Holy crap heading past $1,000 !!!

[thejaytiesto]

Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.

[notme]

Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.

Actually, if you already have the bitcoin the higher we go the easier it would be to dump the price.  It becomes harder in fiat terms, but easier for a fixed amount of bitcoin.

[btcmerich]

Hold on tight  it seems we will reach 1k within 24 hours if not sooner

[European Central Bank]

Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.

Huh? Not much has changed since the 3 to 400s in terms of adoption. Probably the same number of people control the same amount of coins. There ain't any new exchanges and volumes are down compared to the past. It would be super easy to crash it and it can happen any time.

It'll take a fundamental change in the amount of people participating and who they are to make it less vulnerable to a small number of people having an outsized effect.

[Searing]

Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.

Huh? Not much has changed since the 3 to 400s in terms of adoption. Probably the same number of people control the same amount of coins. There ain't any new exchanges and volumes are down compared to the past. It would be super easy to crash it and it can happen any time.

It'll take a fundamental change in the amount of people participating and who they are to make it less vulnerable to a small number of people having an outsized effect.

Unless the volume is new folk. Like China, Venezuela, India, most original before the surge
could just be sitting on sidelines holding. That imho would be same effect and would be
a lot more desirable.

Makes more sense then a bunch of low volume previous to this that held saying ,hey let's pump the price and hold more

ie the 'pie' is a getting bigger and bigger imho leading to FOMO and new adopters, or so I hope

[CoinCidental]

Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.

Huh? Not much has changed since the 3 to 400s in terms of adoption. Probably the same number of people control the same amount of coins. There ain't any new exchanges and volumes are down compared to the past. It would be super easy to crash it and it can happen any time.

It'll take a fundamental change in the amount of people participating and who they are to make it less vulnerable to a small number of people having an outsized effect.

Unless the volume is new folk. Like China, Venezuela, India, most original before the surge
could just be sitting on sidelines holding. That imho would be same effect and would be
a lot more desirable.

Makes more sense then a bunch of low volume previous to this that held saying ,hey let's pump the price and hold more

ie the 'pie' is a getting bigger and bigger imho leading to FOMO and new adopters, or so I hope

Adoption will boom as we break the 1k marker but let's not forget 1136,the price of 1 Oz of gold

After that gets in the news, it's time for moonboots and gentlemen memes!

[pooya87]

Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.

Huh? Not much has changed since the 3 to 400s in terms of adoption. Probably the same number of people control the same amount of coins. There ain't any new exchanges and volumes are down compared to the past. It would be super easy to crash it and it can happen any time.

It'll take a fundamental change in the amount of people participating and who they are to make it less vulnerable to a small number of people having an outsized effect.

every time price goes up media goes crazy and those who were sitting on the side lines or didn't even know about bitcoin find out about the rise then they start investing. and each time price goes higher and new people look at the charts and see the consistent rise over 2 years from $200 to $900 they start investing and media goes more crazy and then new services start accepting bitcoin and more adoption happened after that too.

yeah, not all of this rise is because of adoption. and mostly is because of speculation and halving and other good news all around but as i said rise on its own makes adoption happen.

[Redrose]

Keep calm my friend. We're still not there and we might never because 1000$ is some sort of milestone, and I guess that the resistance will be very high at that point. I can't imagine how much people have set their sell point to 1000$ because it is a symbol.

I'm definitelt with you on this, but don't forget what BTCC boss has said about the price to break through the current all time high in 2017. Usually I ignore such predictions, but this coming from a person that influential is giving it a ton of extra weight. Also take in mind that BTCC is now leading in terms of trading volume. We have some interesting times ahead of us...

BTCC boss ? You mean theymos ? I prefer BTCT for Bitcointalk. I doubt about that statement, because I'm still convinced that where we stand now is a spike and that it will come down back. I hope I'm wrong and that this rise will be sustained, but I frankly doubt about it.

[1Referee]

Keep calm my friend. We're still not there and we might never because 1000$ is some sort of milestone, and I guess that the resistance will be very high at that point. I can't imagine how much people have set their sell point to 1000$ because it is a symbol.

I'm definitelt with you on this, but don't forget what BTCC boss has said about the price to break through the current all time high in 2017. Usually I ignore such predictions, but this coming from a person that influential is giving it a ton of extra weight. Also take in mind that BTCC is now leading in terms of trading volume. We have some interesting times ahead of us...

BTCC boss ? You mean theymos ? I prefer BTCT for Bitcointalk. I doubt about that statement, because I'm still convinced that where we stand now is a spike and that it will come down back. I hope I'm wrong and that this rise will be sustained, but I frankly doubt about it.

BTCC = BTCChina exchange, and the big man there is Bobby Lee. Of course, at some point we will definitely see a decent correction, but at this point the sentiment and momentum are in ultra good condition. If we happen to go through a correction at the early part of 2017, we'll definitely be able to continue the current bull run a few months after that. That's of course assuming nothing bad happens as was the case with Bitfinex months ago.

[Redrose]

Keep calm my friend. We're still not there and we might never because 1000$ is some sort of milestone, and I guess that the resistance will be very high at that point. I can't imagine how much people have set their sell point to 1000$ because it is a symbol.

I'm definitelt with you on this, but don't forget what BTCC boss has said about the price to break through the current all time high in 2017. Usually I ignore such predictions, but this coming from a person that influential is giving it a ton of extra weight. Also take in mind that BTCC is now leading in terms of trading volume. We have some interesting times ahead of us...

BTCC boss ? You mean theymos ? I prefer BTCT for Bitcointalk. I doubt about that statement, because I'm still convinced that where we stand now is a spike and that it will come down back. I hope I'm wrong and that this rise will be sustained, but I frankly doubt about it.

BTCC = BTCChina exchange, and the big man there is Bobby Lee. Of course, at some point we will definitely see a decent correction, but at this point the sentiment and momentum are in ultra good condition. If we happen to go through a correction at the early part of 2017, we'll definitely be able to continue the current bull run a few months after that. That's of course assuming nothing bad happens as was the case with Bitfinex months ago.

Oh ok, my bad. So a lot less important person for sure. You know, the price does not only fall when something wrong happens. The market is totally unpredictable, so even if all the lights are green, we might have a big hard dump. That's even a nearly-exact consequence when there is such an increase in price in a such little timespan.

[Ultrasound]

Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.

15 billion market cap is still much smaller than the google or microsoft. The price of bitcoin will still be volatile.

[NeuroticFish]

While the price will continue to rise on such rate, many will invest, fearing to not miss another train.
The media is always attracted by the too big changes, so it will help advertising.
I feel like in the pre-dox months when Bitcoin used to rise and rise, like it would be unstoppable. Those were my first months in crypto world, media made me too come back then.

[Redrose]

Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.

15 billion market cap is still much smaller than the google or microsoft. The price of bitcoin will still be volatile.

Talking about the marketcap is totally useless when we talk here about a technology. That's more the combinated value of all the bitcoins rather than a marketcap. There's even people talking about the "marketcap" of gold... Thinking in marketcap has no purpose I think, and comparing it to big technological companies that has an inflated marketcap is also not a very good idea because it has no utility.

[Searing]

While the price will continue to rise on such rate, many will invest, fearing to not miss another train.
The media is always attracted by the too big changes, so it will help advertising.
I feel like in the pre-dox months when Bitcoin used to rise and rise, like it would be unstoppable. Those were my first months in crypto world, media made me too come back then.

The media is also driven by FUD.....the more FUD the spread about 'evil BTC' the more money they make. (Those who did not get in early or buy that it is a scam/ponzi...love the
scent of failure)

Thus I expect some FUD popping up here soon. Some of it will be just noise....but it will probably cool the hype a bit on newbies getting in.

Stuff like

1) China Banning BTC ..they likely will make a big noise and try to...but as most of the exchanges are out of the country that probably won't work well. Unless
they ban BTC mining in China..that is not gonna happen..but it would be the kind of press FUD frenzy that would carry on for 4-6 weeks till it petered out.

2) Trump administration doing the same as the above. They are already saying they want to get rid of 'net neutrality' so the big boys can get more bandwidth than
the rest of us..possible..same result as China actions...but lots of noise and FUD to sell papers and get eyeballs to your site.

3) The usual some other coin is gonna surpass BTC in that the block size debate etc..no one in charge argument that crops up every 6 months in a FUD stream

So it all depends...is the use as a store of value and moving income around w/o government and banks in the way and such enough to blow past this stuff
or will (for a while ) btc do the usual 'sideways shuffle' in price...when the FUD hits the fan...it is coming....may not have any effect at all...but a lot of people
hate BTC and its very concept...and most of them have the $$$ to try to get their way...imho it is like trying to nail down jello..but heck if you need a hobby.

Anyway figure not much will come from all this FUD and hand wringing etc....but again it could moot price in a sideways manner again for bit in stops and starts

so hold is what I'm gonna do ...(this too shall pass if it comes as I expect it too...FUD how to cope when you missed out on whatever)

my 2 satoshi's worth

[mcfom]

Current rise of price is looking very solid this time much close to pass the $1.000 at any moment. Waiting to see when this happen with this trend price is moving up and up.

[1Referee]

Oh ok, my bad. So a lot less important person for sure. You know, the price does not only fall when something wrong happens. The market is totally unpredictable, so even if all the lights are green, we might have a big hard dump. That's even a nearly-exact consequence when there is such an increase in price in a such little timespan.

I wouldn't call Bobby Lee a lot less important as he is a very influential person in the Bitcoin world. Especially when you consider that BTCC is at this point, according to their daily volumes, the largest Bitcoin exchange in the world. On top of that is their pool BTCC Pool good for 10% of the total network power. He can very well estimate what might happen since he has access to all information whales here would be more than happy to know.

[Redrose]

Oh ok, my bad. So a lot less important person for sure. You know, the price does not only fall when something wrong happens. The market is totally unpredictable, so even if all the lights are green, we might have a big hard dump. That's even a nearly-exact consequence when there is such an increase in price in a such little timespan.

I wouldn't call Bobby Lee a lot less important as he is a very influential person in the Bitcoin world. Especially when you consider that BTCC is at this point, according to their daily volumes, the largest Bitcoin exchange in the world. On top of that is their pool BTCC Pool good for 10% of the total network power. He can very well estimate what might happen since he has access to all information whales here would be more than happy to know.

I didn't denied him being important or not, that's just that I find him less important than theymos, and I challenge you to prove me wrong ! Except if he's traficking the price in his exchange (which wouldn't surprise me with all this faked volume), I don't see how he could predict anything, because the price trends are not based on anything perpetual and exact.

[Searing]

This is two things. Manipulators playing the market and newbies falling for the same scam all over again. Bitcoins fundamentals are still flawed. It doesn't scale and is not anonymous by any means.
Your choice if you want to be stupid and get scammed out of your money by buying into this scam.

Holding 92 btc and mining still ltc to btc after elec for an ROI of 2.1 btc profit a month. BTC will have to dump below
201.21 usd before I start to head into a loss. So holding has been 'berry berry good to me'

[carlisle1]

We are gonna be richhhh!!!  

You'll surely going to be rich if you had so many amount of bitcoin and you bought it at $500 price value and you are going sell it at $1000 . but i know that some people won't be satisfied for that, maybe they'd say that if you had a lot of btc 800+ for example and the price goes higher than $1000 then you're already rich .

[cryp24x]

. I doubt about that statement, because I'm still convinced that where we stand now is a spike and that it will come down back. I hope I'm wrong and that this rise will be sustained, but I frankly doubt about it.

What i see in the chart is the same as you, it seems Bitcoin is still stand in a spike and will eventually decline.  There around $150 increase from last week and if the price push thru $1000, that would be a steep incline which is always followed by a correction or a dip in price.  Anyway if the rally continues, we might be able to see $1000 before the end of this year.