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

[Scream]

welcome december
down more more and more .... I doubt we will reach $500 at this month after see only in 2day we down -8%

[harizen]

welcome december
down more more and more .... I doubt we will reach $500 at this month after see only in 2day we down -8%

Well you cant conclude it yet just because of 2 days monitoring and besides that is usual. -8% is jut normal and fine. Remember the movement last 310-340 a weeks ago? Look at the chart and you will see what I mean.

[chesthing]

Price was $318 last fuckin week ffs. The fact it's holding $360 is very bullish for December, but I'm wrong a lot so don't bet the farm on my comments.  
China's back in the game, ANYTHING can happen this month.

[CrimBit]

of course yess
wwe will Hit $500 again wait and see, keep hold your bitcoin

[croato]

$500 is very possibly before Christmas. I dont think this recent correction back to 350ish will go much lower, guess everyone expected little dump right after black Friday and cyber Monday so lot of profit taking is in place.

[Amph]

what is certain at this point is that they will do another rally before Christmas, it is to be seen if it will be storng enough to push the price to 500, even as an unstable value

time to buy for now, reloading and then dump at 400-500 range my estimate

[QuintLeo]

I still expect Bitcoin to see $300 before the end of the year, the fundimentals are still negative overall.

 $500 sometime NEXT year I expect, but probably not 'till May or June - a month or two before the block reward halfing the speculators will get active in buying, drive the price up probably 50-70% or so (I won't be shocked if I'm underestimating the jump), then a month or two after the halfing it will settle back down some but not to what the floor was before the halfing.

 There is ZERO certainty about any "rally before Christmas", I think the last bump was a "pump and dump" not a rally.

 $354 and dropping - yup the "fact" it's holding at $360 was a mirage.

[everaja]

I think the price gonna fall as per present context , price was up this week but could not touch 400$ and gave up at 380+ , I don't think it will touch 500 usd this year.

[azguard]

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.

more it will be in january 2016 when everybody goes out of cash 
no offense to all but like you mentioned we will spend

[hasiramasenju]

i don't know why but i'm quite doubt the bitcoin price will reach to $500 in this december
probably the opportunity will always there but i think it will not be happen in this month

[chaser15]

All this non believers I think will changed their state if bitcoin will pump one of these days lol.

If down for in less than 24 hours, "price will not touch 400 or 500"

If up in less than 24 hours, "yes definitely it will touch 400 or 500"

-snip-

[bitcoin-hunter]

Happening maybe, but it can reach it you never know.

But I just believe it will be around 400 dollars in december.

[boliu]

ummm, same was said about November.  so we have to see.  I hope so.

[CryptoBjorn]

Lets just stop saying number because at the end we will just jinx it and the speculation is not good.
So lets just watch wat will happen.

[SvenBomvolen]

Im a believer! It will rise even more.

[Denker]

I still expect Bitcoin to see $300 before the end of the year, the fundimentals are still negative overall.

 $500 sometime NEXT year I expect, but probably not 'till May or June - a month or two before the block reward halfing the speculators will get active in buying, drive the price up probably 50-70% or so (I won't be shocked if I'm underestimating the jump), then a month or two after the halfing it will settle back down some but not to what the floor was before the halfing.

 There is ZERO certainty about any "rally before Christmas", I think the last bump was a "pump and dump" not a rally.

 $354 and dropping - yup the "fact" it's holding at $360 was a mirage.

Yes $300 or something very close to it is possible. But this would be the absolute bottom imo.
So this could be an great opportunity to increase your BTC stash. See it as kind of a christmas present!

[uki]

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).

I am afraid, you didn't understood what I was trying to say in my post. This thread, as it name says, is aiming at predicting the price of Bitcoin in the short-term, namely by the end of this month. Therefore mixing it with a mid-term, or even longer term discussion, what will happen beyond that in 2016 is a bit out of place. There are relevant threads in speculation forum to follow such discussion.
And one more thing, as I believe you are barking up the wrong tree, the guy whom I was answering suggested he would expect the price to rise in the year end because that happened once in the past. And thus my answer, that it is statistically very little significant to start talking about such 'seasonal' having that little samples.

[NorrisK]

I still expect Bitcoin to see $300 before the end of the year, the fundimentals are still negative overall.

 $500 sometime NEXT year I expect, but probably not 'till May or June - a month or two before the block reward halfing the speculators will get active in buying, drive the price up probably 50-70% or so (I won't be shocked if I'm underestimating the jump), then a month or two after the halfing it will settle back down some but not to what the floor was before the halfing.

 There is ZERO certainty about any "rally before Christmas", I think the last bump was a "pump and dump" not a rally.

 $354 and dropping - yup the "fact" it's holding at $360 was a mirage.

We have already touched 300 again after the last pump. We are clearly moving in the opposite direction again. Therefore, I really don't think you'll get the chance to buy 300 coins again.
We are moving into the new normals guys!

[Hashminers]

We can say it will or maybe it will, but just lets watch if it will happen.

I think it will, but it is hard to reach.

[Zaun]

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.

Yeah maybe you are true they price is now 350 dollar around so yeah I just think it will reach around 400 dollar I think that is a good amount.