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Title: [2015-12-31] CD: Why I'm Predicting a $650 Bitcoin in 2016 Post by: LiteCoinGuy on December 31, 2015, 11:04:46 AM Why I'm Predicting a $650 Bitcoin in 2016
On 23rd July, I predicted on Quora that the price of bitcoin at the end of the year would rest around $420. It appears at press time that I was not far off. As of 30th December, the bitcoin price is around $425. It seems I identified what many in the cryptocurrency community were predicting – 2015 was the year the bitcoin price would experience the slow and steadier growth it needed. http://www.coindesk.com/predict-650-bitcoin-2016/ Title: Re: [2015-12-31] CD: Why I'm Predicting a $650 Bitcoin in 2016 Post by: Denker on December 31, 2015, 11:22:32 AM The article itself was a good read.
Regarding the price prediction of Richelle Ross, just because she was right with a price close to 420 at the end of this year, doesn't mean she will be right with the $650. It could be everything from 200 or lower(unlikely but not impossible) to 1000+. The only thing I really agree with it that from the actual point of view, the next year seems to become a bullish one. My own price prediction for end 2016 is something between 800 to 1000+. Title: Re: [2015-12-31] CD: Why I'm Predicting a $650 Bitcoin in 2016 Post by: LiteCoinGuy on December 31, 2015, 11:24:45 AM The article itself was a good read. Regarding the price prediction of Richelle Ross, just because she was right with a price close to 420 at the end of this year, doesn't mean she will be right with the $650. It could be everything from 200 or lower(unlikely but not impossible) to 1000+. The only thing I really agree with it that from the actual point of view, the next year seems to become a bullish one. My own price prediction for end 2016 is something between 800 to 1000+. Halving + ETF + more press about BTC could take us there...everything but not boring ;) Title: Re: [2015-12-31] CD: Why I'm Predicting a $650 Bitcoin in 2016 Post by: Lucius on December 31, 2015, 12:22:12 PM An interesting article to read,I did not know that US presidential candidate Rand Paul accepts donations in BTC like first to do so.The author of the article said that she was lucky with prediction for this year so she offer another price prediction for 2016,but we know that this is about Bitcoin and that it is difficult to predict what will happen next year.650$ for next year is not bad if we consider the current price,but all would like it to be a little bit more, such as to reach the magic number of 1,000$.
Title: Re: [2015-12-31] CD: Why I'm Predicting a $650 Bitcoin in 2016 Post by: Minecache on December 31, 2015, 12:36:50 PM Steady as she goes. I want to see slow steady growth in price. Not more of the pump and dump.
Title: Re: [2015-12-31] CD: Why I'm Predicting a $650 Bitcoin in 2016 Post by: Kprawn on December 31, 2015, 01:19:31 PM One thing, where I would want to agree with the author of that article, would be that you are seeing much less negative press about Bitcoin. We have had a rough ride so far, with
all the scandals and scams, but we took that on the chin and we moved forward. The rest of the community, who do not use this technology for crime and scams are actually more than the people using it for these purposes. I hope we will see a steady climb towards that price, towards the end of the first quarter of 2016. ;) |