[Chart] Here is my prediction about Bitcoin Price till 1st Dec 2017

[ammy009]

Here is my prediction about Bitcoin Price till 1st Dec 2017



Time                    Price
July 1, 2010    $0.09
August 1, 2010    $0.06
September 1, 2010    $0.06
October 1, 2010    $0.06
November 1, 2010    $0.20
December 1, 2010    $0.25
January 1, 2011    $0.30
February 1, 2011    $0.72
March 1, 2011    $0.94
April 1, 2011    $0.77
May 1, 2011    $3.03
June 1, 2011    $10.60
July 1, 2011    $15.40
August 1, 2011    $13.09
September 1, 2011    $8.21
October 1, 2011    $5.03
November 1, 2011    $3.15
December 1, 2011    $3.06
January 1, 2012    $5.27
February 1, 2012    $6.08
March 1, 2012    $4.92
April 1, 2012    $4.83
May 1, 2012    $5.00
June 1, 2012    $5.27
July 1, 2012    $6.63
August 1, 2012    $9.55
September 1, 2012    $9.97
October 1, 2012    $12.40
November 1, 2012    $10.57
December 1, 2012    $12.56
January 1, 2013    $13.30
February 1, 2013    $20.50
March 1, 2013    $34.50
April 1, 2013    $104.00
May 1, 2013    $116.38
June 1, 2013    $129.30
July 1, 2013    $84.61
August 1, 2013    $96.42
September 1, 2013    $128.26
October 1, 2013    $125.49
November 1, 2013    $198.51
December 1, 2013    $946.92
January 1, 2014    $770.44
February 1, 2014    $853.02
March 1, 2014    $563.74
April 1, 2014    $478.72
May 1, 2014    $456.27
June 1, 2014    $629.02
July 1, 2014    $635.59
August 1, 2014    $595.08
September 1, 2014    $474.13
October 1, 2014    $381.33
November 1, 2014    $325.39
December 1, 2014    $378.64
January 1, 2015    $313.92
February 1, 2015    $226.40
March 1, 2015    $258.74
April 1, 2015    $246.55
May 1, 2015    $232.12
June 1, 2015    $241.96
July 1, 2015    $243.78
August 1, 2015    $234.54
September 1, 2015    $216.05
October 1, 2015    $205.14
November 1, 2015    $199.11
December 1, 2015    $198.83
January 1, 2016    $205.49
February 1, 2016    $207.97
March 1, 2016    $204.41
April 1, 2016    $204.14
May 1, 2016    $204.63
June 1, 2016    $205.41
July 1, 2016    $209.29
August 1, 2016    $217.67
September 1, 2016    $218.91
October 1, 2016    $226.00
November 1, 2016    $220.58
December 1, 2016    $226.27
January 1, 2017    $227.22
February 1, 2017    $247.92
March 1, 2017    $291.31
April 1, 2017    $541.26
May 1, 2017    $622.99
June 1, 2017    $719.99
July 1, 2017    $336.96
August 1, 2017    $383.76
September 1, 2017    $525.82
October 1, 2017    $509.10
November 1, 2017    $931.55
December 1, 2017    $1,223.40

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[Amph]

so basically you think that the halving will bring nothing? or that the rise because of it will be delayed?

and based by your chart will be delayed for almost a year, not too realistic...

if this really happen then numerous farm will shutdown, they can keep running with 12.5 per block

also a resonable view on the future price isn't more true if the price will not rise too much, by this i mean that bitcoin has at least the same possibility to reach 10k on 2017 than 2k(which may look more reasonable)

[ammy009]

so basically you think that the halving will bring nothing? or that the rise because of it will be delayed?

and based by your chart will be delayed for almost a year, not too realistic...

if this really happen then numerous farm will shutdown, they can keep running with 12.5 per block

also a resonable view on the future price isn't more true if the price will not rise too much, by this i mean that bitcoin has at least the same possibility to reach 10k on 2017 than 2k(which may look more reasonable)

No, halving will affect the market 100% sure, but, I think the effect on increasing price will be little delayed.

See bitcoin mining reward schedule : https://en.bitcoin.it/wiki/Controlled_supply

In this page it shows the bitcoin mining reward will be 12.5 at 2017. I calculated & found that this will affect the market mostly on September - December , 2017.

[Amph]

so basically you think that the halving will bring nothing? or that the rise because of it will be delayed?

and based by your chart will be delayed for almost a year, not too realistic...

if this really happen then numerous farm will shutdown, they can keep running with 12.5 per block

also a resonable view on the future price isn't more true if the price will not rise too much, by this i mean that bitcoin has at least the same possibility to reach 10k on 2017 than 2k(which may look more reasonable)

No, halving will affect the market 100% sure, but, I think the effect on increasing price will be little delayed.

See bitcoin mining reward schedule : https://en.bitcoin.it/wiki/Controlled_supply

In this page it shows the bitcoin mining reward will be 12.5 at 2017. I calculated & found that this will affect the market mostly on September - December , 2017.

your calculations are based on what, on the controlled supply table? can you show me the passages of it, i'm interested

[manselr]

Here is my prediction about Bitcoin Price till 1st Dec 2017



Time                    Price
July 1, 2010    $0.09
August 1, 2010    $0.06
September 1, 2010    $0.06
October 1, 2010    $0.06
November 1, 2010    $0.20
December 1, 2010    $0.25
January 1, 2011    $0.30
February 1, 2011    $0.72
March 1, 2011    $0.94
April 1, 2011    $0.77
May 1, 2011    $3.03
June 1, 2011    $10.60
July 1, 2011    $15.40
August 1, 2011    $13.09
September 1, 2011    $8.21
October 1, 2011    $5.03
November 1, 2011    $3.15
December 1, 2011    $3.06
January 1, 2012    $5.27
February 1, 2012    $6.08
March 1, 2012    $4.92
April 1, 2012    $4.83
May 1, 2012    $5.00
June 1, 2012    $5.27
July 1, 2012    $6.63
August 1, 2012    $9.55
September 1, 2012    $9.97
October 1, 2012    $12.40
November 1, 2012    $10.57
December 1, 2012    $12.56
January 1, 2013    $13.30
February 1, 2013    $20.50
March 1, 2013    $34.50
April 1, 2013    $104.00
May 1, 2013    $116.38
June 1, 2013    $129.30
July 1, 2013    $84.61
August 1, 2013    $96.42
September 1, 2013    $128.26
October 1, 2013    $125.49
November 1, 2013    $198.51
December 1, 2013    $946.92
January 1, 2014    $770.44
February 1, 2014    $853.02
March 1, 2014    $563.74
April 1, 2014    $478.72
May 1, 2014    $456.27
June 1, 2014    $629.02
July 1, 2014    $635.59
August 1, 2014    $595.08
September 1, 2014    $474.13
October 1, 2014    $381.33
November 1, 2014    $325.39
December 1, 2014    $378.64
January 1, 2015    $313.92
February 1, 2015    $226.40
March 1, 2015    $258.74
April 1, 2015    $246.55
May 1, 2015    $232.12
June 1, 2015    $241.96
July 1, 2015    $243.78
August 1, 2015    $234.54
September 1, 2015    $216.05
October 1, 2015    $205.14
November 1, 2015    $199.11
December 1, 2015    $198.83
January 1, 2016    $205.49
February 1, 2016    $207.97
March 1, 2016    $204.41
April 1, 2016    $204.14
May 1, 2016    $204.63
June 1, 2016    $205.41
July 1, 2016    $209.29
August 1, 2016    $217.67
September 1, 2016    $218.91
October 1, 2016    $226.00
November 1, 2016    $220.58
December 1, 2016    $226.27
January 1, 2017    $227.22
February 1, 2017    $247.92
March 1, 2017    $291.31
April 1, 2017    $541.26
May 1, 2017    $622.99
June 1, 2017    $719.99
July 1, 2017    $336.96
August 1, 2017    $383.76
September 1, 2017    $525.82
October 1, 2017    $509.10
November 1, 2017    $931.55
December 1, 2017    $1,223.40

I really like this approach and seems one of the most realistic ones. Big players will get tons of cheap BTC before it going mainstream on this stable, low price period, just like what happened in between Gold burst cycles, only this time after 2017 the ATH will be pulverized, 10.000 USD by 2025 is a reasonable amount, if not before. After people's brain click and they realize a) what Bitcoin is and b) how the coin release from mining (halving periods) is about to become near flat, the price will explode.

[BTCevo]

Here is my prediction about Bitcoin Price till 1st Dec 2017

So what is your prediction is based on? And why halving bitcoin in the end of this year is nothing to do with the price skyrocketting? Can give us some proof from where did you get your source about this? The thing I know that everyone is wait for end of this year to dump all of their bitcoin because the price will go high on the contrary you post about controvert to what people believe in

[Benjig]

February 1, 2015    $226.40
March 1, 2015    $258.74
April 1, 2015    $246.55
May 1, 2015    $232.12
June 1, 2015    $241.96
July 1, 2015    $243.78
August 1, 2015    $234.54
September 1, 2015    $216.05
October 1, 2015    $205.14
November 1, 2015    $199.11
December 1, 2015    $198.83
January 1, 2016    $205.49
February 1, 2016    $207.97
March 1, 2016    $204.41
April 1, 2016    $204.14
May 1, 2016    $204.63
June 1, 2016    $205.41
July 1, 2016    $209.29
August 1, 2016    $217.67
September 1, 2016    $218.91
October 1, 2016    $226.00
November 1, 2016    $220.58
December 1, 2016    $226.27
January 1, 2017    $227.22
February 1, 2017    $247.92
March 1, 2017    $291.31

2 Years of Static price? I believe if that happens, then your prediction of $1200 by November 1, 2017 will wait so much longer.

[Jeremycoin]

Seems interesting, so now we can just wait til the future and prove if it's a true prediction. Please teach me how to predict a Bitcoin price like this, maybe it will bring a luck in my trading activity

[randy8777]

op is too optimistic. i think the halving will result in a decent but realistic price. something in the range of $350. after that it will be very interesting. then we will know what the halving really means for the price.

[Pab]

By my opinion halving will bring price increasing to 500$-600$
than price will go down

I think  cruciuall will be technology development,will be btc app 2  alive or not,if not,bitcoin can have huge problems

[ammy009]

so basically you think that the halving will bring nothing? or that the rise because of it will be delayed?

and based by your chart will be delayed for almost a year, not too realistic...

if this really happen then numerous farm will shutdown, they can keep running with 12.5 per block

also a resonable view on the future price isn't more true if the price will not rise too much, by this i mean that bitcoin has at least the same possibility to reach 10k on 2017 than 2k(which may look more reasonable)

No, halving will affect the market 100% sure, but, I think the effect on increasing price will be little delayed.

See bitcoin mining reward schedule : https://en.bitcoin.it/wiki/Controlled_supply

In this page it shows the bitcoin mining reward will be 12.5 at 2017. I calculated & found that this will affect the market mostly on September - December , 2017.

your calculations are based on what, on the controlled supply table? can you show me the passages of it, i'm interested

Ok. I'll reveal all after updating my chart till 2024

[NorrisK]

That would be a boring ride to come! May be good for new entrepreneurs to join the party though! I do like the approach and sense of making a real estimation, not a wishful one.

[azguard]

By my opinion halving will bring price increasing to 500$-600$
than price will go down

I think  cruciuall will be technology development,will be btc app 2  alive or not,if not,bitcoin can have huge problems

Halving will bring price double at least.

[Q7]

Well, similar like what you are thinking, generally I don't believe that the effect of block reward halving will be instantaneous. A lot of people are expecting a boom which will take place immediately right after the cut but for me, I feel that the effect will only be felt months down the road, when the supply effect finally sets in. Don't forget we have a lot of mining farms still holding on to substantial amount of stash and they are waiting for the right time to sell. So the effect of price increase will not be very soon.

[lyth0s]

In general these types of posts are better fit for the speculation sub-thread for future reference.

In response to your price predictions I highly highly doubt bitcoin price will be stable for 2 years. It'll either be worth a LOT more or go down to near $0.

[randy8777]

In general these types of posts are better fit for the speculation sub-thread for future reference.

In response to your price predictions I highly highly doubt bitcoin price will be stable for 2 years. It'll either be worth a LOT more or go down to near $0.

down to near $0? since you're a high ranked hero member you must know that this isn't possible within a few years. it may go down, but nothing like you say.

[BTCevo]

In general these types of posts are better fit for the speculation sub-thread for future reference.

In response to your price predictions I highly highly doubt bitcoin price will be stable for 2 years. It'll either be worth a LOT more or go down to near $0.

down to near $0? since you're a high ranked hero member you must know that this isn't possible within a few years. it may go down, but nothing like you say.

Altough it wont go down near $0 but there is possiblities that the price will going down significantly, we never know the future and what will happen to bitcoin until that time, we can only wait the price going up and hope it will be stable, may be not this few years but there is chance too

[iram91445]

In general these types of posts are better fit for the speculation sub-thread for future reference.

In response to your price predictions I highly highly doubt bitcoin price will be stable for 2 years. It'll either be worth a LOT more or go down to near $0.

down to near $0? since you're a high ranked hero member you must know that this isn't possible within a few years. it may go down, but nothing like you say.

is it possible for it to go to for example 1 dollar? i dont think so as there will be users of it, i think it can go to 20 dollars

[Amph]

In general these types of posts are better fit for the speculation sub-thread for future reference.

In response to your price predictions I highly highly doubt bitcoin price will be stable for 2 years. It'll either be worth a LOT more or go down to near $0.

down to near $0? since you're a high ranked hero member you must know that this isn't possible within a few years. it may go down, but nothing like you say.

is it possible for it to go to for example 1 dollar? i dont think so as there will be users of it, i think it can go to 20 dollars

neither 20, at worst case i could see it going at the price before the 1200 peak happened, which was around 90, but in the end what i really think is that it won't go even below 150-200, because the mining farms are already too big, to let that happen, they worked hard for growing their big farms , i think they will start buying too if the price fall too much

[Slark]

By my opinion halving will bring price increasing to 500$-600$
than price will go down

I think  cruciuall will be technology development,will be btc app 2  alive or not,if not,bitcoin can have huge problems

Halving will bring price double at least.

I agree. Halving will change price for sure. Not including this in Op's chart is a mistake. I don't understand how after 2016-07-29 (the date of the next halving) price of bitcoin would stay low.
And suddenly in 2017 it will rise up above $1000? I find it highly doubtful. But as far as I know bitcoin could be gone after Gavincoin will be introduced.

[jeannemadrigal2]

That would be a boring ride to come! May be good for new entrepreneurs to join the party though! I do like the approach and sense of making a real estimation, not a wishful one.

I think the best profits can be made when it stays in a trading range.  There will be lots of small fluctuations that you can cash in on if you want to.

I am also really interested in how the OP came up with these numbers.  That is a really far way out to predict, but I am intrigued. 

[Febo]

By my opinion halving will bring price increasing to 500$-600$
than price will go down

I think  cruciuall will be technology development,will be btc app 2  alive or not,if not,bitcoin can have huge problems

Halving will bring price double at least.

HE said it will go to $500 so double. But there is other option. Halving can decrease hashing rate, so the price can stay same.

[Benjig]

With the Current unstoppable FUD out there around Bitcoin occasioned by Gavin news we may not go to 0 but easily in the next months prices will half so therefore I have no other choice but to join the FUD.. Sell now SELL before you regret!

[BTCevo]

With the Current unstoppable FUD out there around Bitcoin occasioned by Gavin news we may not go to 0 but easily in the next months prices will half so therefore I have no other choice but to join the FUD.. Sell now SELL before you regret!

I dont think there will halving prices for the next month because there are many people is in FUD so they wont do anything until the price is going back to usual price. That is what they must do, let the price stagnant for now and do other things except buying

[Possum577]

Your predictions from 2010 to present have been shockingly accurate, well done! Psych. I'll enjoy checking in with you on these predictions, maybe you could remember to bump your thread at the end of each month so we can all keep an eye on your accuracy or variance. We need more research and analysis. Also, I'd benefit from learning more about the rationale for your analysis...more so than the actual numbers. Soooo, when will you be updating your 2014 chart so we can hear about your analysis?

[lyth0s]

In general these types of posts are better fit for the speculation sub-thread for future reference.

In response to your price predictions I highly highly doubt bitcoin price will be stable for 2 years. It'll either be worth a LOT more or go down to near $0.

down to near $0? since you're a high ranked hero member you must know that this isn't possible within a few years. it may go down, but nothing like you say.

is it possible for it to go to for example 1 dollar? i dont think so as there will be users of it, i think it can go to 20 dollars

neither 20, at worst case i could see it going at the price before the 1200 peak happened, which was around 90, but in the end what i really think is that it won't go even below 150-200, because the mining farms are already too big, to let that happen, they worked hard for growing their big farms , i think they will start buying too if the price fall too much

When I say "near $0" I mean it will either succeed and go up greatly in price/value or it can fail with maybe just a small group of people running the nodes and willing to pay pennies just to have the bitcoins. Is it likely to fail? --No, not in my opinion. But it is a possibility.

How could it fail? Well if every country made it illegal with the death penalty as punishment there would be very very few people using it. If the EDCSA curve was found to have a mathematical solution that could also be its downfall (not that it's likely). If we have the evolution of a better cryptocurrency that could be its downfall, etc.

Bitcoin is highly likely to succeed and will continue to grow in value, which is why I think 2 years of stability around $240 is absurd. Bitcoin has never been that stable and won't be that stable for another 10-30 years (at a much higher price).

[ragi]

Halving will bring price double at least.

I hope so! It will be really interesting to see what will happen then.

[BTCevo]

In general these types of posts are better fit for the speculation sub-thread for future reference.

In response to your price predictions I highly highly doubt bitcoin price will be stable for 2 years. It'll either be worth a LOT more or go down to near $0.

down to near $0? since you're a high ranked hero member you must know that this isn't possible within a few years. it may go down, but nothing like you say.

is it possible for it to go to for example 1 dollar? i dont think so as there will be users of it, i think it can go to 20 dollars

neither 20, at worst case i could see it going at the price before the 1200 peak happened, which was around 90, but in the end what i really think is that it won't go even below 150-200, because the mining farms are already too big, to let that happen, they worked hard for growing their big farms , i think they will start buying too if the price fall too much

When I say "near $0" I mean it will either succeed and go up greatly in price/value or it can fail with maybe just a small group of people running the nodes and willing to pay pennies just to have the bitcoins. Is it likely to fail? --No, not in my opinion. But it is a possibility.

How could it fail? Well if every country made it illegal with the death penalty as punishment there would be very very few people using it. If the EDCSA curve was found to have a mathematical solution that could also be its downfall (not that it's likely). If we have the evolution of a better cryptocurrency that could be its downfall, etc.

Bitcoin is highly likely to succeed and will continue to grow in value, which is why I think 2 years of stability around $240 is absurd. Bitcoin has never been that stable and won't be that stable for another 10-30 years (at a much higher price).

Any why should they make it illegal? I dont think it affected every country in every aspect. It is just like usual trading and it doesnt break any trading rules I guess so I dont think it need a death penalty about this. About the stabilitize of bitcoin for 2 year of stability it doesnt absurd, may be people just stop on trading to stacks their bitcoin for a while that is some possiblities to stacks with this kind of price

[Amph]

I think this thread should be in the Speculation forum.

I don't think the halving will do much. Most bitcoins that are being sold are probably coming from merchants that are accepting BTC but converting to USD - not mining. Other events are way more important for the success and rise of Bitcoin.

but those merchants are also receiving bitcoin that are bought from someone, so it's a sum zero game for the market, they can't be the reason for the fall, the miners instead don't buy bitcoin they generate and dump only

another culprit is a rich guy who bought at sub 200 and can dump all the way high, from now

[september]

$1200 haha