Topic: Your thoughts on when BTC will reach $1000 again? - page 3. (Read 10407 times)

How did you come to your conclusions for the chart? Is it based on resistance and support levels or basically just random "angles" for the lines?

It looks like we are in a gentle upward climb from the low point. Frankly, I prefer this to the wildly climbing prices we've had in the past that were unsustainable. According to my projection chart below we should hit $1000 on Mt. Gox on January 13th. This of course is barring any unforeseen news.

I like to add this to the graph:
So, every "chrash" of the BTC-Price happened to be inside the 2 ascending lines.
We have a very stable bullish trend. even a 90 % (!!!) dip won`t harm  BTC.
Interpretation of the professional chartanalyst of Godmode-trader.de by 18/11/2013
Quote

will never be 1000 usd, it back to 10 usd

http://invezz.com/news/forex/7726-bitcoin-usd-will-plummet-to-dollar-10-by-first-half-of-2014-predicts-risk-management-expert

That's a good graph. Shows where the "value zones" are as well.

A Rally acceleration is going on which could push up the Price up to the potential trendchannel top at about 2.400 to 2.600 Dollar.
From there could start a correction which might be finished in the bullish Version in a few month at an high Level.
After that another Rally acceleration is possible.
Prices up to 15.000 or 100.00 Dollar seem to be utopic at this time but from the chart-analytic Point of view they are possible without any Problems.

Might get wobbly from next week on as more people buy in, and then as we approach 1,000 I guess some more might sell off, although it seems like most are content to sit tight.

I do predict one thing with absolute certainty. If this line continues to the weekend you will see an increase in posts screaming "Low volume!", "Manipulation!", "Mac-Ds on the EM 74 calling bear market, Roger!", etc. as those who have waited for the last drop to the $300s try hard to justify why they should be able to buy in at lower prices. The FUD will increase this weekend as it is the last chance for a no-reason panic sell; afterwards we are properly into January 2014 and the small shoot of a line that has developed over the past couple of weeks will steadily gain support as it grows into a good strong tree in the early months of the year!

This is pretty much what I meant when I said "January; February latest" - you put it into mathematics.

Keep the unexpected news in mind though, true!

We will see how it plays out and if we are right.

It looks like we are in a gentle upward climb from the low point. Frankly, I prefer this to the wildly climbing prices we've had in the past that were unsustainable. According to my projection chart below we should hit $1000 on Mt. Gox on January 13th. This of course is barring any unforeseen news.

If btcs fall in value due to regulations or protocol problems then it is a bubble.

I sense a hint of sarcasm

It's new year! Everyone get your bull on. The correction is off and we're going to the oort cloud. Way over the exponential trend. We're going to trend exponentially on an exponential scale. Let's make a log chart of the log chart. 2014 baby!

It's new year! Everyone get your bull on. The correction is off and we're going to the oort cloud. Way over the exponential trend. We're going to trend exponentially on an exponential scale. Let's make a log chart of the log chart. 2014 baby!

That post comes from me [Germany]
Yes, it`s really the best longterm-chart

Someone posted this link earlier

Best analysis to me so far.

A "bubble" imo is a positive price movement when there is nothing to back it up anymore.
You can get into a cascading effect where the price is driven sky-high because people are investing in it because the prices are going sky-high turning the whole thing into a self-fulfilling prophecy.
Only when a person or a group, which have a big enough share, figure out that the price is utter bullshit and pull out (or no new investors want in) does the "bubble" "pop". Due to the fact that the price plummets and everyone already knew that the price was bullshit, will everyone start making a run for the exit driving the price into a crash.

With bitcoin it is hard to tell if we are in a "bubble". The price is based on a tekst string and has no usable value, this is equal to fiat where the paper itself has no real value. Is the euro a bubble, is the dollar a bubble? these questions are equally hard to answer. If fiat can survive bitcoin most certainly will survive since nobody controls it. Some virtual coins will therefore become strong like euro's or dollars in fiat-land and others will become virtual Zimbabwian dollars which are completely worthless.

It's all about trust and acceptance and only time will tell which will survive. As we know from historic events like VHS vs Betamax we know that it is not always the best that wins.

Are we in a bubble? Nobody knows. Does it feel like a bubble? Not to me but who am I.