Bitcoin Forum

what do think 2017 will bring? double peak like 2013? pain and tears like 2014? what is the sentiment?

obviously not! do you even have to ask?!!!!

this is the rise from $200 to $1000 in 2016 which took 12+ months

https://i.imgur.com/KmPODfX.jpg


and this is the 2013 rise which took <1 months

https://i.imgur.com/RhQdDl6.jpg

On a log scale you can see the size of two separate 'bubble' moves were similar in terms of percentage gains.

If that is to repeat with only one such move, we will see bitcoin spike to around $10,000  

:o :o :o :o


https://www.tradingview.com/x/1kGii0pr/

It could very well be the case. This is a new all time high already, we got the all time high in marketcap, and we got the all time high in euros, now we just need to get rid of the MTGox all time high to continue our journey into the deep space. Forget moon, this rocket is now bigger than all known planets, we need to start thinking in terms of supernovae.

I hope definitely not. Mainly because of the fact that it took us so long to reach these price points. That being said, it doesn't hurt to cash out profits at these prices.

I have secured profits between $1000-$1010 which I am very happy with. If the price happens to tank heavily, I have a decent amount of fiat to buy back my coins.

I agree with that. It is better for the price to rise gradually.

bold to short this rally, considering your name  ;)

price is playing on 1020-1030 USD and from what i am seeing on the Chinese markets i don't think this is going anywhere other than up, i actually would prefer it a lot if price stayed here a little longer but i am not so sure about it anymore.
i think we will see $1200 soon.

and to answer OP things are so different from 2013 and i didn't vote because i didn't like any of the other choices!

feel free to suggest better ones.  :)

2013 was powered by the eurozone crises. First the Greek problem, and then the Cyprus problem where they confiscated people's savings to bail out the banks.

At the moment there is a crisis in India (notes being withdrawn). Venezuela is also in a crisis, but it is too late for them, their money is already worthless so that can't actually buy any bitcoin with it.

I guess it depends on whether another crisis suddenly materialises.

These sort of issues could invite new users to bitcoin as they find it as a new form of investment and all of the experts are calling for a price range of over $2000 and it wont be like 2013 when there were really not that volume and members to sustain that price but that is not the case here at this moment as there are more volumes and many people than it was in 2013.

The rise in 2013 was a sudden rise, while this time it's more natural. A slow and steady rise since nov. 2015. This way it's more like the rise will hold instead of a major crash back to 230 dollar. When you look at the international currencies, it makes 'sense' bitcoin is an alternative for currency traders,

We aren't in hype mode YET.

But there are inklings of something coming...

When you think of all new ways to acquire BTC and the amount of new awareness of it.

That was after it broke the previous ATH - we are still in the run up phase.

Obviously it's not.

The thing to keep in mind though is that bitcoin is fundamentally broken at protocol level. It doesn't scale and has no regard for users privacy or anonymity.

Current prices are the result of hype and internal exchange whale manipulation. Just look at the market depth, there is no support till around $500.

Well the graph is obvious. 2016 is indeed another bubble but not the same as what happened to 2013.  2017 may probably another set of chart, not 2014 or 2013, just a normal trading with some manipulations, a pump then correction while going uptrend.  It won't spike like 2013 because if it will happen  this ↓↓↓↓↓↓

True - but the attention bitcoin is attracting might make some people have a look at alts. That happened in 2013 too - new blood came into cryptocurrency and they started to look for undervalued alts just in case they were the next big thing, and all the alts soared on the back of it. Of course when mtgox collapsed and bitcoin collapsed as a result, the alts fell too and people panicked across the board.

I also say no it will not be the same as 2013.. we already seen that the price before is pumping too fast i think almost 1 and half months we will see the fast movement of the price. unlike right now we are still few users of bitcoin and gradually increase population.. that i hope the price could be more increase soon.. and more blast adoption and development will added after february..

I don't think that the bitcoin price right now is a bubble. After the halving the price should technically have doubled, which it has achieved just now. The analysts have predicted this from the start of the year so it's not an unexpected pump. Also the price went up gradually instead of all in a day or two. It went from $400 to $1000 in a year, a 250% ROI, instead of going from $100 to $1300 in a week or two.

So no, not 2013 at all.

It is 2013 all over again is what you are implying? :D
Well it is best if it is so you know what is coming and are ready for it this time around.
Buy now then wait for it to peak then sell off before the bottom falls out. :D

Maybe, price rised frequently rising faster and we can see more big prices for bitcoins at this year and hopes to reach another record breaking price reached. Im pretty sure many people are keep on eye on bitcoins for now and waits for more great upwards, hope it will not the same as 2013 that sudden rise and also we experience the sudden fall down also.

i hope not.

i don't think 2013 did bitcoin any favors in the short term. it was incredible but pretty destructive for a lengthy while afterwards. another 2014/15 hangover would be miserable for everyone.

i've liked the nature of this rise. it's been far steadier and people haven't been prone to getting spooked. if there are more fireworks to come then i hope they linger for a little longer.

I think it will not be the same as 2013 because we already many companies are using bitcoin and many bitcoin users right now unlike before.
Also the price of bitcoin before is very cheap and the price is increasing fast and hit $1000 in a month now i think it will not be the same.because huge crash also happen in that time..

For me there are two probable scenarios that unfortunately are not showing up in the poll:

1) A short, but strong hype (lasting only until, at most, February) with a new ATH (perhaps at about ~$1700-2000 USD) followed by a crash under $1000. That would be the combination of money flowing in by greedy newcomers (like 2013), but the crash would come earlier because the blocks will be full and Bitcoin's scalability problems will dominate the media coverage. Big drama and a 2013-14 combination :)

2) A sideways market from 1000 to 1150 or 1200 USD without a clear new ATH. This would be the healthier variant, because for a sustainable new ATH we should first wait for SegWit until changing into hype mode. But perhaps we already have crossed the red line to variant 1.

there will be a fork to 2mb to solve momentarily the scale problem, and anyway it's more anonymous than using fiat, and you always have zcash/monero if not satisfied

bitcoin was never meant to be 100% anon, for your information the curent value it's already well enar the last ath, we are in the same boat, another jump and 1200 will be broken

to see if this price is more stable and not manipulated as the last one you can look at two things, how many users there are now compared to the 2013 ath and how much time the price needed to reach this value, which is not the same as 2013

Maybe you are comparing what happened way back 2013 that after the rise of bitcoin it fall suddenly.

But its' totally different to this year, the come back of bitcoin from last year is very far before its price is still low.

It will never be the same comparing 2017 and 2013.

If it breaks the ATH after so long bear - then it will jump much higher than just 2000. 2013 is actually a good model here - breaking ATH was end of February then - look at the charts.

As for anonymity - have a look at http://www.google.com/search?q=TumbleBit

But interestingly there are lot of differences between this time and late 2013 rally. Bitcoin prices are trading very stable unlike last time. There is no rush of  finding new ATH but at the same time it is trading so solid above $1000 price levels which must be a good symptom for outperforming 2013 milestones.

Yes, we can expect $2000 in very quick time like within first quarter of 2017 before facing some pull back.

things doesn't seem at all similar to things back in 2013.
the adoption rate alone is making things very distinctive in this area.

Nothing is as anonymous as cash in small bills. However if there are moves to ban cash, then watch as bitcoin jumps - what is happening in India is a small taster.

Other events to watch for this year:

1. Deutsche Bank is still in a very unstable condition, the German govt is actually lobbying Basel III to REDUCE capital requirements because they know Deutsche will fail the current proposals. If Deutsche blows up, we're looking at a Lehman style bust - though unlike in 2008, all the other banks are aware of the danger and are hurriedly reducing their exposure to DB.

2. The elections in the Netherlands, France and Germany this year. France in particular is key - if they vote for Le Pen, the euro and EU are over. Watch for a scramble into safe havens, the dollar, the pound, the swiss franc and of course bitcoin.

3. Italy and Greece making a unilateral exit from the euro. They won't announce this in advance, it will just happen one weekend. They'll announce it on a Friday night and close the banks in the following week, and euros will be swapped into lira or drachma and it will be done. The new currencies will likely be WEAKER than the euro, so the only way for people to protect themselves is to move money into bitcoin before the change. Afterwards is too late because their new money won't buy as much bitcoin.

It really has really big difference since the 2013 price bumps in just a month while in 2016  it really took more almost a year.
Nevertheless, I am seeking for a greater and positive ahead of 2017, we don't need to argue with this what's important is we have to help each other so bitcoin will continue to rise.

The 2017 will not be the same as the 2013. The price will rise gradually to $2000 or a bit high, not very high.

People were saying exactly the same at the time the price went through $1200 back in 2013. And we all know how things have ended back then.

Buying at current prices isn't really a problem if we reached $1000 in a slow but far more sustainable manner, but right now it's far too tricky if you ask me.

It doesn't take much for the market to turn into a massive panic sellers hurricane as they take FUD for granted so easily. And then I haven't even mentioned another possible hack.

Yeah. We are at $1000 a piece right now and still increasing. But we are a bit far from all time high. 2017 is better year for bitcoin now. I think we could break the all time high since many giant companies now are adopting bitcoin. I think it will happen this first quarter of the year.

we have reached the same price as it was in 2013 but the time is a completely different time.
at least a dozen new and big services are accepting bitcoin now such as Microsoft, Valve, Dell,... these are accepting bitcoin are real currency and as payment.
and also the trade volume is huge compared to 2013.

Bitcoiners have grown up a bit since then though, haven't they? DDOS attacks on the exchanges are no longer enough to make the price tank. There are a lot more exchanges and people are a lot more careful. There is still a risk that an exchange hack, where people lose their coins, will tank the price. But hopefully people are careful now not to store money in the exchanges anymore.

The bitcoin investors are more mature. They will not pump the price too high.

kwukduck is one of the oldest profesional FUDsters on this website. He has been preaching about the end of Bitcoin for years, probably he sold really low and has been grieving about the fact that bitcoin has been on a very solid and healthy uptrend ever since the first 2013 bubble popped.

No matter what happens, kwukduck will always find a way to be negative about it. Try to make any positive bitcoin price prediction, give any argument you want, and he will always tell you how we are all about to crash. We were about to crash we we recovered from the 150 bottom up to 500 ish, and every 100 dollar increase we were nearer that supposed crash, and now here we are, enjoying the 1000+ landscape.

It could break $2000 in the first quarter, I'm not negating it, although I think there will be much resistance because of profit taking in the area between $1500 and $2000. But it is more difficult for the price to double than it was in the first 2013 bubble. In 2013 Bitcoin was basically unknown and barely usable. Today we need a strong capital injection for this.

And I think a strong rally before the final enabling of SegWit will lead rapidly to a crash because of the full blocks. I already am hearing the newbies crying for getting their transactions not confirmed.

planned maintenance on bitfinex is enough to tank the price, let alone their glitches, hacks and screw ups. that will always, always be a factor.

about newbies crying is that due to mainly low transaction fees apart from that who ever is paying the proper fees according to the price of bitcoin they are getting their transaction fast, and i am thinking that for some days if the price stays in 1k range then next move will give more upward as just like it happened when it was roaming in $600 to $700 range and it broke and now the price is 1k +.

There's no one on this forum who can predict (correctly) the future.  But everyone's going to try. 

This is looking to be better than 2013, or at least not as bubbly.  Bubble-like.  Gains are huge, but not exponential and unsustainable like in 2013.  That's what I think anyway.  I'm not too great at predicting the future either.

People have moved away from bitfinex since their hack though, haven't they? With luck some of the better exchanges will end up handling most of the volume and the weak exchanges will fade away.

If you remove correctly on that I bet everyone can :)  People who have proper and right statistics and information can predict the trend of Bitcoin price more accurately.

As for 2017 being the new 2013, if you are talking about ATH being reach then more certainly it is.  But if we are talking about Bitcoin as a whole, I think no.  Bitcoin today have more solid foundation of the price than way back 2013.  New sets of fresh people to support the market sell offs, More legit merchants and price does not rise in one month.  It was a whole year process to reach $1k bitcoin.

2013 was Willybot. No Willybot this time. This is quite different.

I am sure that 2017 is going to be the best year in all bitcoin's history. Maybe only in the case if the price it can be compared with 2013 year and only that. You can't compare the level of protection of this years and how much bitcoin get spreaded over the world.

2017 rise is different from 2013
2013 was an abrupt peak followed by 2014-2015 lows
what we see now is a steady,gradual rise which is way better longterm
it is harder to scare the holders and people are no longer panic selling after an exchange DDOS or blockchain glitches
bitcoin adoption is growing,its no longer a risky volatile novelty
we don't know what the price will be this year,but I hope it will keep growing

And the problem is we have not got over any of those crisis and others have come on top of it, the Greek problem is still there and probably we will have some crisis in Spain in Italy in the next decade, the great britain leave the euro zone and more.

This year may be a bit similar to bitcoin in 2013. however, I am confident that this year will be a revival of bitcoin. bitcoin might have been equipped with a new system, so as to make the system better defense, so, bitcoin prices will not go down in significant amounts. I believe, this year, the price of bitcoin can reach more than $ 1,100.

I can see most commenters here compare the behaviour near 2013 tops to what is happening now. But ware are not yet past the previous ATH - if the comparison is to have any meaning it should be about comparing now to February 2013. Personally I believe 2013 will come out as a good model for 2017. That would put the target for the top around $30K (30 times previous peak - just like 1000 is 30 times 30).

We be careful, it's almost the exact same scenario as last time...What will be the 2017 MtGox?

With all the new events to consider since the last run up till now. I think it's safe to say that this is a real legitimate move upward. Of course it will have its pull back and mini crash; however, the overall picture looks very bright.

It can be like 2013. We can't be 100% sure. But if it is, it will benefit many people. I hope will happen something like that :p Although it can be much different than that and we will see something we haven't see yet.

still usd number one some of the time. bitcoiners have a little stockholm syndrome problem. i dunno what it would take to get them to stop abusing themselves.

a $30k peak would do it for me. certainly. i hope your reasoning is sound... 8)

2017 is going to bring an unbelievable price levels for bitcoins like $5000, yes it is going to happen within this January month as Chinese government itself supports the bump of bitcoins. Similar to the known fact of China has largest reserve of US dollars, now they are aiming to have huge amount of bitcoin hoarding.

Even it is not an healthily environment of support from a government, bumping bitcoins will bring mass adoptions in other countries too. So we need to accept it.

2017 will be a remarkable year for bitcoin hodlers for sure.

While everyone wanted the price to reach that high, it is not healthy to dream too much. If it is going to rise to $5000 in just a month time, it will just burst like what happened in 2014.

I'm just observing its price rise... And wondering when will it fall?  ???

"this is to da moon gentlemen"  :o

It looks like it is indeed, the fact is that the bitcoin is doing great things right now and the price is rising too the moon and back.

Do not think so. Otherwise, the price has to rise 50 times.

here we go a small 10% correction :)
wait it is 910$ now from 1140$ yesterday
so much for a stable,gradual rise,sigh
hope it is not gonna do 2013 on us,I really do...

The price is already 1140 dollars.

it's far better, the increase is steady strong and slowly, how it should be, in 2013 it was furious and unstable, which is how it should never be, and was heavily manipulated

this increase look more genuine and will last longer, or will set the new bottom if not already, but i doubt we can reach high value likt $5k+ by increasing so slowly, at some point we need another pump at least 2x

It can go anywher depends on ETF news.... $2000 possible & $750 also

For the last two months bitcoin price has been dancing somewhere in the 1000 range.
I do not see that this is an overheated market like in 2013.
That bubble exploded within days there was no boouncing up and down over months.
At the moment, even if bitcoin falls again a little bit, you always find very soon people who consider the new lowered price as cheap.
That means the demand is really there, not a speculation. I say the developement is solid.

Agreed. 2013 was just an explosion that resulted in, well, 2014 *shudder*. The rise from 2016 and now continuing into 2017 is very stabled compared to the very fast, unstable rise back in 2013. I think at this point we'll never see below $900 again.

Yeah you are right in 2013 people blindly invested in bitcoins and after that there was such a big crash. I think reaching 5k is a lot but if you see the steady growth of it I think by end of this year bitcoin will easily be $2500+ or it will hit the $2000  mark for sure. The only thing I'm scared about after it reaches that amount if there is a panic selling it will take lot's of time for it to be stable again.

2016 is over, and the mass use of Bitcoin or Blockchain we didn't see. As the frenzy in the mass media slowed down some people may think that nothing happens in the field of cryptocurrency. In this year, the adoption of Bitcoin will be extended, and should appear some new Blockchain based technologies. If you look at the statistics, you will realize that Blockchains demonstrate a promising growth trend in the near future will seriously change the area of property rights, security and the rule of people around the world.

The bitcoin price will rise gradually. there will not be big spikes like that happened in the 2013.

i don't know who bumped these couple of rather old topics from last month but it is an important lesson to anybody who is reading this board.

Most of what people say here is bullshit wrong. and mostly they spread FUD.
i feel good that my views all these years have never been changed!

Since bitcoins are distributed well to "different persons" globally, we can say that to provoke a manipulation, it really needs a hard effort since big whales must inject a large amount to pump the price or sold a lot to dump the price. And still not an assurance that people will follow the trend.

In here we can really see the difference of the hype happened in 2013 to the current hype that is currently running today at 2017.

People response is one of the reasons why we are sitting on the price today.


You joined the party too.

It is possible that the price will rise a lot this year.

I dont know what exactly happens in 2013

but this time, its a stable btc move from past 1 year and it goes on increasing without any throttle..
I wont get shocked, if it reaches $2000 this year

The current rise in price really does look like 2013 and 2014 pump dump, but I think this time there won't be 2014 since even if it dumps I think it will stabilize to an amount greater than 400$ but I might be wrong. When my speculation happens most likely the thing we see now is not like 2013 and history won't repeat itself for now I think.

I think is more on like 2014 but we dont assure if something big happens .It may change in a month .bitcoins is to volatile to be predicted .

Volatility is a major concern and in reality anything could happen in a short time frame without any prior indication of the price variation. Possibly as users quoted the price this year is quite good to move forward in a stable manner. Also the price fluctuations are not same as that happened in the past 2013.

Well, I think this is a new 2013, but this is a real price and not manipulated. The price has stabilized for a very long time, I'm sure it will be a new thing for bitcoin, because bitcoin prices can reach $ 2000 or even higher than that price.

I agree with you. Bitcoin has become much more stable over the years. And now there is no reason to repeat the scenario of 2013. Now many investors have invested their money in bitcoin. It's not such a bubble as in 2013

actually i don't remember what is happen in 2013 because in that year, i am a new person that is trying to join with bitcoin world and i don't have much time to learn many things in bitcoin. and i only doing trading in my free time or reading any news that i can found. so i think if this year is the same like in 2013, i think we already know what will happen in the end or at least we can have our prediction what is going on later so we can make preparation for the bad things or bad situation.

the year 2017 is the year of updates to users because the price of bitcoin bitcoin is now extremely increased prices the value of bitcoin can daily points a fifth increased rapidly so that more and more users now, let alone the bitcoin now price bitcoin hit $2000 may soon be at the end of this year, compared with the price in 2013 bitcoin is very cheap price because once that time bitcoin shrank so little user bitcoin mungkn be counted only a few users only the losers, many feel at that time

IMO it's not. The foundations are entirely different. The bubble back in 2013 had very little infrastructure, now, it's like BTCBTCBTC's golden age.

I totally agree with you in other words we can say in 2013 bitcoin was like altcoins which had less market cap and could be easily manipulated but now in 2017 bitcoin is bitcoin strong stabilised, can't be manipulated by a single person.

Well if SegWit gets activated for  BTC and that alt bubble pops you never know what's going to happen with the price.
Could be a massive slingshot!

Agreed. I expect a 150% rise at least when SegWit gets signaled. Plus a 50% increase when BU dies permanently. BTC is a launchpad ATM.

200% in total? I find that far too optimistic. In order to break through the $2000 level, it will require many failed attempts first. It won't come easy at all. Also, BU is nothing more than a potential threat, and that's really it -- something that doesn't exist, can't stop existing. After BU the same people will come up with something else to disrupt Bitcoin's growth for their own personal gains.

I wouldn't say x2 is too optimistic! If we solve this scaling issue sky is the limit! This debate is what's stalling us for about two years now.So it's definitely the only big problem at the moment. If SegWit gets activated the way is free for all this other features to get implemented including Lightning.
$2000 would be reached in no time!

This is absolutely not 2013 since there seems to be no presence of rigged pricing in the markets and it seems that everything happened naturally or some big players are really into bitcoin. No bots  are rigging the price, just the people wanting their own share of the bigger pie. Surprisingly, most people are still not even invested and still are scared of putting money in bitcoins in fear of the price climbing down.

We're not in full FOMO yet. Wait a few months, this will be fun.

Things had drastically change in Bitcoin from 2013.

In 2013 when bitcoin price was growing for 10 days straight price doubled. Now when price goes up 10 days straight price increase for only 15%.  Things got slowed down. So 2013 wil repeat but not in one year but in few. Maybe 2017-2020 will be 2013 repeated.

According to me it will be better than 2013 and the price of bitcoins will be more than 2013.Bitcoins will be more promising and it is being most widely used as stock market exchange.Well if all things goes right then we can say that the price of bitcoins would be more than 2500$ by the end of 2017.

I think that many people want to compare 2017 and 2013. After all, Bitcoin was very good and stable in that year. But the only difference is that the amounts have increased much more in 4 years.

In terms of organic growth, Bitcoin has already outperformed 2013. Most of what we saw that year was a result of hype, speculation and FOMO, the perfect ingredients for a bubble.

Correct it is not the same as before, so when finally we see a decrease in price I don’t think it is going to be that bad compared to what happened in2013 and the after effects that kept the price of bitcoin depressed for a very long time.

The last two bubble peaks were separated by about 8 months, and you had around 2 weeks to get out within 20% of the $1200 high - though it was a bit sickening how volatile it was. It has been about 2.5 years now since the last bubble, and its not clear if we have even yet to enter a new spike that will bring us into a new grand bubble. Old bubbles entered long bear markets that returned to old ATHs. We've barely moved beyond the old ATH, relatively speaking compared to the previous ones.

It is not that easy to release a statement regarding the volatility. As we all know that the bitcoin is one of the most risky stuff to deal with. The price fluctuations can happen any time and it constantly fluctuates but one can’t say that when are the prices going to be drop too low or rise too high. Also there are many more factors that includes in that price fluctuation. But things are much different and developed now so, we can’t say this.

As what bitcoin performed it is a yes that bitcoin is like 2013 in another way of hype type its not the same before that it will be dumped into become 700$ below as we can saw bitcoin is more above than the past years.

I think 2017 better than 2013, this is because the increase in the price of bitcoin pure influenced high demand while speculators is only done by 2013. I sure 2017 the price will reach more than $2500.

To deny that there is a degree of speculation going on at the moment is very naive, speculators are taking advantage of this growth in the price of bitcoin and are amplifying it so they get even more profits, I cannot blame them but that is what is happening.

There are some speculation going on now. But the size of the bubble is much smaller than 4 years ago.

This is just day trading with a volatile asset such as Bitcoin. If the price is going to go up/down on a daily basis, why not take advantage of that and make a little bit of money?

In every market there is always an speculator, we cannot remove that.  And I do agree that 2017 is different than 2013, 2013 as stated are pure manipulation and hype by some exchanges while 2017 price is drived by people demand due to the acceptance of some country that even their major player are up to venture Bitcoin investment, thus this creates trust of people and speculation driving the market price even higher.

Yeah right, I'm more than happy to immediately sell all bitcoin, this is the best price we can get, we never know the price it could survive, up or even down, don't be greedy, when getting profit better soon take (sell).

Fear not buddy!! The bitcoin price isn't gonna take a dip recently as many and many Japanese people are joining and driving the bitcoin price higher and higher to the moon. I do think $2k will be reached in the coming month or two.

I disagree with you. Most likely after May 15 there will be a drop in prices. But I have a hope that this fall will be insignificant. And then the price will recover very quickly. Just be a good time to buy coins

Are you talking about the decision on second review of SEC regarding the bitcoin ETF? It could probably affect the price really, but what you have said, insignificantly. Bitcoin has been very stable and I believed this year is has been more stable than ever before. Japan is pushing the price to new levels that's why even a rejection will be minor effect of the price. And I also think the investors are going back to bitcoin after they have already pump and dump the alt-coin market taking profits and investing it on bitcoin ecosystem.

This is very much attainable and because of japan, very much sustainable as well. This is not like 2013 when the price hike was baseless and purely manipulated. There is a valid reason the price is rising now, and japan accepting bitcoin is the difference between 2013 and 2017.

I don’t think the ETF decision will have too much of an effect when it comes to the price since I think although we will all like for it to be approved we know that is not going to happen and I don’t think anyone has their hopes on an approval.

this surely feels a little bit like 2013 right now.

price has hit $1824 on bitstamp some minutes ago. more than doubled since march 25th.

WOW.

A fantastic increase in bitcoin prices. But we must keep this movement. When bitcoin prices decrease I think this can be a very undesirable thing. When there is a price drop there will be serious turmoil, this is the same as happened in 2013.

How many people were working with bitcoin in 2013?
Just a fraction of the number that we have today.
I think that the price we have today is reasonable because of the growth of the community, and the increased demand that came along with it.
2017 is 2017, not 2013.

I don't think so. This is not the same as 2013. This year 2017 is way better than 2013. And it is completely different unlike in 2013 that is just a pump. Now its because of the demand, the growing community.

That's exactly what the guy above you said. I wish people would actually say meaningful things instead of repeating each other. It could also be inorganic but the chances of that are unlikely. Inorganic growth examples include pretty much all altcoins, as there's just two major groups with coins in them: HODLers and investors pumping money into them to keep them afloat.

agree too on this. 2017 is way different than 2013. however, there is one difference that may make this year to be more troublesome than 2013: 1st August UASF. Will it be Bitcoin's 1st HardFork? What will the consequences be that comes after it?

Right now, a Global FOMOmenon is happening. But will that FOMO become the opposite on 1st August for Bitcoin?
So far up till today ever since 1st January 2017, it has been way better than 2013. 1st August remains to be seen.

I understand, but how we can accept present price bump is the organic one because value is growing continuously in the chart. We all about the bitcoin price fluctuation but it does not seems like that now. This is also the one of the reason to observe bitcoin is a kind of pumping we saw in 2013.

We don't always repeat history, sometimes we make history. 2017 is making history... I don't think 2017 is another 2013 because of supplies and demand.

During the year 2013 a sudden price increase was something a big news and everything happened in a very small time period with a bigger volatility that users never experienced in the past. This generated a hype and things went out of control, now scenario is different because the growth happening with proper flow over the entire network because of large investment coming into bitcoin. So the year 2017 doesn't look to be as 2013.

I agree with you. Currently bitcoin is developing much better than before. With the increase in the number of users then bitcoin can survive better than various negative issues that exist. In 2013 there were a variety of extreme bitcoin price movements, including significant price reductions. In this year we do not want to experience this happening.

Some major differences between market situation 2013 and 2017:

1. Bitcoin awareness and adoption grew since 2013, pride is not an effect of speculation and bots.
2. Bitcoin is important for the world and investors start to recognize bitcoin's strength.
3. Bitcoin became alternative economy asset recognized by the whole world.

4. Bitcoin now has a backup of a nation now. Japan.
5. Bitcoin price is still speculation, but with a country behind it price looks strong.
6. Bitcoin is not a bubble, as investors see it a haven for safe investment.
7. Bitcoin FUD is now prevalent as compare to 2017.

I think that there is no longer a threat of falling. Everyone expected a collapse after the price had risen to 2700 dollars.
When the collapse began, some were confident that the price would drop to $ 500. But this did not happen for the reason that bitcoin became more stable. Very large capitals are invested in it. Now the collapse is impossible

if we are in a new 2013 mode, this is the first run-up to $ 260. we went over 100, but not over 150 yet. march/april 2013...  8)

It does depend of what is specifical from 2013. For me it is that it went to the sky before crashing after Mt Gox closed. For me, considering Bitcoin is way more established, this is something that will not happen.

I don't think 2017 will bring back 2013.this time bitcoin price increase and it has real cause. price is now stable and I am expecting bitcoin price will increased more.many people now involved with bitcoin and they believe in bitcoin.2013 was humor people think bitcoin will die anytime.you see bitcoin was back  next 2 years and now price is double.;D

2013 was called as the year of bitcoin.It was the year when single bitcoin hit all time high price of $1242 in Mt.Gox and followed a sudden fall in price to $961.In the year 2014,Mt.gox got collapsed.
But now the situation is entirely different.Mass adoption of bitcoin is taking place.In 2013,price increase was completely due to manipulation.But now,since bitcoin has got investors world wide,it is not manipulated and bitcoin expresses its real value.Just like 2013 and 2014 recalled in history for important turning points in bitcoin,year 2017 would also be called as golden era of bitcoin.

Agreed. The thing is that the pumps are prolonged and much more sustained which means generally a lot healthier growth than the obvious pump and dump in 2013. If you haven't noticed the price tripled through 5 months, compared to 2013's huge ass bubble in which bitcoin price shot up to $1300 each in a week and then corrected to $500 a or two after.

Is this going to be the only year that bitcoin has this sort of returns? I don't think so.

I think that the trend is that every year after the halving is a good year for bitcoin while the years in between two halvings are the best time to buy in as things can get a bit boring.

Looking at the year so far it is smoking the 2013 market and it is also showing a similar price pattern only over a longer duration of time, at this time my sentiment remains very bullish with demand far exceeding supply people ignoring the fork and going on pure hold play and altcoins seeing a renewed interest that has now exceeded expectations and what we have seen before. I remain bullish in June.

Honestly I didn't expect the prices to reach such an ATH so soon, just when the block size debate seems to be taking forever. I just hope the market can sustain itself.

The block size debate will not take long. It will give us clear indication before 1 August.

2017 is entirely different from 2014.At that time,user base was very less for bitcoin.But now,bitcoin has adopters all over the world.And also no Mt.gox has happened.Even though persons like Roger ver try to destroy bitcoin for their benefits,still bitcoin has huge community support and bitcoin rally would continue.

There is still possibility that we will see some other exchange collapsing. Poloniex is rumored to has some problems, they even removed troll box recently.
It is never a good sign when communication channels are boing closed. I would say that overal bitcoin is on a good path, scaling consensus seems to be working good.
And we can't forget that adoption and legalisation is much more evident that in 2013 - Bitcoin is not pure speculative bubble anymore.

And where do you think this rally will end? People say 10.000 USD per Bitcoin...that sounds like crazy high compared to what it is now, dont you think? I am curious to see whaat will happen.

What is the story behind price rise then and now? Look at the news that followed price rise, and this year is definitely something new for bitcoin, from acceptance in couple big countries, segwit for one month, newcomers, take a look on other alts that are pushing they way trough, many things inflicted on price rise and I feel that price can even go higher before the end of this year, that explain my standing in this question, for me probabilities for some big drops in future are less then 10%.

Nope,
2017 ≠ 2013

BTC Bitcoin price has its own wild road ;D
 -market demand and supply
-Bitcoins and Bitcoin holders
...

What..... Segwit for one month? ??? I thought that it would be activated forever once it gets activated on !st of August.

I do not think that 2017 is the new 2013 for the reason that the situation is very different.  There is already several countries that acknowledge bitcoin as money and some even accept that bitcoin is money and can be use to purchase stuff.  Aside from the the user base today is different than that 2013. And people are more knowledgeable today than way back 2013.  Aside from that, there are already major company that is involved in bitcoin that brings more demand to it.

Well I think the subject say that because rising price, despite growth in 2013 was much greater if we consider that at one point it  reached almost 10x the price fell again in the subsequent 3 years considerably, until reaching the maximum price again, the same reached in 2013, Now in this occasion ie 2017 or the first half of this year rather, having said that, The growth rate has not been so great yet, Thus without taking other factors and so far this year, 2017 is not the new 2013, 2013 was a thing totally different.

Compared to 2013 the growth is very big with bitcoin, starting from individual adoption to large scale adoption has lead to big investment flow into the network. So a better growth has been continuing, some relate the 2017 price pumping to the 2013's which is unfair. Because the scenario is different here, if that's the case now we could have been trailing on the edges of $1000.

True, never the less this year is far from over. Price is bigger then it was in 2013 but not in that range like you mentioned. Still we have to see how will segwit be at August 1st, will this be just another false alarm or it will boost price up and create bubble. So far what i have read opinions are divided and we might experience later this improvement in bitcoin price maybe even in next year.

2017 is not really 2013, we all know that. Bitcoin is not the same as 2013 where bitcoin has the biggest bubble pop in the history of bitcoin. Though I am not sure if it is really a bubble, but we all know how bitcoin dump that time about Mt. Gox. The users of bitcoin is now rocketing and many still are planning to invest on these digital currency and many countries are also planning to legalize this currency.

That's partially right.

I do think that right now we are in a bubble situation. I believe that priec is probably going to adjust down to a more suitable level of $1900-2000 in the next few weeks due to the aspect of a potentally devastating hard fork coming up, and people will panic dump.

As you said though, there is no Mt Gox hack, there is no price doubling in two days, what I can see from the past few weeks is a very gradual build up of price, with corrections along the way to stop it from going up too fast too soon.

I really hope that it wouldn't be the same like what happens back there,
I really hope that the price drop wouldn't be too much and hope to see the price to rise up again.

Bitcoin prices are currently very influential by the various policies and circumstances that take place today. We do not accurately predict price movements, declines and increases are normal. Because someday the bitcoin price will always change. 

Yes I agree that the 2017 is not either way a 2013. The bitcoin at that time and now were in a different situation. Today’s bitcoin is the one with a lot of supporters and users with a backing of several countries acceptance as a currency.

The bitcoin at that time back into 2013 was not supported by such a large number of users. There are many strong and loyal supporters of the bitcoin who believe in the bitcoin and its future.

I've been wondering for a while about 2013, seriously were people truly retarded back then to pay $1000+ for something which they could mine for $50 by spending $5000 for 10 days first?
I really don't know man what say you, could you now mine Bitcoin by investing $5000 in less than 3 moths now? Bitcoin isn't an ICO to say the only way to get some is from buying it in exchanges, every body first tries to mine for themselves and when they see buying is more profitable they will do so.
As long as buying is more profitable than mining it doesn't matter what the price is.

Such growth of prices on the bitcoin in 2013 will be gone. This will undermine confidence in bitcoin as investment and perhaps then will be the question that you need to develop trade with bitcoins, and you need to bet for small transactions close to zero.

I think this is a sort of a strategy that Poloniex is trying to adopt to create a doubt about the price of bitcoin and the future of bitcoin so that the people holding bitcoin sell it in the market and they can easily purchase it back on a low price.

There is no other reason for the Poloniex behaving like this only to create a panic in bitcoin users, but they may not succeed this time.

That is a good point,but most of the people who are not good at implementing a mining farm would basically start purchasing rather than investing for a mining rig and that was the case and then there was inflation and when the bubble popped everything came down crashing,ironically that wont be the case this time and unless there is something else which could drag the market down,you wont see a crash like 2013.

Coming straight to the point which really I am glad about that most of bitcoin holders are ready to face any sort of situation that can be for the time being only. Most of the comments I read are about holding bitcoin for future and this is something really encouraging.

I am happy that I am part of bitcoin community and no doubt I will be holding my coins for the future as well.

Setting aside the comparison of crypto price, 2017 does seem to look a lot like 2014 in terms of ICO hype, although I can only conclude this retroactively as I wasn't around before September 2016. I do recall a lot of "2017" will be the death of ICO predictions. I suppose we are all guilty of underestimating greed.

That is right. I think the ICO bubble could pop eventually and damage the digital coin as a whole.

nope bitcoin todate is better than 2013 imagine the price of bitcoin today and 2013 it's so not the same. bitcoin now has a lot of users and more support than in 2013 and also bitcoin has improved alot since bitcoin became popular back then. bitcoin now is more better than 2013 regarding the advantages and benefits of bitcoin todate than before.

It's been proven that in 2017 bitcoin prices are higher than in 2013, and currently there are still 5 more months to make bitcoin continue to increase even I'm sure could reach $ 4500.

Estimates and hypotheses so far propose that it will be a gainful year like 2013. It might be superior to that, as a result of the quick increment in cost of bitcoin of late. The buildup is winding up genuine as the finish of the year is approaching. Some have likewise recommended an astonishing ascent in costs of bitcoin after segwit and august 1. So financial specialists appear to exploit by it since they are putting a great deal of cash in bitcoin recently. The general population who believe that bitcoin is in an air pocket which will blast soon just don't have enough information to discuss this theme.

We are almost there. So now we should expect a correction?

check out this thread:

https://bitcointalk.org/index.php?topic=470453.0 (https://bitcointalk.org/index.php?topic=470453.0)

Unlike the previous bubbles it took us all year to get to $10,000. It was a slow and steady rise.

I think it would be inappropriate to compare 2013 and 2017. The fact is that Bitcoin is at different stages of development and popularity, as well as the price category for today and relatively that time.

Estimates and hypotheses so far propose that it will be a gainful year like 2013. It might be superior to that, as a result of the quick increment in cost of bitcoin of late. The buildup is winding up genuine as the finish of the year is approaching. Some have likewise recommended an astonishing ascent in costs of bitcoin after segwit and august 1. So financial specialists appear to exploit by it since they are putting a great deal of cash in bitcoin recently. The general population who believe that bitcoin is in an air pocket which will blast soon just don't have enough information to discuss this theme.

Because of the fast increment of bitcoin value it was proven that this year 2017 is a gainful year to bitcoin users but still we cannot say that we are experiencing a bubble this year. So at least for now, we can observe that the outgoing growth is steady but still a price correction might happen in just a short term of time.

What said is perfect, in 2013 it was just a bubble created by Mt.Gox and it got burst but now it is going by systematic way and their is full support for Bitcoin from this world. So i think we wont face the Bitcoin fate just like 2013 but instead this time it will be more supportive by the bitcoin users when ever their is any selling pressure.