Where are we?

[n0ne]

If we break 1000 and then make it into the news expect a top around between 1300-2500

1300-2500$ looks a difficult price to reach in a short time period. This time breaking of $1000 might take place due to the increased use and rotational cycle of bitcoin among traders and users because of panic selling will help break the barrier else $950 will be the maximum peak now.

[1715293582]

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[1715293582]

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[CoinCidental]

If we break 1000 and then make it into the news expect a top around between 1300-2500

Precisely!

Breaking $1k would make the mainstream news and likely cause a snowball effect of new money coming into bitcoin
a feeding frenzy that would surely take us to a new ATH ....

[ArdiPrabowo]

in 2013 bitcoin price in the highest price until reach 1000 dollar/bitcoin
this now bitcoin price run to 1000 dollar gan, in the highest price
after bitcoin price reach 1000 dollar/bitcoin can down again

[mrcash02]

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

Hmm, using this graphic picture as reference, I would say we are in the "Mania Phase", at the beginning of this phase or at the end of "Awareness Phase". BTC doesn't have media attention yet (only alternative medias on the internet), there isn't much public adoption (few people in the world use BTC yet), if things continue this way, many more people will have interest on the coin, making us reach to the "Enthusiasm" event. Considering this, Bitcoin has a prosperous future yet, we are just starting, in my opinon, we are safe for now. 

[error08]

The current situation is starting to feel a lot like the big run up in nov/dec 2013. But where are we at right now?

Hmm, using this graphic picture as reference, I would say we are in the "Mania Phase", at the beginning of this phase or at the end of "Awareness Phase". BTC doesn't have media attention yet (only alternative medias on the internet), there isn't much public adoption (few people in the world use BTC yet), if things continue this way, many more people will have interest on the coin, making us reach to the "Enthusiasm" event. Considering this, Bitcoin has a prosperous future yet, we are just starting, in my opinon, we are safe for now.  

It's too early, I thought we still at Awareness phase where institutional investors and several region public users are joining in.
If we get media attention (not only alternative media), that would be in the next 2-3 years when the price has set stable price at least at $2000 and not drop back (fluctuate is normal). We are heading to bear trap which many, many users already intended to sell out when the price hit $1k point.

[angaper]

I can see a certain level of enthusiasm,  especially in newcomers. But of course old bitcoiners still keep in mind the events of November-December 2013 and are much more cautious than new bitcoiners. Even I could say that serious bitcoiners don't have too great expectations about a definitive pump to sky.

[The Sceptical Chymist]

Garrhhhh!!!  We don't have to be anywhere on that little infograph.  But I don't know if institutional money is coming in or has already started to come in.  I don't think so, because we'd be at a much higher price than we're at now.  Bitcoin is still only like a $12bn market, which is nothing in the world of finance. 

I'm not saying that graph doesn't represent markets, but if it did, we'd be past the bubble stage.  We got through that and rebounded nicely.  I'm hoping we're not entering another bubble. 

[Wipro]

I can see a certain level of enthusiasm,  especially in newcomers. But of course old bitcoiners still keep in mind the events of November-December 2013 and are much more cautious than new bitcoiners. Even I could say that serious bitcoiners don't have too great expectations about a definitive pump to sky.

Lol, yes. Still price value of the Bitcoin moving with the continuous pump from last to now. In between we had halving pump which pushed Bitcoin value more than 50% percent. Now price moving up for Christmas pump.

[pooya87]

again another topic comparing bitcoin of 2016 with bitcoin of 2013 :|
things are nothing like 2013, if they were, price would have been $3000 by now and not struggling at $870 price.
if back then there were 10 whales not there are 100

[PokerFace3]

things are nothing like 2013

Yes there are many significant differences for current rally from 2013. In my understanding 2013 was a pure pump but now it seems prices are moving with reason like with strong adoptions. A steady raise is always a preferred one and that is alone happening right now.

if back then there were 10 whales not there are 100

But in my understanding the number of whales will get diminished over time as only early massive adopters might be classified as whales. Massive adoptions with current price levels will not be possible for many people.

[CoinCidental]

things are nothing like 2013

Yes there are many significant differences for current rally from 2013. In my understanding 2013 was a pure pump but now it seems prices are moving with reason like with strong adoptions. A steady raise is always a preferred one and that is alone happening right now.

if back then there were 10 whales not there are 100

But in my understanding the number of whales will get diminished over time as only early massive adopters might be classified as whales. Massive adoptions with current price levels will not be possible for many people.

a million dollars isnt much to some people and it can still buy well over 1000 btc so yes ,people can still become whales fairly easily .......provided theyre already wealthy in fiat its easy

[memii]

again another topic comparing bitcoin of 2016 with bitcoin of 2013 :|
things are nothing like 2013, if they were, price would have been $3000 by now and not struggling at $870 price.
if back then there were 10 whales not there are 100

Now conditions are totally different this time it moving with strong growth and have wider adoptions around the world with good media attention. Agreed with you it's not fair to make compare things with 2013 for this growth.

[Red-Apple]

i had to double check the date of this topic to make sure it was created recently

dude you are more than a year late to post this image and say "where we are!" because the peek is the $1200 and the despair is the $200 and more than a year has past since we were at that point. and in all that time until now we are on a very nice and stable price rise.

[alyssa85]

We are at "Return to mean". We haven't started a new cycle yet because the media are ignoring bitcoin's recent rise.

[equator]

things are nothing like 2013

Yes there are many significant differences for current rally from 2013. In my understanding 2013 was a pure pump but now it seems prices are moving with reason like with strong adoptions. A steady raise is always a preferred one and that is alone happening right now.

if back then there were 10 whales not there are 100

But in my understanding the number of whales will get diminished over time as only early massive adopters might be classified as whales. Massive adoptions with current price levels will not be possible for many people.

a million dollars isnt much to some people and it can still buy well over 1000 btc so yes ,people can still become whales fairly easily .......provided theyre already wealthy in fiat its easy

It is true that fiat wealthy person can buy more bitcoins and become whale in bitcoin also and even can manipulate the price, and the same what i thought of sentiment price of $1000 not reaching due to fear from low traders of who started to take profit from $940 itself and now the price is roaming in $880 range.

[iqlimasyadiqa]

things are nothing like 2013

Yes there are many significant differences for current rally from 2013. In my understanding 2013 was a pure pump but now it seems prices are moving with reason like with strong adoptions. A steady raise is always a preferred one and that is alone happening right now.

if back then there were 10 whales not there are 100

But in my understanding the number of whales will get diminished over time as only early massive adopters might be classified as whales. Massive adoptions with current price levels will not be possible for many people.

a million dollars isnt much to some people and it can still buy well over 1000 btc so yes ,people can still become whales fairly easily .......provided theyre already wealthy in fiat its easy

It is true that fiat wealthy person can buy more bitcoins and become whale in bitcoin also and even can manipulate the price, and the same what i thought of sentiment price of $1000 not reaching due to fear from low traders of who started to take profit from $940 itself and now the price is roaming in $880 range.

if we want to manipulate the price of bitcoin, we need a lot of fiat money. I think bitcoin might not be manipulated by one person only. bitcoin move for their manipulation of the user community bitcoin. a large community of course is able to moving the price of bitcoin.

[thebitcoingirl]

probably we are still on the "first sell off" phase.. or most probably we have just finished it..

[Ayers]

if there was a price correction phase, then we are there, not sure in that graph where we are exactly, but the price is indeed finding its place now, i would wait for now to see how the situation will go before making another move, the market is stabilizing for me

[GratisBitcoin]

http://www.gratisbitco.in/we-are-here.jpg

April 2013 high was at approx. $250
Dec 2013 high was at approx. $1150

So that's an increase from top to top of 460%.

If the next bubble pops at 460% of the last top, we will see a top of $5290 a bitcoin.

[GratisBitcoin]

http://www.gratisbitco.in/we-are-here2.jpg

We're not even half way up yet!