[2017-01-03] Happy Beginning Of 2017: Bitcoin’s Price Has Overcome $1,000

[Vladdirescu87]

The year 2017 promises to be a really Happy New year for Bitcoin users, beginning with a sharp rise of the Bitcoin price to $1000.

On the first day of 2017, Bitcoin’s price reached $1,000. On January 1, Bitcoin price reached $1,000 at the Bitfinex exchange, and two hours later, the same price for Bitcoin was seen on Bitstamp.
For the second time in history Bitcoin’s price has risen above $1,000. A possible jump of the BTC price was first predicted in the beginning of December 2016, when Bitcoin’s price reached $800. Moreover, Saxo Bank’s 'Outrageous Predictions' for 2017 stated that the Bitcoin price may triple and rise up to the level of $2,100.

You can read the full article here: https://coinidol.com/happy-beginning-of-2017-bitcoin-hits-1000/

[1715159086]

1715159086

[LLec]

It was starting to be a good start to the year until I don't have any bitcoin left now because of some misfortune on my side with only 3 days into the new year.
Good that bitcoin price is steady and rising so hopefully things will turn around in my favor.

[panju1]

Is there any method in this madness? It definitely is a very happy year for the holders, with the current price over $1100 now.
Whether it is sustainable is an altogether different question.

[tuvok007]

It will go up till 2000 and than back to 1000-1500 throughout the year.

[cr1776]

Is there any method in this madness? It definitely is a very happy year for the holders, with the current price over $1100 now.
Whether it is sustainable is an altogether different question.

I think I remember that same quotation (or ones very similar to it) being made at dollar parity, $10, $33, $100 etc.    

As long as there are improvements, decreases in new supply (the halving) etc, and increases in utility, the price will continue to rise.

[strasboug]

We are still in the initial long term appreciation of bitcoin, with more people joining in the party, bitcoin with its limited supply will go further higher, a lot higher. Hope this year we'll get to $2000.