$1000: New floor?

[manselr]

Looks like people start getting really nervous when $1000 hits. It starts rallying, then it corrects, and after it goes below $1000, the people that still hold no coins or shorted/sold above $1000, start buying it back and it hits $1000 back... looks like a solid resistance is being formed around $1000. This would be good. Once bitcoin demonstrates that it can recover from such a massive crash and keeps getting $1000 the new psychological floor will be stablished at that value. It would be good if we can spend a couple of days going up and down around the $1000 spot.

[njcarlos]

No, not yet.

[LFC_Bitcoin]

Would be great to see loads of support & a new fooor at $1000 but I don't think we're quite there yet, here's hoping though. Would be bullish AF.

[BitHodler]

Of course people get nervous and anxious at the time the price crosses $1000. For a lot people $1000 is some sort of a psychological barrier.

That being said, no, $1000 isn't a floor. Even $900 has not been a floor as the price tanked well below $900 on several exchanges yesterday.

I expect the price to keep going over and under the $1000 mark in the coming days/weeks. I personally don't mind it as the market needs to find a point to settle at.

[The Sceptical Chymist]

Looks like people start getting really nervous when $1000 hits. It starts rallying, then it corrects, and after it goes below $1000, the people that still hold no coins or shorted/sold above $1000, start buying it back and it hits $1000 back... looks like a solid resistance is being formed around $1000. This would be good. Once bitcoin demonstrates that it can recover from such a massive crash and keeps getting $1000 the new psychological floor will be stablished at that value. It would be good if we can spend a couple of days going up and down around the $1000 spot.

Sounds like a whole bunch of TA nonsense--in other words,  you (and we) have no idea where the price is going.  However,  I am happy we rebounded back to $1000.  It was crazy watching the price this morning drop to below $900.  I really felt like I was back in 2013-14, except this time I actually own some bitcoin.  We have yet to see if this was a dip or what.  There's a long way to drop if the market is so inclined.

[Tanic]

I wouldn't want you to go out and buy bitcoins just because I'm an optimist. I was optimistic even when bitcoin fell from $1100 to $200. So take what I say with a grain of salt. As I learned from Jim Rogers and Warren Buffett, you should never invest in something you don't understand. Listen to the advice of these sages.

[swogerino]

+1 on the $1000 floor.
Have been watching it for pretty much the entire day and it hasn't went past $990 at all.
This is going to be hard long winter then.

[Kemarit]

Looks like people start getting really nervous when $1000 hits. It starts rallying, then it corrects, and after it goes below $1000, the people that still hold no coins or shorted/sold above $1000, start buying it back and it hits $1000 back... looks like a solid resistance is being formed around $1000. This would be good. Once bitcoin demonstrates that it can recover from such a massive crash and keeps getting $1000 the new psychological floor will be stablished at that value. It would be good if we can spend a couple of days going up and down around the $1000 spot.

that's right if bitcoiners will able to make this price to be the new barrier i guess there's a lots of new comer that will join the ride and price will rise up more and more, let say it can be 1200-1400$ for this first quarter it will be depend from what we deliver the more support the more we attract new investors.

[Ilikechineseefood]

Would be nice if this is the new floor but I do not think that it will be the new floor, I think that 1000 dollar is way too high for a real new floor.

[aardvark15]

I think we will see the price go below $1000. That isn't such a big drop. We could easily go down to 800 or lower again.

[BitcoinBarrel]

New Floor: Moon 

[Wind_FURY]

Would be great to see loads of support & a new fooor at $1000 but I don't think we're quite there yet, here's hoping though. Would be bullish AF.

I agree. $1000 broke quite easily if you ask me and it shows the nature of Bitcoin and the Bitcoin traders. Quick gains and quick losses are the name of the game which is why there are people in the mainstream that have a hard time taking it seriously as an investment vehicle.

[lemipawa]

If you have the balls, go ahead and buy now at $962 USD to 1BTC then sell later when it hits $1,000 USD again, then repeat all over again. That is if you have the balls and willing to take the risk. Risk only an amount of money that you can afford to loose. Its either you will be a smart trader or just a mare observer from a distance.

[favelle75]

How can $1000 be a floor when its less than that now?

[Yuuto]

Looks like people start getting really nervous when $1000 hits. It starts rallying, then it corrects, and after it goes below $1000, the people that still hold no coins or shorted/sold above $1000, start buying it back and it hits $1000 back... looks like a solid resistance is being formed around $1000. This would be good. Once bitcoin demonstrates that it can recover from such a massive crash and keeps getting $1000 the new psychological floor will be stablished at that value. It would be good if we can spend a couple of days going up and down around the $1000 spot.

Well $1,000 is sort of a mental barrier for people. When they see that price over $1,000 they have a good positive mindset and therefore buy more and more. But once they've already seen that bitcoin can stay above $1,000 consistently they will think that $1,000 is the new floor.

Prices of goods and currencies are all about psychology. As $1,000 is a nice round number, that is chosen as a barrier. Just like the $100 barrier years before.

[pooya87]

what you are describing is not called "floor" as far as my English knowledge goes
the floor is the price below the current price that even with dumps, the market price can not go below it and it is known as a resistance. and that price is around $950ish.
the $1000 is the ceiling resistance that is forming because short traders are selling at that price and create a sell pressure at that price. and then buy back at 920-950 and make the same bigger resistance at the bottom (bigger because they make profit and have more money)

[Taksonas]

Not gonna happen for sure, it now already lowered again so that is saying enough my eyes right  ? I think that we cannot expect this already now.

[Cryptojunkiez]

No, not yet.

We can also not expect a new floor of 1000 dollar, its just too much and we can already see some signs that it will crash so this is simply not gonna happen this time.

[chaser15]

Looks like people start getting really nervous when $1000 hits. It starts rallying, then it corrects, and after it goes below $1000, the people that still hold no coins or shorted/sold above $1000, start buying it back and it hits $1000 back... looks like a solid resistance is being formed around $1000. This would be good. Once bitcoin demonstrates that it can recover from such a massive crash and keeps getting $1000 the new psychological floor will be stablished at that value. It would be good if we can spend a couple of days going up and down around the $1000 spot.

Hopefully will as I don't want to go back at below $600 to be considered as new bottom. Good thing price decrease happen so that it can test the resistance on how much will the price go down. If around $1,000 or let's say $800 will be established as a new bottom then it's a good start for another road to the price surge performance of bitcoin while time passes by.

No way we can see bitcoin price just continously going up. That how price volatility works.

[traderethereum]

maybe yes and maybe no, i think we hard to guess new floor for bitcoin because its only depend on the market. like when we reach $1100 above then suddenly the price is drop until $9xx, i think people in the market is getting panic so they sold their bitcoin before down too far. but now, i think condition will be back normal and will reach $1000 soon.

[Cristosi]

From now on We can the price of 1,000$ as like as benchmark to consider if it is down or up.
That is good point to watch the bitcoin price in the future. Thank you for your idea, guy.

[Amph]

Not gonna happen for sure, it now already lowered again so that is saying enough my eyes right  ? I think that we cannot expect this already now.

it's $982, it's not like we need un unbelievable increase to reach 1000, we are there, don't expect the market to be precise it's based on supply and demand, which is random

but you still can consider $1k to be the new floor anyway

[ged00u]

Hope that it will not decline under $900. It will cause a lot of damage and make most of the people who hold Bitcoin afraid and then they will start another panic selling again. The China has played an important role in the last event and I wish they know what to do next in order to increase the Bitcoin price. According to the news, China Yuan has risen again. Maybe this is one of the reason why Bitcoin prices dropped

[jtipt]

$1000 can be the new floor but I dont think we have reached that just yet, bitcoin already dropped to 950s and now was back to 1000 but it dropped again to $952(current price) right now price is too volatile. Mostly i would consider $900 to be the new floor, i wont expect BTC to drop below that. 

[Wind_FURY]

If you have the balls, go ahead and buy now at $962 USD to 1BTC then sell later when it hits $1,000 USD again, then repeat all over again. That is if you have the balls and willing to take the risk. Risk only an amount of money that you can afford to loose. Its either you will be a smart trader or just a mare observer from a distance.

Guts? That has nothing to do with trading the markets. Especially the Bitcoin market with its extreme swings and volatility. Having a plan is a better option if you do not want to lose money and be stressed out. My suggestion is to wait it out until volatility is low and then buy the dips as many traders say.

[Huge Black Woman]

Yeh wail, so much fo' that $1000 flo'.  I'm sittin here awatchin' the price, and we done slid awwww the way down ta $828, when jist a day ago we was all the way up above $1100.  Crazy ass market we in. 

Imma 'bout ta pay a visit ta da damn pawn shop, 'cause, fo' real, I thank this here is jist a dip.  We ultimately headed back ta above $1000, and who know.  That there may eventually become a flo'.  Bust this.  Someone go tell China ta stop sellin' the damn bitcoin.  What is they thinkin' over there??

[U2]

The floor obviously isn't 1000 because we're far below that now. Damn. Too many panic sellers I guess.

 My bitcoins still buy me more than they did a few months ago so in happy.

[btcmerich]

We will soon have bigger panic sell,  it will be stable around 600 USD  and maybe try to climb a bit . But the sell pressure will not let this baby fly in a looong time. lets hope i am wrong i would love to  buy at 600 and sell at  1000 range again 

[unknown04]

with current situation, nope... not yet.... not until $1300 imo...

[favelle75]

Is $1000 the floor...or is it the new ceiling?

[Supebox]

Would be nice if this was the case but I see a crash coming soon, people are pumping and dumping right now..

[Vuizel]

Would be nice if this was the case but I see a crash coming soon, people are pumping and dumping right now..

Indeed we can already see that this is not our new floor and we are also back again to the 800 dollar so that is not so good, hope that this will change.

[angaper]

I think it is not so relevant  to know what the floor will be. I think the damage is already done to those who thought bitcoin was coming a stable altcoin and was worth to consider it as a valid savings or payment processor option. Unfortunately it is becoming a business for a few and that bad reputation will sooner or later lead bitcoin to failure.

[pitham1]

Is $1000 the floor...or is it the new ceiling?

It looks like the 2018 target. 
With the price crashing below $750 now, a lot of people will be tempted to cash out at various intermediate levels ($800, $900). The announcements by the Chinese government really seemed to have wrecked its price.

[hase0278]

I would not say that 1000$ is the new floor since it is lower than that at the moment and is 777.7$ according to preev. Ill say that we can certainly say for sure what is the new floor price right after the dumps and pumps that are happening now, and it stabilized for a price greater than or maybe less than 600$ but it will not go down below 400$ in my opinion since it is holding pretty strong to it's price range now.

[Hazir]

No we have a glimpse of how volatile and whimsical bitcoin market really is. A week ago triumphant march to victory, price was skyrocketing.
And now look. At first sight of regulations Chinese whales liquidated their holdings and price is crumbling. As long a China is 'in charge' of bitcoin trading we may never see new ATH again.

[aso118]

No we have a glimpse of how volatile and whimsical bitcoin market really is. A week ago triumphant march to victory, price was skyrocketing.
And now look. At first sight of regulations Chinese whales liquidated their holdings and price is crumbling. As long a China is 'in charge' of bitcoin trading we may never see new ATH again.

We will eventually see an ATH. I bet that it will be in 2017.
The rally during end-December was too fast, but the upward trend will soon resume.

[btcdevil]

No we have a glimpse of how volatile and whimsical bitcoin market really is. A week ago triumphant march to victory, price was skyrocketing.
And now look. At first sight of regulations Chinese whales liquidated their holdings and price is crumbling. As long a China is 'in charge' of bitcoin trading we may never see new ATH again.

We will eventually see an ATH. I bet that it will be in 2017.
The rally during end-December was too fast, but the upward trend will soon resume.

This is the hope everyone is having who ever is holding bitcoin, this selling pressure is due to short term traders and due to chinese govenment new rules. But still in long term we will be seeing a good price

[Hazir]

No we have a glimpse of how volatile and whimsical bitcoin market really is. A week ago triumphant march to victory, price was skyrocketing.
And now look. At first sight of regulations Chinese whales liquidated their holdings and price is crumbling. As long a China is 'in charge' of bitcoin trading we may never see new ATH again.

We will eventually see an ATH. I bet that it will be in 2017.
The rally during end-December was too fast, but the upward trend will soon resume.

It was fast, but it was sustainable and organic and not caused by some shady play behind the scenes (unlike that pump originated by Mt.Gox in 2013).
Price race was stopped not because traders dumped to earn money, but because they were scared of Chinese regulations/possible ban.
I am afraid that this FUD might linger on and effectively dim every attempt of pushing the price higher. We need some serious positive news to fight  back.

[Cryptojunkiez]

1000 dollar is a new floor without any doubts and I think that we should not say its not true, it will just take a while before its back and that it will be a new floor for sure.

[MrJacobus]

1000 dollar is a new floor without any doubts and I think that we should not say its not true, it will just take a while before its back and that it will be a new floor for sure.

Yes this can come but what you say is true we should wait on it and also hope that it will occur slowly so it will be more stable.

[pacifista]

1000 dollar is a new floor without any doubts and I think that we should not say its not true, it will just take a while before its back and that it will be a new floor for sure.

Yes this can come but what you say is true we should wait on it and also hope that it will occur slowly so it will be more stable.

Its not impossible that the new stable botton of bitcoin is 1000$. We might witness bitcoin bouce its price to a new level, we may see 2000$ price for the first time in the history  of bitcoin that will happen this year.