Bitcoin Forum

ever since price started rising from about $780 i think it is going to stop at some proce (like $860 then $900,...) but every time i think that, the next day price goes up again.

right now as i am writing this price is $933 according to bitstamp.

where do you think this rise is going to slow down and we start seeing the same price for one month. $900? $950? $1100?or $850?

It's very difficult to point out at what levels or time frame the price will start to slow down as it's constantly surprising us. No one can really put a correct answer on the table. I personally guess that from current levels it will become much more difficult to see the price go up further. Especially with the $1000 being some sort of a barrier. Right now Chinese exchanges are less than $40 away from reaching $1000, but people don't really add much value to that. Western exchanges have a decent amount of catching up to do as they are $30 behind China right now.

The price rice will stop after the huge mega panic FOMO buy-in spike.

I believe that the next bear market will be very short lived.

didn't the FOMO already happen with the $100+ rise in a couple of days which happeneded recently? it had all the signs for sure, the volume spike, the increased number of searches for bitcoin in google and other places and so many other things.

IMO when the price hits the $1k mark, that's when this rise is gonna stop. I believe everyone's on sell mode come that time.

It will continue rising this is the chance that people will continue too using bitcoin and it will be show to those people to be interested of using bitcoin some of countries are starting unbanning bitcoin they starting using bitcoin and they buying bitcoin for almost 10% additional fee i don't think that bitcoin will be down next year :)

That is correct but that was only a small one followed with a modest $40-$50 correction, the big one still has to come. I think that will occur when Bitcoin crushed the gold price.

We had a brutal bear market for the past few years, Bitcoin fundamentals are still extremely bullish the last ATH will be obliterated.

I don't think this pump gonna stop before $1000 this time, we may see $1000 per coin as new year price. And new ATH by end of 2017, it is quite amazing to see this type of huge pump without any big correction.

No one knows as other traders are waiting for it to take advantage of the buys. Generally you are talking about the correction price, as long as the price is above $800 after some bearish attempt that is just fine. It's a good floor to make room for another buying rounds.

So what to do? Don't be afraid to buy when there is a price dip. After all, an enthusiast will only believe that bitcoin price will only goes into one direction as the years passes by and that is "price up".

I think it will reach more than $ 1000 at the end of year and start to decreasing a bit
I'm also see the chart , the value move unexpectedly so anything can happen

Well, maybe the price of  will begin to stop up or down slowly when the price exceeds the price of $ 1,000. I feel that, very many people who would sell their , and  it will make the price rise be stopped or down slowly. Well, I am very confident with it.

I think that we can see 1000$ even before the end of this year and if that happens many will probably want to sell and make a profit which could cause a drop in price.This is somehow the most likely scenario,but I would not bet that it will just be like that.People are a lot smarter than previous years,they hold coins as a long-term investment,but whales will surely at some point start to sell and take profit.

That time has not yet come obviously,predict when it will exactly happen is almost impossible.

You know what? Fuck I don't even know. I distance myself from bitcoin for a few months, and next thing you know this shit happens. I'm considering even buying tonight (1:45am atm) and selling in the morning. Bitcoin has been nothing but a roller coaster ride of emotions and FOMO and regret ugh.

I damn hope it slows down before it goes "to the moon" or some shit because I'd like to finally profit off of this to some extent. I'm currently at a $200 loss so I don't really consider myself a trader.

To answer your question though, I think we'll rise until mid January or something. Kinda wanting to buy right now but I'm also trying to keep my emotions in check before I do anything with large amounts of money.

Don't mind me. This year's been tough, is all.

For me its going to be slow by end of the year and it will continue rising on the month of june 2017 it can be up untill 1,000 dollars to those people who predict that this will happen it will not be down too bitcoin is super strong now. And will continue growing till next next year.

If the price hit 1k value it is a normal that the price was increase but the problem many people are always satisfied if the price hit that value soon.. and i think if the price right now will stay at 800 value until new year..
For now i hope that more people are supporting the price right now and everytime the price was decrease they can refill or buy bitcoins just to contribute and just to push bitcoin for new level..

it will slow down until it reach atleast $1000 then bitcoin will drop back down up to $500 because i believed that if the users will cash out their bitcoin from their wallet bitcoin will lose investors so they needed to put the price of bitcoin to drop down so the user will invest again i think that's the strategy of others so they can buy many bitcoin as they want

Maing, noabody here know.  Y'all could ask 100 people an they ain't gonna be able ta tell y'all.  Y'all might as well axe Donald trump when his wig gon' fly off his haid.  Could happen anytime an' ya jist don' know how the breeze gon' blow.

It is impressive to be at a $200 loss when the price is at a 3 year high.  If you locked in profits at a lower level, I wouldn't consider that a loss, just a missed opportunity.  If you tried to short Bitcoin, then hopefully you learned a lesson.  Now is not the time for that.

when did you buy your BTC in order to have 200 USD loss?? sounds strange


We are looking strong now,  holding nicely at 930-935 USD and i see several big buys on Bitstamp, ranging 10-30 BTC.

We all know that this crazy increase will just stop once there is a trigger for dump and will now be followed for more dumps resulting for much price decrease. But for average, it's a matter of only around $100 as the range of price decrease when there is a big dump.

So imagine now if the price today will suffered dump, expect a standoff point at around $700 to $800 which is far good. I don't see any majority of big traders will do such dumps at $700 if ever they didn't able to sold at $900 above since they will think it will reached again and  for a wise decision, the will just add more coins during the price decrease.

Aw sorry mate. Best to just buy and hold through the ups and downs, knowing the true value and usefulness of the BTC network in your heart.

There is no doubt that the price of bitcoin has taken a firm step towards the $1,000 barrier. I am convinced that this barrier will not mean big problems for bitcoin and I would expect a stable range around $1,000-1,100.

Are you talking about this year or will make it happen next year?? Im not convinced that bitcoin price will totaly hit this month before the year ends i don't see any of the reason it maximize its capicity this year to incorease we just wait for another year to celebrate

If the situation in India continues with the same rate in first quarter of 2017 the rally will goes on. It is difficult to predict the price because for many people 1000$ is the psychological barrier and most of them may start to sell in order to gain short term profits if they had bought big amounts some days ago when price was about $800.

I agree, $1000 BTC is a selling point to other holder, and as we see the movement, price seems fluctuate around $880 - $930  +-50$  a good amount to get profit from the ups and down of bitcoin.  And I think it recently slow down since it's been several days of moving up and down and have not shown much progress in price.  Maybe accumulating phase for whales before pushing Bitcoin to pass $1000

No. Nobody except hardened bitcoiners noticed this rise. There is a lag -- especially during holiday -- for the news to propagate to major markets. Two weeks, then FOMO.

The only sensible way to compare BTC price and XAU price is by market cap. At today's gold price, that would be about a half-million federal reserve notes per BTC.

Somehow, I don't think this is what you meant. But equating the unit price of completely arbitrary quantities of two radically different instruments is meaningless.

FTFY

it depends on bitcoin holders and the consumer's needs. But it still keeps going up highly.
If people do not sell many bitcoins for profits the price will be higher and higher. it means non-stop price.
I still buy more bitcoins and hold them at least 1 or 2 years later.

The sentiments are still bullish for bitcoin but the market might correct down to get rid of selling pressure. Right now there's no significant factors that might affect the price to go down like what happened before, only minor corrections occurred.

I would  say that 25% that the drop will happen now. Because well... its a good moment as every else. 50% that after the hype blowing up the psychological 1000 usd per bitcoin. The last option is 25% to me happening that after we hit the previous ath.

I think rise would be stop from coming February. I do not have reason for that actually every year till January we could see some god price rise in bitcoin price, so We already saw good pump in this year due to halving and holidays pump.

Maybe it would back to $700 again ? ;D lol it's really hard to determine what amount will be the last price value of bitcoin . It's either will go higher or will go dwon first before it eventually become briefly stable . But I hope that it will stop on $1000 price or even $900 .

Bitcoin has a history of repeated bubbles - though each bubble peaks much higher than the previous bubble.

We've had five so far.

https://cdn-images-1.medium.com/max/800/0*2xQIOvWL1RW92pzY.

Based on the past, we might get to $1500 before it pops.

The following excellent article explores this further:

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.lc6fzjqyu

It will stop rising when one of the bigger alt exchanges bail out or the btc exchanges. Or my theory is when a dark web site goes down. I'm thinking alphabay have had a good run lol

will top out around $3000 per coin next year, unless some fundamentals change significantly.

Haha and you don't think we will have some dark markets or exchanges go down before that?

well of course if there's a large exchange will be hacked again it's not only going to stop on rising it's also going to bring a big crash to bitcoin and I think if there's one of the dark web sites goes down it will affect the price very much . as far as I know dark web has a big circulation of bitcoin .

What type of car is in your mind? I know it's a bubble but the same bubble is the reason for the rise and people knowing there is a price bubble causes even more inflation but when the big holders enter for big profit they start to sell in bulks that is when the bubble starts to shrink but never explodes.

I would imagine it will start to slow down come early February like it did early this year. I do remember regretting not buying some then when it was increasing at a frantic rate to stop at $750. :D
Now you can imagine my state right now. :-\

I believe we will pass 1000 $ within a few days, could be tomorrow even. Then we will struggle for a few weeks to break ATH. If that happens there is no telling where this is going. Moon is a posibility. After living through both bubbles of 2013 I know how explosive bitcoin can move.

Oh man, how I've missed this!

I have no idea when this meteoric rise will stop but at some point, inevitably it will. Maybe people will start selling at $1000 as it acts as some kind of psychological sell alarm.

But I guess some people will wait for new ATH. Because last time when bitcoin was hitting four digit price level for the first time, it was not immediately taking U turn. I'm expecting same to happen like bitcoin may set a new all-time new high price levels this time too. At the same time, it may continue its rarely if new people keep on coming to invest in.

Not easy to tell. The dump will follow but maybe not very big and not immediately after hiting 1000$. I expect to go above 1000 for a hundred dollars or two and then a minor correction could follow. But again that depends on so many factors on the market.

seems like my answer was today :)
because so far we have hit the slow down button today as price is playing around at $950 and going up and down around it.

now the hardest part is speculating which way it will go after this?
and i am talking about the short term, long is obviously going to rise!

The price of bitcoin is keep increasing really it is very hard to predict because user base for bitcoin community keep increasing.When there is an huge demand for bitcoin and the supply of coins is very less means than definitely the price will increase. Many people out there are keep holding the bitcoins for their future needs.

I'm hoping for the same pattern as we've seen around christmas evening!
We dropped from 920 to the high 850s and bounced back up pretty fast and strong, continuing the uptrend.
So imo we shouldn't go lower than 920 from the top which had been 980.Right now we are back up to 950.
Would be awesome to see an attempt to pass the 1000 with the beginning of the new year.
Let's see how it will play out the next 2-3 days.

The last few days bitcoin prices rise rapidly, even in my opinion fairly high. But today I see bitcoin price movement slowly began to decline and began to slow down. I did not know it was going to last a long time or not, but I believe bitcoin prices would still rise up to several months. Perhaps the price will start to slow down if it reaches $ 1,000.

for now, I also predict that the price of bitcoin will increase slowly. Well, I feel that bitcoin prices will stabilize or stop increasing when the price of bitcoin, have reached $ 1,000. but, people waiting for higher prices, and it makes them hold their bitcoin in a very long time, to wait for the target price.

When bitcoin reach $1000 it will be the reason of bitcoin being stop from rising because im sure the price will drop back down because the bitcoin system determine when does the use cash out their bitcoin so theyre gonna make it drop down so the users will invest again on bitcoin

Which instantly tells me the whales know this and are ready for that which is why they have taken it so high to begin with. That sell 1k sell off from Joe could hurt a lot of people when it rockets like never before. 1-0 to the pumpers.

No, it still rises up and now there are not any obstacles to stop the price unless hacking big exchanges or political issues.
I think the price will be at 1200$ in march or april of 2017. if yes, I can get a big earning from holding bitcoins.

The day after the bitcoin hits $1000, eventually it will lower than depending on the people who will sell it.
And will rise up again for the following months if it has a low price since many people will buy and wait again for the next bitcoin rise.

Every exchange employee/operator with access to all the real time information, is purely basing its trades on the information that no one else but themselves have access to. In that regard, every exchange can be held responsible for allowing whatever entity to make use of insider information. If I was in such a position, then I would of course gladly welcome every bit of insider information that will help me to maximize my profits. It happens everywhere.

It was something like shorting, it was definitely a hard lesson to learn. The $200 loss is just a lot more heartbreaking if you think of what it's value could've been by now if I just hodl'd it.

i will close this topic since this was for 2 months ago and more argument here is pointless since we all know the answer.

thanks for all the replies.