$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.