Will BTC reach $600 during the first month of the new year?

[Patatas]

There is a good chance of bitcoin hitting $500+ in december as obviously its Christmas season.Logically we're not really looking at the event but the financial market at this period of the year.People buy stuff during Christmas which increases the demand for the products thereby increasing the prices.

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[ultimatesky]

I do believe $500 is do-able we're not that far away from it.

It seems like bitcoin is slowing down a bit with the increasing, don't think it has to do with something inparticular

[xinzark]

There is a good chance of bitcoin hitting $500+ in december as obviously its Christmas season.Logically we're not really looking at the event but the financial market at this period of the year.People buy stuff during Christmas which increases the demand for the products thereby increasing the prices.

But I guess it can also bring down the bitcoin price
Not everyone purchases Christmas stuffs online. Most goes offline
What if people sell their bitcoin in order to have some cash with them to buy Christmas stuffs. So the sell orders increases and bitcoin value decreases
Nothing can be told about bitcoin 

[harizen]

There is a good chance of bitcoin hitting $500+ in december as obviously its Christmas season.Logically we're not really looking at the event but the financial market at this period of the year.People buy stuff during Christmas which increases the demand for the products thereby increasing the prices.

But I guess it can also bring down the bitcoin price
Not everyone purchases Christmas stuffs online. Most goes offline
What if people sell their bitcoin in order to have some cash with them to buy Christmas stuffs. So the sell orders increases and bitcoin value decreases
Nothing can be told about bitcoin 

No worries. People will still acquired more coins to take advantage of the upcoming halving. If bitcoin will go down at Christmas season, many will attempted to buy. What's the result? The dump volume will be covered by pump volume. So in the end, margin for both is not that large.

[arbitrage001]

Price will hit 500 before year end.

[uki]

there is no option to vote that we will stay below $500. Why? I wanted to vote it.
In my opinion we will stay around $350 for the month of December, with possible touch of $400, but not exceeding that level for the longer spell. we are simply not that close to the halving event to influence the price that much. Other than that I don't see other reasons for the price to go up substantially, at the moment.

[gkv9]

It really seems as an opportunity for Bitcoins to stay above $350, not so sure about $500 to be a stable floor but yes, we might again see that floor being reached once again and maybe, what's more in the bags of upcoming secretive days is known by nobody, so let's just wait and watch the game of whales...

[JayJuanGee]

Op need to change will it hit 500 on december

personalty we can hit it but will it just jump for a moment and then again down we will see

If we hit $500 again so soon, I believe that your prediction will not play out...

think about it.

The first round of $500 on November 4 came very fast, and surely in retrospect we can recognize that because of such speed, the BTC market was oversold and the BTC community was not prepared to be able to sustain such a $500 price point.

Sure it is possible that dumps will occur, but it is far from inevitable that the price movement scenario will play out similar to the scenario during November 4 time frame.

[JayJuanGee]

It is possible that it will reach, if in those than is good.

And then I can't buy, because for me is kinda expensive.

I don't think it will reach the $500.
December is the month of the year where almost everybody is spending money for christmas, vacations and new years evening.
I would be really surprised if it happens.

The consumer world is a hell-a-va lot less related to bitcoin trading and/or speculation than you seem to be making it out to be.

If anything, this is a great time of the year for BTC prices to spike to enormous an exuberant levels... I'm not sure whether BTC prices will comply with such a spike, but various fundamentals seem to be in place for such - in spite of some drop in the bucket seasonal consumption that is simultaneously occurring.

[lexuz]

It really seems as an opportunity for Bitcoins to stay above $350, not so sure about $500 to be a stable floor but yes, we might again see that floor being reached once again and maybe, what's more in the bags of upcoming secretive days is known by nobody, so let's just wait and watch the game of whales...

Yeah we will see again price on the level $500 maybe it seems now we hard to see price above $500 but next year it will be the lowest bitcoin price

[JayJuanGee]

there is no option to vote that we will stay below $500. Why? I wanted to vote it.
In my opinion we will stay around $350 for the month of December, with possible touch of $400, but not exceeding that level for the longer spell. we are simply not that close to the halving event to influence the price that much. Other than that I don't see other reasons for the price to go up substantially, at the moment.

That is a reasonable and very possible outcome, so I agree with you that such possibility could have been described in the poll. 

On the other hand, this thread and its related poll seems to be appealing to our bullish BTC aspirational inclinations, and in that regard, possibly staying in the $300s or even touching upon $400 is not aspirational enough??     

[gkv9]

there is no option to vote that we will stay below $500. Why? I wanted to vote it.
In my opinion we will stay around $350 for the month of December, with possible touch of $400, but not exceeding that level for the longer spell. we are simply not that close to the halving event to influence the price that much. Other than that I don't see other reasons for the price to go up substantially, at the moment.

It might not be close to the event, but the thing we are talking here is about the manipulation of prices we are seeing these days, and not much concerned about these price hikes as it is normal during the period of November-January...
We have all witnessed the price boom & slack of Bitcoins during such months, so whether or not we get any reason behind it, we may see something new everyday here, as each day of these months come up with a big surprise, who knows where will BTC be tomorrow???
Just imagine...

[98problems]

i doubt that it will come somewhere near that price in this month as the price seem to be pretty stable though bitcoin price is unpredictable

[Emersonnets]

i doubt that it will come somewhere near that price in this month as the price seem to be pretty stable though bitcoin price is unpredictable

As you said, it's unpredictable, we're all just speculating here

It doesn't seem impossible to set your hopes for $500 this month, it seems reasonable to me. 

[JayJuanGee]

i doubt that it will come somewhere near that price in this month as the price seem to be pretty stable though bitcoin price is unpredictable

stable???   currently?  


Is that a joke?  

I would have somewhat agreed with you that BTC prices could have been characterized as "somewhat stable" between about February 2015 and late September 2015 (and even that would have been a bit of a stretch of a definition of stable).  

If you have not noticed the past two months plus (and really going back to late August), there has been a bit of a rumbling in the foundations of bitcoin space - and a bit of a price battle with fairly dramatic increases in trade volume - contributing to anything but stable.  

Surely BTC prices could become "stable" in this price territory, but such "stability" seems to be more wishful thinking rather than reality of what is truly going on in bitcoinlandia.

[extrabyte]

A bad dump has started earlier today and i hope that it will not go much down because i have the red color especially when i see it in bitcoin chart, less hope for $500 during december.

[uki]

there is no option to vote that we will stay below $500. Why? I wanted to vote it.
In my opinion we will stay around $350 for the month of December, with possible touch of $400, but not exceeding that level for the longer spell. we are simply not that close to the halving event to influence the price that much. Other than that I don't see other reasons for the price to go up substantially, at the moment.

It might not be close to the event, but the thing we are talking here is about the manipulation of prices we are seeing these days, and not much concerned about these price hikes as it is normal during the period of November-January...
We have all witnessed the price boom & slack of Bitcoins during such months, so whether or not we get any reason behind it, we may see something new everyday here, as each day of these months come up with a big surprise, who knows where will BTC be tomorrow???
Just imagine...

I believe the title of the topic is quite clear, and I expressed my opinion that I don't expect to see $500 again in December. What will happen later that is another story.
Bitcoin is not a seasonal asset yet, in fact there is too little historical data to draw such conclusions at all. To be honest, I am not sure if I understand what you are talking about. To believe that the history repeats this year, just because similar events happened last year (just ONCE!) is not very reasonable thing to do, to say the least.
 

[JayJuanGee]

there is no option to vote that we will stay below $500. Why? I wanted to vote it.
In my opinion we will stay around $350 for the month of December, with possible touch of $400, but not exceeding that level for the longer spell. we are simply not that close to the halving event to influence the price that much. Other than that I don't see other reasons for the price to go up substantially, at the moment.

It might not be close to the event, but the thing we are talking here is about the manipulation of prices we are seeing these days, and not much concerned about these price hikes as it is normal during the period of November-January...
We have all witnessed the price boom & slack of Bitcoins during such months, so whether or not we get any reason behind it, we may see something new everyday here, as each day of these months come up with a big surprise, who knows where will BTC be tomorrow???
Just imagine...

I believe the title of the topic is quite clear, and I expressed my opinion that I don't expect to see $500 again in December. What will happen later that is another story.
Bitcoin is not a seasonal asset yet, in fact there is too little historical data to draw such conclusions at all. To be honest, I am not sure if I understand what you are talking about. To believe that the history repeats this year, just because similar events happened last year (just ONCE!) is not very reasonable thing to do, to say the least.
 

You are correct to predict that possibly bitcoin will not meaningfully progress out of the $300s this month.  however, the more that you write, the more it becomes clear that you do not understand the upside potential of BTC.  

Yes, it is correct that there may be a lot of pressures keeping bitcoin prices down and potentially able to continue to be successful in the relatively short term to keep BTC prices down in the $300s or even possibly sub $300s.

Nonetheless downward pressure and even some people feeling less than enthusiastic about BTC is going to be much too little to keep the upward price momentum and exuberance, once the baby starts moving up and the snowballing begins to occur.. and even a few whales could cause such, if it does not result from a broader grass roots momentum.  

Your characterization of a ballooning of BTC prices as: "just ONCE" also either fails or refuses to adequately account for BTC's history.  


In order to better understand BTC's history, if that is what you are claiming to have described, you better go back more than 2.5 years.  I will give you a hint... BTC started in early 2009... and I believe the first trading for value of BTC came either 2010/2011 time-frame (depending, in part, on how you define trading).

[mixan]

It really seems as an opportunity for Bitcoins to stay above $350, not so sure about $500 to be a stable floor but yes, we might again see that floor being reached once again and maybe, what's more in the bags of upcoming secretive days is known by nobody, so let's just wait and watch the game of whales...

It is far from stable now as I have seen it move from 375 down to 350 and staying at 364~ all day long.
That is a big jump if you ask me and not stable at all. $500 can be stable if the buying is there, just need to reach it then for it to hold for atleast a cycle on all exchanges and not just touch like it did the last time. It was for such a brief moment that it was hardly noticeable on most of the ones that I was watching it's increase on 

[redhack]

It's %50 chance that Bitcoin can see $500 during December. We need good news for that.