Where are we? - page 2. | Bitcointalksearch.org

PokerFace3

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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.

pooya87

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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

Wipro

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Quote from: angaper on December 24, 2016, 05:39:06 PM

I can see a certain level of enthusiasm, especially in newcomers. But of course old bitcoiners still keep in mind the events of November-December 2013 and are much more cautious than new bitcoiners. Even I could say that serious bitcoiners don't have too great expectations about a definitive pump to sky.

Lol, yes. Still price value of the Bitcoin moving with the continuous pump from last to now. In between we had halving pump which pushed Bitcoin value more than 50% percent. Now price moving up for Christmas pump.

The Sceptical Chymist

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Garrhhhh!!! We don't have to be anywhere on that little infograph. But I don't know if institutional money is coming in or has already started to come in. I don't think so, because we'd be at a much higher price than we're at now. Bitcoin is still only like a $12bn market, which is nothing in the world of finance.

I'm not saying that graph doesn't represent markets, but if it did, we'd be past the bubble stage. We got through that and rebounded nicely. I'm hoping we're not entering another bubble. Sad

angaper

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I can see a certain level of enthusiasm, especially in newcomers. But of course old bitcoiners still keep in mind the events of November-December 2013 and are much more cautious than new bitcoiners. Even I could say that serious bitcoiners don't have too great expectations about a definitive pump to sky.

error08

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Quote from: mrcash02 on December 24, 2016, 03:35:01 PM

Quote from: GratisBitcoin on December 23, 2016, 06:37:07 AM

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

Hmm, using this graphic picture as reference, I would say we are in the "Mania Phase", at the beginning of this phase or at the end of "Awareness Phase". BTC doesn't have media attention yet (only alternative medias on the internet), there isn't much public adoption (few people in the world use BTC yet), if things continue this way, many more people will have interest on the coin, making us reach to the "Enthusiasm" event. Considering this, Bitcoin has a prosperous future yet, we are just starting, in my opinon, we are safe for now. Wink

It's too early, I thought we still at Awareness phase where institutional investors and several region public users are joining in.
If we get media attention (not only alternative media), that would be in the next 2-3 years when the price has set stable price at least at $2000 and not drop back (fluctuate is normal). We are heading to bear trap which many, many users already intended to sell out when the price hit $1k point.

mrcash02

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Quote from: GratisBitcoin on December 23, 2016, 06:37:07 AM

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

Hmm, using this graphic picture as reference, I would say we are in the "Mania Phase", at the beginning of this phase or at the end of "Awareness Phase". BTC doesn't have media attention yet (only alternative medias on the internet), there isn't much public adoption (few people in the world use BTC yet), if things continue this way, many more people will have interest on the coin, making us reach to the "Enthusiasm" event. Considering this, Bitcoin has a prosperous future yet, we are just starting, in my opinon, we are safe for now. Wink

ArdiPrabowo

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in 2013 bitcoin price in the highest price until reach 1000 dollar/bitcoin
this now bitcoin price run to 1000 dollar gan, in the highest price
after bitcoin price reach 1000 dollar/bitcoin can down again

CoinCidental

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Quote from: lnternet on December 23, 2016, 07:11:12 AM

If we break 1000 and then make it into the news expect a top around between 1300-2500

Precisely!

Breaking $1k would make the mainstream news and likely cause a snowball effect of new money coming into bitcoin
a feeding frenzy that would surely take us to a new ATH ....

n0ne

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Quote from: lnternet on December 23, 2016, 07:11:12 AM

If we break 1000 and then make it into the news expect a top around between 1300-2500

1300-2500$ looks a difficult price to reach in a short time period. This time breaking of $1000 might take place due to the increased use and rotational cycle of bitcoin among traders and users because of panic selling will help break the barrier else $950 will be the maximum peak now.

Vaccinus

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Quote from: Dafar on December 24, 2016, 12:01:33 PM

I dunno guys... there already seems to be a lot of:

- Media attention

- Enthusiasm

- Greed

So we are definitely past those phases

we are still at enthusiasm for me, return to the mean would be the current price, we will go much higher first

Dafar

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I dunno guys... there already seems to be a lot of:

- Media attention

- Enthusiasm

- Greed

So we are definitely past those phases

Denker

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Quote from: thejaytiesto on December 24, 2016, 08:49:47 AM

We are not even in the first bear trap yet. I think the bear trap will come once we get near 1000, people is stupid and prone to psychological numbers like 1000 because they are too round and "nice", so they will think selling it's a good idea. It is obviously a bear trap, then we start going up again, then we get media attention and we hit 10k.

I'm thinking this as well.Right now, of this actual run, we probably see the first sell off hapening at the moment.Between $950 and $1000 we may see the bear trap before really breaking out to new all time highs.
But to be honest I don't care that much about such things as I plan to hold my stash of BTC for many many more years.Therefore the short to mid term ups and downs aren't that much important to me.

thejaytiesto

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We are not even in the first bear trap yet. I think the bear trap will come once we get near 1000, people is stupid and prone to psychological numbers like 1000 because they are too round and "nice", so they will think selling it's a good idea. It is obviously a bear trap, then we start going up again, then we get media attention and we hit 10k.

Przemax

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I am undecided if we are on a phase of a first sellout or a stage just before the media attention. All we have to do is wait and see. We are in a momentum stage that even on a our forum people ask about the advertisement of the bitcoin. So, the moods are close to shoot up the price even further.

talkbitcoin

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Quote from: GratisBitcoin on December 23, 2016, 06:37:07 AM

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

i strongly disagree with this chart what you imply here.
first of all we are not at the end of that line that your chart ends. we have returned to the mean (dashed line) and we have been there for a while now if you look at a bitcoin chart and then the situation right now is nothing like 2013 and we are far off from it. because the mean has gone up, so the top if you want to look at them similarly is also higher somewhere above $2000 and we get there then you are right we are back to 2013 bubble.

1Referee

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Quote from: Dafar on December 24, 2016, 03:27:55 AM

I would say after media attention and before enthusiasm.... maybe even between enthusiasm and greed.

Doubt we're gonna see a 3x or more rise from here... delusion - new paradigm will probably be a couple hundred above ATH ~$1500

I think right now it's fairly safe to assume that we are much closer to greed than enthusiasm. Nothing goes only up in value without experiencing a decent sized correction before that. Everything that happens now is pure greed driven, where people seriously think there is much more to gain than we have been gaining in the last days. Either keep holding to see where we are heading to, or secure profits. Buying right now is something I don't think is worth the risk since the little room for profit from current levels.

Dafar

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I would say after media attention and before enthusiasm.... maybe even between enthusiasm and greed.

Doubt we're gonna see a 3x or more rise from here... delusion - new paradigm will probably be a couple hundred above ATH ~$1500

Shiroslullaby

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We are definitely at the "new paradigm"/ "bulltrap" area.
Price will dip a few dollars back to around $900 or just below and everyone will panic, start selling coins, and then the FUD trolls can come out from their rocks to tell us how
"China is manipulating the price of Bitcoin", "the bubble is about to burst sell your coins" etc etc.... Grin

Ahab_Hunter_of_BearWhale

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Quote from: JimboToronto on December 23, 2016, 03:14:04 PM

Quote from: Spaceman_Spiff on December 23, 2016, 03:04:38 PM

Getting closer to the first sell off...

I thought that was what happened this past summer when it went down under $600.

I'd say the plays below 1100, at least referring to previous historical patterns, in the current cycle have all just been posturing and recharging during the long bear mkt since 2013. Once we break previous athletic of 1100-1200 then the possibility of the next real bull run opens up. Likely after reaching previous athletic price range there will be a dip/ resistance, and then perhaps (possibly to some degree network capacity improvement dependant, although higher mkt cap increases incentive for dev and speeds it up.) then we may see the next major bull run.
Who knows what it'll look like now that it's a more mainstream run and there are banking crises occuring and currency crises looming. The first half of next year, heck the next few years, are sure to be interesting. It'll be nice to see alts rise too, esp with increased interest, new investors and institutions.

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