Why Bitcoin price could hit all time highs in 2016

sishendaoye

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Quote from: virasog on April 26, 2016, 03:00:52 PM

If the bitcoin hit the all time high, then the price will be over $1200. That is just three times of present value. So it is possible.

Of course its possible, this is all because of the halving that is coming this year, because of the halving of the block size it will be possible for sure.
I think there is a good chance that the price is gonna rise to a higher amount with the bitcoin and it will hit this record height, I really believe in it!

virasog

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If the bitcoin hit the all time high, then the price will be over $1200. That is just three times of present value. So it is possible.

mikewillda

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Quote from: 7788bitcoin on April 19, 2016, 08:57:27 AM

A lot of people have heard about bitcoin but only know about the "dark side" of it, such as black market or drugs or even terrorism... These negative news have stop many to even go deeper to understand what bitcoin really is.

I think we will hear more and more news about bitcoin. The price is going to break the all time highs but the chance is still low in 2016, even with the reward halving-- the blocksize issue is suppressing the growth...

For the time being, most of the news about bitcoin is positive. Most of the criminals related to bitcoin are arrested.

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A lot of people have heard about bitcoin but only know about the "dark side" of it, such as black market or drugs or even terrorism... These negative news have stop many to even go deeper to understand what bitcoin really is.

I think we will hear more and more news about bitcoin. The price is going to break the all time highs but the chance is still low in 2016, even with the reward halving-- the blocksize issue is suppressing the growth...

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Quote from: mikewillda on April 15, 2016, 03:20:42 PM

Quote from: romero121 on April 14, 2016, 09:11:52 AM

Quote from: co5hike on April 07, 2016, 06:40:15 AM

Quote from: mikewillda on April 07, 2016, 06:31:03 AM

There are several reasons, the bitcoin block size will be increased later this year, the block reward will also be halved.

Yeah that is right and we have opportunity to see all time high price in this year becuase of the upcoming events that we have in this year which will lead to higher price by the end of the year.

With all time high price expectation, most has speculated 2016 to be the year of bitcoin. But I don't think that the price would go high than the price of last time halving.

The peak of 2013, when it is the year after the halving, the price was about $1200. This year, the price will be higher than that.

This year, more people will know about bitcoin. The transaction size will also increase a lot this year.

mikewillda

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Quote from: romero121 on April 14, 2016, 09:11:52 AM

Quote from: co5hike on April 07, 2016, 06:40:15 AM

Quote from: mikewillda on April 07, 2016, 06:31:03 AM

There are several reasons, the bitcoin block size will be increased later this year, the block reward will also be halved.

Yeah that is right and we have opportunity to see all time high price in this year becuase of the upcoming events that we have in this year which will lead to higher price by the end of the year.

With all time high price expectation, most has speculated 2016 to be the year of bitcoin. But I don't think that the price would go high than the price of last time halving.

The peak of 2013, when it is the year after the halving, the price was about $1200. This year, the price will be higher than that.

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Quote from: co5hike on April 07, 2016, 06:40:15 AM

Quote from: mikewillda on April 07, 2016, 06:31:03 AM

There are several reasons, the bitcoin block size will be increased later this year, the block reward will also be halved.

Yeah that is right and we have opportunity to see all time high price in this year becuase of the upcoming events that we have in this year which will lead to higher price by the end of the year.

With all time high price expectation, most has speculated 2016 to be the year of bitcoin. But I don't think that the price would go high than the price of last time halving.

mikewillda

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Quote from: 0day on April 07, 2016, 12:50:22 PM

Because there is a news inituated in the favor of bitcoin in this year, that in this year(2016) halving will occur and it will have a good effect on its price, so people have a believe that the price will increase and in that way people are not going to sell their bitcoins on low price, and also the demand for bitcoin increased.

Halving will reduce the pressure of dump from the miners. The block size increase will help the mass adoption.

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Because there is a news inituated in the favor of bitcoin in this year, that in this year(2016) halving will occur and it will have a good effect on its price, so people have a believe that the price will increase and in that way people are not going to sell their bitcoins on low price, and also the demand for bitcoin increased.

iv4n

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Could hit all time highs is possible of course. Big question is when?
This is nice video, very optimistic. He presented some information and based on that he made this kind of prediction. I believe more in what some people say here about halving, and I see lot of comments about that price is already doubled. Its very hard to predict what will happen after halving, so as a gambler I give chance to everything. Bigger chance smaller odd and smaller chance bigger odd normally.
I will be satisfied with constant and slow rise. Everything will come with the time, just take it easy.

BTCLovingDude

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Quote from: co5hike on April 07, 2016, 06:40:15 AM

Quote from: mikewillda on April 07, 2016, 06:31:03 AM

There are several reasons, the bitcoin block size will be increased later this year, the block reward will also be halved.

Yeah that is right and we have opportunity to see all time high price in this year becuase of the upcoming events that we have in this year which will lead to higher price by the end of the year.

i just want to add that raising the block size has nothing to do with the price. although if the block size changes and the battle ends then the news can cause investors to start buying before they miss out, so the price can rise.

co5hike

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Quote from: mikewillda on April 07, 2016, 06:31:03 AM

There are several reasons, the bitcoin block size will be increased later this year, the block reward will also be halved.

Yeah that is right and we have opportunity to see all time high price in this year becuase of the upcoming events that we have in this year which will lead to higher price by the end of the year.

mikewillda

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There are several reasons, the bitcoin block size will be increased later this year, the block reward will also be halved.

Herbert2020

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Quote from: richardsNY on March 28, 2016, 04:04:20 PM

Quote from: Redkan on March 28, 2016, 02:32:31 PM

It depends on the halving and the block size increase. Halving can drive the price to $700. The block size increase could drive it to $1300.

How did you even come up with these numbers? I think if we manage to stay above $600 then it can be considered a great achievement. Everything above that is a nice extra bonus for all of us. It will be a real challenge to see the price reach $1000 again as there will be a lot selling pressure created by whales to prevent it from touching the $1000 price level.

why the last part? it is exactly the opposite. the whales would want the price to go to $1000 and above more than you and me, for every 1BTC we have whales have 100 so if we gain $600 profit they earn $60,000 you still think whales will put sell pressure to prevent the rise?!!

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Quote from: crairezx20 on April 06, 2016, 04:53:43 PM

Quote from: jt byte on April 06, 2016, 10:27:26 AM

Well this is explainable simply, the halving is coming this year and that would most likely give the bitcoin a huge boost if everything goes well.
Another thing is that the numbers of users and stores are also growing so if you combine these thins together, it will create a huge boost to the bitcoin.
People have faith in the bitcoin again, they are believing fully again in it.

Yeah thats true bitcoin will boost much more in this year after halving and some store accepting bitcoin as payment each of every country will happen in this year.. and i read some news in our country that some store can accept bitcoin as payment if the government accept this kind of money in our industry..

i am mostly waiting for Steam to start accepting bitcoin. it is not exactly the biggest event but i am sure it is going to be big. since the gaming community and all those users buying games may not have credit card (because of their age) or don't want to use their credit cards in steam. so they can easily use bitcoin instead.

crairezx20

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Quote from: jt byte on April 06, 2016, 10:27:26 AM

Well this is explainable simply, the halving is coming this year and that would most likely give the bitcoin a huge boost if everything goes well.
Another thing is that the numbers of users and stores are also growing so if you combine these thins together, it will create a huge boost to the bitcoin.
People have faith in the bitcoin again, they are believing fully again in it.

Yeah thats true bitcoin will boost much more in this year after halving and some store accepting bitcoin as payment each of every country will happen in this year.. and i read some news in our country that some store can accept bitcoin as payment if the government accept this kind of money in our industry..

maokoto

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But... if price raise due to the halving is so certain...Why is it that it does not rise right now? If everybody knew that a certain item price will double at a certain point, Would not that people buy right here, right now? Perhaps the raise we already saw from 200 something to 400 is already the "halving" price?

jt byte

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Well this is explainable simply, the halving is coming this year and that would most likely give the bitcoin a huge boost if everything goes well.
Another thing is that the numbers of users and stores are also growing so if you combine these thins together, it will create a huge boost to the bitcoin.
People have faith in the bitcoin again, they are believing fully again in it.

n0ne

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Quote from: mikewillda on April 05, 2016, 11:43:57 AM

Quote from: Herbert2020 on March 23, 2016, 01:07:49 AM

there are many reasons that can lead to price rise, the best one is more adoption that is growing everyday.

but about the 2016 rise i think the major reason is going to be the halving and the expectation that it has created among the investors for price rise.

The adoption is growing at the moment. I start more buying with bitcoin now. I also make little bit through signature.

Truly now more users have come into bitcoin community. This could surely make bitcoin grow high as well due to halving this year might be one among the best years of bitcoin.

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Quote from: mikewillda on April 05, 2016, 11:43:57 AM

Quote from: Herbert2020 on March 23, 2016, 01:07:49 AM

there are many reasons that can lead to price rise, the best one is more adoption that is growing everyday.

but about the 2016 rise i think the major reason is going to be the halving and the expectation that it has created among the investors for price rise.

The adoption is growing at the moment. I start more buying with bitcoin now. I also make little bit through signature.

The adoption of bitcoin has increased than the past. The best part is the halving, only based on comparison with last time halving bitcoin price is speculated by most users as the highest of all time on 2016.

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