Bitcoin Forum

Where from here? and predictions for 2017 ?  How about the next dip?

I myself think dip at $1,300 but finish the year at $2,500 to $3,500

I think in coming month March we will see the price surely reaching the 1300$ mark and by the end of this year 2017 we will see that the price has already crossed $1500 and maybe even $2000 as most people believe that.

Probably a new top in the next two months....consolidate for 6-7 months and make another ATH.

I don't see the price increase dramatically in March.
Everybody is expecting an increase with ETF approval, but I think we have already witnessed that increase.
I expect the price to stay stable for a few weeks now. And after that, who knows...

SmoothieBull is back.

I think so too, the ETF is not guaranteed but already priced in. I think its pretty steady for a while and if ETF is rejected we see a dip   

I Agree for the ATH transaction fee.

no way is it guaranteed and no way is it priced in if it passes either. once all of the shares are sold then they have to continue buying coins. there are enough shares to sell for a long time but at some point they have to look elsewhere.

I didn't expect to see the price finally demolish the all time high today, but I can happily say that it did. I just hope for some calmth as this increase is nice of course, but I aim at more sustainability.

My guess is that we will see the price increase to around $1250-$1300 where after that we'll more or less hover between $1100-$1200 for a couple of weeks to a month before we can move to the next target.

ETF news alone had a significant impact on exposure, there is a chance for the big guns to focus more on bitcoin ETF approved or not. time will tell.

Hopefully what you are saying is true. When we try to get carried away by the the prices of bitcoin, we tend to get panic and worried that it may fall anytime soon. However, if we just look at it as just a number, then we are all good and continue what we are doing and before we know it, we have amassed big amount of bitcoin in the future and the price may or may not as high as today.

Are you sure? The price is soaring like crazy right now. People seem to be hyped about Coin ETF and refuse to sell.
At this speed we could reach new ATH not within 6-7 months but  6-7 days or even less.

personally i don't really care what bitcoin does in the near future. if the market wants a rest it's earned it.

it managed this without china, without sorting out any scaling and with the etf thing up in the air. let's imagine what it could do if all the gripes were sorted out.

missed it by $4  :)

We cannot be certain of our prediction with bitcoin and being higher of its price all the time is not possible, because it will varry due to some changes of the mind of the people who has their own decisions particularly with tradings. The right thing to do is always be updated with the currenct price status, and have your own analysis with the price movement until the present updates.

I agree with your opinion . bitcoin is currently predicted to be approaching 1300USD. and at the end of the year could reach bitcoin price range 2500USD. something that a reasonable increase in price of a bitcoin. everyone even expect bitcoin has a much higher value.

With the law of economics and the ever-decreasing block reward theoretically bitcoin MUST increase in price or else it will fail as a currency. When miners are getting paid less and less BTC the value must go up or else there will be a decrease in miners. Also, when there is a small amount of BTC being created with increased adoption, the price per bitcoin must go up or else there simply will not be enough bitcoin to go around. Some day we will reach the point where either bitcoin fails as a currency, or that units such as uBTC or even satoshi must be used to pay, as some people will not be able to even acquire an amount such as 1 BTC. 

With 21 million bitcoin and 7 billion people in the world, that is 0.03 btc per person, and thus that amount must be worth enough to be worth at least the average income in the world which is 10,000$.

Of course not everyone will adopt but if bitcoin is to reach a reasonable goal, something like 1 or 2 billion people owning bitcoin would be ideal.

Well said, I also believe that Bitcoin getting rarer each day because of the lost access to the address by its owner will definitely increase it price.  In addition of people adopting Bitcoin, more demand, getting lesser supply, the price value will be an uptrend if we plot this in graph.  We then can see Bitcoin beating its ATH from time to time until it become more stable due to the saturation of the market.

What you are saying about the reason for this price bump in this year, there is no halving or chirstmas bubble on these recent months so most of them don't know about it. I think we are huge adoption in rate wise, when we see the comparison from 2014 to present. We need to wait and watch to see the prefect price of bitcoin in coming December.

The sad part about the price increase is that some people are intimidated by the current price and are waiting for a decrease before buying in. But at this rate, it looks like we're not going down anytime soon. We're now back at $1250 and soon we'll be seeing $1300 again. Don't get me wrong, the price is great but we need a better opportunity to buy.

Then again, there's also a possibility that we'll see $2000 in the coming years and in hindsight, right now would be a good buying opportunity. We can never really know.

Hindsight is 20/20 but this decade is the right time to buy. If you don't buy in now you may never be able to afford what you would like to see in your wallet (like 1, 10 or 21 bitcoins). I'd hate to miss the train and be stuck at the station. Aka; fomo

I predict that $1600 will come in about 2 months. We're going slow and steady the way we should be.

waiting for a dip to buy bitcoin is actually a good thing not a bad one. but the bad thing is keep waiting even after the dip happened.
first thing to do is always to know the market and see the news to try and predict if there is going to be a dip or is it over now. for example right now there is no reason for a dip.
then the next step is buying as soon as price went down even a little. but most people fail at this step because they think it is going to go lower or they panic so they keep waiting until price is back up and it is too late.

I hope that $1600 prediction will come true. The bull trader inside me hopes to see $2000 before the year ends, but that's still a long way ahead of us. Then again we'd have to consider that $900 - $1300 went by in just roughly 4 months. If the rate keeps up like that, $2000 is definitely possible within the year.

At this point it's quite tempting to go all in with bitcoin, but it is never wise to put all your eggs in one basket. Though that can apply to fiat as well. The average buyer could also wait for dips in the price, but who knows when the next dip will be.

The next dip will probably not happen soon. Price is going strong so far. $1200-1300 looks like the stable price which is huge for bitcoin. New support coming from different sectors are coming in the bitcoin ecosystem as well. $1500-2000 is not within the price and within the end of the year. ETF is already a milestone in bitcoin history, rejected or not, price of bitcoin is getting stronger. So next dip if ever there is one is lacking positive IMHO.

I never saw so mutch BS in 1 message. Are you suggesting that it is possible that there wont be a next dip? No, just no. There will. Technical issue's like BU and Segwit, China , rising altcoins and tons of other stuff can cause dips. When you think there wont be an another dip then bitcoin is not the right investment or currency for you. Dips will happen. Down movement will happen. We are in a 2 year bull market now, but you forgot about 2014 / Or 2015 ? We didnt only go up. And you forgot all the Pboc dips? Or ETF dip ? Many will come , thats the game.

Lmfao I was unaware that "China" was a technical issue. Also BU. Segwit is an issue. That's 1/3 right. Could you explain how China is a tech issue? Hahaha this I've got to hear.

There's always going to be a dip but when you rise from 200-600, dip 100, rise from 500-1000, dip 200, rise from 800 to 1300 dip 200 then rise to 1250 NO ONE CARES ABOUT THE DIPS.

China isnt a technical issue I am just pointing some factors out that can easily result in a dip.

Even after the rejection by SEC bitcoin never went down for a long time below $1200 and like everyone i thought there will be a small correction after the decision is taken and i was surprised that the price absorbed the news and rallied back and now consolidating at around $1250.I am looking forward for a price range of above $1300 in a few months time.

In most cases events that get hyped up badly tend to result in something negative in terms of its effect on the market. But in this case it was more an empty hype that was being kept alive by people hoping for the price to moon. It fills me with great joy that we managed (regardless of this ETF) to maintain our position above the $1000 level for such a long time.

so here is our dip, as I write $998 and had dipped to $950 or near.  I'm thinking BTC will hang around the $1k mark for a while until there is a resolution to a possible hard fork which seems to be the reason for the dip. Also the software for BTC Unlimited was found to have a bug which caused 70% of users to take nodes offline until that is resolved

all a part of growing pains

http://www.coindesk.com/bitcoin-sinks-100-price-nears-1000/

http://www.coindesk.com/code-bug-exploit-bitcoin-unlimited-nodes/

so to buy or not to buy ???   I have to think you just invest what you are conformable with.

Sadly, the price of bitcoin is going down. I think a lot has lost trust in bitcoin now, thanks to FUD. I think its better to buy now and invest in bitcoin since the price is low and just wait till it rises again in a few months. Maybe a lot has been dumping bitcoin and is panicking because of the BU vs Bitcoin Core regarding the block size dilemma.

The time you write this comment and the present time I am writing this reply has a huge price gap of bitcoin. I hope you have bought some bitcoins during or days after this comment of yours and gaining lots of profits :)

I am not agree that in this year bitcoin cross $2500. Very difficult for bitcoin price.
No doubt bitcoin is growing but instead of it bitcoin can't reach at $2500 in this year.
That price of bitcoin is already high, i never see it before.
But i repeat my talk, it is impossible for bitcoin that it will be reached at $2500 in 2017.

looking good!

$2500 not achievable in 2017? The price of bitcoin has crossed $2400 in most exchanges.
There will be people who are ready to bet that $2500 will be breached in May. And you talk about $2500 not being achieved in the whole of 2017.

Bitcoin indeed passes $2500 mark. I hope it will go as far as $5000 in 2018. There will be lots of happy soul from ordinary people like us who invested in bitcoins. Of course there are already big guys who are investing in bitcoins, then there is really no reason why ordinary people like us will not invest as well.

I just hope so, it has come down but at a small amount but we can't tell the next few weeks though. And if does go up in the coming days and reach a new ATH hopefully it won't fall down back to $1500.

You shouldn't worry about falling back to the $1500s as there is more than enough buy support at any level above the $2000 mark.

People just need to get used to these fluctuations as they are becoming more and more common nowadays. If you are a real hodler, these fluctuations shouldn't bother you at all.

Hold the line and don't be too emotional if you are in to a long term trading with bitcoin. This is same as true to ordinary stock investments where long term traders buy shares regularly irregardless of its price - they are after to long term profit and not short term. This is quite effective though.

Trading wit stock is different with bitcoins since it has backed by real business empires and has got a high potential to rise if the stocks where we going to buy are those strong companies that can last long for more decades. And with bitcoins we cannot sleep tightly at night if we have huge stakes on it since we doesn't know if the pump will come or the dump will came so better we must be watchfull if we choose to stake on bitcoins so that we can avoid to lose our profit on single blink.

Several all Time higher values has been reached in the past. Now the price is quite stable without much deviations in the forward as well backward direction. People have been hoping to experience $3000 at the earliest, but looking the scenario this might even take few more weeks for the next all time high price.

Let's get serious with this that the dips will not be those intense, the way they had been before!
I think that Bitcoins are now gaining some real values because investors are into it taking it more as a global currency than just a way to make more money over their investments.

I agree, and I do hope the dips won't be the same as before. It actually is scary though it will increase back again, but still it was crazy. Maybe it won't be the same as before because a lot of people treat bitcoin now as a great value and asset.

If you are talking about times when it went crazy from 35 to 5 and then slowly gained back, think again.
You will really need to have a magic wand or pessimistic people need to pray hard to God to make that kinda drop happen, because the way I am seeing it, people are taking more interest in it as a way of financing their needs with something totally volatile, still one of their best choices to make their money communicate the way they want and without any "body's" interference.

That is true. One of the reasons why lots of people are getting interested and are using bitcoin is due to the fact that it is less regulated and is somehow easy to use with some sort of anonymity. That area is really where Bitcoin is gaining traction over fiat money.