is 2017 the new 2013?

[Arcteryx]

It is 2013 all over again is what you are implying?
Well it is best if it is so you know what is coming and are ready for it this time around.
Buy now then wait for it to peak then sell off before the bottom falls out.

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[senyorito123]

Maybe, price rised frequently rising faster and we can see more big prices for bitcoins at this year and hopes to reach another record breaking price reached. Im pretty sure many people are keep on eye on bitcoins for now and waits for more great upwards, hope it will not the same as 2013 that sudden rise and also we experience the sudden fall down also.

[European Central Bank]

i hope not.

i don't think 2013 did bitcoin any favors in the short term. it was incredible but pretty destructive for a lengthy while afterwards. another 2014/15 hangover would be miserable for everyone.

i've liked the nature of this rise. it's been far steadier and people haven't been prone to getting spooked. if there are more fireworks to come then i hope they linger for a little longer.

[Skarner21]

I think it will not be the same as 2013 because we already many companies are using bitcoin and many bitcoin users right now unlike before.
Also the price of bitcoin before is very cheap and the price is increasing fast and hit $1000 in a month now i think it will not be the same.because huge crash also happen in that time..

[d5000]

For me there are two probable scenarios that unfortunately are not showing up in the poll:

1) A short, but strong hype (lasting only until, at most, February) with a new ATH (perhaps at about ~$1700-2000 USD) followed by a crash under $1000. That would be the combination of money flowing in by greedy newcomers (like 2013), but the crash would come earlier because the blocks will be full and Bitcoin's scalability problems will dominate the media coverage. Big drama and a 2013-14 combination

2) A sideways market from 1000 to 1150 or 1200 USD without a clear new ATH. This would be the healthier variant, because for a sustainable new ATH we should first wait for SegWit until changing into hype mode. But perhaps we already have crossed the red line to variant 1.

[Amph]

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.

there will be a fork to 2mb to solve momentarily the scale problem, and anyway it's more anonymous than using fiat, and you always have zcash/monero if not satisfied

bitcoin was never meant to be 100% anon, for your information the curent value it's already well enar the last ath, we are in the same boat, another jump and 1200 will be broken

to see if this price is more stable and not manipulated as the last one you can look at two things, how many users there are now compared to the 2013 ath and how much time the price needed to reach this value, which is not the same as 2013

[sunsilk]

Maybe you are comparing what happened way back 2013 that after the rise of bitcoin it fall suddenly.

But its' totally different to this year, the come back of bitcoin from last year is very far before its price is still low.

It will never be the same comparing 2017 and 2013.

[zby]

For me there are two probable scenarios that unfortunately are not showing up in the poll:

1) A short, but strong hype (lasting only until, at most, February) with a new ATH (perhaps at about ~$1700-2000 USD) followed by a crash under $1000. That would be the combination of money flowing in by greedy newcomers (like 2013), but the crash would come earlier because the blocks will be full and Bitcoin's scalability problems will dominate the media coverage. Big drama and a 2013-14 combination

2) A sideways market from 1000 to 1150 or 1200 USD without a clear new ATH. This would be the healthier variant, because for a sustainable new ATH we should first wait for SegWit until changing into hype mode. But perhaps we already have crossed the red line to variant 1.

If it breaks the ATH after so long bear - then it will jump much higher than just 2000. 2013 is actually a good model here - breaking ATH was end of February then - look at the charts.

As for anonymity - have a look at http://www.google.com/search?q=TumbleBit

[justdimin]

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

But interestingly there are lot of differences between this time and late 2013 rally. Bitcoin prices are trading very stable unlike last time. There is no rush of  finding new ATH but at the same time it is trading so solid above $1000 price levels which must be a good symptom for outperforming 2013 milestones.

Yes, we can expect $2000 in very quick time like within first quarter of 2017 before facing some pull back.

[I Am Hero]

things doesn't seem at all similar to things back in 2013.
the adoption rate alone is making things very distinctive in this area.

[alyssa85]

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.

there will be a fork to 2mb to solve momentarily the scale problem, and anyway it's more anonymous than using fiat, and you always have zcash/monero if not satisfied

Nothing is as anonymous as cash in small bills. However if there are moves to ban cash, then watch as bitcoin jumps - what is happening in India is a small taster.

Other events to watch for this year:

1. Deutsche Bank is still in a very unstable condition, the German govt is actually lobbying Basel III to REDUCE capital requirements because they know Deutsche will fail the current proposals. If Deutsche blows up, we're looking at a Lehman style bust - though unlike in 2008, all the other banks are aware of the danger and are hurriedly reducing their exposure to DB.

2. The elections in the Netherlands, France and Germany this year. France in particular is key - if they vote for Le Pen, the euro and EU are over. Watch for a scramble into safe havens, the dollar, the pound, the swiss franc and of course bitcoin.

3. Italy and Greece making a unilateral exit from the euro. They won't announce this in advance, it will just happen one weekend. They'll announce it on a Friday night and close the banks in the following week, and euros will be swapped into lira or drachma and it will be done. The new currencies will likely be WEAKER than the euro, so the only way for people to protect themselves is to move money into bitcoin before the change. Afterwards is too late because their new money won't buy as much bitcoin.

[burner2014]

It really has really big difference since the 2013 price bumps in just a month while in 2016  it really took more almost a year.
Nevertheless, I am seeking for a greater and positive ahead of 2017, we don't need to argue with this what's important is we have to help each other so bitcoin will continue to rise.

[Jistlad]

It really has really big difference since the 2013 price bumps in just a month while in 2016  it really took more almost a year.
Nevertheless, I am seeking for a greater and positive ahead of 2017, we don't need to argue with this what's important is we have to help each other so bitcoin will continue to rise.

The 2017 will not be the same as the 2013. The price will rise gradually to $2000 or a bit high, not very high.

[BitHodler]

It really has really big difference since the 2013 price bumps in just a month while in 2016  it really took more almost a year.
Nevertheless, I am seeking for a greater and positive ahead of 2017, we don't need to argue with this what's important is we have to help each other so bitcoin will continue to rise.

The 2017 will not be the same as the 2013. The price will rise gradually to $2000 or a bit high, not very high.

People were saying exactly the same at the time the price went through $1200 back in 2013. And we all know how things have ended back then.

Buying at current prices isn't really a problem if we reached $1000 in a slow but far more sustainable manner, but right now it's far too tricky if you ask me.

It doesn't take much for the market to turn into a massive panic sellers hurricane as they take FUD for granted so easily. And then I haven't even mentioned another possible hack.

[deadsilent]

Yeah. We are at $1000 a piece right now and still increasing. But we are a bit far from all time high. 2017 is better year for bitcoin now. I think we could break the all time high since many giant companies now are adopting bitcoin. I think it will happen this first quarter of the year.

[talkbitcoin]

we have reached the same price as it was in 2013 but the time is a completely different time.
at least a dozen new and big services are accepting bitcoin now such as Microsoft, Valve, Dell,... these are accepting bitcoin are real currency and as payment.
and also the trade volume is huge compared to 2013.

[alyssa85]

It really has really big difference since the 2013 price bumps in just a month while in 2016  it really took more almost a year.
Nevertheless, I am seeking for a greater and positive ahead of 2017, we don't need to argue with this what's important is we have to help each other so bitcoin will continue to rise.

The 2017 will not be the same as the 2013. The price will rise gradually to $2000 or a bit high, not very high.

People were saying exactly the same at the time the price went through $1200 back in 2013. And we all know how things have ended back then.

Buying at current prices isn't really a problem if we reached $1000 in a slow but far more sustainable manner, but right now it's far too tricky if you ask me.

It doesn't take much for the market to turn into a massive panic sellers hurricane as they take FUD for granted so easily. And then I haven't even mentioned another possible hack.

Bitcoiners have grown up a bit since then though, haven't they? DDOS attacks on the exchanges are no longer enough to make the price tank. There are a lot more exchanges and people are a lot more careful. There is still a risk that an exchange hack, where people lose their coins, will tank the price. But hopefully people are careful now not to store money in the exchanges anymore.

[Farstdury]

It really has really big difference since the 2013 price bumps in just a month while in 2016  it really took more almost a year.
Nevertheless, I am seeking for a greater and positive ahead of 2017, we don't need to argue with this what's important is we have to help each other so bitcoin will continue to rise.

The 2017 will not be the same as the 2013. The price will rise gradually to $2000 or a bit high, not very high.

People were saying exactly the same at the time the price went through $1200 back in 2013. And we all know how things have ended back then.

Buying at current prices isn't really a problem if we reached $1000 in a slow but far more sustainable manner, but right now it's far too tricky if you ask me.

It doesn't take much for the market to turn into a massive panic sellers hurricane as they take FUD for granted so easily. And then I haven't even mentioned another possible hack.

Bitcoiners have grown up a bit since then though, haven't they? DDOS attacks on the exchanges are no longer enough to make the price tank. There are a lot more exchanges and people are a lot more careful. There is still a risk that an exchange hack, where people lose their coins, will tank the price. But hopefully people are careful now not to store money in the exchanges anymore.

The bitcoin investors are more mature. They will not pump the price too high.

[cellard]

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.

there will be a fork to 2mb to solve momentarily the scale problem, and anyway it's more anonymous than using fiat, and you always have zcash/monero if not satisfied

bitcoin was never meant to be 100% anon, for your information the curent value it's already well enar the last ath, we are in the same boat, another jump and 1200 will be broken

to see if this price is more stable and not manipulated as the last one you can look at two things, how many users there are now compared to the 2013 ath and how much time the price needed to reach this value, which is not the same as 2013

kwukduck is one of the oldest profesional FUDsters on this website. He has been preaching about the end of Bitcoin for years, probably he sold really low and has been grieving about the fact that bitcoin has been on a very solid and healthy uptrend ever since the first 2013 bubble popped.

No matter what happens, kwukduck will always find a way to be negative about it. Try to make any positive bitcoin price prediction, give any argument you want, and he will always tell you how we are all about to crash. We were about to crash we we recovered from the 150 bottom up to 500 ish, and every 100 dollar increase we were nearer that supposed crash, and now here we are, enjoying the 1000+ landscape.

[d5000]

If it breaks the ATH after so long bear - then it will jump much higher than just 2000. 2013 is actually a good model here - breaking ATH was end of February then - look at the charts.

It could break $2000 in the first quarter, I'm not negating it, although I think there will be much resistance because of profit taking in the area between $1500 and $2000. But it is more difficult for the price to double than it was in the first 2013 bubble. In 2013 Bitcoin was basically unknown and barely usable. Today we need a strong capital injection for this.

And I think a strong rally before the final enabling of SegWit will lead rapidly to a crash because of the full blocks. I already am hearing the newbies crying for getting their transactions not confirmed.