BIG bullish indicator as we enter 2016...

[uki]

If they spent so much in a Bitcoin mining farm, then they must have a good reason to believe the price will increase, and I think they have more information than we.

So I think it is bullish, but not because of the rise itself

it may be also purely speculation story. The investment may already bring the return with the rise to $500-600, taking into account the scale. No need to attack higher if you may cash the profits there, then drive down the price to $350-400 and repeat the procedure.

[helloeverybody]

I think the days of insane price rises are over, seems bitcoin is taking much slower movements now, I know it can still be quite volatile but nothing compared to what its been like in the past. thats how it should be .

[Amph]

1000 is not impossible in ky book

It is not impossible but it will take years to get there unless some big event happens to have this happening.
Then it will rise and continue to rise to the moon some say. But this is my pure speculation of course.

years just for 1k? no way, 1k is nothing, it can be achieved this year, with the halving easily

they said that 500 would take years to reach when we were at 230, see now we touched it plenty of times this year alone, same thing will happen for 1k

[uki]

years just for 1k? no way, 1k is nothing, it can be achieved this year, with the halving easily

they said that 500 would take years to reach when we were at 230, see now we touched it plenty of time this year alone, same thign will hapen for 1k

It depends on how adoption improves in 2016. I doubt that with the adoption as it is now and only due to halving we would go to $1k.
This is not gonna happen unless really big news hits the market. I am not saying it is impossible, but let's see how this year unfolds.

[disclaimer201]

years just for 1k? no way, 1k is nothing, it can be achieved this year, with the halving easily

they said that 500 would take years to reach when we were at 230, see now we touched it plenty of time this year alone, same thign will hapen for 1k

It depends on how adoption improves in 2016. I doubt that with the adoption as it is now and only due to halving we would go to $1k.
This is not gonna happen unless really big news hits the market. I am not saying it is impossible, but let's see how this year unfolds.

I fully agree. One thing we need to consider though is the greed and publicity, a dynamic that will kick in short before the reward halving. We will see many more news reports and we should not underestimate the greed of people who never took BTC seriously before but start to believe in its potential to make quick cash due to the promise of halving. You and me know the halving will not change how many bitcoins will be available over night. Unless demand goes up there will still be 15 million coins out there to trade. It will take many months or even years before the halving will have any effect on the (slightly reduced but still larger) supply. It's all psychological. If many more people realize this, there will be no ATH anytime soon.

[Amph]

years just for 1k? no way, 1k is nothing, it can be achieved this year, with the halving easily

they said that 500 would take years to reach when we were at 230, see now we touched it plenty of time this year alone, same thign will hapen for 1k

It depends on how adoption improves in 2016. I doubt that with the adoption as it is now and only due to halving we would go to $1k.
This is not gonna happen unless really big news hits the market. I am not saying it is impossible, but let's see how this year unfolds.

but you see 2015 in the end brought to us a nice 100%, increase why 2016 should not do the same when there are better proposals, a better sentiment overall(out of the bear market) and the halving is coming

if anything it should be more easy in 2016 to do another 100% than it was in 2015, with the bad sentiment

i'm not saying that this will happen in january, but we have 12 months for that it will certainly happen before december

[uki]

years just for 1k? no way, 1k is nothing, it can be achieved this year, with the halving easily

they said that 500 would take years to reach when we were at 230, see now we touched it plenty of time this year alone, same thign will hapen for 1k

It depends on how adoption improves in 2016. I doubt that with the adoption as it is now and only due to halving we would go to $1k.
This is not gonna happen unless really big news hits the market. I am not saying it is impossible, but let's see how this year unfolds.

but you see 2015 in the end brought to us a nice 100%, increase why 2016 should not do the same when there are better proposals, a better sentiment overall(out of the bear market) and the halving is coming

if anything it should be more easy in 2016 to do another 100% than it was in 2015, with the bad sentiment

i'm not saying that this will happen in january, but we have 12 months for that it will certainly happen before december

2015 was in the end a very positive year reversing the 18 month long bear trend. That was great feat, no doubt about it.
The bear was long and moved the market into a very low levels, from which we rebounded. That was achieving a good increase in the yearly view was relatively easy.
Now however, I expect the things to be a bit more difficult. If we are to achieve a similar growth next year, we need to get some further reasons to sustain it.
I doubt the change in the sentiment (motivated mostly by the approaching halving event) would be enough for that.

[n2004al]

Difficulty reached a new high with biggest ever increase. Bitcoin price can only go in one direction in the medium term.

https://blockchain.info/charts/difficulty?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

The most devastating factor for the mining and the miners. Halving is nothing compared to the difficulty. Something that cannot be predicted never make every kind of investment made in  this field or work seems like gambling. Or better, every kind of use of money in this field or work is for sure gambling. Who don't want to understand this mean that don't want or don't know to reasoning. Fortunately that are people who like gambling (first time that I not only don't attack the gambling but want and incite the contrary), who have not to many knowledge about it or are effected by the beauty of mining, otherwise who will mine would be only the owners of the pools.

[Gotottack]

years just for 1k? no way, 1k is nothing, it can be achieved this year, with the halving easily

they said that 500 would take years to reach when we were at 230, see now we touched it plenty of time this year alone, same thign will hapen for 1k

It depends on how adoption improves in 2016. I doubt that with the adoption as it is now and only due to halving we would go to $1k.
This is not gonna happen unless really big news hits the market. I am not saying it is impossible, but let's see how this year unfolds.

but you see 2015 in the end brought to us a nice 100%, increase why 2016 should not do the same when there are better proposals, a better sentiment overall(out of the bear market) and the halving is coming

if anything it should be more easy in 2016 to do another 100% than it was in 2015, with the bad sentiment

i'm not saying that this will happen in january, but we have 12 months for that it will certainly happen before december

2015 was in the end a very positive year reversing the 18 month long bear trend. That was great feat, no doubt about it.
The bear was long and moved the market into a very low levels, from which we rebounded. That was achieving a good increase in the yearly view was relatively easy.
Now however, I expect the things to be a bit more difficult. If we are to achieve a similar growth next year, we need to get some further reasons to sustain it.
I doubt the change in the sentiment (motivated mostly by the approaching halving event) would be enough for that.

I had the similar feeling. But Mike Hearn's comment drove the price down 20%. The bitcoin market is not mature. We also need to iimprove bitcoin further.

[Amph]

years just for 1k? no way, 1k is nothing, it can be achieved this year, with the halving easily

they said that 500 would take years to reach when we were at 230, see now we touched it plenty of time this year alone, same thign will hapen for 1k

It depends on how adoption improves in 2016. I doubt that with the adoption as it is now and only due to halving we would go to $1k.
This is not gonna happen unless really big news hits the market. I am not saying it is impossible, but let's see how this year unfolds.

but you see 2015 in the end brought to us a nice 100%, increase why 2016 should not do the same when there are better proposals, a better sentiment overall(out of the bear market) and the halving is coming

if anything it should be more easy in 2016 to do another 100% than it was in 2015, with the bad sentiment

i'm not saying that this will happen in january, but we have 12 months for that it will certainly happen before december

2015 was in the end a very positive year reversing the 18 month long bear trend. That was great feat, no doubt about it.
The bear was long and moved the market into a very low levels, from which we rebounded. That was achieving a good increase in the yearly view was relatively easy.
Now however, I expect the things to be a bit more difficult. If we are to achieve a similar growth next year, we need to get some further reasons to sustain it.
I doubt the change in the sentiment (motivated mostly by the approaching halving event) would be enough for that.

I had the similar feeling. But Mike Hearn's comment drove the price down 20%. The bitcoin market is not mature. We also need to iimprove bitcoin further.

it's not mike hearn that did it, those are manipulater that take advantage of bad news to instigate a panic sell, simple as that

you can see instead that the market is still too young to not being easily manipulated

[Cryptology]

Bitcoin's market capitalization is currently around 6 billion USD. That looks like a lot but it is not. It is roughly the same as the average market cap for stocks in the Dow Jones index so it can be easily manipulated. Furthermore not being a regulated market it is certainly more exposed to all sort of deceptive and manipulative techniques some of which would be considered outright criminal activity in financial markets. In any case best think is to focus on fundamentals which continue to be bullish. Mining power continues to flock to the Bitcoin network so this dip is a nice opportunity to pile up some more coins.

https://bitcoinwisdom.com/bitcoin/difficulty

[Cryptology]

And we have this one too -> https://www.cryptocoinsnews.com/bitcoin-mining-rate-sets-new-milestone-ignoring-bitcoin-gloom/

[Cryptology]

+7% incoming... -> https://bitcoinwisdom.com/bitcoin/difficulty.

16th consecutive increase in difficulty.

So who said Bitcoin is dead?

[Gotottack]

And we have this one too -> https://www.cryptocoinsnews.com/bitcoin-mining-rate-sets-new-milestone-ignoring-bitcoin-gloom/

That implies that the miners are confident that the price of bitcoin will rise so they invest a lot of money in the bitcoin.

[equator]

And we have this one too -> https://www.cryptocoinsnews.com/bitcoin-mining-rate-sets-new-milestone-ignoring-bitcoin-gloom/

That implies that the miners are confident that the price of bitcoin will rise so they invest a lot of money in the bitcoin.

But i think right now the market is in the mood of correction last the bitcoin reached the low of $370 and now everyone is telling that bitcoin has got two support level on crash one is $350 and last is $320 if the last support is broke we can see the panic selling till $250

[Cryptology]

And we have this one too -> https://www.cryptocoinsnews.com/bitcoin-mining-rate-sets-new-milestone-ignoring-bitcoin-gloom/

That implies that the miners are confident that the price of bitcoin will rise so they invest a lot of money in the bitcoin.

Correct. But it also implies that there is more money invested in equipment that can do no other useful thing other than mining bitcoins and consequently the network is more secure and more valuable. Price follows value in the long run.