Topic: Why Bitcoin Price Predictions for 2016 Range as High as $1200? - page 4. (Read 6249 times)

I guess it's because the price of $ 1200 is the price of a new and very high to be achieved this year. bitcoin price can not exceed the price as it was this year because the time limit would expire in a few months. and if at the end of the year prices to soar, I guess the price will not be more than $ 1,200, and it may not be stable. Well, we'll never know until it actually happens, but I predict that bitcoin prices will stabilize at a price of $ 900- $ 1,000 at the end of the year

It's a matter of demand, as more people get into BTC the demand rises and that is simple economics, price goes up when something is wanted.

I think it is because of the popularity of bitcoin.
As time passes by, they recognized the bitcoin as part of their lives. That's why there is no possible in the power of bitcoin.

They are depending that prediction on the last halving. Assuming what happen in the last halving would happen again this time. Some are even calculate higher than $1200.

i think because of the people interest and people investment in the field of bitcoin. as more and more people are taking interest in bitcoin and they are investing their assets in bitcoin therefore it is expecting that the price of bitcoin at the end of 2016 is going to make a new all time high price record.

Speculation, and we all know this speculation can be wrong or right and it is the right of every person to speculate something but not to the extent of  harming others.  That  is why many people said that bitcoin will hit this high or  low.  Anyway I agree that these so called event that will hinder the economic affair of the world whatever it is will have a great impact but it won't be bitcoin alone but to all currency that is afffected by such event.  But assuming that all is well until the end of 2016, i still don't think that bitcoin will hit 1.2k nor 1k  usd.  The reason is that there is no  big event yet to push it to that price unless it is being manipulated and whales wanted to create another late 2013 kind of a bubble.

Although I'm quite bullish and have my own simple logarithmic chart to show where I think it should be, it's a couple of months behind where I thought it would have climbed to, and am coming to acceptance that my preferred reality isn't going to be in 2016, but can see a nice jump given a little space.  There are so many people though that see BTC as an investment vehicle to get back into USD.  I hope I never have to sell a coin again, and that it will find it's footing so that when I let some depart it is for transactional reasons (buying weekly shopping or a car etc) - not for profit of a national currency which I want as little to do with as possible until people catch up.

There are of course the technical limits to deal with which will take time to prove themselves, and as a method of moving large amounts of money between continents, and with the extra proposed layers could also do the micro-transactions too.  I've invested a small amount in an  Alt, which is not meant as a currency (even though it is capable of that), but being Smart contract enabled and can fulfill a lot of the functional use beyond money, and I feel they can co-exist and can be translated between one another right now.

I had considered Ethereum at one point, but I didn't like the structure so gave it a wide berth, and then came the DAO event and changing ETH to ETC yet retaining the name of its original purpose when a minority voted and they forked, despite saying "Code is Law" (BS - the 'thief' played by the rules and the casino house reversed the action), means I'll never invest even toenail clippings in anything remotely connected to it.  They could have learned from Bitcoin in a different way - slow and steady might look antiquated, but it doesn't make the same mistakes as a 16 year old that still knows everything.

Also, having a little bit (maybe a percent or 2) of your investment in something else has quite an interesting effect on your thinking rather than being BTC only (I am still holding 99%+ of my investment in BTC at time of writing).

I do feel BTC will survive and will grow a lot - maybe not to those incredible numbers that would make billionaires out of throw aways like yesterdays losing lottery ticket.  I do think there will be some interesting peaks and troughs for some years to come (even multi-trillion markets still have that, albeit usually more slowly).  I've not forgotten about PM's either, it's just that they're a bit hard to manage for someone such as myself who travels around the world sometimes, and needs security of storage as well as no border limits (my hardware wallet is just a USB sized thing, no drama there, backed up in multiple continents with multiple assistants should I suddenly make an exit from this life - they can between them all collaborating and some effort put the pieces together and benefit when I'm gone, and not before).

I revise down my estimates though remain very bullish, I'm just coming to see that development, release candidates and confidence doesn't happen at the speed of thought like we would prefer to believe.  2017 I think will be the >$1000 year, and also maybe the >$2000 year.  I can't see the future with any clarity to say more than that other than 'in 5 to 10 it will be....'.

I'm also thinking this but I think that people where thinking this because of the fact that the halving that has took place.
If that was not here this year it would not be said, in the next year we can expect a big rise.

Like the most people are already saying its just that everyone thought the halving would be great and profitable.
The bad thing about is that this never happened, what a pity.

I dont think that bitcoin will touch 1200 USD even with Segwit coming in, maybe because of more matured investors  and traders unlike  its first bubble last 2013.  At this point I  think bitcoin is still at its correction stage but anytime soon it will mayber increase till 800 USD coz of this Segwit news.

You are right but people had this number in their mind because of the halving that was taken place this year, a lot of people thought it would rise to a high number and that the bitcoin would be very profitable.

I am not sure bitcoin could to touch the number 1200 USD. Now effect halving yet to be felt. when it should bitcoin prices could rise higher. market may bitcoin economy is still not very good, there are still many people who are not confident in using bitcoin.

800$ is quite decent prediction for the end of the year and that is easily to be reached if people would continue their works and still buyed some coins to stake and for the they will rise up the demand and make the price stretch, and also the provabilities of the price to reach 1000$ in this year or on next year has a high chance to be happen since it was listed on history that price really got in that far and i think it will happen again for another time if the good will let it happen.

Exactly, now in the end of the year, bitcoin might be possible come between $600 to $800, but before $800 it is impossible talk, because we should see the reality, Even i want to say that we are lucky if bitcoin would be cross at $800, because within 3 months bitcoin still stop in $580 to $613.  

I do not quite believe that prices will reach 1200 USD bitcoin. The maximum possible price movements bitcoin is 800 USD in 2016. and 1200 USD will be achieved in 2017. I am very confident and optimistic it will happen.

600 - 800 will be the range of the price of bitcoin before it ends the year But if it will be on$1000 i will be shock! Really shock because something it is impossible to happen haha but nothing is impossible we cant say that because 2016 is the year of bitcoin so what if?

iam diference about op write
my prediction price bitcoin in 2016 still under 1000 dollar
this now price bitcoin 600dollar i thin is very dificult is price bitcoin over 1000dollar
not big news can wave price market

every single year we hear predictions about btc price to hit >1000$ ,sometimes even 2-3k $ level
but what we saw was 200$ low just a few months ago,followed by the >700$ peak and 600$ stabilisation
predictions are just speculations without anything to back them up,what you need is ANALYSIS which is prediction based on trends,events basically metrologically correct data ,something that can be measured
you cannot just say:"I think bitcoin would cost 1000$ because I want it to be so."
one also has to consider the so called "black swan" event(s)
(if you heaven't read Black Swan by Nassim Taleb yet,I would strongly encourage you to read it asap)
i.e. sudden global market collapse,blockchain hidden vulnerability discovered,war,new,better,crypto currency introduced and so on and so forth
with the amount of globalisation of the world we are living in  any event could have huge impact
and the price could go either way

we all hope that price  goes that high once again in the very near future and i think bitcoin has the potential of going there very soon.

but the reason why the speculations are ranging only as high as $1200 is that people are more realistic now and bitcoin movement is also more realistic so you can't expect a 1 million dollar price anymore.

Well the bitcoin price was so high because of the halving that would be so good and great but this was not the point.
People thought and said the bitcoin halving would be so good that it would hit the 1000 dollar again....