Bitcoin Forum

Everyone that sold under $500 forgot the halving just happened. They're in for some regret these coming months of a halved production rate. So far, it seems the worst-case scenario of a cascading hashrate reduction, fueled by blocks taking longer and longer to mine (because of slow difficulty adjustment) did not and will not happen. I ran the numbers through my arbitrary-line-drawer and totes-legit-math-machine. And it told me to expect bitcoin's price to be above $1200 July 13th 2017.

Be ready. Use cold storage. Stay away from HYIPs.

Good luck, everyone!

Too late... need to be rich NOW. Not a year from NOW, motherf*ker

I think that will happen in 12 to 15 months for a new all time high.  However, it relies on the mass adoption.

Why not first let the price reach the $1000 barrier again, or at least $900 before speculating about a new ATH? It will already be a great achievement if we somehow manage to hit $900-$1000 next year.

ATH was $1,100 way back Nov of 2013. We need to see more projects that will require people to buy Bitcoin so that price of Bitcoin will increase to an ATH. What I noticed is Bitcoins is used by the same group of people and if there are new comers, they earn and convert to Fiat, we need someone who will use it, keep it, trade with it.

The current growth is strong and also support below 500$ on massive dump after recent hack is even more stronger than anyone has thought. So may be we will acheive new ATH or may be price will be around 1000$ by next year for sure.

nah, we don't need things that get hyped up in order to get the price to increase. hypes never last long in the world of bitcoin. it means that the price will go down again, ans thus all efforts to make the price go up will go to waste. i am more interested in genuine demand coming from people actually using and buying bitcoin as you also mentioned.

Things that get hyped up so badly that there were two ATH's in 2013. That's why the bear market afterwards lasted so long. If things get hyped up that badly again we might see another two ATH's in one year but years of bear market afterwards. I'm happy if we get one ATH in 2017 due to reduced supply from the halving. I think it will happen in 2017 without any need for hype.

If the bitcoin price rises to $1200 or even $1500 in July 2017, that will not be a big bubble. It is normal price appreciation.

I guess you may be right here. The fact that hash rate only had 1 small dip before returning to previous levels is a good indicactor that miners are not going anywhere.. In addition, the new generation miners is around the corner, making the mining more efficient thus more profitable, which is a good indication that the hash rate is not going to drop in the future.

I think July 2017 is even a bit too far away for a new ATH. I expect to see something like 2013, where we get a good rally by the end of the year. The fundementals are ok now, and the new supply is diminishing. Also, the over selling as a result from the bitfinex hack is corrected and we are stable again.

I think so.  I reckon the bitcoin price could reach $2000 by the end of the 2017 if there is no negative news.

Care to elaborate on the bolded part? What makes you find that the fundamentals are ok right now?

Have they been any different in the way that they are less or better according to you?

The price seems to be holding in a narrow range. The good news is that there is some stability right now. With some increase in demand, the price will just keep rising.

Market cap is a better indicator of growth than price. We should be looking to reach an all time high in market cap (around 14 billion back in 2013) rather than price.

people only care about price as that affects them directly. market cap don't mean much anyway. a couple of minutes action can knock a few billion off it. did billions change hands? that's a no.

Funny you should mention that. I've been taking the price and organizing the information, to present as a prelude to my pet project "buy $10 of bitcoin every newyear's day and hold in cold storage for 4 years". Anyways, The price seems to be higher by the end of the year, on average (2012-2015 bitstamp). Even excluding 2013 from the equation... December and November are the worst time to buy, the best being February to May (on average, using the daily closing price in bitstamp, according to coindesk). I know I'm doing a very simplistic analysis, but I can't help but feel it points to Bitcoin's inherent deflationary nature. Even though we see harsh crashes from peaks... the floor's always moving up. It's amazing! ^{If you didn't happen to buy at/near a big peak.}

I don't think the price will be above $1000, that's still almost doubling in price.
Maybe if another big online retail site starts accepting BTC payment we would have a huge jump,
otherwise I think it will be a slow steady rise with a dip every time some exchange gets hacked or some other such nonsense.

no retailer adopting it has ever had the slightest effect on price as far as I can tell. at best it's a neutral event. there's no incentive for the average consumer to use bitcoin unless they discount like crazy and there's no incentive for the retailer to do that.

it will definitely be sooner than next July, for many many reasons but sure look here, kim dot com wants to make bitcoin explode presumably by working it into file sharing
https://bitcointalk.org/index.php?topic=1576150.0

Yeah, I was really hyped about this project. But I guess he just said that BTC will reach $2000 mainly to self promote his idea and receive support and recognition of crypto community.
I thought about it an there is little chance that his Bitshare will spike up price that high, it is not that game breaking invention. But I think $1000 is perfectly possible.

Or let the price settle above $600 for a while at least.  I think baby steps or at least a slow, upward treend would be just fine.  And I am a-hoping to buy more and get at least one bitcoin before I just sit on what I have and hodl.  I believe in bitcoin, but I have a very hard time committing to invest even $1000 in it.  It's just too topsy-turvy for me.

But what happens if it does not happen? Then we are back here again predicting that it will surpass ATH in 2018. It is better to predict with plausible supporting fundamental theories and some technical analysis.

Pushing the ATH back a bit like what's happening right now isn't a terrible idea, and estimating that the ATH will show up sooner rather than later is somewhat good for the mind, as it gives a sense of hope. While it's quite likely that the ATH will be broken and replaced by 2020 (the next halving), anything sooner than that is gladly accepted as a prediction, although it should be treated with skepticism.

this is indeed a good time to invest in bitcoin, buying bitcoin now means you bought it cheap as i have been saying for the whole last year: we are still seeing cheap coins although it is late to gain the maximum profit out of bitcoin now, but there is till hope to buy in dips like the recent big dip back to $520 and for a moment $480.

buying now, keep for half, and trade in another you have to make profit. i think its best way to make its grow while we wait for the good rate in $600. i hope it will up to $600 in august-oktober.

Yes there is no guarantee for sure but this is just a speculation and we all here want bitcoin to be more valuable and have more price. Bitcoin marketcap still have lots of space to grow so for sure bitcoin price can grow over time.

definitely possible and i think it will happen, i hope that the price will reach at least 2000 dollars

when they predicted the increase to $500+ last time, they were right, we did increase from $250 to $500 with a great pump, so it's not so unrealistic to think that another pump from $600 to 1k is so unbelievable to happen

@OP: Your prediction is pretty much what I expect, too.

The reduced supply because of the halving is a long-term factor, that can drive the next bull market to higher levels, but won't have a direct effect now that the sentiment is slightly bearish.

The rest of the year, I'm expecting a sideways/bearish situation like we have seen in most of 2015, but on a higher level, not falling again below $400. When confidence has built up again on the 500-600 level, which I expect to be around the end of the year, then we can expect a new attack on the 700 mark. And then it's question to wait for the hordes of greedy investors to return and a new ATH is within sight.

My prediction for 2017: New ATH of $1800-1900, and at the end of the year the price will be about 1000-1300.

the rise from $250 to $500 was not from a great pump instead it was an excruciating slow rise from $220 to 250 that took a very long time with a stable price then rise to $330 and as you remember the $380-$420 was the longest period with a lot of FUD that price went up and down then it rise up from that level to $780 and this last one was a pump not the early rises.

That is true. I expect BTC to stay below $600 for a while longer. Even longer than what everybody else thinks. Most of the speculations here expect another pump before the end of the year but I think it will stay below $600 until the end of the year or more. So expect to see bearish threads coming from anxious people.

I think every now and then we are hoping for bitcoin price to cross on $1000. First everyone hoping it will cross at halving, then people saying it will cross 1000 by year end and now hoping for this to happen in first quarter next year.
I think current stable price of 600$ is also good for long term.

the current price is good especially since it is an stable price, but the slow rise has always been a thing in bitcoin for a long time. and things will not stay stable forever.
also i should add that all those speculations about the time of the rise was only predictions mostly based on the last halving and the big rise by that year (which did not happen on the day of halving but after a couple of months)

And meanwhile price is still under $600 for the third week in a row.
Little jumps, little dumps, but price lost 10% from the $660 of July and down from a $785 in June.

Today, the bitcoin price dropped to $560. There is no hope for the price to rise soon. I expect it to drop to 540 or lower.

This is true.But don't forget the heavy dump occured due to lot's of fear and emotion created by the BitFinex desaster.At that time the price was around $600.
Due to that hack it will take some time to recover.Have a bit of patience.

it is bound to happen next year, bitcoin was low for a really long time right now and we need just an easy pump to push the price significantly up

This is one of the very few realistic and on point posts here. I also expect the price to fall down a bit lower from current levels. So far the price moved in the exact range that I expected. If the price happens to dive under the $550 level, then I expect the price to go down to $520-$530 levels.

I think the price of bitcoin will be stable around the $550 level for some time. When the summer finishes, the price will rise.

Price is at $575 at a moment but I think it can fall in next few days, and if it goes to $550 level then I think that would be nice price to buy some bitcoins.

I am not so big on buying at above $500, when it was $300 I was 99% sure it would rise, at $500 I am 75% sure.
I am positioned now, and don't really want to average up, but if there is a ATH anytime soon, I will be very happy!

The whole point is that you get happy with the number of coins that you have. You don't have to force yourself to buy some coins at each and every level. Once you're happy, your task is completed. :) Keep saving your money for when the price happens to crash again. Then you'll get much more bang for your money.

and even though it is at 600 at the moment im still 100 per cent sure that it is going to grow in the upcoming months, the price is just too low at the moment

honestly, i don't find the price to be low at all. just look at what happened with bitfinex. it was a very bitter pill to swallow for people. it needs time for people/the market to get over it. just out of curiosity, what gives you the impression that the current price is "too low"?

We'll see an ATH during 2017, I dont know how much it will take, maybe around summer is good. IT seems during those months pumps tend to happen.

I think it's still very reasonable, if we don't have anymore Bitfinex-type incidents..

One good bull run is what it will take to reach an ATH. There was a lot of momentum built during the halving.
Post the halving and the Bitfinex hack, we seem to be stuck in a rut. But we will get out of it.  :)

The momentum was damaged with the bitfinex hack but not destroyed. The uptrend is still clear and all those dips are is opportunities to buy lower.

I do not think the all time high can be reached in July 2017. The investors are more interested in altcoins. The funds will be diverted from bitcoin.

Anything can happen between now and July of next year. But as of right now with the price ranging at mid $500, I doubt if we can see the price reach an all time high by that time. If anything, the price could only reach as high as $900 by the end of the year, and I am being optimistic at that. Anywhere between $900 and $1100 would be a good enough figure for me by the end of 2017.

Price is low only because of the exchange hack scandal. If that would not have happened, we might not be talking here about such cheaper levels of price for bitcoins as it was growing slowly, but still growing at a lower pace, and will probably reach higher because of reward halving.

I don't expect anything special before 2020.

Maybe ~$1000 highest level.

Why do you say that? I think when the SegWit is finalised and release to the market, the price will be at least $1000.

Exactly. It is really not about how much fiat you burned acquiring a certain desired number of bitcoins. Fiat does the exact opposite as what a completely new and limited (and shiny!) asset class does: appreciate in value over time.

It is just hard to not get bit-greedy when the fiat price of a bitcoin temporarily dips: you just want more. Saving can be fun after all..

\

people are waiting for the next halving while the effect of this halving has't even kicked in yet.

they think the halving is some kind of immediate event that happens every 4 years on the exact date of the halving, but it's not.

Pretty sure that we will be at an ATH somewhere next year. We never know how much time it will take to reach 1200+ dollars inside 2017 but it will be in 2017. It could be as soon as january or as late as december. It will be a good year.

if everyone was thinking the same it should have happened already, but it seems that not many will want to buy at the higher level, for the average people this price is already very high, and they will buy only small amount

Yes. What we need is a trigger to get going.
There are a lot of people who are waiting on the sidelines, for the right moment to get in.

The next trigger is the increase of the block chain size. So there will be more usage of the bitcoin and the price will rise.

I think the block size will only contribute in terms of more usability. There is a way that the price will go up, but I highly doubt it, since it is more a usage features. The same applies for other features. The only thing that can drive the price to an ATH is adoption and that may take a while.

The more usage of the bitcoin as a currency, the higher the price. ONE day it might be the largest currency.

There are some interesting announcements in the last week or so.
Impending implementation of Segwit, Megaupload planning the use of Bitcoin with their Bitcache service,
if Segwit greatly improves the transaction time or Bitcache generates a lot of new users, we could see a huge jump in price,
or at least a slow and steady rise over the next year or two.

I think the SegWit or a hard fork to increase the bitcoin block chain size will be the major catalyst for the price rise.

My machine tells me not to expect the ATH any time soon. Simple reasons. More coins in circulation and thus it will take much more fiat money to move the price to the same levels than three years ago.  Number two, we don't have Wally the bot and Mt. Gox any more, and thus pushing the price has to happen on some bigger scale. I don't see much new money eager to flow into Bitcoin at the moment. Number three, we don't have fundamental reasons to move at such levels. All what can be a positive fundamental event for Bitcoin seems like distant and uncertain future at the moment.

the only thing that's relevant to price is the number of coins for sale at this very moment. you can have fifty trillion, but if only a few thousand are for sale then they'll decide the price.

there's more otc trading, more serious mining, more interest from major players. that adds up to more hoarding.

I have zero idea how deep order books are compared to last time, but i'd guess they're broadly similar.

I think you're right, but by ATH you mean that we cross the 1000$ cap ? If yes, then no, you're dreaming, sorry :-\...

how many times has this sentiment been written here? this forum is littered with it.

I agree that it's a stretch. it's also very possible. let's sit back and watch it unfold.

Frankly, I hope, and if it happens, I'll offer 50$ to whoever claims it first. You can bookmark that if you want ;) !

Qouted :)

I guess some people are selling bitcoins because they need cash for life. For many this is just one way of earning money, and they sell bitcoins every time when they collect enough coins.
I do that, when I fulfill my goal I sell bitcoin in that moment and then I do something with that money. Last time I bought nice t-shirt, my next goal is one nice drees that I saw in store. Dress cost around 3000 rubles, it is around 70 mBTC. When I collect that much I will sell my bitcoin and buy dress.

This is speculation section so I think it is ok to dream for the next price of bitcoin.  Holders are hoping that bitcoin will reach a new ATH so they can cast out and have a nice profit from it.  Others that bought bitcoin at its peak last 2013 that are still holding it today will be glad if that happen, the reason is that , they can let go of their bitcoin with profit.  And from what happening at this time,. it is possible that bitcoin can reach it's new ATH at the later period of 2017.

Yes, one can speculate about that. But the reasonable assumption would be to expect more coins in the order books now than three years ago, for a simple fact that not all the coins mined in the last three years went directly to the cold storage. Simple?

I will belie you only if you will draw a graph.
There is so much time till July that is hard to believe what you say is true.
Picture tells 100 words. So there is your chance to makes us believe you.

A great investment opportunity for many right now would be to allocate some of their bitcoin to offline storage, forget about it, and then come back a while later.

???
Profit

I'm super confused as to what's happening with the Bitcoin market right now, however whatever it is that is happening is definitely welcome from me and I hope that these trends continue for a little while longer. I'm sliding a bit more money into Bitcoin right now, and it looks like there are going to be some profits to bne had, if you haven't already gotten in on the swings. I just don't know whether to wait for a dip or buy now and hodl.

Lenders are in for the killing nowadays as the value of Bitcoin appreciated very fast lately but the borrowers are digging their grave if they dont pay up immediately, $100 of Bitcoin borrowed today maybe $120 or higher tomorrow not including the agreed interest.

Let me tell you one thing, when people need to sell their coins in case they need that money in their personal lives, it means that they invested money that they can't miss in their personal life into Bitcoin. These people cause harm to themselves, but for some weird reason they don't realize that at the beginning.


Signature campaigns are not something you can look at as being a form of income. If you do that, then you will more and more depend on it the longer you are participating in signature campaigns. It's just a bonus. That's how people should see it, and not different.

Well, call me crazy. I took out various loans, used those loans to get money to buy BTC on leverage (so loans on loans) and don't regret it. I'm pissing away my credit score even though I used to be obsessed with it and all the associated tricks/loopholes.  I have my stop orders. ;D But of course, portfolio diversification is the order of the day when it comes to responsible investing. So that means having your leveraged bitcoins spread across exchanges in case any one exchange gets hacked.  ;)

but there are also more users, more genuine usage and more awareness. i think that means more coins will be tied up. I think it might balance things out but let's see.

If there is no block size increase, it will take longer to get a ATH.