Bitcoin Price about to explode..at 296.74 now....

[mindrust]

Explode at 296?

What are you drinking dude?

Bitcoin already exploded @ 1200, and we won't see something like this in the next 5 years probably. (Unless another Gox-wannabe comes up)

5 years is a long time, you think the price of bitcoin will not exceed 1200 for the  next 5 years? So for the next 1826 days you can guarantee that the price will be less than that? dude, the world is a crazy place and a lot of crazy things happen everyday.Nobody expected a coin worth a few cents to hit 1200 dollars. So I don't find the harm in assuming that there are chances of bitcoin being a few thousand dollars by the end of this decade.

I am behind my word.

That 1200$ jump was an anomaly. It was a scam made by Gox. I say if another company that big like Gox do it again, yes it may rise to 1200$ again for a short time. If not, btc will rise 100$ in every  year. Not more.

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[Amph]

No it's not!
Just wait for the next halving in one year.

the halving will ensure the average price to increase if demand will not fall for any other random reason, but you can not rely on it for everything, if the demand isn't there

what will really make the price skyrocket next year, is not the halving itself, but more the hype around it, as usual...

[alva5763]

Is there any underlying reason for price to explode eg extra demand?

[panju1]

No it's not!
Just wait for the next halving in one year.

the halving will ensure the average price to increase if demand will not fall for any other random reaosn, but you can not rely on it for everything, if the demand isn't there

what will really make the price skyrocket next year, is not the halving itself, but more the hype around it, as usual...

True... The price rise will probably happen before the halving. People will start buying bitcoins in the build up to the halving, thinking the price will increase after it.