[2015-12-22] Bitcoin Price to Reach US$1,200 or More Next Year, Experts Say

[ironbit]

Bitcoin Price to Reach US$1,200 or More Next Year, Experts Say
Forecasting the price of any asset is a tricky thing. Estimating the price of wildly fluctuating Bitcoin, which is much more than just some financial instrument, is nearing almost magic. One day it can shoot up by 10% just to see it fall 5%…
http://www.altcointoday.com/bitcoin-price-to-reach-usd-1200-or-more-next-year/

[coinzat]

These experts are exaggerating in their speculations.
The halving will affect the price if more people start using bitcoin and the supply will not be enough.

[Zulucia]

Experts in Merrill Lynch already said the bitcoin was worth about $1200 2 years ago. The price is still below $500 today.

[TraderTimm]

With the halving coming around July of 2016, you'd have to be a complete idiot not to understand what limiting supply will do to price. And it just isn't that, either. Even with the banks trying to separate themselves from Bitcoin by using the blockchain is producing visibility and conferring legitimacy to the entire project. They'll cave in the end and actually use Bitcoin, but first they have to reinvent the wheel since they all suffer from "not invented here" syndrome. Its a frequent ailment that banks possess when it comes to technology.

Lets not forget the other overarching problems that will expose the current market and monetary system as a fragile house of cards, the global devaluations as countries struggle to make their exports strong, the oncoming deflationary wave that is hammering global commodities such as coal, copper and oil. All of these things will expose the inherent flaws in the system, and unwind countless derivative and credit default swap "bets" around the world.

2016 is going to be an interesting year, to say the least.

[2015Bubble]

With the halving coming around July of 2016, you'd have to be a complete idiot not to understand what limiting supply will do to price. And it just isn't that, either. Even with the banks trying to separate themselves from Bitcoin by using the blockchain is producing visibility and conferring legitimacy to the entire project. They'll cave in the end and actually use Bitcoin, but first they have to reinvent the wheel since they all suffer from "not invented here" syndrome. Its a frequent ailment that banks possess when it comes to technology.

Lets not forget the other overarching problems that will expose the current market and monetary system as a fragile house of cards, the global devaluations as countries struggle to make their exports strong, the oncoming deflationary wave that is hammering global commodities such as coal, copper and oil. All of these things will expose the inherent flaws in the system, and unwind countless derivative and credit default swap "bets" around the world.

2016 is going to be an interesting year, to say the least.

well said