Bitcoin Forum

Been holding out for it to get back up to $1000 USD again. Anyone think it will get back up there any time soon? Any guesses?

After Christmas, especially in January, I expect it to begin rising again.  Or, we might hang out here for a few months.  Hard to tell.

If Barry Siebert is right and other funds are going to start adding bitcoins to their mix, then yeah, we'll take off like a rocket in January.

Nothing is going to happen before the new year. were gonna stay stagnant for the remainder of the month and then come January 3rd we'll be back in our upward swing.

Expect $1500 btc's by mid January.

We'll definitely see $1000 again but not this month I think, in January or February probably.

If I would tell you that I'd have to kill you  ;D

I wouldn't expect to see $1000 bitcoins for some years if it will even happen.
Expect much lower prices.

lol

I guess I shouldn't even have asked! Answers all over the board. It is anyone's guess really.

Of course you shouldn't ask. Nobody here really doesn't have idea... I laughed at him as he is known permabear and if people were listening to him they would sell their btc 2 years ago.

But yeah, it will be 1000$, soon  ;D

Tomorrow?  ;)

20% correction and the day just started. Holiday time so new money is tight, so a major recovery tmrw doubtful but we might level out.

I was mostly joking.  With Bitcoin you never know though!  ;D

If you want sell, January is better because you will pay taxes one year later. I dont see how could price start rising at January

If you bought @ over 1000$ per coin with money you need, then you are fucked.
Price won't reach ATH this year.

Next time: Don't invest money you need to pay daily stuff (rent, food, taxes,..).

Of course it will hit $1000 again, there's no reason for it not to

It's pretty cool there's a crash right now, I might end up buying some more BTC but not sure yet

You in a hurry? Bitcoin is the fastest "stock" in the world (in my opinion)

Everytime bitcoin spikes like a boss it comes down then stabilized for a few months and goes "TO DA MOON!" again.
Now China is bailing out due to it's censorship or government influence which is understandable. We need to buy all their cheap coins so that's no problem.

We know there is a bitcoin conference in India so who knows maybe this is a perfect launch for Indian bitcoiners.

It can go two ways fast so hold on to your BTC and hope for the best :)

Bitcoin is not a get rich quick! It's a "get rich slow" or "get poor quick", and you need to select one about now :)

change topic to: When will Bitcoin Hit $100 again  :P

More likely then hitting 1K again.

I have coins from mining, so I really didn't buy any. I guess I can hold on to them for a while and see what happens. I usually don't have time to even check on BTC prices daily, but when I was selling my minted coins for $1k each I got spoiled.

Not anytime before the New Year judging by the pace it's falling today. People will sell during Christmas.

I see $1000 is a safer bet rather than $100.  Reason? Rumors of Wall Street entering the market aswell as India getting their noses in.  2014 Can only be a great year for all Cryptos. So just hold and it will all be fine.

I'd wager any amount of money on $1000 being broken before $100. Anyone up for a bet? Can use some trusted community member for escrow. PM me. Or shut up already silly broke bears :)

on 2014-01-26 the latest. would bet on it.

I would also bet on your side

$1000 again? Undoubtedly next year, and for those dreaming to buy at $100, I would like to buy so cheap as well, but I doubt it is possible

I also agree that the next big surge won't happen until the new year, but no later than feb 1st.  And it will probably take us to $1.5k-2k.

It might. It might even rise significantly higher. Although I expect the long term target to be about $400.

If you mean long term target many years, it would mean today value should not be higher than $200, which would fit graph data. But Im more bullish of the future price given the recent positive news

I think it will go back up again.  However, query how much was due to China buying and now the Chinese can't buy as easily so there could be a problem with ramping back up.

What happened with the Chinese? It is hard for me to read everything, always busy at work 12-14 hours a day.

what the hell did you smoke?

i had 10 dollars yesterday today it was 8.50! somewhere 17:00 CentralTime wtf is going on?

We have a slow crash happening.

True, but it is not really a "get rich slow" scheme.  I would not call 6 months very slow.  ;)  Maybe more of a "Get rich with a small bit of patience" is a better way to put it.

I think I read somewhere that in the history of Bitcoin, no one has lost money that has bought and held longer then 6 months.  Sounds pretty good when you think about it that way.

Looking at the chart, you are correct.  That is actually very impressive when you think about it.

The best strategy, it seems, is to buy bitcoins and then unplug the internet for 6 months and wait :)

+1

And don't read trollboxes under any circumstances ;)

If someone bought at $32 in 2011, then they had to wait about 18 months to make a profit, fyi.

But barring buying in the month leading up to that, yeah, you're statement is pretty much true.

$1000 is the new $150

if we survive this in a decent shape, confidence will be very high, price will recover

This is a free market. Unless something changes, it will return at a certain moment. Just be patient.

Two years is nothing, and if sold today 2000% increase  ;)
Patience is rewarded in this case

6 months is much too short a time. 24 months is a better minimum hold time for a big fat greasy profit.

As some bears have been quick to point out, there have actually been 6-month periods (e.g. late 2011) when the price fell.

5 years is probably a better minimum hoarding time. By then the s-curve will have probably been through the vertical phase, no longer parabolic, and leveling off.

I have to agree, at this time Bitcoin will be accepted online everywhere, offline many places, Bitcoin ATMs in every bigger city

Bitcoin probably won't hit $1000 again because of sources.

OK keep bashing bears. You can count your fiat profits while I count my btc profits.

LOL  :)

Who's bashing bears?

Sell, sell, sell...

at least until I finish buying.

 :D

Care to elaborate? Does it have anything with United States trying to regulate Bitcoin ?

I think his "sources" are trollbox permabears.

Excuse me??????????????

I'd expect FUD from the trolls but not from you!

Whats going on here?

I'm pretty sure he was joking, just like with his Satoshi Secret Backdoor Code silliness.

Bitcoin is global, and China closing their exchanges is a pretty big deal. It's not some small company voicing their opinion, but an entire government making pro-active changes towards bitcoin. This will set us back big time. People laughed when someone said we may hit $100 before $1000 again, but from what I'm looking at, it could very well possibly hit $100. A terrible low.

make some money on your understanding then: http://bitbet.us/bet/672/btc-will-hit-1000-without-dropping-to-100/

need some serious people with bets on NO there.

I'm with the majority here.

If things hold to past patterns we will see a bear market for awhile that ends in some length of sideways trading then slow steady growth that bubbles up into mania with hugh price increases then back down to well above before the mania started.  Will be interesting to see if things play out this way again.

So I'd say we won't see $1000 for at least a few month or more, but who knows what 2014 will bring.

When china reintroduces deposits I firmly believe the price will reach $1000+ again within that month.

China is fucked but despite that I think we'll hit 1000 in jan/feb

The odds of this happening are very low in the short term, low in the long-term, and still under 50% in the long-term.

+1, Neither China or India are going to drive this.    Look towards those countries with less aggressive controls.

Did someone say Wall Street and Winklevoss?

There are only so many dumps left that the price will eventually have to go above $1000, as the coins will get scarcer and scarcer. Especially given how the Chinese are still vacuuming them up while they can. It'll become a miner's market again, basically.

I never used that bet site, but maybe I'll try it out. I think it actually will hit $100 before it hits $1000 again, if ever.

It's super easy, no reg, just click 'NO' and send something to the address from a wallet that can accept money back (in case you win, which you won't :D ). So shared wallet won't work, local electrum or multibit would be just fine. Right now, 100 mBTC on NO yields 296 mBTC.

Wow, that is a stupid thing to say.

Opinions are like assholes bud, everyone has one. Deal with it.

Well, we almost made $1000 again, or if it did it was short lived. All the way back to to the $700's now. What a pain in the ass. Lets see if the census was correct here. Most people said it would definitely go over $1000 after the new year. Here we are.

We still have about 357days left of "after new year"? :D

But I want it NOW!

So I can sell some of my damn coins. Gotta buy some gold.

we are very close to $2,000 mark

I think he said the Chinese lunar year :D
Chinese people like to spend their money around Chinese spring festival

Huh? I'm an impatient person I guess. There has to be something that's holding it back, not allowing it to creep over that $1k mark. All is ok, since I'm just accumulating coins but it has been a while since I've sold any. When it hovered around $1k for a while I constantly sold here and there.I thought this weekend would have been it!

Purely psychological. But we are being slowly pressed closer by buying pressure as the days go by. We will definitely break over by the end of the month

Have you noticed the buying pressure is decreasing

When it did drop to $600 a few weeks ago, I made a big purchase then also. I normally just mine my coins, but had to make a purchase. So I'm doing well and my stubbornness is just keeping me from selling since I got spoiled with that $1k a while back. The waiting game.

What about the selling pressure? Sometimes it's good looking at the charts upside down - gives you an idea of the fear in holding fiat!  ;D

There is a not well know feedback mechanism built in the Bitcoin, that depends on the Bitcoin price.  Higher the price, higher the selling pressure due to the miners costs.   

This mechanism is currently suspended because one does not simply buy mining hardware.  One has to wait.

Explained here:https://bitcointalk.org/index.php?topic=414657.0 (https://bitcointalk.org/index.php?topic=414657.0)

I think we will hit $1,000 again, but I think we are going to be hovering around the $775-$850 range for awhile.   Whenever it gets to the low $800s or below a ton of new buy orders get placed.   Also vice versa, as it approaches $835+ a ton of sell orders get placed...so I think we going to be tinkering back and forth in this range for a little bit.   I definitely think we are headed over $1,000 over the next few months though...

Again, no it won't, but my tax attorney said that I need to stop betting on this stuff, so I won't be betting any more with fiat or bitcoin.  If it does hit $1000 again (which I know it won't because of sources), then I'll send the next person to post...my guitar pick and one of my socks.

Oh really?

You  just said you can predict the future. Are you being serious? Can your "sources" predict the future?
I'm terrible at math, have no idea about stocks, trades or anything of that nature but do know one can't predict what will happen in the future.

As I'm typing this I have not yet hit the post button. I predict I will click on the post button and I won't die and something bad won't happen right before I click it. 100% Guarantee.

Let's find out!!

Hint: If you are reading this, I predicted the future.

BTC go up so high like it's going down so high   :P

Incorrect. this is only one statistical outcome and a far greater pool of data is needed to prove a positive correlation between your predictions and the future.

Sorry, you are fundamentally wrong. You are just saying what probably will happen, but in reality don't really know it for sure. Die of a heart attack before hitting post. Ya never know. Please, don't need a back and forth with this. We really should agree that no one can predict the future, unless you are nuts.

And what happened to the $1000 after the new year??? Did you guys mean the CHINESE NEW YEAR???

 ;D

I cant be right al the time.

Tell me almighty teacher will it go back up to $800? $900? I'm ready to buy at a low price and don't know!!!!!! Lowest it has been in a while.

I think we will hit $1000 again sometime in 2014, but we have had a lot more bad news lately than most people anticipated, especially the ones thinking $10k/btc in 2014. The masses still arent fully ready for bitcoin because of the risks and some of the difficulties if you are computer illiterate.

I am optomistic about btc future and value, i just thinj we need a longer time table than most had hoped. 

Are you still alive? Or did something bad happen?

It's almost impossible to make a profit if you buy when market sentiment is high and sell when market sentiment is low. Do the opposite of what you feeeeel like doing and you will most likely come out on top.  

China will remove their restriction to bitcoin once they have obtained high enough coins then pump it high enough so late comers buy at a high price  ;D ;D ;D

We'll be there by April or May most likely. Right now, we're finally establishing the post bubble floor. Once we hit the price that people feel comfortable with and maintain it for a couple months, we'll go up again. That's how it works.

it'll definitely bounce back ... it always has.

The price of mining hardware is remaining steady, so in general people know it is still worth investing in the market long term.

When you can buy a new 7950 graphics card on ebay for under $300, then you can start getting worried.

When prices start going that low we will be getting them for 50USD in the end....hope that does not happen.

This is just like sports betting...in regards to doing the opposite of what you feel

There would actually need to be some critical flaw in bitcoin for prices to go that low.   Not the flaw like Gox is stating...

Since everyone here says it will pump back up eventually over $800, you are buying coins I assume them now right? Or if you aren't buying coins, maybe not that confident in your guess it will rise again?

Gox is just trying to spread propaganda and induce a panic into the market. What they are blaming onto the Bitcoin protocol has been known for years and we never had any major issues with transaction malleability before. One thing everyone needs to ask themselves is "why talk about it now?". Gox is pretty much just playing the blame game for some transaction issues that was caused on their end and not due to the Bitcoin protocol. If their goal was to bring the market down, then they succeeded in doing so.. but since no one can withdraw their fiat or bitcoins, it's pretty much an empty market. The only people who will come out on top of Gox's fiasco is Gox themselves, most of their members are going to lose out big time. I hope other exchanges doesn't follow down Gox's path and start throwing their own FUD against the network's protocol either.

"TRUST IN THE COIN"

As far as BTC going back up to the $1000s, I wouldn't hold my breath for that to happen any time soon.  I'd say maybe within a 3-4 months time, we might see prices getting closer to the $1000s mark... but only if Gox or some other major player in Bitcoin doesn't screw it up by manipulating the market again.

I think there is a psychological barrier between gold Vs bitcoin price ... gold investors not really happy with it ... and they are powerful ...I would use btc to certifying gold bullion bars ;) like http://www.coindesk.com/bullion-bitcoin-launch-gold-bitcoin-exchange/ ;D

It will be interesting to look in a couple of months to see how the bitcoin holdings have changed. Will the recent price gyrations have increased the concentration of bitcoin holdings, or aided in the dispersal of bitcoin to newer hands, personally I would bet on the former.
The market is beginning to look a little orchestrated, the accuracy of a number of predictions (to the day) not even the week/month is slightly suspicious. Would it surprise anyone if they discovered that a chosen few are still able to move coins from gox to bitstamp, despite the exchange shutdown. At $300 a coin they could split the profit with gox and the only losers are those in the community not in the know. (ie most of us).
In the meantime we can get ready for the next pump, whilst those early adopters who for various reasons want out at the moment continue to get out.

Its reminds me

moving large volume with algo-quants strategy
http://youtu.be/GAGaReF9LaI?t=6m46s

;)

I've read many times, I think even in this thread it was suppose to hit $1k again already...so it really is anyone's guess on what will happen. I'm a big chicken and overly cautious and just buy 2 BTC at a time. Can't really afford to lose money anyway.

igive two weeks

aaaaaaaaand.... it's bouncing back already!  ;D

I think if anything, the smaller holders of bitcoins are the ones who panic sold.   The larger holders added more coins to their portfolios at cheaper prices...

we will definitely hit $1000 again, I just think it will be a gradual increase rather than that meteoric rise we say back in Nov/Dec 2013

Maybe, maybe not. I'm not so concerned with hitting $1000 as much as $900. I feel we'll be getting more rises to $900+ followed by dips. Something about adding that 4th digit....it becomes full fledged sell mode.

No bouncing here. More like a thump on the floor. Market data isn't working for me via blockchain so I'll use coindesk. We're at an exchange rate of $620, (%-3.85). I feel for those who have mega hoards of bitcoin. I don't know how you cope with the stress.

$1000 ? never ever again. The game is over. Get over it. Bitcoin is just a medium of wealth transfer. Nothing more. It just depends when you put your wealth in it. At prices above $100 it is heavily overvalued given its use.

OK...


So which altcoin would you recommend. Terracoin?

At this point we are more likely to see $0 than anyone paying over half that the way people keep dumping

I'm predicting $2,200 by December.

Haha good find !!! Bitcoin is just more popular than the alts... that´s all. From a protocol perspective the alts are offering more....(if this is good or bad depends on market sentiment). Altcoins are currently, (unfortunatly) a derivative of Bitcoin. If Bitcoin go down they go down more (in USD value)

Most altcoins are pegged to BTC prices, and even those which are traded in USD are following BTC prices. From a USD perpective they are just leveraged instruments of BTC prices. A lot of money can be made on the swings down, selling early enough on the rebound.

I would stay away from all crypto for a moment and let the dust settle. If you want to do something, then short BTC or alts.... can you even short alts ?

The Gox situation is very unique, and even people like me, with a couple of years exchange experience and BTC experience are struggling to put the all the pieces of the puzzle together for the right decission.

But coming back to your question... which altcoin I do prefer ?  I like Litecoin as there are some sites where you can spend then (big difference to all other alts, which are just there for speculation/making the creators rich). Let´s say, I will like Litecoin again at around 20-30% of its current price....

Apart of this, all the other ones can be exchanged for each other. If NVC, NMC, LTC, XRP or whatever, the party is over for now. All we can do is wait till all the pain has gone and the trend has reversed

I guess I have not answered your question to the extend you were hoping.

Disclosure: I do not hold any LTC, BTC, XRP, DGC, TRC, NMC, NVC,  or other coins. I am short BTC and long GoxBTC.... lets see how this trade goes...

HELP!

Are you scared? Don't watch MtGox, I'm glad when that exchanges dies as it negative affects the BTC price of today. Watch the price of BTC at for example Bitstamp. http://www.bitcoinity.org/markets/bitstamp/USD.

It's about $615.- now. I would love to see it back to the 1000 again. I think it will in a few weeks. This might be a good moment to buy some more BTC (like I did :D)

Yes I'm v scared...plz h..h....h....h..ha...hea..he..hel


HELP!

I checked you last posts. What happend? Why are you so paranoia? Stop thrashing this forum with your HELP!!! messages..

On topic, we'll see. In a few weeks we hit the $1000 again :).

Indeed.

If the btc project succeeds and continues to grow, $1000 will be seen eventually. My guess is in several months.

This is what everyone says. It will hit $1000 again but it never does. I think that's what many of you "want" to happen so you start to believe it. Hell, I bought 2 lousy bitcoin when it was $650 and I'm ready to dump them now just so I don't lose too much. This downward trend looks like it may be here to stay.

It may be less than several months, but a few weeks is very optimistic - there are too many resistance levels and emas on the charts to reverse before we can get to that.

Looks like we could possibly go all the way down to $200-$100 numbers again. Who would of though we'd be here now? Not me. I wonder if users are buying at these prices now. I only bought coins, but since I bought them at $650 each I've already lost money. My other small stash, which is only 15 coins all from mining so that's all profit, but it would be nice to see $800 again one day but it really doesn't look like that can happen. Maybe I'll just sell out and be done with this bitcoin. I don't think there could be much money made these days, especially if you can't cash out to begin with.

this is the sentiment we need for things to start turning around.

i reckon there's maybe 1-2 more weeks of this shit left, then we'll slowly start climbing again.

You got your mining equip and your electricity for free? awesome.

Possible but look at it now :( so no future arggg !

lol the only one that was spot on was the only one who got laughed at

What is your definition of anytime soon?

Well it definitely didn't get back up there since when you posted.  Can't imagine a huge % of people will bother selling for anything less then new ATHs when we do start going up. Hang in there.

what about it need just more time, 1 years maybe? people have lost faith, that's why btc dropped, add to this all the coins stolen, and it's obvious the price can't rise in those situation

It will probably hit that price , even if not now .. but It will eventually .
For me .. I think that the next halving block reward is what's going to define the future of Bitcoin (when I say the future of Bitcoin I mean looking at the price)

~ Madness

best quote i've ever heard  ::)
honestly tho , i think we'll see 10k within 1 year.

JUST HODL my friend ! together we shall remain strong and fight the dumpers

As btc is becoming more recognized and popular meens that the cost will go down to integrate it into society

the question is not if, but how long it will take

We won't be seeing 500-600 this year

Why are you so sure about it?
Price has indeed been in the decline for the last year, but that doesn't mean it will stay like that forever.
Having said that, of course I have to agree that it won't be easy to reverse the trend and start moving things in the upside direction. But once $350 is taken, we may as well see higher levels with slightly less effort.

wut

I mean, you are wrong, but I don't even see your reasoning.

Again, we lost 10$(247$-237$) today, So you got to belive we couldn't reach 1000$ in a short time.

Looks like the price somehow keeps decreasing.. Even if the acceptation of the coin rises.

I think some disruptive innovations have to come around the increase the value of the coin again. Maybe some innovations that make it even more easier to use Bitcoin for the "normal" people.

This. I just cant see how the price can rise above 400 without a major news release about a new use of bitcoin that will deliver clear cost reductions and does not require people to hold btc for any more than a few seconds, and certainty does not require a physical wallet buried in the garden.

loooool


loooool

I think that case exist.  I finally used the Circle wallet to buy something at a store here in Chicago last week, scanned the QR, and it automatically deducted the amount from my bank account in $, paid the equivalent $ cost in BTC, and I really didn't even have to know BTC was being used in the background.  Finally a good experience for normal consumer.

As for other news, it will obviously seem to be wall street will be the news for this year.  Gemini releasing, then the first ETF will surely open up the world for capital to pour in - price will follow.  Maybe not up to $1000 in a day, but it'll well exceed 1K in no time IMHO.

I think it willhit $1000 again, but not for quite awhile, maybe a few years

If the 1000 value was all down to the gox insider trading scam then it will likely be a very long time before bitcoin achieves this value again. I think it can easily happen but it will be down to merchant adoption and mainstream acceptance which will take a couple of years. I would rather see a slow but steady growth rather than a quick rally also which I think it will be.

It does. Mathematically speaking, if the marketcap surpasses X billions of dollars (for example VISA) the price should be much much higher than 1000K. Its just pure math..

I dont think bitcoin will ever hit $1000 again, there will be no more bubbles because there are many more merchants/exchanges now

Trust me, there will be big bubbles still with big investors getting in.

I expect to see $1000 in H2 2015. Let's say I hope so...

Money moves mountains.

At this point there is soo little money in Bitcoin that real investors with hundreds of millions of new money can shake things up quite a bit.

Best years for Bitcoin will come, don't worry. If you do worry, then sell your coins.  :)

Have anyone given the thought that few more halvings can actually reduce the amount of new coins to the market and that supply is now much lower than the demand... and this coupled with ever increasing higher adoption rate. I don't know but i see every possibility as we progresses further

Halving events occur in approximately four year cycles.
Next Bitcoin halving will happen in the end of July 2016 (clock here: http://bitcoinclock.com/). 
So I am not sure if you aware of the time perspective, when talking about 'few more halvings'.

If bitcoin succeeds, a price increase is inevitable, it's basically cause and effect, thats why so many people is holding long term.

This is true, although even a bit more simply: If demand remains constant, the price increase is inevitable because the supply rate is diminishing at a constant rate until it is fixed.

I believe someone dug out this thread in order to show people how there were people waiting for BTC to go up to $1000 again in December 2013... Well, i tell you what: I'm fairly certain that it will return to those prices, and even form new All Time Highs we can't even dream about now.

"Supply diminishing"? What?
Supply is growing at an insane pace, maybe you meant that *supply increase* will diminish over time...
Also, as far as we can see, demand is decreasing, not remaining constant:

https://bitcointalk.org/index.php?topic=934650.0

I would go even further and state that due to the huge supply, Bitcoin will have to face the deflation. With huge supply of Bitcoins and each time more people offering services paid in Bitcoins, it will drive down the prices of the services, and thus deflation may pop up.

How do you even calculate demand accurately? Plus we don't know how things are going to develop. It only takes one day for things to blow up then all your work trying to predict adaption goes to hell as it goes viral overnight.

if you put no time limit, or use something like 5-10 years, its pretty sure to say that that may just happen and we see new ath.
dec 2013 prices were too optimistic, and it was obvious how that couldnt sustan for long, same thing would happen now if we would go to 1200-2000 usd, after just few months we would drop atleat half value.
we can and we will see >1000 again, but not to trade until then is a definite mistake,unless you dont know what ure doing.

cheers

I guess somwhere around next block halving we could have four digit prices again.

Yes.

I wouldn't be surprised if it went UP to $1000 again
but you have to be patient ,btc not will just jump without anything good news

never hit $1000 again, forget its guy dont hope to much with bitcoin.

Never before BTC failed to reach the former ATH, no matter how big the fall and even if it takes some time.

I doubt it will be different this time

I think if the Winklevoss ETF  gets approved and launched, we'll see a huge panic buying  and big correction.  If that happens, we could be at $1,000 or more in next years

BTC will never hit 1000$;

from 998 BTC will hit 1001$

Btc will or maybe hit 1k$ we can say
We have some hope in btc

But also think that btc can hit the bottom line .

That is an interesting observation. However it does not take into account the level from which the price started. Starting the bubble from $1 or even $ sub1 is much easier than from where we are right now. In other words: growing say 100 fold from nothing to $100 a coin is relatively easy, growing another 100 fold is not.

It really would not be that big of a deal for the price to go up another 100 fold. The issue is that there are few sources of money that could potentially cause the price to go up that much. The last bubble was likely the result of hedge funds trying to buy up a lot of bitcoin, but I don't see any similar source of buying

That is why it will be much more difficult to get another 100-folder now. I repeat, it is quite a different story to get a 100 fold growth of a project that is in the very early start up phase (that was the case with Bitcoin 2-3 years ago) and a project that is already mature to some extent and got some attention from broader public (Bitcoin now).

I got involved in May 2011, and if you had told me then that it could even reach $50, I flat out wouldn't have believed it possible.  Bear in mind what the charts looked like back then, with unchartered territory up ahead and some massive spikes (that look like mole hills today).

I watched an Andreas Antonopoulos video the other day, which I think was from 2014 Q4 or thereabouts.  He's known for not wanting to get drawn into speculative discussions about BTC price, but he did say that he thought 2015 would probably be the last year we will see sub $1000 prices.

You bought hardware and paid for electricity but never had to go through third party exchanges or exchange on localbitcoins.
You just sit, watch your miners and collect your bitcoins.

In hindsight, when I was (GPU) mining, all the hassle, component failure, extreme heat and noise, and cost of course, it would have worked out about the same price just to buy rather than mine.  Hindsight being 20/20 and all that...

Sooner than you think.

This coupled with the Gemini exchange should give us a nice bull rally.

But now we are speaking about 2016 at least. So far the news has been they won't make it this year.

There are many many hedge funds and other institutional investors that have not yet dipped their toes into Bitcoin.

in year  2016 price will above 500$

that remains yet to be seen.

Yes, it yet remains but ain't impossible... ;)
And so, just waiting to see the trends break it towards the upside now as there were so many triangular patterns formed and needs to be broken...

500$ in 2016 is possible if we people help bitcoin community by holding bitcoins and share about bitcoins to all

500 is too low for the next halving, and it is super possible for sure, hell 500 could be achieved right now...

It will, under the right conditions. The next halving might as well bring us near to that price, but until then we could only speculate. Even the $500 range is for us yet to see.

Could be, yes. But apparently we are not seeing that range in the time being.

Yes

Its a pullback with a small p still so I'm only look at 200 day average for a target in long term considerations.   The decline is quite slight but steady

https://talkimg.com/images/2023/06/12/Ah7Ro.png

1 hour bars and 2 day average overhead, so a steady decline without much hesitation or challenge especially will have some upset but in the bigger picture its quite fair and only a return to price of the July and before.    Each horizontal line here represents some significance to the longer term.  10500 has been a ceiling recently but on this particular chart I'd mention 10200 area as somewhere to watch for these days going forward.  50 and 200 day averages also are likely to be checked and I expect buying to occur before that long.

  1000 would require capitaluation more then profit taking, different size of magnitude. The bigger picture always matters more and everything else is froth comparatively.  Chart since 2013 peak (https://talkimg.com/images/2023/06/12/Ah91T.png)

Since you missed it before and did not understand my attempt to show the people of the past that it would indeed get back above ( in 2015) $1000. I changed the subject line of my post to $10,000 to illustrate the same point.

Thanks for the graph it looks wonderful.

Holding until $250,000, and re buying when it hits the 85% drop.


https://i.postimg.cc/7ZpPnHFd/since-you-missed-it-before.png



Edit: Probably should lock this thread.