Will there be a rally in September? - page 3.

botany

legendary

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Quote from: exocytosis on August 27, 2014, 01:48:17 PM

Quote from: Bitcopia on August 27, 2014, 11:53:49 AM

It is likely that the COIN ETF will launch

That ETF is already priced in. When insiders learn that the ETF won't be approved, they'll start dumping their coins. The price will plummet, and the cultist permabulls will panic sell until BTC settles at 250ish prices. Shortly after that, it'll bounce up to 370 or so.

Insiders seem to trade with impunity. During the silkroad coin stash sale, the market seemed to predict that the coins had not been snapped up for a song... And that is exactly what happened.

exocytosis

sr. member

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Merit: 250

Quote from: Bitcopia on August 27, 2014, 11:53:49 AM

It is likely that the COIN ETF will launch

That ETF is already priced in. When insiders learn that the ETF won't be approved, they'll start dumping their coins. The price will plummet, and the cultist permabulls will panic sell until BTC settles at 250ish prices. Shortly after that, it'll bounce up to 370 or so.

nuff

sr. member

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If Bitcoin is stabilizing, expect no rally. Which can be a good thing. Prices will just gradually but slowly increase. The days of sudden spikes to $1000 level are over unless market intervention/demand. But rest assured, price will rise over time albeit slowly. Just as certain as fiat money losing its value over time.

Wandererfromthenorth

hero member

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No rally in September.

November could bring a rally but probably not a bubble, if that's what you are referring to.

spazzdla

legendary

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BTC's market cap is only 7 bill.... one person could skyrocket it to 30 bill... I don't think they will but saying an instant mega rise is not possible is wrong.

blatchcorn

sr. member

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Quote from: Bitcopia on August 27, 2014, 11:53:49 AM

I'm quite surprised at all of the psychics around here. Let me exercise my mysticism while we're at it.

A "mega-spike" in the coming month is incredibly unlikely. These mega-spikes are typically preceded by a relatively calm base followed by a slow ramp up followed by an increasingly exponential ramp. I doubt the price action can just go from "are we in an uptrend or downtrend?" to "OMG I better panic buy at any rate possible!!!" But you never know. Some crazy awesome news might start the rally any time.

On the other hand, a full year of $300 - $600 is rather unlikely as well. There is too much adoption happening. There is too much awareness being spread. It is likely that the COIN ETF will launch opening up access in an entirely new and huge way. There is the GABI fund estimated to start trading on 9/1. Just wait until offshore money starts to realize the potential. I have a feeling that's one of GABI's primary targets, and that's estimated to be a 22 - 31 trillion dollar market.

But you know, my crystal ball may provide different results than yours.

Good comment. Would you say you are expecting a steady return to $600 - $1000 by the end of this year?

btchaste

newbie

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Merit: 0

I hope that we will see a rally in September but no one can predict it, surely it won't die like someone said.

devphp

sr. member

Activity: 336

Merit: 250

No reason for a rally in September at all. On the contrary, the final capitulation of weak hands should be expected and a hundred dollar downside from here. After that - a slow gradual rise over the next 12 months to ATH at $1000-1200 by the end of 2015. ETF is only a hype, an illusion, on the level of naivety of Iceland adopting Auroracoin for its currency.

pawel7777

legendary

Activity: 2436

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Not a chance. Price has been stable for too long, it would take something really big to create a mega spike.
Even if Amazon/ebay would start accepting BTC, that would likely increase the price by ~20-30% rather than few hundred % (unless you could get a discount for using BTC).

Then again, it would only takes one big investor to drive the price up... You can't predict those things.

I don't expect to see any major spike until there are clear and stable regulations regarding BTC in US/EU.

Bitcopia

hero member

Activity: 715

Merit: 500

I'm quite surprised at all of the psychics around here. Let me exercise my mysticism while we're at it.

A "mega-spike" in the coming month is incredibly unlikely. These mega-spikes are typically preceded by a relatively calm base followed by a slow ramp up followed by an increasingly exponential ramp. I doubt the price action can just go from "are we in an uptrend or downtrend?" to "OMG I better panic buy at any rate possible!!!" But you never know. Some crazy awesome news might start the rally any time.

On the other hand, a full year of $300 - $600 is rather unlikely as well. There is too much adoption happening. There is too much awareness being spread. It is likely that the COIN ETF will launch opening up access in an entirely new and huge way. There is the GABI fund estimated to start trading on 9/1. Just wait until offshore money starts to realize the potential. I have a feeling that's one of GABI's primary targets, and that's estimated to be a 22 - 31 trillion dollar market.

But you know, my crystal ball may provide different results than yours.

dyland

full member

Activity: 238

Merit: 100

We must become the pitiless censors of ourselves.

Quote from: spazzdla on August 27, 2014, 10:53:24 AM

Quote from: Dafar on August 27, 2014, 10:33:41 AM

Fuck. No.

September 2015? maybe

This is what I was thinking... We are in for a LONG LONG period of $300-600.. a long period.

Yeah, though I think we will see into the 700s and 800s.

Bitcoin is definitely NOT slowly dying.

It's INCREDIBLY resilient.

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: Dafar on August 27, 2014, 10:33:41 AM

Fuck. No.

September 2015? maybe

This is what I was thinking... We are in for a LONG LONG period of $300-600.. a long period.

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

Fuck. No.

September 2015? maybe

tabnloz

legendary

Activity: 961

Merit: 1000

Quote from: exocytosis on August 27, 2014, 10:16:23 AM

There won't be any more rallies. Bitcoin is slowly fading away.

Your guess is as good as mine but my bitcoin is on the price rising as we go forward.

exocytosis

sr. member

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There won't be any more rallies. Bitcoin is slowly fading away.

tabnloz

legendary

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Quote from: blatchcorn on August 27, 2014, 10:06:31 AM

Despite being reasonably bullish, I would not be surprised if Bitcoin remains stable for the rest of the year (or until the ETF goes live). I am interested to hear the thoughts of others.

By rally, I mean a mega spike.

Yep, I feel the same. I dont know what the tipping point will be but it has been less than a year since we went up 10x, which isnt that long in non crypto time. ETF, Cyprus style bail in or stock market drama? I get the feeling while it is so expected it wont appear.

blatchcorn

sr. member

Activity: 952

Merit: 281

Despite being reasonably bullish, I would not be surprised if Bitcoin remains stable for the rest of the year (or until the ETF goes live). I am interested to hear the thoughts of others.

By rally, I mean a mega spike.

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