RALLY!!!

[talkbitcoin]

This rally is looking weak now, cant crack $1000 and keeps sliding down. I think New years even is gonna suck because I was hoping for over $1000 and now im expecting the $920 range.

the "rally" is strong still. and what you see now is called correction. and correction is a part and parcel of any rise. whenever there is a rise like from $770 to $970 there must be some correction meaning price coming down due to traders selling their coins for profit.

nothing is sucking either price has already gone up enough to be happy with a big profit.

[Taki]

The price of Bitcoin is increasing exponentially and this will continue as long as 1BTC will cost from 20 to more than 100 thousand dollars.
Today we can observe the pace of change in all areas of public life, thanks to information technology. Crypto currencies are the next level for money and they spread exponentially, just like Email a few decades ago and ebooks a few years ago.

[RobertDeNiro]

Is it on its way to 1k by tonight at midnight. 22 hours to go and I say it can make it.

[1Referee]

This rally is looking weak now, cant crack $1000 and keeps sliding down. I think New years even is gonna suck because I was hoping for over $1000 and now im expecting the $920 range.

The price has gone up considerably already, so in that regard we have done exceptionally well. You can't just assume the price will continue to go up without experiencing corrections or slow periods where the price isn't moving much. I personally don't think we'll stay at current levels for very long as I expect to see $800's back, but enjoy current prices for as long as it's possible. It's a fantastic achievement that we manage to sit above $900's with the current poor level of buy support. But then again, it also depends on what price levels you entered the market. If you bought at current levels of ~$950, then yes, I understand why you aim at the price to reach $1000.

[traderethereum]

if there is nothing good movement from the big owner of bitcoin then the price is not high until $1000 because its need more than just pump from the traders and we know this. but lets we hope that the price will be increase in the last day of 2016 

[virasog]

@bitstamp it seems not many want to sell at the moment  and buy wall looks good. We have 880-900 as base now it seems. Lets hope it builds up slowly towards 1k

After Christmas I am pretty confident for continuous of this rally after confirming these rock solid stable prices. Bitcoin is trading within narrow range for three days and hopefully this may signal another significant rally toward $1000 within this week. Four more days to new year still very confident to see $1000 price levels.

Right on my man, the way it has been holding 880-900 range for couple of days i am sure we will see 1k very  soon  . The interesting part will be how  market reacts  when we reach it . I for one am looking forward to finding out

Bitcoin is all set to make massive moves in the coming months and it seems like this is just a beginning. It is good to make small movements and come back to test the new support levels. This is good when you look at the technical analysis portion.

[Red-Apple]

The price of Bitcoin is increasing exponentially and this will continue as long as 1BTC will cost from 20 to more than 100 thousand dollars.
Today we can observe the pace of change in all areas of public life, thanks to information technology. Crypto currencies are the next level for money and they spread exponentially, just like Email a few decades ago and ebooks a few years ago.

actually the rise has been mostly linearly if you look at the charts with some rapid movements temporarily. the exponential rise would have looked a lot different that how the charts are looking for the past two years. and you can not extrapolate the price of today and get the result of 100,000 USD! that is just absurd.

[Taki]

Rally should not be a surprise. It's already gone through a tough bear market, and sentiment has recovered, everyone now is talking about the blockchain, the exchange became more legitimate, security has improved, press coverage has increased, the infrastructure continues to build, the technological progress in the face, investors have invested in the sector, financial institutions entered the fray, the government began to carry out regulation and we all learned a little more, and frankly, the chart is looking very sexy. Bitcoin is growing, and perhaps its potential is realized.

[njcarlos]

Rally should not be a surprise. It's already gone through a tough bear market, and sentiment has recovered, everyone now is talking about the blockchain, the exchange became more legitimate, security has improved, press coverage has increased, the infrastructure continues to build, the technological progress in the face, investors have invested in the sector, financial institutions entered the fray, the government began to carry out regulation and we all learned a little more, and frankly, the chart is looking very sexy. Bitcoin is growing, and perhaps its potential is realized.

I agree but I believe these contributed to the steady climb to $800. This spike from $800 is entirely some events playing out in China, about which I haven't heard anything reasonable to explain it.

[eaLiTy]

Rally should not be a surprise. It's already gone through a tough bear market, and sentiment has recovered, everyone now is talking about the blockchain, the exchange became more legitimate, security has improved, press coverage has increased, the infrastructure continues to build, the technological progress in the face, investors have invested in the sector, financial institutions entered the fray, the government began to carry out regulation and we all learned a little more, and frankly, the chart is looking very sexy. Bitcoin is growing, and perhaps its potential is realized.

I agree but I believe these contributed to the steady climb to $800. This spike from $800 is entirely some events playing out in China, about which I haven't heard anything reasonable to explain it.

The recent price spike has nothing to do with the Chinese events and there is nothing to quote from china for the recent price of bitcoin,it is simply because of the market momentum and during Christmas we always see these sort of bubble if you check the charts and there is a feature in coindesk about the expected growth of bitcoin in 2017.

[njcarlos]

The recent price spike has nothing to do with the Chinese events and there is nothing to quote from china for the recent price of bitcoin,it is simply because of the market momentum and during Christmas we always see these sort of bubble if you check the charts and there is a feature in coindesk about the expected growth of bitcoin in 2017.

I disagree. There is a clear shift in market sentiment on December 19/20th. I'm curious about what event is driving that sentiment. Some opinion: http://www.zerohedge.com/news/2016-11-03/china-prepares-impose-curbs-capital-controls-bitcoin

Today (guess this is my answer):
http://www.zerohedge.com/news/2017-01-02/bitcoin-surges-above-1000-china-unveils-new-capital-controls

[MFahad]

@bitstamp it seems not many want to sell at the moment  and buy wall looks good. We have 880-900 as base now it seems. Lets hope it builds up slowly towards 1k

After Christmas I am pretty confident for continuous of this rally after confirming these rock solid stable prices. Bitcoin is trading within narrow range for three days and hopefully this may signal another significant rally toward $1000 within this week. Four more days to new year still very confident to see $1000 price levels.

Right on my man, the way it has been holding 880-900 range for couple of days i am sure we will see 1k very  soon  . The interesting part will be how  market reacts  when we reach it . I for one am looking forward to finding out

Another things is that the weak hands will exit and long term holders will enter and go long. Most people sold at 1000 and now more people are selling as they ware thinking that price will move further down and they fear more loss if they do not sell.  I think They are wrong. Bitcoin will reach 1000$ again and it will even move further up this year.

[noormcs5]

@bitstamp it seems not many want to sell at the moment  and buy wall looks good. We have 880-900 as base now it seems. Lets hope it builds up slowly towards 1k

After Christmas I am pretty confident for continuous of this rally after confirming these rock solid stable prices. Bitcoin is trading within narrow range for three days and hopefully this may signal another significant rally toward $1000 within this week. Four more days to new year still very confident to see $1000 price levels.

Right on my man, the way it has been holding 880-900 range for couple of days i am sure we will see 1k very  soon  . The interesting part will be how  market reacts  when we reach it . I for one am looking forward to finding out

Another things is that the weak hands will exit and long term holders will enter and go long. Most people sold at 1000 and now more people are selling as they ware thinking that price will move further down and they fear more loss if they do not sell.  I think They are wrong. Bitcoin will reach 1000$ again and it will even move further up this year.

Yes, I agree, this is very true with bitcoin, the very good thing holding with bitcoin compared to other thing.
One more thing, people who have less information with bitcoin are mostly the ones who sell in panic as they are not sure of the strength of bitcoin.