Price of the bitcoin will jump again? The price today is acting weird - page 14.

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: BitMaxz on December 04, 2015, 01:44:30 PM

This december i think the price of the bitcoin will jump and reach $500 on this month.
because it's nearly christmas and i think some people sell/exchange his/her bitcoins to use it in christmas.
What do you think guys?

Following your reasoning cannot be a jump but a decrease. Normally people make gifts for the Christmas but the kind of gifts that are made for this kind of celebration (as it is even for the most of the other ones) cannot be bought with bitcoin but with normal fiat money. So who want to buy something and prefer to use its bitcoins for this gift and not its normal money, first will try to find something to buy with bitcoin and I doubt that will be able to find something desired and special in some store which accept bitcoin. Probably will find it in other stores that will not accept (or even know) it. So will have two choices: to sell its bitcoins in order to have fiat money and buy the wanted gift or to continue its journey until will find some store which satisfy both its desires. To use bitcoin and to find the wanted gift. I think that the second choice it is hard to be verified in mass. So most of bitcoiners will sell their bitcoins. In this way the supply of bitcoin in the market will be increased and the price will be lowered. Wink

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: BitMaxz on December 04, 2015, 01:44:30 PM

This december i think the price of the bitcoin will jump and reach $500 on this month.
because it's nearly christmas and i think some people sell/exchange his/her bitcoins to use it in christmas.
What do you think guys?

Don't think it's that likely to happen within this month. I do however think we will go over $400 again this month. People who haven't bought yet, they must do it now, before it's over $400.

Christmas is comming closer, I only don't think that many people will sell their coins in order to create them a bit extra free fiat for buying gifts and such for the holidays, as many of them already have enough cash, so they are not in need of converting BTC into fiat. People also said that once Bitcoin black friday is over, a huge dump will follow. So far nothing has happened one week later.

pissedoff

hero member

Activity: 616

Merit: 500

Quote from: lindin99 on December 05, 2015, 02:27:44 AM

This is very possible IMO, if the price direction keeps like it is currently 500 is not very difficult at all, but BTC price direction is very unpredictable and it can move at any direction with no specific reason.

$500 is a little too much to hope for at the moment. We should try hoping for $400 first this year.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: BitMaxz on December 04, 2015, 10:52:30 PM

Quote from: Denker on December 04, 2015, 02:31:06 PM

Quote from: BitMaxz on December 04, 2015, 01:44:30 PM

This december i think the price of the bitcoin will jump and reach $500 on this month.
because it's nearly christmas and i think some people sell/exchange his/her bitcoins to use it in christmas.
What do you think guys?

I believe that we will almost stay where we are at the moment or go down a bit (20-30 dollars).
So I can not see why $500 should happen this month. There will be no rally for that imo.
But Q1 next year definitely possible to achieve that. And to wait a few more weeks or months shouldn't be that problem right?
I mean we almost suffered for 2 years.Compared to that a few more weeks should be easy to take.

If you remember 2013 nov.25 to dec.13 until january the price of the bitcoins rise fast like sky rocket around $600-$900.
I think it will happen again like before And i hope it will happen soon.. just trust and be patience.

Yup dude. People will need money to celebrate the christmas Sure they sell most of bitcoins as I guess. Then Price level will raise for some remarkable value equal to fiat currency rate. Let and hope for magic will happen again.

lindin99

hero member

Activity: 1064

Merit: 500

This is very possible IMO, if the price direction keeps like it is currently 500 is not very difficult at all, but BTC price direction is very unpredictable and it can move at any direction with no specific reason.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: roadbits on December 04, 2015, 09:49:19 PM

Quote from: LFC_Bitcoin on December 04, 2015, 06:47:48 PM

I prefer steady price increases rather than unsustainable epic pumps because there's always a crazy sell off then.

If we could get above 400 and consolidate there before Xmas it'd be great

Yes, that is very true. If any prices go up suddenly than it won't survive at that high price for long time. Prices should move slow and study is much better for bitcoins high prices to stay at high. For 50 to 100 dollar movement prices should stabilize before taking off again. I think by next year end prices may be around 600 range if no other bad news comes out against bitcoin. Now it is time for accumulation than selling bitcoins.

But many people are expecting a good price on eyeing Christmas. The recent surge and sustaining around $360 must be good sign. I too believe price may roar again to reach above $400 levels for the celebrations of Christmas and new year.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

Quote from: Denker on December 04, 2015, 02:31:06 PM

Quote from: BitMaxz on December 04, 2015, 01:44:30 PM

This december i think the price of the bitcoin will jump and reach $500 on this month.
because it's nearly christmas and i think some people sell/exchange his/her bitcoins to use it in christmas.
What do you think guys?

I believe that we will almost stay where we are at the moment or go down a bit (20-30 dollars).
So I can not see why $500 should happen this month. There will be no rally for that imo.
But Q1 next year definitely possible to achieve that. And to wait a few more weeks or months shouldn't be that problem right?
I mean we almost suffered for 2 years.Compared to that a few more weeks should be easy to take.

If you remember 2013 nov.25 to dec.13 until january the price of the bitcoins rise fast like sky rocket around $600-$900.
I think it will happen again like before And i hope it will happen soon.. just trust and be patience.

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: LFC_Bitcoin on December 04, 2015, 06:47:48 PM

I prefer steady price increases rather than unsustainable epic pumps because there's always a crazy sell off then.

If we could get above 400 and consolidate there before Xmas it'd be great

Yes, that is very true. If any prices go up suddenly than it won't survive at that high price for long time. Prices should move slow and study is much better for bitcoins high prices to stay at high. For 50 to 100 dollar movement prices should stabilize before taking off again. I think by next year end prices may be around 600 range if no other bad news comes out against bitcoin. Now it is time for accumulation than selling bitcoins.

teddy5145

hero member

Activity: 714

Merit: 528

Quote from: LFC_Bitcoin on December 04, 2015, 06:47:48 PM

I prefer steady price increases rather than unsustainable epic pumps because there's always a crazy sell off then.

If we could get above 400 and consolidate there before Xmas it'd be great

Well christmas is still few weeks away, there could be a chance for the price to stabilize around that price
But im positive that the price will rise during Christmas, i don't know about the stabilization of the price though Sad

Usually the price of Fiat is not stable during Christmas and New year, let's hope this doesn't happen to bitcoin Wink

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

I prefer steady price increases rather than unsustainable epic pumps because there's always a crazy sell off then.

If we could get above 400 and consolidate there before Xmas it'd be great

croato

hero member

Activity: 616

Merit: 500

1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

I agree with OP, we could see $500 or close to that around this Christmas. If we had little pump for Black Friday, for Christmas it could be way bigger. Halving is close, everyone expect price rise so not every merchant will dump and ppl are pretty bullish recently. If few bigger investors and whales follow that logic, 500 is peace of cake.

Junko

legendary

Activity: 1512

Merit: 1000

Bitcoin price will do whatever it the whales want it to do.

makingwin1

full member

Activity: 238

Merit: 100

i hope that it will jump again because it would bring me some money

var53

sr. member

Activity: 345

Merit: 250

Quote from: iv4n on December 04, 2015, 02:14:28 PM

I can just say that I hope that price of BTC will rise. But I found this interesting artical about what experts have to say " 50 Bitcoin Experts Reveal (Guess) What Bitcoin Will Be Trading At Within The Next 12 Months" . Bitcoin experts share their views on what the future holds for Bitcoin. This is some of them:

*snip*

-Developer/Webmaster of CryptoHits responds:

Well there is one thing I’ve noticed about BitCoin watching it rise as it has. It never seems to lose more than 50% of its value. And can rise by 200% or more in as little as a month or two.

*snip*

But it fell from $1100 to $150. That's a hell of a lot more than losing 50% of its value. I'm not saying it won't go up, I'm only saying that "expert" hasn't got his facts straight. If he means it never seems to lose more than 50% of its value in the space of a month then he's still wrong. In the space of a week in 2013 between April 9 and April 16 it fell from $230 to $68.

vendetahome

hero member

Activity: 658

Merit: 500

i dont think that the price will get so high in just one month as there was an increase a few weeks ago though the price is unpredictable so i will just hope that you are right and that we will reach the new heights in the last month of this year

koryu

hero member

Activity: 681

Merit: 507

600$+ til halvening

fravia

hero member

Activity: 770

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

it might jump high in december in my opinion because of a wide variety of reasons first of all people might start buying btc as they want to buy gifts for bitcoins also besides that it is possible that there will be another pump like that previous one when the bitcoin price was boosted to 400 dollars each

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: BitMaxz on December 04, 2015, 01:44:30 PM

This december i think the price of the bitcoin will jump and reach $500 on this month.
because it's nearly christmas and i think some people sell/exchange his/her bitcoins to use it in christmas.
What do you think guys?

I believe that we will almost stay where we are at the moment or go down a bit (20-30 dollars).
So I can not see why $500 should happen this month. There will be no rally for that imo.
But Q1 next year definitely possible to achieve that. And to wait a few more weeks or months shouldn't be that problem right?
I mean we almost suffered for 2 years.Compared to that a few more weeks should be easy to take.

shogdite

hero member

Activity: 798

Merit: 1000

LIR Dev. www.letitride.io

Quote from: BitMaxz on December 04, 2015, 01:44:30 PM

This december i think the price of the bitcoin will jump and reach $500 on this month.
because it's nearly christmas and i think some people sell/exchange his/her bitcoins to use it in christmas.
What do you think guys?

As far as I'm aware when people create sell pressure selling their coins for Christmas that does not make a price rise having more sell than buy that crashes the price as I will expect to happen. The only way it will jump back is some big news or your scenario but a mega whale selling for a massive Christmas and pumping before he does.

iv4n

legendary

Activity: 3332

Merit: 1191

I can just say that I hope that price of BTC will rise. But I found this interesting artical about what experts have to say " 50 Bitcoin Experts Reveal (Guess) What Bitcoin Will Be Trading At Within The Next 12 Months" . Bitcoin experts share their views on what the future holds for Bitcoin. This is some of them:

- Adrian, Founder of SatoshiBet responds:

Anywhere between $1,000 to $5,000

-Mrs P, the founder of The Bitcoin Wife responds:

$10,000 – $100,000 – I think right now is the is the cheapest we will ever see Bitcoin at again. February is going to be a rockstar month for Bitcoin.

-Developer/Webmaster of CryptoHits responds:

Well there is one thing I’ve noticed about BitCoin watching it rise as it has. It never seems to lose more than 50% of its value. And can rise by 200% or more in as little as a month or two.

I figure the price will bounce around from $800 to $1,500. Might jump to $2,000

If u wish to read more about this here it is : http://foundersgrid.com/bitcoin-price

Topic: Price of the bitcoin will jump again? The price today is acting weird - page 14. (Read 15185 times)