Bitcoin still 300% of the Price 1 Year ago.

[Bitcoinpro]

And only roughly 40% below its peak and since that this was a short lived high you could actually

say its still relatively equal to its medium term price or maybe slightly higher. Its hasn't been around

long enough yet to really gain a historical price and these need to be adjusted for inflation too,

don't forget that when you look at the Historical price of assets like gold silver iron or oil that

the money supply is much greater and even though in dollar terms they look more expensive this

may just be because you don't have such an easy access to the money supply that governs them.

You could say in the last year money supply could possibly have increased 10% so the  actual price

today of Bitcoin to 1 year ago adjusted to inflation could be $40 lower than what it is

currently, which makes even more sense and brings its slightly closer to its medium term price while

still on a fairly reasonable upward trend since it is retroactively absorbing inflation.

[galbros]

This is comforting but I wonder if we'll be able to say the same in November.  Bitcoin has had ups and down but usually is higher than it was a year ago.  However, this coming winter will be a big test.

Good Luck.

[fusioncoins]

We have to wait and see.
If November we'll have still 500$ level will be an huge loss in last year.

[iluvbitcoins]

I expected bitcoin to reach 1k again at the end of 2014., but hell

when I started using we were 120, so I'm happy

[ajareselde]

I expected bitcoin to reach 1k again at the end of 2014., but hell

when I started using we were 120, so I'm happy

lol, i starte when it was only like 5$, but i still need it way higher before i can say im happy about it.

Its hard for regular folks to resist the temptation to sell when it spikes in price insanely..

I agree we will likely see over 1k$ per btc by new year, but im wishing for much more ^^

[Ayers]

the average increase per year is what it matters, not certainly the swing that may occur, it looks like not many have understood this

[InwardContour]

the average increase per year is what it matters, not certainly the swing tha may occur, it looks like not many have understood this

Exactly, let's wait for the end of the year before make worthless comparisons, I have never been disappointed with bitcoin value, it's still growing, and fast.

[BitcoinBobbeh]

This is comforting but I wonder if we'll be able to say the same in November.

This.

Once December hits and we aren't at $1,000 I think some of you to-the-moon weirdos might finally calm down.

Not to say I wouldn't like moon 

[xkeyscore89]

the average increase per year is what it matters, not certainly the swing tha may occur, it looks like not many have understood this

Exactly, let's wait for the end of the year before make worthless comparisons, I have never been disappointed with bitcoin value, it's still growing, and fast.

I think it would be a long shot to say that bitcoin will close the year above $1,000 as this would be more then double the current prices, although bitcoin has gone up 10x in less time in the past. However I really do not see anything that could potentially cause the price to go up like this.....except possibly the Ross Ulbright trial.

[leezay]

Any asset class that go up by 300% will eventually have correction to weed out the weak hand. Once the weak hands are shaken out, it may or may not have another rally.

[niothor]

We have to wait and see.
If November we'll have still 500$ level will be an huge loss in last year.

Indeed if price stays the same , in just 4 months we will have to say , bitcoin has lost 50% of it;s value.
But probably then most bullish people will say , hey bitcoin has gained 5x in two years.

Choosing randomly the times of comparison is no way tot do it.

[dothebeats]

Bitcoin's price volatility affects much of its peers and investors' decision to buy it. We saw bitcoin reached its ath in November 2013, and we also saw it dropped to $450 per coin. Imo, these things are only normal to bitcoin's nature, which makes it an interesting topic to watch, study, and take part in.

[Jamacn]

Yes, the price is still reassuring now

[iluvpie60]

And only roughly 40% below its peak and since that this was a short lived high you could actually

say its still relatively equal to its medium term price or maybe slightly higher. Its hasn't been around

long enough yet to really gain a historical price and these need to be adjusted for inflation too,

don't forget that when you look at the Historical price of assets like gold silver iron or oil that

the money supply is much greater and even though in dollar terms they look more expensive this

may just be because you don't have such an easy access to the money supply that governs them.

You could say in the last year money supply could possibly have increased 10% so the  actual price

today of Bitcoin to 1 year ago adjusted to inflation could be $40 lower than what it is

currently, which makes even more sense and brings its slightly closer to its medium term price while

still on a fairly reasonable upward trend since it is retroactively absorbing inflation.

i don't really see where anyone sees an "uptrend" except for they think "it must happen because it happened before". honestly that is all i seem to get out of people.

more companies are allowing people to pay with btc, but that doesnt mean they will. you can pay with paypal in grocery stores and tons of different places and blah blah, do you see a majority of people paying with paypal? nope, and the majority of people WILL NEVER be concerned about where their money is going. we are going to have to accept that and move on to just getting more ppl to use it.

[w4ssop]

Yes it is (almost) 300% than last year but who knows if in a few months we will see a new bubble, that's the point.

[Bitwayup85]

BTC had many ups and downs, but its stable in my opinion. I expect to rise till 700 by this 2015 Jan.

[Rakitich]

Exactly, people dont like to look at the big picture and enjoy the panic it seems. 

[datehunter]

BTC had many ups and downs, but its stable in my opinion. I expect to rise till 700 by this 2015 Jan.

Bitcoin's value isn't "stable", it's exponential growth is unpredictable in my opinion.

[Ayers]

this mean that bitcoin is increasing at 60% rate every year? counting from 2010(from the 1 january)

[CryptInvest]

Bitcoin certainly will block up, but to call timing is not real. Once the law becomes known to most, it ceases to exist.