It took only 11 days to go from 639 to 1148 last time

CyberKuro

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Quote from: thejaytiesto on November 20, 2016, 02:44:46 PM

When we reach 1000+ in the near future, this time it will be very different. Now bitcoin is way more mature, it is way more solid, the software is better, there are tons of exchange alternatives and wallets, it's just ready for the 1000+ territory. The ones that aren't holding BTC will cry so much pretty soon. It will feel great going back home (1000+ where Bitcoin deserves to be right now)

Yeah, exchanges has important role to bitcoin stability and development as now there are many exchanges contribute to developing bitcoin and the day will come when the price reach $1000 and it already take step to step, now the stable price set at $700 and still fluctuate regarding bitcoin supply and demand. We can't compare the price in the past and now will be same because so many factors affected the increases, hopefully there is no problem with any of exchanges or regulations which can lead to negative effects to bitcoin.

thejaytiesto

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When we reach 1000+ in the near future, this time it will be very different. Now bitcoin is way more mature, it is way more solid, the software is better, there are tons of exchange alternatives and wallets, it's just ready for the 1000+ territory. The ones that aren't holding BTC will cry so much pretty soon. It will feel great going back home (1000+ where Bitcoin deserves to be right now)

Sithara007

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Quote from: KennyR on November 16, 2016, 06:04:21 AM

Those days of usage and the spreading, popularity and the adoption is very low compared to the present day. Those day the market variation is done by a small group which is not possible now as adoption and acceptance is increased gradually. So such a steep increase like the past can be experienced very rarely.

Also back then, there were only a handful of exchanges (and of them, Mt Gox was rigging the order books). So half-a-dozen users could manipulate the exchange rates by investing a small amount of money. Now we have dozens or even hundreds of crypto-exchanges. It will take much more resources and manpower to manipulate the exchange rates.

Caladonian

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Quote from: KennyR on November 16, 2016, 06:04:21 AM

Those days of usage and the spreading, popularity and the adoption is very low compared to the present day. Those day the market variation is done by a small group which is not possible now as adoption and acceptance is increased gradually. So such a steep increase like the past can be experienced very rarely.

Yeah right as btc already have its own variation regarding to its resistance value now is not moving so high or low its the investors and users which making movements theres no chance for some group to move it that much and for me its much better to grow in its natural ways.

KennyR

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Those days of usage and the spreading, popularity and the adoption is very low compared to the present day. Those day the market variation is done by a small group which is not possible now as adoption and acceptance is increased gradually. So such a steep increase like the past can be experienced very rarely.

springgers

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How you can compare a pump of 1000% if a month to a 10% in this year?

This thread looks like the "bitcoin will hit 10k" ones.

Maybe xmas can pump a little bit but neither near to 800.

BitcoinHodler

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Quote from: Taki on November 16, 2016, 03:44:41 AM

Can somebody explain me why in 2013 it happen like that? So fast pump and the price just doubled itself. I'm new in bitcoin world and still don't know about many things. I don't know will it ever be repeated. But I am agree it's not the right time to sell your bitcoins now. This days the price shows good temps of grow. So probably bitcoin will grow more high.

there were so many different reasons some of which are just guesses and some have some valid proof.
for example back then i believe most of the rise was because of the manipulations done by mtgox.
but also it was partly because of the popularity of bitcoin which was growing super fast back then specially because of the solo mining of bitcoin.

Taki

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Can somebody explain me why in 2013 it happen like that? So fast pump and the price just doubled itself. I'm new in bitcoin world and still don't know about many things. I don't know will it ever be repeated. But I am agree it's not the right time to sell your bitcoins now. This days the price shows good temps of grow. So probably bitcoin will grow more high.

Gwerrahar

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Quote from: Teemotje on November 05, 2016, 08:54:05 PM

Quote from: panju1 on November 04, 2016, 10:38:43 PM

Quote from: Hettinger on November 04, 2016, 05:23:33 PM

Back in the days it happen really fast but I agree about the fact it will not happen so fast anymore due to the fact that its more stable than ever.

Yeah, that is true. The general consensus is that we won't see any rapid retreats (to say $2xx levels) anytime soon.
We may not be minting profits like the good old days, but at least there is less fear of rapid drops.

I agree due to the fact that its more stable it has some down but also a lot of positive sides and it will rise soon or later but not with super big numbers anymore.
Its logical and I think that its not bad at all.

You are right about this, I can really understand this and I think that you are right its way more stable so its gonna be a hard task to achieve such risings in just 11 days..

Nahl

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Quote from: Goms on November 07, 2016, 04:42:08 AM

$1000 is somewhat mind-blowing for me, I didn't join the crypto-community back then so it's sounds like a really big deal.

i was at there when bitcoin down to the lower price on 2015 but unfortunately i wasn't part of bitcoin when the price hit those amount and if it is really happening this year or on 2017 it is also big deal for me but i thought would be so different from 2013 between this year indeed as bitcoiners i expect good situation for bitcoin but from the current price to $1000 the journey still very far and it took more process

CoinCidental

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Quote from: afbitcoins on November 07, 2016, 06:32:11 PM

Next time it will be like Bitcoin took only 11 days to go from $6,000 to $10,000

People think such a similar massive quick rise can not happen again will be in for a rude awakening if some of the the wall St funds are approved

The price of bitcoin could triple within a few hours never mind days, insider trading etc will buy fuckloads of btc in advance if they get the news that the etf's are being made available to the public before that news is announced

There is also a lot more buying power watching btc than there was in 2013,this leads me to draw the opposite conclusion of everyone else and I predict the next crazy rise will be exponentially bigger faster and crazier than the 2013 "moon"

bitjoin

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As i see it these current moves are nothing but post halving stuff. People getting excited now are going to be in shock within 1 year, this is what i think we are seeing myself:

http://imgur.com/a/yJChP

Nolankane

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Back in the days it was going pretty fast but right now we cannot expect it anymore due to the fact that its way more stable indeed, its pretty logical.

afbitcoins

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Next time it will be like Bitcoin took only 11 days to go from $6,000 to $10,000

Goms

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$1000 is somewhat mind-blowing for me, I didn't join the crypto-community back then so it's sounds like a really big deal.

azguard

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Quote from: error08 on November 07, 2016, 12:33:51 AM

Well, it seems promising if we look at the past data, according to the currently price that keeps fluctuate within $690-740, all we have to do is to be patiently waiting. It's not impossible of course to reach $1K, but a bit increase influence people to sell their coins and it will make the price decrease again.

or we could expect this price in next 11 month i tough about it and it can be done like that in that period its almost year from now and around that time we always has some price changes for btc in past maybe we could expect that in next year

but for now price is stable we could say that and i think that next level will be 800 for new year

error08

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Quote from: pereira4 on October 13, 2016, 01:16:29 PM

Before you are thinking about selling, think twice. Bitcoin can pump insanely high since the marketcap is really small and it can potentially go to 100.000+ per coin long term, so 600 to 1000 is absolutely nothing.

The next months will be fun.

Well, it seems promising if we look at the past data, according to the currently price that keeps fluctuate within $690-740, all we have to do is to be patiently waiting. It's not impossible of course to reach $1K, but a bit increase influence people to sell their coins and it will make the price decrease again.

Skarner21

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Massive price drop coming...

Quote from: BingoDog on November 06, 2016, 07:47:52 PM

The situation is different then back then. There is a lot more Bitcoins and lot more users on the market and different things can influence the price. We are all very eager to see the price hit 1000$ again but maybe we would have to wait for this to happen longer then the first time.

Yeah it is different from before the price of bitcoin is fast right now but the number of amount of bitcoins right now is more than before..
So it is still hard to reach 1k value unless if there is a banks can invest more money to buy more bitcoins that can affect the value of bitcoin right now ..

BingoDog

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The situation is different then back then. There is a lot more Bitcoins and lot more users on the market and different things can influence the price. We are all very eager to see the price hit 1000$ again but maybe we would have to wait for this to happen longer then the first time.

uki

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Quote from: bitebits on November 06, 2016, 04:54:26 AM

Quote from: The Sceptical Chymist on October 28, 2016, 11:23:02 PM

Though I'm pretty bullish on bitcoin, I have to play the skeptic here and say that trying to predict future prices based on old data is kinda fruitless. I know that's what technical analysis is all about, but I don't buy any of that. Sure, bitcoin could pop to $10K tomorrow. A lot of things can. But just because we had a crazy exponential price increase in 2013 doesn't necessarily mean that it will happen again.

Having said that, go $700!!

There is a considerable higher amount of bitcoins around nowadays. So historically comparing the price of each unit makes little sense.
Let's talk market cap, and all of the sudden $10k/BTC is a probability.

If we talk market caps it is even more difficult to make a significant jump as there are more coins in circulation now than three years ago.
I.e., you need more money to move the price higher (as not all of newly mined coins go to the storage) and thus have a higher market cap.

Topic: It took only 11 days to go from 639 to 1148 last time (Read 6399 times)