Pages:
Author

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

hero member
Activity: 728
Merit: 500
I want to hear your thoughts on when btc will reach 1000 bucks again, feel free to share.


Here is a chart I made on December 17th. Before BTC fell below 500 the following day.

According to my observations it could be anywhere between mid January and June 2014.  Unless we hit another bull market, then it could take only a couple days. If that happens we maybe headed back to the moon.  Wink






Seems like a reasonable chart. But a chart that says we will hit $1000 again between January and June doesn't really tell me I couldn't guess anyway Wink

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?
Guys I need charts with at least this many lines, but preferably 5 times as many lines. Oh, and the moon. Don't forget the moon, and the oort cloud is required also.
sr. member
Activity: 434
Merit: 250
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.



So far today the bitcoin price climb is going at an orderly pace. If it continues this way for the next 2 weeks we will hit 1000. Since it was at 800 yesterday (12/31/2013) that would mean a 25% return on investment after just 2 weeks. I'm thinking about buying more.

Of course, nothing says it has to continue like this. Many things can happen in the next 2 weeks to change this orderly progression.
sr. member
Activity: 434
Merit: 250
Someone posted this link earlier

Best analysis to me so far.
That post comes from me [Germany]
Yes, it`s really the best longterm-chart
That's a good graph. Shows where the "value zones" are as well.
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
Quote
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.

Even on a non-logarithmic scale, the "crash" in April of 2013 and the most recent one still didn't bring the level down to what it was before the crash like it did in summer of 2011. That tells me there is some inherent investment value in the market.
hero member
Activity: 728
Merit: 540

The expert is right. He is only talking about mBTC though. So $10 is a fair price.
hero member
Activity: 602
Merit: 500
Someone posted this link earlier

Best analysis to me so far.
That post comes from me [Germany]
Yes, it`s really the best longterm-chart
That's a good graph. Shows where the "value zones" are as well.
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
Quote
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.
sr. member
Activity: 434
Merit: 250
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.



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.

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!

To be quite honest, I did think it looked like manipulation. The line is going up just too evenly with a few exceptions. But I think if that's the case it won't result in a big crash. I don't think anyone can manipulate down to 300 though. Some big news like the US government clamping down would be needed for it to go down to that from here on out.
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
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.



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.

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!
sr. member
Activity: 336
Merit: 250
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.



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.
sr. member
Activity: 336
Merit: 250
If btcs fall in value due to regulations or protocol problems then it is a bubble.


No, this is not what would make it a bubble - the exact opposite is the case.
hero member
Activity: 518
Merit: 500
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!

I sense a hint of sarcasm

Its very hard to tell with bitcoiners Wink
member
Activity: 91
Merit: 10
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!

I sense a hint of sarcasm
hero member
Activity: 518
Merit: 500
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!

Yep - enough of this Christmas "sideways trending" - time to move it on up!
hero member
Activity: 728
Merit: 500
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!
hero member
Activity: 518
Merit: 500
Someone posted this link earlier

Best analysis to me so far.
That post comes from me [Germany]
Yes, it`s really the best longterm-chart

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

In the end, I don't worry about bubbles. Anything that increases in price from $1 to  $800 in a couple of years is doing fine.
sr. member
Activity: 476
Merit: 250
Sixth of January 2014.
hero member
Activity: 602
Merit: 500
Someone posted this link earlier

Best analysis to me so far.
That post comes from me [Germany]
Yes, it`s really the best longterm-chart
full member
Activity: 140
Merit: 100
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.

A bubble is something which crashes in price subsequently. If Btc goes up in price due to more widespread adoption then it is not a bubble.  If btcs fall in value due to regulations or protocol problems then it is a bubble.

Personally, I don't think it is a bubble because Btc has not even penetrated 1% of the human population. Also, it's proven pretty difficult to kill the Btc protocol and the blockchain provides an alternate way for people to transact if they don't want third party intervention.

To my mind, another reason why btcs are probably not a bubble is the almost complete absence of direct leverage/credit in driving up Btc prices. The big leveraged bets are yet to be made by speculators. Once the big leveraged bets have been made, it will be possible for Btc prices to fall if the leveraged plays are withdrawn. Until then, IMHO current Btc prices are nowhere near bubble valuations.
sr. member
Activity: 378
Merit: 255
I expect it to go faster once the new year starts.
sr. member
Activity: 434
Merit: 250
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.

Pages:
Jump to: