When do you think BTC will skyrocket again?

[BitcoinSteve]

Next month?  2? a year?  Speculate here..

[1713522539]

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[1713522539]

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[pungopete468]

I suspect it will begin to climb this week and sustain a positive trend through January.

Another major factor to consider is that here in the US we have another government shutdown looming in February...

I'm very confident that all cryptos will increase in demand after that.

[Bitcoin Oz]

I think overstock accepting it will give it a nice bump. But when the hedge funds move in to bitcoin in a large way it will go to the moon

[Kryptox]

What's your definition of skyrocket?  For me it skyrockets every few hours.

If you're asking when it's going to hit $5,000...well if you look at the charts, you'll see that price surges to about 400% of the previous high roughly 4 months after the last major retrace.

Disclaimer: Past performance is not indicative of future success.

[BitcoinSteve]

What's your definition of skyrocket?  For me it skyrockets every few hours.

If you're asking when it's going to hit $5,000...well if you look at the charts, you'll see that price surges to about 400% of the previous high roughly 4 months after the last major retrace.

Disclaimer: Past performance is not indicative of future success.

Thanks!  Do you believe the winkle twins that it will hit 40k?

[Kryptox]

What's your definition of skyrocket?  For me it skyrockets every few hours.

If you're asking when it's going to hit $5,000...well if you look at the charts, you'll see that price surges to about 400% of the previous high roughly 4 months after the last major retrace.

Disclaimer: Past performance is not indicative of future success.

Thanks!  Do you believe the winkle twins that it will hit 40k?

Without a doubt.

[Doublelucky]

The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges

After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it

[cr1776]

I suspect it will begin to climb this week and sustain a positive trend through January.

Another major factor to consider is that here in the US we have another government shutdown looming in February...

I'm very confident that all cryptos will increase in demand after that.

They reached a deal on that so as of now it seems to be a nonissue. :-)

[jonanon]

If only I knew! Get Christmas out of the way and think we'll see a steady increase from there.

[BittBurger]

The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges

This.

This is the real issue on the table for the next month.  Unfortunately I expect that it will go down, down down (or stay the same if other countries can support the price)... until Jan 31.   After that, its a fresh start for everyone.

I think I read that overstock wasn't planning to add it until mid year or later.

-BittBurger-

[TERA]

It all needs to start with a full capitulation on Bitstamp, acting on it's own without following btcchina. Volume needs to be found again at it's natural level, and then there needs to be a rise on consistently high volume also.

[BitcoinBarrel]

Bitcoin is still not mainstream. Once some big players get involved like PayPal, Ebay, etc. you will see it really take off. It could be next year or 2015 we'll see.

[gentlemand]

The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges

After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it

I would hope that buyers and sellers were rational enough to regard this as inevitable and plan accordingly. No doubt it'll make things wobble anyway.

[BittBurger]

The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges

After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it

I would hope that buyers and sellers were rational enough to regard this as inevitable and plan accordingly. No doubt it'll make things wobble anyway.

I don't think that its very widely known that Chinese investors have been given until Jan 31 to get out of Bitcoin completely.

I randomly heard about it in a podcast, but have seen nobody discussing it here much.

No matter what buyers and sellers do on our end, we can't stop the potentially tens of thousands of Chinese who may "dump" their coins over the next 45 days.

[BitcoinSteve]

The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges

After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it

I would hope that buyers and sellers were rational enough to regard this as inevitable and plan accordingly. No doubt it'll make things wobble anyway.

I don't think that its very widely known that Chinese investors have been given until Jan 31 to get out of Bitcoin completely.

I randomly heard about it in a podcast, but have seen nobody discussing it here much.

No matter what buyers and sellers do on our end, we can't stop the potentially tens of thousands of Chinese who may "dump" their coins over the next 45 days.

What would happen then?  Price drop?

[UnDerDoG81]

Question is, will $40k will be worth $40k when BTC arrives at $40k 

[BittBurger]

What would happen then?  Price drop?

Honestly I'm not sure, but that's the assumption.

I guess it depends on how quickly.  How many people.  How many coins.

Is China still the thing propping us up?

Remember:  Before china we were at $150-200 pretty consistently.  

China took us from $200 to $1200 practically overnight.

Now remove China completely from the equation.   Will we go back to $200?

Its probable that a lot more people got in over the last 2 months.  Maybe enough to support a $300 price.  Maybe $400.   Maybe even $500.  

-B-

[TERA]

What would happen then?  Price drop?

Honestly I'm not sure, but that's the assumption.

I guess it depends on how quickly.  How many people.  How many coins.

Is China still the thing propping us up?

Remember:  Before china we were at $150-200 pretty consistently.  

China took us from $200 to $1200 practically overnight.

Now remove China completely from the equation.   Will we go back to $200?

Its probable that a lot more people got in over the last 2 months.  Maybe enough to support a $300 price.  Maybe $400.   Maybe even $500.  

-B-

I thought it was China that brought us out of the silk road crash too.

[keewee]

The real question is what will happen to the price approaching January 31 2014 - the apparent deadline for RMB withdraws from Chinese exchanges

After that is anyone's guess.. the price will probably take a few hits along the way though as various governments and banks start to take a stance on it

I would hope that buyers and sellers were rational enough to regard this as inevitable and plan accordingly. No doubt it'll make things wobble anyway.

I don't think that its very widely known that Chinese investors have been given until Jan 31 to get out of Bitcoin completely.

I randomly heard about it in a podcast, but have seen nobody discussing it here much.

No matter what buyers and sellers do on our end, we can't stop the potentially tens of thousands of Chinese who may "dump" their coins over the next 45 days.

That's not strictly correct. Jan 31 is when withdrawals from the exchanges through traditional means come to an end afaik. Chinese investors can still hold their bitcoins as long as they want, and trade on other exchanges if they have the ability to withdraw in other currencies. They can also buy and sell otc as much as they want. I would imagine, also, that the exchanges are busy trying to come up with solutions so they can continue to operate after that date.

[EvilPanda]

What would happen then?  Price drop?

Honestly I'm not sure, but that's the assumption.

I guess it depends on how quickly.  How many people.  How many coins.

Is China still the thing propping us up?

Remember:  Before china we were at $150-200 pretty consistently.  

China took us from $200 to $1200 practically overnight.

Now remove China completely from the equation.   Will we go back to $200?

Its probable that a lot more people got in over the last 2 months.  Maybe enough to support a $300 price.  Maybe $400.   Maybe even $500.  

-B-

It shouldn't be that bad. We have Gox opening worldwide transfers ( probably hoping to invite some Chinese). We have possible new exchange opening in the UK and one already up in India.

If china sells there will be people screaming "shut up and take my money" everywhere. Just ask yourself now - would I buy at $200? I sure would, which means it won't go that low.