless it is 1$ higher than MtGox ATH which was considered the highest price that we have seen on bitcoin since it started. If it won't reach that price which is 1243$ I wouldn't even consider it as a new all time high.

uki

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Quote from: alani123 on February 24, 2017, 07:48:50 PM

Quote from: Silberman on February 24, 2017, 04:44:58 PM

This is a nice question OP since not everyone will have the same opinion but in a few weeks or months the question will be irrelevant and we will witness new ATH and the discussion will be over for good.

The latest price rise, (whilst more global and seemingly organic within the now larger bitcoin economy compared to the previous one), could very well be a product of price manipulation. If that's the case, support for such high prices wouldn't be sustainable for long. IMO, it's not too likely for the price to keep breaking all time highs on the following weeks, although that'd be nice.

It is a product of a manipulation, no doubt about it. If we look at the last, say, nine months, when price was below $500, not much has changed on the fundamental side. At least I don't see development increasing significantly the adoption that would justify more than twofold increase.

blockcha1n

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Anything above the old mt.gox ath would be a good enough for me.
What was it at $1242. So set it at $1250 just to be sure about it and no more quams about it from anyone when it comes up again.
Mmm.. okaaay? Cheesy

alani123

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Quote from: Silberman on February 24, 2017, 04:44:58 PM

This is a nice question OP since not everyone will have the same opinion but in a few weeks or months the question will be irrelevant and we will witness new ATH and the discussion will be over for good.

The latest price rise, (whilst more global and seemingly organic within the now larger bitcoin economy compared to the previous one), could very well be a product of price manipulation. If that's the case, support for such high prices wouldn't be sustainable for long. IMO, it's not too likely for the price to keep breaking all time highs on the following weeks, although that'd be nice.

JimboToronto

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You're never too old to think young.

I said it in the wall observer and I'll say it again here: I consider gold ounce parity to be the real ATH.

Fiat prices vary as we've seen, but gold was the original real money.

When we briefly passed the price of an ounce of gold in 2013, it was immediately dumped down and very soon after that China banned bitcoin use by its banks and the price plummeted.

We haven't touched it since.

Silberman

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This is a nice question OP since not everyone will have the same opinion but in a few weeks or months the question will be irrelevant and we will witness new ATH and the discussion will be over for good.

uki

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Quote from: BitHodler on February 24, 2017, 06:44:38 AM

Quote from: uki on February 24, 2017, 06:15:01 AM

Quote from: digaran on February 24, 2017, 05:31:52 AM

Here is the thing, bitcoin has no ATH and shouldn't have at all, if you think price will rise even more than $1200 then you should go for it with all you've got. have you ever thought about the last year? when price was at $400 ranges, what stops you from buying now?
How much bitcoin really worth to you? are you just waiting for others to risk their money to push the price towards the ATH?

Buying right now is very risky if you ask me. Have a look at the technical indicators and how much space do they have to the upside. Of course we can continue to rise for a while longer, but risk/reward is a bit too big for me to consider buying at these price levels.

Buying at current prices for short term purposes is a gamble since the price can literally move into any direction at this point.

But if you just plan to hodl your coins for at least a year, (preferably longer of course) then you can still enter at these prices. It all depends on your intentions.

Tell that people who entered for hodling next to the Mt. Gox top. I guess many sold below $500.
It is not my risk/reward game to enter at these levels. Even short term, it is not worth playing. Not any more.

d5000

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Quote from: Apraksin on February 24, 2017, 04:54:31 AM

Gox ATH is the psychological point regardless of all the fuzz that went on there at the time. I will not consider ATH broken before we pass 1242 $.

The price evolution seems to confirm this after the 1220->1090 dump. There seems to be much more resistance at this point than at the Bitstamp/Finex highs. But price is rapidly increasing again and I expect the next attack to $1220-1240 range in the next 24 hours.

It would be good to consolidate first (let's say a sideways market between 1160 and 1200) to break through in a sustainable way, but traders are not rational beings in front of a rally Grin

@TimoY: You are obvously right ... but the people that got out their money in December were still smarter than the believers that stayed there until the end ... that were not so few (I was among the lucky people who smelled the shit late but still got their BTC out, although I never had large funds in MtGox).

BitHodler

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Quote from: uki on February 24, 2017, 06:15:01 AM

Quote from: digaran on February 24, 2017, 05:31:52 AM

Here is the thing, bitcoin has no ATH and shouldn't have at all, if you think price will rise even more than $1200 then you should go for it with all you've got. have you ever thought about the last year? when price was at $400 ranges, what stops you from buying now?
How much bitcoin really worth to you? are you just waiting for others to risk their money to push the price towards the ATH?

Buying right now is very risky if you ask me. Have a look at the technical indicators and how much space do they have to the upside. Of course we can continue to rise for a while longer, but risk/reward is a bit too big for me to consider buying at these price levels.

Buying at current prices for short term purposes is a gamble since the price can literally move into any direction at this point.

But if you just plan to hodl your coins for at least a year, (preferably longer of course) then you can still enter at these prices. It all depends on your intentions.

Apraksin

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Moon?

Quote from: digaran on February 24, 2017, 05:31:52 AM

are you just waiting for others to risk their money to push the price towards the ATH?

Yes

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Quote from: digaran on February 24, 2017, 05:31:52 AM

Here is the thing, bitcoin has no ATH and shouldn't have at all, if you think price will rise even more than $1200 then you should go for it with all you've got. have you ever thought about the last year? when price was at $400 ranges, what stops you from buying now?
How much bitcoin really worth to you? are you just waiting for others to risk their money to push the price towards the ATH?

Buying right now is very risky if you ask me. Have a look at the technical indicators and how much space do they have to the upside. Of course we can continue to rise for a while longer, but risk/reward is a bit too big for me to consider buying at these price levels.

digaran

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🖤😏

Here is the thing, bitcoin has no ATH and shouldn't have at all, if you think price will rise even more than $1200 then you should go for it with all you've got. have you ever thought about the last year? when price was at $400 ranges, what stops you from buying now?
How much bitcoin really worth to you? are you just waiting for others to risk their money to push the price towards the ATH?

uki

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Quote from: afbitcoins on January 04, 2017, 04:40:51 PM

Gox was the biggest exchange at the time and the place everyone used as a proxy for bitcoin price so I go with the GOX price (at least for in US$ )

I agree. You have to take the context from these days into account. Back then it was Mt. Gox and pretty much only Mt. Gox. Therefore, and despite the price manipulation scheme, their result should be considered as the ATH value. Still, this discussion is not really important as these are just chartists tricks to paint the chart - one off transaction bears much less meaning than price at volume information.

Topic: What would you consider a new ATH? (Read 2706 times)