When the all time high gets smashed | Bitcointalksearch.org

afbitcoins

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Quote from: nightrider on October 29, 2017, 06:57:07 PM

I'm not impressed, and I think it's normal. Do not overdo it.

Not impressed, with what? It's normal... what is? Overdo what?

lol I don't understand your comment. I can have a guess though.

Not impressed that bitcoin smashing its old high looks like the other times. Its normal, as in bitcoin won't crash this time. Its the new normal? Don't overdo it, I have an implication price will fall after it hits a peak?

nightrider

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Quote from: afbitcoins on February 18, 2017, 05:34:15 PM

A view of bitcoin all time highs being smashed

Here is what bitcoin looked like at one time at the start of 2013. Bitcoin all time high was around 32$ a bubble peak and after a huge correction the price had recovered enough to get close to that old bubble top.

Shortly after that it looked like this.

The all time high was smashed! The old all time high now looking like a shrivelled little bump.

Bitcoin found itself in a very similar formation not long after but at a much higher price level, this time the all time high was at about $260. Bitcoin at the time had recovered from the Silk Road Seizure and was once again close to an all time high.

Shortly after that it looked like this.

Again bitcoin proved the doubters wrong and the all time high was smashed!

Heres todays chart, once again the old all time high dominates but somehow bitcoin has recovered to challenge that old high

Who knows what happens next ?? Huh

Edit:

As of end of October 2017, now looking like this

I'm not impressed, and I think it's normal. Do not overdo it.

afbitcoins

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Just thought I'd bump my old all time high smashed thread to celebrate the new highs.

Above $6000 now, bitcoin was barely above $1000 when I started it

On this log chart, bitcoin still looks quite happily entrenched in its bullish channel

digaran

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I wish I was around when price was under $20 however even now with $2600 if I had cash at my disposal I'd invested 40% of it and not more in to Bitcoin. I can predict $3600 in next 2 months maybe? I now realize that hodling is not always good rather putting the money in to work by trading actively is much more profitable but riskier at the same time.

YuginKadoya

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I am looking at the charts and chart after chart there is an improvement on the price of bitcoin and I think it will still goes up after Japan has solidify bitcoin in their country and in 2018 Russia will be the next in accepting bitcoin for investment, transaction and security purpose I think it will hit a $3000 mark within the mid of june if it would still continued to step up forward.

afbitcoins

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Quote from: hector3115 on May 24, 2017, 07:57:42 PM

Quote from: afbitcoins on May 24, 2017, 03:00:32 PM

Next resistance at $17000 ?

*snip*

I think thats my favorite chart of the hundreds that Ive seen uploaded to trading view!

You're sitting at 1 mil before the 2020 halving!

Seems crazy but who the fuck knows? If the elite starts getting FOMO it's over.

Thanks for great compliment. I enjoy making ultra bullish predictions. sometimes they do happen. Who the fuck knows indeed. I remember way back calling for $500 bitcoin was viewed as crazy by some.

That channel is real and includes data as far back as early MtGox days, the 'predictions' on the end are a bit of fun. In reality I don't think bitcoin is very likely to get as high as 17K before next big crash. But it could Shocked

hector3115

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Quote from: afbitcoins on May 24, 2017, 03:00:32 PM

Next resistance at $17000 ?

I think thats my favorite chart of the hundreds that Ive seen uploaded to trading view!

You're sitting at 1 mil before the 2020 halving!

Seems crazy but who the fuck knows? If the elite starts getting FOMO it's over.

spazzdla

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Is that a target of 17k my fine super saiyan friend, well I like it.

It would seem the longer the dip the harder the bump.. strap in.

shinratensei_

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Quote from: afbitcoins on May 09, 2017, 03:52:58 PM

Quote from: Xetamin on May 09, 2017, 12:16:03 PM

Quote from: rajasumi3 on May 09, 2017, 12:08:39 PM

When the all time high get smashed i keep waiting for new records and wait until another one breaks one after another.according to me breaking records is quite interesting and would love to see it every time it breaks.

In the past few weeks, almost daily recored was set. I think it will last for some time.

Maybe it will last for some time, compared to other big bitcoin bull runs in the past this one seems more gradual, although it looks like a correction is in progress just now

There is no correction right now. The straight line for the bullish trend. My prediction if there will be a good news and it just keeps the price will pump more and more.

The SegWit agreement combined with hardfork plan for six months later.
It looks the blocksize increase to 2MB is real.

I'm speculation the price will touch $3000 in the future, at least before the SegWit will have implemented in the future.

Junko

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All this has happened before and will happen again... again... again... again...

https://www.youtube.com/watch?v=6bOy3RNyWME&ab_channel=MikeSchatz

afbitcoins

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Next resistance at $17000 ?

edit: Replaced image with another version scaled to fit screen better.

afbitcoins

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Crazy big green candles

afbitcoins

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Quote from: Xetamin on May 09, 2017, 12:16:03 PM

Quote from: rajasumi3 on May 09, 2017, 12:08:39 PM

When the all time high get smashed i keep waiting for new records and wait until another one breaks one after another.according to me breaking records is quite interesting and would love to see it every time it breaks.

In the past few weeks, almost daily recored was set. I think it will last for some time.

Maybe it will last for some time, compared to other big bitcoin bull runs in the past this one seems more gradual, although it looks like a correction is in progress just now

Xetamin

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Quote from: rajasumi3 on May 09, 2017, 12:08:39 PM

When the all time high get smashed i keep waiting for new records and wait until another one breaks one after another.according to me breaking records is quite interesting and would love to see it every time it breaks.

In the past few weeks, almost daily recored was set. I think it will last for some time.

rajasumi3

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When the all time high get smashed i keep waiting for new records and wait until another one breaks one after another.according to me breaking records is quite interesting and would love to see it every time it breaks.

AngelSky

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Quote from: arwin100 on May 09, 2017, 08:30:14 AM

Quote from: secdark on May 09, 2017, 08:07:42 AM

Quote from: Viviyang on May 06, 2017, 10:37:07 AM

Quote from: Grillo on May 06, 2017, 05:19:28 AM

When the all time high gets smashed: price goes x5

Time will tell...

Speculating 5x price is too much of optimism amidst many problems in bitcoin protocol like the most feared transaction times.
I researched from the charts and came to the conclusion that this is a good time for traders to sell and wait for the price to come down.

it is good to buy bitcoin if the price is low but i think the price right now will not go down because of the high price and sort of a ton of people adopting bitcoin in their lives. Speculating 5x is too much right now but in the near future is real. Think in the first quarter of the year in 2016 the price of is too low then now the price is triple with the price before i think it is posible 2-3 years from now

In addition japans adoption is totally a big help for this current increased and surely the satisfactory ratings for it will remain at positive stance. So if this matter will still up then speculation of its another price breakthrough will be achieve later on following years we should hold and stand positive for now so that we will not be left by those thousands of people who have been happy for the profit they've get on this current surge.

After Japanese Government adopted bitcoin price is increased and touched the next peak value. I hope they only have world's most number of Exchanges available with them. Even I happy with this price pump but many signature campaigns and project holders reduced their stack value and their payment in btc as well.

arwin100

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Quote from: secdark on May 09, 2017, 08:07:42 AM

Quote from: Viviyang on May 06, 2017, 10:37:07 AM

Quote from: Grillo on May 06, 2017, 05:19:28 AM

When the all time high gets smashed: price goes x5

Time will tell...

Speculating 5x price is too much of optimism amidst many problems in bitcoin protocol like the most feared transaction times.
I researched from the charts and came to the conclusion that this is a good time for traders to sell and wait for the price to come down.

it is good to buy bitcoin if the price is low but i think the price right now will not go down because of the high price and sort of a ton of people adopting bitcoin in their lives. Speculating 5x is too much right now but in the near future is real. Think in the first quarter of the year in 2016 the price of is too low then now the price is triple with the price before i think it is posible 2-3 years from now

In addition japans adoption is totally a big help for this current increased and surely the satisfactory ratings for it will remain at positive stance. So if this matter will still up then speculation of its another price breakthrough will be achieve later on following years we should hold and stand positive for now so that we will not be left by those thousands of people who have been happy for the profit they've get on this current surge.

secdark

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Quote from: Viviyang on May 06, 2017, 10:37:07 AM

Quote from: Grillo on May 06, 2017, 05:19:28 AM

When the all time high gets smashed: price goes x5

Time will tell...

Speculating 5x price is too much of optimism amidst many problems in bitcoin protocol like the most feared transaction times.
I researched from the charts and came to the conclusion that this is a good time for traders to sell and wait for the price to come down.

it is good to buy bitcoin if the price is low but i think the price right now will not go down because of the high price and sort of a ton of people adopting bitcoin in their lives. Speculating 5x is too much right now but in the near future is real. Think in the first quarter of the year in 2016 the price of is too low then now the price is triple with the price before i think it is posible 2-3 years from now

afbitcoins

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Bitcoin is smashing its way to new all time highs! Shocked

(And many here will be happy to also note a bloodbath in the alts today)

Heres a 1 hour log chart, in which I can see break out above the channel I've followed for ages.

Although there was resistance, it was not as much as I expected. Does this mean bitcoin is going to go rampaging finally to its next huge bubble, making the old all time high look like a little bump?

On longer timescale it doesn't yet look like a confirmed breakout..

The top of this channel has had a couple of brief spikes above it before. This is exciting for definite, but with unresolved decisions about scaling I'm not sure yet. Still bitcoin is already surprising me so far and who know how far it can continue now?

Viviyang

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Quote from: Grillo on May 06, 2017, 05:19:28 AM

When the all time high gets smashed: price goes x5

Time will tell...

Speculating 5x price is too much of optimism amidst many problems in bitcoin protocol like the most feared transaction times.
I researched from the charts and came to the conclusion that this is a good time for traders to sell and wait for the price to come down.

AngelSky

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Quote from: Grillo on May 06, 2017, 05:19:28 AM

When the all time high gets smashed: price goes x5

Time will tell...

I just checked now and we reached the high peak value in the price chart from the past two days and now price seems settled in the 1589$ for a bitcoin. I don't know why even ETH value also getting increased along with the bitcoin price. I read above posts says about the bubble and combine all the coins together. Will it be gonna happen for sure?

Grillo

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When the all time high gets smashed: price goes x5

Time will tell...

d5000

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Quote from: pitham1 on May 05, 2017, 08:53:16 PM

Quote from: afbitcoins on May 04, 2017, 03:39:18 PM

So looking at combined crypto, Bitcoin, Etherium, Ripple, Litecoin, Dash and all the rest on previous chart

Hint of bubble?

There is a bubble, yes. But for all you know, it can be restricted to the altcoin space.
Altcoins have gone through the roof in the last few months. So the bursting could be only in altcoins.

I would differentiate a bit. There are altcoins that are clearly in a bubble. An example in the top 10, for me, is Dash, which has already reached its high some weeks ago. And then most of the positions from, let's say, 30 to 100 at Coinmarketcap. Most of them have not a single USP and people are only investing in them while this pump lasts.

But I am not that sure with, let's say, Ethereum, Ripple or even Litecoin - well, in the case of LTC all depends on if LTC can conserve a first mover advantage with respect to the Lightning Network. But ETH is solid, it's not a direct Bitcoin contender but it has its niche and potential - the question is here more the long term, if the Dapps that currently are being developed really will be improvements over previous solutions.

romero121

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Quote from: pitham1 on May 05, 2017, 08:53:16 PM

Quote from: afbitcoins on May 04, 2017, 03:39:18 PM

So looking at combined crypto, Bitcoin, Etherium, Ripple, Litecoin, Dash and all the rest on previous chart

Hint of bubble?

There is a bubble, yes. But for all you know, it can be restricted to the altcoin space.
Altcoins have gone through the roof in the last few months. So the bursting could be only in altcoins.

From the beginning of the year altcoins have been bursting to higher profit percentage. This is something a good news for all the traders, same time it's been portrayed as a temporary surge. Looking the current situation where bitcoin along with other altcoins growing seems a natural effect ofthe technology.

pitham1

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Quote from: afbitcoins on May 04, 2017, 03:39:18 PM

So looking at combined crypto, Bitcoin, Etherium, Ripple, Litecoin, Dash and all the rest on previous chart

Hint of bubble?

There is a bubble, yes. But for all you know, it can be restricted to the altcoin space.
Altcoins have gone through the roof in the last few months. So the bursting could be only in altcoins.

freedomno1

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Quote from: d5000 on May 04, 2017, 02:31:02 PM

Quote from: afbitcoins on May 04, 2017, 02:19:21 PM

I wrote on Afrikoins thread earlier why I think bitcoin might be ready to correct soon. Agree a correction would be healthy. But who knows this it bitcoin. Might prefer to continue smashing the previous high until it looks like a tiny bump

There is high buying pressure now, and so I think the rally will continue a bit longer. Maybe 1700, 1750, 1800 as a target for this week.

But I don't think it will be that extreme like in 2013's rallies that are shown in the screenshots. I consider it difficult to pass 2000 USD with the block size issue unsolved. And a correction can come every day.

I'm also on the line of whether the indicator will become Par Year simply put a 2017 USD = 1 BTC price.
The correction tends to come as a solid 10 minute crash so its really tricky to time that.

richardsNY

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Quote from: afbitcoins on May 04, 2017, 03:39:18 PM

So looking at combined crypto, Bitcoin, Etherium, Ripple, Litecoin, Dash and all the rest on previous chart

Hint of bubble?

On the altcoin side for sure. Bitcoin not that much, even though the price seems somewhat on the higher side. I some times get the impression that people not only jump into altcoins to hedge Bitcoin (due to everything related to the potential hard fork), but also because its higher price that makes them move to altcoins as they have a 'missed train' feeling when it comes to Bitcoin. Ethereum for example -- it will soon even go through the $100 level this way. It has taken over Dash (based on circulating coin quantity -- price ratio). It's pure madness.

afbitcoins

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So looking at combined crypto, Bitcoin, Etherium, Ripple, Litecoin, Dash and all the rest on previous chart

Hint of bubble?

afbitcoins

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Quote from: d5000 on May 04, 2017, 02:31:02 PM

Quote from: afbitcoins on May 04, 2017, 02:19:21 PM

I wrote on Afrikoins thread earlier why I think bitcoin might be ready to correct soon. Agree a correction would be healthy. But who knows this it bitcoin. Might prefer to continue smashing the previous high until it looks like a tiny bump

There is high buying pressure now, and so I think the rally will continue a bit longer. Maybe 1700, 1750, 1800 as a target for this week.

But I don't think it will be that extreme like in 2013's rallies that are shown in the screenshots. I consider it difficult to pass 2000 USD with the block size issue unsolved. And a correction can come every day.

True, high buying pressure on all the main crypto coins it seems, lets see how it plays out.

Check out the combined market cap

SMASHED

d5000

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Quote from: afbitcoins on May 04, 2017, 02:19:21 PM

I wrote on Afrikoins thread earlier why I think bitcoin might be ready to correct soon. Agree a correction would be healthy. But who knows this it bitcoin. Might prefer to continue smashing the previous high until it looks like a tiny bump

There is high buying pressure now, and so I think the rally will continue a bit longer. Maybe 1700, 1750, 1800 as a target for this week.

But I don't think it will be that extreme like in 2013's rallies that are shown in the screenshots. I consider it difficult to pass 2000 USD with the block size issue unsolved. And a correction can come every day.

afbitcoins

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I wrote on Afrikoins thread earlier why I think bitcoin might be ready to correct soon. Agree a correction would be healthy. But who knows this it bitcoin. Might prefer to continue smashing the previous high until it looks like a tiny bump

richardsNY

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Sure it does. I honestly didn't think with all nonsense around the potential hard fork that we would be able to literally demolish the previous all time high. Current price would be a good reflection of the moment when pools announce total support for SegWit, but we did it without that. I just wonder how much power there is left to continue this increase. It would be a healthy situation if we experience some sort of a correction very soon.

afbitcoins

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Does this count as the all time being smashed yet ?

Dafar

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Quote from: Torque on February 20, 2017, 11:11:05 AM

Quote from: Dafar on February 20, 2017, 10:48:42 AM

Except this time it's different.... because I actually have enough bitcoin to make me "well off" if we see another rise like that. So it's probably not gonna happen... I will never be free from the corporate world Cry

Actually, you don't want a parabolic pump-and-dump like last time.

What you want is a steady rise to a 5X increase and subsequent floor.... that actually stays there permanently. I think that we'll see this within the next two years.

I wouldn't mind either... I can at least, even for a moment, feel rich while the parabolic rise is at the peak hehe

manselr

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Quote from: Hunyadi on February 20, 2017, 05:11:01 AM

This:

+

ETF approval and we will be looking at very similar graph Cool

I have been hearing about this a lot recently, this guy keeps making tweets but still no code. I hate when coders do thit, show the code or shut up, stop the god damn hype.
Anyway, I hope this is not another fiasco and this guy can deliver, but its starting to sound like the Kim Dotcom bullshit that always gets delayed.

Torque

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Quote from: Dafar on February 20, 2017, 10:48:42 AM

Except this time it's different.... because I actually have enough bitcoin to make me "well off" if we see another rise like that. So it's probably not gonna happen... I will never be free from the corporate world Cry

Actually, you don't want a parabolic pump-and-dump like last time.

What you want is a steady rise to a 5X increase and subsequent floor.... that actually stays there permanently. I think that we'll see this within the next two years.

Dafar

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Except this time it's different.... because I actually have enough bitcoin to make me "well off" if we see another rise like that. So it's probably not gonna happen... I will never be free from the corporate world Cry

Hunyadi

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This:

+

ETF approval and we will be looking at very similar graph Cool

d5000

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Quote from: 1Referee on February 19, 2017, 04:08:06 PM

It's clear that we (more than ever) need to see the block size get upgraded to a higher number, but as it is, there are zero indications of this to become reality within a reasonable amount of time.

I've still conserved a bit of optimism regarding Segwit. One factor is that in Litecoin Segwit acceptance is growing fast (jumped from ~9% to 18% in the last 3 days). F2Pool, for example, has stated that it will wait to signal Segwit in Bitcoin until it is running for a while in the Litecoin network. F2Pool mines about 11% of the blocks so it could bring on its own, acceptance much nearer to the 50% mark.

If Segwit reaches the 50% block mark, then even "big blockers" like Roger Ver and ViaBTC could accept it, and then we would be perhaps already close to the needed 95%.

But that all could need a couple of months, and an agreement could be too late to conserve the current uptrend.

Slark

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Quote from: European Central Bank on February 18, 2017, 06:26:05 PM

maybe china will turn out to be a supercharged silk road event. what everyone thought was driving the cart turned out to be a little bit of a paper tiger. hard to know yet but it's conceivable.

I thought about this possibility too! And maybe it wont be that bad after all? Especially not in the long term.
I mean price of BTC would crash for sure, maybe even by 50% or more, hard to tell.
But when the dust falls out of the air, trading would be resumed and Chinese influence over BTC market will be severed significantly.

1Referee

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Quote from: d5000 on February 19, 2017, 03:49:13 PM

the (very negative) stalemate with respect to Segwit.

I am happy with what we have achieved so far (price-wise), but I constantly try to temper my happiness knowing that we potentially might go through a hell of a bear market due to the uncertainty around Segwit. It's clear that we (more than ever) need to see the block size get upgraded to a higher number, but as it is, there are zero indications of this to become reality within a reasonable amount of time. In the meanwhile it gives alternatives such as BU more time to take a stronger position in this whole nonsense situation. Nonsense because pools should stop fooling around and just accept Segwit to help Bitcoin move further.

d5000

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Thank you for the pics, OP. They show something most of the commentators do not (want to) realize: that this time it's different.

In all the previous intents, the ATH was smashed at most a few days after the price approached it. In the end-2013 rally there was already a bit more resistance but in 10 days it was broken.

This time, we got already very, very close to the ATH (~20 USD or ~2% if we take the ~1160 Bitstamp high as reference) but the resistance was very strong and the price went down about 30 % after the first intent. The second intent failed at ~1075. We could be still in the same uptrend but it's also possible that it's already the first "dead cat bounce", as this price level was still not reached again.

I think that one of the possible explanations is that the market is now more mature and a little bit less volatile (there are no +30% crashes in a single day anymore like in 2013) so there must be a substantially higher "euphory" in the community to break the ATH. But at the other hand, when looking at the fundamentals, there is no clear positive sentiment - there are possible new bullish news like the first LN alpha version and the possible approval of the ETF, but also the (very negative) stalemate with respect to Segwit.

Arcteryx

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I remember the same time last year it was around $700 right?
And it started to cool down after that.
So if history tends to repeat it's self then expect it to go down before it goes up.
So expecting it to get to the ath we might need to wait for it to go down a couple of more times so we don't have it's just a bubble response later on.

Febo

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Quote from: jjacob on February 18, 2017, 10:23:15 PM

Wow... If history repeats itself we are looking at a smashing of the ATH now.
What would be the new peak, my guess is $3K+. The magnitude of the increase has been lower each time.
$32 --> $260 -- $1200. I would be happy with a peak of $3k now.

Good point I also think that next bubble ATH will not be as high as so many expect. It will be around 3k and one bubble after will be only double of that. I guess the third bubble people will not call a bubble anymore Tongue

afbitcoins

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Quote from: BrewMaster on February 19, 2017, 10:13:40 AM

forgive me if it is newbish question, it comes from the fact that i have little experience with tradingviw.

but why does the two first charts are saying Silver / U.S. Dollar in the background of the chart?

Its a wierd thing to do with how to access MtGox data on the trading view website www.tradingview.com , you have to pick some other symbol which had a feed running during the MtGox era, then compare with MtGox then you can hide the other symbol. Can't use most bitcoin markets as they weren't around in those days. Silver was just random, could have been any other.

BillyBobZorton

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Quote from: FlightyPouch on February 19, 2017, 09:24:14 AM

Is just me or I am really looking at it and its like i can see a pattern in this chart. It is like a wave, first one getting high on the left side, the next one on the right side and so on.
I think it is just a coincidence but it is really good, and I think it will till go higher, hope it goes lower and then go higher again.

Bitcoin is growing exponentially, this is the new big bubble of 2013 reloaded, now with a bigger marketcap, more mature software, lots of exchanges, up and coming ETF... the peak will be impossible to predict. x10 is easily possible, so a $10,000 peak with a new $5,000 floor is not far fetched. This and 2018 will be insane years for BTC holders.

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forgive me if it is newbish question, it comes from the fact that i have little experience with tradingviw.

but why does the two first charts are saying Silver / U.S. Dollar in the background of the chart?

Denker

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Quote from: FlightyPouch on February 19, 2017, 09:24:14 AM

Is just me or I am really looking at it and its like i can see a pattern in this chart. It is like a wave, first one getting high on the left side, the next one on the right side and so on.
I think it is just a coincidence but it is really good, and I think it will till go higher, hope it goes lower and then go higher again.

If you wanna see pattern then there will be pattern, even when there aren't any.
This is often a very subjective impression.
Funny how our brain works right.

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Is just me or I am really looking at it and its like i can see a pattern in this chart. It is like a wave, first one getting high on the left side, the next one on the right side and so on.
I think it is just a coincidence but it is really good, and I think it will till go higher, hope it goes lower and then go higher again.

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Quote from: NUFCrichard on February 19, 2017, 12:41:37 AM

The short term floor of over $900 does kind of indicate that the ATH will go pretty soon.
The price is always volatile, so much so that long term staying withing $300 of the ATH without passing through it at some point is unlikely.

Each bubble seems smaller percentage wise than the last. I don't think that $2000 will be breached in the next bubble

$1000 is new floor. Doubters will not let the price go below $1000 again, they will enter everytime it dips now and gets close to $1000. We already saw this hours ago. $1039 dip and people got nervous so they jumped in and bought it and we are back to $1050.

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Quote from: manselr on February 18, 2017, 06:15:27 PM

A nice thread. Those screenshots speak for itself. It's clear that whoever manages to sell right at the top will get really rich, the problem is, you will most likely not be able to sell at the peak, and you will be selling too early, or too late (during the dip before it goes back up and stabilizes).

Looks like the best way is to not risk it and hold across the bump and enjoy the nice new floor that will be stablished after the big squeeze (which again, god knows how high it can go).

It would also be nice to add posts on this thread for historical reference. This is one of the favorites:

https://bitcointalksearch.org/topic/m.425880

Quote from: ManOfKnight on August 03, 2011, 05:26:51 PM

I would not mind if they were in the $5 range...I think bitcoins have been overpriced for a while. Look at the run it has had this year. When CNN and Foxnews puts you on, you become popular. Unfortunately, the DDoS, hacks, massive sell in June, and recession striking the world have had an impact. While I think bitcoin has its place...I don't think its place is $15. I am thinking $8 or so now with MARGINAL increases...not massive ones.

Oh boy... well, I hope that guy is ok. Things like this definitely put things in perspective.

Whenever bitcoin price reach certain point, massive sell will happen again in order to get nice profits based on their capital.
This is how it works everytime in every commodity as capital want to get some portion, unless bitcoin market cap getting bigger.
But, how the market cap will grow if we stay on this cycle? It will like what happens all this time, slowly but surely as long as new adopters and merchants join into community.

Zadicar

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DGbet.fun - Crypto Sportsbook

Quote from: Seansky on February 19, 2017, 12:07:59 AM

I really do hope that history might repeat itself but I think it wont this time. Things look different from the situation bitcoin had at that time. The pump to all time high IMO is not healthy for a price since to me it looked like someone was manipulating it and the price we had now is so stable ranging from 1000$-1100$. New all time high might be seen sooner or later this year but im kinda excited to see what price will be bitcoin's new floor.

Im hoping too that this price would be the new floor and would not tend to drop on next months or days or years.I really do have the doubt that anytime this new all time high would decrease and here comes a new and fresh news on bitcoin which causes the price decrease again.lel

NUFCrichard

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The short term floor of over $900 does kind of indicate that the ATH will go pretty soon.
The price is always volatile, so much so that long term staying withing $300 of the ATH without passing through it at some point is unlikely.

Each bubble seems smaller percentage wise than the last. I don't think that $2000 will be breached in the next bubble

Seansky

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I really do hope that history might repeat itself but I think it wont this time. Things look different from the situation bitcoin had at that time. The pump to all time high IMO is not healthy for a price since to me it looked like someone was manipulating it and the price we had now is so stable ranging from 1000$-1100$. New all time high might be seen sooner or later this year but im kinda excited to see what price will be bitcoin's new floor.

Junko

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Yes, it will be nice in the future to look back at the graph and to see the next few ATH's as just small insignificant bumps along the way. I kind of laugh when I think back to the time well before the last ATH when I dreamed/hoped/prayed that bitcoin would some day once again reach the ATH of $32. LOL

jjacob

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Activity: 1554

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★Nitrogensports.eu★

Wow... If history repeats itself we are looking at a smashing of the ATH now.
What would be the new peak, my guess is $3K+. The magnitude of the increase has been lower each time.
$32 --> $260 -- $1200. I would be happy with a peak of $3k now.

European Central Bank

legendary

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maybe china will turn out to be a supercharged silk road event. what everyone thought was driving the cart turned out to be a little bit of a paper tiger. hard to know yet but it's conceivable.

manselr

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Activity: 868

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A nice thread. Those screenshots speak for itself. It's clear that whoever manages to sell right at the top will get really rich, the problem is, you will most likely not be able to sell at the peak, and you will be selling too early, or too late (during the dip before it goes back up and stabilizes).

Looks like the best way is to not risk it and hold across the bump and enjoy the nice new floor that will be stablished after the big squeeze (which again, god knows how high it can go).

It would also be nice to add posts on this thread for historical reference. This is one of the favorites:

https://bitcointalksearch.org/topic/m.425880

Quote from: ManOfKnight on August 03, 2011, 05:26:51 PM

I would not mind if they were in the $5 range...I think bitcoins have been overpriced for a while. Look at the run it has had this year. When CNN and Foxnews puts you on, you become popular. Unfortunately, the DDoS, hacks, massive sell in June, and recession striking the world have had an impact. While I think bitcoin has its place...I don't think its place is $15. I am thinking $8 or so now with MARGINAL increases...not massive ones.

Oh boy... well, I hope that guy is ok. Things like this definitely put things in perspective.

afbitcoins

legendary

Activity: 2101

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A view of bitcoin all time highs being smashed

Here is what bitcoin looked like at one time at the start of 2013. Bitcoin all time high was around 32$ a bubble peak and after a huge correction the price had recovered enough to get close to that old bubble top.

Shortly after that it looked like this.

The all time high was smashed! The old all time high now looking like a shrivelled little bump.

Bitcoin found itself in a very similar formation not long after but at a much higher price level, this time the all time high was at about $260. Bitcoin at the time had recovered from the Silk Road Seizure and was once again close to an all time high.

Shortly after that it looked like this.

Again bitcoin proved the doubters wrong and the all time high was smashed!

Heres todays chart, once again the old all time high dominates but somehow bitcoin has recovered to challenge that old high

Who knows what happens next ?? Huh

Edit:

As of end of October 2017, now looking like this

Topic: When the all time high gets smashed (Read 2701 times)