Is BTC going permanently over 500$ in december 2015?

[BitNerd]

So...

[Shibashi Nikamoto]

maybe not permanently, but we are heading to 500 and above in 1 or two weeks, at most

[TReano]

nobody can tell you that...

Price is purely speculation on the future value/demand of bitcoin not the current value as it for every trading asset.
If it would be clear that BTC would stay above 500$ we would already be at 1000$ or even much higher. Market is pricing in every piece of information at any time.
Hell we have to break 500$ before we can talk about staying above it longer term....


You have to keep in mind how small Bitcoin is comparing it to other market caps in this world.

Bitcoin can currently be compared to Candy Crush as it was bought for 5.9 Billion $....

[BitNerd]

Can bitcoin be compared to candycrush? One is an IP, the other is a non-inflationary currency (at least will have nearly zero inflation soon). I don´t think one thing has anything to do with the other.

And I do think prices can be predicted, although not with certainty. I study austrian economics, praxeology, etc. If fiat money inflates a lot and is controlled by the state, of course its value will tend to fall. If a currency has limited to no inflation and is not controlled by anyone, its price will tend to rise.

[acroman08]

maybe the will rise above $500 but i cant say it will remain there permanently, as you can see bitcoin price
has been fluctuating from $410-470 this fast few days it may take a week or more to rise above $500 but the fluctuation
will still be there, but hopefully the price will still keep rising.

[Amph]

not sure, many was thinking that 600+ was rock solid when we were at 1200, but we increase too damn fast at that time, this time seems more steady and more slowly, which translate in more rock solid

but still 500 does not look as rock solid as 230(the most rock solid until now) or 300(the second most one), 300-500 range was achieved much faster...

[jt byte]

For the moment 500 seems to be very likely with just 11 days left.
But getting back to 300 is also likely. It would make some people very very rich. It is like they will be giving themself a very generous christmas present..

[rally]

Don't think so .
Maybe the price will stil go a little bit up at the end of the year, but 500 will be too high i think.
But you never know if people go christmas shopping and absolutely want to possess some more BTC and begin te buy. Let's hope so.

[Zadicar]

For the moment 500 seems to be very likely with just 11 days left.
But getting back to 300 is also likely. It would make some people very very rich. It is like they will be giving themself a very generous christmas present..

Yes. It is unlikely for bitcoin price to be over $500 for ever. It might come back to below $500 again in the near future.

[zoinky]

Consolidating 500-1000 for the first few months of 2016 looks possible.

[jt byte]

For the moment 500 seems to be very likely with just 11 days left.
But getting back to 300 is also likely. It would make some people very very rich. It is like they will be giving themself a very generous christmas present..

Yes. It is unlikely for bitcoin price to be over $500 for ever. It might come back to below $500 again in the near future.

Thanks for acknowledging this. Too many people don't see the hype and can't see through the ultimate scheme. I am not negative on a price rise, but just being realistic about this price rise. For me it is no realistic that the current level will be maintained for the long term.

[helloeverybody]

It will be a  while yet untill we keep consistantly above $500. Some day though  Hopefully sooner rather than later.

[LFC_Bitcoin]

I hope so, if we could stabilise in the 500's just as we get towards the halving then we could get a nice surprise

[TheNebula]

With the right amount of money anything can be manipulated so no it cannot permanently stay at that price!

[HarryKPeters]

500? what happend to 400 USD. If we have a stable low at 400 it has been tremendous yaer for bitcoin.
For that matter I like any value above 350, which would mean the price has increased over 50% in 2015

[randy8777]

never expect a price to permanently stay above a certain price level. no matter how strong different price levels may look, whales can easily crush the "strong" buy support within 2 seconds, and force the price down to levels that may make some traders very sad.

[HarryKPeters]

never expect a price to permanently stay above a certain price level. no matter how strong different price levels may look, whales can easily crush the "strong" buy support within 2 seconds, and force the price down to levels that may make some traders very sad.

I think what TO means if we have found a new low at 500. And no I don't think that. For me the low is still somewhere around the 300 usd value.
If we are still at 420 in january then yes it is safe to say the low has moved up to 400.

[NorrisK]

500? what happend to 400 USD. If we have a stable low at 400 it has been tremendous yaer for bitcoin.
For that matter I like any value above 350, which would mean the price has increased over 50% in 2015

Agreeing with you here. Finding a good bottom at 400 should be the first thing to look for before even thinking about 500.
200 was definately the bottom and 300 seems to be the first real safe number after that. This rise alone is already more than most other investments would ever get you.

[randy8777]

never expect a price to permanently stay above a certain price level. no matter how strong different price levels may look, whales can easily crush the "strong" buy support within 2 seconds, and force the price down to levels that may make some traders very sad.

I think what TO means if we have found a new low at 500. And no I don't think that. For me the low is still somewhere around the 300 usd value.
If we are still at 420 in january then yes it is safe to say the low has moved up to 400.

i don't take any price serious untill we have seen the block halving has been completed. untill that, each price can get dumped to the ground or pumped sky high. even if we go to $550 i think we still can fall back to around ~$370. some whale traders are enjoying what they do with the price. one day it looks like the price is about to explode, and the other day it looks like it will get dumped to the ground.

[InvoKing]

Nope. The price will not go permanently over 500$ in December 2015, imo the price will reach 500$ at the end of the year but in January we will see it drop below 500$ then recover...etc until the halving.