Will we ever see BTC over $1,200 again?

[neurotypical]

my crystal ball says 2yrs.

I expect 2015 to give the price a slow recovery (though it might first continue dropping in the coming weeks)

2016, when we'll be nearing the block reward halving should start another bullrun...

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[tokeweed]

I'm thinking something significant will happen to force the price upwards at some point this year and it'll be well on its way upward before most even know what is going on. People have forgotten how insane this market can be when it wants to change.

Hopefully this is the case but we have seen some good news recently that should have raised the price and it is still the stuck, which i might add is not a big deal to me because i have time to get some more end of the month.

I am one who has forgot the insanity that this market can bring i have actually found it quite boring recently. OP i think we will see it again but not any time soon and i believe if it comes it will be legit so will be exciting times.

It could take decades.  Take at the max chart of the Nikkei.  http://finance.yahoo.com/echarts?s=%5En225+interactive#%7B%22range%22%3A%22max%22%2C%22scale%22%3A%22linear%22%7D

Seeing that, it sure is possible BTC could follow the same fate.  

How often do we have a revolutionary design like bitcoin come around though? also as been said before its only going to take a few years for bitcoin to develop to its full potential.  Either way im hodling.

The blockchain is revolutionary, yes.  But this is also the open market and btc is traded in that market.  

By all means, hold.

I fail to say how you can compare that chart with Bitcoins can you explain how you feel that it could share the same fate so that might help me understand what you mean by this? I see nothing that could give you that idea http://en.wikipedia.org/wiki/Nikkei_225

They could not be further apart you can't compare the 2 except they can be brought and sold you may as well plucked up a random graph or is that what you done.

Bitcoin is here for the first time there is nothing you or anyone else can do to sway that, especially someone who asked if that is a good idea to short at 240  
 

You're right.  You know better.  

That example with the Nikkei is given a lot in trend following lectures as it shows that anything is possible in an open market.  So there's certainly that possibility that bitcoin could stay under 300usd for longer than we think.

And do not forget the primary catalyst for btc's surge at the end of 2013 was due to price manipulation via Willybot.

Edit:  And yup, I asked if shorting from 240 is good.  Why...?  Cos it's possible it could go down under 200.

Never said i was right and i know better just that you was wrong there is a big difference.

Of course anything is possible but you don't just pull random graphs from where ever you pulled it from  

Never said we could not stay below 300, i remember why we had the last bubble pump not disputing that or was i, nope.

That is sweet so now it is possible to go below 200 when it was not when it was 300?

That is my point if you was going to ask to short maybe you're asking at the wrong time and should have enough experience to know it would have been a good time a few weeks ago.

Anyway good luck.

To keep on topic i think we will eventually see 1200 and above we just don't know when.

"We don't know when."

Exactly the point of showing you that Nikkei graph.  It's been decades since it saw its peak, and it's even backed by the Japanese economy... a real economy with regulations and big investors.

That said, it is possible that it could take decades before bitcoin can see it's peak of 1200 again.  Why...?  You said it yourself... "To keep on topic i think we will eventually see 1200 and above we just don't know when."

And again let me emphasize...  Bitcoin's surge to 1200 was primarily caused by the Willybot manipulating the price.  That's why it went up so quick.

[bornil267645]

Way the current price rates are showing consistency in terms of keeping a low profile, I am not seeing any high value like that, unless wall street gets a hang of the bitcoin as some of the recent news are suggesting, then we might see some spike.

[johnyj]

Much faster than you can imagine

I have a feeling that when everyone is ready, the next wave will be much larger than the previous two wave.  When daily coin supply becomes less and less, and the capital in the play is getting larger and larger, a fireworks party is approaching

Unlike last two times, the advance was mainly caused by technology advancement, the next wave will be driven by combined mining technology improvement and credit expansion when bitcoin can be mortgaged through ETF

[Lauda]

Much faster than you can imagine

I have a feeling that when everyone is ready, the next wave will be much larger than the previous two wave.  When daily coin supply becomes less and less, and the capital in the play is getting larger and larger, a fireworks party is approaching

Unlike last two times, the advance was mainly caused by technology advancement, the next wave will be driven by combined mining technology improvement and credit expansion when bitcoin can be mortgaged through ETF

Indeed. We should start seeing price movements in late 2015, or early 2016, just before the halving. If the ETF pops up in the meantime, we should definitely see it. Who knows where the price will stop at though. We should just be patient as always.

If yes, when?

Yes.  When Willybot 2.0 is online.

No necessarily. Although that had potential back then, even though we do not know exactly what happened.

[techgeek]

Much faster than you can imagine

I have a feeling that when everyone is ready, the next wave will be much larger than the previous two wave.  When daily coin supply becomes less and less, and the capital in the play is getting larger and larger, a fireworks party is approaching

Unlike last two times, the advance was mainly caused by technology advancement, the next wave will be driven by combined mining technology improvement and credit expansion when bitcoin can be mortgaged through ETF

Indeed. We should start seeing price movements in late 2015, or early 2016, just before the halving. If the ETF pops up in the meantime, we should definitely see it. Who knows where the price will stop at though. We should just be patient as always.

If yes, when?

Yes.  When Willybot 2.0 is online.

No necessarily. Although that had potential back then, even though we do not know exactly what happened.

I say if the ETF doesnt happen, I would see similar to how facebook went public on got more public funds.

It wouldnt be facebook obviously, but I`m referring to companies such as SF location esp silicon valley raising funds then selling out at IPO is old news.

So companies like Coinbase for example, would effect traditional investors thus having more skin in the game for price movement.

or it may not be so public at 1st, it would be in on sites like this https://sharespost.com/private-market-insights/sharespost-100-list/

[tokeweed]

Much faster than you can imagine

I have a feeling that when everyone is ready, the next wave will be much larger than the previous two wave.  When daily coin supply becomes less and less, and the capital in the play is getting larger and larger, a fireworks party is approaching

Unlike last two times, the advance was mainly caused by technology advancement, the next wave will be driven by combined mining technology improvement and credit expansion when bitcoin can be mortgaged through ETF

Indeed. We should start seeing price movements in late 2015, or early 2016, just before the halving. If the ETF pops up in the meantime, we should definitely see it. Who knows where the price will stop at though. We should just be patient as always.

If yes, when?

Yes.  When Willybot 2.0 is online.

No necessarily. Although that had potential back then, even though we do not know exactly what happened.

True.  We do not know exactly.  It's a good idea that we should because there was clearly  price manipulation that went on at the end of 2013.  It was somethng that would set alarm bells if the SEC were regulating cryptos.  

... Not that I would mind it happening again.  . I hope it does.

[Amph]

Yeah, before fixating on huge prices in the future, the first question should be along the lines of "when will Bitcoin stop falling?"

it's not falling anymore, we are at 230 rock solid, we didn't fall back to 180, it just that we retuned to a previous value, i dom't want to call this a fall

we are at 230 for two months now

I will not bet on it. Its at a balance point, but I feel the probability of an upside is less than a fall. Very difficult to say at this point but do not take this staying above 230 for now as a bullish sign.

well what you say it could be true, but i'm confident that we are aiming high now or we are just stuck there at 230, i'm fairly sure that it won't fall back under 200 anymore

i'm starting to think that we need the block halving to have some breath

[tokeweed]

Yeah, before fixating on huge prices in the future, the first question should be along the lines of "when will Bitcoin stop falling?"

it's not falling anymore, we are at 230 rock solid, we didn't fall back to 180, it just that we retuned to a previous value, i dom't want to call this a fall

we are at 230 for two months now

I will not bet on it. Its at a balance point, but I feel the probability of an upside is less than a fall. Very difficult to say at this point but do not take this staying above 230 for now as a bullish sign.

well what you say it could be true, but i'm confident that we are aiming high now or we are just stuck there at 230, i'm fairly sure that it won't fall back under 200 anymore

i'm starting to think that we need the block halving to have some breath

We'll see.  But it doesn't matter what you think will happen because there's a huge chance you can be wrong, no one can predict the market.  The more important thing is knowing what to do when the price reaches a certain level.  Who cares what you think.  Just plan ahead.

[Lauda]

True.  We do not know exactly.  It's a good idea that we should because there was clearly  price manipulation that went on at the end of 2013.  It was somethng that would set alarm bells if the SEC were regulating cryptos.  

... Not that I would mind it happening again.  . I hope it does.

It's all speculation and theory. That's why we should stop acting smart, because we won't know what happened. We should focus on the future, rather than remember the dark times of Mt.Gox.

I say if the ETF doesnt happen, I would see similar to how facebook went public on got more public funds.

It wouldnt be facebook obviously, but I`m referring to companies such as SF location esp silicon valley raising funds then selling out at IPO is old news.
So companies like Coinbase for example, would effect traditional investors thus having more skin in the game for price movement.
or it may not be so public at 1st, it would be in on sites like this https://sharespost.com/private-market-insights/sharespost-100-list/

The price is being manipulated, so nothing should surprise us there. Bitcoin is volatile as ever. The times are hard for bitcoin, with media focusing on the bad, markets being manipulated, the upcoming fork and such. Hopefully everything ends up as supposed to.

[Amph]

Yeah, before fixating on huge prices in the future, the first question should be along the lines of "when will Bitcoin stop falling?"

it's not falling anymore, we are at 230 rock solid, we didn't fall back to 180, it just that we retuned to a previous value, i dom't want to call this a fall

we are at 230 for two months now

I will not bet on it. Its at a balance point, but I feel the probability of an upside is less than a fall. Very difficult to say at this point but do not take this staying above 230 for now as a bullish sign.

well what you say it could be true, but i'm confident that we are aiming high now or we are just stuck there at 230, i'm fairly sure that it won't fall back under 200 anymore

i'm starting to think that we need the block halving to have some breath

We'll see.  But it doesn't matter what you think will happen because there's a huge chance you can be wrong, no one can predict the market.  The more important thing is knowing what to do when the price reaches a certain level.  Who cares what you think.  Just plan ahead.

it's not just "what i'm think" it's about following what it is happened and happening, 230 is holding strong since months already, based on that i have written that claim

better than who just say "hey guy i predict it fall to zero tomorrow, goodbye", that's plain stupid

[foxbitcoin]

I would not be surprised to see it gain even higher than 1200 USD either as a result to a bubble or legitimately, either way seems plausible to me

[uki]

Much faster than you can imagine

I have a feeling that when everyone is ready, the next wave will be much larger than the previous two wave.  When daily coin supply becomes less and less, and the capital in the play is getting larger and larger, a fireworks party is approaching

Unlike last two times, the advance was mainly caused by technology advancement, the next wave will be driven by combined mining technology improvement and credit expansion when bitcoin can be mortgaged through ETF

well, I can agree on the part that the next up wave may take us beyond ATH. But it will take a longer while IMO. I see 2015 as a consolidation and base building. Only if we are close enough to the next halving and have enough positive developments (e.g., ETF), we may start another panic buying (mania) phase. But we are far from there for now.

[moko666]

yes we will before 2016 end

[tokeweed]

True.  We do not know exactly.  It's a good idea that we should because there was clearly  price manipulation that went on at the end of 2013.  It was somethng that would set alarm bells if the SEC were regulating cryptos.  

... Not that I would mind it happening again.  . I hope it does.

It's all speculation and theory. That's why we should stop acting smart, because we won't know what happened. We should focus on the future, rather than remember the dark times of Mt.Gox.

I say if the ETF doesnt happen, I would see similar to how facebook went public on got more public funds.

It wouldnt be facebook obviously, but I`m referring to companies such as SF location esp silicon valley raising funds then selling out at IPO is old news.
So companies like Coinbase for example, would effect traditional investors thus having more skin in the game for price movement.
or it may not be so public at 1st, it would be in on sites like this https://sharespost.com/private-market-insights/sharespost-100-list/

The price is being manipulated, so nothing should surprise us there. Bitcoin is volatile as ever. The times are hard for bitcoin, with media focusing on the bad, markets being manipulated, the upcoming fork and such. Hopefully everything ends up as supposed to.

True.  Just pointing out that a parabolic move late 2013 was manipulated rather than the market finding bitcoin's true value.  The crypto-scene has no regulatory body looking out for it. 

[krigger]

If yes, when?

Today! Check out charts, it is almost there!

[Lauda]

True.  Just pointing out that a parabolic move late 2013 was manipulated rather than the market finding bitcoin's true value.  The crypto-scene has no regulatory body looking out for it. 

Indeed. Although there is no real evidence one could easily say that it was. The spike was just too high. These days nothing surprises me.
I guess the next time we might see less manipulation, if a rise comes. At least we will be producing less Bitcoin after 2016.

[BitcoinNewbie15]

I think bitcoin may one day see over 1200 USD again. Who knows when though.. Maybe in mid 2016?

[Febo]

yes we will before 2016 end

Why you so sure then not after the 2016 end?

[magicmexican]

Who knows. For now it seems that this bear market is nowhere near its end. More than likely it will go below 200$ once again this year and stay there for a decent period of time.