is 2017 the new 2013?

[600watt]

what do think 2017 will bring? double peak like 2013? pain and tears like 2014? what is the sentiment?

[BTCLovingDude]

obviously not! do you even have to ask?!!!!

this is the rise from $200 to $1000 in 2016 which took 12+ months




and this is the 2013 rise which took <1 months

[afbitcoins]

On a log scale you can see the size of two separate 'bubble' moves were similar in terms of percentage gains.

If that is to repeat with only one such move, we will see bitcoin spike to around $10,000  

[BitcoinBarrel]

[thejaytiesto]

It could very well be the case. This is a new all time high already, we got the all time high in marketcap, and we got the all time high in euros, now we just need to get rid of the MTGox all time high to continue our journey into the deep space. Forget moon, this rocket is now bigger than all known planets, we need to start thinking in terms of supernovae.

[BitHodler]

I hope definitely not. Mainly because of the fact that it took us so long to reach these price points. That being said, it doesn't hurt to cash out profits at these prices.

I have secured profits between $1000-$1010 which I am very happy with. If the price happens to tank heavily, I have a decent amount of fiat to buy back my coins.

[Diluman]

I hope definitely not. Mainly because of the fact that it took us so long to reach these price points. That being said, it doesn't hurt to cash out profits at these prices.

I have secured profits between $1000-$1010 which I am very happy with. If the price happens to tank heavily, I have a decent amount of fiat to buy back my coins.

I agree with that. It is better for the price to rise gradually.

[600watt]

I hope definitely not. Mainly because of the fact that it took us so long to reach these price points. That being said, it doesn't hurt to cash out profits at these prices.

I have secured profits between $1000-$1010 which I am very happy with. If the price happens to tank heavily, I have a decent amount of fiat to buy back my coins.

bold to short this rally, considering your name 

[RoommateAgreement]

I hope definitely not. Mainly because of the fact that it took us so long to reach these price points. That being said, it doesn't hurt to cash out profits at these prices.

I have secured profits between $1000-$1010 which I am very happy with. If the price happens to tank heavily, I have a decent amount of fiat to buy back my coins.

price is playing on 1020-1030 USD and from what i am seeing on the Chinese markets i don't think this is going anywhere other than up, i actually would prefer it a lot if price stayed here a little longer but i am not so sure about it anymore.
i think we will see $1200 soon.

and to answer OP things are so different from 2013 and i didn't vote because i didn't like any of the other choices!

[600watt]

I hope definitely not. Mainly because of the fact that it took us so long to reach these price points. That being said, it doesn't hurt to cash out profits at these prices.

I have secured profits between $1000-$1010 which I am very happy with. If the price happens to tank heavily, I have a decent amount of fiat to buy back my coins.

price is playing on 1020-1030 USD and from what i am seeing on the Chinese markets i don't think this is going anywhere other than up, i actually would prefer it a lot if price stayed here a little longer but i am not so sure about it anymore.
i think we will see $1200 soon.

and to answer OP things are so different from 2013 and i didn't vote because i didn't like any of the other choices!

feel free to suggest better ones. 

[alyssa85]

2013 was powered by the eurozone crises. First the Greek problem, and then the Cyprus problem where they confiscated people's savings to bail out the banks.

At the moment there is a crisis in India (notes being withdrawn). Venezuela is also in a crisis, but it is too late for them, their money is already worthless so that can't actually buy any bitcoin with it.

I guess it depends on whether another crisis suddenly materialises.

[eaLiTy]

2013 was powered by the eurozone crises. First the Greek problem, and then the Cyprus problem where they confiscated people's savings to bail out the banks.

At the moment there is a crisis in India (notes being withdrawn). Venezuela is also in a crisis, but it is too late for them, their money is already worthless so that can't actually buy any bitcoin with it.

I guess it depends on whether another crisis suddenly materialises.

These sort of issues could invite new users to bitcoin as they find it as a new form of investment and all of the experts are calling for a price range of over $2000 and it wont be like 2013 when there were really not that volume and members to sustain that price but that is not the case here at this moment as there are more volumes and many people than it was in 2013.

[HarryKPeters]

The rise in 2013 was a sudden rise, while this time it's more natural. A slow and steady rise since nov. 2015. This way it's more like the rise will hold instead of a major crash back to 230 dollar. When you look at the international currencies, it makes 'sense' bitcoin is an alternative for currency traders,

[xDan]

We aren't in hype mode YET.

But there are inklings of something coming...

When you think of all new ways to acquire BTC and the amount of new awareness of it.

[zby]

The rise in 2013 was a sudden rise, while this time it's more natural. A slow and steady rise since nov. 2015. This way it's more like the rise will hold instead of a major crash back to 230 dollar. When you look at the international currencies, it makes 'sense' bitcoin is an alternative for currency traders,

That was after it broke the previous ATH - we are still in the run up phase.

[kwukduck]

Obviously it's not.

The thing to keep in mind though is that bitcoin is fundamentally broken at protocol level. It doesn't scale and has no regard for users privacy or anonymity.

Current prices are the result of hype and internal exchange whale manipulation. Just look at the market depth, there is no support till around $500.

[BitcoinPanther]

Well the graph is obvious. 2016 is indeed another bubble but not the same as what happened to 2013.  2017 may probably another set of chart, not 2014 or 2013, just a normal trading with some manipulations, a pump then correction while going uptrend.  It won't spike like 2013 because if it will happen  this ↓↓↓↓↓↓

On a log scale you can see the size of two separate 'bubble' moves were similar in terms of percentage gains.

If that is to repeat with only one such move, we will see bitcoin spike to around $10,000 




[im g ]https://www.tradingview.com/x/1kGii0pr/[/img]

[alyssa85]

The thing to keep in mind though is that bitcoin is fundamentally broken at protocol level. It doesn't scale and has no regard for users privacy or anonymity.

True - but the attention bitcoin is attracting might make some people have a look at alts. That happened in 2013 too - new blood came into cryptocurrency and they started to look for undervalued alts just in case they were the next big thing, and all the alts soared on the back of it. Of course when mtgox collapsed and bitcoin collapsed as a result, the alts fell too and people panicked across the board.

[john2231]

I also say no it will not be the same as 2013.. we already seen that the price before is pumping too fast i think almost 1 and half months we will see the fast movement of the price. unlike right now we are still few users of bitcoin and gradually increase population.. that i hope the price could be more increase soon.. and more blast adoption and development will added after february..

[Yuuto]

what do think 2017 will bring? double peak like 2013? pain and tears like 2014? what is the sentiment?

I don't think that the bitcoin price right now is a bubble. After the halving the price should technically have doubled, which it has achieved just now. The analysts have predicted this from the start of the year so it's not an unexpected pump. Also the price went up gradually instead of all in a day or two. It went from $400 to $1000 in a year, a 250% ROI, instead of going from $100 to $1300 in a week or two.

So no, not 2013 at all.