Bitcoin Forum

This is not investment advice, this is speculation and ranting! Don't panic on the way up, and never trade anything for less than you believe is fair.

Anyways, I can see $1,200 before December 1, and there's no ceiling to the exchange rate. I believe the peak price of Bitcoin will be inversely proportional to the degree of negative sentiment among personal investors regarding the manipulations of conventional stock and bond markets. Bitcoin isn't pegged to an exchange rate by decree, rather by fixed supply inflation and generic market demand...

Think about this simple math expression:
When the supply of demand becomes unlimited via the disproportionate expansion of credit without effort (fiat, purchasing power parity inversion between "real-scarce" and "unreal-unlimited" monetary vehicles), the ratio of one-to-another is unbound (less than or equal to infinity)...


Millennials are telling boomers to forget whatever they thought they knew about the stock market. At this point there's no more stock market (in the conventional sense of the word). What exists now has become terminally warped and distorted by central bank dependency. The "bad news is good news" market hovers near all-time-high valuations, awaiting more QE injection. This has resulted in the disintegration of personal investment in conventional stocks and bonds and created a feeling of despair. This helplessness gives alternative investment vehicles like Bitcoin immense opportunity leverage, and opportunity holds real value in the risk / reward arena. During times of despair, people are more acutely looking for hope.

It looks to me like a "perfect storm" is brewing in the financial sector, and a surge in Bitcoin adoption may represent the formation of a well defined "eye" in the center.

Not very good but early can be?

2016, I suppose.

Maybe you think before December 1, 2016 or 2017, that is the time when the bitcoin price should worth $1200 each.

i dont think that its possible to achieve neither this year nor 2016 mainly because bitcoin needs more time to attract new investors and users

haha
2016 will be "The Year"

I love your optimism about the price..

 I have hope for the future, but I think it will take a long time before we see 1000 $ or more. What can make bitcoin price to rise that much?

-A Currency Crisis: Citizens of any country experiencing high inflation or currency devaluation have a strong incentive to look for alternatives to holding their wealth in fiat cash. Since the 2009 financial crisis most of the world has been going through a period of low inflation, however there is a significant probability in the medium term future that competitive devaluation by countries seeking to prop up exports, or out of inflationary currency crises in specific countries, could drive a new wave of users into Bitcoin.

-A Banking Crisis: Banking crises in both Cyprus and Greece appear to have been a driving factor behind minor price jumps in the past, as it highlights the possibility that keeping money in banking system may not be as safe as people think

-Major Integrations: If, a trusted brand such as Paypal, for example, were to add the option of keeping BTC in their wallets we would almost certainly see a big jump in the number of users and therefore the price. Although that particular example may not seem very likely, there are dozens of others which could have a similar effect.

-The Halving: In the summer of 2016 the number of new coins being generated will halve. If the same amount of money keeps flowing into Bitcoin then the price will have to rise, and could easily push back into four figures.

Read more at : http://cryptorials.io/will-the-bitcoin-price-ever-go-back-up-to-1000/ (http://cryptorials.io/will-the-bitcoin-price-ever-go-back-up-to-1000/)
 

Two days left for the OP's $1200 before December 1 target.

I don't think it's very likely there will be a bull run big enough to get there in two days. To be fair he did say his post was speculation and ranting, and the November rally was at it's peak when he wrote it. I got over optimistic myself at the peak of the rally and thought it would continue way higher.

For BTC to reach that price, lots and lots of money should go into it (a lot of adoption needed) and it does not look like it is going to happen unfortunately.

December 2016 maybe, but still difficult.

if the price will reach at least $1000 then it will surely be somewhere in 2016 or even 2017. this year has just 1 month and a few days left. theoretically it could happen, but the reality will show otherwise.

Hells yeah, $1200 next month no prob. Then, $12k next year - parties on!!
Get a grip.

lol, There is no way the price is going to skyrocket to $1200 in the next few days unless someone buys over 5000 bitcoins at market price.

one never knows.  we all have to hope for the best if we are holding  ;)

We all are hoping for the best but we need to hope for something realistic to happen. $1200 is way beyond realistic.

No way jose

Which year?

I don't believe bitcoin is able to reach around the $1000 this year anymore. I do believe bitcoin is able to reach this amount of dollars next year.

2017, thus you have some time left to accumulate.

If you mean before december 1 next year, then there is a fairly large chance of seeing anything above $1000. The demand by that time will be much higher than it is right now. The block halving will have a good impact on that for sure.

I think even next year also may not reach 1000+ but it may be trading over 600+ unless some very good news comes out on bitcoin than it may go that level otherwise I don't think it will reach 1000 in one year. It is almost 200% at current level which is quite impossible and survive at that price.

 You WERE joking, right?
 Or you DID mean December 1 of 2017?

 Barring a major new POSITIVE news announcement involving Bitcoin, I don't see even the HALVING next year achieving that high of a spike.

 By December 1 of 2017, some chance - though I believe it to be a fairly small chance at best.

http://bitcoincharts.com/charts/chart.png?width=940.181818&m=bitstampUSD&SubmitButton=Draw&r=1460&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=1&p=0&

The Market disagrees with you.  As the pattern shows, the downtrend is over.  Uptrend has only just begun.  The last halving took place near the end of 2012.  Bitcoin went up like a rocket after that going up nearly 100-fold and then crashing to a level that is still to this day about 30x higher than it was before the halving. There is little chance that the last All Time High will not be breached by January of 2017.  That means that anyone who gets in now probably has a more than 50-50 chance to, at the very least, triple their money, conservatively speaking, by buying and holding for 13-14 months. So Sowwy to anyone who sold too early and to banksters who are probably a decade away from losing their monopolized cash-cow criminal monetary system.  ;D

$1200 before December 1. 2016? I would agree that is possible.
This year is very unlikely as you may know yourself.
With next years halving taking place around august and with a bit off after-effects this range could be a realistic goal.

december 1200 for a mere 1200 which was already touched in the past not even an impossible target?

no way, we can hit that around the halving without any problem, you see we hit 500 in 3 days like it was nothing and the double of that it's still nothing

Not this year anymore .
Not for next year too.
But within a few years i think this is good possible.
Some more positive news on TV or in the press should be very good for the price.

Which December do you expect this to happen? I really doubt that it will happen this year. I do believe that it's possible to reach that kind of value next year.

Seems kinda impossible for this year now. Only a few days left to reach the target, which unfortunately cannot happen.

But we are still trending upwards, so that is also good news.

I usually panic on the way down, but that's just me.  ;D


It won't happen, there's no way. I just can't see all those hard stock investors suddenly switching to bitcoin. BTC is still considered a joke by many of them.

December 1, 2015? I don't think so. December 1 is in about 2 days, not a realistic thought to have for this years December. If you're talking about next year then yes I can see that happening.

This reminds me of an invention called "the Computer" which was laughed at in the olden days....

I dont think what you mean is this year maybe next year but i dont think bitcoin will reach $1200 again even though we still have a time more than 1 year

If bitcoin price reaches $500 then it would be a success for bitcoin especially when recently the price crashed down to ~$300

Yes the days when you were yet to be born or living under a rock. Grab a book and read up on computer history.

Here are some pointers:

- Alan Turing (The father of computers) was ridculed and put under unbearable scrutiny because of his "machines".
- Steve Wozniac: Wozniak's "personal computer" was harshly received by HP. The company simply didn't understand why any ordinary person would need a computer with that particular form and functionality. It was  just a hobbyist product to them. HP was apparently so insistent on the uselessness of such a device that they rejected Wozniak five times!
- IBM President: "I think there is a worldwide market for maybe five computers.". Due to his fathers death he could force the company into the computer business.
- Ken Olson (DEC): "There is no reason for any individual to have a computer in his home."
- Pablo Picasso: "Computers are useless. They can only give you answers."

etc.
etc.

I think it would prove again that we are dealing with some heavy market manipulation, which is actually bad.

A steady rise of 15%- 25% makes more sense, since more people will start using it.

Well i remember that the bitcoin price within 24 hours rises more than $70 at that day which i think was manipulated sadly, but bitcoin has that potential to grow even more.

We should let market does what it does the best, regulates itself! Yes, there included are speculators as well. As we will grow and become bigger, these speculators will be squeezed out as well.

For now though, we are condemned to live with them together in the same market! There's nothing we can do in all honesty!

Yes could be manipulate  or could be real.  You can decide it

To me it looks the manipulators are not in for a close less then 400. This means we can expect some good things ;)

Let me add to that, december hasn't even started. We still got a full month here.

500? Maybe yes

Price is still under 400$. Maybe December 2016 we can see 1200$ again. I'm waiting for that day.

We can see us reaching this next year, it's not impossible.

But not this year, kinda late for that. I can't see it skyrocketing up in the air right now.

If this happend ( it won't ) than I just sream that Bitcoin reach more thatn 1000 dollars.
But this 1200 dollar before december is just a no go.

Maybe before 1 December 2016 or 2017 will be 1200 dollar.
Before 1 December 2015 I don't think that will happend.

Just few hours left to reach December 1st but still under $400 so it now looking like impossible to get $1200 in very short time of period so we have to wait for a long time to be there. ;)

I think so December 1 2016 price will be over $1200 for sure as now it growing slowly and getting new stable floor for it.

OP, Dec. 1st what time? GMT? Need to know to buy as much BTC as I can before it hits US$ 1200.

Ty

That would be a really nice price,but it is difficult to predict what will happen in a year.What is certain is that it will not happen tomorrow ;)

if the demand is increasing further after the bitcoin block halving, then i can't think of a reason why the price wouldn't reach a minumum of $1000. we will see how the market reacts after the halving.

I think so now we have more bright chance to reach $1000 it seems there is still some bullish sign so price can go over $1000 before end of this year this Christmas.

I hope it will happen tommorow but its imposible. Maybe in the next year it will be happen... for now we should need to keep watching every hour and every minute of bitstamp flunctuate.. it wiil rise it again around 480-500 fast then it will go down again into $400.

By December 2016 a lot of new things will have happened and changed the game. We should have seen the first iterations of sidechains by then, and amazing features like the confidential transactions will be coming too, I have no doubts in my mind that we will be at 4 figures by December 2016 and with a solid price above the last ATH.

well i hope this time it won't fall again to 230 after a year, i want a stable 1200, not pump and dump rich scheme

a good thing is that we are increasing nicely and very slowly in comparison to what it was the last ath

Sorry but i dont think so... 2016? YES  ;)

We are really in a low level to manipulate or affect directly the bitcoin price, this can do the big exchanges, but the 1200 USD is impossible by tomorrow.

the price is way under 600 right now what would be the half of the wanted to achieve price so i think its clearly impossible though i think we can reach it before the first day of the next year

Nice wisdom for your first post... :P

So how much do you get for selling propaganda? Any job openings?

If the price is under $600 then it means that it is under $1200 too, lol, the price is under $400 and i believe that it will reach it in these couple of days, but about the $600 maybe before June.

its clearly impossible

I surely think we will reach $600 before the block halving. If the people go full into insane buying mode, then it is even possible to see the price reach $700 or even $800.

I agree, $1200 is not manipulated by any exchange, or any group of speculators. $1200 will be reached again when we will have new interest springing into our technology, and for this we need a real growth or forming of another bubble or call it as you want!

Today is december 1st But not price moved to 600$ and all. But when compare from few weeks before Now its going for good rate I think. Lets hope this value to go high than this.

Can be friend up or down. Let hope going up now  8)

Well, here's to December 1st everyone. Nothing much has changed. It didn't even go over $500 yesterday so I was really doubting this speculation.

Yeah that is true, maybe that it will reach this month too 500 dollar, but who know we will see waht happen.

I don't think we will see $500 this month. I think its very likely that we will break the $500 barrier within the next 2-3 months.

Even if it doesn't, I believe it will be a good time for some people to invest into bitcoin, it will give them a chance to buy bitcoin cheaper that way.

Is december it is not at 1200 dollar but now is going down and that is sad :/

I just hope that in dece,ber will be around 450 dollar.

Well it is 1 December and didn't happen so what now another speculation than? To reach 1200 dollar I think it will be atleast 2-5 years.

lol this thread was way off in speculating the price current price :360 speculated price: 1200. thats almost a 4x difference.

I just hope its above 400 before 2016 begins.

It really was way off. I'm hoping for $400 as well, but you never know with bitcoin, we'll just have to see what happens

T'was impossible. It has gone down since I went to slumber last night thus once I awoke it was a clatter my stock has gone splatter ::)

Maybe you should buy an H for you nickname my dear Great Architect of the Universe. You could write to theymos to ask for it, but I don't think he'll reply.  :)


Anyway Op's dream of having 1200$ by today is over: when's the next date?

We will reacht in in 1 December 2016 I think it will reach too 1000 dollars at than to 1200 dollar.

But that will hard to reach.

I said I surely think the price will reach $600 before the block halving. The block halving happens to take place in late Juli 2016.

I think we can more than you have prediction and my guess price will touch $700-$1000. Halving will help bitcoin price