Bitcoin Forum

Posting this here for future humiliation or exaltation, mid-long term price prediction.  New ATH I think $2-5k, after halving and ETF. 
The flat part in 2016 is a question mark, won't be that flat obviously but relatively stable.

https://i.imgur.com/J46421J.png

I hope you're right, I think it would make a lot of us very happy.  ETF, Gemini, adoption are all good additions, but they're all things that I would expect to be priced in to some degree by current watchers.  I think exposure to average Joe could be more powerful than all other influences if that should come to pass, especially if something made people lose faith in the current fiat system (though from talking to people who have never heard of BTC it seems that has a long way to go, as they still think money in the bank is something they own and is surety).

What is your reasoning for the increase, a lull and then rocket scenario in the chart?

The whole point of all those happenings is to drown current watchers in a sea of fresh blood.

There are already some quasi equivalents such as the KNCminer ETN and Itbit which haven't set the world on fire so I'm not sure they'd be a magic bullet, but it all builds towards a brighter future anyway.

The coin etf is a different ball game. And Gemini is a step closer to that occurrence. So they will both be highly bullish events IMO.

If they happen. The halving will support the price as it looms closer.

The bull run to 600 is the pricing in of the halving, plus possible global economic troubles later this year.  The lull on the chart will be some form of stabilization due to little new money coming in but people are hodling in anticipation of the halving.

I do not think the ETF will be fully priced in because there is still so much uncertainty around it.  When it is approved, the mainstream media exposure combined with the real effect of the reduced supply due to halving will push us to new ATH.

If there is demand that is awaiting the ETF then watch out folks, this bitch is gonna get wild as a mother fucker. These wall street broker types and hedge funds that are peeping this fund coming on line will make the price go moon and then some mark my words. The Wink bros have some fame and that is what will drive their fund to the top. Now is the time to keep picking up the cheaper coins!

You are thinking that halving time would be amazing, I also hope so.

But it can also go the other way.
What if the prices fall and miners start to leave mining because their income will become halved?

i certainly hope so, but i think late 2016 is still to early for a new ath. but bitcoin has proven many people wrong and surprised us so many times. anything can happen.

I hope so your prediction right but we near to end 2016 and price still same. I mean not want drop or up is stable like stunning in range 270-290

Well let's hope we'll be able to break $300 first. If we don't break it in the next two weeks it might not end well.

i'm more inclined to think that soemthing big will happen before the ath and not after, usually the hype is driven so crazy by the halving that it start a reverse chain which will bring the price to be pumped 1-2 months before or even more

I think the halving is almost guaranteed to give us a fairly significant price rise, as far as a new ATH in late 2016 I'm unsure but we should have doubled the price as a result of the nexr halving.

I'd like to think we'll have some improvement in the current price before the halving though. We've been stuck in the 200's for far too long now. Anybody who isn't takjng advantage of coins at these prices is an idiot. Buy & HODL & you will be rewarded greatly in the future.

This is all pure speculation and nobody knows what will happen. Halving, Gemini, ETFs, are maybe all already priced in into current price to some degree but nobody knows how much. We will see the OP's prices only if the average Joe gets his hands on Bitcoin, mass adoption is what we need the most and if tbis happens then sky really is the limit.

Halving could (and should) already be priced in current price imo.
It's a certainty, although timefactor is questionable, so usually investers will anticipate rather than reacting.
Personally I think halving will not be a huge spike, therefor I feel something else will make price move (up/down- unbiased). Whatever that may be...

LOL You're nuts if you think this illiquid market has priced in the halving already.

How did you predict the targets $600 and $5000 ?  Elliott wave?

last halving = 25x

Bitcoin's price could do with a boost now. It has been down in the dumps for more than a year now.

25* 300 = $7500

Then a crash down to $1400 then a rally back up to 40,000?

300, 400 and 600-700 are MAJOR support/resistance areas.  If this rally takes a typical 5-wave structure the tops should be around those areas (first one already in at $316). 

For the next ATH $2k-$5k is just a guess based on gut feeling, no one can claim to have more than that IMO.

Chart seems to predict possible pump and dumps over the coming months to halving. I'm getting in now and holding. The price as it always does will flux up and down and I think now is the best time to buy or invest in bitcoin.

Yes I'm also holding on my bitcoins and think they will reach the sky one day and then I'll sell my half of bitcoins and live a happy life mining some crypto and pumping and dumping them.

I guess your the lucky ones I sold the bulk of my holdings when the price was a mere 270 lol according to the graph I think I have some time tho lol to get the btc back

Here's what will happen: We'll get past 1K, at about 1.5 people will get nervous and start selling, create a small dump, then we'll go back up to 2.5, the people that already sold will become depressed, 2.5K holders will sell, the other guys waiting will get in, we will go to 3, another correction, 2.5K selles depressed.... etc etc all the way up to 10K, with another correction, more depressed people after we go 12... repeat for 15K, 17K, 20K, 27K, 45K, 67, 86K, 91K, 120K, 210K, 300K, 500K, 1MM...  a lot of millonaires and suicides will happen along the way, unfortunately.

in decades BTC all time graph will look like this:

http://investing.covestor.com/content/2013/02/berkshireclose150k.png


(current for BRK-A is 215K btw)

I really hope it happens that way. I'm excited for the halving, though I'm getting a bit anxious. Every day is one less day I have to accumulate.

It would be funny and sad at the same time if that drawing accurate for 2016..

And then the remainder of the flat line reverse downward trend instead of being up all the way down but every so slow. Of course, odds are it wont drop to zero unless something bad happen like those incidents I can remember with heart bleed bug and other stuff that effects the chain.

i hope what this crystalball said will coming true :D , for sure i never think price will reach to $150k and i can't explain if i have imagine about that price in my dream