Bitcoin Forum

Bitcoin has had a banner 2016.

After two years of lackluster returns, the price of a single coin soared more than 100% this year — putting bitcoin on track for its best annual performance since 2013. A wave of exuberance carried bitcoin from around $90 in January of that year to an all-time high of $1,242.

Bitcoin traded as high as $867 on Thursday, according to Coin Market Cap, causing its overall market capitalization to sail past the $14 billion mark, eclipsing the market value of, say, Twitter Inc.

Source : http://www.marketwatch.com/story/and-2016s-best-performing-commodity-is-bitcoin-2016-12-22

Yes everyone will agree, hopefully in 2017 is better than 2016. I hope in February 2017 the price reach $1,000 and December 2017 reach $2,000. It's time time to buying bitcoin.

Hope greedy people/government just ignore bitcoin we have almost freedom in here not like the paper money that it was always centralized and no anonymity on it.

on a consumer note I think its much better if it just stay for $1000-1500 in 2018 but if goes on $2000 price traders will rejoice , I dont have any research on my point it just I think its better when it is on $1000 price range for consumers.

I think if we could continue this bull run up to around $1500 & perhaps with a fall back to $1200 followed by a year or so of stability that'd be best for us. I don't think a meteoric rise would be a good thing based on no good news because we'd have a crash after which would scare people away.

That is true. If the price goes to high it might happen that Bitcoin becomes currency for elite because many people could not afford it and then it would be concentrated among smaller circle of people. On the other hand big jump in price would be good for current Bitcoin holders, they could profit very much.

Yes. Undoubtedly. Let us see, what 2017 holds for us...

Very possible indeed as we see now.
I always believed in bitcoin, always, too bad i sold not so long ago :/
I feel pain.

yess u are right absolutely .as u see the price of bitcoins have decreased to a very  good level,due to the hacking that occurred recently but now the price of bitcoins have recovered to a very next level ,so now the price of bitcoins is increasing and  it will reach to a level of 1100 dollars in no time.

Yes it has certainly outclassed Gold, Silver and other alt coins so it deserves the "best-performaning commodity " tag.

The situation now is definitely different from the one back in 2013. We've been seeing a steady rise without the bubble caused by Mt. Gox back then.
We'll go over $1000, but this time it will not happen as fast.

We are looking forward to that feet, and maybe upto $2000 by the end of 2017

bitcoin is NOT a commodity..

commodity is a raw material used to create other products.
EG
wheat->bread
gold->jewellery/circuits
oil -> car fuel plastic

bitcoin belongs in the currency grouping and then within that, the asset market.

definitely not the commodities market.

its like some people cant even pass high school economics these days to know the basics

the article seems to be wrote by someone that has no market knowledge.
first talking about commodities.. then jumping into bitcoin.. then into the corporate share market..

serious failings for the article writer.
oh and twitter is not a commodity either..

No doubt about that. Bitcoin price grows more than 100% this year. This is more profitable than other precious metals like gold and silver. The price increase really quick. Its.more valuable than other.

I feel bad for all the people that I have tried to warn over the past year and a half. I kept telling them how obvious it was that bitcoin would go to 1000+ again and surpass the ATH towards a new unseen high, but they just wouldn't listen. They would say bitcoin is a scam and it's dead because "it cant scale". A lot of idiots have bought the big block nonsense and are now missing on those measly gains.
Oh wait, I don't really feel bad for them at all. Merry christmas!!

It seems like the price is increasing every 2 day or so. It's almost insane. I regret not hearing about this sooner enough. People I know that had btc also regret exchanging their btc for fiat a few months ago. Now it became more unlikely for me to buy bitcoin, considering how high the price is now (44k in my currency, more than double the average monthly salary).

Yup, it's the right thing. And this is the advantage of the long wait, because I was already extremely long to wait for benefits like this. As you know the advantages in the bitcoin is better compared to the advantage of others. This is something that will make the higher growth of the bitcoin because now this bitcoin showed his excellence more than anything else.Of course all the people who are already investing in gambling is sure to benefit 100% or even more
 

2013 still the best year for bitcoin because bitcoin reach to the highest price at that year and yes after several years stuck at the lower price then in 2016 slightly but sure that bitcoin has showing good sign with almost back again to $1000 but in the beginning of 2017 i wish there will be no more situations that bitcoin dropped at $500 below

I think the price will go down after January 2017 and after that will continue to increase slowly.

I`m not such optimist about reaching $2000, but bitcoin is still strong.

Even though the price is soaring, the boom isn't finished kicking in. As more people collect from faucets, use or make web services or accept BTC payments the circulation opens up to people not previously involved in this economy.

It takes no precaution to whether there is an end or not. The solution is clear, here on out more will surely come.

What happened in India on November 8th certainly seems to have given bitcoin a filip. Never saw that coming - i thought adoption would come from the south american countries.

This is certainly a welcome news for people who have bought bitcoins cheaply for the past few months, or to those who have been paid bitcoin. What remains to be seen is how people who are not yet into the bitcoin economy will respond to this. Of course those who have enough money can afford to buy bitcoins in hopes of making a profit but we don't know how many will adopt bitcoin if the exchange exceed $1000.

The only big thing that happened this year were the halving, besides those we do have more bad news as bitfinex loss, then a real good new, we are growing and the value of bitcoin should show those. I dont understand the recent 100 dollar up, besides being someone trying to pump bitcoin at the end of the year as always happens, if we remove the halving there isnt nothing to celebrate at all.

i think the halving is what made this last pump possible, i remember that many here were saying that the halving would not bring anything but the price increase nicely because of it, instead bad news only do momentary dump, and bitcoin will always recover from bad news

Well it was expected. No instrument was able to jump in value like BTCBTCBTC ever did this year. The main question now is how can it hold this value, and not depreciate significantly.

One thing is certain - bitcoin has decoupled from Gold. Gold fell when the Fed increased interest rates. But bitcoin rose. Either the rise is a pump, or there is a dfferent dynamic driving BTC.

I'm not sure why anyone who had been following Bitcoin is surprised that Bitcoin is the best performing commodity. It has performed well, gone up massive percentages only dreamed of by some other commodity traders, and maintains a strong track record and is on its way to be bigger than before.

If you ever see wheat, oil (which actually could go up 100% if suddenly OPEC stops producing) or anything else double in value, let me know.

With today's price around $900, bitcoin price appreciated more than 90% in 2016. A lot better than other commodities, such as natural gas (56%), crude oil (46%), copper (16%), and coffee (41%).

I do agree, bitcoin has grown more than 100% from last year I don't know whether it is affected by the halving or by the increase of bitcoin usage, but bitcoin has proven become better investment for this year, better than gold, silver and oil and it has shown no sign of stopping, 2017 will be another great year for bitcoin

OK, having been through two or three of Bitcoin's majestic price cycles myself (with FUD and elation present each time), I guess the only thing I can offer up re the future would be:

If you can HODL BTC, and withstand the hard ups & downs, then the UP years will more than make-up for the DOWN ones.  [Probably]

May you all have blessed holidays, it looks like we will need whatever of the Good to help us through the likely to be interesting 2017.

well hopefully bitcoin show consistency and best-performing commodity in 2017 . Juniper Research, a financial research firm, predicts that bitcoin transaction will triple by 2017, reaching $ 92 billion dollars. Juniper noted several factors that should factor increased adoption of bitcoin in 2016 and to 2017.

Certainly bitcoin is one of the best performing commodities in 2016, with almost 100% gain. The further price gain will depend on China where more and more people put money in bitcoin for safe heaven.

Yes great performance for bitcoin in 2016, hope it will continue with momentum in 2017.

If this trend continues duplicating or triplicating the feat it did this year, it will surpass the market capitalization of the world's leading fiat currencies. Many traders are optimistic that bitcoin can sustain the rally through the first half of the coming year but this depend on some factors that might happen in the coming days.

I won't say bitcoin is a commodity, but it certainly is an asset which outperformed all other asset class in the world. I have accumulated most of my bitcoins when it was at $450 level. So I am sitting on a huge profit at today's price. I have done nothing with the bitcoin, I had just stored it and traded with a small amount.

But the return I have received from the bitcoin storing, it was just amazing and beyond my expectation. I hope 2017 will be as exciting as 2016 for the bitcoiners.

It's crazy. Bitcoin's price's growing in an amazing pace. It's past $900 already. People who've bought or got BTC for Xmas have good reason to be happy now. We hope the best.

They should add a new terminology for Crypto currency, called CommCurrency in the financial handbook. Bitcoin is 50% currency and 50% commodity, so it is the best of both worlds. I think it has taken a gold
medal in both instances as a best performing currency and a best performing commodity. Get out the Champagne and let the bubbly flow, we are the champions in 2016! Now let's hope we can do much better in 2017 and break all records again for next year. ^smile^

Year ago price was under 300, x 3 in just one year is amazing  and that's why bitcoin is best preforming commodity. Plus we can use bitcoins as currency, to pay for different things, gamble, trade or what ever, each day more services are available for us.
If 2017 be better then this year, then bitcoin will male miracles in the world, and like someone said we will be filthy rich one day. Good luck too all of us!