when do you think this rise is going to slow down/stop?

[Ahab_Hunter_of_BearWhale]

You know what? Fuck I don't even know. I distance myself from bitcoin for a few months, and next thing you know this shit happens. I'm considering even buying tonight (1:45am atm) and selling in the morning. Bitcoin has been nothing but a roller coaster ride of emotions and FOMO and regret ugh.

I damn hope it slows down before it goes "to the moon" or some shit because I'd like to finally profit off of this to some extent. I'm currently at a $200 loss so I don't really consider myself a trader.

To answer your question though, I think we'll rise until mid January or something. Kinda wanting to buy right now but I'm also trying to keep my emotions in check before I do anything with large amounts of money.

Don't mind me. This year's been tough, is all.

Aw sorry mate. Best to just buy and hold through the ups and downs, knowing the true value and usefulness of the BTC network in your heart.

[1714857519]

1714857519

[angaper]

There is no doubt that the price of bitcoin has taken a firm step towards the $1,000 barrier. I am convinced that this barrier will not mean big problems for bitcoin and I would expect a stable range around $1,000-1,100.

[The_prodigy]

There is no doubt that the price of bitcoin has taken a firm step towards the $1,000 barrier. I am convinced that this barrier will not mean big problems for bitcoin and I would expect a stable range around $1,000-1,100.

Are you talking about this year or will make it happen next year?? Im not convinced that bitcoin price will totaly hit this month before the year ends i don't see any of the reason it maximize its capicity this year to incorease we just wait for another year to celebrate

[sportis]

If the situation in India continues with the same rate in first quarter of 2017 the rally will goes on. It is difficult to predict the price because for many people 1000$ is the psychological barrier and most of them may start to sell in order to gain short term profits if they had bought big amounts some days ago when price was about $800.

[BitcoinPanther]

If the situation in India continues with the same rate in first quarter of 2017 the rally will goes on. It is difficult to predict the price because for many people 1000$ is the psychological barrier and most of them may start to sell in order to gain short term profits if they had bought big amounts some days ago when price was about $800.

I agree, $1000 BTC is a selling point to other holder, and as we see the movement, price seems fluctuate around $880 - $930  +-50$  a good amount to get profit from the ups and down of bitcoin.  And I think it recently slow down since it's been several days of moving up and down and have not shown much progress in price.  Maybe accumulating phase for whales before pushing Bitcoin to pass $1000

[jbreher]

The price rice will stop after the huge mega panic FOMO buy-in spike.

didn't the FOMO already happen with the $100+ rise in a couple of days which happeneded recently?

No. Nobody except hardened bitcoiners noticed this rise. There is a lag -- especially during holiday -- for the news to propagate to major markets. Two weeks, then FOMO.

[jbreher]

when Bitcoin crushed the gold price.

The only sensible way to compare BTC price and XAU price is by market cap. At today's gold price, that would be about a half-million federal reserve notes per BTC.

Somehow, I don't think this is what you meant. But equating the unit price of completely arbitrary quantities of two radically different instruments is meaningless.

[notme]

when Bitcoin crushed the gold price.

The only sensible way to compare BTC price and XAU price is by market cap. At today's gold price, that would be about a half-million federal reserve notes per BTC.

Somehow, I don't think this is what you meant. But equating the unit price of completely arbitrary quantities of two radically different instruments is meaningless.... Except psychologically.

FTFY

[usudas]

it depends on bitcoin holders and the consumer's needs. But it still keeps going up highly.
If people do not sell many bitcoins for profits the price will be higher and higher. it means non-stop price.
I still buy more bitcoins and hold them at least 1 or 2 years later.

[Rooster101]

The sentiments are still bullish for bitcoin but the market might correct down to get rid of selling pressure. Right now there's no significant factors that might affect the price to go down like what happened before, only minor corrections occurred.

[Przemax]

I would  say that 25% that the drop will happen now. Because well... its a good moment as every else. 50% that after the hype blowing up the psychological 1000 usd per bitcoin. The last option is 25% to me happening that after we hit the previous ath.

[xIIImaL]

I would  say that 25% that the drop will happen now. Because well... its a good moment as every else. 50% that after the hype blowing up the psychological 1000 usd per bitcoin. The last option is 25% to me happening that after we hit the previous ath.

I think rise would be stop from coming February. I do not have reason for that actually every year till January we could see some god price rise in bitcoin price, so We already saw good pump in this year due to halving and holidays pump.

[carlisle1]

Maybe it would back to $700 again ? lol it's really hard to determine what amount will be the last price value of bitcoin . It's either will go higher or will go dwon first before it eventually become briefly stable . But I hope that it will stop on $1000 price or even $900 .

[alyssa85]

Bitcoin has a history of repeated bubbles - though each bubble peaks much higher than the previous bubble.

We've had five so far.



Based on the past, we might get to $1500 before it pops.

The following excellent article explores this further:

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.lc6fzjqyu

[AmsterdamPimp]

It will stop rising when one of the bigger alt exchanges bail out or the btc exchanges. Or my theory is when a dark web site goes down. I'm thinking alphabay have had a good run lol

[piramida]

will top out around $3000 per coin next year, unless some fundamentals change significantly.

[AmsterdamPimp]

will top out around $3000 per coin next year, unless some fundamentals change significantly.

Haha and you don't think we will have some dark markets or exchanges go down before that?

[carlisle1]

It will stop rising when one of the bigger alt exchanges bail out or the btc exchanges. Or my theory is when a dark web site goes down. I'm thinking alphabay have had a good run lol

well of course if there's a large exchange will be hacked again it's not only going to stop on rising it's also going to bring a big crash to bitcoin and I think if there's one of the dark web sites goes down it will affect the price very much . as far as I know dark web has a big circulation of bitcoin .

[digaran]

Bitcoin has a history of repeated bubbles - though each bubble peaks much higher than the previous bubble.

We've had five so far.



Based on the past, we might get to $1500 before it pops.

The following excellent article explores this further:

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.lc6fzjqyu

What type of car is in your mind? I know it's a bubble but the same bubble is the reason for the rise and people knowing there is a price bubble causes even more inflation but when the big holders enter for big profit they start to sell in bulks that is when the bubble starts to shrink but never explodes.

[mixan]

I would imagine it will start to slow down come early February like it did early this year. I do remember regretting not buying some then when it was increasing at a frantic rate to stop at $750.
Now you can imagine my state right now.