Topic: Will BTC reach $600 during the first month of the new year? - page 34. (Read 80124 times)

No bitcoin will  not reach $ 500 during November, maybe December.

it will definitely be a great start of 2016 when we see the price at $500, however, let's not get too excited at this moment as we still need to break the $400 barrier. even if we break through $400 that still isn't a guarantee that we will stay over $400.

well its clearly too late now to try to reach 500 dollars per bitcoin lets hope it will be possible to do in december before the next year that would be great way to start 2016

Today is 29 November for me so I think that bitcoin will reach 500 dollars with in 2 nights.

Maybe it well, but I doubt it. Because the bitcoin price is now 361 dollars.

Maybe in december will be 400 dollars. Who knows that is better than nothing.

$400 , $500 , we can reached that again soon.

Look at the resistance, we sit for a long time here at 260-280, 310-330 and now currently in the making at the new price range. Slowly we can build much more support for a higher new floor.

 The last bump was due to the BTCC (and other Chinese exchanges) being able to take direct Fiat Currency payments again. It had NOTHING to do with the halfing.

 We're still dealing with aftershocks from that event, and higher volitality for a while 'till all those folks settle in for the longer haul.

There will be no Christmas rally. It is not like stock market, whose fund managers are paid a percentage of the fund value they manage. They have the impetus to do Christmas rally.

I'm in the middle of reading this thread, and I find it to be very interesting.  Accordingly, I plan to read all the pages in this thread.


Before I read all of the pages, I would like to make an observation regarding what I currently recognize in the recent bitcoin price performance, and likely what a large number of bitcoiners are beginning to recognize in what seems to be a bitcoin price performance pattern, and that is that bitcoin prices have a tendency to overshoot on both the upside and the downside, and currently, there is no real evidence that this kind of price performance dynamic is going to change in the very near future.  

In fact, a couple of the only ways that we are going to witness some real and material changes in bitcoin's price performance dynamics is either for bitcoin to experience some real technical flaws in which its price would go down to zero, or bitcoin's market cap were to get into the trillions of dollars territories.

In this regard, there is always be some attempts to manipulate bitcoin prices, and the more money in it, then the bigger the players attempting their various manipulation strategies.

Accordingly, I find the assumptions of the poll price numbers in this thread to be a little bit flawed.  We certainly are going to feel various kinds of resistance all the way up to $1,000; however, psychologically and in real practice, we have already experienced a fairly significant time in the supra $1,000 price space.  In that regard, we will need to witness prices in the $3,000 to $5,000 arena, and yes psychologically and in practice, we likely gotta get through the $3k to $5k arena before we are going to be ready for $10k prices... so in that regard, presumptions of the poll of this thread seem to be a bit off to skip from the sub-$1k territory and to go all the way up to the $10k territory without any of the more likely and reasonable possibilities between $1k and $10k.

So in essence (TlDR), what I would like to assert is my belief that BTC prices will shoot past $1,000 and into the $3k to $5k territories.  Nonetheless I have little clue regarding an exact time-line for such - within 6-12 months would be nice... in the meantime, I do agree that we do somehow need to get above and beyond $400, $500, $600, etc etc...  before the price will shoot past te 4 digit figures, so to speak.

It will definitely rise by Christmas time that is a known fact due to everybody spending and buying things for other people. I don't know what the numbers are for the Black Friday early morning rush at midnight yet. But I think the tally is going to pump up the price just in time for the end of the month to come closer to this mark

I think as well that there can be a christmas rally. Everybody likes giving out money. So the price can rise. Let's hope so.

Most likely they will not increase for the remaining few days. Now the only hope for a Christmas rally which we hope will take place 

it keeps going up and down today 355 now and you said 345 7 hours ago, so it has not found a stable price yet. some thing is still making it go back up and down considerably.

I could not agree that last bump was due to halving. But it may be one of the reason as Chinese may wanted to be first one in the race of buying first before bitcoin is bumped due to halving. Bitcoin deserves itself to be stable around $330 levels and it may reach $400 again by December 2015 itself.

You may got the right reason. But the surprise is bitcoin price being so stable around $320 after some 10 months sustain of $220 levels. I too believe these kind of bumping will continue till halving and after halving also possible.

It means the price raise for halving has begun already and the Chinese people were the first one to get very possible lower price. If this is true we can expect the $400 or even $500 levels again within this November also. Who knows?

There is a difference between reaching a number and sustaining a number.  Yes, it should hit $500 a couple times through the month/day, but it will not stay there for long.

Yes there are lot of possibilities for reaching $400 again by 2016 staring. But anything is possible on everybody's preparation before halving. I strongly believe the last rally was Chinese early buying before any pump for halving. So, $400 again is possible at any time.

Maybe not at November, but I just think at January 2016.

Because in December I think it will be around 400 Dollar.

Still possible "literally" since it's still November. If it's December now then just say it's fail to reach $500 again this month.

Remember the 200% increase last time in less than 48 hours?* It can happen anytime lol.

*if Im not mistaken

There's only a couple of days left of November, I don't think BTC will reach $500 this month anymore.

$400 is still possible. I'm keeping my eye out for this to happen.