We are going to see a big surge in price and it will happen in a course of days, remember that last time we went from 600 to 1000 it took less than 15 days, so once it starts pumping and we get in the 800 territory, panic buy will kick in, 800 and 900 will go out quick and we will be sitting at 1000+, some people will panic sell at 1000+, it will correct a little, less than people think, then the people that missed the boat will jump in as soon as it goes below 1000, pushing the price to the next ATH.
I dont think so that the surge would happen again the same on the previous years of bitcoin especially on year end part. Even we saw the price is increasing and we are on a bullish trend its doesnt still guarantee that we could able to reach $1k in no time.Huge adoption would really be needed to achieve this and there were no more panic selling and buying because bitcoin as of now does have a strong support and resistance. Breakouts wouldnt possible in a short period of time. 
Topic: 1000+ is anytime now - page 15. (Read 12764 times)
Been waiting for this ATH for a long long time. Ive been in bitcoin way back 2014 and the highest i reaches was .650 going down. Now i cannot wait for bitcoin to pass the 1000$
We are going to see a big surge in price and it will happen in a course of days, remember that last time we went from 600 to 1000 it took less than 15 days, so once it starts pumping and we get in the 800 territory, panic buy will kick in, 800 and 900 will go out quick and we will be sitting at 1000+, some people will panic sell at 1000+, it will correct a little, less than people think, then the people that missed the boat will jump in as soon as it goes below 1000, pushing the price to the next ATH.
you are forgetting at least 10 other factors here which doesn't let bitcoin price go up fast in a pump but instead go up slowly like it has been the last year or so.
the most important one is the absence of mtgox and willybot which was the reason for the last pump and also the fact that mtgox was the biggest exchange with more than (i think) 70-80% of the volume.
the other factor is that people are trading bitcoin and they are expecting rises to dump and buy back at the dip and that always slows rises down.
It's definitely good to see bitcoin keeping stable value. Even at 750$. Would rather have it at 750$ for months than $1000 one week and $500 the next...
I also prefer a stable price level over a short lasting peak to whatever price level from a holder's point of view, but as a trader I wouldn't mind seeing the price reach $1000 and a sharp fall to the far lower side of that price level. It means profit. But yes, if we do end up reaching the $1000 level, it will be a short lasting party as dumps will prevent the price from settling above that level. By that time it would be a frequent occurrence to see +$100 price swings in a matter of days. I personally don't even think we'll be able to settle above the $700 level for long. My guess is that we'll enter the new year below $700.
It's definitely good to see bitcoin keeping stable value. Even at 750$. Would rather have it at 750$ for months than $1000 one week and $500 the next...
It looks like about $750 will be our stable price for now and i agree with you it's better to have a stable price than unstable but dropped next.We are optimistic to bitcoin and someday the price will be hits $1000 and maybe higher.
You forgot one very important part of your prediction: why?
Did you see something on TV that made you think of this? Or just thought there weren't enough threads made referencing this arbitrary even number of $1000USD?
Yes. $1000 is going to happen. But what happened in the past was a huge surge and right now we're not seeing that. I'm not saying it can't happen, just why do you think it will? I would like to see consistent steady growth IMO rather than a huge surge, crash, then the people that came on board during the surge / crash hate bitcoins now because they lost so much money. You have to remember that people are stupid so if they see the price surging they'll hang on until it crashes back down to a normal value, be pissed about it and never use bitcoins again. A normal rate of adoption would be much much better.
Did you see something on TV that made you think of this? Or just thought there weren't enough threads made referencing this arbitrary even number of $1000USD?
Yes. $1000 is going to happen. But what happened in the past was a huge surge and right now we're not seeing that. I'm not saying it can't happen, just why do you think it will? I would like to see consistent steady growth IMO rather than a huge surge, crash, then the people that came on board during the surge / crash hate bitcoins now because they lost so much money. You have to remember that people are stupid so if they see the price surging they'll hang on until it crashes back down to a normal value, be pissed about it and never use bitcoins again. A normal rate of adoption would be much much better.
Well it's very easy. Bitcoin is about to get segwit, and with segwit pandora's box is opened, sidechains, confidential transactions, lighting network... everything is possible.
Then add in the fact that countries like China keep making their citizens move their wealth away, and we will see a big surge in price.
Trump is yet to enter office, and I think this stupid hype on markets and dollar will end soon too.
Those are all valid reason for a 1000$+ price rise. The only reason to hold bitcoin is (other than possible price pumps) because i want some of my wealth outside of banking system, outside of a physical form, out of eyes. The only person who knows their existance is me.
Still it is just too easy to break bitcoin's possible price rise. It only takes a ban from a major country and its over.
If China senses a threat from bitcoin, i am pretty sure the Chinese gov will consider banning it. You can say, "oh who gives a crap people will use it anyway" If you think a little bit harder, you will realize that China owns the mining business. If the gov bans bitcoin, all of the miners will be gone. Disaster.
I would not be that fatalistic about that scenario as others would fill in. It's gonna be the iron law of supply and demand in action. Surely, the price would drop, but Bitcoin won't be dead, far from it.
You forgot one very important part of your prediction: why?
Did you see something on TV that made you think of this? Or just thought there weren't enough threads made referencing this arbitrary even number of $1000USD?
Yes. $1000 is going to happen. But what happened in the past was a huge surge and right now we're not seeing that. I'm not saying it can't happen, just why do you think it will? I would like to see consistent steady growth IMO rather than a huge surge, crash, then the people that came on board during the surge / crash hate bitcoins now because they lost so much money. You have to remember that people are stupid so if they see the price surging they'll hang on until it crashes back down to a normal value, be pissed about it and never use bitcoins again. A normal rate of adoption would be much much better.
Did you see something on TV that made you think of this? Or just thought there weren't enough threads made referencing this arbitrary even number of $1000USD?
Yes. $1000 is going to happen. But what happened in the past was a huge surge and right now we're not seeing that. I'm not saying it can't happen, just why do you think it will? I would like to see consistent steady growth IMO rather than a huge surge, crash, then the people that came on board during the surge / crash hate bitcoins now because they lost so much money. You have to remember that people are stupid so if they see the price surging they'll hang on until it crashes back down to a normal value, be pissed about it and never use bitcoins again. A normal rate of adoption would be much much better.
Well it's very easy. Bitcoin is about to get segwit, and with segwit pandora's box is opened, sidechains, confidential transactions, lighting network... everything is possible.
Then add in the fact that countries like China keep making their citizens move their wealth away, and we will see a big surge in price.
Trump is yet to enter office, and I think this stupid hype on markets and dollar will end soon too.
Those are all valid reason for a 1000$+ price rise. The only reason to hold bitcoin is (other than possible price pumps) because i want some of my wealth outside of banking system, outside of a physical form, out of eyes. The only person who knows their existance is me.
Still it is just too easy to break bitcoin's possible price rise. It only takes a ban from a major country and its over.
If China senses a threat from bitcoin, i am pretty sure the Chinese gov will consider banning it. You can say, "oh who gives a crap people will use it anyway" If you think a little bit harder, you will realize that China owns the mining business. If the gov bans bitcoin, all of the miners will be gone. Disaster.
I think sentiment is bullish and positive, but nowhere near manic enough for a surge. It could of course develop fairly rapidly but perhaps it's better that it doesn't.
There doesn't need to be a reason why and Segwit and friends may be months or years away from initiating, if ever.
There doesn't need to be a reason why and Segwit and friends may be months or years away from initiating, if ever.
True, segwit is in a nascent stage, so it's too early for it to have any major effect. But the overall sentiment is indeed bullish.
We are going to see a big surge in price and it will happen in a course of days, remember that last time we went from 600 to 1000 it took less than 15 days, so once it starts pumping and we get in the 800 territory, panic buy will kick in, 800 and 900 will go out quick and we will be sitting at 1000+, some people will panic sell at 1000+, it will correct a little, less than people think, then the people that missed the boat will jump in as soon as it goes below 1000, pushing the price to the next ATH.
Nice assumption/speculation however we may not see same pump of 600 to 1000 in less than 15 days like before as there are more players in bitcoin market right now than before and they will always like to hold bitcoin price lower so that they can keep on buying cheap bitcoins till they slowly pump the price. We are already near $800 and if we can cross it price may stay at around $800 for few days and another pump may start.
At this point it is going to take major news to thrust BTC into a new ATH. Whether it's Pokemon Go implementing Bitcoins or Zuckerberg coming out and saying he has a Million BTC... only time will tell
I think Zuckerberg telling he has a million BTC will only drop it's price for his ability to crash the market.
It's definitely good to see bitcoin keeping stable value. Even at 750$. Would rather have it at 750$ for months than $1000 one week and $500 the next...
It's not the first time you open a similar thread with basically nothing more than an empty bit of speculation. Your example of having gone from $600 to $1000 in a matter of around 2 weeks shows that you aren't aware of the difference between the time we are in today, and how the situation was back in 2013. Right now we're once again sitting around the $750 levels. I think the market will repeat going up and down between $700-$750 without much higher upwards potential than $760-$770 as peak.
Complains about a thread with empty speculation and in the same post adds his bit of empty speculation.
Bitcoin still struggling to go above $750... I can't see how it will reach $1k within this year.... maybe next
I don't see bitcoin getting to $1000 until sometime next year. That's just too high of a gain right now. We have already seen big gains this year.
It's not the first time you open a similar thread with basically nothing more than an empty bit of speculation. Your example of having gone from $600 to $1000 in a matter of around 2 weeks shows that you aren't aware of the difference between the time we are in today, and how the situation was back in 2013. Right now we're once again sitting around the $750 levels. I think the market will repeat going up and down between $700-$750 without much higher upwards potential than $760-$770 as peak.
At this point it is going to take major news to thrust BTC into a new ATH. Whether it's Pokemon Go implementing Bitcoins or Zuckerberg coming out and saying he has a Million BTC... only time will tell
We are going to see a big surge in price and it will happen in a course of days, remember that last time we went from 600 to 1000 it took less than 15 days, so once it starts pumping and we get in the 800 territory, panic buy will kick in, 800 and 900 will go out quick and we will be sitting at 1000+, some people will panic sell at 1000+, it will correct a little, less than people think, then the people that missed the boat will jump in as soon as it goes below 1000, pushing the price to the next ATH.
Here we go again at the "last time" sequence as a basis.
Remember that past performance can't guarantee future results but can consider as good reference. Events in the past that made bitcoin reached it's ATH will never be happened again. It's a sort of new event that will happen now to reached new ATH.
But you know everyone can speculate as always. If ever you speculation will be correct, Im hoping that the correction price will established at around $900 after some big dump once it reached the line of $1000. But some traders didn't want to buy at consider high price so expect an attempt of manipulation to bring down the price much.
It's a nice thought, but I'm not sure what you are basing these predictions on.
How many Bitcoin are really being sold in India? The 'financial crisis' was a bit overstated from what I've seen.
No big news, no new services accepting Bitcoin,
maybe Mega will announce something soon but unless we hear some big developments I can't really see how the price will break $800.
How many Bitcoin are really being sold in India? The 'financial crisis' was a bit overstated from what I've seen.
No big news, no new services accepting Bitcoin,
maybe Mega will announce something soon but unless we hear some big developments I can't really see how the price will break $800.
I don't think so. The last time bitcoin reached $1000, there was no ability to short, so the pump worked. It won't work now. Besides the Fed will be raising interest rates in December. That will strengthen the dollar against all assets including bitcoin. BTC might rise in terms of yuan, but not in terms of dollars.
25% price increase? Without a strong reason?
Honestly bitcoin don't have force to hit this symbolic number of $1000, will be a lot of panic sells until the price reach this number so it will be a slower process, at least 6 months+, less than this is just utopia.
Honestly bitcoin don't have force to hit this symbolic number of $1000, will be a lot of panic sells until the price reach this number so it will be a slower process, at least 6 months+, less than this is just utopia.
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