Bitcoin Forum

We will hit $500 by end of next week...$1300 by halving....brexit vote on June 23...if Britain leaves the Euro...bitcoin will hit $2000-$3000 by end of 2016.

It looks amazing this current trend in the bitcoin price. A consistent increase after a prolonged stability is a good sign to wait for a potential bullish trend, but I am not so optimistic to talk about $2000 at the end of this year.

A whale trader at Bitstamp got a bit too excited with his buy order I guess. These peaks are quite rare on Bitstamp nowadays. Usually Bitstamp is always following what other exchanges are doing and then start showing some action in the price as result, but not what it did today.

The very same 'whale trader', also fired a 2500 BTC market order into Finex's Ask wall, at 20:12.

Whoever this was, simply wanted 5K BTC, at around this pricepoint.

No one knows what will happen, but your timing is very fast. I don't expect so high prices this year.

Lol you are taking too much steps.
End of june 500 - 550
Brexit 600
End of this year 700

And this project is actually very optimistic.

I don't know if it's the same whale, but if it is, then it can be seen as a good sign as he/she went in at current price levels. It means that the whale is expecting the price go up further than it has been going the last days.

Two 2K+ BTC Market Orders, both executed at 20:12 UTC.

What are the chances?

It is the same whale entity for sure.

It is hard to 2nd guess whale shenanigans when we see them at work on exchanges. Who really fkn knows? I remember on the crash from $500 down to $300, there was 3K BTC Ask Walls going up on both Stamp and Finex, and even huge walls on Kraken...I remember permabulls on this site rejoicing in the Wall Observer thread, but I remember me thinking "oh fuck, this is bad, those walls been put there to be devoured". Of course, one can never *know* for sure, otherwise you would just short, or sell, etc....but on this occassion, true enough, all walls on all exchanges were devoured all at once, within 30 seconds....

So simultaneous 2K Market orders across different exchanges, are signs that whales are active, but what their intentions are, only they know.......That 5K (in total) of BTC won't be expensive BTC if they plan on dumping it $10-$15 further up the charts. Who knows? All I know is that as a trader, when I see big players getting up to monkey antics, I get very nervous.

Let me guess, you were shorting ?

your predictions are nice but i dont think that it will hit 1300 or bypass the mark of the 1000

Why the sudden rise??? I think the price has been steady just long enough to lull everyone to sleep and we should be back in the low 400's after going up a bit more.

Or it could be a legit rise before the halving that we have been waiting for. Who knows...

I think that is a relatively good analysis, however quite optimistic and you're likely overstating the value it is going to have by the end of the year.

It is entirely possible to see $1,000 by the end of 2016 if the value keeps the momentum it currently has, but if it peters out then there is likely little chance of Bitcoin breaking $900 this year.

We [could potentially] hit $500 by end of next week...[maybe even] $1300 by halving....brexit vote on June 23...if Britain leaves the Euro...bitcoin [could conceivably] hit $2000-$3000 by end of 2016.

There. Fixed it for you. I completely agree with my revised version of the OP.

We will hit $500 by end of next week. "agree" We will hit $1300 by halving "not agree" i can't imagined just because halving the price of bitcoin up highly to hit $1000++

I call bullshit on a $2,000-$3000 bitcoin with a brexit. You are talking about 36 Billion dollars on the lower end entering bitcoin in such a short span of time when it is still relatively hard to to purchase and secure coins. Maybe if we had a mainstream financial products that allow you to store and secure coins effectively without technical knowledge but until then I don't see us getting access to that amount of money without mainstream adoption which I dont see us getting until we can provide mainstream financial products to speculate/own coins without having to secure them yourself.

Looking at coinuts index coinbase have the highest rate so far with 462.75 and Huobi CNY follows with 462.68
Okcoin have the lowest so far at 457.74
Looks like its a bright weekend for everybody holding Bitcoins for a long time

It looks very interesting to read your quote, at the same we are not sure of the reality. If this comes true most users here will becomes rich. Lets hope for the best by the coming days.

i doubt it would need 36 billion dollars to get the price to a $2000 level. it would need muuuuuuch less.

Bitcoin is rising again and that is a good thing but I do not think that it will go that fast. We will hit $500 any time soon I am sure of that. But I am not sure that it will hit $1300 and higher.

Yeah Bitcoin is on its way to hit $500 right now, it is going to happen soon I believe that it will hit $500 with in Mei. I hope that it keeps rising and does not make a sudden drop like we have experienced in the past.

The only thing that makes a tiny bit sense is that you say that the price will increase to $500 at the end of next (now this) week. All other things are pure fantasy

Certainly 500 mark seems possible. But I would not even risk to think in the 600. This raise is too similar to the 2-3 last ones. I would keep some money for rebuying lower just in case.

There are so many prediction out there and I am not sure which one to believe....

Here's one predicting the price increase and likely followed by a disaster:

http://forums.prohashing.com/viewtopic.php?f=11&t=782&p=2944#p2944

I am really not sure what effect will Brexit have on bitcoin... I thought Grexit was going to be big but nothing happened...

It's coming folks, get your golden tickets at hand.

China isn't fixed and people are desperate to get their yuan out of the country (by means of BTC) before TSHTF big time.

Remember bitcoins market cap = circa $7bn

Then think of total Chinese savings  = a paltry $27tn (yes trillion)

Then think about if even a small percentage decided to buy bitcoin as a means of evading capital controls or currency devaluation. Now $7bn kind of pales in comparison, doesn't it???




BOOM!



http://www.smh.com.au/business/china/with-28-trillion-in-savings-chinese-are-set-to-change-the-world-20150625-ghy4x1.html

Me neither for the price to be $1300 this years is not going to happen. The price is now rising but I am sure that it is going drop a little this year and be stable for awhile like we have seen in the past.

When most exchanges get the "bitlicense", some pension funds or hedge funds can invest in bitcoin, the price will rise.

If the Wall Street fund managers are allowed to invest in bitcoin in the future, the price will be many times of $465.

It seams that op was incorrect about the price he had predicted as one week prediction, but other parts of the op could show up to be true.
The elections in Britain hold most of the decision that will also be made on vote for brexit, which could in fact show to be true. If and when that
happens, the pressure will be high, and it just may be enough for predicted 1,3k USD by halving date. Im keeping my fingers crossed.

Yeah this can happen easily I guess that the price is going to hit $500 this month or the next month. But hitting $1300 that is not going to happen. I just do not see it happening we are still to far away from it.

Haha, I hope you're right. But still... There could be a huge pump @ halving. Who knows?

IMO bitcoin is still undervalued currently. Fiat is just way too overvalued right now, especially in the case of USD. I'm pretty sure it'll self correct soon.

1300 by halving for the next week would be to much i think. He barely get up from 400 till 500 in weeks you're
thinking to much keep your self to the reality please.

i really love how bitcoin has been rising these past few months, the overall is only rise and also the rise is consistent and slow. from time to time there is a drama that causes the rise to stop or backtrack a little bit but it can no longer push price down for long, and bitcoin is soon back on track.

As you can see now you see that the value is rising slowly and that is perfect for the currency because than more people can also more profit with it.
And maybe if they are waiting a longer time that they can also earn more money with it and that would be perfect.

The price will increase to $500 by some time in July. The big whales are still accumulating at the moment.

I like your explanation about your question, but in my opinion, it is difficult to tell you what will be the price, when bitcoin will hit in the end of 2016, you know most of the people have a lot of hope about bitcoins, because one main thing in this year halving is coming, so it is the main reason of changing the price of bitcoin.

Price look promising but i don`t think it is nearly high enough as most of us have been waiting for long time. We are getting closer to halving and we should break 500 soon and go up even higher. I know it won`t be easy but this would be best bot for Bitcoin and us as investor. I personally see everything below 500 as an investment oppurtunity. I hope time will prove me right soon.

soon bitcoin price will be $ 500, well this is a good time to buy a lot of bitcoin. but at the moment I do not have money, so I'm just going to collect  :)

I hope it qucikly hit 500$

The end user will only benefit if the price stays stable and more shops adopt bitcoin. The speculation on the price is only interesting for traders, which in fact are the core behind bitcoin.
Something which should change fast if we want it to succeed.

Wow this is a nice amount, I think it will hit the amount of 500 dollar very soon, there is a very good chance that it hits the 500 dollar next month.
If everything will goes well there is a good chance, hopefully it will.

I love the fact that we are so close to the 500 dollar there is a good chance we gonna hit it soon.
This month will be a very good month for us all in my opinion this is a very nice sign if you ask me.

I do not think the bitcoin price will reach $500 in May. It is possible only in late June or Middle July.

I feel like the prices are being suppressed and should be higher for pre-halving..

Prices halting due to that alt coin ETH and value of that coin making more money invest into that cause they see a way to cash out.

The bitcoin is around the number right now, I think its a nice number at that it will soon even hit the amount of 500 dollar.

This price was reached on Dec 2015 only that after slight fall already regained and it seems that will reach $500 price not seen since August 2014.

I am of the opinion that most Bitcoin holders are indeed buying and promoting Bitcoin for financial gain. So the more the price rises, the better it is for the end user of the bitcoins to take the advantages.

The thing is once they've had that gain they're aiming most would then cash out - and without the market buffer to break the fall the price they're so eager to watch rising would then spiral its way down. Then accumulation again. It's a cycle that everyone wants to profit in.

IMO it still looks stable at ~$440-450, so I think not much spikes till June.  :)

If there is no other news to drive the price higher, the price of bitcoin will just rise slowly to $500.

How can you say that gentlemen? I will be very thankful to you if you provide us your detailed analysis.

Do you want detailed analysis? Even if you have proper mathematical modelling, it is not very accurate.

When you do the valuation, if you include the human mood, then it will very unpredictable, we will have human errors.

what are you even talking about? the price is growing up and the price will surely go significantly up

Price only goes up or down. Why so much questions  ???

I think the price will go up and up until august then a big dump after that.  ;D

You can see that the price of Bitcoin is going to be much higher now and that is really nice for people who already have Bitcoin because they want to earn profit soon.
But it will be really hard to know what is going to happen in the future with the value itself and that is the problem and also risky.

i think you are living on a other planet because we already reached the 600 each you dumbass so i dont think he just hit the 465 he reached already the 465 do yuou need to say then.

You can already see that the value of Bitcoin is becoming more worth and that is perfect for the people who already have Bitcoin because they can earn profit soon.
And they just have now to sell it on the right moment so they can earn it and that should be perfect.

If you have bought bitcoin in the past when price was lower then I think this is the best time to sell your coins and grab huge profits as price is too good now.

Right now is a great time to secure some profits, that's right, but I think people will hold their coins for a longer while as they don't think the price rise is over yet.

Even though the price is dropping from $725 to $675 now, I think it will rise again. So I will not sell my coins.

It's more than likely going to go back up, chances are there is a correction happening right now so the market can determine what it wants the buywall to be. This dump is also somewhat expected because we're hitting some of the values that people were buying at after 2013 and they might be cashing out and getting their money back that has been sitting in Bitcoin for a few years.
Even though the price is dropping from $725 to $675 now, I think it will rise again. So I will not sell my coins.

Edit: Fucked up formatting

Yeah price has dropped down today so I don't think this is the right time to sell, in fact I would prefer to hold my coins for next couple of days and will sell when I see higher price.

The price rose to 750 today. That was the price I expect after the halving. The price is rising too fast.

The price is $620 now. The price dropped 10% again today. Is there a big bad news to drive the price down?

The only news I heard is that the SegWit is going to be implemented soon. but why should that be bad news?

Don't worry, there is no bad news. It's just the usual market volatility. The price goes down $20-$40 and then it goes up $20-$40 again. It happened many times already. It's an easy way to make profit for traders.

Personally speaking, the only reason SegWit is bad news for some people is because they simply don't want it. I haven't found any issues in my research with what it is trying to implement, however at the same time the procedure of how they are implementing it or some issues with the people developing it might have struck a wrong cord with some people. I don't know.

Exactly its the best way to make profits, and price being stable now but I am not at all worried about it as I am sure that price will go higher at the time of halving.

Even if the rice does not go higher just after the halving, the price will be higher gradually after the halving.

That is right. I am a believer of bitcoin. If the bitcoin is not destroyed by the developers, it will prosper.

I wil also hold my bitcoin for the long term. The price will rise again and again if there is good development of the bitcoin.

Holding is good but not for a long time, better to sell when you are making some profits from it as you can again buy in future when price drops.

I think it's perfectly fine to hold for at least 1 to 5 years. If you believe in the potential the price will not go down in 4/5 years.
In fact it will only get up. To which level is hard to predict however.

It depends on an individual, if he is full time on bitcoin and that is the only source of income then he will sell when price goes higher to earn profits, rest will hold it for long term for sure.

i think most of the people will be holding their bitcoins because many know that bitcoin price is going to grow really fast because of the incoming block reward halving

we reached the 465 price a long time ago and we are definitely not coming down right now, i think we have a lot of chances of reaching a new all time high pretty soon we just need to wait

The all time high price was around $1200. I think after halving, we might reach that price in 12 months time.

I think the $1200 could be reached in 6 to 9 months. We have the halving and also the block size increase.

The price is $650 now. I think the implementation of the SegWit could double the price to $1300 at least.

Things have changed a lot since the $ 465. I hope the bitcoin evolve in terms of adoption.

thats true, the price is much higher at the moment and it does not show any signs of falling any time soon, i hope that it will make me some good money in the future but anything might happen

yeah, the price is much higher right now, i think that it is definitely a great thing because it shows that the price still has a lot of power to go up a lot as people are buying

The price is a lot higher and let's hope it stays there. Although if we see a dump, I don't see it going down lower then 500 dollar.
So we are safely away from 465 dollar.

it will surely do,we have to move forward right?
Bitcoin isn't something safe,it is not also stable,we may see big moves of price value,
at the end of 2016,at least that is what i predict.

i think that the price will surely stay in much higher prices and hopefully rise even more in the future thus allowing us all to make some money out of it, i hope well reach the new all time high

The new all time high could be reached some time next year. If it is reached this year, it is too fast, not good.

to be honest i doubt that we will have to wait for the next year because the price is going to increase really fast right now in my opinion as people will buy fast after the halving

If the price of bitcoin rise to $1200 or higher by this time next year, it is ideal. That will correspond to usage.

It is better for the bitcoin not to be too high. If there is a bubble, the price might rise, but it will drop a lot.

I remember the big bubble in November 2013, that caused two years of bear market, and bad for bitcoin.

yes bitcoin rise up its price too much faster to 1300$ in the end of 2016 and i thing bitcoin will hit its price to $2000 to $3000 in the end of 2017 .

It is quite difficult for the bitcoin price to rise to $1300 by the end of the year. We need very good news.

That is right. I think it is possible for the bitcoin price to rise to $1300 by the end of 2017 with adoption.

I don't know about the exact numbers but what I know is that Bitcoin price is rising because the demand is rising. And the demand is rising because there were a lot of press coverage do to halving lately and hence more people have become interested in Bitcoin. So maybe you are even right on that numbers.

That is right. When the bitcoin user number double from now, the price will rise 400%. That could be in 2 years.

If there is continuous development of the bitcoin, the price of the bitcoin will rise according to adoption.

Yes users are increasing and it will continue to increase in future too, and more users will lead to higher price of bitcoin in future and if big companies get into bitcoin then it will be an added advantage.

If the price of bitcoins rises too quickly, people will not want to buy it because there is the fear of a price crash.

It is better for the price to rise slowly to give people time to adjust to price changes.

I think we never know how many total bitcoin user because we never can calculate it from data even we know the demand has increased it just speculation.

We can estimate the number of users from the daily transactions and the social media penetration of the bitcoin.

Honestly you can calculate how much user of bitcoin are.. Bitcoin user are too many there is no tools that you can calculate users..
Maybe only the transaction you can calculate but the number of users are not..

it was estimated around 3M, you don't need to know it at 100%, just to have an idea, the price also reflec the numbers of users, if the value remain there the users base is not growing

meaningless swings does not count, you still need new influx of money to increase realistically the value for the long term, without a p&d

I do not think there are over 3 million active users. Maybe there are only 0.2 million active users at present.

of course there are not, people are still not adopting fast enough and i think that we will need to wait way longer, though in like a few decades it will become huge hopefully