Where are we?

[LFC_Bitcoin]

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

[1715156983]

1715156983

[CoinCidental]

gentlemen ,always be calm
do not let yourselves become weak hands
10k is approaching ,all you have to do is hodl and if someone wants to know how you
you can retire so young ,then tell them  

[tigershark]

gentlemen ,always be calm
do not let yourselves become weak hands
10k is approaching ,all you have to do is hodl and if someone wants to know how you
you can retire so young ,then tell them  

I think $10,000 is definitely possible at some point. However, fluctuation is common with bitcoin so we could see some corrections in price before then.

[d5000]

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

I agree, but the uprun won't be as volatile, too. Liquidity is higher now and it's more difficult to do that crazy price jumps like in 2013. I think we will see some new ATHs still until July, but I disagree with the graph posted by GratisBitcoin that said that we are now sitting at ~300-400 - for me, we're between 700 and 800. We're in the "Greed" phase.

I wouldn't wonder if the ATH for 2017 was just under 2000 USD (~1950-1970). That's where I sure would take profits.

[Denker]

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

I agree, but the uprun won't be as volatile, too. Liquidity is higher now and it's more difficult to do that crazy price jumps like in 2013. I think we will see some new ATHs still until July, but I disagree with the graph posted by GratisBitcoin that said that we are now sitting at ~300-400 - for me, we're between 700 and 800. We're in the "Greed" phase.

I wouldn't wonder if the ATH for 2017 was just under 2000 USD (~1950-1970). That's where I sure would take profits.

Well in terms of the rise it all depends on the circumstences.
Imagine a scenario where will find consenses, SegWit gets activated and all the money from altcoins suddenly fomos into Bitcoin.
This would create a massive bubble! I'm not saying that'll happen but it is one of the possibilities.

For this year aiming $2000 is realistic and not too much. I also agree that this could a be psychological barrier which may need a few attempts to break through. Let's hope for the best!

[Grillo]

first sell off

[wxa7115]

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

While the crash was heavily influenced by Mt Gox you cannot deny the rise in price was heavily influenced by Mt Gox too, this tells me we need to avoid having an exchange that big since they can do anything to the price and then when they eventually fall, they will crash the price of bitcoin.

[richardsNY]

Remember that the big crash we previously witnessed was heavily influenced by what happened at Gox.
The next big correction/crash probably won't be anywhere near as volatile.

While the crash was heavily influenced by Mt Gox you cannot deny the rise in price was heavily influenced by Mt Gox too, this tells me we need to avoid having an exchange that big since they can anything to the price and then when they eventually fall, they will crash the price of bitcoin.

MtGox manipulation was the main reason, but at that time the media was all over the world heavily reporting about Bitcoin breaking through record after record. It resulted in a major interest peak, where people were just yolo buying themselves into Bitcoin in the hope that it would go up to $2000 and far beyond that level. Currently we are having several major exchanges, which is something we can definitely be happy with. It's not a one man's show anymore.

[DrGuns4Hands]

Probably, we are still on the "first sell off" phase. If we want to maneuver the price of bitcoin, we are all need a lot of fiat money. But I ponder bitcoin might not be maneuver by one person only. A large community of course is proficient for moving the outlay of cryptocurrency. Well, in term of the upswing? It all depends on the instances.

[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.

Think I was pretty accurate.