Longest period of time with Bitcoin over $800 ever!

[Febo]

Could someone tell me please that what price is still considered profitable with electricity cost of $0.07 KWH? then I will tell if the above $800 is going to maintain from now on or not, if we stay in above $800 range for more than 2 weeks then the price will remain and will increase from there forward.
I just wish that first 3 big miners avoid dumping more than 100 bitcoins from their long term stashed coins because that's when price starts to dump.

I think the Chinese miners are getting cheap/free electricity, so they're being subsidized by the Chinese state. If the electricity prices ever rose, I expect mining would move somewhere else.

there was very good explanation in one video about hwy there are so much BTC mined in China. Has nothing to do with anything getting free.  More like poor planing, what happen in socialist countries where capital dont run the progress.

Here: https://www.youtube.com/watch?v=8iyOKlzEe-0&feature=youtu.be   Only 6 minutes. Listen it carefully.

In short there is so much mining right now in china because they cant transfer all electricity they produce right now. Mining bitcoins close to powerplant, helps them store that electricity that would be other way wasted.   This will solve by itself, but not in 1 year.  But on other hand Bitcoin is right now solving another problem in china.



It seems we will at least double the longest period of time Bitcoin was over $800 if not even triple it.

[coskunz]

From now on We are hard to see the price under 800$ and Now we must refers to the concept of 1,000$ per bitcoin.
How do you think if the price will hit 2,000$ in the year of 2017? and what is your decision?

[Febo]

From now on We are hard to see the price under 800$ and Now we must refers to the concept of 1,000$ per bitcoin.
How do you think if the price will hit 2,000$ in the year of 2017? and what is your decision?

I would hardly believe that price under $800 is impossible. I also hardly believe that we will not see $2000 Bitcoin in 2017.

[Taki]

Bitcoin was over $800 from 26th November 2013 to 6th December 2013. So 11 Days.
Now is over $800 from 21th December 2016 so 10 days. One more day and we will hit the longest streak with Bitcoin over $800.

I am not so much interested in such calculations of periods about the price for bitcoin. I think now bitcoin became more stabile and known crypto currency and others just try to repeat the success of bitcoin. The price will continue to grow this time and I'm sure that we will see the point of 1200$ again soon.

[d5000]

It's only the longest time if we take into account every price dip.

If we take the daily average at Bitstamp, then we have the following periods in the past over $800:

- Nov 23 to Dec 6, 2013 (14 days)
- Dec 9 to Dec 15, 2013 (7 days)
- Jan 4 to Jan 27, 2014 (24 days)
- Jan 30 to Feb 5, 2014 (7 days)

Source: http://www.bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-11-01zeg2014-02-28ztgSzm1g10zm2g25zv

But I'm sure that we now will see definitively the longest period over 800, as I predict that we will be over 800 at least 6-7 weeks, probably more. It's only a bit early to claim "the longest period".

[Febo]

It's only the longest time if we take into account every price dip.

If we take the daily average at Bitstamp, then we have the following periods in the past over $800:

- Nov 23 to Dec 6, 2013 (14 days)
- Dec 9 to Dec 15, 2013 (7 days)
- Jan 4 to Jan 27, 2014 (24 days)
- Jan 30 to Feb 5, 2014 (7 days)

Source: http://www.bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-11-01zeg2014-02-28ztgSzm1g10zm2g25zv

But I'm sure that we now will see definitively the longest period over 800, as I predict that we will be over 800 at least 6-7 weeks, probably more. It's only a bit early to claim "the longest period".

I just noticed it pretty much depends of which exchange you take. Here are more to chose: http://www.coindesk.com/price/

[rajasumi3]

The price of bitcoins would hit 1400$ at the end of this month or the 2nd week of may .well if you have bitcoins at that time during 800$ then it is highly likely that you are  earning a lot profit and it is the best for your future.

[Reid]

What a great observation! I haven't even thought of that. Maybe I just didn't care as long as it is on the 4 digits. 
But that is really awesome and maybe it could even past that number. Yeah I hope so.
I thought the events that happened would make it weaker but it go the other way in which many of us are profiting now from that big wave.

[bitbunnny]

The price has recovered nicely despite all black scenarios and predictions. Only some smaller dumps appeared and we can say that the price is kept all the time at the very high level that also shows Bitcoin has become stronger and more resistant to different challenges and issues on the way.

[richardsNY]

The price has recovered nicely despite all black scenarios and predictions. Only some smaller dumps appeared and we can say that the price is kept all the time at the very high level that also shows Bitcoin has become stronger and more resistant to different challenges and issues on the way.

If you look back at all the "bad news" that we have seen in the last years, then it's either pure fud, or no bad news at all. People must learn to read through certain articles and announcements. If that's the case, then people won't fall for all this fud and other nonsense so easily. Good thing is that it doesn't have any impact on the long term price, and it won't do so in the future. These situations allow coins to flow into stronger hands. That's the benefit.

[kolesozw]

We may see a longest period of time with Bitcoin Under $800 if BTC U succeed of gaining 66.6%+1 support for hard fork. IDN maybe i'm too cautious now, but i don't want to see anything like this soon. Just a softfork for 2MB blocks maybe.

[socks435]

The price has recovered nicely despite all black scenarios and predictions. Only some smaller dumps appeared and we can say that the price is kept all the time at the very high level that also shows Bitcoin has become stronger and more resistant to different challenges and issues on the way.

If you look back at all the "bad news" that we have seen in the last years, then it's either pure fud, or no bad news at all. People must learn to read through certain articles and announcements. If that's the case, then people won't fall for all this fud and other nonsense so easily. Good thing is that it doesn't have any impact on the long term price, and it won't do so in the future. These situations allow coins to flow into stronger hands. That's the benefit.

Well if its trending news you should follow the flow because you will just miss the opportunity to make profit..
So if you heard a bad news and gradually will be trend soon better to sell your bitcoins right now .. to get the benefits of the price increase and buy again once the price of bitcoin is low.. because i am sure the price will recover back soon..

[richardsNY]

The price has recovered nicely despite all black scenarios and predictions. Only some smaller dumps appeared and we can say that the price is kept all the time at the very high level that also shows Bitcoin has become stronger and more resistant to different challenges and issues on the way.

If you look back at all the "bad news" that we have seen in the last years, then it's either pure fud, or no bad news at all. People must learn to read through certain articles and announcements. If that's the case, then people won't fall for all this fud and other nonsense so easily. Good thing is that it doesn't have any impact on the long term price, and it won't do so in the future. These situations allow coins to flow into stronger hands. That's the benefit.

Well if its trending news you should follow the flow because you will just miss the opportunity to make profit..
So if you heard a bad news and gradually will be trend soon better to sell your bitcoins right now .. to get the benefits of the price increase and buy again once the price of bitcoin is low.. because i am sure the price will recover back soon..

There is a difference between those that get sucked into something and sell as result (because they believe whatever fud nonsense that comes their way), and those that actually benefit from each and every up and down movement. I am more referring to people fitting in the afore mentioned example. They don't benefit -- they sell their coins at a loss in panic, and then later regret their selling decision where they buy back at a premium.

[hermanhs09]

Bitcoin was over $800 from 26th November 2013 to 6th December 2013. So 11 Days.
Now is over $800 from 21th December 2016 so 10 days. One more day and we will hit the longest streak with Bitcoin over $800.

Right now it is probably the longest period that bitcoin has stayed above $1000.

I mean it is just awesome to see bitcoin surviving all the ups and downs and pulling through to win in the end. It is awesome to see for both the bitcoin bagholders and the bitcoin believers.

But i expect a short term adjustment right now, i don't know if i'm right but it does seem like it might be happen. And if it does happen then it is a good idea to load up on cheap coins

[Hazir]

Current period is not the longest, but we are slowly getting there - BTC from February 14, 2017 and until March 18 was above $1000, so was only a month.
And then since March 27 until now we have again reached 'stability period'. Which can be the longest +$1000 period so far.

Another interesting fact - Bitcoin is +$900 since January 26, 2017.

[cengsuwuei]

Current period is not the longest, but we are slowly getting there - BTC from February 14, 2017 and until March 18 was above $1000, so was only a month.
And then since March 27 until now we have again reached 'stability period'. Which can be the longest +$1000 period so far.

Another interesting fact - Bitcoin is +$900 since January 26, 2017.

bitcoin price in 2017 average 1000 dollar/bitcoin
bitcoin price always above over 1000 dollar, under 1000 dollar only SEC issue and bitcoin unlimited issue
so if without bad issue and problem bitcoin price can stable over 1000 dollar/bitcoin in 2017

[Ayiranorea]

Current period is not the longest, but we are slowly getting there - BTC from February 14, 2017 and until March 18 was above $1000, so was only a month.
And then since March 27 until now we have again reached 'stability period'. Which can be the longest +$1000 period so far.

Another interesting fact - Bitcoin is +$900 since January 26, 2017.

Bitcoin staying above $900 is the interesting fact with bitcoin this year. This has helped users to profit high than regular earning as well profiting that users have been experiencing in the past years. I expect the price to stay above $1000 without falling down.

[Mbokani]

With prediction from all the pundits says that the price of bitcoin will have another bull run and seeing the price above eight hundred dollars for a long time suggest that the pundits are right and now i do expect that the lowest value it can get is around nine hundred dollars and that was not the case during 2016 .

[icecube45]

Current period is not the longest, but we are slowly getting there - BTC from February 14, 2017 and until March 18 was above $1000, so was only a month.
And then since March 27 until now we have again reached 'stability period'. Which can be the longest +$1000 period so far.

Another interesting fact - Bitcoin is +$900 since January 26, 2017.

Bitcoin staying above $900 is the interesting fact with bitcoin this year. This has helped users to profit high than regular earning as well profiting that users have been experiencing in the past years. I expect the price to stay above $1000 without falling down.

Yes, now bitcoin will remain above $ 900 and I think it will last a long time. Obviously this is very profitable for the users bitcoin. But in last January, the price of bitcoin was under $ 800 and it last for days, and then the price continues to rise and is now back above $ 1,000. Maybe to fall under $ 800 again will take a while for months and I am sure now bitcoin will be over $ 900.

[South Park]

Bitcoin was over $800 from 26th November 2013 to 6th December 2013. So 11 Days.
Now is over $800 from 21th December 2016 so 10 days. One more day and we will hit the longest streak with Bitcoin over $800.

I am not so much interested in such calculations of periods about the price for bitcoin. I think now bitcoin became more stabile and known crypto currency and others just try to repeat the success of bitcoin. The price will continue to grow this time and I'm sure that we will see the point of 1200$ again soon.

I don’t watch the price very closely but I don’t remember seeing the price below 800 since then, while this may seem useless trivia, the fact that bitcoin has sustained over that mark means that the trust in bitcoin is going up even if we had some difficult weeks.