is 2017 the new 2013?

[European Central Bank]

DDOS attacks on the exchanges are no longer enough to make the price tank.

planned maintenance on bitfinex is enough to tank the price, let alone their glitches, hacks and screw ups. that will always, always be a factor.

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[susila_bai]

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.

about newbies crying is that due to mainly low transaction fees apart from that who ever is paying the proper fees according to the price of bitcoin they are getting their transaction fast, and i am thinking that for some days if the price stays in 1k range then next move will give more upward as just like it happened when it was roaming in $600 to $700 range and it broke and now the price is 1k +.

[Pearls Before Swine]

There's no one on this forum who can predict (correctly) the future.  But everyone's going to try. 

This is looking to be better than 2013, or at least not as bubbly.  Bubble-like.  Gains are huge, but not exponential and unsustainable like in 2013.  That's what I think anyway.  I'm not too great at predicting the future either.

[alyssa85]

DDOS attacks on the exchanges are no longer enough to make the price tank.

planned maintenance on bitfinex is enough to tank the price, let alone their glitches, hacks and screw ups. that will always, always be a factor.

People have moved away from bitfinex since their hack though, haven't they? With luck some of the better exchanges will end up handling most of the volume and the weak exchanges will fade away.

[lionheart78]

There's no one on this forum who can predict (correctly) the future.  But everyone's going to try. 

This is looking to be better than 2013, or at least not as bubbly.  Bubble-like.  Gains are huge, but not exponential and unsustainable like in 2013.  That's what I think anyway.  I'm not too great at predicting the future either.

If you remove correctly on that I bet everyone can  People who have proper and right statistics and information can predict the trend of Bitcoin price more accurately.

As for 2017 being the new 2013, if you are talking about ATH being reach then more certainly it is.  But if we are talking about Bitcoin as a whole, I think no.  Bitcoin today have more solid foundation of the price than way back 2013.  New sets of fresh people to support the market sell offs, More legit merchants and price does not rise in one month.  It was a whole year process to reach $1k bitcoin.

[Syke]

2013 was Willybot. No Willybot this time. This is quite different.

[Tanic]

I am sure that 2017 is going to be the best year in all bitcoin's history. Maybe only in the case if the price it can be compared with 2013 year and only that. You can't compare the level of protection of this years and how much bitcoin get spreaded over the world.

[veleten]

2017 rise is different from 2013
2013 was an abrupt peak followed by 2014-2015 lows
what we see now is a steady,gradual rise which is way better longterm
it is harder to scare the holders and people are no longer panic selling after an exchange DDOS or blockchain glitches
bitcoin adoption is growing,its no longer a risky volatile novelty
we don't know what the price will be this year,but I hope it will keep growing

[Silberman]

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.

And the problem is we have not got over any of those crisis and others have come on top of it, the Greek problem is still there and probably we will have some crisis in Spain in Italy in the next decade, the great britain leave the euro zone and more.

[lumeire]

DDOS attacks on the exchanges are no longer enough to make the price tank.

At least this year, we've got better infrastructure on the way, larger adoption and marketbase, and less coins mined. The price isn't gonna tank as much as it did back in 2013.

planned maintenance on bitfinex is enough to tank the price, let alone their glitches, hacks and screw ups. that will always, always be a factor.

[Farma]

This year may be a bit similar to bitcoin in 2013. however, I am confident that this year will be a revival of bitcoin. bitcoin might have been equipped with a new system, so as to make the system better defense, so, bitcoin prices will not go down in significant amounts. I believe, this year, the price of bitcoin can reach more than $ 1,100.

[zby]

I can see most commenters here compare the behaviour near 2013 tops to what is happening now. But ware are not yet past the previous ATH - if the comparison is to have any meaning it should be about comparing now to February 2013. Personally I believe 2013 will come out as a good model for 2017. That would put the target for the top around $30K (30 times previous peak - just like 1000 is 30 times 30).

[hoian0809]

This year may be a bit similar to bitcoin in 2013. however, I am confident that this year will be a revival of bitcoin. bitcoin might have been equipped with a new system, so as to make the system better defense, so, bitcoin prices will not go down in significant amounts. I believe, this year, the price of bitcoin can reach more than $ 1,100.

We be careful, it's almost the exact same scenario as last time...What will be the 2017 MtGox?

[dalexc]

With all the new events to consider since the last run up till now. I think it's safe to say that this is a real legitimate move upward. Of course it will have its pull back and mini crash; however, the overall picture looks very bright.

[SamMurphy]

It can be like 2013. We can't be 100% sure. But if it is, it will benefit many people. I hope will happen something like that :p Although it can be much different than that and we will see something we haven't see yet.

[European Central Bank]

People have moved away from bitfinex since their hack though, haven't they? With luck some of the better exchanges will end up handling most of the volume and the weak exchanges will fade away.

still usd number one some of the time. bitcoiners have a little stockholm syndrome problem. i dunno what it would take to get them to stop abusing themselves.

[600watt]

I can see most commenters here compare the behaviour near 2013 tops to what is happening now. But ware are not yet past the previous ATH - if the comparison is to have any meaning it should be about comparing now to February 2013. Personally I believe 2013 will come out as a good model for 2017. That would put the target for the top around $30K (30 times previous peak - just like 1000 is 30 times 30).

a $30k peak would do it for me. certainly. i hope your reasoning is sound...

[justdimin]

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

2017 is going to bring an unbelievable price levels for bitcoins like $5000, yes it is going to happen within this January month as Chinese government itself supports the bump of bitcoins. Similar to the known fact of China has largest reserve of US dollars, now they are aiming to have huge amount of bitcoin hoarding.

Even it is not an healthily environment of support from a government, bumping bitcoins will bring mass adoptions in other countries too. So we need to accept it.

2017 will be a remarkable year for bitcoin hodlers for sure.

[bamboylee]

2017 is going to bring an unbelievable price levels for bitcoins like $5000, yes it is going to happen within this January month

While everyone wanted the price to reach that high, it is not healthy to dream too much. If it is going to rise to $5000 in just a month time, it will just burst like what happened in 2014.

[27QVUTZj8rgZP1]

I'm just observing its price rise... And wondering when will it fall? 

"this is to da moon gentlemen"