The Great Bitcoin Rally of 2016 | Bitcointalksearch.org

zimmah

legendary

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The trend in the monetary world is having a cashless society. For good or bad, bitcoin could play an integral part and we stand to gain massively. Even a sum of 10 bitcoins will be life changing.

Of course, otherwise people would hover agree with negative interest rates, but if you just make the option to go cash unavailable than they have no choice but to comply.

That's how government and banks keep fucking everybody over, they make changes that appear to be good to steer everyone in a position they don't want to be in, but they never realize it until it's too late.

NUFCrichard

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Quote from: dmwardjr on June 16, 2016, 04:17:38 AM

Quote from: Washika on June 16, 2016, 04:12:57 AM

Quote from: dmwardjr on June 14, 2016, 04:45:54 AM

Quote from: TerraFrutis on June 12, 2016, 08:59:59 PM

The revolution has begun! Yeehaw. Cool

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Yes, it does. However, I believe 2017 will make 2016 look like playing poker at the kiddy table.

In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double.

I can see your point of view from that perspective. However, I'm taking into account other things going on in our world economy that may create flight from FIAT into crypto. 2016 is only the beginning of a massive pump to last for several years to come.

EDIT: I can see $14,000 per BTC by end of 2017 quite easily. [That's being VERY conservative IMO].

FOMO is nothing compared to FOLOF (Fear Of Losing On Fiat). Many will seek to hedge potential losses from their own currency devaluing by purchasing crypto. We could have as many as 100,000,000 Chinese purchase bitcoin by end of 2017.

I am not sure you understand what conservative means!
I would put a VERY conservative estimate at $200 for the end of 2017. I expect that it will be higher and $14k is not impossible, if unlikely.

I get that you will say that if just 5% of the Chinese move just 2% of their money into bitcoin then... but that is very speculative, not conservative

dmwardjr

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Technical Analyst/Trader

Quote from: Washika on June 16, 2016, 04:12:57 AM

Quote from: dmwardjr on June 14, 2016, 04:45:54 AM

Quote from: TerraFrutis on June 12, 2016, 08:59:59 PM

The revolution has begun! Yeehaw. Cool

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Yes, it does. However, I believe 2017 will make 2016 look like playing poker at the kiddy table.

In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double.

I can see your point of view from that perspective. However, I'm taking into account other things going on in our world economy that may create flight from FIAT into crypto. 2016 is only the beginning of a massive pump to last for several years to come.

EDIT: I can see $14,000 per BTC by end of 2017 quite easily. [That's being VERY conservative IMO].

FOMO is nothing compared to FOLOF (Fear Of Losing On Fiat). Many will seek to hedge potential losses from their own currency devaluing by purchasing crypto. We could have as many as 100,000,000 Chinese purchase bitcoin by end of 2017.

Washika

sr. member

Activity: 332

Merit: 250

Quote from: dmwardjr on June 14, 2016, 04:45:54 AM

Quote from: TerraFrutis on June 12, 2016, 08:59:59 PM

The revolution has begun! Yeehaw. Cool

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Yes, it does. However, I believe 2017 will make 2016 look like playing poker at the kiddy table.

In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double.

dmwardjr

legendary

Activity: 1302

Merit: 1318

Technical Analyst/Trader

Quote from: TerraFrutis on June 12, 2016, 08:59:59 PM

The revolution has begun! Yeehaw. Cool

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Yes, it does. However, I believe 2017 will make 2016 look like playing poker at the kiddy table.

Washika

sr. member

Activity: 332

Merit: 250

Quote from: TerraFrutis on June 12, 2016, 08:59:59 PM

The revolution has begun! Yeehaw. Cool

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

That is a good rally. But the pace is too fast. If it rises 10% a month, I will not be too worried about the performance.

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

The trend in the monetary world is having a cashless society. For good or bad, bitcoin could play an integral part and we stand to gain massively. Even a sum of 10 bitcoins will be life changing.

Yeah definitely. Bitcoin can be the perfect currency in a cashless, virtual society. We need a replacement for chunky people of gold and silver somehow, and the answer lies in Bitcoin in my opinion.

The party has just started boys Cheesy

TerraFrutis

newbie

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The revolution has begun! Yeehaw. Cool

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Cybertron00

full member

Activity: 126

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I will just watch and see what will happen to bitcoin, if it suddenly comes to a fall ill try to sell before a great fall. After the great fall I will buy then wait for a new rally in price. Grin

Cyaren

sr. member

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Merit: 250

Quote from: elux on April 23, 2016, 06:09:26 PM

It has begun.

What a prediction, lol. Thinking back I should have taken everyone's advice more seriously and bought all that I could instead of only buying with a portion of my income. Now I'm regretting.

But a great rallying happening right now. Go BTC!

1Referee

legendary

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Quote from: Ahab_Hunter_of_BearWhale on June 12, 2016, 03:17:39 PM

Quote from: chesthing on April 28, 2016, 01:17:03 PM

Quote from: richardsNY on April 28, 2016, 01:05:28 PM

Quote from: bitcoin carpenter on April 24, 2016, 10:25:29 AM

Coinbase is leading this rally.

Probably the most telling sign that this is new money pumping the price, not just traders manipulating it.

I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market.

This rally was led by Coinbase - the reason I say that it was several dollars higher than all other exchanges for most of this rally. Coinbase is the main way new people buy bitcoins, at least here in the states. It certainly surprised me this happened - and now that they take debit cards for instant purchases we might see more of these rallys as it just got easier to buy - before, you needed a credit card on your account to purchase instantly.

Nah, 90%+ of the buying is coming from China.

China is leading for sure. Just look at the price there! It's like November 2013 where the price is only going up and up. Every time you think this is the top, the price will demolish that price level and continue to go up. It's insane!

elux

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Ahab_Hunter_of_BearWhale

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Quote from: chesthing on April 28, 2016, 01:17:03 PM

Quote from: richardsNY on April 28, 2016, 01:05:28 PM

Quote from: bitcoin carpenter on April 24, 2016, 10:25:29 AM

Coinbase is leading this rally.

Probably the most telling sign that this is new money pumping the price, not just traders manipulating it.

I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market.

This rally was led by Coinbase - the reason I say that it was several dollars higher than all other exchanges for most of this rally. Coinbase is the main way new people buy bitcoins, at least here in the states. It certainly surprised me this happened - and now that they take debit cards for instant purchases we might see more of these rallys as it just got easier to buy - before, you needed a credit card on your account to purchase instantly.

Nah, 90%+ of the buying is coming from China.

bit1

legendary

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Very close to reach the max. level on marketcap happened on Dec 2013 wich was aprox.13.5B , but still lack the enormous sum of 3B.

elux

legendary

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Merit: 1006

Quote from: elux on May 28, 2016, 12:51:10 PM

New ATH 2016 ^®™

zimmah

legendary

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Quote from: Washika on June 07, 2016, 02:09:52 AM

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

2500 times higher with just 100 million users?

that seems really unlikely, I'm very positive about bitcoin and believe the price will skyrocket at some point, especially once adoption grows, but 2500 times? That's an awful lot.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: asrilani on June 11, 2016, 02:18:59 AM

Quote from: Zosinburg on June 10, 2016, 05:04:51 AM

Quote from: Washika on June 07, 2016, 02:09:52 AM

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million.

It is possible for the user number to be 50 million in 4 years if there are good main stream media exposure.

this will happen soon, and it has already started.
especially after the price rise up untill now there will be a lot more attention from people and the media to bitcoin and all of that will bring more investors in.
and if there is a big rise then there will be even more attention and media coverage which will bring much more people in.

asrilani

full member

Activity: 206

Merit: 100

Quote from: Zosinburg on June 10, 2016, 05:04:51 AM

Quote from: Washika on June 07, 2016, 02:09:52 AM

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million.

It is possible for the user number to be 50 million in 4 years if there are good main stream media exposure.

Zosinburg

newbie

Activity: 64

Merit: 0

Quote from: Washika on June 07, 2016, 02:09:52 AM

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million.

Washika

sr. member

Activity: 332

Merit: 250

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

Topic: The Great Bitcoin Rally of 2016 (Read 4941 times)