Say bye to Triple Digits

[richardsNY]

It's pointless to assume we will not see three figure prices again. It has been proven that the $1000 level is far from a stable price to settle at. Maybe that due to the actions against leverage trading in China we'll see the volatility decline quite a bit, but it's still Bitcoin that we're talking about. Who on earth expected the price to dive below $200 (it went to sub $160) in 2015 after it peaked at around $1160. It's a decline of around $1000!

The 2013 scenario was an unique one. Consider all the variables that contributed to that:

1) MT Gox was the only exchange in the world
2) MT Gox was shown to be a fraud, fake volume everywhere etc
3) The software was not as advanced as it is today
4) Infrastructure was overall weak


List goes now. Now we are safe from all the bullshit. We have several different exchanges, the software is robust, and we got rid of the stupid chinese.

Only up now.

MtGox was the major exchange back then, but definitely not the only exchange. I myself was using Bitstamp and BTC-E back then. Glad I never got involved in MtGox due to their hefty 0.5% fees. If they offered lower fees, I would definitely sign up there, so that was my luck. But for the rest -- we're indeed much further now as Bitcoin has been maturing nicely throughout the years. But it's never a good idea to rule out massive dumps if another major exchange messes up big time (again).

[SmartIphone]

Next stop: MOON 

I wouldnt hurry too much , it was $1,150 and we thought that we are near the moon destination but we weren't.

But that was unexpected random event that caused last price drop, who knew that PBOC will step in and chinese traders will panic and react allergically to the news?
This time there is no need to worry about Chinese market, another intervention of their central bank is highly unlikely. Maybe this will keep price high and stable.

"Moon" is very far from the actual place that bitcoin price is, I know that we are happy to see the bitcoin price at 4 digits.
The panic will always happen and it's not a surprise at least for me, the chinese are chinese and we know how they behave in these situations.

[pitham1]

Next stop: MOON 

I wouldnt hurry too much , it was $1,150 and we thought that we are near the moon destination but we weren't.

We had to stop and unload some of the dead weight (those useless Bears)

There will be some who turn bearish once the price rises. If everybody believes that Bitcoin is going to the moon, who is going to do the selling? 
We have been at $1000 for more than 24 hours now and the support does feel solid.

[Arcteryx]

Next stop: MOON 

I wouldnt hurry too much , it was $1,150 and we thought that we are near the moon destination but we weren't.

We had to stop and unload some of the dead weight (those useless Bears)

There will be some who turn bearish once the price rises. If everybody believes that Bitcoin is going to the moon, who is going to do the selling? 
We have been at $1000 for more than 24 hours now and the support does feel solid.

Expectations do seem high and everything is looking good up to this point. So there has no need to sell any as the hope of it reaching the ath soon is quite high. So why would anyone would want to lose out holding their coins when all signs are pointing up for bitcoin's price?
Just does not make any sense to do that now. Does it?

[RoommateAgreement]

Next stop: MOON 

I wouldnt hurry too much , it was $1,150 and we thought that we are near the moon destination but we weren't.

We had to stop and unload some of the dead weight (those useless Bears)

There will be some who turn bearish once the price rises. If everybody believes that Bitcoin is going to the moon, who is going to do the selling? 
We have been at $1000 for more than 24 hours now and the support does feel solid.

Expectations do seem high and everything is looking good up to this point. So there has no need to sell any as the hope of it reaching the ath soon is quite high. So why would anyone would want to lose out holding their coins when all signs are pointing up for bitcoin's price?
Just does not make any sense to do that now. Does it?

if you are a day trader with short positions it may make some sense. although i never like it in times like this because things become much harder to predict.

in any case if anyone sells he has to be prepared to face the consequenses and lose money and if he waits he may have to face loss too. but the difference in waiting is that if you wait and price goes down you can be sure that it will come back up again so it is no all loss.

[Kevin77]

Next stop: MOON 

I wouldnt hurry too much , it was $1,150 and we thought that we are near the moon destination but we weren't.

We had to stop and unload some of the dead weight (those useless Bears)

There will be some who turn bearish once the price rises. If everybody believes that Bitcoin is going to the moon, who is going to do the selling? 
We have been at $1000 for more than 24 hours now and the support does feel solid.

When nobody will be ready to sell, the triple digit prices of bitcoin would vanish for ever from the usage of denoting bitcoin price levels. Bitcoin prices are seeming so strong above $1000 levels, it means it may go forward for another $200 to $400 distance too.

There maybe some fluctuations in between times due to profit booking and panic selling, but as long as prices are sustaining we can expect $2000 in very quick time itself.

[_nur]

1020 very strong on bitstamp

will have to dive... before climbing up again

[Arcteryx]

Next stop: MOON 

I wouldnt hurry too much , it was $1,150 and we thought that we are near the moon destination but we weren't.

We had to stop and unload some of the dead weight (those useless Bears)

There will be some who turn bearish once the price rises. If everybody believes that Bitcoin is going to the moon, who is going to do the selling? 
We have been at $1000 for more than 24 hours now and the support does feel solid.

Expectations do seem high and everything is looking good up to this point. So there has no need to sell any as the hope of it reaching the ath soon is quite high. So why would anyone would want to lose out holding their coins when all signs are pointing up for bitcoin's price?
Just does not make any sense to do that now. Does it?

if you are a day trader with short positions it may make some sense. although i never like it in times like this because things become much harder to predict.

in any case if anyone sells he has to be prepared to face the consequenses and lose money and if he waits he may have to face loss too. but the difference in waiting is that if you wait and price goes down you can be sure that it will come back up again so it is no all loss.

Well if you say so.
All that I know it is time to buy and that is exactly what i did.
But did notice it very expensive to do it when it cost me 20% then when I did it last year near Christmas time.
So yeah. It is time to hold any if you have it and then sell when it is higher in the next 24 hours.

[Meuh6879]

Moon ?


It's too low my friend ...

[bajing]

Good bye? no we never can say good bye to 3 digits,  there is always have posibble the price fall down maybe there is have possible too the price back down to 2 digits.

[Meuh6879]

maybe there is have possible too the price back down to 2 digits.

[iqlimasyadiqa]

Good bye? no we never can say good bye to 3 digits,  there is always have posibble the price fall down maybe there is have possible too the price back down to 2 digits.

everyone certainly do not want it. we all hope that the price of bitcoin has increased continuously.

[e-coinomist]

1020 very strong on bitstamp

will have to dive... before climbing up again

2% above "Triple Digits". Those markers are arbitrary at best, just pointing out the fact that whole of europe still things Triple Digits and what about the Chinese?
Psychology of numbers is overated. 

[BartS]

Next stop: MOON 

If you say good bye to triple digits the most likely outcome is we are going to have to say hi to them again in the next weeks, but I think that probably in the next 2 or 3 years we will be able to say goodbye to triple digits for sure.

[blackmagician]

It would be more exiciting if we can see 5 digits this year or maybe next 2 years.  Keeping at four digits in price for a long time lessen the chance of bitcoin price to back to three digits.

[pooya87]

Good bye? no we never can say good bye to 3 digits,  there is always have posibble the price fall down maybe there is have possible too the price back down to 2 digits.

haha, ok if we are going to make wild assumptions the i say it is possible but the possibility of going down to 2 digits ($10-$99) is the same possibility of going to 6 digits ($100,000-$999,999).

[Zadicar]

Good bye? no we never can say good bye to 3 digits,  there is always have posibble the price fall down maybe there is have possible too the price back down to 2 digits.

haha, ok if we are going to make wild assumptions the i say it is possible but the possibility of going down to 2 digits ($10-$99) is the same possibility of going to 6 digits ($100,000-$999,999).

Very nice comparison on those assumptions but i dont really think we would crash again so hard and going back to 2 digits price of bitcoin.I would really love to see this current price of bitcoin and im sure all bitcoin users are happy too.We do love to see price increase.

[e-coinomist]

It would be more exiciting if we can see 5 digits this year or maybe next 2 years.  Keeping at four digits in price for a long time lessen the chance of bitcoin price to back to three digits.

Aaaand again, from Chinese new year "Year of the fire rooster" it's merely +12.5% far away into 10 000 Renminbi. Huobi strieved for 8888 on that 28th january because of lucky numbers and whatsnot.

But you cannot guess what that would be in Dollars since the exchange rates are highly political. Just one party deciding to devalue their currency for export economy motivations.

Neither triple nor 4 nor 5 digits are anything stable that could act as a further support line on charts.

[jakelyson]

Suprisingly, the price is holding just above 1000 for a few days now. The price is going sideways, going up for about 1025 and down to 1010. I hope this holds for a few more days then we can really say goodbye to 3 digits and start working up to 2000.

[BitcoinHodler]

Suprisingly, the price is holding just above 1000 for a few days now. The price is going sideways, going up for about 1025 and down to 1010. I hope this holds for a few more days then we can really say goodbye to 3 digits and start working up to 2000.

are you by any chance new to speculation and bitcoin price?
because you have two mistakes here.
first of all there is no surprise for bitcoin price staying above $1000, the surprise was staying below it before. and now after all that accumulation and downtime it is only logical to see $1000+

also what you are calling sideways is a normal fluctuation. which is a small range (for bitcoin it can be up to $50) where price goes up and down because of trades that are happening.