Bitcoin shatters all moderate price predictions on tradingview

So I saw a lot of predictions claiming 3500, 3700 or 4000 as the top.
Either those people are trolls, or they fail to realize that bitcoin             growth spurts are NON-LINEAR !
Meaning that after each havling, a hyper-exponential growth sets in, leading to a succession of insane rallies.

People then search for reasons, conspiracy theories come up daily in bitcoin             land, whereas the reason why bitcoin            
is seeing such huge price increases is so simple: IT IS STILL THE HALVING EFFECT !

Growing worldwide demand + half the supply of before July 2016 => Price explosion

And this comes hyper-exponentially.

So I am not really surprised by these figures, and I think it will top around 20K in february 2018.

Sure I am also guessing. We won´t get a 118-fold increase like in 2013, bitcoin             had a much lower marketcap back then.

So conservatively speakling, I took "only" a 37-fold increase, about 1/3 of the 2013 increase.

The tops are getting further and further apart, from 500 to 780 is not even a factor of 2, same from 780 to 1320.
But then from 1320 to 3000, about 2,5 fold! This means that the tops are getting further apart, meaning that the next top
will certainly not be "only" 5K.
How this will play out, nobody knows, but one thing is certain: Bitcoin             will again surprise many people :)
評論: Ok, so BTC takes longer than anticipated. It seems that the rallies are taking much longer than they did back in 2013. As bitcoin grows, apparently so do the rally timeframes grow.

After this correction, I would say that the bullish picture is intact. It briefly touched the MA20 at 2980, but did not go lower, which is bullish IMHO.

That is the picture I see at the moment:

any update on this after the big volatility last few days?
@Johnsdad, Hi, I updated it. I think that the bullish picture is still intact, see the link.
you are the best on BTC
@Julie01, Thanks :) I wish I were, then I would be rich by now, hehe!
They will understand after they see it and say I should have bought it . A very old story between the doers and the wishers!
Please risk something and get paid. This is a chance of a lifetime starring you in the face. Just get long and follow your heart not your mind and you will be fine
@BBD2017, Indeed! One doesn't get many chances like these in life. THere is never a reward without risk.
the live wave came not after long consolidation like in 2013 (6month) but rather fast like a bulltrap. Google search volume for bitcoin also looks like a bulltrap. The whole crypto market cap looks like a double top.
It is 3 times more than Paypal's market cap, yet many times fewer users.
In Mai bitcoin lost against altcoins and yesterday bitcoins was crashing altcoins: Manipulator's strategy.
@fineregex, I heard that since 1200 :)
fineregex FlaviusTodorius67
@FlaviusTodorius67, i was actually talking about the market cap at 140 billion to be a logical, good, non linear top for 2017 and that bitcoin could have been at $4000 in june without fork FUD and pumps in ripple, ethereum and so on
@fineregex, I don't know if the market cap figure makes a lot of sense in crypto. Over 90% of coins are locked away, lost and in general not traded on the exchanges. Only a small fraction of coins will be available on exchanges for us to buy. With the BCH hard fork you could see how absurd the market cap figure indeed is. Out of nowhere, an additional 5 billion USD in market cap appeared, like magic. And this could in theory be done multiple times, generating a market cap out of thin air. Therefore I don't really like the concept of market caps in crypto, I only watch price dynamics and fractals.
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