Bitcoin goes to 1200-1300 (within a month?)

[vtr99]

Bitcoin price is unpredictable you can see those price in the future not only in this month.. im sure you cannot see any price the same as your dream.

Most of these 'guesses', yes guesses since none of these assumptions are backed by any evidence, statistics are just numbers people want to hear and so they shout them.
The price did increase but there is no way bitcoin be it 1 year ago, or 1 month ago, go to 1200 dollar within a month.

No way.

Well, back in 2013 when the price reached it's all time high, it went up from just above $200 to $1200 within a month. This of course with insane amounts of people panic buying, plus the helping hand of MtGox bot Willy.

I don't think he was paying any attention to what has already happened. 

I'd say it is almost certain to happen again, but no one can say for sure exactly when... There will without a doubt be another financial crisis, because everything is far worse now than it was in 2008-2009. Bitcoin didn't exist then, so this time we could see an insane jump in prices much faster than they did in late 2013. Anyone who can't see that is completely clueless, and has no credibility. Notice they never offer any fact basis for their theory, only naive opinion. Kind of like those people who chose the chocolate bar over the silver bar. 

[1714970726]

1714970726

[1714970726]

1714970726

[1714970726]

1714970726

[zimmah]

No one was not expecting this sudden rise in price of BTC.Now I also begin to believe anything is possible in manipulation of market by whales.I was having idea that halving will bring stability and some what 550-600 $ will be price after that.But it seems that anything even 2000 $ is possible in summer.

I don't see manipulation by so-called whales playing much of a part in this ongoing rally. What I do see is common sense buying across the board, because anyone with an understanding of economics should understand the coming rarity is going to drive the price higher. Probably much higher as many other forces are coming together at the same time. There are only 15.6 million coins to be had. If everyone in one large city wanted one, there wouldn't be enough to go around. My bet is there are more than 16 million intelligent people in the world. Maybe not many more, but certainly at least that many... Guys like Tim Draper already have what they need, and all they have to do is wait for the less intelligent folks to wake up.

Well said, and I'm glad I'm one of the 16 million.

[zimmah]

Bitcoin price is unpredictable you can see those price in the future not only in this month.. im sure you cannot see any price the same as your dream.

Most of these 'guesses', yes guesses since none of these assumptions are backed by any evidence, statistics are just numbers people want to hear and so they shout them.
The price did increase but there is no way bitcoin be it 1 year ago, or 1 month ago, go to 1200 dollar within a month.

No way.

Except for that one time were it did exactly that. I have posted the chart several times already. I'm too lazy to find and repost it again.

Bottom line is it went from $260 to $1244 in less than a month (closer to two weeks actually) and it can easily do so again. Except this time it starts at $400~$500 so it could easily end at $2000~$2500 or more.

Also, since Bitcoin has so far always increased in price exponentially, you should rationalize your expectations on a log scale. Not on an absolute scale.

It's about as easy to go from $0.001 to $1 as it is to go from $1 to $1000. And it's about as easy to go from $400 to $800 as it is to go from $10 to $20.

Just because $400 to $800 is an increase of $400 in absolute terms doesn't make it harder. It's still both a 100% increase.

The only reason it becomes a bit harder is because eventually there is no more room left to grow (every person already has Bitcoin and no money left to buy it). Since we're not even remotely close to that limit yet, nothing will stop Bitcoin from just rising exponentially again.

[DuckKeeper]

I am sure that is not going to happen for the price to rise in a instant to 1200 or 1300. The price still needs some time before we are going to reach the thousands.
I predict that this is going to happen somewhere in 2018.

[DavidoAlto]

I am sure that is not going to happen for the price to rise in a instant to 1200 or 1300. The price still needs some time before we are going to reach the thousands.
I predict that this is going to happen somewhere in 2018.

I agree for the price to suddenly rise to 1200-1300 has a small chance of happening. I am going to stay realistic and knowing that something like this is not going to happen any time soon.

[zimmah]

I am sure that is not going to happen for the price to rise in a instant to 1200 or 1300. The price still needs some time before we are going to reach the thousands.
I predict that this is going to happen somewhere in 2018.

I agree for the price to suddenly rise to 1200-1300 has a small chance of happening. I am going to stay realistic and knowing that something like this is not going to happen any time soon.

[parmatiya]

I am sure that is not going to happen for the price to rise in a instant to 1200 or 1300. The price still needs some time before we are going to reach the thousands.
I predict that this is going to happen somewhere in 2018.

I agree for the price to suddenly rise to 1200-1300 has a small chance of happening. I am going to stay realistic and knowing that something like this is not going to happen any time soon.

It would be better for the price rise in line with the general usage and popularity of the coin, not big pump and dump.

[xIIImaL]

I am sure that is not going to happen for the price to rise in a instant to 1200 or 1300. The price still needs some time before we are going to reach the thousands.
I predict that this is going to happen somewhere in 2018.

Anyone of us can speculate and predict the price, but I think no one knows how bitcoin prices from year to year. like previous years we will reach $1000 due to halving, but the next year we can not exceed the achievement of $1000 again, even in two consecutive years.

[zimmah]

I am sure that is not going to happen for the price to rise in a instant to 1200 or 1300. The price still needs some time before we are going to reach the thousands.
I predict that this is going to happen somewhere in 2018.

Anyone of us can speculate and predict the price, but I think no one knows how bitcoin prices from year to year. like previous years we will reach $1000 due to halving, but the next year we can not exceed the achievement of $1000 again, even in two consecutive years.

yes, so it's likely we will see a new ATH in 2017, and the price will swing around in 2018 and 2019 and it will start to recover in 2020 to see a new ATH late 2020 or early 2021.

At least, that's the most likely scenario based on how bitcoin tends to behave.

[bitcoinhopper]

Bitcoin price is unpredictable you can see those price in the future not only in this month.. im sure you cannot see any price the same as your dream.

Most of these 'guesses', yes guesses since none of these assumptions are backed by any evidence, statistics are just numbers people want to hear and so they shout them.
The price did increase but there is no way bitcoin be it 1 year ago, or 1 month ago, go to 1200 dollar within a month.

No way.

Well, back in 2013 when the price reached it's all time high, it went up from just above $200 to $1200 within a month. This of course with insane amounts of people panic buying, plus the helping hand of MtGox bot Willy.

The problem of the Bitcoin is that it wont rise that fast and that is really bad because you know that the value of the Bitcoin was stable for a long time and many people dont like it.
So that have to change now and that is because you also can see now that there will be more people that is going to have some more Bitcoin.

[zimmah]

I am sure that is not going to happen for the price to rise in a instant to 1200 or 1300. The price still needs some time before we are going to reach the thousands.
I predict that this is going to happen somewhere in 2018.

another fail prediction based on absolutely nothing

[vtr99]

I am sure that is not going to happen for the price to rise in a instant to 1200 or 1300. The price still needs some time before we are going to reach the thousands.
I predict that this is going to happen somewhere in 2018.

another fail prediction based on absolutely nothing

You have to love these goofy statements with nothing to back them up other than opinion. The biggest problem in the world today seems to be lack of education...

If I were to go with a seat of the pants opinion, I'd tend to go with the old saying that history always repeats itself. Considering the increase in world debt, more derivatives, more bad debt held by banks, less income on average, declining job markets, fiat inflation, and doubling down on all the policies that caused the last financial crisis, I'd say a massive Bitcoin rally in the near future is a relative certainty.

Then you have to consider the technical superiority of decentralized digital currency. As more people discover the advantages, popularity is growing. There is a very finite number of coins available. Far more secure than gold, or cash, and far easier to transport and exchange.

So the question seems to be who are you going to believe? I'm going with the guys who have a long track record of success.

https://www.youtube.com/watch?v=VwDtU3l7OK0

https://www.youtube.com/watch?v=f_3WHhnMMAU

https://www.youtube.com/watch?v=vdPWnYnpEOw

[zimmah]

people think bitcoin is unsafe now and banks and fiat currency are the safest way to store money.

they will soon realize how wrong they are after their precious money inflates away and then the banks do a bail-in and steal 20% of their money.

Or when cash money gets outlawed or severely limited, and banks charge negative interest, eating away at 'their' money (it's technically not even your money if you store it at the bank).

only then will they understand how safe bitcoin is compared to the alternatives.

sure bitcoin can be volatile at times, but the volatility is mostly to the upside and it will get better as market cap grows.

a sad thing that most people will only realize the superiority of bitcoin after banks and governments have already stolen large amounts of their wealth (that could have been spend on bitcoin).

on an unrelated note, it's kind of funny how most of the experts agree that bitcoin will eventually settle at somewhere around $1~$5 million depending on who you ask.

And to me, that value sounds absolutely plausible, and it's also often backed up by sound logic, not just "i feel like that's a nice number so it must be true"

[CryptoBjorn]

The price difference is way to big to be that in just a month, that is not going to happen. We are not going to see the thousands this year, I believe that the chance is bigger in 2017.

[Galiatram]

The price of the Bitcoin is not going to be that high and that is because it have to take a longer time until the value will be more worth so that have to be nice.
But of course it wont be also that fast that it can rise because it was stable for a long time.

[ibh98]

Think so

[vtr99]

people think bitcoin is unsafe now and banks and fiat currency are the safest way to store money.

they will soon realize how wrong they are after their precious money inflates away and then the banks do a bail-in and steal 20% of their money.

Or when cash money gets outlawed or severely limited, and banks charge negative interest, eating away at 'their' money (it's technically not even your money if you store it at the bank).

only then will they understand how safe bitcoin is compared to the alternatives.

sure bitcoin can be volatile at times, but the volatility is mostly to the upside and it will get better as market cap grows.

a sad thing that most people will only realize the superiority of bitcoin after banks and governments have already stolen large amounts of their wealth (that could have been spend on bitcoin).

on an unrelated note, it's kind of funny how most of the experts agree that bitcoin will eventually settle at somewhere around $1~$5 million depending on who you ask.

And to me, that value sounds absolutely plausible, and it's also often backed up by sound logic, not just "i feel like that's a nice number so it must be true"

Sounds like we are debating with 10 year olds... 

Funny how the current fed chair can't decide whether to raise rates, or take them negative. Hyper inflation is coming, because we can't pay the bills without borrowing a trillion dollars a year!

There is talk of no more $100 bills. When I was a kid $500, and $1,000 bills were common. The next step will be a government sponsored digital currency. Then they will have complete control over spending, freezing accounts, and so on. Bitcoin will be in the tens of thousands, or millions of dollars per coin by then. Yeah, only criminals and free people use cash!

https://www.washingtonpost.com/news/wonk/wp/2016/02/16/its-time-to-kill-the-100-bill/

[vtr99]

Stupid liberals!

http://www.reuters.com/article/us-imf-g20-argentina-inflation-idUSKCN0XB2KQ

http://money.cnn.com/2016/04/12/news/economy/venezuela-imf-economy/

http://www.latimes.com/world/mexico-americas/la-fg-venezuela-lines-20160530-snap-story.html

https://www.rt.com/business/267244-zimbabwe-currency-compensation-hyperinflation/

[zimmah]

The worst kind of prison is a prison you cant see.

[vtr99]

Market cap over $9 billion this morning!    Just a matter of time till the price of BTC really takes off.

Bitcoin 577.15 USD   9,014,444,213 USD   15,619,015   452,450,000 USD   + 2.21 %