The Price of Bitcoin is Now Double What It Was One Year Ago

zimmah

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Quote from: afbitcoins on May 27, 2016, 03:38:41 PM

Maybe it will be bullish

we might be at late 2013 instead, but seeing as how we seem to get a bull run before the halving, i indeed think we will see two runs.

One before the halving, then a short correction after the halving, and then the second run. Just like 2012-2013.

Seems to make sense too, near 3 year bear market, then 2 very big bull runs before and after the halving.

If we get similar bull runs like the last two, the first should get us to about $4000 (the peak, just like $1200 was the peak), the second should get us to about $35000 (peak).

After reaching the peak of $35000 or so it will drop to about $25000 and settle there for a while, and likely have another bear market for a few months/years.

If we only get one bull run, it will probably peak at $4000 and then drop back to about $2250 or so.

zimmah

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Quote from: ChrisPop on April 27, 2016, 03:20:35 AM

Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy.

Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015.

http://www.coindesk.com/bitcoin-price-double-2015/

So what do you think? Will it double again until 26th April 2017? Grin

In my view it will as halving is coming. Cheesy

one guy who has been good at predicting has predicted about $3000 buy 2017

i think it's pretty likely too.

We have a long way to go, at some point we need to go fast.

There's just not enough bitcoin for everyone at current prices. If people start to buy, prices need to go up. By a lot.

afbitcoins

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Maybe it will be bullish

Hamaber

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I think the bitcoin price will on average double every for the next 10 to 20 years. So buy some now.

coinplus

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Quote from: toyotaxpress on May 14, 2016, 09:29:30 AM

Price will reach more and more upwards

Yes, there are lot of possibilities for bitcoin prices keep on going upward. Because, the recent positive news on the bitcoins adoption and upcoming halving will support bitcoin prices keep on climbing.

BTCLovingDude

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BTC to the moon is inevitable...

it is very interesting to see the bitcoin price charts, nothing can be hidden in the history with charts.

especially when you compare those information with the type of comments you see here about bitcoin soon to drop below 200 type of topics which i always laugh at.

tommorisonwebdesign

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In my opinion, the price will only rise. Halving is coming around the corner and the price can only take off. With halving coming around the corner, we will dewfinitely see in my opinion the price more than double next year.

toyotaxpress

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Price will reach more and more upwards

~Bitcoin~

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I think it will be doubled by next year like this as bitcoin is still undervalued and upcoming halving is creating quite promising speculation in market. So i personally will not be amazed if we see bitcoin at 1000$+ by next year.

pooya87

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Quote from: Doms on April 27, 2016, 05:26:32 AM

i'm both excited and nervous as to what the future has in store for bitcoin. Will the bubble burst this year, and at what price would that be? If ever the price plummets, nobody knows to what levels it could fall. Should I sell when I'm at 50% profit already. But what if it reaches 100% just like it did last year? Ah, the dilemmas I'm facing.

there should be a bubble in the first place to burst, and there is none yet!
and as for your selling, have you ever thought about not selling bitcoin and maybe look into bitcoin a little more to see what bitcoin is? and maybe use it as a currency instead of just some investment that you dump on the first rise!

Hamaber

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Quote from: Doms on April 27, 2016, 05:26:32 AM

i'm both excited and nervous as to what the future has in store for bitcoin. Will the bubble burst this year, and at what price would that be? If ever the price plummets, nobody knows to what levels it could fall. Should I sell when I'm at 50% profit already. But what if it reaches 100% just like it did last year? Ah, the dilemmas I'm facing.

For the price of bitcoin at $450 or 500, there is no bubble. If the bitcoin price rises 100% a month, there is bubble.

Doms

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i'm both excited and nervous as to what the future has in store for bitcoin. Will the bubble burst this year, and at what price would that be? If ever the price plummets, nobody knows to what levels it could fall. Should I sell when I'm at 50% profit already. But what if it reaches 100% just like it did last year? Ah, the dilemmas I'm facing.

Rubberduckie

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Quote from: tiffyroman on April 27, 2016, 03:26:56 AM

The halving rally has started. My best guess it that the price would go as far as $750 by the end of the year.

Not sure if it gets that high but I dont see any reason at halving we arnt back at 600 like last year

Everyone start buying while you can

delliaerd

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Quote from: ChrisPop on April 27, 2016, 03:20:35 AM

Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy.

Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015.

http://www.coindesk.com/bitcoin-price-double-2015/

So what do you think? Will it double again until 26th April 2017? Grin

In my view it will as halving is coming. Cheesy

Of course I believe that bitcoin will increase the price in the 2017. Every years bitcoin gain up the price periodically. Even if in the next year bitcoin not reach double now price , at least the price touch 500 Dollars each.

teddy5145

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Quote from: Winoc on April 27, 2016, 04:05:07 AM

Bitcoin price will be rising up if more people join with us. That is the point.

Actually, the one that rises the price are the demand for bitcoin, even if bitcoin has many users using it if they decided to hold the bitcoin the price won't move at all Roll Eyes

We see a price spike because of the halving rally that's happening right now, might continue gradually until the halving itself

Quote from: lrdeoliveira on April 27, 2016, 04:41:05 AM

I'm pretty sure that the miners to continue their business need high value coins, so price can double again

Yep, If the miner can't make profit anymore they will leave the mining scene, and with that the difficulty will lower itself Tongue

So even if the price wasn't increasing the miners can still make profit with the difficulty, though mining nowadays is not that profitable anymore unless you have a mining rig, We can't use our GPU anymore for mining Tongue

tiggytomb

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I believe so, might even double this year but at the rate it is growing right now I think we'll be happy with a nice steady increase instead of peaks and troughs.

lrdeoliveira

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I'm pretty sure that the miners to continue their business need high value coins, so price can double again

Wapinter

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Quote from: ChrisPop on April 27, 2016, 03:20:35 AM

Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy.

Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015.

http://www.coindesk.com/bitcoin-price-double-2015/

So what do you think? Will it double again until 26th April 2017? Grin

In my view it will as halving is coming. Cheesy

Not just halving but many positive things is going to happen for bitcoin in near future like acceptance of bitcoin by many governments,more bitcoin users and of course halving will all lead to price increase

pedrog

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Quote from: Amph on April 27, 2016, 04:27:30 AM

Quote from: pedrog on April 27, 2016, 03:25:57 AM

It's also less than half of the all time high value, but yes, it will probably continue to increase and perhaps a new bubble on the horizon.

yes but the all time value lasted what few week? this increase has been there since months, so it's not fair to comapre the two

you are comparing un unstable increase to a much more stable increase

Well, the all time high lasted like a minute. Cheesy

But it was above $700 for months...

sakinaka

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Quote from: tiffyroman on April 27, 2016, 03:26:56 AM

The halving rally has started. My best guess it that the price would go as far as $750 by the end of the year.

It will surely reach that point at the peak of the bubble, but the I think that the new floor will be established at around 600$.

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