Bitcoin Forum

The Bitcoin price has been reversing its descending path on to an upward trend. Trading looks good.

Considering the halving is going to happen in early January, do you believe Bitcoin can hit $600 before December?

blockhalving will roughly happen in late juli 2016. that's nowhere near january as you say. beside that, i think $600 is too high. my guess is more between $400-$500.

I think $600 is optimistic, but $300-$400 range seems likely, slow increments will help volatility in the long run.

The price upward basically triggers based on demand for the bitcoins. If more and more companies accepts bitcoins then surely bitcoin price will move up and I don't think this it will happen so fast by this year end to reach price 600. I think it may go up to 400 in this year.

800

http://bitcoinclock.com/

it will happen in july and it is going to $1000 IMO

I can agree with that and I'd say that another 4-5 times boost by next fall or beyond that at this point. Tho, I'm seeing this closer to $1k sooner than that and perhaps the repeat of the '13 early summer as the soon and the latter part of the year sometime during or after the hype of the halving.

In case you've  not been paying attention.. the price has big problems remaining at this level tending to slip down again into panic selling down to the near 200 range.
We won't get anywhere near 600.

you have been saying the same thing starting at $200 (saying it will crash to 100) then it went up to 250 (you said it will crash to 200) then it went up to 300 and now it is at ~280 and you are still saying the same stuff....

wasn't the same when we were in the 220-250 range? but look now we have made a good progress, so there is no reason to believe that we cannot make another one..

Trend looks good, but $600... That's impossible

imo It will be around $350 not more than this at current rate. Getting to $600 mark is just dreaming, Next year it will be a possibility because of halving but not before that. But with Bitcoin anything can happen right, We may have bitcoin sitting at $1200 a piece.

The next halving is in July 2016 not January 2016. I believe we can hit 500-600 USD as a result of the halving next July.

As far as January 2016 goes I think 350 USD is a good, realistic target. I don't like to set unrealistic targets so I've named two achievable price targets.

January 2016 - 350 USD
July 2016 (halving) - 500-600 USD

i love how you are trying to make everything around bitcoin look bad. it's a day job for you isn't it? my guess is that we'll see the price go to around $400 by then. not much higher.

I guess we will se a spike in between before stabalizing at those ranges.. It has been two years since any significant price spike. It is bound to happen sooner rather than later.

It's no way going to double by the end of the year. By the block halving (which is actually mid 2016) I think it will go up in value but no idea by how much. Maybe a hundred dollars or so. I expect a crash shortly after though as it will likely be caused just by people buying coins thinking the value is going to sky rocket.

I agree, no reason or big news that could drive a double in price.  If anything I think we have a bigger chance of the price cutting in half.  Mostly because the whole greek debt crisis runup was very weak, and shows we're on a slippery slope.  Also shows most everyone involved with btc is doing so for speculative reasons

It will be around 350$. That is my safe guess. If i have to be optimistic then it will be around 400$.

600$? nop. That is not going to happen unless Mark Karpeles runs his business again.

Aren't you the chump who sold his bitcoins at 10 bucks a pop?

If more and more companies start accepting, it will drive the price DOWN... Those companies need to have bitcoin exchanged to fiat in order to pay the bills. Dumping causes a price drop. Remember when Microsoft started accepting, in a week the price went down 100 dollars.  There's a world to be won to make options available for companies to spend their bitcoin. There are alot of options now, but it's more for the geek, not for serious business.

I think somewhere around 450/500, but who knows :)

Blockhalving will surely have a decent impact on the price but $600 is quite on the high side. If we manage to touch $500 I will greatly celebrate it.

IMPOSSIBLE, that is how you describe it!? Hope you agree that it's not possible to say this about bitcoin, you simply cannot know.... If a Warren Buffet or such a person decides tomorrow to convert a billion to bitcoin, we're allready there, so impossible is simply not true :) It's not likely, that I will agree :)

Exactly, nothing is impossible in Bitcoin. But if we remove the possibility of some extra rich man getting half of his life savings into Bitcoin and if we remove a possibility that blockchain will be hacked thus crashing the value considerably down, I also think $600 is on the high side.

I would be happy if we continue with the slow growth and if we would be anywhere in between $400-$500. This would be great!

It's funny looking at the pessimistic low predictions to try to save face in case you are wrong, after the big 1K crash people has become pessimistic and highly underrate the potential growth of BTC, feels good knowing the end price will be higher than any of the predictions being made on threads such as this one.

tell me what's the point of people making unreasonable price predictions? i much rather see realistic predictions that some of you guys might even consider low while in fact it isn't.

It not the case saving face for tomorrow. When we say some thing if not realistic at least it should reasonable and also with back up data. So without any big reasons here every one thinking reaching 600 may not be possible.

I think that's impossible we need jump high to reach $600. All player will start to pump price 6 or 4 month before halving. that's my opinion

No, not at all.
We can expect this price at the time of may June, 2016 and not December 2015.
Before halving there will be much hoarding and which will exponentially increase the bitcoin prices like the mtgox pump.

The problem is that one can't define what's "realistic" in the case of Bitcoin, because the fundamentals (mainly adoption) can't be measured reliably.

So any prediction might turn out to be extremely unreasonable (low or high) after the fact. I'd say - considering the past volatility of Bitcoin - $ 600 before December is a conservative bullish prediction.

ya.ya.yo!

I don't think bitcoin will reach that point. It will be more along the lines of 350$ in my view.

Yes you are right,  $600 is a bit like wonderland.
If we aim for $600 then the month should be around may or maybe June.
Just the same also happened to litecoin before halving.

Man you are all under-shooting. The moon is coming, next run-up imminent before December, $5k, $7k, $10k, Can't wait.

Actually, if you look at the price when overstock ,tiger direct, microsoft, etc started accepting bitcoins as payment, it actually DROPPED. Precisely because these companies traded bitcoins immediately into fiat.

We won't see 400 this year, no matter how many companies started accepting bitcoins.

We won't see 300 this year, no matter what.

We will likely test 230-240 this year.

That's totally the case, stop messing around w/ 5 or 600$ as is so impossible at this point.  Wallflowers will sell too early and miss out on the next run and will rue the day they folded w/ two pairs on a five stud hand. If you can't comprehend the thousands for bitcoin as the next runup point then just sell now and be out of the consolidation picture once and for all.