Bitcoin Forum

All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

I think this year 2016 will also be remembered as a bad year for bitcoin due to recent bitfinex hack. In which 1,00,000+ bitcoin were stolen which is comparatively big and due to which market get dumped so hard. 

though for the bitcoin price it is not too bad of a year if you are an investor as it should have given you some decent profit to be honest

I Think this year will not be remembered as a bad year for bitcoin, but this year will be remembered as a lucky year for bitcoin, as the price of bitcoin already doubled up in this year and even after two hacks 1,00,000+ Bitcoin hack it remained much stronger and people are still with it and are putting their money and are starting their businesses with it without any fear.

its just like the same last year when scriptsy also down last year they are just the same hack also the price of bitcoin also crash the same as this year.. i think this is just a common problem about bitcoin we dont need to relay in that bitcoin will stay alive and the price of bitcoin for me its still high.. than last year.. so it means bitcoin is changing and the price is increasing..

But a low price encourage more people to buy bitcoin which is not possible for them if prices are too high.In other words dump is good to some extent

it will not happen again, the prices rise like when it might be the only hope is the price may return to top $ 1,000 so that all prosper and i honestly hoping in future the price can be increased by 150% -250%.

I have remember 2013.people was panic price was skyrocket that time people think they will reach moon soon and you see what happening later 2013.That very tough time for bitcoin people was start claiming bitcoin is ponzi.Now bitcoin have better position.I don't think this will happen again and personally bitcoin should not need skyrocket. :)

It is true. This year bitcoins has given quite good profit for all investors. It is good for any market to have smaller corrections now and than otherwise if always move up one direction then surely one day it will fall suddenly. I hope now prices are stabilising around 580 range and in the next move it may cross 700.

By reading comments i have noticed that its not right to say that time can be the reason to alter the bitcoin price at this moment but the hackers instead. Theres a good and bad things about it. the good things is bitcoin will not suddenly die as this will give to more people an offortunity to buy at low rate so the market affects to high. And the bad thing is mostly those big companies are the victims and people with them.

I dont thinks so that this year is the year of bitcoin because i expect to much with the price ? or the falling price of bitcoin is very unexpected to me. haha Im just new to bitcoin thats why i expect to much with it so for me this year is not the year of bitcoin not like way back 2012 :D

The only spectation now its at the begining of 2017 with the new version of megaupload working with bitcoin, my faith is that the project will affect bitcoin almost instant, but lets see, i do believe this year the halving showed us to dont be too greedy people,and sure bitcoin even being decentralized, its value its affected by good as well bad news.

In the different view in 2016 have a good experience because the price is doubled compared the past year in 2015 at the price of bitcoin just in $350. and I think bitfinex it's smaller cases comparing with the previous cases of the bitfinex cases .

2016 is one of the best year of bitcoin so far. The price of bitcoin increase up to 2 times because the halving happened and my prediction on 2017, i don't think it will be good like 2016.

Bitcoin can't reach moon without first setting its own problems and evolve. That 2013 price spike was artificial pump it was not sustainable.
To maintain high stable price we need adoption, bigger user base, greater infrastructure, mainstream acceptance and wise regulation.

Not speculation.

it wasn't a rise from 5 to 1000 and also mtgox was not the only reason for it, it was like a fuel to an already rising rocket.
the rise so far is generic and is happening slowly with little manipulation ever and so it is more stable with less risk of big drops. and as long as bitcoin usability continues to grow the price will grow with it.

we were on a steady rise to $1k this year until the bitfinex hack happened... so i think we'll make it just may take longer :)

2016 is not a bad year for bitcoin, neither is a good year for bitcoin because if you compare the price of btc  before july 2016 and today's price, then you can pretty much say that btc has already made a good growth in this year. but then the bitifinex hack has stopped the growth for a while but it didnot either cause a big disaster in the price of btc. we are still too high compared to the prices before july. so we have to be happy with the current market price because atleast it is not beyond the last year's price. just my 2 cents! :D

i agree with this.
we are still on the way to the top with the price. and there is nothing changed with bitcoin.
besides we already had a very good rise this year. people seem to have forgotten that price was $380-$430 not long ago and now we are at $570ish

True.correct indeed . It is still considered lucky only to the fact that it still survive tho year that no matter what happen no matter what the hackers did . The bitcoin the bitcoin community is still here. We still experiencing it and still got a chance to gain benefits.

True, but even the price is dumped and lowered  the bitcoins price because of bitfinex hacked coins but as we can see it still manages to increase its price gradually. We really do expect some  up's and downs of  the price and its normal because of some circumtances but still  the uptrend  is still there, we must all be patient.

I think this year is indeed a remarkable year for me.
Given that this is the year when I started. But aside from that, a lot of things happened like the fall of Bitfinex and HashOcean and wrong speculations like bitcoin would reach $1000 after halvening or something like that.
I had a lot of experience already and I think this is not the end.

Well it did came back to its good price thanks to the bad reputation. In time, I think it will grew more. It is so young to be critcized so much and yet it stays and much more growing once a new bad reputation came. They didnt think that making a bad news is a good advertisement and maked people think what the hell is bitcoin.

not clear on this but if you mean can any of the altcoins which you consider as competition beat bitcoin then the answer is a big fat NO.


that rise was from 200-300 up to 1000 and I may be wrong about the start but it definitely was not $5


I don't think we can ever see a rise with that speed ever again because the market size has grown a lot and it is not as easy to manipulate it and make the price go that high.

This is the same situation last year so i think this is not the case that the price of bitcoin right now is low even those exchanger and hashocean is not down or crash the price will stay remain and i think the price of bitcoin will not increase unless if someone can invest a lot of bitcoin .. many people are waiting for price decrease and they want to buy a lot bitcoin again.. so its a common problem that the price of bitcoin will decrease and increased..

Try to see it from a different point fo view.
The hacker won't be able to cash out or exchange that coins for other cryptos for a very very long time.
Everybody is watching those adresses and all exchanges and mixers know about it.Each move will be traced.
So you can see it as 100k coins less in circulation.

I also agree with that and because of that I am still in bitcoin and still putting my money in bitcoin, I know that bitcoin is now a much stronger currency and if the price drops down then it will not be harmful and will recover sooner within a shorter time. Now a lot of people have their money in bitcoin and that is making its base much more stronger for the future that none of the tragedy can harm this currency.

Matter of time perhaps we don't know for sure. Because it is a secret. However I think that bitcoin is not going to be a bad currency in the future, because surely everyone will still use for some things though there is already a digital currency becomes heavy competitor of bitcoin. Because for a long time already used bitcoin and give you an advantage

I'm not with the bitcoin community sincel ong time but .. Both SegWit and Lightning network should come in the future, developing Bitcoin more and more will bring people and cause a price increase .
If people lost their funds in Mt.gox then It's because they  stored their coins in an online exchange, people probably didn't have much knowledge back then but what is their excuse in the recent hacks like in Bitfinex ? there isn't any , same thing for ponzi schemes (HashOcean where few millions were stolen as well) , All those things affect the price.
We don't need price increase with maniuplation and stuff , we want something that increase with stability.

Base on my prediction bitcoin will be like gold rare cryptocurrency during a period of time because year by year the bitcoin value will rise so I think like gold this item is decreasing now a days. So it is better to earn bitcoin now and wait to turn this to happen. Bitcoin has no opponent in this matter. Its different from alt coin which has opponent.

yup for now, i keep my bitcoin and i am waiting for good rate to sell it. i am sure that from time to time, the rate of bitcoin will be increase for sure and if the rate is good as i want, maybe i will sell it and make money from it. but for now, maybe i will watch how much this rate will increase.

Yes, bitcoin itself says its value as it goes price rise up. No other altcoin will surpass bitcoin as what bitcoin done in the market ,expecting more that the time when bitcoin near s to halving time and after halving a sure big tendency of change happens .
Yes ,bitcoins can be like a rare gold cryptocurrency ,but bitcoin differs a lot which makes gold out of this sequence.
Time goes by and bitcoin price continue to inflate just like a limited offer from time to time.

What if the hacker lives in a well developed country where he can exchange his coins in p2p transaction locally without involving exchanges. There is high risk with such possibility but it can by pass the exchanges. Another try is since he has a lot of coins he can try a mixing service in the dark net. At that place no one gives a damn from where the coins come from or how the person got on hold of them. So these coins can be dumped pretty easily but I think the hacker is waiting for some time to pass before exchanging them.

Bitcoin vs Time ? Time is a big ally of bitcoin as with the passing of it the user base only keep increasing. That says it all, bitcoin will be stable and maybe even go up in price for the coming years.

People are fixated on the price and where it will be in the future, but if they could just shift their focus on helping to spread the word on Bitcoin,

we would not have to worry what the price will be, because it will increase with every person introduced to Bitcoin, because they will buy

Bitcoin and it will push up the price. MtGox did not push up the price, Willybot did it.  ;)

I don't think there's ever been a better year for Bitcoin than 2013, and I personally don't think that there has ever been a better year than that. There have definitely been some advances and so made recently, but I think so far the best year we have been has been 2013. I'm curious if there are more things that can happen within the next year to make it better than 2013. Unlikely, but it would be interesting.

he'd have to use tons of small mixers, and that'd take lots of time, but the coins will likely be transferred. Any mixing service will work, as long as it mixes correctly and he doesn't mix them all at once.
This issue will be forgotten in a few years, and it'll be remembered as just another Mt. Gox in the next year or two.

yes i am agree with you. i think this year is really a best year for bitcoin, as we can see that there are a lot of fluctuation seen in the price of bitcoin. but the price of bitcoin also become double in this hear, so we can hope that the next year will also be a good year for bitcoin and we will hear some good news about bitcoin.

people like OP should really stop worrying too much about bitcoin price and the future of their little investment. if you want to think about bitcoin ONLY as an investment then first learn trading and all the tips and tricks of it then come back and invest in it properly not a small amount that you bought on the peek because of fear of missing out and now you are worried about your money.

other than that you should try to think of bitcoin as it was meant to be as a currency not a get rich quick scheme.

It is natural that most people, who are new to Bitcoin and who heard stories and saw stats on it's price history, that they might think the price will go to those levels again. Bitcoin and other Alt coin are also continuously hyped up, so people have a certain expectation about it's performance.

Let them experience it for themselves, we all did.

Really ? Even with bitfitnex hack, the price of bitcoin back to normal again. For me, 2016 is really a good year for bitcoin, because we have the halving and it's make the price of bitcoin increase so high.

This year bitfinex hack happened, it causes bitcoin prices fell after rising to $ 700, but I feel if it does not happen, bitcoin prices will reach $ 1,000 in a short time. I think if something like this does not happen again, perhaps in the near future, bitcoin prices will go up quickly, and reached the highest price again.

yeah i think 2016 is a great year for bitcoin, after the bitfinex incident, bitcoin still stable, and there is a price movement before halving and for sure the price in 2016 is better than in 2015, so just hope there wont be any bad incident again that can bring bitcoin down

That is truly a bad incident. The good part is we didnt go back to a very low price. Although there are lot of coins that is stored there. Something prevented the Grand Fall to happen.

I don't see any bad things happen now in bitcoin especially this the whole 2016 period will be the most profitable experience to each and every member  of this forum. It is quite good to know that the price value anyhow became stable this year. and it will be considered as a good to remembered.

In my opinions the best advantages caused by halving is not about the price of bitcoin is increases for a lot but about in their stabilization is not like the previous year because the price is very volatility and if bitcoin getting the decrease in their price, that is will excavate a lot of value.

I joined this year, 2016 is my year. So many things happened and I learned so much about bitcoins. I can`t speak about years before, I didn`t even know about bitcoins and crypto world.
I can objectively say that bitcoin have more casinos in this moment then in years before this one, also shops, steam started to accept bitcoin. Some people talk about hacks, and stolen bitcoins, well things that worth are often on the target of criminals. People say gold, fiat, well I know, and everyone knows that gold has been stolen since beginning of the world, fiat also, diamonds, cars, everything. So why someone to not try to steal bitcoins?
Its a bad argument that someone is robbed, or hacked, that happened before and will happen in future. That is another topic, why its happening and how we can stop people from doing bad things.

Yeah, but in 2016 bitcoin also has good increased started about $400 and be able reach until above $700 and then bitfinex got hacked. But, as we can see that bitcoin price could recover to $600 again, we just hope it will rise in the end of this year.

I don't think that we can call it a bad year for Bitcoin just because of one event that occurred. Although, the price did drop quite a lot around the middle of the year but it is going back up, so that is definitely not a bad thing.

Although Bitfinex was hacked , still Bitcoin finds its support among people.

Projected rate of Bitcoin in 2017 is around $1000

Undoubtedly, Bitcoin would be the future currency of the world

There will always be negative events in any financial market. 'A Bad year for bitcoin' isn't defined purely by one or two negative events, or the fact that bitcoin values haven't grown as much as you would hope (which is still around 39% since January 1st - an above average result for any financial market).
Considering that bitcoin is becoming more widely accepted, 2016 could be seen as a success regardless of the change in bitcoin value - for example, you can now spend your bitcoin at Dunkin Donuts. This is a massive win for the acceptance of bitcoin into society.

Wow, do you have some pretty good evidence or what background you say it..?? . because I see that the growth of the bitcoin is still pretty stable, so in the next year (2017) I think the price is bitcoin has not reached $ 7000.

there is a big chance that bitcoin will pump up next year but not around 1000 to 7000 dollars, everyone has their own opinion with it and there is no accurate changes to say as early.

the two biggest factors come against each other and there is a happy place somewhere in the middle.  the increasing difficulty, mixed with the lowering block rewards over time create a truly scientific environment.  people are the odd factor, but they act based on a series of factors too.  eventually, prior to the entire number of coins coming into circulation, the price will find a place and settle in for a long time, maybe here at $600, then once the currency is accepted and used to a large degree by the general population, the price will alter again and eventually settle in at a new price, finally, once the last coins come out and there are no more, a new happy price will eventually emerge

i would argue that it was Gox that raised the bitcoin price, the price of bitcoin is based on the fundementals at the time and the size of user base.  Gox did however let likeminded people exchange something that really is great when you incounter it.

Yes everyone has it's own opinion but opinion should have some basis compare to speculation.

Any support for that "big chance" you are talking too pointing to that pump? Im sure you will not say that if you don't see any factors about that thing "next year".

Giving opinion is not just like that you can say something , their should be some logic to say the price, from $800 to $1000 is ok because that much price can move up in the next coming year as their is so much time that we can get nice news about bitcoin supporting or else some trading news also can come.

In my view logically $800 to $1000 price is achievable in 2017

Really? I thought that every year without new ATH is wasted.

Wasn't peak of bitcoin in 2013 and since that time bitcoin live only because bitcoiners are dreaming of the future when it will be worth millions?

Yes but it is not that very high to fall. It is still stabilized as early as possible. We lost $100 but it didnt go beneath it numbers. You can also remember it as the bitcoin strongest fight even in its darker days. Bitfinex as we all knew got a large amount of bitcoin in their hands. But still bitcoin fought with it and now making its way back again to the top.

I dont think that Any Altcoin can beat the Bitcoin not only previous but coming future price also they are not able to sustain, even ETH and Monero coin are trying hard, but still they have to go some more years to touch atleast the current price of Bitcoin.

About the Mt.Gox exchange period in that time bitcoin users were less so they were able to manipulate the price but today it is far more users so manipulate that much price is highly not possible in my sense. I mean is only manipulate price to that high and then lower it, but the price now it is very steady and it will only go more high and in coming year 2017 if every thing goes smooth then we can surely see the price of bitcoin above $1000+.

Just because your expectations weren't met, doesn't mean it's a "bad" year already. There are a lot of other factors that needs to be given consideration and I can make a long list of it. See, this year, despite the finex event, actually is a good one because a lot happened and there was so much movement.

Very observant! I’m glad people like you exist and it is just proof that people can see the trends. I too notice that while the hacks may make bitcoin seem less reliable, it is actually still slowly gaining value. That’s because people like us know these security issues will be fixed and bitcoin will continue to gain momentum.

Bitfinex theft case is the biggest disadvantage of the stock exchange Bitcoin,Given the numbers, the theft case has triggered many levels of confusion and frustration among market traders bitcoin prices fell sharply after the news came out but now is back to normal,the bad news is no longer disrupt the current bitcoin prices.

This thread really gets a person thinking about TIMING for making a significant move.  I bought a few more coins early this year and felt like I over paid, remembering how they bottom'd out last summer 2015.  I ended up pleasantly surprised.  I find I am now gaining more confidence that BTC can weather the ups and downs that happen every year.  I am pretty confident that a long range thinker is in a good industry.  You just have to resist the urge to "bolt" on the down cycles by looking at the history of the coin.

I think that 2016 is not really good year for bitcoin, and i know about halving and other good stuff, but what about bitfinex?  A lot of money was lost and it's not over.

There is an investment tidbit that 'time in the market beats timing the market'. Very few people an accurately and consistently predict price movements in the short term. There are only a handful of stock investors who can  provably time the market on an ongoing basis, so what makes bitcoin any different? We don't know what events could unfold tomorrow - bitcoin could be accepted by major retailers (boosting demand) or world governments could find a way to track and tax bitcoin transactions (lowering demand). Major accounts could be comrpimised and the risk of BitCoins being stolen could increase. I'm not saying either event will happen, you can only bet on what you think is likely.

That's useless for commenting about the another person's expectation caused by, his are making that for himself and in fact like your site beside of the finex's cases, we know there are a lot of waves in bitcoin, like the price is increasing for a lot and get their stabilization until this time and i think if we are wanna seeing from the another perspective we will get a lot of answer for that. realize about the realistic will be better than dreaming about the expectation.

I predict 2017 will be greater year than this year, with a lot of online store trying to adapt bitcoin like openbazaar and other store, i believe next year we will see more and more store and there will be increasing bitcoin user, which is going to make bitcoin price up and stronger

It only shows that no one can foretell the fate of bitcoin.  It is always on how people will use bitcoin just like commodities like oil and gold.  We know that if the supplies are many, the price will goes down and if the price is up it means that there is a limited supply of that commodity.  The hacking that happened this year is just another factor that we do not know what will happen on bitcoin in the near future.  We just need to continue patronizing it.

Yes, if more and more big shops start accepting bitcoins then its demand will grow, and prices also will go up. Fiverr is also accepting bitcoins as a payment to buy their gigs but we can't withdraw our earning in bitcoins as of now. Maybe slowly they will include this feature as well.

Actually there are not people who know what will happen even if for one minute later, but let me to making prediction between bitcoin vs time. If i saw growing bitcoin by the time, it is always going up there are many people who use bitcoin although it is just for make investment or trading altcoins and still there are valuable in bitcoin. I am sure bitcoin will be survive agaist the time.

too many altcoins nowadays therefore they are Compatiting each other to grow their alternative coins and it also take time before the big bump happens hope that there are mt.gox exchange website agian so that it will boost bitcoin price.

I think this is a common dilemma faced by most people, not just newbies, I know I often can't decide if it's a 'good time' to buy or not lol. Everyone wants to buy at the lowest price possible and it's not fun to buy only to see the price drop by $100 a few days later. For me, the best way to tackle this is to only invest money that I can totally afford to lose. I still try to find the right time to buy but the fact that I don't miss the money means that short/mid term price fluctuations are easier to digest.

There have been too many altcoins ever since the blockchain source code was available for anyone to go and make their own. Maybe there will be a place for alts in the future once there stop being so many that just fill the market with fluff, but until then, it is incredibly unlikely that any altcoins will actually take off and be used for something more than speculation.

Everyone wants to buy at one point in time or the other, and something a majority of people have to do is watch the market, listen for any news, and make sure that they are buying a dip and not a downswing or an upswing. As long as they put in some effort it is relatively easy to determine the trends of Bitcoin and where everything is going to drift towards.

The only thing that I regret now is that I didn't join to bitcoin when the price was 5$. But even if compare with last year the price is tripeled. Last year it was about 200 $ And this summer it get close to 1000$. Just the story with Bitfinix crash it down. But I expect bitcoin will come back same high again. I see tend to that in the price changing for this 1.5 months. So we may only wait and buy bitcoins now to not skip that chance.

That's right, in this time the competitions will more difficult because every day is always appearing a new coin project and all of their developers is want for earning profit for there and at the same time is reaching their popularity in the world of bitcoin but I think just some of alternative coins is really helpful in my life.

Now we have different situation, in 2013 there were less bitcoin users and less financial companies which accept  bitcoin, since 2013 a lot of sites and companies have started to accept bitcoin as payment method, a lot of bitcoin casinos has opened. Now, bitcoin is afftected by more financial companies.

This year is still open for growth with uncertainty with the fiat currencies, I think we can still see real increase in BTC price this year with more than 3 months left.

I don`t understand what exactly are you trying to say or ask.

I don`t think that the bitcoin price will ever again rise from $13 to $1216 for 10 months like in 2013.

2013 was the best and the worst year for btc. ;D

Yeah. Just think of it. If all these disasters happened in a single year what more worse things could happen in the next years?
We must expect these circumstances, I must say.

Best and worst yeras lol But it depends on which side? If youre selling for dollar, its  the best year but if your buying, maybe worst  for you when it suddenly plunge down :)  Time is our ally especially on investment. Over time it grows.

there are 3 months and two weeks before 2016 ends. many things possibly can happen during these months wether good or bad but despite all what happened bitcoin is still alive and stands on its track consistently.

If we see history. We can elaborate future of bitcoin with making calculations as Bitcoin is directly proportionate to time. As time going price of bitcoin is going high day by day. Also we have noticed halving. which reduces price of reward for block mining.

All consideration takes results as Bitcoin have great future and as time laps bitcoin will become more valuable.

Same for me, I didn’t lose any money in fact, I made about an extra $2000 dollars from dabbling in bitcoin and the various ways to make money. I think this next year we will see exponential growth and bitcoin becomes more popular!

I may find it hard to predict a the future, but fact is that you are right to some extent. Miners the key in the bitcoin network have been able to mine, this is only possible if they are ready to mine for a decent price to cover the cost. So far they have always been able to earn with their rigs, which means the price is indeed going up vs halvings vs difficulty.

And if this trend keeps up we can expect a much higher value in 2020.

And the production of the miners will reduce in 2020 and that is just a normal thing if the price will increasing again and more highly comparing with this time, and their production is getting decrease.

Well, I don't think that this year will be remembered as bad year, it  doesn't mean  bitfinex hack and was covered happened 2016. But even is like that still bitcoin sustain its price for what we have now. meaning , it shows that the price is stable.

Well that bitfinex incident is just like a wounf that had already been cured when it comes to bitcoin price. But still the people who lost their coins left a scar. If they stay I hope they could get back the lost coins thru the profits that will come.

Time has nothing to do with Bitcoin. The only thing that is relevant to time is the Bitcoin halving. There's a lot of things that can happen in Bitcoin that can affect the price. New killer ideas would make people go into Bitcoin and make them pour more money in Bitcoin while crime like a major company getting hacked will make the price of Bitcoin decrease. It's not always about the year, month, it's mostly about the recent happenings.