The Great Bitcoin Rally of 2016

[Nahl]

day by day the prices has increase since several days ago and the current prices $451 at coindesk and seems yes i do agree with OP the rally has begun and i wish This is not just momentary and till halving bitcoin will reach $600 or above

[1713254865]

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[1713254865]

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[bitcoin carpenter]

Coinbase is leading this rally. 

Probably the most telling sign that this is new money pumping the price, not just traders manipulating it.

[bit1]

day by day the prices has increase since several days ago and the current prices $451 at coindesk and seems yes i do agree with OP the rally has begun and i wish This is not just momentary and till halving bitcoin will reach $600 or above

Really if we watch the price keep in the same levels than Dec 15, However is a good signal especially considering the pressure of the last months over  BTC, So the 2016 Rally must be at least begin in $470-$480 or even $500 as minimum for the most demanding,  Below that is just heating step.

[Zosinburg]

The rally has not started. It is still in the consolidation stage. The rose to $470 and dropped to $440 again.

[richardsNY]

Coinbase is leading this rally. 

Probably the most telling sign that this is new money pumping the price, not just traders manipulating it.

I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market.

[chesthing]

Coinbase is leading this rally.  

Probably the most telling sign that this is new money pumping the price, not just traders manipulating it.

I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market.

This rally was led by Coinbase - the reason I say that it was several dollars higher than all other exchanges for most of this rally. Coinbase is the main way new people buy bitcoins, at least here in the states. It certainly surprised me this happened - and now that they take debit cards for instant purchases we might see more of these rallys as it just got easier to buy - before, you needed a credit card on your account to purchase instantly.

[richardsNY]

Coinbase is leading this rally.  

Probably the most telling sign that this is new money pumping the price, not just traders manipulating it.

I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market.

This rally was led by Coinbase - the reason I say that it was several dollars higher than all other exchanges for most of this rally. Coinbase is the main way new people buy bitcoins, at least here in the states. It certainly surprised me this happened - and now that they take debit cards for instant purchases we might see more of these rallys as it just got easier to buy - before, you needed a credit card on your account to purchase instantly.

I mostly don't look at Coinbase at all, but I will do it from now on. I like the fact that exchanges where people don't expect much from when it comes to leading a price increase, are now surprising people. And the best thing of all is that China wasn't the one leading this time. They were several Dollars behind all the time. I want growth to come from several places around the world and not only from China. And that has happened this time.

[Washika]

In the last halving, the rally happned 10 months after the halving. So the rally could happen in 2017.

[uki]

In the last halving, the rally happned 10 months after the halving. So the rally could happen in 2017.

How come something happening 10 months later can be linked with the price action?
Bitcoin has overall merely 7 years of history, that is 84 months. 10 months is a very long time for Bitcoin.
That way we can claim almost anything, also that bear market that lasted 18 months (2014-15) is a consequence of halving. Why not?!

[Pesovanid]

So far, there is no great rally. The price is trading within a tight range. The whales are still accumulating.

[Zosinburg]

So far, there is no great rally. The price is trading within a tight range. The whales are still accumulating.

When the big whales accumulate enough, they will push the price higher and make great profit from it.

[Superways]

Currently it is not the rally, but the price is ging up and down with a slow speed, and we can notice that within two weeks the price go down to $440 and then start to rise up to $465, (a great benefit for the traders and can earn a big amount as the rise and fall are confirmed), but we hope that the stage of fall will stop sooner and it will start to rise and rise.

[600watt]

this time it is different^TM

[spazzdla]

this time it is different^TM

Dat ascending triangle though mang.

[elux]

this time it is different^TM

New ATH 2016 ^®™

[bit1]

In the last halving, the rally happned 10 months after the halving. So the rally could happen in 2017.

Yes, However is always the possibility of things are different, ie occurs first.

[zimmah]

In the last halving, the rally happned 10 months after the halving. So the rally could happen in 2017.

Yes, However is always the possibility of things are different, ie occurs first.

I expect a rally right now, and a second rally somewhere in 2017 (probably Q1 2017)

if it turns out as predicted, $50000 by march 2017 would be plausible.

[gentlemand]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

[zimmah]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

seems the chinese know pretty damn well about bitcoin

they have $30 trillion to throw at it.

They don't even need 1% of that.

Bitcoin can't stay this cheap forever, there just isn't enough bitcoin for all of us to own 100 bitcoins. something has to give.

Either adoption crawls to a stop or the price goes through the roof (and with through the roof i mean $100,000+)

It's one or the other, there's no other way.

So which do you think it will be?

Signs are hinting at adoption continuing and therefore in my opinion the most likely outcome is that we will see 4 or 5 digits pretty soon.

[angaper]

50k! It is incredible the great enthusiasm that a little rally (only 10% of its previous price) can generate. Tomorrow, when its price returns to $450, this optimism will disappear and everyone will be predicting a drop to $100.