Topic: Everyone is hyping about bitcoin price in 2016 - page 9. (Read 10723 times)
I think it will increase with the incoming block halving, with less BTC in the market from mining the price should increase. Wondering if mining BTC will be profitable after the halving.
This concerns me about what will happen to bitcoin price after 2016 ? Will it crash after the block halving ? Is there any upcoming incident in 2017-18 that may push the price up again ?
Here's my prediction: By summer 2016 the price of Bitcoin will be aruond $500 and from that point it will grow steadily, 20%-25% per year, so it will be around $600 in 2017, and it will be around $730 in 2018. The main reasons for the growing are that Bitcoin will be introduced (in a good way) to more people.
This is my current vision about the halving that had made bitcoin reach a high value without nothing real big to that happen soo i may say this will turn into back to the 300 dollars.
I believe there is always a hype every now and then, but Bitcoin is too big to just stop in such a short period of time. And the halving should make the price rise significantly.
I think it will be the exact opposite regarding block halving, it should increase massively in price after the halving since the incoming supply would be halved, At least this is how I see it.
I think its safe to say that 2016 will be a big year for bitcoin for 2 main reasons
1. Many fortune 500 companies and banks have recently invested in the cryptocurrency
1. Many fortune 500 companies and banks have recently invested in the cryptocurrency
There is no sign that large companies or banks are supporting Bitcoin. More the opposite. Banks are just looking at blockchain technology for their own use.
It depends on the popularity of bitcoin. When bitcoin is widely adopted and is very popular, the banks will support it to make money.
Nope. Banks wont support Bitcoin, as they have no control over it. They will make their own "Bitcoin". That's the point of all this R3 bank consortium anyway. Banks are only interested in the blockchain, and how it can benefit them, not the customer.
I think its safe to say that 2016 will be a big year for bitcoin for 2 main reasons
1. Many fortune 500 companies and banks have recently invested in the cryptocurrency
1. Many fortune 500 companies and banks have recently invested in the cryptocurrency
There is no sign that large companies or banks are supporting Bitcoin. More the opposite. Banks are just looking at blockchain technology for their own use.
It depends on the popularity of bitcoin. When bitcoin is widely adopted and is very popular, the banks will support it to make money.
I think its safe to say that 2016 will be a big year for bitcoin for 2 main reasons
1. Many fortune 500 companies and banks have recently invested in the cryptocurrency
1. Many fortune 500 companies and banks have recently invested in the cryptocurrency
There is no sign that large companies or banks are supporting Bitcoin. More the opposite. Banks are just looking at blockchain technology for their own use.
There appears to be renewed interest in a lot of alt coins for 2016 as we have already seen several pumps. I agree that a rising BTC floats all boats, as most alts are directly coupled to the price of BTC, but I also think we will start to see a bit more independence as the year progresses, including LTC. We had the pump last year where LTC broke above $8 and above the .01 LTC/BTC ratio so it is not always directly coupled to BTC, and I have a feeling we might see a few more pumps. While most alts are only good for pump/dump, I believe over time the more useful alts will begin to take on a life of their own.
Millions of new users are required to increase the price by a significant amount.
Not really, i guess it really mostly depend on who the users are, and it's the people that are interested in blockchain tech, and investors mostly probably.
A strong impact on the btc/fiat price is affected by block reward as well, and it should be a lot easier for the price to rise once the miner dumps are halved.
Don't be so negative, half of success is in attitude.
Millions of new users are required to increase the price by a significant amount.
I think the block halving will increase the BTC price since the offering will be lower, Technically I think lower offer would equal higher price with the same demand "which can rise since BTC is gaining more ground now".
Every community hypes about their supported crypto and it's not just in BTC. It happens on those Pump and Dump coins as well. Not sure if the hyping is successful though as the price just keeps on getting lower.
Everyone is hyping yes, but its true about the price.
The price will rise and everyone is excited to make profit.
So that's why they are hyping about it.
The price will rise and everyone is excited to make profit.
So that's why they are hyping about it.
I don't know why people will be "HYPING" about the price, it seems to be going lower and lower. RIP Bitcoin
This is bitcointalk forum about bitcoin..This is right place for this kind of talks.
I don't see anything wrong in this price predictions..
Its natural when halving happens price will start to rise sooner or later .
I don't see anything wrong in this price predictions..
Its natural when halving happens price will start to rise sooner or later .
I hope the bitcoin price gets to $10000 as many people believe it will 
Yeah we hope that one day it will reach that price for sure, but still its a long way to go, and we are not sure whether it will go that far or not, but surely it would cross $600 in the next coming months, and if it reaches that price than many of us would be enjoying some profits.
That should be very nice.
Nobody knows what the future will bring. But everything is possible.
I am a believer and have plenty of time.
With all else being equal the halving will put pressure on the miners to hold out for more return on their earnings. With the block reward going from 25 down to 12.5 and using current prices ~$375 BTC, their income would drop from $9,375/block (25*$375) down to $4697.50 (12.5*$375) if the price did not rise. Mining revenue is already running on razor thin margins, so a prolonged period of lower prices would force many miners to shut down. This coupled with the fact that the incoming dilution of fresh BTC is also going to decrease from approximately 6000 new BTC/day down to 3000 BTC/day, should combine to strengthen prices over the long term.
The only effect of the halving is that the fresh supply of bitcoin will reduce by halve. It needs less money to support the price.
With all else being equal the halving will put pressure on the miners to hold out for more return on their earnings. With the block reward going from 25 down to 12.5 and using current prices ~$375 BTC, their income would drop from $9,375/block (25*$375) down to $4697.50 (12.5*$375) if the price did not rise. Mining revenue is already running on razor thin margins, so a prolonged period of lower prices would force many miners to shut down. This coupled with the fact that the incoming dilution of fresh BTC is also going to decrease from approximately 6000 new BTC/day down to 3000 BTC/day, should combine to strengthen prices over the long term.
This concerns me about what will happen to bitcoin price after 2016 ? Will it crash after the block halving ? Is there any upcoming incident in 2017-18 that may push the price up again ?
it depending what happen in bitcoin halving,i am sure bitcoin halving will give effect to bitcoin price,and we all dont know what will happen,the bitcoin halving effect will influence bitcoin pric until 2017-18 i think.
I hope the bitcoin price gets to $10000 as many people believe it will
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