Even if the price will make a correction, I dont think we will crash back to 150$ again ,that would be absurd.
Probably a retracement back around the 260$ levels and then probably take off again.
$150 will only happen when there is a disaster. The medium bottom is $250. If the price stays above $250 for another 3 month, the price could go to $600.
We didn't touch 500 on bitstamp. It went to 499.99 and then came down all the way to 485 from there. People dump at 1 cent less, which is funny.
Lol on bitstamp we hit $502 and then it went down to $485.
On the day's range it shows $401.04 - $499.99 . No idea why would you see 502 and I would see less. Probably their way of fooling people and making some money out of it . JK, but anything's possible.
The price touched $502. The price is $495 now. The price increase is quite made recently. Correction ahead? Or consolidation?
This dead cat has already bounced to $420. It will bounce or jump further. The height is not in sight yet.
Post
Topic
BoardAltcoin Discussion
Re: Mining is killing ETH price -- when to buy?
by
Laketear
on 03/11/2015, 10:45:12 UTC
The price of Eth based in USD is quite stable in the last few days. The price based in bitcoin has dropped a lot because of the price rise of bitcoin. The price of Eth might rise to catch up the recent lag.
Post
Topic
BoardAltcoin Discussion
Re: Mining is killing ETH price -- when to buy?
by
Laketear
on 02/11/2015, 18:21:36 UTC
The price is still over $1. We may wait for a few month to buy Eth. The dump from the ICO and developers has not finished yet.
You can see the price increase is very sharp, so it could be a bubble.
However the global economy is so fucked up,that it could not be as well. It can be just a late reaction of traders worldwide that discover that bitcoin is the real deal.
The price rises so fast. It could be a bubble.
The world economy is not too bad. If 1% of Wall Street money comes into bitcoin, the price will be much higher.
The current trend of bitcoin is that is is appreciating. The big bubbles and bursts only affect the short term trends.
Surely it will burst soon or later because at one shot prices went up more than 50% so I think there will be a correction soon.
If the price stay here for a few weeks to consolidate, and then rises slowly, there will be no burst. But it is the human nature that we want the price rise very quickly.
Post
Topic
BoardAltcoin Discussion
Re: Is Ethereum about to pull a Cloak?
by
Laketear
on 31/10/2015, 10:58:28 UTC
Price goes up and down all the time. As long as there are continuous development in Ethereum, it is a good coin.
Well, let's say in 10 years Bitcoin is widely used worldwide. What would the fee be for a cup of coffee? Because if it's too high no one will use it for such payments which is a shame. Of course, that's where LN would solve things to make it cheaper, but it's not "inside the chain". It doesn't feel like "real Bitcoin" or something. But I also don't see any other solutions for this problem. Centralized nodes is a worst case scenario.
Bitcoin will be many forms in the future for it to be transacted instantly. Lighting Network or side chain are one of them. But they are still bitcoins.
i dont think a big whale or what ever who's can control/manipulate the market are really exist,if they do,then why the price didn't dumped/pumped fastly?
The big whale is not a single entity. It can be a collection of wealth groups. When bitcoin is universally accepted, it cannot be controlled or manipulated by a few whales. The competition will be high.
How are you measuring volatility? This site uses a pretty standard method (standard deviation of returns over a 30-day period) and its results are about what you'd expect after 9 months of range-trading - BTC/USD volatility is lower than it has been historically.
The volatility of bitcoin has been low recently compared to the price fluctuation in 2010-2014. The price is picking up steadily.
It's time to be a bit nervous but also optimistic that we will see prices appreciate. As it is the rise has been fairly steady but not rapid which to me signifies a stable but good increase in the value of Bitcoin to users, and with china having more investors is always a good sign for it.
Steady rise of the price means the value of bitcoin is recognized gradually. So the future of bitcoin is bright.