Bitcoin Forum

Fantastic Bull-Run. Here's hoping for testing $1000.

No need to hope to test $1000 as it simply will not happen. Our biggest concern should be to keep the price above $800 in the coming months.

If that's something that we can achieve, then after that we might be able to focus on reach $1000. Mainly because I have the feeling that things are about to turn any time soon.

The people spend more money bcs it's Christmas. So yes will testing $1000 because of that. I hope it won't happen tho  :P

Bitcoin finding stability to hit $900 dollars before i sleep yesterday bitcoin price really hit 900 dollars and then decrease into 883.6 usd dollar per bitcoin and for $1000 it will not happen on this year maybe next year but if theres an bitcoin holder will pump bitcoin it will tottaly make it.

It is Christmas eve, there are many people who HAVE to cash out for Christmas presents. Also consider end of the year expenses. The fact Bitcoin price is rising during the Holidays makes me think it will explode after all the spending stops. Who on earth is buying Bitcoin right before Christmas? Doesn't make any sense. (answer: ME)  ;D

actually i am hoping it doesn't happen. because going to $1000 now makes price too unstable and i don't like that because there would be fall and a bad one if things become unstable.

right now it seems like price is getting more stable below $900 mark at $880 and passing the $900 and i think it will continue this way until the end of the year.

It's definitely not going to happen and I personally don't want it to . It's already unstable at the moment and we don't want pumping and pumping with no reason , the faster It goes up , the faster It goes down. If we could see a stability with a price increase overtime that would be great.

It is perfectly possible that we test $1000+, we are seeing a backlash now tho because people get scared when we get close to $1000 , but we will get there. Notice that the last bubble went from 30 to 1200 in a matter of hours, this rise has been going on for months and we started the rally at about 250 dollars, also back in 2013, only MtGox existed. Bitcoin is now way more powerful and is able to absorb all the panic selling idiots quickly.
Personally i think we will see a correction and then the rally will continue. The think is, it may start going up again at 870 and some people expect a lower price and get out of the game to get in.

The majority of the people (inexperienced traders) are just blindly buying at various levels in the hope that the price continues to go up.

If you take that into consideration, then it's pretty easy to come to the conclusion that this can't last much longer as pressure is becoming too heavy to handle.

I am personally thinking in the way that we will test $800 again in the coming weeks. Maybe even this year as the price can sink as easily as it can peak.

I expect bitcoin to test and stay around 900$ levels for some days and break out of 1000$ after New year and once the holiday season is over. I am hoping that there would be no bad news coming out in those period of time.

Yes instead of touch some peaks and falling back, sustaining around current levels must be most preferred price levels for bitcoins in my opinion too. Still, I am strongly speculated bitcoin may test beyond $1000 levels by new year but sudden pull back also will be possible due to profit booking.

I chose the "Falling back below $850" option. A lot of people will be converting their coins to fiat (i.e selling their BTC) in order to purchase Christmas / New Year gifts for themselves and their family members. So I expect the exchange rates to dip by a small amount (probably by less than 5%). The prices will rise again, after January first week.

in today bitcoin  price can stable in 900 dollar/bitcoin
but in end year bitcoin price can up until reach 1000 dollar
if down can reach 800 dollar

Maybe stick with the translator?

There is a: no reason for it to go up. B: Many reasons for it to go down.
So no we will not see 1000 during Christmas or any time soon.
How about we fix the fundamental protocol problems first before shouting dumb things about unrealistic and overhyped greed prices?

Hello kwukduck
Can you ever develop a little bit your ideas?
There is no reason for bitcoin to go up? Why? some people talking about a delayed effect of the halving, other talking about the devaluation / drops of the fiat, etc...
Many reasons to go down? A part from people selling their coins to make a cute profit, can you tell another reason?

Taking profits is indeed the reason that the price is going down right now. I don't rule out some sort of a small panic effect that might play a role too.

It took so long because traders with large coin stashes need a high price in order to cash out a certain part of their profits without crashing down the price too much.

I hope of course we will see $1000 prices by new year, but I don't think it will happen. Maybe that we will see it become reality somewhere in January or February, but then no drama can pop up.

At protocol level bitcoin does not scale, is too slow, energy inefficient, not anonymous. Those are core problems that need to be addressed for a stable and durable cryptocurrency to flourish and last.

Other crypto 2.0 is rapidly taking over from bitcoin as they solve these problems while butcoin development has basically stopped.

Nothing is impossible, there were lots of continued adoption happening in accordance to time. This time its expected to be very high than the past years because of several economic issues that took place around the globe. This has made users focus towards bitcoin.

As I understand Christmas Day was yesterday - price of BTC on Bitstamp at that time was around $895-$900
So we can see that the correct answer was "Finding stability at $900" - there is really not much we can add here.

Better to lock this thread now to avoid meaningless discussion.