Is 2015 The Year?

[godlyitems]

Will Bitcoin Bounceback This Year?
http://bitforum.info/t/will-bitcoin-bounceback-this-year/659

With last year's bitcoin roller coaster ride, do you think bitcoin has what it takes to bounce back?

Earlier this year, business after business and merchants after merchants are learning to accept bitcoin.
Do you think this is enough to turn the tides around?

well, its hard to predict now. but i think bitcoin will go up this year 
depend the news or gossip or something out there about bitcoin, i think its can make increase bitcoin price go up 

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[travwill]

Seems like 2015 is starting to look up for a strong rebound or even permanent trend upwards.

1) next week it seems we may see a nice pop when the GBTC quasi-ETF starts seeing some trades finally - the initial puts will demand a BTC price jump back up toward $300 to make sense...

2) the tons of wall street news just doesn't seem to stop each week now.  it is always the announcement of plans though so when we finally start seeing some launches and action the price should head up - as market cap grows.  if market cap shoots up, price has to as well...
  - Gemini, first "true regulated USA based exchange" was supposed to launch in Q1.  you would assume any day now even if late.
  - COIN true ETF should launch in near future as well.  been very quiet which is a good sign and you would think it'll target around same time or after Gemini.
  - We have all these ex-financial exec leads jumping into BTC now, sure the ones that exploded CDOs, etc.  Seems shady a bit but go ahead and ride along.

3) Adoption continues at a stead pace as a "currency."  This will continue to get interesting as price rises from above.

4) Europe is due to implode any day still now - can't prop it up forever.

5) USA $$$ is due to implode one day.  I mean we are at what $19 trillion in debt, the first rate increase is due finally, the markets should dive somewhat, inflated tech stock values has Silicon Valley in a bubble somewhat again, etc.  Come on...

5) China, they love BTC but just need a reason to throw fund into it more acceptingly - government will give up trying to block some day and approve of it.  China itself is in a huge credit bubble that is going to bust eventually as well so people will want to get out of the yuan and into something, BTC will see some growth...

...

[afbitcoins]

Quite hard to see it above $2000 by end of this year

[galbros]

I hope so but I don't see it.  Despite lots of good news the price action has all been sideways or down.  Any rallies are met with a fair amount of selling from miners who apparently can just barely cover their costs.  The price of any commodity approaches its extraction cost, and it would seem like we are in a slow period for the price right now.

Hope I'm wrong.

[zimmah]

I think it will rise in price quite a bit by the end of this year, but it will never reach the $1000 it once was.

Why not? Nasdaq and nyse are on the sidelines, waiting to throw money at Bitcoin. Next rise could very likely be orders of magnitude bigger than the previous rise.

I'm not saying we will see 6 digits, but I wouldn't be surprised if we did.

[Hyena]

I think it will rise in price quite a bit by the end of this year, but it will never reach the $1000 it once was.

Why not? Nasdaq and nyse are on the sidelines, waiting to throw money at Bitcoin. Next rise could very likely be orders of magnitude bigger than the previous rise.

I'm not saying we will see 6 digits, but I wouldn't be surprised if we did.

exactly. we've already seen 1,2,3,4 and 5 digits. the next big thing can only be 6 digits. simple logic. easy money.

oh wait... we haven't seen 5 yet.. then 5 will be next.

[Chef Ramsay]

I think it will rise in price quite a bit by the end of this year, but it will never reach the $1000 it once was.

Why not? Nasdaq and nyse are on the sidelines, waiting to throw money at Bitcoin. Next rise could very likely be orders of magnitude bigger than the previous rise.

I'm not saying we will see 6 digits, but I wouldn't be surprised if we did.

exactly. we've already seen 1,2,3,4 and 5 digits. the next big thing can only be 6 digits. simple logic. easy money.

oh wait... we haven't seen 5 yet.. then 5 will be next.

I'm leaning towards this gentleman's prediction. Once the market can be trusted by institutional money, lots of it will come into this space.

[manis]

I think it will rise in price quite a bit by the end of this year, but it will never reach the $1000 it once was.

Why not? Nasdaq and nyse are on the sidelines, waiting to throw money at Bitcoin. Next rise could very likely be orders of magnitude bigger than the previous rise.

I'm not saying we will see 6 digits, but I wouldn't be surprised if we did.

exactly. we've already seen 1,2,3,4 and 5 digits. the next big thing can only be 6 digits. simple logic. easy money.

oh wait... we haven't seen 5 yet.. then 5 will be next.

I'm leaning towards this gentleman's prediction. Once the market can be trusted by institutional money, lots of it will come into this space.

It is now a question of when the institutional money will flow in. 2014 has been a great year for money flowing into Bitcoin companies. At some point, this will be reflected in the price as well.

[Mieehayii]

the same question in 2014  "Is 2014 The Year?"

[randy8777]

the same question in 2014  "Is 2014 The Year?"

every year people say it's the year. and btw, what is considered the year of bitcoin?
explosion of price? mass adoption? wall street?

[bytezero]

For Bitcoin to rally, it needs some good news on the development front; or even better, some bad news from the global economic front.

[bornil267645]

we all thought that 2014 was the golden era, but it turned out as the black book for the market in the end. So no predictions on that one. But hoping that price holds a steady price to attract new market.

[uki]

No, 2015 is clearly not the year. It will be the base building and trend reversal year. Important one, but not the one. The real fun will come the next year with ETF, halving and other fireworks.

[Neotox]

2016 will be the year of bitcoin, when next reward halving happens

[mrhelpful]

2015 seems like everyone back in 2013, where we just said it`ll go higher then $1,000 back then when it was $1,000 due to mt gox.

but I am a bit optimistic, since its so volatile. I think if anything though, if it does go up to $300ish $400 range, it should be around based on whales making another stab based on the investments they see going on in the bitcoin arena.

[manselr]

2015 seems like everyone back in 2013, where we just said it`ll go higher then $1,000 back then when it was $1,000 due to mt gox.

but I am a bit optimistic, since its so volatile. I think if anything though, if it does go up to $300ish $400 range, it should be around based on whales making another stab based on the investments they see going on in the bitcoin arena.

We are going to see tons and tons of people regreting not buying like we ded back in early 2013, then they will blame BTC being too high when they had the opportunity to get it cheap.

[uki]

2015 is buying and accumulation year. it may be boring, but the real fun will be next year.

[Lauda]

2015 is buying and accumulation year. it may be boring, but the real fun will be next year.

Nonsense. Every year people say that. When is the 'buying and using year'. Bitcoin is not a investment, it is a currency.
OP I do not think that this is the year in which we will see the price surge that you expect. This year we will see a lot of development in the infrastructure.
We could potentially see a price surge in 2016 after the halving, or once the ETF goes public. You never know.

[marcus_of_augustus]

At some point in the near future bitcoin will begin it's next run, basing off the ~$250 mark (interestingly very close to previous ATH before last bubble ~$266 and even closer when viewed in total market cap not price.)

When it begins bitcoin will double in value in a relatively short time frame, say 6-8 weeks to $500. Then it will top off and base some more maybe months to a year (halving) ... OR it will continue to run in a new mania, doubling again to $1000 in a shorter time frame, say 3-4 weeks, at which point the new mania will be fully-blown, it will double again in 2 weeks to 2000 and then to 4-6000 range in a week and then 8-12,000 in a matter of days, before popping and collapsing ... but not below 1200 again.

[techgeek]

Just because merchants are starting to accept bitcoin doesn't mean the price will go up or the bitcoin adoption will increase.

This year is a year of venture capital money flowing in like crazy, just look at the facts. There are graphs that show this. 2015 is the year with the biggest pump in VC money so far.
Actual BTC price will be stable. This is the last year for us peasants to get as much BTC as possible while its affordable to buy entire units of BTC.

I think the same was sort of true in 2014 but did not lead to the rise in the price of bitcoin then. I would hope for a stable price than a pump.

The same was not quite true over the whole of 2014.  2014 saw lots of good news, but in terms of VC capital, 2015 looks to be off to a far stronger start.

http://www.coindesk.com/venture-capital-funding-bitcoin-startups-triples-2014/

2014, at $314 million, more than tripled what 2013 did.  

In 2015, we've already seen close to $200 million, and that was before the end of the first quarter.  The rate of money coming in this year is quite a bit faster.  There was a lot of positive news, but most of it was news suggesting things to come (and we still haven't seen them yet, but they're on the horizon) it wasn't enough to stem the tide of a necessary correction.

Also keep in mind 2014's price action was largely a downtrend as part of a correction from the crazy bubble that pushed BTC from $100 -> $1100.  The price was influenced very heavily by speculation, and it still is.

As you said, at a certain point we'll find a stable price, and then all of that news from 2014/early 2015, and VC money along with Wall Street stepping in will be quite ready for the next phase of the market.  Once there's little profit to be made from dumping and shorting, there's only one direction to go.

Sorry but it goes more like this:

"As you said, at a certain point we'll find a stable price"
^^^ Yes, and that price will be at low double/single digits, which will take a few years. By that time, everybody will be starting to adopt semi-centralised technologies that work in a similar way as the blockchain to move fiat currencies (like the IBM adept project or others), taking what's useful about this whole crypto movement (a distributed ledger to move any asset/currency around, and smart contracts ) and discarding the unusable bullshit (bitcoin).

(dumb) VC money in the bitcoin space (which is not a lot of money by the way) will suddenly realise that it has invested in a mini dotcom bubble that is collapsing. Everybody will look at bitcoin as the little volatile, irreversible, non scalable joke that nobody uses or needs aside from drug dealers, speculators, gamblers, and libertards.

The day bitcoins $1 per 1 btc will be some sight to see. the thing with technology you would have to use a source thats already been created. why bother re-create it in a new way?

And for wall street to come in, I thought they are already were involved. the dumb vc money is still a shit ton of money I mean if you think thats small money then you prob havent seen that in person.