Bitcoin Forum

Bitcoin is a decentralized computerized cash that, when mined from the first source code, can be utilized to make grinding less installments. It utilizes the twofold record framework and works free of any national bank.

Or if nothing else that is the specialized meaning of Bitcoin. It should be composed in Greek. To disentangle it, we should comprehend that Bitcoin is not only a certain something; it fills two needs. The first is revolved around the possibility of blockchain innovation, and the second around the possibility of cash.


1:Bitcoin as a Platform
The principal thing to know is that Bitcoin is fueled by PCs around the globe. There is no focal specialist. Individuals join the system to tackle math confuses that open, or rather "mine," Bitcoins from the first code. Once the Bitcoin has been discharged, it can be exchanged starting with one place then onto the next in a moment. No exchange costs, no hold up times.

2:Bitcoin as a Currency
Conventional cash—be it the pound sterling, the U.S. dollar, or the Chinese renminbi—is administered by a national bank, a focal specialist. These national banks issue cash at whatever point they feel it is important to animate the economy, yet doing as such can have results. To be specific, hyper-swelling and the loss of obtaining force.

Following quite a while of unpredictability, the Bitcoin price forecast is at long last on an upward trek through 2017 and past. In only five years, the Bitcoin value (BTC value) ascended from a couple of pennies to over $1,000, which ought to give you some sense in the matter of how much cash early speculators made. Yet, don't stress, our Bitcoin price forecast 2017 (http://www.profitconfidential.com/bitcoin/btc-price-bitcoin-price-prediction-2017/) demonstrates that there is still more space to the upside.

The bank’s annual report “Outrageous Predictions for 2017” was published in December. It stated the expected increase in fiscal spending by Trump’s administration would cause “US growth and inflation to skyrocket, forcing the Federal Reserve to accelerate its hikes and the US dollar to hit the moon.”

Bitcoin is no more unusual to bubbles. Indeed, there's most likely a Tulip-lunacy propelled tribute out there as of now. In any case, tulips can't store esteem long haul, can't be sent to the opposite side of the globe in seconds, and positively can't live on your cell phone.

Bitcoin Price forecasts and the forecast for the year 2017.I anticipate bitcoin costs in the scope of $2,500 to $3,500 before the finish of 2017. We'll see whether I get an opportunity to repost this toward the finish of the year or no.Bitcoin is an innovation in beta. There are noteworthy administrative and mechanical difficulties that bitcoin can confront. Nobody ought to contribute more than they can stand to lose.

So basically TL:DR, you think it'll be 2500-3500. Meh, that's too high. That's if everything goes perfectly which it is not at the moment. I guess 1800 by the end of 2017 assuming all of the block size issues are finally resolved by someone.

$2000+ is possible only if that scaling debate ends in a good way.(tbh i don't know what way it is. But i certainly know i only trust bitcoin core, not anything else) If not, we'll be crawling around 1k$ for a very long time. The support below 1k$ is very strong yet it doesn't matter how strong it is if the problems don't get solved. We are losing the market dominance to altcoins. That's a bigger problem than bitcoin's price.

op seemed to expect that much. yes its true that his bracketing of the future price of bitcoin is so hogh jist for this year. maybe it will hit to 2000$ but not as much as his predictions though. there are stillso many issues to be resolved and so many fud that will surely exists that will have big impacts to bitcoins price (increase or decrease). lets just hope that before 2017 ends, bitcoin price will hitmore but not less than 2000$. we know thatmore investors will come soon so it is possible that it will hit that high.

OP, if you have a detailed breakdown of your $2500-$3500 btc estimate by the end of 2017, I'm curious how you envision bitcoin unlimited/segwit issues being resolved.

$2500-$3500 seems like a good estimate once fork issues are resolved.

There is economic doom and gloom looming on the horizon for banks, governments and fiat which could push btc's price up.

Concerns over fiat and bank instability could produce higher demand for stable btc.

Which in turn could drive the price up.

I only believe in technology on which bitcoin is evolving. I am not sure if I'm all true about this statement but before all those bank hoes and government bros bitcoin will bring evolution in it's price upto $2000 only when it's technology gets stabilised. Moreover, current advancement in Information technology may promise us to get bitcoin blocks resolved fully by the end of 2017 year. Next 8-9 months are sufficient for this to happen. I believe at least a million people are working to solve this complex beast. A million people is million calculation at a time working around the globe and clock. Few them will result in completely breakdown of blocks and alpha version of bitcoin. All these things make me think, BTC = $ 2000 by the end of 2017 :-)

We can't have new ATH without resolving internal bitcoin scaling problems and war between SegWit vs. Bitcoin Unlimited.
It doesn't matter much that  traditional fiat markets are struggling when at the same time Bitcoin hostile takeover is still possible.
We need some serious crisis - much like that in 2008 was, to boost price of BTC to plus $2000 levels.

I could agree with this. Current problems could cause the serious damage to Bitcoin if they will not be solved soon. And there is a solution we just need a good will. What I'm not so sure is that we need another big crisis, although I would say we are on the very edge of it, and I'm not sure that this would push price to 2000$ or even more.

The price of bitcoin this year will mostly depend on whether or not the scaling debate is solved.

If it will be solved, the price will likely get much higher.

If not, it would have a hard time even keeping the current price.

I too agree with your forecast and I am too optimistic that bitcoin price will hit 2500 mark before this year ends. However, we can also expect some turmoil as traders will try to book their profit by selling up the bitcoin after every bull run. That may hinder the growth for some time but eventually it will hit the mark.

However, I don’t see this happening within next 3-4 months. Because there are some problems with bitcoin which need to be addressed. Once these problems are addressed and resolved, I see no other reason to stop the growth. $2500 mark at least we can expect within this year.

You are anticipating that bitcoin will hit $2,500 up to $3,500 for this year and it's possible to happen though I find it high because most of the people here are just thinking that price will only reach up to $1,500 and that's the highest one. Though we really can't tell what can happen to bitcoin's price it can climb up very high and fast.

That would be a huge gain for this year if it happened. Basically tripling on the high end. It would be nice to see that kind of increase, but I would be surprised if it increases that much.

My prediction (tied to alts):

BTC in a basing pattern ($800-1100) until April-June.
Somewhere between April-June, alts fully bubble (eth to $120-140), then crash (eth to $20-30).
As alts crash, BTC accelerates upwards (above $1500, maybe $2000).
Alts will re-bubble by Nov-Dec, but who knows what btc value would be by then.

Yeah bitcoin price in chart is rising again. But how we can expect the price is around 3000$. Last year we see the huge bump because of halving effect and Christmas bump. Before we were around 500$ so we already in the best status in price wise. Then this month starting bitcoin touched the value compare with one ounce of bitcoin. My speculation is we gonna reach 1800$ in end of this year.

If only catalogs in the US will be posting "bitcoin accepted" at their first pages then we might hit it. I happened to see that those magazines which are for deliveries are gaining a lot of customers this year. They are a big hit when it is Christmas time. Why? Gifts.
Last year it was not like that. But since Trump, there have been changes. I dont know if it is the real reason just speculating.
There will be more Christmas to come and we don't know if that will make bitcoin rise again or it will just stay at its price. Don't even know if it is good or bad for bitcoin. There might be some things that could take it down. Just look what is happening now.
Clue: BU

You will get both coins when network will split into two and i don't think marketcap of bitcoin will flow to other cryptos. It may just also split between two chain, majority chain will get more value than chain with less support. People will dump all their free minority chain coin which will boost price of majority chain.

The only chance for bitcoin to reach 3000$ is by a way of a safe heaven. A store of value. Not some micro payment system. Bitcoin is a investment tool, not a paypall 2.0

Hello, you might be amazed that Bitcoin seems to respond wonderfully well with the model of seasonal forecast.
The cyclical nature of prices having accelerated at certain times is repetitive regardless of the volume and external events (news).
Reading the posts I have found the truth, in fact, following the trend of the price indication for end of the year may be $ 3600 and appears confirmed by Gann.
very interesting Thread , I will follow with pleasure.

Bitcoin can still be considered as both assets and payment solution. Paypal charges almost half the amount you will send in micro transactions on the other hand if you send bitcoin micro payments to multiple addresses on one single transaction you don't have to pay so much in fees.

There are still ways to make bitcoin great micro payment processor and at the same time for it to remain amazing investment option: SegWit+Lightning Network

The current fees are too high, we need to do something about it ASAP. Don't kid yourself that bitcoin is investment so high fees are justified - no they are not.
It is useless to sent $1 when you will have to pay a total of $1.5 for your transaction. It's true that for 1 million USD you will still pay same fee, but in reality, who sends such amount daily?

I think if we can fix the fee issue and the time of transaction issues, his numbers can easily be seen. However, it's going to have to take a lot of things to go right first

Maybe we will see the price is going to pump again before the year ends. Everything is very possible to happen with bitcoin now and the market is very stable and balance. After the dump, expect that the price is going to increase. As long as the price will come back again to what we used to see it, that would be fine for me.

we are experiencing a bear market in my opinion and it looks like one of the longer ones these days. with all the FUD and the crap that has been around lately the price seems to be staying low at $1000 range for the time being.

but in this year, in long term i am expecting this period to end in 1 month tops and then price will start a new faster rise. by the end of the year we can expect a $1500 price at the very least. but if things get better and the sell pressure is removed sooner we can even expect a $1800-$1900 price too.

This resolve that some altcoin were up yesterday for some time and someone made good profit with this i expect to see this all some on some range around 1500$ this year, cuz for me this is optimal price for one bitcoin.

The optimal price for 1 bitcoin is 10000 USD. Because it will create the perception of bitcoin as a store of value, and not some micro payement system to buy coffee and pizza's with.

In my prediction Bitcoin will see all time high just after finish the drama of hard fork. There is continuous support for Segwit and it seems that those with unlimited are loosing morally at every front in this battle. Bitcoin will give huge bounce back and people will keep watching the spike in price in very near future.

Yeah assuming the BTU thing gets solved and BTC gets back to business as usual, then think 1500+ price is at least garmented by the end of year probably sooner. But if hard fork happens we all know what condition BTC will be in probably even going below $500.

Hard fork is inevitable .. I project BTC dropping to @ $450 and BTU @ $150 following the fork. 2 year bear trend follows eventually leading to BTU coming out victor. BTU then becoming the main chain spikes up to $10k in 2019.

This is the reason why you are a newbie. You must be a Onecoin supporter.

https://bitcointalk.org/index.php?action=profile;u=212701

On the contrary.

Word of advice, do your own research and don't blindly listen to what the majority say or have been told.