Topic: When will Bitcoin take off again? (Read 6994 times)

The little persons are interested in Bitcoin too, do you read the forum??

The market situation will be completely different next year when other markets will suffer

How very wrong you are!

Nope, miners dumping, merchants dumping, and low interest. We need the common folk to be interested in it, we can't live off whale's dreams (the Winklevii alone can't save BTC)

Why 
Manipulators 

No more "to the moon" for bitcoin, any quick raise in price will get dumped hard...

so... what will be bitcoin low before next uptrend in your opinion? How will we reach this goal (flash crash or slow decline)?

lol this guy is funny 

The price is low not because people are afraid of Bitcoin, but because they fear their own public service politicians and bureaucrats.

What just cause bitcoin to crash again? It should be heading to $500...

We have gone down again.
Seem this will hard to brake I mean 400 barrier.
If pass over and stay stable then can go to 500 I think.

BOOM. 400 HERE WE COME

No Christmas for us. I hope that price will at least start to go up a little.
If less sells are made off market then we have hope to price start goes up a bit if not it will just go down again.

Christmas present dunno. Maybe several btc in my account.
Doubt that price will go up this year maybe for 100$ max

What if your Christmas present is a big bag of coal & you lost all your funds hoping too hard....... just saying

I dont this that this year will be any jumps.
Maybe i first quarter of 2015 but i dont think it will be sooner.
Maybe im wrong but more and more i think i will happen next year.

But it started crashing after the rally. It would be great if it kept on going up after this Christmas.

Depending on what you mean by "just before". The rally was in October - November.

I am hoping bitcoin will take off just before christmas time similar to last year when china got involved and it shot up like crazy. Its very unlikely that it will shoot up that much but hopefully it will go up to 500-600

Better to buy now than September 29th 

Ok thanks!
I did not know that abbreviation.

Dollar Cost Averaging.

A small amount bought at regular intervals.

its ready to take off
it can start anytime
so better you buy your tickets to ride this
bitcoin ride to the moon

grab your tickets before its too late

DCA?

It will. Still DCA buying.

This is true.
On my opinion market need to adapt on some things.
To bee less this altcoins only strong ones or that they exist at least 6 months.
Then i think that we will see sufficient price change.

Total deposits in the crypto world/Bitcoin is a decent amount
Bitcoin has probably also suffer from the enormous amount of altcoins that are on the market.
People are investing less in Bitcoin and try to earn quick money by altcoins.
Many altcoins die and the money in them will disappear with the developer or team.
People who have invested in it lost their money. These will not easily regain confidence in the digital payment.
This this is also a negative effect. Simple example a person buys for $ 100 bitcoin.
He buys them some altcoins. After a certain period, he sees that his investment still has a value of $ 15.
He could therefore have losses interest in the digital payment and share his negative experience with friends and family.
These will, in turn, tell the story again further.
That way eventually there will be fewer people trying to enter the world of Bitcoin and altcoins.
The altcoins that are innovative have a right to exist.
I think for example Magicoin XMG has a right to exist. (XMG] Magi | 1st PoS-II | 1st PoM | Fair Distr | Tor | M7M CPU only)
Why? XMG is the first altcoin that uses M7M and has a strong growth formula.
There are still some other altcoins who have a right to exist.
If you recognize my story and find out why another altcoin also right to exist, I like to read it back here.
Thus, not only the name of the altcoin but also why.

When will.
Not this year. Seen some images here from some members and they think that at least in january next year will come for next price change to 550 and to stabilize for 2016 when they expect to go over 2k.

Why so angry lately? You should be celebrating now that the price has crashed and you can buy all of those "cheap coins"! This was what you wanted all along, wasn't it?    

Here's another reason for you to be happy: Tomorrow you can buy sub 370 coins. Maybe even some sub 360 ones. That'll surely make you pleased, right?

You are doing it wrong. Shit like that doesn't even merit a rebuttal. Click the ignore button like the rest of us did. Will save me from having to see his ramblings too.

Very unlikely! Buyers must absorb 3600 coins per day now to don't let the price falling, but after reward per block halving this requirement also will fall!

Unfortunately this is true.  Bitcoin isn't going back up ever again.  It was all bots.  Now it's just bagholders cashing out to buy cars and gaming computers.

I guess its going to take some time to happen this time. Hopefully the downtrend will soon be over and we can have some steady rise in price and something bubblish this winter or next spring. Who knows but I'll certainly hope so. Not selling anyway but it would be nice to see some uptrend again after long time.

I'm a miner and a "cultist"... Bought in teens, and I have lost zero faith.

Just because you bought at the top and sold at a loss doesn't mean everyone else is losing faith. Just you!

Everyone knows the Finneys are selling, and buying is off market. There is a bear term in every market. Don't get it confused with make believe stories.

It'll never take off again. Bagholders are cashing out. Every miner, whale and early adopter is losing confidence and dumping their coins, but almost no one is willing to buy, so price just continues crashing. You'll see the occasional dead cat bounce along the way, but the trend will continue being clear: Bitcoin is finding its true, single digit value after being pumped into a sky of delusions by Willybot, Markus and other Karpeles shenanigans. Now that Gox is gone, no level of permabull nonsense or cultist propaganda can sustain the price of this failing commodity.

spot on (+/- 1 month)

Reposting from another thread:

Real money people are here now and they are probably using every trick in the book to drive the price down so they can accumulate cheap. They won't panic buy the price up like muggles.

Then there is the mining angle. Difficulty keeps climbing, which means less profit for miners which means they have to sell more to remain solvent. Eventually a bottom will be reached (the cost of mining a coin).

Based on the above, I'm expecting things to be boring at least until difficulty stops climbing. The latest I would expect things to change is when the reward halves. Which would really suck to have to wait for, but it will result in a higher price when it happens.

That's not taking into account things like the winkle ETF, possible media hype storm or other unexpected events.

Next halving is priced in. Collapse of the USD is a delusional fantasy. Anyway: If the USD were to enter hyperinflation mode, a 10k USD Bitcoin wouldn't be enough to buy you a gallon of milk anyway.

The buying power of BTC is shrinking every day.

Yes let's say we have a new demand that is not big enough, the demand can grow and the demand is here because the price would crash if it wasn't
The next halving and the collapse of the USD will help get to crazy prices

Nope. What he (IMHO) means is that for BTC prices not falling we need daily demand of 3600 coins to neutralize daily supply of 3600 coins. So currently we have lack of demand 3600 coins, but after the halving the supply (and therefore the lack of demand) will be reduced by 1800 to 1800.

bitcoin took off that time last year because it was made widely known that it was possible to buy illegal drugs on the darkweb using bitcoin (due to the arrest of Ross Ulbright aka DPR)

NO take off this year.

Next perhaps but not sure agree on most here in 2016.
Except if something big happen then will price go up or down.

Lack of supply by 1800 coins per day, I think you meant

Most users who are spending bitcoin believe in bitcoin (as your name seems to suggest). And in most situations, since these bitcoin believers generally believe that bitcoin is undervalued, they are going to replace any bitcoins that they use to purchase something.  So the selling pressure you just described is almost non-existent since it is typically a zero sum swap.

Vendors accepting bitcoin is only a good thing.  It is not a catch 22.  And most importantly the vendors selling bitcoin for fiat is likely only transitory in the grand scheme of things.  As bitcoin gains transaction and consumer/vendor use continues to increase, it will at a point become undesirable to exchange bitcoin for fiat.  If for no other reasons because of the astronomically low fees that fiat can't compete with

It will take off around oct-dec though this time it'll be gradual not astronomical like in 2013. Buying as much as I can before it happens

It does matter, anyway. It would reduce the lack of demand by 1800 coins per day.

this is true but still if more places accept bitcoins more people will use bitcoins and buy them

If there is lack of demand for the product, it doesn't matter whether it's being halved

The market is oversaturated with bitcoin thanks to the vendors (newegg, dish, overstock, etc...) where they immediately convert bitcoin into fiat. This creates more seller than buyer thus causing the demand for bitcoin to decline. It is good thing that bitcoin is being accepted by various of vendors but at the same time, it could be worse thing happened to bitcoin. It's catch 20/20.

Yes, summer 2016; at the latest.

http://bitcoinclock.com/

I will soon. We have to w8 not bee inpatient with this.
This will happen when we least expect for sure.

Bitcoin will take off after the first u3berbulls start being greedy so the sheeple can follow.

Bitcoin will take off as soon as weak hands stop selling, will it ever happen?

You cannot know exactly how many USD or EUR or any other currency is the market cap, you can only see partial details.
So thing is we cannot know how or when will next price jump/down will be.
Only we can is to ques when how and why?

Never. There's nothing to fuel growth now that Willybot is gone. It's downwards from here.

End of this year or early into 2015, the rally begins.

It will take some months but eventually in 2015 bitcoin will take off.

we still need a couple of more years.  when online casino is legalized, and takes bitcoin and give bigger bonuses to BTC depositor, it'll take off.

more porn site taking bitcoin will help.

I just answered the question to my best knowledge, I am not obsessed with marketcap.
I agree that if people sell a lot the price will go down and the marketcap will plummet too.
Reading your post it seems that there is no way to answer the question on how many USD is holding up LTC or BTC.

Exactly, the market cap is something people tend to get wrong. There aren't 6 billion USD invested in Bitcoin at the moment. It's less. If someone decided to sell a lot of Bitcoin, the price will go down, yes. I often don't get how people can be so obsessed with the market cap. On the other hand: If you see how much money there is in M1, M2, etc. you can only imagine what will happen if only a percent of that went into Bitcoin...

It will take off sooner than we expect, hold!

It will take off. Just hold. When it takes off you'll know about it

Market cap is current price per coin times number of coins that exist. But if someone actually tried to sell a significant number of coins, the market price would quickly collapse. The money "holding up LTC" is not equal to its market cap. A better indicator of the money holding up LTC would be how much demand there is for LTC at or near its current pricepoint.

Adam, could you say more than that ? I would like to understand what you mean.

It's almost impossible to predict when it will rise again, the only thing we can do is howling.

I don't know if it will be due to the block-reward halving. It could be, but I rather expect it at some point before that, because it will inherently be priced in by people speculating on Bitcoin's price. They will try to accumulate beforehand, and the actual halving will be boring.

i'm going to let you believe that.

$ 171,525,000 (coinmarketcap.com)

approx 2.72% of the marketcap of BTC.

how many million dollars are holding up LTC?

Funny that LTC seems to be pushing upwards and BTC isn't yet

Hell, no one really knows. It seems we're in a steady downtrend for now. I'm still of the opinion that another breakout won't happen in the short-term (i.e. 2-3 months). Both daily and weekly volatility measures still have bitcoin decreasing in price during "larger" movement days, and until this changes, I don't see another breakout.

But despite what I just said, how about December 13, 2014? It's 12-13-14. Yay, consecutive numbers! And it's one day out of my short-term predictions...So there.

February 2015.

I'm not sure that we will see another jump anytime soon. I think Bitcoin had more financial value as an "underground" or "secretive" trade currency, it was also somewhat difficult to get, adding a certain rarity to it. Those who had it or mined it were looked at as being on the inside track of something. While bitcoin is still considerably valuable, it seems the more accessible, acceptable, and public it becomes it loses more value over time. If it is going to be truly viewed as a commodity or an asset other than currency, I think that only rarity will give it more value or a use case that cash/fiat cannot provide to give it a 10x or higher value over the dollar. We don't diamond chips to pay for a loaf of bread, but high grade diamonds are used for high value luxury, high value trade, or illicit trade.  I think bitcoin could be used for high value trade and illicit trade to give it increased value, but it's use case to buy low value goods I think may detract from using it for high value trade for now.

2015!! We consolidated the price and grew healthier in 2014 so we will be ready for a rally in 2015

End 2014 ore somewhere in 2015. 2016 will be a new pump at the next-halving.

In 2016 briefly after the next halving the next huge pump will commence.

This one will be final announcement from eBay and PayPal.

Think that this will maybe trigger next jump or some other country collapsing.

The rash of good news lately should translate to increased adoption in a few months, the thought being that it takes a few exposures to BTC info and then the process of setting up accounts before buying. So, my money is on early next year.

I personally don't think it'll take that long for price to continue to uptrend...then again I also didn't think it would take this long for bitcoin price to recover

thanks for that reddit article  IMZ makes some valid points, he seems to be dead on which is scary a bit and ZBY ive watched many crypto currencies  halve and there is always a rise in price so you are def correct but that wont happen for another 90+ weeks i believe.

Recall that two big kick-ups for Bitcon in 2013 were the US Government debt-whoopsie in October, and the Cyprus bail-in.

http://www.reddit.com/r/CryptoMarkets/comments/242i41/crypto_prices_and_the_global_financial_crisis

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11088265/Only-Germany-is-holding-together-as-separatists-threaten-to-rip-Europe-apart.html

After the next halving.

I just see all these post whats wrong with bitcoin why does the price slowly keep going down, bitcoin exploded way to fast last year, I still consider with all the exposure bitcoin has been given that we are still very early in the adoption period, this is still 100% the early stage in my opinion, too many people are impatient or too many people care about shorting bitcoin to make a few dollars,  I just know the next time a market crashes and how bitcoin reacts to it ill know a lil more what future bitcoin has.

It is hard to know and maybe impossible to know. Some action or company should start first. I don't think we will se ATH this month or next mont.

We have to assume it might never take off but probably history will show this to be a cheap buy period

Ive just been watching the stock market gain and gain all year and bitcoin go down and down, I guess its easiest put bitcoin can be compared to gold in a way, gold is hitting new lows every day, people want to put there money whrere it makes the most money because most people are driven by greed. it only makes sense in my eyes bitcoin will take off again when the stock market crashes.

No one knows.

And moon events happen without a clear trigger, so it is hard to know when will it be done, until it was already done.

Im sure alot can happen before this scenario happens but ive always felt for Bitcoin to take off like it did last year something big has to happen, what if another stock market crash happens and banks start failing again, people will be searching for a way to protect there money by pulling it outta banks and outta stocks to prevent big losses they sustained back in 2008, and put it into bitcoin, I could be way off but ive had this feeling for a long time though, does anything think im way off base or have some merit here?