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Topic: Bitcoin at $600 before December? (Read 2046 times)

legendary
Activity: 1568
Merit: 1001
August 07, 2015, 10:46:07 PM
#34
Man you are all under-shooting. The moon is coming, next run-up imminent before December, $5k, $7k, $10k, Can't wait.
That's totally the case, stop messing around w/ 5 or 600$ as is so impossible at this point.  Wallflowers will sell too early and miss out on the next run and will rue the day they folded w/ two pairs on a five stud hand. If you can't comprehend the thousands for bitcoin as the next runup point then just sell now and be out of the consolidation picture once and for all.
full member
Activity: 318
Merit: 100
August 07, 2015, 10:09:35 PM
#33
The price upward basically triggers based on demand for the bitcoins. If more and more companies accepts bitcoins then surely bitcoin price will move up and I don't think this it will happen so fast by this year end to reach price 600. I think it may go up to 400 in this year.

Actually, if you look at the price when overstock ,tiger direct, microsoft, etc started accepting bitcoins as payment, it actually DROPPED. Precisely because these companies traded bitcoins immediately into fiat.

We won't see 400 this year, no matter how many companies started accepting bitcoins.

We won't see 300 this year, no matter what.

We will likely test 230-240 this year.
sr. member
Activity: 336
Merit: 250
August 07, 2015, 08:20:59 PM
#32
Man you are all under-shooting. The moon is coming, next run-up imminent before December, $5k, $7k, $10k, Can't wait.
sr. member
Activity: 266
Merit: 250
August 07, 2015, 10:36:05 AM
#31
I don't think bitcoin will reach that point. It will be more along the lines of 350$ in my view.
Yes you are right,  $600 is a bit like wonderland.
If we aim for $600 then the month should be around may or maybe June.
Just the same also happened to litecoin before halving.
sr. member
Activity: 406
Merit: 250
AltoCenter.com
August 07, 2015, 10:00:27 AM
#30
I don't think bitcoin will reach that point. It will be more along the lines of 350$ in my view.
legendary
Activity: 1806
Merit: 1024
August 07, 2015, 05:43:07 AM
#29
It's funny looking at the pessimistic low predictions to try to save face in case you are wrong, after the big 1K crash people has become pessimistic and highly underrate the potential growth of BTC, feels good knowing the end price will be higher than any of the predictions being made on threads such as this one.

tell me what's the point of people making unreasonable price predictions? i much rather see realistic predictions that some of you guys might even consider low while in fact it isn't.

The problem is that one can't define what's "realistic" in the case of Bitcoin, because the fundamentals (mainly adoption) can't be measured reliably.

So any prediction might turn out to be extremely unreasonable (low or high) after the fact. I'd say - considering the past volatility of Bitcoin - $ 600 before December is a conservative bullish prediction.

ya.ya.yo!
member
Activity: 84
Merit: 10
August 07, 2015, 05:17:27 AM
#28
No, not at all.
We can expect this price at the time of may June, 2016 and not December 2015.
Before halving there will be much hoarding and which will exponentially increase the bitcoin prices like the mtgox pump.
hero member
Activity: 714
Merit: 500
Me, myself and I
August 07, 2015, 01:43:26 AM
#27
I think that's impossible we need jump high to reach $600. All player will start to pump price 6 or 4 month before halving. that's my opinion
legendary
Activity: 1456
Merit: 1005
August 06, 2015, 11:12:24 PM
#26
It's funny looking at the pessimistic low predictions to try to save face in case you are wrong, after the big 1K crash people has become pessimistic and highly underrate the potential growth of BTC, feels good knowing the end price will be higher than any of the predictions being made on threads such as this one.

It not the case saving face for tomorrow. When we say some thing if not realistic at least it should reasonable and also with back up data. So without any big reasons here every one thinking reaching 600 may not be possible.
legendary
Activity: 896
Merit: 1000
August 06, 2015, 07:39:45 PM
#25
It's funny looking at the pessimistic low predictions to try to save face in case you are wrong, after the big 1K crash people has become pessimistic and highly underrate the potential growth of BTC, feels good knowing the end price will be higher than any of the predictions being made on threads such as this one.

tell me what's the point of people making unreasonable price predictions? i much rather see realistic predictions that some of you guys might even consider low while in fact it isn't.
legendary
Activity: 868
Merit: 1006
August 06, 2015, 04:04:04 PM
#24
It's funny looking at the pessimistic low predictions to try to save face in case you are wrong, after the big 1K crash people has become pessimistic and highly underrate the potential growth of BTC, feels good knowing the end price will be higher than any of the predictions being made on threads such as this one.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
August 06, 2015, 09:21:27 AM
#23
Trend looks good, but $600... That's impossible

IMPOSSIBLE, that is how you describe it!? Hope you agree that it's not possible to say this about bitcoin, you simply cannot know.... If a Warren Buffet or such a person decides tomorrow to convert a billion to bitcoin, we're allready there, so impossible is simply not true Smiley It's not likely, that I will agree Smiley

Exactly, nothing is impossible in Bitcoin. But if we remove the possibility of some extra rich man getting half of his life savings into Bitcoin and if we remove a possibility that blockchain will be hacked thus crashing the value considerably down, I also think $600 is on the high side.

I would be happy if we continue with the slow growth and if we would be anywhere in between $400-$500. This would be great!
legendary
Activity: 938
Merit: 1000
BTC | LTC | XLM | VEN | ARDR
August 06, 2015, 08:01:24 AM
#22
Trend looks good, but $600... That's impossible

IMPOSSIBLE, that is how you describe it!? Hope you agree that it's not possible to say this about bitcoin, you simply cannot know.... If a Warren Buffet or such a person decides tomorrow to convert a billion to bitcoin, we're allready there, so impossible is simply not true Smiley It's not likely, that I will agree Smiley
legendary
Activity: 1232
Merit: 1091
August 06, 2015, 08:00:54 AM
#21
Blockhalving will surely have a decent impact on the price but $600 is quite on the high side. If we manage to touch $500 I will greatly celebrate it.
legendary
Activity: 938
Merit: 1000
BTC | LTC | XLM | VEN | ARDR
August 06, 2015, 07:56:21 AM
#20
The price upward basically triggers based on demand for the bitcoins. If more and more companies accepts bitcoins then surely bitcoin price will move up and I don't think this it will happen so fast by this year end to reach price 600. I think it may go up to 400 in this year.

If more and more companies start accepting, it will drive the price DOWN... Those companies need to have bitcoin exchanged to fiat in order to pay the bills. Dumping causes a price drop. Remember when Microsoft started accepting, in a week the price went down 100 dollars.  There's a world to be won to make options available for companies to spend their bitcoin. There are alot of options now, but it's more for the geek, not for serious business.

I think somewhere around 450/500, but who knows Smiley
sr. member
Activity: 432
Merit: 250
August 06, 2015, 07:52:42 AM
#19
In case you've  not been paying attention.. the price has big problems remaining at this level tending to slip down again into panic selling down to the near 200 range.
We won't get anywhere near 600.

Aren't you the chump who sold his bitcoins at 10 bucks a pop?
legendary
Activity: 3276
Merit: 2442
August 06, 2015, 07:48:23 AM
#18
It will be around 350$. That is my safe guess. If i have to be optimistic then it will be around 400$.

600$? nop. That is not going to happen unless Mark Karpeles runs his business again.
hero member
Activity: 560
Merit: 500
August 06, 2015, 07:41:32 AM
#17
It's no way going to double by the end of the year. By the block halving (which is actually mid 2016) I think it will go up in value but no idea by how much. Maybe a hundred dollars or so. I expect a crash shortly after though as it will likely be caused just by people buying coins thinking the value is going to sky rocket.

I agree, no reason or big news that could drive a double in price.  If anything I think we have a bigger chance of the price cutting in half.  Mostly because the whole greek debt crisis runup was very weak, and shows we're on a slippery slope.  Also shows most everyone involved with btc is doing so for speculative reasons
full member
Activity: 159
Merit: 100
August 06, 2015, 06:05:49 AM
#16
It's no way going to double by the end of the year. By the block halving (which is actually mid 2016) I think it will go up in value but no idea by how much. Maybe a hundred dollars or so. I expect a crash shortly after though as it will likely be caused just by people buying coins thinking the value is going to sky rocket.
legendary
Activity: 1946
Merit: 1007
August 06, 2015, 05:56:16 AM
#15
The Bitcoin price has been reversing its descending path on to an upward trend. Trading looks good.

Considering the halving is going to happen in early January, do you believe Bitcoin can hit $600 before December?

The next halving is in July 2016 not January 2016. I believe we can hit 500-600 USD as a result of the halving next July.

As far as January 2016 goes I think 350 USD is a good, realistic target. I don't like to set unrealistic targets so I've named two achievable price targets.

January 2016 - 350 USD
July 2016 (halving) - 500-600 USD

I guess we will se a spike in between before stabalizing at those ranges.. It has been two years since any significant price spike. It is bound to happen sooner rather than later.
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