What would you consider a new ATH?

[Amph]

2k? but a real ath should be 10x time higher, of the previous stable value

if we consider the previous stable one $700, then you need to reach $7k, which is highly improbable

one would think that passing above 1200 would be the new ath, but it is not even 2x the recent stable value($700), so i would just view it as a regular increase

[1714942311]

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[fichtn12345]

2k? but a real ath should be 10x time higher, of the previous stable value

if we consider the previous stable one $700, then you need to reach $7k, which is highly improbable

one would think that passing above 1200 would be the new ath, but it is not even 2x the recent stable value($700), so i would just view it as a regular increase

uhm... ATH means all time high. so if the price is even 1 cent higher than the old ath it is a new ATH by definition. hence the discussion what is the ath at the moment. But i would not be surprised to see an end to this discussion very soon because btc established a new ath on all exchanges.

[Le Happy Merchant]

I remember Mt. Gox going to $1250.

[d5000]

I remember Mt. Gox going to $1250.

1242 USD is correct according to http://bitcoinity.org/markets/mtgox/USD. Also bitcoincharts.com shows that BTC on MtGox never reached $1250, nor on the first top on November 29, 2013 nor on the second on December 4/5 of the same year.

Well, we've seen now: Traders have agreed that the Bitstamp ATH is at least a major resistance. Let's see how this plays out (I'm still bullish, although a sideways or bearish market would be better for Bitcoin now until SegWit is enabled.)

[d5000]

OK, we're approaching the ATH again - $1100 were touched this evening by Bitfinex. So this thread gets relevant again and I think we'll test again the levels of the December/January rally.

The recovery was a bit strange this time - much slower - and more sustainable - than in similar "dumps after highs" in 2013. So it's definitively possible that we'll also test the MtGox high. But first we'll see if the Bitstamp ATH still is regarded valid by the trader community. My guess is that there will be much resistance again at that level ($1140-63).

[Pearls Before Swine]

I chose the Bitfinex value, because Mt. Gox in 2013 was just schizophrenically out of touch with all known measures of reality.  That can't be our ATH whenever we reach it.

Related to this, I do think we're going to be approaching it fairly shortly, just by momentum alone.  We've been flatlined at $1050 for a bit, and I'm anticipating a shot up to $1100.

[poloniexwhale]

The previous ATH were broken because bitcoin is so huge market, and it will bull for a long time, I hope we can hit 10000 usd for a new and impressive ATH.

[tn211]

If the bitcoin ETH goes through really the sky is the limit. A lot of investment firms will join this revolution.

Else we may see bitcoin rise to 1500 dollars this year. But beating the last ATH will happen, i've thought about it and yes now is the time.

[Text]

I consider the highest ATH which is the 1200+, it is more challenging if we know we are wanting to break the highest value. I also believe that this is the time, this year we will break the ATH and I don't doubt it. The bitcoin trends very smoothly.

[d5000]

The Bitstamp and Bitfinex ATH's didn't show much resistance. I wouldn't have predicted such a fast break-through. But I'm personally OK with it - and as the upswing was slower than in other occasions it was also more sustainable.

Now the third step is the MtGox ATH of $1242. Due to the fast breakthrough at $1163 and $1175, I estimate there could be a little bit more of resistance. Also it has taken the lead in the poll. But I don't think that it could stop the rally train for more than 1-2 days. As all "Bitcoin veterans" know it was a fake ATH because cashing out fiat out of MtGox at this time was still possible but the bank wires needed more than three weeks - so there was a lot of uncertainty and smart people already tried to get their BTC out of there.

[TimoY]

smart people already tried to get their BTC out of there.

Smart people already tried to get their BTC out of mtgox in the summer of 2014. All the warning signs that there was something seriously wrong with mtgox were already loud and clear by then.  If you waited for as long as December 2014 to get your BTC out, you were not smart.

[talkbitcoin]

i disagree with even talking about a "Bubble Price". because such price has been fake and should be ignored. so all the prices during 2013 bubble should be ignored and the prices that we saw so far were each ATH.

the newest one was $1166 on bitfinex and now it has been broken since we are above $1200

[1Referee]

Now the third step is the MtGox ATH of $1242. Due to the fast breakthrough at $1163 and $1175, I estimate there could be a little bit more of resistance. Also it has taken the lead in the poll. But I don't think that it could stop the rally train for more than 1-2 days. As all "Bitcoin veterans" know it was a fake ATH because cashing out fiat out of MtGox at this time was still possible but the bank wires needed more than three weeks - so there was a lot of uncertainty and smart people already tried to get their BTC out of there.

It will create a great feeling of relief once we smash the Gox ATH to pieces. I think Mark is still looking proudly at the charts that the price has still not broken through *his* artificially created ATH.

Smart people already tried to get their BTC out of mtgox in the summer of 2014. All the warning signs that there was something seriously wrong with mtgox were already loud and clear by then.  If you waited for as long as December 2014 to get your BTC out, you were not smart.

Even at the time frame you're referring to it was still difficult for people to cash out funds (cashing out BTC was next to impossibe). In that regard it should have been clear far earlier that this exchange should have been avoided. MtGox was releasing funds every now and then to keep the impression alive that they do process cashouts, while in fact it was utterly difficult. Those that MtGox let cash out are the lucky ones.

[Apraksin]

Gox ATH is the psychological point regardless of all the fuzz that went on there at the time. I will not consider ATH broken before we pass 1242 $.

[uki]

Gox was the biggest exchange at the time and the place everyone used as a proxy for bitcoin price so I go with the GOX price (at least for in US$ )

I agree. You have to take the context from these days into account. Back then it was Mt. Gox and pretty much only Mt. Gox. Therefore, and despite the price manipulation scheme, their result should be considered as the ATH value. Still, this discussion is not really important as these are just chartists tricks to paint the chart - one off transaction bears much less meaning than price at volume information.

[digaran]

Here is the thing, bitcoin has no ATH and shouldn't have at all, if you think price will rise even more than $1200 then you should go for it with all you've got. have you ever thought about the last year? when price was at $400 ranges, what stops you from buying now?
How much bitcoin really worth to you? are you just waiting for others to risk their money to push the price towards the ATH?

[uki]

Here is the thing, bitcoin has no ATH and shouldn't have at all, if you think price will rise even more than $1200 then you should go for it with all you've got. have you ever thought about the last year? when price was at $400 ranges, what stops you from buying now?
How much bitcoin really worth to you? are you just waiting for others to risk their money to push the price towards the ATH?

Buying right now is very risky if you ask me. Have a look at the technical indicators and how much space do they have to the upside. Of course we can continue to rise for a while longer, but risk/reward is a bit too big for me to consider buying at these price levels.

[Apraksin]

are you just waiting for others to risk their money to push the price towards the ATH?

Yes

[BitHodler]

Here is the thing, bitcoin has no ATH and shouldn't have at all, if you think price will rise even more than $1200 then you should go for it with all you've got. have you ever thought about the last year? when price was at $400 ranges, what stops you from buying now?
How much bitcoin really worth to you? are you just waiting for others to risk their money to push the price towards the ATH?

Buying right now is very risky if you ask me. Have a look at the technical indicators and how much space do they have to the upside. Of course we can continue to rise for a while longer, but risk/reward is a bit too big for me to consider buying at these price levels.

Buying at current prices for short term purposes is a gamble since the price can literally move into any direction at this point.

But if you just plan to hodl your coins for at least a year, (preferably longer of course) then you can still enter at these prices. It all depends on your intentions.

[d5000]

Gox ATH is the psychological point regardless of all the fuzz that went on there at the time. I will not consider ATH broken before we pass 1242 $.

The price evolution seems to confirm this after the 1220->1090 dump. There seems to be much more resistance at this point than at the Bitstamp/Finex highs. But price is rapidly increasing again and I expect the next attack to $1220-1240 range in the next 24 hours.

It would be good to consolidate first (let's say a sideways market between 1160 and 1200) to break through in a sustainable way, but traders are not rational beings in front of a rally

@TimoY: You are obvously right ... but the people that got out their money in December were still smarter than the believers that stayed there until the end ... that were not so few (I was among the lucky people who smelled the shit late but still got their BTC out, although I never had large funds in MtGox).