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GratisBitcoin

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Quote from: GratisBitcoin on January 03, 2017, 02:59:20 AM

http://www.gratisbitco.in/we-are-here.jpg

April 2013 high was at approx. $250
Dec 2013 high was at approx. $1150

So that's an increase from top to top of 460%.

If the next bubble pops at 460% of the last top, we will see a top of $5290 a bitcoin.

Think I was pretty accurate.

DrGuns4Hands

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Probably, we are still on the "first sell off" phase. If we want to maneuver the price of bitcoin, we are all need a lot of fiat money. But I ponder bitcoin might not be maneuver by one person only. A large community of course is proficient for moving the outlay of cryptocurrency. Well, in term of the upswing? It all depends on the instances.

richardsNY

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Quote from: wxa7115 on May 07, 2017, 11:42:39 AM

Quote from: LFC_Bitcoin on May 04, 2017, 02:17:01 PM

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

While the crash was heavily influenced by Mt Gox you cannot deny the rise in price was heavily influenced by Mt Gox too, this tells me we need to avoid having an exchange that big since they can anything to the price and then when they eventually fall, they will crash the price of bitcoin.

MtGox manipulation was the main reason, but at that time the media was all over the world heavily reporting about Bitcoin breaking through record after record. It resulted in a major interest peak, where people were just yolo buying themselves into Bitcoin in the hope that it would go up to $2000 and far beyond that level. Currently we are having several major exchanges, which is something we can definitely be happy with. It's not a one man's show anymore.

wxa7115

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Quote from: LFC_Bitcoin on May 04, 2017, 02:17:01 PM

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

While the crash was heavily influenced by Mt Gox you cannot deny the rise in price was heavily influenced by Mt Gox too, this tells me we need to avoid having an exchange that big since they can do anything to the price and then when they eventually fall, they will crash the price of bitcoin.

Grillo

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first sell off

Denker

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Quote from: d5000 on May 06, 2017, 03:06:45 AM

Quote from: LFC_Bitcoin on May 04, 2017, 02:17:01 PM

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

I agree, but the uprun won't be as volatile, too. Liquidity is higher now and it's more difficult to do that crazy price jumps like in 2013. I think we will see some new ATHs still until July, but I disagree with the graph posted by GratisBitcoin that said that we are now sitting at ~300-400 - for me, we're between 700 and 800. We're in the "Greed" phase.

I wouldn't wonder if the ATH for 2017 was just under 2000 USD (~1950-1970). That's where I sure would take profits.

Well in terms of the rise it all depends on the circumstences.
Imagine a scenario where will find consenses, SegWit gets activated and all the money from altcoins suddenly fomos into Bitcoin.
This would create a massive bubble! I'm not saying that'll happen but it is one of the possibilities.

For this year aiming $2000 is realistic and not too much. I also agree that this could a be psychological barrier which may need a few attempts to break through. Let's hope for the best!

d5000

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Quote from: LFC_Bitcoin on May 04, 2017, 02:17:01 PM

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

I agree, but the uprun won't be as volatile, too. Liquidity is higher now and it's more difficult to do that crazy price jumps like in 2013. I think we will see some new ATHs still until July, but I disagree with the graph posted by GratisBitcoin that said that we are now sitting at ~300-400 - for me, we're between 700 and 800. We're in the "Greed" phase.

I wouldn't wonder if the ATH for 2017 was just under 2000 USD (~1950-1970). That's where I sure would take profits.

tigershark

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Quote from: CoinCidental on May 05, 2017, 07:34:01 AM

gentlemen ,always be calm
do not let yourselves become weak hands
10k is approaching ,all you have to do is hodl and if someone wants to know how you
you can retire so young ,then tell them Wink

I think $10,000 is definitely possible at some point. However, fluctuation is common with bitcoin so we could see some corrections in price before then.

CoinCidental

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Si vis pacem, para bellum

gentlemen ,always be calm
do not let yourselves become weak hands
10k is approaching ,all you have to do is hodl and if someone wants to know how you
you can retire so young ,then tell them Wink

LFC_Bitcoin

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Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

GratisBitcoin

newbie

Activity: 56

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http://www.gratisbitco.in/we-are-here2.jpg

We're not even half way up yet! Grin

GratisBitcoin

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http://www.gratisbitco.in/we-are-here.jpg

April 2013 high was at approx. $250
Dec 2013 high was at approx. $1150

So that's an increase from top to top of 460%.

If the next bubble pops at 460% of the last top, we will see a top of $5290 a bitcoin.

Ayers

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if there was a price correction phase, then we are there, not sure in that graph where we are exactly, but the price is indeed finding its place now, i would wait for now to see how the situation will go before making another move, the market is stabilizing for me

thebitcoingirl

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probably we are still on the "first sell off" phase.. or most probably we have just finished it..

iqlimasyadiqa

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Quote from: equator on December 25, 2016, 10:16:30 AM

Quote from: CoinCidental on December 25, 2016, 08:58:24 AM

Quote from: PokerFace3 on December 25, 2016, 12:43:11 AM

Quote from: pooya87 on December 25, 2016, 12:04:48 AM

things are nothing like 2013

Yes there are many significant differences for current rally from 2013. In my understanding 2013 was a pure pump but now it seems prices are moving with reason like with strong adoptions. A steady raise is always a preferred one and that is alone happening right now.

Quote from: pooya87 on December 25, 2016, 12:04:48 AM

if back then there were 10 whales not there are 100

But in my understanding the number of whales will get diminished over time as only early massive adopters might be classified as whales. Massive adoptions with current price levels will not be possible for many people.

a million dollars isnt much to some people and it can still buy well over 1000 btc so yes ,people can still become whales fairly easily .......provided theyre already wealthy in fiat its easy

It is true that fiat wealthy person can buy more bitcoins and become whale in bitcoin also and even can manipulate the price, and the same what i thought of sentiment price of $1000 not reaching due to fear from low traders of who started to take profit from $940 itself and now the price is roaming in $880 range.

if we want to manipulate the price of bitcoin, we need a lot of fiat money. I think bitcoin might not be manipulated by one person only. bitcoin move for their manipulation of the user community bitcoin. a large community of course is able to moving the price of bitcoin.

equator

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Quote from: CoinCidental on December 25, 2016, 08:58:24 AM

Quote from: PokerFace3 on December 25, 2016, 12:43:11 AM

Quote from: pooya87 on December 25, 2016, 12:04:48 AM

things are nothing like 2013

Yes there are many significant differences for current rally from 2013. In my understanding 2013 was a pure pump but now it seems prices are moving with reason like with strong adoptions. A steady raise is always a preferred one and that is alone happening right now.

Quote from: pooya87 on December 25, 2016, 12:04:48 AM

if back then there were 10 whales not there are 100

But in my understanding the number of whales will get diminished over time as only early massive adopters might be classified as whales. Massive adoptions with current price levels will not be possible for many people.

a million dollars isnt much to some people and it can still buy well over 1000 btc so yes ,people can still become whales fairly easily .......provided theyre already wealthy in fiat its easy

It is true that fiat wealthy person can buy more bitcoins and become whale in bitcoin also and even can manipulate the price, and the same what i thought of sentiment price of $1000 not reaching due to fear from low traders of who started to take profit from $940 itself and now the price is roaming in $880 range.

alyssa85

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We are at "Return to mean". We haven't started a new cycle yet because the media are ignoring bitcoin's recent rise.

Red-Apple

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i had to double check the date of this topic to make sure it was created recently Grin

dude you are more than a year late to post this image and say "where we are!" because the peek is the $1200 and the despair is the $200 and more than a year has past since we were at that point. and in all that time until now we are on a very nice and stable price rise.

memii

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Quote from: pooya87 on December 25, 2016, 12:04:48 AM

again another topic comparing bitcoin of 2016 with bitcoin of 2013 :|
things are nothing like 2013, if they were, price would have been $3000 by now and not struggling at $870 price.
if back then there were 10 whales not there are 100

Now conditions are totally different this time it moving with strong growth and have wider adoptions around the world with good media attention. Agreed with you it's not fair to make compare things with 2013 for this growth.

CoinCidental

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Si vis pacem, para bellum

Quote from: PokerFace3 on December 25, 2016, 12:43:11 AM

Quote from: pooya87 on December 25, 2016, 12:04:48 AM

things are nothing like 2013

Yes there are many significant differences for current rally from 2013. In my understanding 2013 was a pure pump but now it seems prices are moving with reason like with strong adoptions. A steady raise is always a preferred one and that is alone happening right now.

Quote from: pooya87 on December 25, 2016, 12:04:48 AM

if back then there were 10 whales not there are 100

But in my understanding the number of whales will get diminished over time as only early massive adopters might be classified as whales. Massive adoptions with current price levels will not be possible for many people.

a million dollars isnt much to some people and it can still buy well over 1000 btc so yes ,people can still become whales fairly easily .......provided theyre already wealthy in fiat its easy

Topic: Where are we? (Read 2580 times)