Bitcoin will touch 1200$ in January 2017

[aardvark15]

I remember the last time the prices were this high. It was the same time of year about 3 years ago I think. I expect the price to come back down but hopefully it won't drop into the $200's again like last time. I could see it drop to the $500 to $600 range but nobody knows.

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[iqlimasyadiqa]

I strongly believe bitcoin prices could reach 1200USD in the month of january 2017. the current bitcoin price movements are very fast and stable. I even dare to mention that the price of bitcoin will reach 1400USD.

[CyberKuro]

I usually would say no as we have gone up considerably already, but this bull run has no end it seems. It's a bit too soon to hope for the price to remain above the $1000 level, but that would be a nice target for 2017. Other than that, my feelings that a deep correction will show up any time soon have not gone away. Nothing goes up without a correction in the runup to even higher prices. I don't take any price for granted. I'm too long in Bitcoin to know that anything can happen.

$1200 in this month is possible but I prefer to not expect too much, just wait and enjoy the show.
When it reached $1000, I find it a matter of course because it's inevitable as bitcoin created that way, limited supply and higher demand cause the price always increases.

[jtipt]

What's the point of the poll? No, na, na :? Do you want to say that its just 'impossible' for BTC to reach 1200$ within this month, then no its not completely impossible it can and it can very easily but most likely it won't. If you look at the price graph of bitcoin over several years after every big rise there was a fall of equal magnitude.

[Skjöld]

What's the point of the poll? No, na, na :? Do you want to say that its just 'impossible' for BTC to reach 1200$ within this month, then no its not completely impossible it can and it can very easily but most likely it won't. If you look at the price graph of bitcoin over several years after every big rise there was a fall of equal magnitude.

Yes, I agree with you. The poll is useless and also a pump (not a common rise) is always associated with a fall following it. I think we'd better retract at 800$ than reaching 2000$ and falling like crap to 600$ or even lower and damage Bitcoin's image for a while.

[Qutmin]

What's the point of the poll? No, na, na :? Do you want to say that its just 'impossible' for BTC to reach 1200$ within this month, then no its not completely impossible it can and it can very easily but most likely it won't. If you look at the price graph of bitcoin over several years after every big rise there was a fall of equal magnitude.

Yes, I agree with you. The poll is useless and also a pump (not a common rise) is always associated with a fall following it. I think we'd better retract at 800$ than reaching 2000$ and falling like crap to 600$ or even lower and damage Bitcoin's image for a while.

That is right. It is better for the price to rise slowly, say 10% a month.

[pitham1]

I remember the last time the prices were this high. It was the same time of year about 3 years ago I think. I expect the price to come back down but hopefully it won't drop into the $200's again like last time. I could see it drop to the $500 to $600 range but nobody knows.

Last time around, we had an extremely rapid rise in prices. The price increased by 10x in a matter of a couple of months. That isn't the case now.
The run up can be termed rapid in terms of what other assets are used to; For Bitcoin this is gradual increase.

[njcarlos]

Last time around, we had an extremely rapid rise in prices. The price increased by 10x in a matter of a couple of months. That isn't the case now.
The run up can be termed rapid in terms of what other assets are used to; For Bitcoin this is gradual increase.

30% increase in 2 weeks isn't rapid?

[I Just Wanna Help]

I remember the last time the prices were this high. It was the same time of year about 3 years ago I think. I expect the price to come back down but hopefully it won't drop into the $200's again like last time. I could see it drop to the $500 to $600 range but nobody knows.

That drastic/dramatic drop back in 2013 was due to the bubble made back then, but that's not the same case here.
Bitcoin price has risen because of order and demand not rumors, so, $1200 in January could be very possible giving what we have seen so far.

[piramida]

This goal can not be reached in January, 2017. Maybe it will be at 1,100$ if everything is good.

you guys are so funny to read. I remember people discussing if $15 if overbought and rising too fast little did they know. *never* underestimate bitcoins ability to swing widely. we could reach 1100 in two hours. when it finally goes parabolic, it gains 20-30% per day.

[Tanic]

I will be surprised if it's going to happen. I think bitcoin will jump around 1000$ all this month. When it will rising higher than 1000$ people will cash out their bitcoins and that will provoke the fall of the price and it will go down under 1000$ point.

[eaLiTy]

It is really difficult to understand the price growth at this moment but if the momentum continues it might reach new heights without any doubt but i am waiting for a dip any moment from now so that guys like me can enter the coin after missing this opportunity to cash in when the bubble happened as i did not have a clue that the price would jump in a few hours after touching 800 dollars.

[bajing]

It can happen all look not happen panic selling when prices touched $ 900- $ 1000 is obvious now all been smart and not be a panic just to make a profit. i can said now impossible to seeing manipulation price as before.

[Wefud]

It can happen all look not happen panic selling when prices touched $ 900- $ 1000 is obvious now all been smart and not be a panic just to make a profit. i can said now impossible to seeing manipulation price as before.

The price has been more than $1100 in China.

[Cassandre]

I am feeling a bit nostalgic when I look back to this thread, when price was just above 1000$. We are now above 4000$, that is simply incredible...

For history, what I said on January 2nd :

No, I don't think we will reach 1200$ by 2017. The rise has been too fast, we will get down pretty soon and pretty hardly. Let's tell it, we've all started dreaming again, even me. The newcomers are now having the feeling that they are in the "ATH story" that so many people are telling again and again. But to be frank, in that ATH, the most memorable is the hard downtrend that followed. I don't think we'll escape that patern. I greatly hope that I'm wrong, because my savings would be worth a lot more, but I think I'm right.

History proven me wrong, and I am glad of this.

[Wefud]

I am feeling a bit nostalgic when I look back to this thread, when price was just above 1000$. We are now above 4000$, that is simply incredible...

For history, what I said on January 2nd :

No, I don't think we will reach 1200$ by 2017. The rise has been too fast, we will get down pretty soon and pretty hardly. Let's tell it, we've all started dreaming again, even me. The newcomers are now having the feeling that they are in the "ATH story" that so many people are telling again and again. But to be frank, in that ATH, the most memorable is the hard downtrend that followed. I don't think we'll escape that patern. I greatly hope that I'm wrong, because my savings would be worth a lot more, but I think I'm right.

History proven me wrong, and I am glad of this.

That is right. The price of bitcoin is already $4400. I will still hold for the long term.