Bitcoin Forum

I want to hear your thoughts on when btc will reach 1000 bucks again, feel free to share.

This belongs in Speculation.

as soon as the christmas and new year retail sales period for fiat customers has finished, then they will put their left over fiat back into investments

On Thursday.

I believe it will by March as the venture capitalist who invested in Coinbase and other ventures start the television and radio ads.  It will then go main stream and to the sky!

Mtnminer

Mid Jan .... 2014 :)

3rd and 4th Jan 2014
untill Midnight

I think we'll likely see a $1000 bitcoin again by the middle of next year if not slightly before. The last $1000 rush was fueled mostly by the excitement around the Chinese and I suspect that the next $1000 bitcoin will be a bit more organic. People are getting less 'spooked' by announcements of raids and rejections and they are gradually starting to accept and use Bitcoin as a currency. That, I suspect, will fuel growth.

That said, I could be completely wrong. Bitcoin might prove to be gold-like in that it performs better when the economy is performing poorly. If the economy improves substantially over the next few months, we might see a stagnation or outright stall. That wouldn't be a bad thing though as it would mean stability in the market.

BTC will climb back up again to $1000, but in 4 or 5 years we could see it as has as $500,000 possibly more per BTC.

March is a good month for investments, untill then bitcoin wont vary much unless something major happens on a global scale

Either perhaps it will sometime in the future but then again there is a chance that it won't.

DarkMiningBTC for sure bitcoin is going to cross $1000 soon in fact this time wait for $2000 as all these dips are opportunity to buy more and see your wealth escalated when bitcoin bounces back. So don’t panicle sell if bitcoin prices fall but instead buy more and become a rich person in near future.

1000 is not important as it can reverse bounce back to 400 technically,

1300+ is getting interesting , which I believe will happen around next fall

Jan 27th 2014, 3:45 GMT  ;D

Soon would be my best guess.

By January or February latest.

maybe never agian  :P

The recent spike was due to the enormous interest from the Chinese investors. They have mostly offloaded their stake. So now we have to wait for another spike from some other nation... may be India, may be Indonesia, or may even be some Latin American nation.

I can't see that happening at the current rate. If we have some interest from some other countries then maybe.

Not sure what you mean by "current rate" (maybe it's just a language problem I'm having).

If you mean that at the current pace of the price rising it can't happen I have to strongly disagree. First, 60$ up in a day is certainly not a problem, second we did see days with a lot more movement just recently. BTC moves really quickly and other buyers will fill in the gap, it's spreading like wildfire right now.

Then again, it will largely depend on the BTC-news.

I don't think it will take as long as it did the first time :)

If last week's "modest" growth was to continue, just for the sake of example, we would be well over $1000 by the end of January. Considering last week was holiday period and January is often bullish generally and bullish in Bitcoin (more so perhaps today than ever before), there is certainly a significant chance of this happening.

Also remember that the last major growth spurts were not stimulated by other countries. There is still huge growth potential in the US alone!

India seems dead for now.. and most Latin American countries don't have much money, small European countries like Holland have a larger GDP than places like Argentina and Venezuela.

Yes, this is kind of how I see it too - plus, look at the charts! It really seems like 480 was the low.

Then again, really bad news could prevent this, just as really good news will propel us A LOT higher than just 1000$.

Certainly by april since this has been a major growth month in previous years.

Just like a lot of others on this forum, I thought there would be one more leg down to somewhere around $300, 10 days or so after the $455 bottom. Then I remembered that 5 or 6 weeks ago I was trying already to work out the low after the bubble by looking at previous charts, not an exact science I know but nevertheless I calculated $450. Of course when the time came I didn't buy in at that price! Now I can see that I should have just stuck with my guns and not been swayed by day to day hype.

In short I've come to terms with the fact that, unless there is some very major bad news or highly unexpected and inept gigantic whale trade, we will not be seeing $450 or anything close again, and in my opinion we might waver a bit for a few more hours but we are not straying too far from the current price of $750, unless it is in an upwards direction. The line will continue steadily up through next week and beyond, getting steeper in early January.

Well said, I agree!

You can't say how much it could stray downwards again, but I would say that we have seen the bottom (except for horrible news). What you saw there was exactly how a bottom plays out - a last short, deep downwards spike and then the price shooting up.

I bought most of my BTCs on that lowest day, and I'm pretty happy with that (couldn't buy all of them that day, because I buy in chunks, can't break my rules). Now waiting to invest my last 20%.

Congratulations!

It won't be wise to invest in bitcoin to double or triple your money. Its highly volatile till now and word governments are still suspecting it.

What you need

India? Just got shut down by the  goverment.
Indonesia? Too small an economy.

US and Europe, South Korea maybe.

Don't need a spike from a country. It really is not necessary to look at it in terms of "injections" of interest - steady adoption in America alone (not that it will be just America alone) would mean many months to several years more growth.

Agreed. Organic growth round the world, is enough. Look at this site for metrics:

http://www.bitcoinpulse.com/

And people like coinbase  doing a POS app for retailers: http://t.co/BJM7ss8sMi

Plus widespread placement of bitcoin ATM machines will help enormously.

Better, more foolproof means for POS transactions will help (i.e. the use of a real-time exchange to lock in a price rate, something akin to Paypass and so on).

It seems to stablise around $600-$800, we could see more fluctuations within this band for the weeks to come. I am sure bitcoins is one of the more popular topics at dinner tables over the holidays, there will be a lot of new comers in the market soon, it would be difficult for bitcoins to drop back down to $200 level.

My guess is we will head back down and touch $450 level again for a few hours and come back to $600. It may touch $1000 again in mid 2014, but it wouldn't stay there for long. I believe it will take a few attempts at the $1000 mark for bitcoin to stay at that high level.

Here is a chart I made on December 17th. Before BTC fell below 500 the following day.

According to my observations it could be anywhere between mid January and June 2014.  Unless we hit another bull market, then it could take only a couple days. If that happens we maybe headed back to the moon.  ;)


http://i.cubeupload.com/qA8QJE.jpg (http://i.cubeupload.com/qA8QJE.jpg)

You may want to draw your chart again using a log scale

There is not much sense to compare a $10 increase appearing 2012 with a $10 increase during 2014, and that's what you're doing by drawing these lines on a linear scale. Seems to me that it has more signification to compare a N% increase in 2012 with a N% increase in 2014, ...

A log scale sounds good. But I am not sure what you're saying.  The chart shows only activity in 2013. Where do you see 2012?  I don't know what you mean by a $10 increase.

I am only observing angles and looking for patterns.

From mid march 2013 to April 10th you see a spike from $35 - $230. And then it corrected itself back to $65. This is important to understand since this type of activity always repeats itself. In which it did.  We can see similar pattern between November and December but much more radical.

This chart projects a conservative increase in value over time compared with sharp spikes of the past.  It helps me understand what happens when the market spikes and how a good bull market can go into insanity very quickly.  

All I am trying to point out is that investing long term is the answer.  If you day trade then this chart may not help as much except as a warning to people investing at the top of a spike.

But right now seems to be a good time to buy. Especially long term.  But I think many people are waiting to see what happens after the Chinese new year (Jan 31st). After this date we may see some interesting activity.

Consider,we are approaching 2014 and will compare prices in 2013 with Prices in 2014 so a log scale is more valuable
BTW :I appreciate your chart- drawings

@Bitcoin-machines
I was just drawing a few examples to make my point, by comparing a fixed-in-$ price raise end-2012 with the same raise end-2013. I assumed you needed arguments to accept going to log scale, but obviously you don't :)

Thanks.. I was simply looking at angles and saw a pattern.

I should play with the design an incorporate some useful & comparable numbers. 

just put it in a log scale and it will be ok.And it will be useful for month.
I personally think more comparable numbers are not needed .
Watch this longtime Chart from Godmode-trader.de
http://img.godmode-trader.de/charts/46/2013/11/d1170bitcoin2-18.png
The text about this Chart is:
I think Godmode-trader`s Chart is a bit "healthier" than yours.
you might Label your chart "bullish but healthy"

Thanks

Agreed again.

Agreed, agreed, agreed.

Here's my guess. US federal tax refunds start mid to late February 2014, so beginning middle of March 2014, lots of SMART people will start to invest in bitcoins. Note to myself: buy more bitcoins in February 2014.

Note to myself: buy more bitcoins in January 2014  ;)

March 2014 sounds right to me too :)

Bit earlier than that - we will at least scrape it if not break it in January

Thanks.  Godmode-trader Chart looks great.  I've never seen it before.  I am by far no expert, but it will interesting to see which chart is more accurate 2 years from now.

The current trend is too weak and low volume to reach anywhere near $1000.  It will have to be after another capitulation. So, probably not in January.

When will people learn. Trend, volume, it doesn't mean anything. All that matters is how much people buy. And that can't be predicted just by charts.

I think it depends on the market state of mind. If people are in a panic for example then volume is important to consider but still difficult to judge. Volume with Bitcoin is actually very difficult to judge in any accurate way in any case. Looking at the order books is deceptive - there are full accounts without limit orders - and I don't think you can read Bitcoin in the same way as stocks and shares when it comes to volume.

I don't think most people are in a panicky mood at all now. But people wanting to buy in might get more panicky as the uptrend continues, causing a some steeper stuff in the weeks to come.

Yes and no.  Volume is a huge factor.  We're going up now, but on very low volume since it's holiday time.  But per the charts, we're reaching some resistance levels also and slowly breaking through them.  That only comes with people buying.  You can't predict anything of course, but you can make educated guesses. :)

Question to anyone: What would be the most accurate way to judge BTC volume?

There's a lot of different sites out there to see the volumes on each exchange.  I like and use : http://bitcoincharts.com/markets/  It's fairly simple but does a nice job showing most of the major exchanges in the world.

Shows the 30 day avg price volume etc and also the 24 hour price avg volume etc.  You can see, for example, Stamps 30day vol is 956k, or basically avg of 31k per day for the last 30 days.  Last 24 hour is only 8.8k.

Here's my prediction:

Everyone is expecting amazing results in 2014... like super bullish results. But guess what, bitcoin doesn't give a fuck about what everyone thinks. In fact, it would rather do the opposite and be unpredictable like it's always been.

So 2014 will start slow, very slow.... I think it'll take until March or April for it to reach back to $1000-$1200. The highest it will go in 2014 is between $2000-$2500. I'd be more willing to bet it will go down from that ATH to around $1000-$2000 by the end of 2014.

Noobs will think bitcoin has stabilized to this value for good. The people who invested expecting 1000% returns will be disappointed, maybe even scared, and start cashing out. 2015 will begin slow as well. Stupid fucks form Business Insider and Forbes will make articles saying "has bitcoin lost its fire?" showing charts and talking about how it's not the hot investment as it used to be. Morale will be much lower than it is now (way too many bulls currently, imo).

And then sometime in 2015 bitcoin will skyrocket to 5 figures. No one will expect it and it'll probably happen in a matter of weeks. Those who hodled will be rewarded. People will start noticing and bitcoin will start gaining hype again. There will be another 'bubble' when it reaches 5 figures but from there on out bitcoin gaining or losing $1000 within a few days or a week will be normal volatility. It will reach new ATH's of $20K-$30K in 2015.


I'll bump this post when time comes so everyone can bow down and worship me for being right.

Your timescale is much too long. Why would it fall out of the limelight now? This is tipping point so by 2015 it will either be nice and high (around $5,000 minimum I think) or completely out (which I believe is not likely). Just my black and white opinion there.

jan 3rd we will be over 1000 USD per coin

Maybe, I mean what do I know. But I still think 2014 will be a good year for bitcoin in terms of merchant adoption... but I think we will see those benefits (more money going into btc, significant increase of market cap due to merchant adoption) in 2015. I also think there will be more bad news in 2014 due to governments and banks being scared, and this will cause panic sells and make for a bumpy ride in 2014. Especially because more noobs are getting access to BTC.

I think people will want to get in early generally speaking. And for every noob who invests a week's wages there will be people already in for a while substantially increasing their investments - I believe there aren't that many "all in" at the moment  :)

Not a bad analysis at all actually.  I tend to agree with a lot of it.  I posted on FB under a friends questioning of bitcoin and then various friends chiming in.  My quote was essentially this.  Give it three years.  Bitcoin will be $10 or $5,000+ a coin, it's not going to stay at current levels.  Which?  I don't know.  But I like the risk to reward at these levels.  Save this post and come back in 3 years. :)

So very similar to what you're predicting.  Time will tell...

Three years is much too slow for Bitcoin!   :)

@T.Stuart
I have to agree again ! 8) 8)

Seems like a reasonable chart. But a chart that says we will hit $1000 again between January and June doesn't really tell me I couldn't guess anyway ;)

How did you come to your conclusions for the chart? Is it based on resistance and support levels or basically just random "angles" for the lines?

I have a feeling we'll see this $750 range for a while - a few months - and a strong $1000+ before next summer.  That'll grow as more retailers come on board, until finally it pops and either bottoms out, or explodes to the 40k+ we're all hoping for!

I'm surprised by the bearishness here.  I have 80% confidence that by half way through 2014 bitcoin will be over $1500 and lets call it 65% confidence it will be over $2000 half way through the year, and 30% confidence it will be over $3000 at half way.  By the end of 2014 I expect the price to be between $5000-$10000.

Someone posted this link earlier

http://img.godmode-trader.de/charts/46/2013/11/d1170bitcoin2-18.png

Best analysis to me so far.

Awesome, thanks a bunch!

Yes, three years is much to slow for BTC.

This will probably happen in 6-12 months.

Remember to look at volumes before the bubble though, and then during the previous bubble and before that also, to give an idea of changes as time goes by and prices change etc.

Yeah, that's a great idea!

Although I have to disagree with you for the first time here, as this was not a bubble, because the price was moving clearly for fundamental reasons.

Both posts bring up good points.  What is considered a "bubble" and how were volumes effected by the bubbles?  Bubble is a very non-technical term overused mainly for the stock market.  We heard it for the tech bubble in 01, the real estate bubble in 08.  Many consider the current stock market a bubble.  And was the bitcoin jump to $1200+ a bubble?  China was jumping on board and XBT was getting a lot of mainstream press so there was somewhat of a fundamental reason for the price increase.  But more on emotion and new investors also.  If China didn't shutdown (or basically shutdown), would the "bubble" really have been a bubble?

A "bubble" imo is a positive price movement when there is nothing to back it up anymore.
You can get into a cascading effect where the price is driven sky-high because people are investing in it because the prices are going sky-high turning the whole thing into a self-fulfilling prophecy.
Only when a person or a group, which have a big enough share, figure out that the price is utter bullshit and pull out (or no new investors want in) does the "bubble" "pop". Due to the fact that the price plummets and everyone already knew that the price was bullshit, will everyone start making a run for the exit driving the price into a crash.

With bitcoin it is hard to tell if we are in a "bubble". The price is based on a tekst string and has no usable value, this is equal to fiat where the paper itself has no real value. Is the euro a bubble, is the dollar a bubble? these questions are equally hard to answer. If fiat can survive bitcoin most certainly will survive since nobody controls it. Some virtual coins will therefore become strong like euro's or dollars in fiat-land and others will become virtual Zimbabwian dollars which are completely worthless.

It's all about trust and acceptance and only time will tell which will survive. As we know from historic events like VHS vs Betamax we know that it is not always the best that wins.

Are we in a bubble? Nobody knows. Does it feel like a bubble? Not to me but who am I.

You described the mechanics of a bubble very well there. In short, a bubble is when price is totally detached from real value (to the upside).

But BTCs latest movements on the upside and the downside were driven by positive/negative news, changing the game in a fundamental way. eg: China is out to a large degree = BTC is worth less now.

But there have been long threads made about that bubble discussion before. It just became totally aparent to me after that crash (I suppose we won't go much lower than the lows we have already seen, otherwise I might have to reconsider) that it hadn't been a bubble at all.

Most people on this forum (not you) think bubble means "extremely fast and high rising price", which is just stupid. Most people on here know about BTCs technical side, but seem to have absolutely no feeling for trading and economics.

Not to me either, although in my opinion it is OK to refer to the rise to $1,200 in November, the rise to $270 in April, etc. as bubbles.

It depends how short-term you are talking. According to your view I don't think you can say that April was a bubble either. In fact I agree with you that Bitcoin has never been in a bubble - look at the log scale.

But in the short-term it is a valid description, basically applying to panic buying.

Also the first fall came before China bad news. And in my opinion (although it is just speculation) the double top was forming strong regardless. But perhaps we would have just kept going significantly higher.

It looks like we are in a gentle upward climb from the low point. Frankly, I prefer this to the wildly climbing prices we've had in the past that were unsustainable. According to my projection chart below we should hit $1000 on Mt. Gox on January 13th. This of course is barring any unforeseen news.

http://i243.photobucket.com/albums/ff9/therxquantumleap/mtgox1000_zpsc8754591.jpg

I expect it to go faster once the new year starts.

A bubble is something which crashes in price subsequently. If Btc goes up in price due to more widespread adoption then it is not a bubble.  If btcs fall in value due to regulations or protocol problems then it is a bubble.

Personally, I don't think it is a bubble because Btc has not even penetrated 1% of the human population. Also, it's proven pretty difficult to kill the Btc protocol and the blockchain provides an alternate way for people to transact if they don't want third party intervention.

To my mind, another reason why btcs are probably not a bubble is the almost complete absence of direct leverage/credit in driving up Btc prices. The big leveraged bets are yet to be made by speculators. Once the big leveraged bets have been made, it will be possible for Btc prices to fall if the leveraged plays are withdrawn. Until then, IMHO current Btc prices are nowhere near bubble valuations.

That post comes from me [Germany]
Yes, it`s really the best longterm-chart

Sixth of January 2014.

That's a good graph. Shows where the "value zones" are as well.

In the end, I don't worry about bubbles. Anything that increases in price from $1 to  $800 in a couple of years is doing fine.

It's new year! Everyone get your bull on. The correction is off and we're going to the oort cloud. Way over the exponential trend. We're going to trend exponentially on an exponential scale. Let's make a log chart of the log chart. 2014 baby!

Yep - enough of this Christmas "sideways trending" - time to move it on up!

I sense a hint of sarcasm

Its very hard to tell with bitcoiners ;)

No, this is not what would make it a bubble - the exact opposite is the case.

This is pretty much what I meant when I said "January; February latest" - you put it into mathematics.

Keep the unexpected news in mind though, true!

We will see how it plays out and if we are right.

Might get wobbly from next week on as more people buy in, and then as we approach 1,000 I guess some more might sell off, although it seems like most are content to sit tight.

I do predict one thing with absolute certainty. If this line continues to the weekend you will see an increase in posts screaming "Low volume!", "Manipulation!", "Mac-Ds on the EM 74 calling bear market, Roger!", etc. as those who have waited for the last drop to the $300s try hard to justify why they should be able to buy in at lower prices. The FUD will increase this weekend as it is the last chance for a no-reason panic sell; afterwards we are properly into January 2014 and the small shoot of a line that has developed over the past couple of weeks will steadily gain support as it grows into a good strong tree in the early months of the year!

To be quite honest, I did think it looked like manipulation. The line is going up just too evenly with a few exceptions. But I think if that's the case it won't result in a big crash. I don't think anyone can manipulate down to 300 though. Some big news like the US government clamping down would be needed for it to go down to that from here on out.

I like to add this to the graph:
So, every "chrash" of the BTC-Price happened to be inside the 2 ascending lines.
We have a very stable bullish trend. even a 90 % (!!!) dip won`t harm  BTC.
Interpretation of the professional chartanalyst of Godmode-trader.de by 18/11/2013
Quote

will never be 1000 usd, it back to 10 usd

http://invezz.com/news/forex/7726-bitcoin-usd-will-plummet-to-dollar-10-by-first-half-of-2014-predicts-risk-management-expert

https://bitcointalk.org/index.php?topic=378368.0

The expert is right. He is only talking about mBTC though. So $10 is a fair price.

Even on a non-logarithmic scale, the "crash" in April of 2013 and the most recent one still didn't bring the level down to what it was before the crash like it did in summer of 2011. That tells me there is some inherent investment value in the market.

So far today the bitcoin price climb is going at an orderly pace. If it continues this way for the next 2 weeks we will hit 1000. Since it was at 800 yesterday (12/31/2013) that would mean a 25% return on investment after just 2 weeks. I'm thinking about buying more.

Of course, nothing says it has to continue like this. Many things can happen in the next 2 weeks to change this orderly progression.

Guys I need charts with at least this many lines, but preferably 5 times as many lines. Oh, and the moon. Don't forget the moon, and the oort cloud is required also.

Don't worry Tera, we've got a space kept warm for you on the oort cloud!  ;D

I will say $1000 before the end of March.

Before the end of January.

My guess is before the end of january, actually around the 15th.

Do you mean manipulation to the upside? Did you mean "why they should be able to buy in at higher prices"? Otherwise I don't really get what you are saying here.

Anyways, in regards to manipulation, BTC is every investor's wet dream! Comparably very difficult to do. I have been investing in gold/silver, and the free market doesn't play the slightest role anymore there. That market is about shameless daily hardcore manipulation...

The weak hands seem to be pretty much out of BTC, that's my feeling. Really nothing happening at the moment, everybody is on vacation or so. The real market action will resume next week with more volatility, but if that trend holds or not, I can't say.

I just mean any spooky subject that might shake coins from a noob's pocket!  :)

If the current pattern holds with less than 3% between today's min and max, then Bitcoin becomes viable as a means of payment in it's own right w/o the need for Bitpay. Should that hold, we'll see 1000 and 10000 very soon.

I hope you do realize the irony of that post.

  :D

With that cheeky laugh I do think we need to go significantly higher for real stability

Bitcoin's paradox !

You want stability but you are also thinking we'll reach 1000 AND 10,000 -very- soon?  Isn't that the opposite the stability??  Stability is basically what we've had in the last couple of weeks.  For bitcoin a relatively thin min max over the last week.  This is building up a good support base at this levels.  I don't mind mind the nice slow steady climb we've had for a couple of weeks.  Would I like to see 10k?  Of course.  But patience is ok.  I'm sticking to my time period of 3 years for $5k or above. 

I hope of wrong of course... :)

I take your understanding of "very soon" is "next week".

If I had to be I'd be guessing early juneish.

2 days!

I have few Nws Reference which are showing the potentiality of Bitcoin price to move up and now its already started, As i could predict is in this Jan BTC will be $1500-$200

56% of Bitcoiners Believe the Bitcoin Price Will Reach $10,000 in 2014
The price of bitcoin is currently $775, so it’s still a long way off reaching anywhere near $10,000. That said, the price increased 8,723% in 2013, so it’s entirely possible that this could happen again this year.

Since growing up of Bitcoin we can buy almost everything, From House to Car and Grocery to Coffee and Wine. Which shows potentiality and Love of merchandise in Bitcoin which will support us to raise Price of Bitcoin.

Many people dream of quitting their job, collecting their bags and jetting off to a tropical paradise forever. Many people dream, but few people act. Gregory Simon is one of the few who decided to act.
This year he moved to Nicaragua and bought a 0.3-acre plot of land with bitcoin.
Just minutes from the beach in an area of San Juan del Sur called Paradise Bay, he’s hoping to build a home there with his girlfriend.
“By using BTC we were able to complete the transaction quickly with no need to involve banks or other third party intermediaries. I don’t know yet what the house design will be, my girlfriend and I will be designing it together in the coming months,”

Overstock.com Involvement and so many on the go........... In the bitcoin world are showing us that Bitcoin Price will raise up, No problem what ever happens in single government of Central Bank warning Bitcoin is Future.

If it breaks $900 at gox in the next day or two, it will be back to $1000 within 10 days, probably much sooner

I do think Bitcoin will go up, but I have to say it is not the stories of people buying tropical paradises etc. that keeps me interested. It is a mix of the technology + ideology + history (which makes it look very much like now is the right time for an innovation like this) + virality +... a strong hunch ! I have invested, but unless Bitcoin does go to 100,000 + per coin I will not be buying any tropical paradises!

that piece of land in nicaragua I think is very affordable even now :) that particular tropical paradise comes with total surrounding poverty, military junta in power, no real services (medical, communal, schools, shops), insects and poisonous snakes and other things they don't mention in the paradise prospects :)

You mention something that I don't hear much about, timing.  I think the timing of Bitcoin is perfect or near perfect.  If Bitcoin came out in the late 90's or even early 2000's, I don't think it would have had nearly as much of a chance.  Bandwidth aside, just the state of the overall economy in the world.  Everything was considered "ok" as compared to now.  No US debt at $17T, no Euro countries basically going bankrupt, etc.  I think the world is ready for a currency that is free from all the worldwide debt.  While gold is a good hedge (a huge distinction vs investment), gold is a lot tougher to be used as an everyday vehicle for buying, trading, and selling goods on the open market.

$1,000 in coming with in 2 weeks...

Hey, you just implied it would take till March or April to reach 1.000$ - 1.200$. (Post #60)  :)

Btw, the timing of BTC is no coincidence... The first block was mined just a couple of months after that economical catastrophe in the fall of 2008... Satoshi knew what was up...

As you are well aware, it might go to 100.000, that's a possibility...!

Who needs a tropical paradise anyways? I just need some of freedom.

Hey, I'm thinking about when to put in my last 20%, what do you think? Wait a bit longer or do it now?

On one hand, the price developement is really stable and its just going one direction - up! I have been waiting for a pullback for many days, but it just doesn't come. On the other hand, price almost always comes back a little bit and it's not good to hurry.

Maybe I will just wait a little bit for higher volume at least.

Yeah, about that. I bought at 360. Then again at 1130. And at 700. Other than the 1130 one, everything has made a profit. I could be like so many others, wait, watch, hope for a dip. But why? Nothing is certain except that the price will go up over time. And if I had waited for an opportune moment instead of buying whenever I had a little space pocket change I would have less than I do now. The best time to buy is always as soon as possible unless you happen to have insider knowledge of a major event that will make the price dip.

I can't completely agree there. If price has just gone up a lot (like to 1.200), and you read extremely bullish sentiment all over the forum, then some pullback is likely. That's why I didn't buy at 1.200, but instead waited and bought almost at the lowest possible point afterwards (and then again a small chunk at 640).

I will admit though that China helped, and had we seen some very positive news instead, I might have had to buy in higher than 1.200.

If china had stayed in we could easily be at 1500+ now. Can't plan for what you can't predict. And yeah people are bullish. Why wouldn't we be? That's not a good reason to wait, this isn't like a normal stock.

Haha, yes, and no. :) I generally don't predict any logarithmic or exponential growth in any stock or commodity.  Very rarely does it happen that way, especially over the short term.  I mainly agreed with his post about his long term views of the XBT.  Trying to predict short term runs is very difficult, in either direction.  So saying it could hit, lets say 2,000 by years end, doesn't mean it will take until June for 1,500.  It will have run-ups, pull backs, negative news, all effecting the short term price.

It's the volume right now in the current bull trend that has me thinking 1,000 before too long.  The 24hr avg volume on Gox and Stamp as gone up over 100% in the last week with a nice steady climb.  That's -usually- a good sign for continued momentum in the up direction.  We'll see...

I'm not talking about the level of bullishness we are seeing right now, but about the over-the-top level we saw when BTc was at 1200$ and people were going crazy on the forum even for shitty alt coins.

Btw, for people without trading experience you nailed it - for them, its can be a good strategy to buy whenever they have the funds.

Ha ha, ok, makes sense!  :)

EDIT: Is there any chart where you can see past average 24hr volume? Or can you just see the current one in that "Markets" section of bitcoincharts?

Hmm...great question.  If anyone knows if a site that does this they should post it.  I should not have used the word average in the 24hr volume number.  I was getting my info from bitcoincharts as well and was just going by the volume has been in the 7-11k/24hr area most of last week for each site and now it's basically doubled.  Nothing scientific!

Totally agree. If China had stayed in the game, we would be hitting ATHs regularly. But the good news is we are getting ever closer to breaking through $900 again. Once that happens, $1000 will happen very soon after.

What amazes me, is that we are not in a "bull vs bear" usual opposition, but more in a "love vs hate" relationship.
Some people just hate Bitcoin. And this is precisely what makes it real and why I think it is something which will stay around forever.

The next 48 hrs, my guess.

Do we believe we didn't land on the moon either? ;) US Gov. did 9/11?

Bitcoin is what it is.  Difficulty is increasing simple because it's becoming more and more mainstream and people see the potential and are getting into the game.  And of course it has gone from a geek in his basement mining to pools combing power to huge high powered farms.

How about.... now?

Moderators, please close this thread :)

Even quicker than I thought. but everything in bitcoinland happens quicker than I thought :)

Tonight!!! (with any luck)

was the last ATH on Bitstamp 990?

Almost $1100 at gox now

1163

Dropping again - but just more profit taking