We've been at a downtrend for the past what, 13 months? No reason for it to spike yet. I agree that maybe in the 2016 block halving we might see $900-$1200. Not so sure about $2000 though.
downtrend is active still but all are expecting to see something like 2013 when btc from 20 jump to 1000
they expect to happen again that why they want to see price over 2k if this is possible like in 2013 then price should be over 5k in 2016
but this is only speculation
Unfortunately the 2013 spike was also influenced by the Mt. Gox incident. No guarantee that we'll have anything like that in 2016. But I'm fairly certain that prices in 2016 will be better than now.
let wait and see but I'm hoping to see price in 2016 of at least 600-700$ seem realistic to me
The downtrend is influenced mainly by the high inflation of BTCs compared to the $ and € during all 2014.
The € actually contracted seriously his MB
http://sdw.ecb.europa.eu/quickview.do?SERIES_KEY=123.ILM.M.U2.C.LT01.Z5.EURAnd the US had a stable MB in the last 6 months (until 24 December 2014 when the Fed printed out 256 Billions of new MB)
https://docs.google.com/spreadsheets/d/17Jjhd_nnfRJ9EyYuOM1ACPMwRod3hhPqRk4YQp7FIZE/pubhtml#Just the network didn't grow so fast as the price, not it is time to catch-up.
The price fell, slowly, because the new coins offered to the market were valued more than the market was willing or able to pay. And it eroded the exchange rate slowly, without sudden capitulations.
The big holders are holding big time, probably increasing their holds as the price went down (I know I did).
In the mean time the network transactions grew in number, were stable in value if measured in USD.
This imply, IMHO, the holders are holding and not spending, but more and more users are using Bitcoin as a payment system and this balanced the valume measured in USD.
Adoption from large, small and medium businesses just made Bitcoin more valuable and more attractive for a daily use.
If you can use it just for one type of use, adoption is slow and difficult. More uses it has faster and easier is adoption.
It is like using cash and suddenly one shop start accepting one type of Credit Card. It is improbable people is willing to pay the costs of getting a credit card just to be able to use it at a location alone.
Then other shops start accepting credit card and start giving you some discount if you use them (so they do not need to manage cash). The value of getting a credit card increase and more and more people start acquiring them. And at some time, the shopkeepers start to discourage cash use because it become a nuisance for them.
In my opinion, adoption will be driven mainly by marginal uses and merchants adoption. As a critical mass of merchants adopt Bitcoin AND the inflation of Bitcoin supply fall low enough, the adoption rate will increase faster and faster.
