What's your guess on the price of bitcoin for Jan 2016 and July 2016? - page 4.

n2004al

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Quote from: mtnsaa on September 29, 2015, 03:43:23 AM

Yes I agree, but if Apple launches the iCoin tomorrow Bitcoin is doomed. Well you get the idea, if an "official" currency is created by a powerful player and goes mainstream Bitcoin will be instantly the new Litecoin and eventually die or remain an alternative to pay for drugs...

I don't think so. Apple has its followers that are to many. Maybe from all over the world But I think that are not never more than the bitcoiners which are followers of this coin since its creations. There are 6 years that bitcoin exist. The iCoin of Apple need 6 years to arrive bitcoin.

But even without this thought, that might not be true, I don't think that the followers of Apple are more than the followers of bitcoin (which will not abandon it, I think). This is only a feeling and I have no data about this. If will happen we will see.

deisik

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Quote from: mtnsaa on September 29, 2015, 03:43:23 AM

Yes I agree, but if Apple launches the iCoin tomorrow Bitcoin is doomed. Well you get the idea, if an "official" currency is created by a powerful player and goes mainstream Bitcoin will be instantly the new Litecoin and eventually die or remain an alternative to pay for drugs...

I totally disagree. It doesn't mean that iCoin won't be popular or that it won't be more popular than Bitcoin, but it would hardly eat away at Bitcoin's share, if ever

mtnsaa

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Yes I agree, but if Apple launches the iCoin tomorrow Bitcoin is doomed. Well you get the idea, if an "official" currency is created by a powerful player and goes mainstream Bitcoin will be instantly the new Litecoin and eventually die or remain an alternative to pay for drugs...

randy8777

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Quote from: mtnsaa on September 29, 2015, 03:14:44 AM

Around $300-350 in my opinion. I think that many countries will face an economic crisis in 2017, like Brazil and Bitcoin will definitely benefit from this. However any day there's a chance that a new cryptocurrency/technology backed by a big company or country takes its place.

could be, but bitcoin has been here for years and it has proven to be a great way of making payments. every competing altcoin will dry out at some point.

mtnsaa

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Around $300-350 in my opinion. I think that many countries will face an economic crisis in 2017, like Brazil and Bitcoin will definitely benefit from this. However any day there's a chance that a new cryptocurrency/technology backed by a big company or country takes its place.

n2004al

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Quote from: rscholey on September 19, 2015, 07:37:37 AM

A long time ago I bought a house in Canada. During the previous 12 month the average price was stable and had barely move a dollar. The sales agent told me tomorrow the price will go up $2000.

Hard for me to believe but anyway I signed the papers and bought the house. One of the things that pushed me to make the purchase was that my girlfriend was at the time crying after I initially told her I don't believe the price will go up and let's wait another week.

That week I saw in the papers some mention that the house prices had moved up. People read the papers and started to buy. In the weeks that followed there were more and more and more reports about price going up and guess what happened ... prices went up.

A year later the same house was being sold for TWICE the price by the builder.

What's my point here. Well if people think prices will go up then you can bet they do go up !

So what do you "think" will happen to the price of bitcoin ?

By the way I had quite a few friends at that time who wanted to buy but they put in offers after me. Those guys had the offers rejected so weeks later they tried again and rejected. It's been a long time but I think the friends never did end up buying. They were just too late.

I am ready to bet that this is not true. The people can realize other things with their hopes (for example political ones) but not the price of currencies. Who american don't want that us dollar go to the sky? Who of the people in my country don't want that our currency goes 1000 times more the value of us dollar? For the first question I have no answer (maybe I can guess) but I can assure you that every single person in my country wonder the yes of the second above question. Why this desire thought by the people is not realized? You tell me. Wink

About the prices asked by you in the above days I can tell you the exact ones only if I had the magic crystal ball. Otherwise I am shooting two values only to give you an answer. In the first date the price will go 450 us dollar one bitcoin and at the second date 1 000 us dollar one bitcoin. Hope that all the people think equally with me and in this way, in July 2016 I can have ready at least the money for the university of my two daughters. Cheesy

bajing

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after end of year maybe we can see price in range 300-350 and for july i think we can see price $600. surely when we close to halving block, price will increase fast.

Uses

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Honestly, nothing major seems to be happening anytime soon. I think the price will stay where it is now.

98789

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Close to 300 USD, in my opinion. I think price will go up in the upcoming months and will stabilize; prices have been fluctuating this year around 260 and I think the tendency will remain.

HeroCat

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Probably 1 BTC will be 215 USD or 216 USD in Jan 2016, regarding July 2016, it is very hard to say exactly Wink

1Referee

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It all depends on if whales are going to give the Bitcoin price a push before the real fireworks of the halving start. If this is the case then I can see Bitcoin easily go over $300.

If nothing happens then we most likely keep sitting at the $200-$250 level for some time. That's the hard reality.

7788bitcoin

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My guess is that in Jan-16, the price will still be between $200-250. By Jul-16, the price will reach about $600.

Shadowblade

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my guess is probably at $400 never know it might reach that high
or even more than that

richardsNY

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More in the range of $300-$325. New year means new start. That's what I hope at least.

deisik

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Quote from: NorrisK on September 21, 2015, 03:54:57 AM

Quote from: deisik on September 20, 2015, 07:48:23 AM

Quote from: Mickeyb on September 19, 2015, 12:59:19 PM

Exactly this. It seems to me that people keep forgetting that for the price of Bitcoin to stay stable, today somebody needs to buy 3,600 new coins. That's around $800,000 of the new money that gets poured into Bitcoin daily. That's quite a lot of money if you are asking me.

Wildly unfounded assumption unless you know (which you obviously don't) that all these newly minted coins are sold (exchanged for fiat) shortly after that have been mined...

And where did you get this number (3,600)? A new block is not found every 10 minutes (even on average)

The 3600 is the avarage based on 10 minute blocks. I practice, the avarage is even faster (due to increasing difficulty, until readjustment). 3600 is a safe estimate of daily new bitcoins mined.

Ofcourse not even close to that amount will hit the market, but also previously mined coins can enter the market with these coins, boosting the number.

But you forget to take into equation the amount of coins that are being lost forever

NorrisK

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Quote from: deisik on September 20, 2015, 07:48:23 AM

Quote from: Mickeyb on September 19, 2015, 12:59:19 PM

Exactly this. It seems to me that people keep forgetting that for the price of Bitcoin to stay stable, today somebody needs to buy 3,600 new coins. That's around $800,000 of the new money that gets poured into Bitcoin daily. That's quite a lot of money if you are asking me.

Wildly unfounded assumption unless you know (which you obviously don't) that all these newly minted coins are sold (exchanged for fiat) shortly after that have been mined...

And where did you get this number (3,600)? A new block is not found every 10 minutes (even on average)

The 3600 is the avarage based on 10 minute blocks. I practice, the avarage is even faster (due to increasing difficulty, until readjustment). 3600 is a safe estimate of daily new bitcoins mined.

Ofcourse not even close to that amount will hit the market, but also previously mined coins can enter the market with these coins, boosting the number.

lexuz

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Me, myself and I

Will see if demand increase before christmas, i think we can see price above $400

randy8777

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my guess is that the price will be around $290 by that time. don't think it has a lot chance of going over $300 by then. it's a realistic guess.

dothebeats

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Quote from: Harry Hood on September 20, 2015, 10:56:01 PM

I think the price will cross $300 as we get into 2016. My hunch is that the price will increase as we aporoach the halving, when blocks of bitcoin will reduce from 25 to 12.5 BTC per block.

If there is an increase demand, then surely it would increase. But if demand remains stagnant, a decreased supply wouldn't matter much and wouldn't affect the price that much.

Harry Hood

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I think the price will cross $300 as we get into 2016. My hunch is that the price will increase as we aporoach the halving, when blocks of bitcoin will reduce from 25 to 12.5 BTC per block.

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