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Bitcoin Surges Past $1,000 First Day of Trading 2017 | Where's Bitcoin Headed in 2017?

2,019 views · Published 2 January 2017 · 7:26 · Indexed 8 November 2026

Channel: Rules For Rebels · 2017 · Entertainment

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Bitcoin surges past $1,000 the first day of trading for BTC in 2017. This is the firsts time since January 2014 that Bitcoin has surpassed $1,000.

As of yesterday January 1, 2017, Bitcoin was just shy of breaking the record of $1023 set back in early January of 2014, however today January 2, 2017 Bitcoin has surged up to $1029 and has surprassed that mark.

Many are saying Bitcoin could soon as in within the next few weeks break the all time record of $1216 set back in 2013.

I first got interested in and got started with Bitcoin sometime back in 2012 or 2013. I rode the wave up to $1216 and then watched it comem crashing back down.

My predictions for Bitcoin moving forward over the next couple days, next couple months and next couple years. It's really difficult to say.

Back when Bitcoin was trading in the $400 to $600 range my feeling was that it's very safe to buy Bitcoin anytime it's below say $550 or $600. I feel Bitcoin will always have a long term value above that point so even if it falls below, as long as I don't need the money it will come back.

As Bitcoin surges past $1,000 I'm not as confident loading up on Bitcoin, though I have recently bought in a fairly significant amount as high as $812 and I still am doing a weekly auto deposit purchase of $25 worth of BTC per week to continue growing my wallet. 

My personal feeling is this. I could see Bitcoin going to $3,000 this year, howevere I could also see Bitcoin settling back do the $700 or $800 range down the road too.

If I had to make a prediction I would say this. I think by June of 2017 we'll be up to $1300. I could see us hitting $1800 by the end of the year which is a predicition many people hold and have been espousing. 

As far as the long term value of Bitcoin, I personally don't see it being worth $10,000 a coin or $50,000 a coin like many predict, however that said if I'm completely honest I have to admit that's why I'm holding Bitcoin, because if something like that does happen I don't want to miss out.

I think I'm going to keep an eye on Bitcoin. At this p

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