Bitcoin Forum

As of today, Jan 1 2017, we have a new all time high marketcap of over $16 Billion!

Congrats! BTCBTC

http://coinmarketcap.com/currencies/bitcoin/

Yes, congrats.  Hope people here are making money, 'cause it's nice to see the euphoria that's catching on around here. 

This feels much like 1999 with biotech and internet stocks.  People were out of their minds, pouring money into mutual funds, and the prices were on a moon trajectory.  Then the whole thing crashed to the ground in March/April 2000.  I'm very much hoping this bitcoin bull doesn't end up taking a nap in the dirt.  If you know what I mean.  But in the meantime, I'm loving it.  :)

Not sure how long you have been around but Bitcoin has had its ups and downs. Not long after hitting the last ATH it took a nose dive. Check the charts - it wasnt fun but thats part of the risk we all take.

Im in for the long haul so the downs dont mean too much to me at the moment.

yeah but the difference is clear, with the first ath, bitcoin reached $1200 from $90 in what? few week? so its bound to be dumped eventually, but this time is vastly different

we went to $400 first, then sit there for some weeks/months, then again 750 with a retreat to 500-600, then another 750 and now 1k, i guess the bottom is the last time that the value reached it twice, so $700-800 range

that first rise was in the course of a little more than one month (although i think if you take the bottom at $90 it was a bit longer) but the new rise when we broke $1000 yesterday took bitcoin over 2 years to achieve. and that has to count for something, right. i mean all those who say it is going down because it is like 2013 want to sweep this fact under the rug.

Very true. I guess I didnt really mean it wuld crash back to nothing, but i do expect  we wont stay above $1000 long before it falls back a bit.

Back to 600$ soon

if it stays on 1k for long, the more people outside btc community will invest. i will definitely hold the rest of my coin more than a decade. until i need the money badly. so 5k may not be that hard to achieve after all.

first time around it was mainly amateur investors who bought , i remember the bubble myself i was trading it.  it was all mtgox, there was no leverage or any advanced trading, multiple exchanges, hedge funds etc.   it was almost totally out of the radar of the mainstream media

this time it is in the mainstream media. there are btc hedge funds, many different exchanges, futures, etc.  

the price is not so crazy, its been a very slow buildup  at each point people were thinking it would crash and it didnt.  we've got kwukduck saying its  a bubble, people convinced technical problems,  etc etc.

 that is unlike the first time when people were saying it was going to $100,000 per coin, "new elite"  almost nobody thought it was a bubble, just seemed to go up and up every day with no doubt about any crash

the truth is theres some professional investors who are buying this time and arent going to sell, this is a very steady strong rally unlike 2013

yeah theres no crash this time dont think its going below $1000 again , sorry guys.  if you havent bought it still time. we can go quite high this time, much much higher than last ath

I think it wasn't even weeks, it was a matter of days, and it was sitting at around 70-80... it was insane. This time it's much more controlled, the marketcap speaks for itself. Back in the day, we only had MTGox as a single point of failure, the only damn exchange for bitcoin on the planet, it was insanity. Now, it is perfectly possible that we are seeing a new floor at 1000, and the people waiting for sub 1000 are going to get screwed up and left behind. Shorters beware.

The new market cap is a milestone. I glad I stick with my bitcoin since 2013.

You are kidding? I really expect bitcoin will be down under 800$ but it's very hard to do that.
have you got any news about dropping back to 600$ ? and when is it available ?
and I will spend my saving money to invest some bitcoins for long term. Thank you.

You did good, but the real test will be the new all time high, since we probably have a considerable amount of people that bought at around 1200 which was the top, so they may be waiting for 1200 to dump, but you have also apply the psychology of the "why this long walk only to get to 0?"

It's like, people that held since 2013 having bought at 1200, why would these people sell at 1200? it's like wasting 4 years for nothing. You might as well hold and stay on board, since chances are we are going to go for a new all time high. The correction will be way smaller than most people predict.