Bitcoin Forum

See here : http://cointelegraph.com/news/115935/expect-bitcoin-price-to-reach-us1200-or-more-next-year-experts-say and tell me what do you think about what those "experts" said .


Erik Voorhees, CEO Shapeshift :



Bobby Lee, CEO BTCC:

Jeff Berwick, chief editor of The Dollar Vigilante:


Andreas Antonopoulos, Bitcoin expert, speaker, entrepreneur:




Vishal Gupta, CEO SearchTrade:

Time to stock up everyone  ;D ;D ;D It's gonna be one hell of a ride.

Although frankly, let's not expect too much shall we? The higher you fly the harder you fall.

Yeah that time is now arrived to take fastest ride over there no doubt now it growing more strong i am also pretty sure next year price will hit the all time highest level around $2000 so hold them tight to enjoy the great future. ;)

The next ath will smash through the last one, it's only a matter of when at this stage ....
And I think the when ain't too far away
Chuu Chuu motherfuckers....  ;D

Oh look big name businessy guys in suits and ties said stuff so you ought to listen. Our decentralized system has authority figures now. Included in this list of auhtorities is Bobby Lee, the owner of the dubious Chinese exchange that pumped and crashed bitcoin in 2013, and he said something to try to pump the price every month in 2014.

Suits can give their opinion, thats about all they can give
Nobody has to listen to them if they don't want to but I think they're right this  time.... We are going moonwards.... :)

I'd obviously love more coins but I'm mildly happy with my cold storage stash. I'm buckled up & ready for the ride.
If you haven't got a ticket to this train gentlemen it's time to buy now or cry later.

I agree that it's probably going up next year. I just don't understand why these people's opinions are so important, especially not Bobby Lee.

I also have the feeling that we will reach a new ATH in 2016. I am however not convinced that the price will stay above the $1000 price level. There will be huge dumps that will heavily put the price under pressure. We might even see price swings of +$100 several times a day when we reach +$1000 after the block halving. There will be a lot money to be made.

The price could rise to $1200, that is mainly due to the adoption of bitcoin and also the halving. Halving will have less effect in the future.

so everyone is advocating 2k as the next price, i'm also incline to agree on this, we won't reach 1200, i doubt we can match exactly the last ath, so it's more likely that we will surpass it

I expected lower prices for next year between 600 to 800 dollars, but i will hold my bitcoins to see if i am wrong and it reach the 2k dollars. I will be very happy if i am wrong in my prediction and prices are higher.

That ''dubious Chinese exchange'' is responsible for youre $1500 profit.... ore do i need to ask; pics ore it didn't happen?

You're ungrateful ore just a major liar!

They are seems to be quite optimistic. They can be right but I think that will happen around the end of next year unless something unexpected. Of course I can't rule out some big pumps around the halving but I doubt that those highs will last long. BTW a slower more organic growth would be better in the long run.

looking forward for these optimistic speculation for the next year i hope this is will really happen and speculation will come true the bitcoin price will be above $1000 i will be glad be a witness of these events

Did you notice how wrong all those important people have been through 2014-2015? They kept telling everyone to buy, buy, buy. This is a bad sign, folks. When they say buy, you should sell.

Yes you seem to be quite right with your point. The one who we call expert are the one who try to manipulate and make profit out of it. Although market seems to have lots of potential on next year if those expert try to manipulate market than they can, market can go both way.

It seems pretty clear that they don't have an unbiased view.  However, that doesn't mean you should do the opposite of what they say - by definition, those with a vested interest will never predict gloom and doom.  Rather, don't depend on them being right; at some point they may be right.

Same applies to all the bears and FUDers on here.  They may be right, but they will never tell you the market will go up.  So basically their opinion is almost worthless.

I really didn't expect them to "expect" this kind of very high prices.
My biggest guess was like $700 something.

Almost worthless is being generous, you're giving them far too much credit lol
Anyone who crys bitcoin is doomed  to crash while hanging out on a bitcoin forum is a obviously got their own agenda, if it were really worthless, they would sell and move on...... Yet they hang on encouraging others to sell..... Wonder why?... ;)
Only the weakest of hands would dump at a time like this when they're is so much potential for rapid growth around the corner... :D

With bitcoin, you should always expect the unexpected.

Experts in bitcoin can predict btc price no more accurately than experts in precious metals, stocks, and bonds can predict the price of their assets.  No one has a crystal ball, and experts who predict prices are often wrong and often have a vested interest in their prediction. 

Look at Peter Schiff, who's been predicting $5000 gold for years, and he's one of many in that field.  Wall Street analysts get stock estimates wrong all the time.  So these ones that OP listed?  I have no faith in them. 

Yes, bitcoin certainly could go to $1200 in 2016.  FFS, bitcoin has almost been there already in 2013.  But bitcoin defies analysis, because it doesn't have the traditional characteristics of a financial asset (other than currency). 

Good point. Bitcoin will surprise it's every investors in up coming month. The chances for testing big prices beyond $1200 marks are highly possible before halving itself. But many people are planning to sell around $1000. Regretting later is the only consequence, they are going to face if they sell at $1000 price levels.

I am not so optimistic, but I will be very happy if bitcoin touches the psychological level of $1000, because in my opinion it would be better a gradual and stable raise in the price than the volatile pumps usually unreserved in altcoins.

I don't get what you are saying. I need to be grateful to Bobby Lee because somehow BTCChina is responsible for me making a profitable daytrade on a different exchange? What would that even have to do my comment?

Should we all be grateful to Bobby Lee for causing market volatility? Even if that were true, what does this have to do with the success of Bitcoin, and how does it make Bobby Lee a credible source?

There were many predictions saying that the bitcoin price might go above $2,000 by the end of next year.
I expect it to reach 1,200 on mid-2016.

Halving and bigger block size will help the bitcoin price to rise, maybe to $1500 or higher.

there is no doubt in my mind bitcoin will hit ATH in 2016, everything considered
also certain alts that are wildly underpriced will do even better in percentage terms, and hit ATH also

One of the such altcoin is Ethereum. The price has consolidated for 3 months now. This year, there will several new releases of the software.

Bitcoin can definitely reach those values even sooner (it already did in the past even if it was a bubble). However we have to be worried about the impending doom of obsolescence and lack of demand. What's Bitcoin usage other than an commodity? It won't survive 5 more years if it doesn't find a niche and become a standard method of payment/transaction.

There are more and more applications of bitcoin recently apart from drug related business. So I think the demand for bitcoin will increase.

On the off chance that we do hit an ATH this year, I think it's going to be pretty short lived.  The last bubble got a ton of media attention, and the casual investors that bought in at a high amount are going to be looking to unload like there's no tomorrow.  Steady growth up to maybe the 800 range is possible, maybe a bubble that takes it there and back down, or a plummet back to sub-300 (most likely more than one of those), but I don't think a ATH is in our future soon.

would be glad if that the case, i would purchase some more when i see a sure positive sign , i dont like the volatile nature , its good for traders , but not good to see when i am holding it.

This could be true but what if the price doesn't go down?
It will get more and more expensive to buy, even if you are holding

If it increase and not going down anymore that is fine with me I can just earn bitcoin with it.
Buying is a problem when is high but you can always make a profit if you are good with trading.

When you are starting to see some positive signs it means the price is already rising. If you buy when there isn't any good news or good signals, then you have a lot potential profit that you can catch. You should have bought when the price was still below $400. But still, it's not too late to buy yet.

I think $400 is still a good price if there is no hard fork to split the bitcoin community in the near future.

If we see carefully all the main post will read some quoted comments which gave amounts regarding the price of bitcoin in the future and only one who tell a monumental expression. Which show the big gap which exist between this big personage of world of bitcoin and the others which are only merchants of it. This expression is told by Andreas Antonopoulos and I like to bring his words here again: “I don't do price speculation. It's astrology for markets and I think it is irresponsible for media companies to do this.” Cannot be given more concise and correct expression about everything has to do with all the possible predictions about the future price for bitcoin. Cannot be added even only one more word. Cannot be removed nothing. And even have not need to be commented more. So, this is what will be even me. Will close this post here without telling nothing else. Everything is told in his comment.

I would be extremely reluctant to accept any positive speculations about bitcoin's price. All I see right now is confusion of people after Haern's post and retreat of companies which accepted bitcoin before.
How exactly is that good base to build speculation of bitcoin reaching $1.200? I don't know. It would be awesome if bitcoin reached $500 and stayed that way.

Yes this is a delicate period and we'll see how Bitcoin "survive" in the next upcoming weeks/months. I thought we were already past it when we bounced back to $425 but now it's looking ugly again. We are a statement away of a true crisis with the potential to go sub $300. If Bitcoin manage to recover I don't have any doubt in my mind that it will close out the year at $500-600 and therefore continue its yearly value rise.

You are talking about December 2013.

Most of the ppl who bought at the top already sold.
If they waited until now they will wait until new ath.

If these people waited until now, they are believers of bitcoin. They may not sell until the price is $ 1 million or they have to.

I hope that's really going to happen. But there have to hope but.
We did it because not in control, so it's very unpredictable. But when it happens to make so many people happy.

How interesting that the guys who have been in the game for a long time share the same opinion with me. I too predict around $2000, occurring some time during the summer of 2016.

Here I share the logic behind my crystal balls inner workings: https://bitcointalk.org/index.php?topic=994411.0

I think we can expect that, it will take some time but it will be at that price.
Maybe it will be even higher its of course not predictable.
I think the price will be higher next year something around the 2000$ range.

In the Sumer, the price might reach $1200. In the Winter, the price could be over $3000 or more.

These numbers are quite realistic, I would expect a new ATH well before the end of the year..... Hard to predict the exact date but there will surely be less coins lying around  in exchanges after the halving and mining costs go up....

It is possible for the price to reach $1200 this year but that means that the price really has to rise again this year. It is going to depend on what is going to happen with the price after the halving.
If the price is going to be stable for a long time again I do not think that it is going to be possible.

Seeing the price remain relatively stable after the block halving isn't the problem. The problem is the possibly massive dump that we will have once the block halving has taken place. Much depends on that if we want to see the price come close to $1000 this year. If the dump stays away, then we can slowly move up to a 4 figure price.

I agree with you. If a massive dump will happen just after halving with the current price, I think it can go down to the value of 200$ each so we need btc to go up this upcoming halving. There's many sellers now compared to the other rally that has happened way back 2013 so the dumping power is more powerful than the dumping power the 2013 rally had. We need to prepare ourselves for that so let's watch and see what will happen hope that it don't drop below 400$ after a massive dump.

Youre looking at this the wrong way, those who dump can only do it once
Then they WON'T BE ABLE TO AFFORD TO BUY BACK IN
Then after they have dumped and their coins have been swallowed by people who can afford them  the reduced supply of btc on the exchanges and increased demand will push btc up to where it should naturally be
Even if demand stayed the exact same the price would HAVE to rise because mining will only be half as profitable as it is now and demand for btc is only increasing around the world as people realize they can't trust their govts and banks not to devalue their currency to worthless levels.....

It may take a few months to take effect but eventually a shortage of coins will take effect on the markets and even more so after 2020, where only the wealthy will be able to own bitcoins....

bitcoin is not controled by anything at the moment, to be honest nearly anything might happen to the bitcoin and to its price, i guess we just have to wait and see what will happen

i think it will be surely possible to reach such heights in the near future for bitcoin because in my opinion it is the currency that will be the most popular all the time over the whole world

That is right. So I think the price of the bitcoin can rise freely. It depends on the general public adoption.

I think the price could be $1000 by the end of this year. So it is possible for the price to be $1200 some time next year.

i think you might be right with these predictions because the bitcoin price seem to have a lot of potential to grow in the near future, in my opinion we might reach a new all time high

Its is possible for the price to reach that value on a year we are not close to it so it would not surprise me if we would hit it next year.
I cannot wait for the price to be in the thousand because I am waiting for a long time.

I don't see it happening too. The price at this moment needs to make too much of an increase to get there, in short it has to double.
Sure it happened before, but without a halving there is not enough to reach such an amount.

I think it is difficult for the price to be over $1200 this year. But it is not problem for that price in 12 to 18 months.

It is possible for the price to reach $1200 next year so if that happens I am going to sell some coins if possible.
But we have to wait out and see what happen because the thing with Bitcoin is that you never know what is going to happen in the future.

I will just use some of my coins when the price reach $1200. I will still hold most of the coins for the long term.

I want the price to be that high because I would like to sell for that amount of money to make a profit.
The value has not reach $1000 for a long time right now and I think that it is time again for that to happen.

When the price of bitcoin reaches $1200 next year, it will not be a price bubble, so there is no need to sell.

As long as the bitcoin is lower than $1500 by the end of the next year, there is no bubble, it is normal price.

I think the gradual adoption of the bitcoin by the general public should support the price of 1500 next year.

yes there is no doubt about this. i am 100% sure that the price of bitcoin will easily cross 1200USD level even at the end of this year. as some people were worried about that after or just before halving the price of bitcoin will drop because most of the bitcoin holder will try to sell their bitcoin for booking profit, but we can see that the result is totally opposite. most of the people are still holding their bitcoin for the price increase, they are not ready to sell their bitcoin because every one is sure that the price of bitcoin will rise to high. my personal experience says that the currency stability of bitcoin is very goof in favour of bitcoin  and after that bitcoin is going to cross the all time high level, i am expecting that bitcoin will cross the 1200 USD level at the end of 2016 and may be reach to 1500USD at the mid of 2017, so i think it is still good time to buy bitcoin for a good profit, but you have to be patient and wait for the time when you will see the price above 1200 $ very soon.

I am pretty sure that bitcoin could achieve higher prices in the future. in 2017 I predicted that bitcoin could be above 1000 USD. in that bitcoin is already very well known and widely used by various groups in the world.

i am not expecting but i am sure that the price of bitcoin is going to cross 1200 USD dollar at the end of this year just in the start of next year, because the price remain hanged in 650 to 680 for a long time and hope that now it will boost up and will cross 1000 in next a month or two and after that hope that the price will cross the all the high level very easily.

That could happen. I think the bitcoin price will be around $700 in October or November. It will rise again later.

With Kim Dot Coms new BitCache we personally believe that BITCOIN will reach All Time Highs! Think about it logically for a second there are only
21 Million Bitcoins that will ever be created and according to the Website Below there are less than 16 Million Bitcoins in Existance at the present moment.

from our estimates looking at the amount of accounts created at Coinbase, Blockchain.info and Bitcoin Addresses Created in General if only 10 Million people
decided they would like to have 100,000,000, Satoshi which equals 1 BITCOIN we would have quite the price hike.

http://bitcoinwatch.com

Kim Dot Com has a user base of over 150 Million People. He only needs to have 1/10 of those people to starts earning BitCache to start moving millions of satoshi
too millions of people worldwide.

We would see Bitcoin at much higher levels if this were to happen.

The More we Spread Bitcoin the more valuable it will become.

Scarcity + Demand increase value substantially.

i had this fantasy when the halving took place but the price doesn't seems to follow what we predict...
anyway this will not make me pessimistic about the price moves, it will increases and we will reach 1kBTC one day

Reaching $1000 is not the problem as I am sure it will happen at some point in the future. However, this may take several years in order to achieve $1000 prices. So far every high price level that we have reached was not being supported as people didn't have trust in that specific price. And then you go down. Add the fact that Bitfinex is making things a bit worse, then you get exactly the same situation as we are sitting in right now.

Bitcoin definitely has an potential to touch that price day but we don't know whether it will take some  more months or years to achieve that milestone of $1k.

though it would be better to hold more then, in my opinion the price will have way more potential then to grow so you would make even more profit

Seeing back, when halving has passed and those forecasts failed to predict the bitcoin price despite the supposed knowledge of those experts, it is clear that predicting the future price of bitcoin has become harder every day, but I agree with those conservative forecast that predict a realistic price in the long run around ~$1300, being optimistic.

Lol, never fails, OP.

Just like 50 Bitcoin Experts Reveal (Guess) What Bitcoin Will Be Trading At Within The Next 12 Months (published February 25, 2014) (https://foundersgrid.com/bitcoin-price/)

Enjoy :)

No it's highly unlikely,  but this forum, like the world of bitcoin users in general,  is full of dreamers.   I don't know if that's a bad thing or not, but it seems to me that we ought to be realistic about this.  The halving brought us close to $700, and we've dropped significantly since then.  $1200 and above is a long ways away.  And those predictions quoted by OP were worthless like a lot of predictions turn out to be.

I have my money in bitcoin and I am inviting all of my friends and relatives to bitcoin and with that I am sure the concept of bitcoin will spread all over the world and I hope we will see a more higher value in the coming year, with my efforts for bitcoin I am pretty sure that the price of bitcoin will reach to $1200 sooner.

thats true, i think that holding a lot of bitcoins is really great right now

Here's a simple reason why it will never reach $1,200 ever again: most hodl'ers will dump when the price reaches $1,000, for fear, well-founded, that it will CRASH back down to $120.

Plus, there's no more willy bot or the Chinese buying in droves like they did before. The pre-halving rise this past June showed the limit is under $800, not over $1,000. The age of innocence is over for bitcoin, we've entered the middle phase, a mature phase if you will. No more x10, or x100 rise in one year. We are only going to 10%, 20% rises. If you're still waiting for $1200 bitcoins, you are waiting for Mr. Godot.

I doubt if we are in the such a mature phase already. Bitcoin has only been around a few years and hardly a lot of people know anything about it. Clearly, it is still in its early stages of existence and there is still so much potential for it to grow, in terms of mass adoption as currency and as an investment. There's nothing in waiting for the price to reach over $1200. It's been done before, there's no reason why it can't happen again.

there is still a lot of manipulation going on with bitcoin and on these big exchanges. why do you think bitfinex came back from the 120KBTC loss?
it may not be as fast as mtgox because there are more exchanges today but it is still possible to see a pump that huge and even in case of a $1000+ rise there will be a dump but only in your dreams price crashes to $120.