Poll: How high will this current bull run go?

[rebuilder]

sgbett: The 10k crowd is pretty crazy too. How would that happen "in the next few months"?

Even assuming the insane 60% / mo growth rate of the last 30 days keeps up, we'd "only" reach 10k in june. That would be an increase of about 2600%, BTW.

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[RealMalatesta]

sgbett: The 10k crowd is pretty crazy too. How would that happen "in the next few months"?

Even assuming the insane 60% / mo growth rate of the last 30 days keeps up, we'd "only" reach 10k in june. That would be an increase of about 2600%, BTW.

Hm, basically, this could sum up - the halving is scheduled for about this time, isn't it? But I'd be happy if it reaches 2500 by then :-)

[roadbits]

I don't think it will move even another couple of hundreds from here unless some on have a very good reason. Actually we need to worry if it moves so fast. I think maximum another hundred it may go or even less. I have already accumulated few bitcoins so now I will just wait and watch the price movements.

[zimmah]

sgbett: The 10k crowd is pretty crazy too. How would that happen "in the next few months"?

Even assuming the insane 60% / mo growth rate of the last 30 days keeps up, we'd "only" reach 10k in june. That would be an increase of about 2600%, BTW.

2600% increases have happened before i believe, or at least insane % increases have happened.

not impossible and at this rate not even that unlikely.

[frenulum]

Whatever about how high it goes, I'm more concerned about how low will it burst.
FWIW, I'm guessing it will go up around 1200, and burst to around 600.

[BlockEye]

What was the highest rate last year at same month of November? I heard whats happening lately is similar to what happened last year and it peaked at December

[zimmah]

What was the highest rate last year at same month of November? I heard whats happening lately is similar to what happened last year and it peaked at December

dont know exactly but the last 3 days it was 186% in those 3 days alone.

[monbux]

sgbett: The 10k crowd is pretty crazy too. How would that happen "in the next few months"?

Even assuming the insane 60% / mo growth rate of the last 30 days keeps up, we'd "only" reach 10k in june. That would be an increase of about 2600%, BTW.

Honestly, you'd think that is crazy, but people also thought bitcoin going from $50 to $1200 in a couple of months was impossible as well . I am proud to know that with bitcoin, anything can happen.

[Amph]

What was the highest rate last year at same month of November? I heard whats happening lately is similar to what happened last year and it peaked at December

the bubble of 1200 ath, started late in novemeber, not like this one, so comparison cnnot be made directly

but many agree that we are increasing in a similar way

[fearlesscat10]

What was the highest rate last year at same month of November? I heard whats happening lately is similar to what happened last year and it peaked at December

the bubble of 1200 ath, started late in novemeber, not like this one, so comparison cnnot be made directly

but many agree that we are increasing in a similar way

Anyone got ideas on why this is happening again? Sure the situation might seem similar but the reasons behind them seem suspicious.

[abonarea]

I am quite sure that this current speculation will take the price of bitcoin at least 1500 $ and all this will happen before the halving and then there will take place another speculation which should take it at about 10 k bitcoin by the end of next year.

[LMGTFY]

Anyone got ideas on why this is happening again? Sure the situation might seem similar but the reasons behind them seem suspicious.

There's a premium on Chinese exchanges, suggesting that China is driving this. This article has some ideas about what China's up to, but it doesn't mention a relaxation of exchange controls (people can once again deposit CNY direct from their bank to a Chinese exchange). The Chinese exchanges are extremely keen to emphasise that none of this is due to people evading capital controls, which makes me think that it is very important to Chinese exchanges that they not be seen to be helping people evade capital controls...!

I have no idea how high the current run will go. I can see two possible scenarios - (1) it continues into next year, as halving approaches, and we see prices that are orders of magnitude higher than we're used to, before crashing, or (2) in the next month or two there's a crash, before another run up prior to the halving. There are other possibilities, of course, but with peoples' expectations around the halving I think demand will stay high.

[jtalk]

This is not bubble by anyway this is real and long term investment in bitcoin which is caused of recent speculation.Major role is of Chinese investors and this time situation is totally different than 2013 so I can say this wave of rising will stop somewhere around 5000-7000 $ this time.Bitcoin is to be traded in umbtc not as whole Btc in future.

[1Referee]

This is not bubble by anyway this is real and long term investment in bitcoin which is caused of recent speculation.Major role is of Chinese investors and this time situation is totally different than 2013 so I can say this wave of rising will stop somewhere around 5000-7000 $ this time.Bitcoin is to be traded in umbtc not as whole Btc in future.

$5000-$7000 is too high for now. I am already happy if we can see a new ATH next year, and hopefully we stay above $1000 for a long time. There is a long way to go, but all signs look more than good. Bitfinex reached another high of $464.99 just now.

[frank0929]

My guess is 10.000$ all time high before block halving.

Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!

[BitcoinFortune]

My guess is 10.000$ all time high before block halving.

Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!

$10k is only possible after 2020 block halving. At that time, the block halving is not as important as the block reward is relatively small. With 17 million  bitcoin, $10 price increase means $170M market capitalization increase.

[~Bitcoin~]

I have voted for 1000$ mark which seems reasonable as bitcoin has already hit that point in past. But it can even go higher as the past chinese trader are now on their way to buy more and more bitcoin.

[Alley]

My guess is 10.000$ all time high before block halving.

Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!

$10k is only possible after 2020 block halving. At that time, the block halving is not as important as the block reward is relatively small. With 17 million  bitcoin, $10 price increase means $170M market capitalization increase.

I agree.  Selling pressure would be too high with miners dumping 1800 coins after the halving at 10k per coin.  That's 18 million per day in new cash to sustain a 10k coin after the halving.

[ndnh]

One question, why is $10,000 the highest?

My guess is 10.000$ all time high before block halving.

Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!

$10k is only possible after 2020 block halving. At that time, the block halving is not as important as the block reward is relatively small. With 17 million  bitcoin, $10 price increase means $170M market capitalization increase.

I agree.  Selling pressure would be too high with miners dumping 1800 coins after the halving at 10k per coin.  That's 18 million per day in new cash to sustain a 10k coin after the halving.

Miners won't sell much if they think price is going up.

[erre]

Looks like 40% of the pool was already proven wrong