Quote from: niothor on August 15, 2014, 05:44:01 PM

Quote from: gjgjg on August 15, 2014, 05:24:01 PM

a fall to 400 is good, the last all time low before the last all time high was $50 or something. if 350-400 is the 'new low' then were in for a treat next peak

a fall is good? probably if bitcoin now goes to 600 you're going to say it is bad?

Check my post above for my logic:)
Basically as long as we dont go below the previous low (the lowest price between peaks) which was $50. THen we are still on the up trend.

If it shot to 600 now id say that were probably looking at the bottom price of 480 or whatever it just hit. I hope it hits 350 before we get to 600 again, as that will trigger all sorts of buyers who are just waiting in the sidelines and give it a lot more momentum than if we just hit 480:)

just mho

Quote from: gjgjg on August 15, 2014, 05:40:23 PM

Quote from: falllling on August 15, 2014, 05:30:49 PM

Quote from: gjgjg on August 15, 2014, 05:24:01 PM

a fall to 400 is good, the last all time low before the last all time high was $50 or something. if 350-400 is the 'new low' then were in for a treat next peak

there are always new low man, some has been saying "cheap" coins since last year at $1100 $1000 .. $540 etc

yep, people talk a lot, but i look at market cycles. Unless BTC is fundamentally flawed (we all know its not) or will somehow be killed (gvnt isnt that organised) then the market will go through these crazy cycles in the first years. Since most of the world does not yet use BTC, then as new markets move in, so do new buyers.

Imagine what the price would be once SAmerica, IndoAsia and AFRICA start jump on board. Since this hasnt happened yet, I think we are still on the bull trend. I think about 1-4% of the world uses BTC or is aware of it now, thats a lot of upside potential...

Anyway, my logic is (while on bull trend) price sets new higher highs followed by higher lows, then higher highs then higher lows etc. So, $1 low to $15 high, then $6 low to $250 high, then $50 low to $1200 high, then $400 (or 300 or 200 take your pick) means a new high of....

as long as, on this next low price happenig now we dont go below 50$ (the last low) then we are still on bull trend:)

my bet is down to 350 now, then up to 800 by xmas. if Argentina jumps in, then 1500. If we get lucky in the next 8 months and some African nation jumps in, then new high of 2000 is my target:)