Author Topic: BTC to 6000?  (Read 3574 times)

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Offline CLains

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BTC to 6000?
« on: April 20, 2016, 12:36:16 pm »
BTC has gone 10x three times before. Most people didn't see it coming.

https://www.tradingview.com/chart/BTCUSD/mFSOoXq6-Predictive-Analysis-of-the-Next-Megabull-Cycle-Break-Out/

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Offline CLains

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Re: BTC to 6000?
« Reply #1 on: April 20, 2016, 12:38:46 pm »
As a corollary: If this happens, BTS will make a bull-run to 100 million and beyond right before BTC is plateauing.

Offline karnal

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Re: BTC to 6000?
« Reply #2 on: April 20, 2016, 02:49:09 pm »
May the interdimensional fractal gods listen to your prediction!

Offline Tuck Fheman

Re: BTC to 6000?
« Reply #3 on: April 20, 2016, 03:38:38 pm »
~$650 is perhaps not unlikely by June, but $4000+ I doubt very seriously will be achieved any time soon, if ever ... but it would bring a big smile to my face.  :D

That said, my outlook for Bitcoin is more along these lines ... http://forums.prohashing.com/viewtopic.php?f=11&t=782  :-\

Personally I can't see new masses rushing to Bitcoin, except out of ignorance, when there is far better crypto-technology in existence today.
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Offline Ander

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Re: BTC to 6000?
« Reply #4 on: April 20, 2016, 08:10:09 pm »
So at bitcoin $6000, BTS can be like 90 sats?
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Offline CLains

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Re: BTC to 6000?
« Reply #7 on: April 21, 2016, 11:26:39 pm »
~$650 is perhaps not unlikely by June, but $4000+ I doubt very seriously will be achieved any time soon, if ever ...

Law of trading: The more you doubt it will happen the more likely it is. ;)

So at bitcoin $6000, BTS can be like 90 sats?

BTC goes up, BTS follows. Although, if BTC goes 10x I suspect at least at one point BTS will go 20x.

Offline werneo

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Re: BTC to 6000?
« Reply #8 on: April 22, 2016, 12:44:45 am »
Fun with charts:


https://www.tradingview.com/x/FVZDJUCv/

And this: http://www.zerohedge.com/news/2016-04-21/bitcoin-about-soar

Quote
sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low (point)
« Last Edit: April 22, 2016, 02:07:34 am by werneo »

Offline Empirical1.2

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Re: BTC to 6000?
« Reply #9 on: April 22, 2016, 04:43:45 pm »
I've been bullish on BTC due to the halving. It will be able to support a much higher price on the same level of demand and the market will start pricing some of that in.

I wouldn't be surprised to see it test $1000 before the halving.

http://www.bitcoinblockhalf.com

(Edit: It can't support anywhere close to 6000 though even with only 4% inflation :) )
« Last Edit: April 22, 2016, 04:50:44 pm by Empirical1.2 »
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Offline werneo

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Re: BTC to 6000?
« Reply #10 on: April 22, 2016, 05:42:31 pm »
I've been bullish on BTC due to the halving. It will be able to support a much higher price on the same level of demand and the market will start pricing some of that in.

I wouldn't be surprised to see it test $1000 before the halving.

http://www.bitcoinblockhalf.com

(Edit: It can't support anywhere close to 6000 though even with only 4% inflation :) )

Don't forget the transaction cap of 1 megabyte per block. Bitcoin transactions capacity maxed out for the first last month, and block times slowed to over 40 minutes. Another bitcoin bull market could cause transaction confirmation times to balloon to an hour if not more.

Ironically, a new mega bull could provoke a crisis. Then it's fork or die.

Offline CLains

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Re: BTC to 6000?
« Reply #11 on: April 22, 2016, 06:25:13 pm »
I've been bullish on BTC due to the halving. It will be able to support a much higher price on the same level of demand and the market will start pricing some of that in.

I wouldn't be surprised to see it test $1000 before the halving.

http://www.bitcoinblockhalf.com

(Edit: It can't support anywhere close to 6000 though even with only 4% inflation :) )

Don't forget the transaction cap of 1 megabyte per block. Bitcoin transactions capacity maxed out for the first last month, and block times slowed to over 40 minutes. Another bitcoin bull market could cause transaction confirmation times to balloon to an hour if not more.

Ironically, a new mega bull could provoke a crisis. Then it's fork or die.


Offline Empirical1.2

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Re: BTC to 6000?
« Reply #12 on: April 22, 2016, 07:01:51 pm »
I've been bullish on BTC due to the halving. It will be able to support a much higher price on the same level of demand and the market will start pricing some of that in.

I wouldn't be surprised to see it test $1000 before the halving.

http://www.bitcoinblockhalf.com

(Edit: It can't support anywhere close to 6000 though even with only 4% inflation :) )

Don't forget the transaction cap of 1 megabyte per block. Bitcoin transactions capacity maxed out for the first last month, and block times slowed to over 40 minutes. Another bitcoin bull market could cause transaction confirmation times to balloon to an hour if not more.

Ironically, a new mega bull could provoke a crisis. Then it's fork or die.

I think it will force a change but I'm not sure it will be the end of the world if it doesn't.

I have a theory that BTC being used a transactional currency is of limited value, because merchants, due to volatility, immediately sell received BTC for fiat causing selling/downward  pressure on BTC.

I think it might be to BTC's benefit to be slow and expensive and function primarily as a store of value/digital gold.
« Last Edit: April 22, 2016, 07:04:11 pm by Empirical1.2 »
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Offline Tuck Fheman

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Offline Empirical1.2

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Re: BTC to 6000?
« Reply #14 on: April 22, 2016, 08:01:05 pm »
http://forums.prohashing.com/viewtopic.php?f=11&t=821&p=3113#p3113

He's right about the halving usually being priced in early, the decline after is natural though, (bit of a sell on the news event) but not evidence that the halving is of limited impact because the price generally settles at a much higher base than say 6-12 months prior. (As would be expected.)

He didn't think Ethereum could go much below $10. Again like his halving analysis underestimating the impact of inflation, downwards in ETH's case, on price.

He thinks ETH will see a surge in June, which it might if that co-incides with major ETH news. But again it's a question of mined supply being sold into relatively thin crypto buy walls. After the halving BTC can support $10 billion for less money/average demand than ETH can support 2 billion.

Also he thinks it has established itself as the second currency but imo ETH is viewed & valued by the market as a DAC.
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