What's your guess on the price of bitcoin for Jan 2016 and July 2016?

[rscholey]

A long time ago I bought a house in Canada.  During the previous 12 month the average price was stable and had barely move a dollar. The sales agent told me tomorrow the price will go up $2000.

Hard for me to believe but anyway I signed the papers and bought the house.  One of the things that pushed me to make the purchase was that my girlfriend was at the time crying after I initially told her I don't believe the price will go up and let's wait another week.

 That week I saw in the papers some mention that the house prices had moved up.  People read the papers and started to buy.  In the weeks that followed there were more and more and more reports about price going up and guess what happened ... prices went up.

A year later the same house was being sold for TWICE the price by the builder.

What's my point here.  Well if people think prices will go up then you can bet they do go up !

So what do you "think" will happen to the price of bitcoin ?

By the way I had quite a few friends at that time who wanted to buy but they put in offers after me.  Those guys had the offers rejected so weeks later they tried again and rejected.  It's been a long time but I think the friends never did end up buying.  They were just too late.

[Q7]

Unlike the price of real estate which you can almost predict based on location, future development within the locality, infrastructure, public amenities which can suddenly change and boost the price, in bitcoin it's much different. The real driver probably at this time is having people realize and reassure them that bitcoin investment is worth it and thus more and more people wants it and drive the price up. Also likely in line with economic collapse. So it difficult to come to a good prediction.

[Amph]

it seems that the demand is stubborn enough to maintain the price in the 230 value for a while right now, this mean that we can assume that if this value remain until the halving the price must increase because there will be 1800 less coins dumped from miners

which in other words would be around $400k each day, a decrease of 1800 coins per day should be equal to a buy of 3600 coins per day, so it is as if someone will buy 3600 additional coins each day

this should not increase too much the value of bitcoin, but it's sure that the value will increase if the demand will remain exactly the same as it is right now

[NoRespect]

it may take a long time to bitcoin reached the price of $ 2000, but I hope so
My hope for 2016 bitcoin price reached its highest price 

[qiwoman2]

Well at the current time I don't think it will grow much if not fall a tad. I believe bitcoin will hover between the 200-300 usd mark for a very long time yet. It will take a huge jolt economically either way to get people motivated to invest in bitcoin. The early days where miners made it big are well and truly over now.

[Mickeyb]

it seems that the demand is stubborn enough to maintain the price in the 230 value for a while right now, this mean that we can assume that if this value remain until the halving the price must increase because there will be 1800 less coins dumped from miners

which in other word would be around $400k each day, a decrease of 1800 coins per day should be equal to a buy of 3600 coins per day, so it is as if someone will buy 3600 additional coins each day

this should not increase too much the value of bitcoin, but it's sure that the value will increase if the demand will remain exactly the same as it is right now

Exactly this. It seems to me that people keep forgetting that for the price of Bitcoin to stay stable, today somebody needs to buy 3,600 new coins. That's around $800,000 of the new money that gets poured into Bitcoin daily. That's quite a lot of money if you are asking me.

[lolxxxx]

650$ by jan 2016 --- But i still hope that bitcoin will reach 1k$ or more !

[rscholey]

I have only been following bitcoin for a few months.  But I would love to think that the price will increase in the next 3-6 months in anticipation of the halving and as a result of an increased awareness of the coin in less developed countries and in some other countries like China. I'd be happy with $300 by Christmas but at this time I don't think anyone really knows what will happen.

[tonycamp]

i liked the soposition of the newbie 29 activity and me like a member from 2013 gets to see that btc lowers into jan and rises into july soo its 200 $ december 300$ july sorry for the small post but im not a big foliosopher

[deisik]

Exactly this. It seems to me that people keep forgetting that for the price of Bitcoin to stay stable, today somebody needs to buy 3,600 new coins. That's around $800,000 of the new money that gets poured into Bitcoin daily. That's quite a lot of money if you are asking me.

Wildly unfounded assumption unless you know (which you obviously don't) that all these newly minted coins are sold (exchanged for fiat) shortly after that have been mined...

And where did you get this number (3,600)? A new block is not found every 10 minutes (even on average)

[Denker]

For january the price will not be much different than it is now. So something around $230-$300 I believe is where we will stay for the rest of the year. For next year july where halving will take place the price might increase a bit but I doubt it will raise that much.Maybe $500 if it should be a positive bullish period of time. Of course I could be completely wrong, something unexpected will happen and price might go up or go down like crazy.

[oblivi]

This should be moved to the speculation subforum. Anyway, given the fact the halving will be around July 2016, i expect some change on the price, ideally a big pump, but January 2016 is way too soon. So I would say, Jan 2016 will be around the same as it is now, and one or two months before 2016 a big pump will begin.

[dothebeats]

Not much optimism nor pessimism, but based on what the market has to offer right now. Months before the halving, maybe we'll touch $300 again and back to the $240-$250 price range. Near halving (probably a week or two), hype starts to build up, and from there I expect to see a nice price increase until it comes back down to what it is before ($300>)

[gentlemand]

I have no idea any more. I wouldn't be surprised if it was still stuck in the $200-300 channel. If it was I truly wonder what it would take to insert a rocket up its arse in either trajectory.

[a7mos]

I think no one can predict where the price will be in the next days not after months
But I hope that the price will continue its trend up

[Harry Hood]

I think the price will cross $300 as we get into 2016. My hunch is that the price will increase as we aporoach the halving, when blocks of bitcoin will reduce from 25 to 12.5 BTC per block.

[dothebeats]

I think the price will cross $300 as we get into 2016. My hunch is that the price will increase as we aporoach the halving, when blocks of bitcoin will reduce from 25 to 12.5 BTC per block.

If there is an increase demand, then surely it would increase. But if demand remains stagnant, a decreased supply wouldn't matter much and wouldn't affect the price that much.

[randy8777]

my guess is that the price will be around $290 by that time. don't think it has a lot chance of going over $300 by then. it's a realistic guess.

[lexuz]

Will see if demand increase before christmas, i think we can see price above $400

[NorrisK]

Exactly this. It seems to me that people keep forgetting that for the price of Bitcoin to stay stable, today somebody needs to buy 3,600 new coins. That's around $800,000 of the new money that gets poured into Bitcoin daily. That's quite a lot of money if you are asking me.

Wildly unfounded assumption unless you know (which you obviously don't) that all these newly minted coins are sold (exchanged for fiat) shortly after that have been mined...

And where did you get this number (3,600)? A new block is not found every 10 minutes (even on average)

The 3600 is the avarage based on 10 minute blocks. I practice, the avarage is even faster (due to increasing difficulty, until readjustment). 3600 is a safe estimate of daily new bitcoins mined.

Ofcourse not even close to that amount will hit the market, but also  previously mined coins can enter the market with these coins, boosting the number.