Topic: When will BTC hit $1000 again? (Read 3220 times)

I've shorted a ton over the past several months and my portfolio thanks me for it. Granted, shorting now could be quite dangerous, but a strong rally from here is by no means guaranteed. May not even be probable. But also, regarding short squeezes, I don't necessarily mean only literal shorts, but those who sold with the intention of buying back in the short term. Basically I am drawing a distinction between those who are simply avoiding an underwater position and those who are patiently waiting on the sidelines / new money.

short squeeze?  i doubt it... who is shorting bitcoin?

I'm with you on this. There's no news that would provide a reason to believe otherwise. If there were something major that just happened, I'd see it being different. But as it is, there's just no real reason.

Sure. That's what happens every rally. But is this a short squeeze? Or a *real* rally? -- I'm talking moonshot. My money is on a short squeeze. Another leg up, but I'm thinking this will fizzle out.

Or, it could be a bunch of people realizing that we have passed the bottom, and they want to get back in before the price leaves them behind. Large holders could see the price rising and move their asks upward or remove them completely. The bitcoin market is still so small just a little push can start it moving in big jumps.

That's a far stretch right now. It would take a lot of money to get there, and it would hit major resistance by people that are trying to break even on their buys at the 800+ mark. The only way this would happen is if a major investor was buying up all the coins without caring what the price is.

The price jumped up about 10% today, it could be back over $1000 by the end of the week.

It will almost definitely hit $1k, if for no other reason than people who bought in massive amounts last year pumping it so they can exit without major losses.

Highly doubtful that it will hit over $1000 again.

There are many competitive coins out there waiting to prove themselves also.

Exactly.

It reminds me of just last summer when some people were actually posting that it wouldn't reach triple digits again in 2013, or of late 2011 when they prematurely declared the death of Bitcoin. We all know how that turned out.

The TA/day-trading cultists are living in such a pitiful dreamworld of delusion that they sometimes lose sight of the bigger picture.

Oh, I forgot. This time it's supposed to be different.

 

Just gotta hang tight. I would love to see $1000 coins again, but it may not be that soon. It may be another 6 months. But once the ETF's start to hit Wall Street, look out. Things will change really fast as that is newsworthy information.

I don't see the US banning it ever. As of now, though the media hacks are talking out their asses about bitcoin and doing the FUD thing, the government has taken mostly a neutral to receptive position, and raised their concerns about the black market.

In reality, there has been a black market since the dawn of controlled currency.

The government also knows the usd and economic fate is on shaky ground so they can openly talk tough but they can't reasonably start in with the strong arm tactics because it'll rapidly spin out of control.

It's standing aside keeping an eye on it so as long as the bitcoin community plays nice and lets the innovators come out with all their nifty apps that make bitcoin a mainstream adoption and the government will look for ways to capitalize on it. By then, though, it's pretty much too late. Any restrictions people don't like will motivate them to use bitcoin more than usd which in large enough numbers begins to devalue usd...and then other countries see the usd slipping and SHTF with a spark.

China's already communist so it's par for the course for them to have a hissy fit and shriek and implement controls. US government won't get away with it without literally sparking a violent revolution in the streets. Not everyone is a candy ass letting government tell them how to think.

Governments worldwide are being forced to take a stand because bitcoin is already disrupting the status quo. It's just going to get bigger.

The fun part is that bitcoin currently isn't a huge threat so they can't outright ban it without looking paranoid on top of giving it more credibility and by the time bitcoin IS a visible, in your face threat, it'll be too late because the infrastructure will be in place, mainstream adoption in place and all people need is a reason...

I really see it being just "for a while." With all of the politics that are intertwined, there would easily be a slew of other countries that the slack would shift onto. It's all a matter of contrarian policy.

Thats A Big Honor 

enough talk of the US banning BTC.

All evidence points to the likelihood that they WILL NOT ban it,
so stop creating FUD.

With regards to the future development of bitcoin, Andresen said that creating good forums for discussion was crucial, and joked that he really wanted someone “to solve the Internet troll problem.” - Bitcoin2014 Conference

I'm pretty sure he was talking about you UglyTroll (and kwukduck, and igorr, and cosmofly, and... and...)  

I'm pretty sure not just "for a while" 

I don't necessarily see all governments cracking down on BTC. After all, with all of the various types of posturing and conflicting stances, it wouldn’t be too far-fetched for some countries embracing BTC. I mean if the U.S. cracked down on BTC, I’m sure that would make BTC more appealing for all of the political enemies of the U.S.

But yes, if the U.S. cracked down on BTC, I could easily see prices plummeting for a while.

Maybe you learned a lesson? Get out while you still can, we will go down HARD very soon as the governments come cracking down on btc.

1 - bitcoin cannot be arbitrary created, so more demand = rise in price. This will be inevitable, if you want more people in the game, you can't expect a stable price.

2 - bitcoin is not only a currency, but also a way of money, like gold or silver, in some sense. The price must goes up more than inflation so the money saving people can enter the game and buy bitcoin, instead of gold or silver or stuff like that

3 - even with high fluctuation in price, btc makes some transactions that were hard or impossible to happen viable, like transfers around the globe of relatively smalls amounts of money between people without credit cards, so that can't use paypal.

4 - about markets: one could develop a open source API that auto-change prices according to bitcoin price. Or the bitcoin amount to be deposited would be selected only after the sell, so you only would do the calculation after the buy. Or maybe even by intra-exchange transfer.