Quote from: Yuuto on December 27, 2016, 09:34:51 PM

Quote from: tequilamockingbird on December 26, 2016, 10:10:58 AM

With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).

The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?

I personally think the opposite. I think that $1000 is a mental barrier for investors and once they see that barrier is broken they will accumulate like crazy. There is little chance that they will dump when they've seen what bitcoin can do, going from $400 to $1000 in a year.

We're not that far away, already $935~.

I think the price could reach the psychological barrier of 1000$, we are so near to reach it. The price can drop not below 800USD from my point because the price has been fairly stable since this summer.

The market will tell us the price in the future.