Bitcoin price to hit $1000 around June 2017 - page 7.

uneng

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Quote from: Lucius on November 07, 2016, 10:22:20 AM

Quote from: odolvlobo on November 06, 2016, 06:11:35 PM

Since the low in January 2015, the price of Bitcoin has been increasing at a very consistent rate of about 6% per month. As shown on the graph below, the price should hit $1000 in June 2017 (+/- 2 months or so) if it continues at this pace.

Such growth probably attract more and more new investors which is good for BTC,but with such price ups and downs it is difficult to predict what will happen in about half a year or more.Usually the biggest changes happen at this time of year and then things settle down.

With the halving effect,SegWit,Lightning Network and other positive news, maybe this increase will continue so this prediction becomes a reality.

Surely more investors will come to the Bitcoin world. Each new day more and more are joining. The volume of transactions are increasing a lot, the fees are becoming higher. This business isn't so fragile as people said in the past. Who doesn't come to this world now won't make profit tomorrow. It's time to adopt Bitcoin and stay in the top.

Bitcoin price will increase on the next months. Local currencies are crashed. People want to buy things and they want to pay cheap prices, BTC is the answer. Now it's time to buy BTCs to sell when the price hits 1000-1100.

artows21

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Quote from: bitbunnny on November 06, 2016, 06:36:01 PM

Analysis is good it helps us to track and understand the movements on the market. The trend is good at the moment and the price is more or less going up. But can we realy predict the price in a month or two period? I would also like Bitcoin to hit 1000$ soon but we are all aware how trends can change fast so by January anything is possible.

I agree with you, and though I was first reluctent to see a price increase soon, the fact that it has been quite stable lately let me hope the best

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fuckingidiot350

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I think will go higher than $1000 in only December

1Referee

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If you really think that will happen, then buy yourself even more coins (in case you haven't done it yet). Historical (in Bitcoin terms) events are no guarantee for the future. It's not impossible that we may end up being lost in a bear market for a quite a long period. I don't say it will happen, but it's a realistic possibility.

Right now we are struggling to come even close to $800, let alone $900, and especially the $1000 level. I will start with speculating about $1000 prices as soon as we touch the $900 level again. Currently, I prefer to focus on seeing the price somewhat stabilize above the $700 level, which is not an easy thing at all. Especially in an uncertain market as Bitcoin.

maokoto

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Yeah, it will likely hit that amount on 2017. I am not so sure it is in June though. This can only go up unless a big catastrophe (major code breach or something like that) happens.

Kprawn

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Bitcoin has been the best performing "currency" for the last couple of years. The thing is, not all countries define it as a currency, so this goes

mostly unnoticed. We see this, and invest accordingly to cash in on the profits... Bitcoin perform better as a long-term investment. I bought much

cheaper bitcoins last year, and made significant profits in 2016. Grin

Lucius

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Quote from: odolvlobo on November 06, 2016, 06:11:35 PM

Since the low in January 2015, the price of Bitcoin has been increasing at a very consistent rate of about 6% per month. As shown on the graph below, the price should hit $1000 in June 2017 (+/- 2 months or so) if it continues at this pace.

Such growth probably attract more and more new investors which is good for BTC,but with such price ups and downs it is difficult to predict what will happen in about half a year or more.Usually the biggest changes happen at this time of year and then things settle down.

With the halving effect,SegWit,Lightning Network and other positive news, maybe this increase will continue so this prediction becomes a reality.

~Bitcoin~

legendary

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The growth may not remain always at constant 6%/monthly like right now. As there are still uncertainty in bitcoin market because even a small FUD/Fake news are making panic dump. However as buy support is building quite nicely on $700 level right now $1000 seem reachable by mid or by end of next year.

Vinz24

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It is a great analysis based on your graph. I really hope this will continue to increase. Lets us hope that there is no negative news like hacking or banning bitcoin to continue this growth.

pitham1

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Quote from: odolvlobo on November 06, 2016, 06:11:35 PM

Since the low in January 2015, the price of Bitcoin has been increasing at a very consistent rate of about 6% per month. As shown on the graph below, the price should hit $1000 in June 2017 (+/- 2 months or so) if it continues at this pace.

People would be overjoyed with that kind of returns in any asset.
I would be happy if we hit an ATH any time before the next halving.

20kevin20

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I think it will reach $1k before the summer.. During the winter we should be able to see a big, BIG price increase compared to today's price. I'm expecting to see a price at least the double of what it is.

dunfida

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Its possible but i dont think so it would hit that price point on june 2017, as we can see on the price of bitcoin its too unpredictable just like we saw on previous weeks, it rises up from $740+ and we are keeping saying that it would reach $800 price in no time but as we can see the price decreases again and now we are stabilizing on $700 mark and i think this kind of movements would again to stay put on this price points.

iqlimasyadiqa

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very difficult course in predicting the price of bitcoin. but in my opinion could have been bitcoin prices reached above 1000USD, due to an increase in the price of bitcoin is increasing every year.

DaddyMonsi

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We only have 54 days till end of 2016 and if average is $3 increase it will be short to reach $1000 but it is still possible. Price is stable at $700 level for the past 8 days. I am expecting an increase again before black Friday, Cyber Monday and in Christmas season for those who plans to buy using Bitcoins in online shopping.

pooya87

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i always like and agree with the analysis that zooms out and looks at the bigger picture especially when talking about the future of bitcoin. this is what i have been telling everyone to not look at the short term changes, when looking at how price has been changing over the years excluding the sudden rises and the pump, you can see a better picture.

ClaraLuV

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i thought at the beginning of the year the price of coin drops down since most of them will book their profits ,it would be nice to see the price increasing to $1000 but when ever there was a build up to rise to the said value something horrible will happen and the price drops down drastically ,so even now i do expect something like this would come up to deter the price to reach $1000.

bitbunnny

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Analysis is good it helps us to track and understand the movements on the market. The trend is good at the moment and the price is more or less going up. But can we realy predict the price in a month or two period? I would also like Bitcoin to hit 1000$ soon but we are all aware how trends can change fast so by January anything is possible.

Biodom

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Quote from: odolvlobo on November 06, 2016, 06:11:35 PM

Since the low in January 2015, the price of Bitcoin has been increasing at a very consistent rate of about 6% per month. As shown on the graph below, the price should hit $1000 in June 2017 (+/- 2 months or so) if it continues at this pace.

snip img

nice graph. 6% monthly is roughly doubling in a year.
I would be totally OK with 100%/year for a decade (it would be roughly 1000-fold increase), then flat.
However, 2012 also saw roughly doubling (maybe tripling), then a spike in 2013 and a crash in 2014.
To me, this is more likely: either spike then crash or crash, then spike.

odolvlobo

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Since the low in January 2015, the price of Bitcoin has been increasing at a very consistent rate of about 6% per month. As shown on the graph below, the price should hit $1000 in June 2017 (+/- 2 months or so) if it continues at this pace.

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