Bitcoin Forum

the Bitcoin Price rose by more than 80% just in 2 years!!


https://i.imgur.com/g1PjOaU.png

https://i.imgur.com/g1PjOaU.png



In fact, compared to two years ago, our prices have been rising, despite it is slow, but this speed still is fast faster than the vast majority of things, the Bitcoin Price rose by 80% just in 2 years!!

so for $500 price, even $1,000 price, I also believe it eventually will be realized in one day, but not in this year or next year.

I estimate that the price will reach at $500 in 2021.

i think your "let it go" circle is too small - it needs to extend all the way out to todays date as i consider current price is still a hangover from the goxing and unless the manipulators keep playing with it in the $200-$300 level it will do down markedly. perhaps to the $110 or below. so bitcoin will have grown 0% in 2 years.

more bullishly however if you take your start point not at $110 but go back when it was $2 then the growth  to $110 is very very good and if the past is an indicator to the future $500 is still soon

i prefer a slow but stable growth. peaks are nice if you want to sell your coins for a good profit. but as always, peaks don't last.

Slow grow is fine if we are talking about bitcoin only as a currency and money transfer method. If you want to use bitcoin as an investment method slow grow is not the best, you can day trade, you can't speculate all you can is wait for price slowly to be higher... If that will be the case many people will leave bitcoin.

Wow. :D

40% per year growth? Nah it is more like around 10000% in the first year, 1000% in the next couple of years, -50% now, 1000% in 2016, 10000% in 2017..

In other words as long as the price was lower than the current one at some point in time you can always draw a line that points upward underneath.

Until this happens
https://i.imgur.com/EZ1lzwg.jpg

\

This is a dumbass comperasion and you should feel bad for doing it.

I agree mostly with the OP's assessment. 80% increase over the last 2 years is great. But this is bitcoinland and people expect 100000000% rise in one night. High expectation means huge disappointment later.

But we are now back at levels before the Willy Bot. Price should not be influenced too much by those happenings anymore by now.

I should feel bad for laughing at my own jokes but since I'm mainly laughing at the people in this forum that might take preference. I still don't feel bad... well, perhaps a little because I'm wasting my time.

highly unlikely. People will lose interest if bitcoin continues to stay flat.

It may find some small niche applications so that it doesn't die, but then the price will very likely start to drop as people lose confidence in speculation, which is 99% of the value right now.

on the contrary.  flat btc/fiat exchange means we have reached a good level of stability where you can enter and not be scared to lose your shirt tomorrow.  this is after all a brand new "experiment."  as someone said before, in 2020 it will be worth a lot or nothing at all.  only time will tell.  either way don't invest money that you can not afford to lose in an emerging market with high risk. 

Despite the unstable prices of it there are still a lot of investors having put there hopes for the coins.

you may be right or may be added more than $ 500, the question here is, what can you buy with $ 500 in 2021 ??

yeah, but people never need toooo disappointed, Bitcoin is still a very good prospects

See, you are contradicting yourself. It will either be worth a lot or very little. That means that it won't stay flat.

Currently people who want any sort of stability would not be anywhere near bitcoin in the first place. Those that use common sense, anyway. It's unfortunate many people lack that.

I don't see a contradiction. Gold stayed pretty flat through the first half of the 1990s (http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx), for example, before enjoying a dramatic rise through the 2000s. I don't for one minute believe that BTC has low-volatility in the medium- to long-term, but its volatility right now (https://btcvol.info/) is certainly at the low end (for BTC - though at 1.7% it's not that far from major currencies (0.5% - 1.0%) and gold (1.2%).

hopefully this prediction come true, want see bitcoin to the moon again and our motivation increase to get 'golden' at coin world

the problem is that it is not somethign that we can control, it's about manipulation, and they often "say" that they prefer great spike


there is only one reason why bitcoin must increase in value

block halving, if the value will not increase at the end miners will leave the scene, and bitcoin will die inevitably

Actually the difficulty would just drop and mining would become more and more feasible/profitable.

Anyone who thinks that the ATH from Nov. 2013 is of natural occurrence must be out of his mind. People should have long realized that it is purely manipulation right there, not some natural market movements. Up or down, I'd still stay no matter what. Besides, I first came here for the purpose of learning something rather than profiting off of it, so why would I even care at all? :)

Long, cold winters and short, bright, explosive summers are the natural seasons of this planet.

OP is right, the peak in 2013 is "untrue". It doesn't mean we can't reach that level ever again. Bitcoin is more popular now than in 2013. There are so much more businesses interested in adopting Bitcoin. I think we can reach $500 much sooner than you think.

Winters do not apply in all regions of this planet, especially those countries that lie within the tropical region. :) I agree that these seasons are naturally-occurring to our planet, but it is wrong to compare it with what happened to the ATH way back 2013. You know Willy was involved in that rise, more people helped him to finish the job because of the hype. :)

This might be the most accurate guess I have seen on these forums!  Everyone used to be thinking 10,000 dollars blah blah, The price is finally stabilized and now we can go for the slight increase yearly.

I refer not to Earth, but a different planet that twinkles like bright metal on a sullen ground. ;)

Anyway, if Willy's trades had this effect on price, with what appears to have been an averaged purchase of ~$300/BTC, then such buying would have occurred naturally with actual fiat simply out of a motivation for profit, as with "Momentum Ignition" in stocks.

it's weird. so many people say they don't like the volatility as they want a stable price. but at the moment the price seems fairly stable, then the exact same people complain about the price that isn't moving  ???

quite a long time to get to $ 500, I think it will happen in 2016  :D

Well I hope that this planet is not very far from here because things will change drastically. :)

As for the Willy trades, almost everything is manipulated by the bot itself, the market followed suite when they notice that things are going to get crazy so they joined in. And that itself isn't a natural occurrence, because they figured out something is happening that's why they also bought and joined the party.

this is true only about the steady growth and the price floor that bitcoin will always have in the future. but the price can easily start jumping up again if there is any new happening in the future.

anything like any new business accepting it or any bazzar road thingy to spend bitcoin in or even another big pump can bring the price very high again

Indeed. Don't expect a linear rise to 500. Most likely we will touch 700 or even 1500 and higher on the way there. Just don't expect it to hold very long at those levels.

i dont think we can go to those levels like you said. Perhaps some people think big trader have try to manipulation market to hold price in this range but in the real is look not like manipulation. I mean if no investor comes bitcoin prices will not move up

actually it depends largest bitcoin holders, they can control the price in the years that will come.
perhaps in the coming year is bitcoin will rise more than $ 500

i agree, in my opinion the whales are going to control the bitcoin price market for the foreseeable future . so it is only the matter of time where another pump comes along and the price goes up to over $300 and higher again.

the problem is not getting there, which is completely possible, because we have already seen it, the problem is remaining on those level, without falling again at the current price

i would except plenty of unsustainable value in the future, if the market decide to move again with big pump

yeah but i have to give him the credit that those faces are pretty close at least to the expression of my face in the last 36 months.

This prediction isn't that cruel.. it still shows a positive trend.

It was a mixture of things. The manipulation is huge simply because a single entity with a powerful wallet can move the market, BUT 1000 would have never been posible without the wallets of hundreds of thousands of people hyping the thing up. So the hype is real. And 1000 is nothing. This is a marketcap that has potential to reach the trillions. 1000 is absolutely nothing if you look at things with perspective. Most people can't do that tho, their minds are always stuck between all time lows and all time highs.

Bitcoin will have failed if we have to wait until 2021 to see $500....I see $500 happening within the next couple of years.

I dunno a slow steady rise to $500 over several years could really give BTC a lot of good views.

ALTHOUGH.. just like every other thing of wealth.. once the market proves BTC is here to stay and it is steadly rising.. the media will go nuts and noobs will pour in again.

2019

BITCOIN has offered a 10% return year over year since 2015!! It's a solid investment... we'll see a boom.

Lack of tunnel vision bias. The 1k ATH will look like a tiny drop in the sea in the next decade or two. This is a hint in how Bitcoinwisdom will look like in the future:

http://fm.cnbc.com/applications/cnbc.com/resources/files/2014/08/12/Berkshire-Hathaway-Class-A-Close_chartbuilder.png

We are in the "stable low price where everyone ignores the elephant in the room for years" phase.
Pick up the easy fruits now or cry later.

Could we rerun history, I would suggest that a bubble of similar magnitude would emerge without either Willy or Marcus. It cannot be argued that the November bubble was entirely natural though, when these bots bought over half a million Bitcoin (or I should say gave the impression of buying).

Btw, if you believe they were solely responsibly, it is worth noting that the number of coins these bots 'bought' in a year is approximately equal to the number that will be sliced from supply next year.  

You see that bump around 1990, that will be 2013 in 2030 ;).

Dan V posted an extremely bearish chart which was similar to the OP prediction. It predicted the price would slowly fall for years and only significantly rise after it had fallen below $100. On the other hand some say he only knows how to draw lines pointing downwards, and I have witnessed his charts getting it completely wrong. Nonetheless, even Dan V sees light at the end of an extremely long tunnel that lasts a few more years.

A lot of people are still holding on to bitcoin, waiting for that big pump.
If it is going to be just stable growth, these people will exit, pulling bitcoin down.

can not understand it.

what might bring the elephant out from the room?

It won't have failed. If bitcoin is still going at these prices in 2021 then it will be a sucess. I think bitcoins value will rise to over 1k again but not anytime soon and we may need to wait at least five years for that.

Indeed. I remember back in the day how all those big ass companies crashed and people said it was over. Well it turns out 20 years later anyone still holding those shares would be multi millionaires by now, but guess what, only a very small % of people go to the end with their investments, that's why naturally you end up with few people being rich. All or nothing with Bitcoin is the only way to go.

Well, I agree sort of.  All or nothing isn't the way to go.  Just like any investment you never want all of your currency in one place, it is just not a good idea.  If it does crash, you are broke, however if you can put what you can afford into Bitcoins it isn't that bad of an idea, if it does balloon like a couple years ago, you are looking at roughly 1,000 per coin profit.  10 coins would be 10,000 dollars, so on and so forth.