Will we ever see a new all time high?

[jcoin200]

Does anyone truly think we will see $1200+ bitcoin prices?  It seems that with every new altcoin the market cap of BTC will never continue to grow.  Everyone wants to get rich quick with the newest altcoin while taking their money out of BTC.  I am not sure if we will see new highs any time soon because of this.

[gentlemand]

Yes.

Most altcoin investors are looking to take the fastest route to growing their BTC stash.

[DannyHamilton]

Does anyone truly think we will see $1200+ bitcoin prices?

Almost certainly.

It seems that with every new altcoin the market cap of BTC will never continue to grow.

No.  It doesn't seem that way.

Everyone wants to get rich quick with the newest altcoin while taking their money out of BTC.

Gamblers might want to take the huge risk of sinking their accumulated value into something untested, unproven, and with practically no infrastructure or community support.  Intelligent people who are looking for a good long term value will avoid the "fad coin of the day".

I am not sure if we will see new highs any time soon because of this.

You are certainly welcome to your opinion.  I suspect you'll find yourself mistaken.

[Cyberlight]

Soon, just HODL and you will see... 1200 is just the beginning, in a year we have five digits.

[jcoin200]

I am holding my BTC, but just not sure if a new all time high will come any time soon.  Hoping for one, but honestly it is going to take MASSIVE adoption to generate large increase in value.

[DannyHamilton]

I am holding my BTC, but just not sure if a new all time high will come any time soon.  Hoping for one, but honestly it is going to take MASSIVE adoption to generate large increase in value.

This happened just this past November:
http://bitcoincharts.com/charts/bitstampUSD#rg180zig15-minzczsg2013-11-01zeg2013-11-29ztgSzm1g10zm2g25

I don't see any reason that something that just happened less than 4 months ago is no longer possible.

[faiza1990]

I sure we are looking again this high very soon its just some gamblers playing right now so not going up

[jcoin200]

I am holding my BTC, but just not sure if a new all time high will come any time soon.  Hoping for one, but honestly it is going to take MASSIVE adoption to generate large increase in value.

This happened just this past November:
http://bitcoincharts.com/charts/bitstampUSD#rg180zig15-minzczsg2013-11-01zeg2013-11-29ztgSzm1g10zm2g25

I don't see any reason that something that just happened less than 4 months ago is no longer possible.

Umm..
1) buying support from China gone
2) Mt Gox now defunct
3) Anti bitcoin propaganda and several arrests
4) russia bans BTC
5) anti BTC actions by PayPal

to name a few.

[Cyberlight]

Umm..
1) buying support from China gone  will resume soon
2) Mt Gox now defunct good for long term (they are incompetent)
3) Anti bitcoin propaganda and several arrests won't stop bitcoin
4) russia bans BTC not banned
5) anti BTC actions by PayPal fud

to name a few.

http://www.circle.com/

http://www.sec.gov/Archives/edgar/data/1579346/000119312514058712/d562329ds1a.htm

[seleme]

Does anyone truly think we will see $1200+ bitcoin prices?  It seems that with every new altcoin the market cap of BTC will never continue to grow.  Everyone wants to get rich quick with the newest altcoin while taking their money out of BTC.  I am not sure if we will see new highs any time soon because of this.

With each new altcoin there's less bitcoins to be traded for dollars as they're tied into alts. Do I need to explain you what that means for bitcoin market cap? I guess not.

[Ibian]

4) russia bans BTC

This one needs to stop. Russia has banned anything that is not their national currency. In other words, they have granted bitcoin legitimacy. This is good news, not bad.

[kireinaha]

something like 0.001 % of the chinese population got involved with bitcoin, the regulatins we all feared never came to be, so there is no reason that they won't come back for another rally this year. just like everyone else, they'll go through periods of bull and bear markets, we just happen to be bear right now. when the next rally hits later this year or next, it will make november 2013 look like child's play.

[Raize]

Yeah, we'll see a new ATH about a year and a half from now. Maybe a little less. This is definitely a crash, when Gox resumes withdrawals the resulting arbitrage will bring down the other exchanges as well. Get ready for capitulation phase. And no, I'm not joking, I'm very serious and you can mark my words, the date of this post and etc and ask me about how I knew here in a month when it's evident I was right. I would encourage you to do so, in fact. I might not be right about the "year and a half" but I imagine it's closer to right than many other predictions that we'll be right back on to new ATHs in a month or two.

[Pentax]

Yeah, we'll see a new ATH about a year and a half from now. Maybe a little less. This is definitely a crash, when Gox resumes withdrawals the resulting arbitrage will bring down the other exchanges as well. Get ready for capitulation phase. And no, I'm not joking, I'm very serious and you can mark my words, the date of this post and etc and ask me about how I knew here in a month when it's evident I was right. I would encourage you to do so, in fact. I might not be right about the "year and a half" but I imagine it's closer to right than many other predictions that we'll be right back on to new ATHs in a month or two.

I think it's 2015 also.  We need real market drivers, aside from speculation, to drive it back up to that ATH.  That's going to take some time.  This year we're looking for steady growth in infrastructure and hopefully some large announcements, newegg, amazon, paypal, whatever, as well as clarification in regulations and the coming of some real US based exchanges, as well as some of those little wiz-bangs we've been hearing so much about such as contracts, trading platforms etc. that will really stand shit on it's ear.

2-3 years from now, I think it quite possible that we're looking at 2-3K, as the market expands and these other things come online, but it's going to be a long cruise, with plenty of more bumps in the road.  it's still early days.

stick em in a drawer and forget about them for a while.  buy the dips and don't quit your day jobs.

[stylin]

I don't think we'll see another ATH for a long time, maybe 2 years. Reading the replies in this thread makes me feel even more bearish. Price rises start to come when you least expect it, they don't come when everybody and their mom is still long-term bullish. Enough people have to lose faith in order for us to reach ATH's again... that's the way it's always been...

[gentlemand]

If this market was a century old then educated predictions are going to have some weight.

12-18 months ago the demographic was that much narrower that things would've been clearer.

There are too many developments and too many variables, both good and bad, to be confident of anything.

For all we know aliens might land in Times Square tomorrow and demand protection money in Bitcoin or the president of Turkmenistan decrees underpants to be only paid for in crypto.

[Siegfried]

I think there is a lot of new money waiting to come into bitcoin now, but investors are waiting to see if the downtrend continues lower.

[RHCwebhosting]

If $1200 is the highest bitcoin will ever go in the length of its existence I will sell all my worldly possessions and live as a hermit.

[galbros]

Yes.  There are no problems that are not going to sort themselves out.  BTC is clearly here to stay and as a deflationary currency it will go up in relation to other currencies like the USD.

I was a little disappointed that the Argentina crisis didn't help BTC like Cyprus did last year.