Bitcoin pops above $14,000 for the first time

wait till it gets to a million

Commodity booms always end badly - even when you understand the attributes of the specific commodity. In this case hope and greed are driving demand and the supply side is beyond my average brain.

Or people are just trying to move large amounts of capital faster

The money is piling in as CME starts futures trading this month and this is just the begining. There will be volitility on the way up, and that will produce opportunities.

Its hard to use BTC as a medium of exchange for physical/digital goods because of its volatility but it is volatility that attracts us traders

I take my profit at $15,000. Why? All cryptocurrencies will then have a market value of approx. $500bn.

I assume that some time in the future bitcoin will take its intended function as a transaction currency (currently it's not, because at an annual deflation rate of more than 90%, anybody using it for transactions instead of saving will feel to be a complete fool). So how much cash do you want to have in your wallet for transactions? 1 month's salary? More? Less? How many people will use bitcoin for transactions? Currently certainly not many, either because they ignore bitcoin or it's too volatile to use.

When e.g. 2% of the world's working population will have cash in bitcoin of let's say $5,000, this would lead to a market cap of $500bn. When we assume that 10% have $10,000, then the market cap would be $1tn.

So I assume that we are either already at the top or with a low probability the price could go to $40,000 max. I prefer to take the profit soon as further risk/return is not really appealing.

Sorry, I wanted to say 10% with cash of $2,000 leads to a market cap of $1tn.

Apparently, mining cryptos are going to require as much energy as the whole entire US by 2019 and by 2020 as much as the entire world. Sounds a bit unsustainable to me. But I can see who is not going to complain anytime soon. The energy companies. And fossil fuels are not very popular at the moment.

This rally will look like a flat line in about 12 months, when the real price action starts.

just sold bitcoin at 14300

Now over 15k

so?? LOL

AT 11:25 A.M. EST BTC IS OVER $17K

If you have millions on deposit with the non-regulated off shore "brokers" what are the chances that you will actually get cash repatriated back into your local bank account?

As long as the majority are buying it is no problem; but when the tide goes out a lot of fraud will be revealed, as always.

over 16

BTC is not a fraud, the only thing is that people are looking for alternative to store their wealth and BTC offer that alternative. Older generation did own with gold, the younger generation are looking unto BTC. But very soon it will stabilize. If you don't mind, by 2021 to 2024 one BTC will be more than one million dollars.

By then bitcoin would be old news.

Ha! Ha! This is old news, Bitcoin is on a tear heading towards 17,000 and beyond.

We'll see how BTC performs once futures trading is available.

If it is smashed down it will confirm the "establishment is scared of it story" thus bringing it into good company with gold and silver.

If it is allowed to continue its meteoric & parabolic rise it will confirm that the establishment intends to use BTC's success to curry favor and usher in their private centrally managed legal tender digital only currency in its continuing attempts to remove physical cash from transactions.

Time will tell. Until then Kudos to the early adopters who have made a fortune trading and owning BTC, quite possibly THE greatest Trendfollowing trade of all time!

It still amazes me how strongly the fibonacci sequences, supports and resistances are respected in the USDBTC charts, for now..

Lets sit back and watch the show .. at $16,000 the downside risk isnt too hurtful .. at $50,000 the small players will be wearing some pain on a tank... of course they haven't entered the market yet...

I am doomed short bitcoin frim 9000

You shorted the bitcoin from 9000?? If yes, wait up a little bit, the market should give a retracement of atleast a few thousand $. It's still rising as of now, but it's too overbought on the daily & higher charts. It needs to calm down, retrace and drop a bit, in the near future.

it might got a crash on Monday after 10th Dec since BTC entered futures market. wait up a bit.

Today price of Bitcoin is $16,814

Today price of Bitcoin is $ 5000, LoL. Just keep updating on long time those so called 25k post.