Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
$1300 in 2017, probably within 6 months or less. We've broken out above $788 Bitfinex-hack high, accelerating, opening wedge, and two flag patterns. This is uber bullish.
Re: is it time to start seriously talking about a $5000 BTC
They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.
The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.
BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.
If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.
And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.
Just look at the events around us to see what is accelerating:
https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102
It Is Just Time.
Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:
https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006
I expected a correction because the price went too high too quickly. Most of the time when we see it spike high like that, it will come back a little.
They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.
The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.
BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.
If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.
And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.
Just look at the events around us to see what is accelerating:
https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102
It Is Just Time.
Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:
https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006
Sentiment in this thread is very cautious and scared.
That is extremely bullish.
We are climbing the wall of worry now. Everybody is still remembering the $1200 to $150 crash.
When the "Bitcoin to $100,000" (to da moon) mania returns, that is the time to become cautious.
That is extremely bullish.
We are climbing the wall of worry now. Everybody is still remembering the $1200 to $150 crash.
When the "Bitcoin to $100,000" (to da moon) mania returns, that is the time to become cautious.